DUOT on Nasdaq
DUOS TECHNOLOGIES GROUP, INC.
American prepackaged software services company based in Jacksonville.
Price unavailable
Last updated Oct 18, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Services and consulting - related parties brought in 82% of the revenue DUOS TECHNOLOGIES GROUP, INC. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Services and consulting - related parties | $921.6K | $22.4M |
| Services and consulting | $4.1M | $3.9M |
| Technology Service | $2.3M | $373.3K |
| Turnkey Projects | $2.3M | $373.3K |
| Technology Solutions | $349.2K | |
| Hosting Revenue | $56.0K |
Business segments
Asset Management brought in 45% of the revenue DUOS TECHNOLOGIES GROUP, INC. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Asset Management | $921.6K | $22.4M |
| Asset Management Services | $921.6K | $22.4M |
| Technologies | $6.4M | $4.3M |
| Technology Solutions | $349.2K | |
| Data Center Hosting and Related Services | $56.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue71¢$19.1M
- Research and development3¢$846.9K
- Other costs26¢$7.0M
Out of $27.0M in revenue.3 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total Revenues | $27.0M | $7.3M |
| Total Cost of Revenues | $19.1M | $6.8M |
| GROSS MARGIN | $7.9M | $469.2K |
| Sales and marketing | $1.2M | $2.1M |
| Research and development | $846.9K | $1.5M |
| General and administration | $15.6M | $7.8M |
| Total Operating Expenses | $17.6M | $11.5M |
| LOSS FROM OPERATIONS | -$9.8M | -$11.0M |
| Interest expense | -$439.3K | -$286.1K |
| Change in fair value of warrant liabilities | $246.0K | |
| Gain (Loss) on extinguishment of debt | -$95.7K | $379.6K |
| Interest income on lease receivable | $8.5K | |
| Interest income | $446.9K | $37.2K |
| Other Income (Expenses), net | $7.4K | -$157.6K |
| Total Other Income (Expenses), net | -$72.2K | $219.1K |
| NET LOSS | -$9.8M | -$10.8M |
| Basic Net Loss Per Share | -$0.64 | -$1.39 |
| Diluted Net Loss Per Share | -$0.64 | -$1.39 |
| Weighted Average Shares-Basic | 15.3M shares | 7.7M shares |
| Weighted Average Shares-Diluted | 15.3M shares | 7.7M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $15.5M | $6.3M | |
| Accounts receivable, net | $730.2K | $109.0K | |
| Accounts receivable, net - related parties | $5.3M | $294.4K | |
| Lease receivable | $35.4K | ||
| Contract assets | $741.7K | $635.8K | |
| Inventory | $306.8K | $605.4K | |
| Prepaid expenses and other current assets | $489.1K | $176.3K | |
| Total Current Assets | $23.1M | $8.1M | |
| Inventory - non current, net | $391.8K | $196.3K | |
| Lease receivable, less current portion | $227.6K | ||
| Property and equipment, net | $27.7M | $2.8M | |
| Operating lease right of use asset - Office Lease, net | $3.7M | $4.0M | |
| Financing lease right of use asset - Edge Data Centers, net | $2.0M | ||
| Operating lease right of use asset - Land, net | $357.6K | ||
| Security deposit | $450.0K | $500.0K | |
| Equity Investment - Sawgrass APR Holdings LLC | $7.2M | $7.2M | |
| Intangible Asset, net | $9.6M | ||
| Patents and trademarks, net | $186.1K | $127.3K | |
| Software development costs, net | $95.3K | $403.4K | |
| Total Other Assets | $7.5M | $17.4M | |
| TOTAL ASSETS | $63.4M | $35.0M | |
| Accounts payable | $4.9M | $969.8K | |
| Notes payable - financing agreements | $2.0K | $17.1K | |
| Accrued expenses | $306.2K | $373.3K | |
| Operating lease obligation - Office Lease -current portion | $818.5K | $798.6K | |
| Financing lease obligations - Edge Data Centers - current portion | $367.5K | ||
| Operating lease obligation- Land - current portion | $53.0K | ||
| Notes payable, net of discount - related parties | $1.8M | ||
| Contract liabilities, current - Technology Systems | $134.3K | $403.6K | |
| Contract liabilities, current - Technology Solutions | $1.1M | ||
| Contract liabilities, current - CN Digital Agreement | $2.2M | ||
| Contract liabilities, current - Services and consulting | $169.4K | $592.4K | |
| Contract liabilities, current - related parties | $3.6M | $8.6M | |
| Total Current Liabilities | $11.1M | $16.1M | |
| Contract liabilities, less current portion - CN Digital Agreement | $7.4M | ||
