Earnings ·
Rekor Systems reported second quarter 2026 financial results for the period ended June 30, 2026
REKRRekor Systems, Inc.
Rekor Systems reported second quarter 2026 financial results for the period ended June 30, 2026. Revenue increased 23% sequentially to $12.7 million and 2% year over year. Recurring revenue grew 14% year over year to $6.7 million. Adjusted gross margin expanded to 56%, up from 50% in the prior-year quarter. The company reported an adjusted EBITDA loss of $1.2 million, a 79% improvement year over year. Operating expenses decreased significantly due to a 20% headcount reduction and realigned engineering operations. A one-time gain of $2.8 million from lease liability remeasurement contributed to the quarter's results. The company ended the quarter with $10.0 million in cash and reaffirmed its outlook for adjusted EBITDA profitability in the second half of 2026. Rekor Systems builds trusted data, privacy, and security solutions for real-world video and sensor networks.