Duos Technologies Group Inc
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
Why this colour
The balance sheet is healthy as of June 30, 2026, but the new business has not yet proven that it makes money: the 2026 profit comes from a one-time sale, the large leases are billed only after acceptance and depend heavily on Axe Compute. Yellow because the turnaround is unproven and customer concentration is high, without a documented existential risk such as over-indebtedness or a going-concern warning. The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
Duos Technologies is the moving-day trap in its purest form: the new nameplate reads AI data center, cash is plentiful at $112.3 million, and there are agreements with a combined contract value of more than $600 million. The filings, however, show a profit from a one-time stake sale, seven loss years, a GPU program sold after one quarter, a partner in four roles and a share count that more than quadrupled. Buyers are betting that the leases actually turn into payments from late 2026 on. Not investment advice.
Business model
Landlord of data center space for AI workloads with its own site in Columbus and agreements for 55 megawatts (Axe Compute) and 10 megawatts (hyperscaler); rent from the large agreements only flows after acceptance, targeted from late 2026.
Earnings quality
First-half 2026 profit of $44.4 million comes from the APR stake sale ($53.2 million book gain) — the one-time gain exceeds the entire first-half profit, so without it there would be a loss; continuing operations −$3.1 million; losses in every year from 2019 through 2025.
Balance sheet & liquidity
$112.3 million of cash and $207.4 million of equity as of June 30, 2026, no meaningful financial debt apart from a contingent note to the seller of the Columbus data center of up to $15 million (payable only once additional power arrives, also payable in shares at $10.50); Axe took over the GPU financing. Cash as of September 30, 2026, not yet reported.
Customer concentration
Axe Compute is buyer, installment debtor ($42.9 million), supplier and largest customer at once; in the first half of 2026, $4.46 million of $8.32 million of revenue still came from related parties around New APR.
Governance & dilution
Rail unit sold to a company half-owned by the then interim CFO (8-K of August 11, 2026); share count up from 7.3 (March 2024) to 31.5 million (August 2026), potentially about 41 million.
Worth Noting
This analysis was triggered by our in-house Reddit hype scanner; per ApeWisdom (retrieved 11/01/2026), 1 mention in 24 hours, 2 the day before. Shares sold short about 5.8 million, or about 24% of the free float (fundamental data, as of 11/01/2026). Price references: $14.64 (close 05/28/2026), $11.68 (06/12/2026, per 424B5), $6.20 (close 10/30/2026).
Data as of: the latest periodic report is the 10-Q for 06/30/2026 (filed 08/19/2026 after an NT 10-Q); the 10-Q for 09/30/2026 had not been filed as of 11/01/2026. Earnings for 2019 through 2025 refer to the total company as reported (including the rail unit); the first-half 2026 operating result covers continuing operations only. The sum of losses 2019 through 2025 ($53.9 million) and the potential share count (about 41 million) are our own calculations from the filings.
Not to be confused: Duos Technologies Group (DUOT) is the listed parent; Duos Edge AI is a subsidiary, not a separately listed company. Axe Compute (AGPU) is an independent Nasdaq-listed company.
Stock Watch
This analysis is as of November 1, 2026. Stock Watch will tell you what's changed at DUOT since then.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 5.40 $ to 14.60 $ · Last price: 6.20 $ (As of: October 30, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 10/30/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Software - Application
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Duos Technologies Group Inc DUOT | 0.2 | 5.2 | 1.6 | 35.1 | 0.8 | 271.2 | -35.3 |
| Salesforce.com Inc CRM | 183.7 | 22.9 | 13.4 | 77.3 | 21.8 | 9.6 | -10.0 |
| Uber Technologies Inc UBER | 132.9 | 17.8 | 18.1 | 40.8 | 14.6 | 18.3 | -32.4 |
| Automatic Data Processing Inc ADP | 117.4 | 26.9 | 17.0 | 48.8 | 30.2 | 7.1 | 15.6 |
| ServiceNow Inc NOW | 105.1 | 61.0 | 34.1 | 73.2 | 13.3 | 20.9 | -43.8 |
| Snowflake Inc. SNOW | 104.3 | – | -76.6 | 67.0 | -22.2 | 29.2 | 22.5 |
| Adobe Systems Incorporated ADBE | 98.2 | 14.3 | 9.5 | 89.3 | 35.3 | 10.5 | -26.2 |
| Intuit Inc INTU | 93.7 | 21.8 | 11.1 | 81.0 | 47.0 | 15.6 | -47.3 |
| Cadence Design Systems Inc CDNS | 90.4 | 73.8 | 38.8 | 85.7 | 29.7 | 14.1 | -2.4 |