| Contract liabilities, less current portion - related parties | $3.6M | ||
| Operating lease obligation - Office Lease, less current portion | $3.5M | $3.9M | |
| Operating lease obligation - Land, less current portion | $311.5K | ||
| Financing lease obligations - Edge Data Centers, less current portion | $1.7M | ||
| Total Liabilities | $14.9M | $32.7M | |
| Common stock: $0.001 par value; 500,000,000 shares authorized, 20,449,462 and 8,922,576 shares issued, 20,448,138 and 8,921,252 shares outstanding at December 31, 2025 and December 31, 2024, respectively | $20.4K | $8.9K | |
| Additional paid-in-capital | $132.9M | $76.8M | |
| Accumulated deficit | -$84.2M | -$74.4M | |
| Sub-total | $48.7M | $2.4M | |
| Less: Treasury stock (1,324 shares of common stock at December 31, 2025 and December 31, 2024) | -$157.5K | -$157.5K | |
| Total Stockholders' Equity | $48.6M | $2.3M | $5.4M |
| Total Liabilities and Stockholders' Equity | $63.4M | $35.0M | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |
| Preferred stock, shares available to be designated | 9.4M shares | 9.4M shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 500.0M shares | 500.0M shares | |
| Common stock, shares issued | 20.4M shares | 8.9M shares | |
| Common stock, shares outstanding | 20.4M shares | 8.9M shares | |
| Treasury stock, common shares | 1.3K shares | 1.3K shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $15.5M | $6.3M | |
| Accounts receivable, net | $730.2K | $109.0K | |
| Accounts receivable, net - related parties | $5.3M | $294.4K | |
| Lease receivable | $35.4K | ||
| Contract assets | $741.7K | $635.8K | |
| Inventory | $306.8K | $605.4K | |
| Prepaid expenses and other current assets | $489.1K | $176.3K | |
| Total Current Assets | $23.1M | $8.1M | |
| Inventory - non current, net | $391.8K | $196.3K | |
| Lease receivable, less current portion | $227.6K | ||
| Property and equipment, net | $27.7M | $2.8M | |
| Operating lease right of use asset - Office Lease, net | $3.7M | $4.0M | |
| Financing lease right of use asset - Edge Data Centers, net | $2.0M | ||
| Operating lease right of use asset - Land, net | $357.6K | ||
| Security deposit | $450.0K | $500.0K | |
| Equity Investment - Sawgrass APR Holdings LLC | $7.2M | $7.2M | |
| Intangible Asset, net | $9.6M | ||
| Patents and trademarks, net | $186.1K | $127.3K | |
| Software development costs, net | $95.3K | $403.4K | |
| Total Other Assets | $7.5M | $17.4M | |
| TOTAL ASSETS | $63.4M | $35.0M | |
| Accounts payable | $4.9M | $969.8K | |
| Notes payable - financing agreements | $2.0K | $17.1K | |
| Accrued expenses | $306.2K | $373.3K | |
| Operating lease obligation - Office Lease -current portion | $818.5K | $798.6K | |
| Financing lease obligations - Edge Data Centers - current portion | $367.5K | ||
| Operating lease obligation- Land - current portion | $53.0K | ||
| Notes payable, net of discount - related parties | $1.8M | ||
| Contract liabilities, current - Technology Systems | $134.3K | $403.6K | |
| Contract liabilities, current - Technology Solutions | $1.1M | ||
| Contract liabilities, current - CN Digital Agreement | $2.2M | ||
| Contract liabilities, current - Services and consulting | $169.4K | $592.4K | |
| Contract liabilities, current - related parties | $3.6M | $8.6M | |
| Total Current Liabilities | $11.1M | $16.1M | |
| Contract liabilities, less current portion - CN Digital Agreement | $7.4M | ||
| Contract liabilities, less current portion - related parties | $3.6M | ||
| Operating lease obligation - Office Lease, less current portion | $3.5M | $3.9M | |
| Operating lease obligation - Land, less current portion | $311.5K | ||
| Financing lease obligations - Edge Data Centers, less current portion | $1.7M | ||
| Total Liabilities | $14.9M | $32.7M | |
| Common stock: $0.001 par value; 500,000,000 shares authorized, 20,449,462 and 8,922,576 shares issued, 20,448,138 and 8,921,252 shares outstanding at December 31, 2025 and December 31, 2024, respectively | $20.4K | $8.9K | |
| Additional paid-in-capital | $132.9M | $76.8M | |
| Accumulated deficit | -$84.2M | -$74.4M | |
| Sub-total | $48.7M | $2.4M | |
| Less: Treasury stock (1,324 shares of common stock at December 31, 2025 and December 31, 2024) | -$157.5K | -$157.5K | |
