Rekor (REKR) Q4 2025 Earnings Call Transcript
Key takeaways
- Chief Executive Officer — Robert A.
- I d like to start by thanking all of our investors and stakeholders who have joined us on today s call.
- Throughout 2025, we continue to see growth in our sales pipeline and active deployments.
Chief Executive Officer — Robert A. Berman
Joseph Nalepa: Good afternoon, everyone. I d like to start by thanking all of our investors and stakeholders who have joined us on today s call. Today, I ll walk through our financial results for the year ended December 31, 2025. We ve been focusing on execution and operational efficiency and are encouraged by the progress we continue to make. During 2025, we continued to deliver top line revenue growth while also finding efficiencies within our operations. For the year ended December 31, 2025, we recognized revenue of $48.5 million, an increase of 5% compared to revenue of $46 million in 2024. This increase represents continued growth across our public safety and urban mobility businesses.
Throughout 2025, we continue to see growth in our sales pipeline and active deployments. As of December 31, 2025, our remaining performance obligations increased to $25.9 million, a nearly 80% increase from December 31, 2024, which highlights strong momentum, giving us confidence in our ability to drive growth into 2026. For the year ended December 31, 2025, recurring revenue was $23.9 million, up 6% year-over-year. This reflects our long-term strategy of expanding our recurring revenue base through software and Data-as-a-Service subscription contracts. Adjusted margin for 2025 was 56% versus 49% in 2024. This improvement was largely driven by a greater portion of high-margin software sales relative to our service and hardware-based contracts as well as operational efficiencies within our deployments.