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Side-by-side financial comparison of Rekor Systems, Inc. (REKR) and ROCKWELL MEDICAL, INC. (RMTI). Click either name above to swap in a different company.
ROCKWELL MEDICAL, INC. is the larger business by last-quarter revenue ($18.3M vs $12.7M, roughly 1.4× Rekor Systems, Inc.). ROCKWELL MEDICAL, INC. runs the higher net margin — -3.0% vs -61.3%, a 58.2% gap on every dollar of revenue. On growth, Rekor Systems, Inc. posted the faster year-over-year revenue change (-4.4% vs -25.6%). ROCKWELL MEDICAL, INC. produced more free cash flow last quarter ($2.2M vs $-254.0K). Over the past eight quarters, Rekor Systems, Inc.'s revenue compounded faster (14.0% CAGR vs -10.1%).
Rekor Systems, Inc. is a technology firm specializing in AI-powered intelligent transportation and public safety solutions. Its core offerings include automatic license plate recognition, traffic flow analytics, and road safety monitoring tools, serving municipal governments, transportation agencies and law enforcement entities primarily across North America.
Rockwell Medical Inc. is a publicly traded pharmaceutical company based in Wixom, Michigan and founded in 1996 that focuses on development and commercialization of treatments against diseases such as end-stage renal disease (ESRD) and chronic kidney disease (CKD).
REKR vs RMTI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.7M | $18.3M |
| Net Profit | $-7.8M | $-554.0K |
| Gross Margin | — | 21.1% |
| Operating Margin | -55.5% | -2.2% |
| Net Margin | -61.3% | -3.0% |
| Revenue YoY | -4.4% | -25.6% |
| Net Profit YoY | 61.8% | 26.7% |
| EPS (diluted) | — | $-0.01 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $12.7M | $18.3M | ||
| Q3 25 | $14.2M | $15.9M | ||
| Q2 25 | $12.4M | $16.1M | ||
| Q1 25 | $9.2M | $18.9M | ||
| Q4 24 | $13.3M | $24.7M | ||
| Q3 24 | $10.5M | $28.3M | ||
| Q2 24 | $12.4M | $25.8M | ||
| Q1 24 | $9.8M | $22.7M |
| Q4 25 | $-7.8M | $-554.0K | ||
| Q3 25 | $-4.1M | $-1.8M | ||
| Q2 25 | $-8.7M | $-1.5M | ||
| Q1 25 | $-10.9M | $-1.5M | ||
| Q4 24 | $-20.4M | $-756.0K | ||
| Q3 24 | $-12.6M | $1.7M | ||
| Q2 24 | $-9.8M | $343.0K | ||
| Q1 24 | $-18.6M | $-1.7M |
| Q4 25 | — | 21.1% | ||
| Q3 25 | — | 14.3% | ||
| Q2 25 | — | 15.6% | ||
| Q1 25 | — | 16.1% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 22.0% | ||
| Q2 24 | — | 17.6% | ||
| Q1 24 | — | 13.5% |
| Q4 25 | -55.5% | -2.2% | ||
| Q3 25 | -28.0% | -9.9% | ||
| Q2 25 | -62.6% | -8.4% | ||
| Q1 25 | -110.2% | -7.2% | ||
| Q4 24 | -139.2% | -2.1% | ||
| Q3 24 | -121.9% | 6.8% | ||
| Q2 24 | -81.1% | 2.0% | ||
| Q1 24 | -132.1% | -5.8% |
| Q4 25 | -61.3% | -3.0% | ||
| Q3 25 | -29.2% | -11.0% | ||
| Q2 25 | -70.1% | -9.3% | ||
| Q1 25 | -118.2% | -8.0% | ||
| Q4 24 | -153.3% | -3.1% | ||
| Q3 24 | -119.9% | 5.9% | ||
| Q2 24 | -78.8% | 1.3% | ||
| Q1 24 | -190.4% | -7.6% |
| Q4 25 | — | $-0.01 | ||
| Q3 25 | — | $-0.05 | ||
| Q2 25 | — | $-0.05 | ||
| Q1 25 | — | $-0.04 | ||
| Q4 24 | — | $-0.02 | ||