| Median of companies shown | 104.3 | 22.3 | 13.4 | 73.2 | 21.8 | 15.6 | -26.2 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 6 | -2 | -3 | -19.04 | -2 | -6 | 1 |
| 2017 | 4 | -3 | -5 | -20.00 | -4 | 1 | 3 |
| 2018 | 12 | -2 | -2 | -1.06 | 0 | 0 | 4 |
| 2019 | 14 | -2 | -2 | -1.39 | -4 | 0 | 6 |
| 2020 | 8 | -7 | -7 | -2.03 | -4 | 2 | 6 |
| 2021 | 8 | -7 | -6 | -1.63 | -7 | 1 | 9 |
| 2022 | 15 | -7 | -7 | -1.11 | -8 | 4 | 13 |
| 2023 | 7 | -11 | -11 | -1.56 | -9 | 5 | 13 |
| 2024 | 7 | -11 | -11 | -1.39 | -3 | 2 | 35 |
| 2025 | 27 | -10 | -10 | -0.64 | -14 | 49 | 63 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
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· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q3 | -0.18 | 56.10 | 3 | 111.60 | -43.30 | -2 | -3 |
| 2024: Q4 | -0.41 | 6.80 | 2 | -4.30 | -233.20 | 3 | 2 |
| 2025: Q1 | -0.18 | 52.60 | 5 | 362.50 | -42.00 | -5 | -5 |
| 2025: Q2 | -0.30 | 30.20 | 6 | 279.70 | -61.30 | -3 | -4 |
| 2025: Q3 | -0.06 | 66.70 | 7 | 112.30 | -15.10 | -3 | -10 |
| 2025: Q4 | -0.15 | 63.40 | 10 | 547.50 | -33.80 | -3 | -19 |
| 2026: Q1 | -0.15 | 16.70 | 6 | 24.70 | 774.80 | 13 | -17 |
| 2026: Q2 | -0.13 | 56.70 | 6 | 7.70 | 774.80 | 13 | -17 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 13 of our scanner strategies — each hit links to the scanner.
Backtested Scanners
Growth
Breakout & Setup
Momentum & Trend
- 21-EMA Trend
- Above the 50- & 200-SMA
- High ADR (≥5%)
- Mark Minervini: Trend Criteria — 1 Month
- Richard Moglen: Top Performers 3/6 Month
- Stan Weinstein: Stage 2
Research
Risk & Weakness
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 0.68 | -0.28 – 1.64 | 52 | 206.3% | 2 |
| 12/31/2027 | 0.59 | 0.43 – 0.75 | 162 | -12.8% | 3 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Free cash flow over the past twelve months is negative, which rules out a serious reverse calculation. Any growth rate only makes a negative cash flow more negative; no present value comes out of it. What the price reflects here is therefore not a stream of cash flows, but the expectation that there will be one at all.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Duos verdient sein Geld mit Infrastruktur für KI-Rechenlasten (Edge-Rechenzentren, Colocation, bis 30.09.2026 auch GPU-as-a-Service) und verkaufte bis August 2026 KI-gestützte Bahn-Prüfportale; eigene KI-Modelle entwickelt das Unternehmen nicht.
View the full file — quotes, sources, reviewed filings
„The Company delivers AI-driven technologies, edge computing infrastructure, and energy consulting services to support data-intensive and mission-critical operations."
Das Unternehmen liefert KI-gestützte Technologien, Edge-Computing-Infrastruktur und Energieberatung für datenintensive und geschäftskritische Anwendungen.
10-K · 2026-03-31 · View SEC filing
„Through its subsidiary Duos Edge, the Company is engaged in the development and deployment of modular edge data centers designed to provide localized computing capacity for artificial intelligence workloads, data processing, and latency-sensitive applications."
Über seine Tochter Duos Edge entwickelt und errichtet das Unternehmen modulare Edge-Rechenzentren, die lokale Rechenkapazität für KI-Rechenlasten, Datenverarbeitung und latenzkritische Anwendungen bereitstellen sollen.
10-Q · 2026-08-19 · View SEC filing
„Hydra Host has secured a customer for the Company, and this customer provided a deposit of $18,770,228 to the Company in May 2026, which is included in contract liabilities, in the accompanying consolidated balance sheet as of June 30, 2026."
Hydra Host hat für das Unternehmen einen Kunden gewonnen; dieser Kunde leistete im Mai 2026 eine Anzahlung von 18.770.228 US-Dollar, die in der Konzernbilanz zum 30. Juni 2026 unter den Vertragsverbindlichkeiten ausgewiesen ist.
10-Q · 2026-08-19 · View SEC filing
„The Duos Technologies, Inc. business was the Company’s founding and legacy business, historically conducted as the Technologies segment, and was engaged in the design, development, deployment and support of machine vision and artificial intelligence technologies for the inspection of moving railcars, principally the Railcar Inspection Portal, together with related technology systems and support services."
Das Geschäft der Duos Technologies, Inc. war das Gründungs- und Stammgeschäft des Unternehmens, geführt als Segment Technologies; es entwickelte, installierte und betreute Bildverarbeitungs- und KI-Technik zur Prüfung fahrender Güterwagen, vor allem das Railcar Inspection Portal, samt zugehöriger Systeme und Serviceleistungen.
