DUOT

MKT CAP:$178M

Duos Technologies Group, Inc.

Market Cap

$178M

Technology·Software - Application·🇺🇸 United States·NASDAQ

Technology·Software App·🇺🇸·NASDAQ

Stock Price

$9.40-$1.40 (-12.96%)

Apr 21, 2026

Company Details

Duos Technologies Group, Inc. designs, develops, deploys, and operates intelligent technology solutions in North America. Its technology platforms used in its solutions include centraco, an enterprise information management system; and true...

CEO

Charles Parker Ferry

IPO Date

May 30, 2017

Website

www.duostechnologies.com

Key Metrics TTM

Revenue

$19M

+159.0% YoY

Net Income

-$10M

EPS (Diluted)

-$0.95

Free Cash Flow

-$16M

Revenue / Share

$1.61

Gross Margin

26.4%

Operating Margin

-49.6%

Net Margin

-52.8%

FCF Margin

-86.2%

P/S

9.4x

P/E

—

Earnings Reports

FY 2025

Mar 31, 2026

$28M+286.7%EPS -$0.62

Q3 2025

Nov 13, 2025

$7M+112.3%EPS -$0.06

Q2 2025

Aug 14, 2025

$6M+279.7%EPS -$0.30

Q1 2025

May 15, 2025

$5M+362.5%EPS -$0.18

FY 2024

Mar 31, 2025

$7M-2.5%EPS -$1.39

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$4M	$618.1K	-$239.7K
Q1 22	$1M	$222.1K	-$3M
Q2 22	$4M	$1M	-$1M
Q3 22	$4M	$1M	-$2M
Q4 22	$6M	$2M	-$960.0K
Q1 23	$3M	$537.2K	-$2M
Q2 23	$2M	$241.3K	-$3M
Q3 23	$2M	$226.6K	-$3M
Q4 23	$2M	$303.8K	-$3M
Q1 24	$1M	$94.6K	-$3M
Q2 24	$2M	-$214.6K	-$3M
Q3 24	$3M	$919.1K	-$2M
Q4 24	$1M	-$330.0K	-$3M
Q1 25	$5M	$1M	-$2M
Q2 25	$6M	$2M	-$3M
Q3 25	$7M	$3M	-$1M

Valuation

Quarter	P/S	P/E
Q4 21	3.3x	—
Q1 22	4.2x	—
Q2 22	2.3x	—
Q3 22	2.0x	—
Q4 22	0.9x	—
Q1 23	1.7x	—
Q2 23	3.1x	—
Q3 23	3.2x	—
Q4 23	2.8x	—
Q1 24	4.9x	—
Q2 24	4.1x	—
Q3 24	3.4x	—
Q4 24	7.0x	—
Q1 25	6.0x	—
Q2 25	5.5x	—
Q3 25	4.8x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	-$1M	-$1M
Q1 22	-$827.7K	-$929.8K
Q2 22	$1M	$1M
Q3 22	-$4M	-$4M
Q4 22	-$4M	-$4M
Q1 23	-$7.1K	-$268.2K
Q2 23	-$2M	-$2M
Q3 23	-$4M	-$4M
Q4 23	-$3M	-$3M
Q1 24	-$2M	-$2M
Q2 24	-$2M	-$3M
Q3 24	-$2M	-$3M
Q4 24	$3M	$2M
Q1 25	-$5M	-$5M
Q2 25	-$3M	-$4M
Q3 25	-$3M	-$10M

Capital Expenditures

Quarter	CapEx
Q4 21	$242.2K
Q1 22	$102.1K
Q2 22	$67.1K
Q3 22	$247.3K
Q4 22	$228.4K
Q1 23	$261.1K
Q2 23	$287.2K
Q3 23	$350.1K
Q4 23	$195.5K
Q1 24	$9.8K
Q2 24	$879.5K
Q3 24	$666.3K
Q4 24	$284.3K
Q1 25	$581.6K
Q2 25	$791.2K
Q3 25	$6M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	-1.8%	-5.7%
Q1 22	-33.2%	+2.6%
Q2 22	+457.6%	+39.3%
Q3 22	+131.1%	+40.7%
Q4 22	+59.7%	+74.3%
Q1 23	+83.7%	+17.4%
Q2 23	-51.1%	-1.9%
Q3 23	-61.9%	-23.6%
Q4 23	-74.3%	-31.7%
Q1 24	-59.5%	-20.0%
Q2 24	-14.7%	-3.9%
Q3 24	+111.6%	+14.6%
Q4 24	-4.3%	-3.4%
Q1 25	+362.5%	+75.9%
Q2 25	+279.7%	+94.1%
Q3 25	+112.3%	+54.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$46.7K	1.3%
Q1 22	$250.6K	17.4%
Q2 22	$188.2K	5.2%
Q3 22	$153.4K	3.8%
Q4 22	$227.0K	3.8%
Q1 23	$75.1K	2.8%
Q2 23	$227.6K	12.9%
Q3 23	$196.8K	12.9%
Q4 23	$210.5K	13.8%
Q1 24	$159.3K	14.9%
Q2 24	$82.4K	5.5%
Q3 24	$39.7K	1.2%
Q4 24	$0	0.0%
Q1 25	$995.6K	20.1%
Q2 25	$0	0.0%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q4 21	$54.4K	$594.4K	$209.0K
Q1 22	$436.7K	$2M	$283.9K
Q2 22	$530.3K	$2M	$376.0K
Q3 22	$329.4K	$2M	$297.1K
Q4 22	$371.2K	$2M	$380.2K
Q1 23	$404.9K	$2M	$307.6K
Q2 23	$537.8K	$3M	$301.1K
Q3 23	$450.0K	$2M	$353.4K
Q4 23	$560.5K	$2M	$531.3K
Q1 24	$382.1K	$2M	$553.5K
Q2 24	$390.0K	$2M	$712.5K
Q3 24	$396.6K	$2M	$471.4K
Q4 24	$362.6K	$2M	$401.1K
Q1 25	$424.4K	—	$295.0K
Q2 25	$307.3K	$4M	$417.6K
Q3 25	$115.1K	$3M	$253.8K