| Total Stockholders' Equity | $48.6M | $2.3M | $5.4M |
| Total Liabilities and Stockholders' Equity | $63.4M | $35.0M | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |
| Preferred stock, shares available to be designated | 9.4M shares | 9.4M shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 500.0M shares | 500.0M shares | |
| Common stock, shares issued | 20.4M shares | 8.9M shares | |
| Common stock, shares outstanding | 20.4M shares | 8.9M shares | |
| Treasury stock, common shares | 1.3K shares | 1.3K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$9.8M | -$10.8M |
| Impairment of property, plant & equipment | $72.9K | |
| Depreciation and amortization | $2.1M | $2.2M |
| Inventory write-off | $25.0K | $126.7K |
| Insurance premium credit | -$36.0K | |
| Stock based compensation | $4.1M | $109.0K |
| Stock issued for services | $566.4K | $165.0K |
| Amortization of debt discount related to warrant liabilities | $345.9K | $184.0K |
| Fair value of warrant liabilities | -$246.0K | |
| Loss on extinguishment of debt | $95.7K | -$379.6K |
| Amortization of operating lease right of use asset - Office Lease | $377.7K | $344.8K |
| Amortization of right of use asset - land | $7.0K | |
| Amortization of lease right of use asset - Edge Data Centers | $150.8K | $50.8K |
| Provision for credit losses, accounts receivable | $76.0K | |
| Provision for credit losses, note receivable | $161.2K | |
| Accounts receivable | -$621.2K | $983.0K |
| Accounts receivable-related parties | -$5.0M | |
| Lease receivable | $19.8K | |
| Note receivable | -$7.5K | |
| Contract assets | -$105.9K | $6.2K |
| Inventory | $28.5K | $52.7K |
| Prepaid expenses and other current assets | $165.0K | $414.1K |
| Accounts payable | $3.9M | $374.2K |
| Security deposit | $50.0K | $50.0K |
| Accrued expenses | -$67.0K | $209.1K |
| Operating lease obligation - Office Lease | -$394.6K | -$342.2K |
| Operating lease obligation - land | -$66 | |
| Financing lease obligations - Edge Data Centers | -$12.4K | $22.1K |
| Contract liabilities, Services and Consulting | -$423.0K | -$661.0K |
| Contract liabilities, Technology Systems | -$269.3K | $4.0M |
| Contract liabilities, CN Digital Agreement | -$1.5M | -$623.2K |
| Contract liabilities, Technology solutions | $1.1M | |
| Contract liabilities, related parties | -$8.6M | |
| Net cash used in operating activities | -$13.7M | -$3.5M |
| Purchase of patents/trademarks | -$71.6K | -$9.5K |
| Purchase of property and equipment | -$23.7M | -$1.8M |
| Net cash used in investing activities | -$23.7M | -$1.8M |
| Repayments on financing agreements | -$456.7K | -$430.9K |
| Proceeds from notes payable, related parties | $2.2M | |
| Repayments of lease financing | -$2.1M | |
| Repayments of notes payable, related parties | -$2.2M | |
| Proceeds from warrant exercises | $899.5K | |
| Proceeds from common stock issued | $54.0M | $3.5M |
| Proceeds from exercise of stock options | $865.9K | |
| Stock issuance costs | -$3.6M | -$220.2K |
| Proceeds from shares issued under Employee Stock Purchase Plan | $254.0K | $166.3K |
| Proceeds from preferred stock issued | $3.0M | |
| Net cash provided by financing activities | $46.7M | $9.2M |
| Net increase (decrease) in cash | $9.2M | $3.8M |
| Interest paid | $282.8K | $3.9K |
| Taxes paid | $91.5K | $20.1K |
| Debt discount for warrant liability | $625.6K | |
| Notes issued for financing of insurance premiums | $477.7K | $434.9K |
| Transfer of inventory to property and equipment | $49.6K | $545.1K |
| Intangible asset acquired with contract liability | $11.2M | |
| Non-cash intangible write-off | $8.1M | |
| Equity Investment - Sawgrass APR Holdings LLC | $7.2M | |
| Right of use asset and liability for Edge Data Centers | $2.1M | |
| Transfer of property and equipment to lease receivable | $282.8K | |
| Non-cash financing activity: Warrants issued as part of equity raise | $837.0K | |
| Conversion of Series E Preferred Stock to common stock | $1 | |
| Transfer of finance lease asset to property and equipment | $1.9M | |
| Right of use asset and liability for land lease | $364.5K |
No quarter-by-quarter statement was filed.
