Duos Technologies Group, Inc. (DUOT) Income Statement
DUOT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsDUOT revenue and net income
Where DUOT's revenue goes
2025Each bar shows an amount and its share of revenue. DUOT kept −36.4% of revenue as net income.
DUOT profit margins
DUOT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +271.2% | +21.6% | +27.4% | +14.8% |
| Gross profit | +1,586.6% | +18.6% | +101.9% | +8.3% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
DUOT quarterly EPS vs estimates
Duos Technologies beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 11, 2026 (estimate $-0.01).
DUOT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27.0M | $7.3M | $7.5M | $15.0M | $8.3M | $8.0M | $13.6M | $12.0M | $3.9M | $6.1M |
| Cost of revenue | $19.1M | $6.8M | $6.2M | $10.3M | $6.2M | $7.8M | $7.2M | $6.8M | $2.3M | $2.7M |
| Gross profit | $7.9M | $469,215 | $1.3M | $4.7M | $2.0M | $235,836 | $6.5M | $5.2M | $1.6M | $3.4M |
| Research & development | $846,850 | $1.5M | $1.8M | $1.7M | $2.5M | $102,219 | $1.5M | $488,694 | $310,099 | $271,950 |
| Sales, general & admin | $16.8M | $9.9M | $10.9M | $10.0M | $7.0M | $6.8M | $7.4M | $6.3M | $4.7M | $4.8M |
| Total operating expenses | $17.6M | $11.5M | $12.8M | $11.6M | $9.5M | $6.9M | $8.9M | $6.8M | $5.0M | $5.1M |
| Operating income | −$9.8M | −$11.0M | −$11.4M | −$6.9M | −$7.5M | −$6.6M | −$2.4M | −$1.6M | −$3.4M | −$1.7M |
| Interest income | $455,407 | $37,224 | — | — | — | — | $69,320 | $17,180 | $1.8M | $825,270 |
| Interest expense | $439,261 | $286,114 | $7,159 | $9,191 | $20,268 | $150,137 | $69,322 | $17,180 | $4.5M | $561,174 |
| Income before taxes | −$9.8M | −$10.8M | −$11.2M | −$6.9M | −$6.0M | −$6.7M | −$2.5M | −$1.6M | −$5.2M | −$2.6M |
| Income taxes | — | −$10.8M | $3 | −$9,556 | $962,758 | $187,267 | $74,284 | $6,197 | $4.5M | $568,940 |
| Net income | −$9.8M | −$10.8M | −$11.2M | −$6.9M | −$6.0M | −$6.7M | −$2.5M | −$1.6M | −$5.2M | −$2.6M |
| EBITDA | −$6.7M | −$7.9M | −$10.4M | −$6.3M | −$5.5M | −$6.1M | −$2.0M | −$1.5M | −$585,157 | −$2.0M |
| EPS (diluted) | −$0.69 | −$1.40 | −$1.57 | −$1.11 | −$1.68 | −$2.11 | −$1.39 | −$2.12 | −$1248.61 | −$18.93 |
| Gross margin | 29.3% | 6.4% | 17.5% | 31.6% | 24.7% | 2.9% | 47.5% | 43.2% | 40.9% | 55.2% |
| Operating margin | −36.1% | −150.9% | −153.2% | −45.7% | −90.3% | −82.5% | −17.6% | −13.0% | −88.6% | −28.6% |
| Net margin | −36.4% | −147.8% | −150.5% | −45.7% | −72.7% | −83.9% | −18.1% | −13.1% | −132.6% | −42.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.2M | $6.2M | $9.5M | $6.9M | $5.7M | $5.0M | $1.5M | $3.2M | $1.5M | $1.1M | $1.5M | $1.5M |
| Cost of revenue | $2.7M | $2.7M | $6.9M | $4.4M | $4.2M | $3.6M | $1.8M | $2.3M | $1.7M | $976,048 | $1.2M | $1.3M |
| Gross profit | $3.4M | $3.4M | $2.5M | $2.5M | $1.5M | $1.3M | −$329,952 | $919,099 | −$214,564 | $94,632 | $303,784 | $226,588 |