10-Q · 2026-08-19 · View SEC filing
Filings Reviewed: 10-Q 2026-08-19 · 10-Q 2026-05-15 · 10-Q 2025-11-13 · 10-Q 2025-08-14 · 10-K 2026-03-31 · 10-K 2025-03-31
Rated on November 1, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 21.6%
- More than 10% revenue growth is expected for the coming year 90.6%
- Share count grows by less than 3% a year 35.3%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 132.7%
- Gross margin at 40% or higher and without meaningful erosion 29.3%
- Goodwill from acquisitions does not grow faster than revenue 0.0%
- Net debt below twice EBITDA 11 m net cash
- Operating cash flow covers the profits of the last three years 6 m
- Return on capital at 15% or higher, or up versus two years ago -18.7%
- Insiders hold at least 10% or are net buyers 10.1%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
5/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 18.0%
- Exp. sales growth 3Y > 5% 144.9%
- EBIT growth 10Y > 5% –
- Exp. EBIT growth 3Y > 5% 144.9%
- Net debt < 4x EBIT –
- EBIT positive, 10Y straight 0
- Max. EBIT decline < 50% –
- Return on equity > 15% -20.4%
- ROCE > 15% -18.7%
- Expected return > 10% 97.9%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 30, 2026 | Mavrommatis Ned | Director | Other | 2,239 | 8.93 | 20,003 |
| Sep 30, 2026 | Nixon James Craig | Director | Other | 2,099 | 8.93 | 18,752 |
| Sep 30, 2026 | Lonegro Frank A | Director | Other | 2,799 | 8.93 | 25,006 |
| Sep 30, 2026 | Recker Frank Douglas | Chief Executive Officer | Other | 2,799 | 8.93 | 25,006 |
| Sep 30, 2026 | Ferry Charles Parker | Director | Other | 2,799 | 8.93 | 25,006 |
| Sep 30, 2026 | James Brian J. | Director | Other | 2,799 | 8.93 | 25,006 |
| Sep 22, 2026 | Recker Frank Douglas | Chief Executive Officer | Buy | 9,250 | 9.14 | 84,557 |
| Sep 18, 2026 | Nixon James Craig | Director | Buy | 2,907 | 8.60 | 25,000 |
| Sep 18, 2026 | Nixon James Craig | Director | Buy | 2,857 | 8.50 | 24,285 |
| Aug 17, 2026 | Recker Frank Douglas | Chief Executive Officer | Other | 880,000 | – | – |
The company
About the Company
Duos Technologies Group, Inc. designs, develops, deploys, and operates intelligent technology solutions in North America. Its solutions include applications for real-time data acquisition and analysis, including the inspection and monitoring of fast-moving vehicles, as well as the deployment of distributed computing infrastructure and related services. The company is also involved in development and deployment of edge data center infrastructure and related hosting services; design and delivery of Artificial Intelligence (AI)-enabled technologies and analytics platforms; provision of technology systems and integrated solutions for infrastructure and industrial applications; delivery of consulting and energy-related services, including power infrastructure planning and asset management services; and provision of technology solutions services, including procurement, logistics coordination, and deployment support for digital infrastructure projects. It also engages in the provision of technology systems, AI technologies, technical support, hosting, and technology services. In addition, the company provides consulting services, including consulting and auditing; software licensing with optional hardware sales; customer service training; and maintenance/support. Duos Technologies Group, Inc. is headquartered in Jacksonville, Florida.
- Employees
- 35
- Headquarters
- Jacksonville, FL
- Address
- 7660 Centurion Parkway, 32256 Jacksonville, United States
- Phone
- 904 296 2807
- Website
- duostechnologies.com
- IPO Date
- 04/10/2015
- ISIN
- US2660424076
- Stock Split
- 1:14 on 01/17/2020
- Stock Split
- 1:35 on 05/01/2017
- Stock Split
- 1:200 on 04/09/2015
Management
| Name | Title | Birth Year |
|---|---|---|
| Leah F. Brown | Senior Vice President of Accounting | 1971 |
| Frank Douglas Recker | CEO, President & Director | – |
| Christopher J. DeAlmeida | Chief Financial Officer | 1978 |
| Dipan D. Patel Ph.D. | Chief Operating Officer | 1974 |
| Fei Kwong | Vice President of Investor Relations & Corporate Communications | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 10/20/2026 DUOS TECHNOLOGIES GROUP, INC. (DUOT): Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
- 10/09/2026 DUOS TECHNOLOGIES GROUP, INC. (DUOT): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Financial Statements and Exhibits SEC ↗
- 10/05/2026 DUOS TECHNOLOGIES GROUP, INC. (DUOT): Entry into a Material Definitive Agreement; Completion of Acquisition or Disposition of Assets; Financial Statements and Exhibits SEC ↗
- 09/16/2026 DUOS TECHNOLOGIES GROUP, INC. (DUOT): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Financial Statements and Exhibits SEC ↗
- 08/26/2026 DUOS TECHNOLOGIES GROUP, INC. (DUOT): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Financial Statements and Exhibits SEC ↗
- 08/19/2026 DUOS TECHNOLOGIES GROUP, INC. (DUOT): Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
- 08/18/2026 DUOS TECHNOLOGIES GROUP, INC. (DUOT): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Financial Statements and Exhibits SEC ↗
- 08/17/2026 DUOS TECHNOLOGIES GROUP, INC. (DUOT): Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
Data as of: October 30, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.