| Q3 24 | — | $0.04 | ||
| Q2 24 | — | $0.01 | ||
| Q1 24 | — | $-0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $16.6M | $10.7M |
| Total DebtLower is stronger | $15.0M | — |
| Stockholders' EquityBook value | $42.9M | $37.0M |
| Total Assets | $85.4M | $57.1M |
| Debt / EquityLower = less leverage | 0.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.6M | $10.7M | ||
| Q3 25 | $3.2M | $13.6M | ||
| Q2 25 | $4.8M | $12.5M | ||
| Q1 25 | $3.9M | $11.4M | ||
| Q4 24 | $5.0M | $15.7M | ||
| Q3 24 | $10.6M | $12.3M | ||
| Q2 24 | $3.1M | $11.9M | ||
| Q1 24 | $11.9M | $6.6M |
| Q4 25 | $15.0M | — | ||
| Q3 25 | $15.0M | — | ||
| Q2 25 | $14.9M | — | ||
| Q1 25 | $15.9M | — | ||
| Q4 24 | $15.9M | — | ||
| Q3 24 | $15.8M | — | ||
| Q2 24 | $16.8M | — | ||
| Q1 24 | $16.7M | — |
| Q4 25 | $42.9M | $37.0M | ||
| Q3 25 | $36.5M | $37.0M | ||
| Q2 25 | $35.4M | $30.4M | ||
| Q1 25 | $33.4M | $31.5M | ||
| Q4 24 | $34.1M | $32.6M | ||
| Q3 24 | $40.3M | $29.1M | ||
| Q2 24 | $46.2M | $23.5M | ||
| Q1 24 | $52.9M | $20.6M |
| Q4 25 | $85.4M | $57.1M | ||
| Q3 25 | $81.0M | $57.5M | ||
| Q2 25 | $80.1M | $52.6M | ||
| Q1 25 | $79.8M | $54.0M | ||
| Q4 24 | $82.5M | $59.2M | ||
| Q3 24 | $101.2M | $57.1M | ||
| Q2 24 | $97.9M | $53.0M | ||
| Q1 24 | $106.7M | $50.7M |
| Q4 25 | 0.35× | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 0.42× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.47× | — | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | 0.36× | — | ||
| Q1 24 | 0.32× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $210.0K | $2.3M |
| Free Cash FlowOCF − Capex | $-254.0K | $2.2M |
| FCF MarginFCF / Revenue | -2.0% | 12.0% |
| Capex IntensityCapex / Revenue | 3.7% | 0.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-22.9M | $-1.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.0K | $2.3M | ||
| Q3 25 | $-4.8M | $-1.3M | ||
| Q2 25 | $-7.7M | $1.8M | ||
| Q1 25 | $-8.1M | $-3.5M | ||
| Q4 24 | $-4.9M | $865.0K | ||
| Q3 24 | $-9.6M | $4.3M | ||
| Q2 24 | $-10.0M | $1.4M | ||
| Q1 24 | $-7.9M | $-2.4M |
| Q4 25 | $-254.0K | $2.2M | ||
| Q3 25 | $-6.3M | $-1.5M | ||
| Q2 25 | $-8.0M | $1.7M | ||
| Q1 25 | $-8.4M | $-3.5M | ||
| Q4 24 | $-5.7M | $470.0K | ||
| Q3 24 | $-10.0M | $4.1M | ||
| Q2 24 | $-10.4M | $1.2M | ||
| Q1 24 | $-8.0M | $-2.5M |
| Q4 25 | -2.0% | 12.0% | ||
| Q3 25 | -44.1% | -9.6% | ||
| Q2 25 | -64.4% | 10.5% | ||
| Q1 25 | -91.6% | -18.8% | ||
| Q4 24 | -43.2% | 1.9% | ||
| Q3 24 | -94.6% | 14.4% | ||
| Q2 24 | -83.6% | 4.5% | ||
| Q1 24 | -82.3% | -11.1% |
| Q4 25 | 3.7% | 0.5% | ||
| Q3 25 | 10.0% | 1.4% | ||
| Q2 25 | 2.4% | 1.0% | ||
| Q1 25 | 3.8% | 0.3% | ||
| Q4 24 | 6.2% | 1.6% | ||
| Q3 24 | 3.3% | 0.7% | ||
| Q2 24 | 2.8% | 1.1% | ||
| Q1 24 | 1.6% | 0.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.57× | ||
| Q2 24 | — | 4.20× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
REKR
| Urban Mobility | $8.4M | 66% |
| Public Safety | $3.8M | 30% |
| Other | $529.0K | 4% |
RMTI
| US | $15.9M | 87% |
| Non Us | $2.4M | 13% |
