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Rekor Systems cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$2.4M in Q2 2026 · −$13.0M over twelve months

Operating cash flow−$2.4M
Free cash flow−$2.4M
Cash conversion cycle15 days

Analysis

In Q2 2026, Rekor Systems generated −$2.4M of operating cash flow. That is $5.6M more than in Q2 2025 (−$8.0M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$10.8M; the largest uses were operating cash flow ($10.8M), capital spending ($2.3M), net borrowing (+) / repaid (−) ($1.1M); besides operations, cash came from other financing ($18.5M), other investing ($312K); the cash balance rose by $4.9M.

Operating cash flow was −$2.4M against net income of −$551K. The largest differences: payables −$1.4M, depreciation & amortization +$1.4M, prepaid and other assets +$573K.

Its cash conversion cycle was 15 days (receivables 57 + inventory 47 − payables 89).

Free cash flow

Rekor Systems: free cash flow by quarterRekor Systems: free cash flow by quarter−$10.0MQ3 2024−$5.7MQ4 2024−$8.4MQ1 2025−$8.0MQ2 2025−$6.3MQ3 2025−$254KQ4 2025−$4.1MQ1 2026−$2.4MQ2 2026
Operating cash flow less capital spending.
Rekor Systems: operating cash flow against capital spendingRekor Systems: operating cash flow against capital spendingOperating cash flowCapital spending−$9.6M$350KQ3 2024−$4.9M$820KQ4 2024−$8.1M$349KQ1 2025−$7.7M$301KQ2 2025−$4.8M$1.4MQ3 2025$210K$464KQ4 2025−$3.7M$393KQ1 2026−$2.4M$0Q2 2026
Latest (Q2 2026): Operating cash flow −$2.4M, Capital spending $0.

Capital allocation, year by year

Rekor Systems: where the cash came from (up) and went (down), by fiscal yearRekor Systems: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow −$18.0MFY2021: Shares issued $70.6MFY2021: Capital spending −$4.4MFY2021: Buybacks −$319K$70.6MFY2021FY2022: Operating cash flow −$39.6MFY2022: Shares issued $93KFY2022: Capital spending −$3.0MFY2022: Acquisitions −$6.4MFY2022: Buybacks −$98K$93KFY2022FY2023: Operating cash flow −$32.6MFY2023: Net borrowing −$702KFY2023: Shares issued $9.3MFY2023: Asset sales $1.5MFY2023: Capital spending −$1.4MFY2023: Buybacks −$105K$10.8MFY2023FY2024: Operating cash flow −$32.5MFY2024: Net borrowing $606KFY2024: Shares issued $266KFY2024: Capital spending −$1.7MFY2024: Acquisitions −$9.2MFY2024: Buybacks −$189K$872KFY2024FY2025: Operating cash flow −$20.4MFY2025: Net borrowing −$969KFY2025: Shares issued $73KFY2025: Asset sales $75KFY2025: Capital spending −$2.5MFY2025: Buybacks −$189K$148KFY2025
Over these 5 years operating cash flow totalled −$143M; the largest uses were operating cash flow ($143M) and acquisitions ($15.6M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$9.8M
Debt$15.0M
Net debt$5.3M
Due within a year$15.1M
Cash runway9 months

Rekor Systems is burning cash: its operations consume cash, a free cash flow of −$13.0M a year at the current rate against $9.8M of cash and investments: a runway of about 9 months; $15.1M of debt also comes due within a year, which would need refinancing or new money before any new financing.

Rekor Systems: debt maturities by year (FY2025)Rekor Systems: debt maturities by year (FY2025)$15.1MYear 1$86KYear 2$25KYear 3
Principal due in each year as disclosed in the annual report, against $9.8M of cash and investments now.

Where the cash came from and went

Rekor Systems: sources (+) and uses (−) of cash, Q2 2026Rekor Systems: sources (+) and uses (−) of cash, Q2 2026Cash drawn (+) / kept (−)$2.6MOperating cash flow−$2.4MNet borrowing (+) / repaid (−)−$256KOther investing$85K
Rekor Systems: sources (+) and uses (−) of cash, TTM to Q2 2026Rekor Systems: sources (+) and uses (−) of cash, TTM to Q2 2026Other financing$18.5MOperating cash flow−$10.8MCash drawn (+) / kept (−)−$4.9MCapital spending−$2.3MNet borrowing (+) / repaid (−)−$1.1MOther investing$312KShares issued$108KAsset & business sales$57KBuybacks−$29K

From profit to cash

Rekor Systems: net income to operating cash flow, Q2 2026Rekor Systems: net income to operating cash flow, Q2 2026Net income−$551KDepreciation & amortization$1.4MStock-based pay$212KGains on disposals−$28KReceivables−$538KInventory$166KPayables−$1.4MDeferred revenue$429KPrepaid and other assets$573KOperating cash flow−$2.4M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 202657478915
Q1 202672559433
Q4 202576627266
Q3 202566757071
Q2 202557646358
Q1 202572808469
Q4 202448597335
Q3 202469599434

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026−$2.4M——−$256K—$2.6M−$2.4M
Q1 2026−$3.7M−$393K−$2K−$278K$39K$4.3M−$4.1M
Q4 2025$210K−$464K−$27K−$247K$63K−$13.5M−$254K
Q3 2025−$4.8M−$1.4M—−$254K$4.7M$1.8M−$6.3M
Q2 2025−$7.7M−$301K−$69K−$251K$10.0M−$861K−$8.0M
Q1 2025−$8.1M−$349K−$93K−$236K$7.7M$1.0M−$8.4M
Q4 2024−$4.9M−$820K—−$241K$263K$5.6M−$5.7M
Q3 2024−$9.6M−$350K−$9K−$312K—−$7.5M−$10.0M

Rekor Systems: income statement and cash flow

Rekor Systems, Q2 2026: revenue $12.7M (+2% year over year), operating margin 1.8%. The chart follows the revenue to costs, profit and cash.

Rekor Systems: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.