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q4 21	-1.8%	-1.0%	-2.8
Q1 22	-33.2%	-173.0%	-206.2
Q2 22	457.6%	-32.8%	424.8
Q3 22	131.1%	-44.8%	86.3
Q4 22	59.7%	-14.4%	45.3
Q1 23	83.7%	-73.7%	10.0
Q2 23	-51.1%	-157.8%	-208.9
Q3 23	-61.9%	-176.6%	-238.6
Q4 23	-74.3%	-207.3%	-281.6
Q1 24	-59.5%	-234.5%	-294.0
Q2 24	-14.7%	-165.1%	-179.8
Q3 24	111.6%	-10.4%	101.1
Q4 24	-4.3%	-164.9%	-169.2
Q1 25	362.5%	-17.7%	344.8
Q2 25	279.7%	-44.4%	235.4
Q3 25	112.3%	-7.1%	105.3

Rule of 40

Revenue Segments

Quarter	Product	Service, Other	Technology Service
Q4 21	$3M	$588.2K	—
Q1 22	$783.3K	$656.0K	—
Q2 22	$3M	$837.1K	—
Q3 22	$3M	$1M	—
Q4 22	$5M	$1M	—
Q1 23	$2M	$816.5K	—
Q3 24	—	$2M	$2M
Q4 24	—	$1M	—

Revenue by Geography

Quarter	North America
Q4 21	$4M
Q3 23	$2M
Q1 24	$1M
Q2 24	$2M
Q3 24	$3M
Q4 24	$1M
Q1 25	$5M
Q2 25	$6M
Q3 25	$7M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$5M	$0	$5M
Q2 22	$6M	$0	$6M
Q3 22	$5M	$0	$5M
Q4 22	$1M	$0	$1M
Q1 23	$4M	$0	$4M
Q2 23	$2M	$0	$2M
Q3 23	$3M	$0	$3M
Q4 23	$2M	$0	$2M
Q1 24	$3M	$0	$3M
Q2 24	$506.1K	$0	$506.1K
Q3 24	$613.6K	$0	$613.6K
Q4 24	$6M	$0	$6M
Q1 25	$4M	$0	$4M
Q2 25	$1M	$0	$1M
Q3 25	$33M	$0	$33M
Q4 25	$15M	$0	$15M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	4M	0.0%	+1.7%
Q1 22	5M	+49.2%	+51.4%
Q2 22	6M	+13.9%	+71.6%
Q3 22	6M	+5.8%	+79.8%
Q4 22	7M	+10.9%	+99.4%
Q1 23	7M	+0.0%	+33.7%
Q2 23	7M	+0.2%	+17.6%
Q3 23	7M	+1.0%	+12.3%
Q4 23	7M	+0.9%	+2.1%
Q1 24	7M	+0.0%	+2.1%
Q2 24	7M	+2.0%	+3.9%
Q3 24	8M	+3.7%	+6.7%
Q4 24	8M	+7.7%	+13.8%
Q1 25	11M	+37.0%	+55.9%
Q2 25	12M	+4.0%	+59.0%
Q3 25	12M	0.0%	+53.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$54.6K	68
Q1 22	$21.2K	68
Q2 22	$53.2K	68
Q3 22	$59.2K	68
Q4 22	$79.1K	75
Q1 23	$35.3K	75
Q2 23	$23.6K	75
Q3 23	$20.4K	75
Q4 23	$21.5K	71
Q1 24	$15.1K	71
Q2 24	$21.3K	71
Q3 24	$45.6K	71
Q4 24	$17.0K	86
Q1 25	$57.6K	86
Q2 25	$66.7K	86
Q3 25	$80.0K	86

Revenue / Employee