Leadership
Who has led DUOS TECHNOLOGIES GROUP, INC., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
- Chief executive officerFrank Douglas Recker Sep 23, 2026 to now11
- Chief executive officerCharles Parker Ferry Sep 1, 2020 to Sep 23, 202612
- Chief executive officerGianni B. Arcaini Aug 28, 2015 to Jun 1, 202013
- ChairGianni B. Arcaini Aug 28, 2015 to Jun 1, 202013
- PresidentFrank Douglas Recker Sep 17, 2025 to now14
- PresidentDom Lesme Jan 11, 2011 to Jan 11, 201115
- Chief financial officerChristopher James Dealmeida Aug 26, 2026 to now16
- Chief financial officerLeah F. Brown Nov 17, 2025 to Aug 26, 202617
- Chief financial officerAndrew Winslow Murphy Nov 17, 2022 to Jan 10, 202418
- Chief financial officerAdrian Graham Goldfarb Aug 25, 2015 to Nov 17, 202219
- Chief operating officerDipan D. Patel Aug 17, 2026 to now20
- Chief operating officerChristopher T. King Jan 7, 2025 to Feb 19, 202521
- Chief operating officerDom Lesme Jan 14, 2011 to Jan 14, 201122
Board members and other officers (14)
- Chief Accounting OfficerConnie L. Weeks May 16, 2018 to Nov 17, 202123
- Board memberFrank Douglas Recker Sep 23, 2026 to now11
- Board memberBrian J. James Sep 16, 2025 to now24
- Board memberFrank A. Lonegro Jul 20, 2023 to now25
- Board memberCharles Parker Ferry May 27, 2021 to now26
- Board memberJames Craig Nixon Aug 26, 2021 to now27
- Board memberEdmond L. Harris Nov 23, 2020 to Oct 7, 202228
- Board memberKenneth S. Ehrman Feb 6, 2019 to now29
- Board memberNed Mavrommatis Aug 16, 2019 to now30
- Board memberFred J. Mulder Apr 13, 2016 to Apr 13, 201631
- Board memberJoseph Scott Glodek Apr 14, 2016 to Apr 14, 201632
- Board memberThiel Gijsbert Fj Van Apr 14, 2016 to Apr 14, 201633
- Board memberAdrian Graham Goldfarb Aug 25, 2015 to May 26, 202019
- Board memberDom Lesme Jan 11, 2011 to Jan 14, 201115
Former names
Timeline
Filings
366 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 88 major events, 156 insider forms, 21 large holders, 7 private raises, 74 other. The latest 20:
- Oct 15, 20264/A EDGAR
- Oct 15, 20264/A EDGAR
- Oct 15, 20264 EDGAR
- Oct 13, 20263 EDGAR
- Oct 13, 20268-K EDGAR
- Oct 9, 20264 EDGAR
- Oct 9, 20264 EDGAR
- Oct 9, 20264 EDGAR
- Oct 9, 20264 EDGAR
- Oct 9, 20264 EDGAR
- Oct 9, 20264 EDGAR
- Oct 5, 20268-K EDGAR
- Sep 23, 20264 EDGAR
- Sep 22, 20264 EDGAR
- Sep 17, 20268-K EDGAR
- Aug 26, 20268-K EDGAR
- Aug 26, 20263 EDGAR
- Aug 19, 202610-Q QUARTERLY REPORT EDGAR
- Aug 19, 20268-K EDGAR
- Aug 18, 20268-K EDGAR
The 366 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 21 such filings since October 2021, the latest 10:
- Aug 14, 2026SCHEDULE 13G/A
- Aug 13, 2026SCHEDULE 13G/A
- Jul 29, 2026SCHEDULE 13G
- May 18, 2026SCHEDULE 13G
- May 15, 2026SCHEDULE 13G
- Mar 21, 2025SCHEDULE 13G/A
- Feb 13, 2025SCHEDULE 13G/A
- Feb 12, 2025SCHEDULE 13G/A
- Nov 14, 2024SC 13G/A
- Feb 14, 2024SC 13G/A
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Money raised
Private offerings the company reported to the SEC on Form D.
