Rekor Systems, Inc. (REKR) intrinsic value & 10-year financials
Rekor Systems, Inc. (REKR) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 16.6% a year to $48.5M, with an average return on invested capital of -75.9%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $0.33
- Market cap
- $5.1M
- Revenue (FY2025)
- $48.5M
- Revenue growth (10-yr CAGR)
- 16.6%
- ROIC (10-yr avg)
- -75.9%
- Free cash flow (FY2025)
- -$22.9M
REKR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $48.5M | -$31.5M | — | -$22.9M | -59.6% | -51.6% |
| FY2024 | $46.0M | -$61.4M | — | -$34.2M | -118.0% | -91.4% |
| FY2023 | $34.9M | -$45.7M | — | -$34.0M | -120.6% | -67.8% |
| FY2022 | $19.9M | -$83.1M | — | -$42.6M | -430.6% | -112.3% |
| FY2021 | $14.3M | -$26.8M | — | -$24.3M | -218.4% | -58.8% |
| FY2020 | $9.2M | -$14.2M | — | -$16.1M | -128.3% | -129.0% |
| FY2019 | $19.3M | -$15.9M | — | -$22.1M | -47.0% | -52.6% |
| FY2018 | $20.1M | -$5.7M | -$0.44 | -$3.1M | -25.1% | -35.0% |
| FY2017 | $22.1M | -$5.0M | -$0.46 | -$3.5M | -21.0% | -166.4% |
| FY2016 | $12.1M | -$39.0K | -$0.01 | -$172.9K | -0.8% | 6.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Rekor Systems, Inc. is a consistent compounder, expanding top-line revenue at 16.6% annually over the past decade.
Rekor Systems, Inc. has historically struggled to out-earn its cost of capital, averaging just -59.4% ROIC.
Over the decade, Rekor Systems, Inc. shows that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Rekor Systems, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-67.82 per share.