- Jul 22, 2024Raised $2.2 million in a private offering of debt Form D: 2 investors so far Form D
- Mar 22, 2024Raised $3 million in a private offering of equity Form D: 10 investors so far Form D
- Nov 10, 2023Raised $2.5 million in a private offering of equity Form D: 2 investors so far Form D
- Aug 2, 2023Raised $5 million in a private offering of equity Form D: 2 investors so far Form D
- Mar 27, 2023Raised $4 million in a private offering of equity Form D: $30 million offered in all Form D
- Sep 30, 2022Raised $4 million in a private offering of equity Form D: 8 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 97. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Alyeska Investment Group, L.P. | 2,000,000 | $24.0M | 0.1% | +93,341 |
| BlackRock, Inc. | 1,657,657 | $19.9M | 0.0% | +1,567,534 |
| Bleichroeder LP | 1,627,806 | $19.5M | 3.5% | No change |
| Royal Bank Of Canada | 1,330,063 | $16.0M | 0.0% | −628 |
| Northern Right Capital Management, L.P. | 1,219,122 | $14.6M | 4.3% | +141,496 |
| Morgan Stanley | 1,177,994 | $14.1M | 0.0% | +116,265 |
| Vanguard Capital Management LLC | 1,130,835 | $13.6M | 0.0% | +159,009 |
| Shay Capital LLC | 931,635 | $11.2M | 1.2% | +270,535 |
| Geode Capital Management, LLC | 635,008 | $7.6M | 0.0% | +476,506 |
| Jane Street Group, LLC | 613,248 | $7.4M | 0.0% | +574,342 |
| Cantor Fitzgerald, L. P. | 600,000 | $7.2M | 0.1% | New |
| Private Advisor Group, LLC | 511,000 | $6.1M | 0.0% | +84,819 |
| State Street Corp | 431,478 | $5.2M | 0.0% | +365,299 |
| UBS Group AG | 323,188 | $3.9M | 0.0% | −89,167 |
| Potomac Capital Management, Inc. | 313,300 | $3.8M | 2.8% | −10,882 |
| HighMark Wealth Management LLC | 289,884 | $3.5M | 1.2% | New |
| Renaissance Technologies LLC | 287,200 | $3.4M | 0.0% | +22,785 |
| Gratia Capital, LLC | 270,275 | $3.2M | 3.7% | −309,725 |
| Jpmorgan Chase & Co | 266,160 | $3.1M | 0.0% | +212,413 |
| Silvercrest Asset Management Group LLC | 242,536 | $2.9M | 0.0% | New |
| Northern Trust Corp | 222,541 | $2.7M | 0.0% | +168,013 |
| Citadel Advisors LLC | 206,412 | $2.5M | 0.0% | +49,767 |
| Vanguard Portfolio Management LLC | 182,369 | $2.2M | 0.0% | New |
| Vanguard Fiduciary Trust Co | 171,220 | $2.1M | 0.0% | +76,741 |
| Susquehanna International Group, Llp | 151,961 | $1.8M | 0.0% | −178,943 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 14SEC EDGARFrank Douglas Recker, President
- 15SEC EDGARDom Lesme, President
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- 21
- 22SEC EDGARDom Lesme, Chief operating officer
- 23
- 24SEC EDGARBrian J. James, Board member
- 25SEC EDGARFrank A. Lonegro, Board member
- 26SEC EDGARCharles Parker Ferry, Board member
- 27SEC EDGARJames Craig Nixon, Board member
- 28SEC EDGAREdmond L. Harris, Board member
- 29SEC EDGARKenneth S. Ehrman, Board member
- 30SEC EDGARNed Mavrommatis, Board member
- 31SEC EDGARFred J. Mulder, Board member
- 32SEC EDGARJoseph Scott Glodek, Board member
- 33SEC EDGARThiel Gijsbert Fj Van, Board member