| Research & development | — | $0 | $0 | $115,080 | $307,339 | $424,431 | $362,638 | $396,610 | $390,000 | $382,142 | $420,259 | $450,006 |
| Sales, general & admin | $3.4M | $3.4M | $5.9M | $3.5M | $4.7M | $2.7M | $2.4M | $2.4M | $2.6M | $2.5M | $3.1M | $2.7M |
| Total operating expenses | $6.1M | $3.4M | $5.9M | $3.6M | $5.0M | $3.1M | $2.8M | $2.8M | $3.0M | $2.9M | $4.7M | $3.2M |
| Operating income | $49,093 | $49,093 | −$3.4M | −$1.1M | −$3.4M | −$1.8M | −$3.1M | −$1.9M | −$3.2M | −$2.8M | −$3.2M | −$3.0M |
| Interest income | $416,815 | $86,999 | $210,280 | $204,272 | $1,247 | $32,728 | — | $7,130 | $0 | — | — | — |
| Interest expense | $121 | $121 | $1 | $29,334 | $87,349 | $322,577 | $168,123 | $116,396 | $1,150 | $445 | $1,343 | $1,406 |
| Income before taxes | $53.6M | $53.6M | −$3.2M | −$1.0M | −$3.5M | −$2.1M | −$3.4M | −$1.4M | −$3.2M | −$2.8M | −$3.2M | −$2.9M |
| Income taxes | — | $5.0M | — | — | — | — | −$4 | — | −$1 | $4 | — | $26,053 |
| Net income | $47.8M | $47.8M | −$3.2M | −$1.0M | −$3.5M | −$2.1M | −$3.4M | −$1.4M | −$3.2M | −$2.8M | −$3.2M | −$2.9M |
| EBITDA | $53.6M | $97,418 | −$2.9M | −$380,204 | −$2.5M | −$877,925 | −$2.4M | −$338,453 | −$2.7M | −$2.5M | — | −$2.7M |
| EPS (diluted) | −$0.13 | −$0.15 | −$0.15 | −$0.06 | −$0.30 | −$0.18 | −$0.41 | −$0.18 | −$0.43 | −$0.38 | −$0.44 | −$0.41 |
| Gross margin | 55.8% | 55.8% | 26.7% | 36.6% | 26.5% | 26.5% | −22.6% | 28.4% | −14.2% | 8.8% | 19.9% | 14.8% |
| Operating margin | 0.8% | 0.8% | −36.1% | −16.2% | −60.0% | −36.1% | −211.2% | −59.3% | −212.9% | −257.9% | −208.4% | −194.1% |
| Net margin | 774.8% | 774.8% | −33.8% | −15.1% | −61.3% | −42.0% | −233.2% | −43.3% | −212.1% | −257.1% | −207.1% | −192.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in DUOT's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
DUOT financial results
In fiscal year 2025 (ended December 31, 2025), Duos Technologies reported revenue of $27.0 million, up 271.2% from the year before. It had a net loss of $9.8 million, a net profit margin of −36.4%. Diluted earnings per share came to −$0.69. Over five years revenue grew at an average rate of 27.4% a year.
See the DUOT stock overview for the latest quote and news, or the DUOT chart for price history and technical indicators.
DUOT income statement FAQ
What is Duos Technologies's annual revenue?
Duos Technologies reported total revenue of $27.0 million for fiscal year 2025, which ended on December 31, 2025. That was up 271.2% from $7.3 million the previous year.
Is Duos Technologies profitable?
No. Duos Technologies reported a net loss of $9.8 million in fiscal 2025, a net profit margin of −36.4%; its operating margin was −36.1%.
What is Duos Technologies's gross margin?
Duos Technologies's gross margin was 29.3% in fiscal 2025: for every $100 of revenue, Duos Technologies kept $29 after the direct cost of its products and services.
How much does Duos Technologies spend on research and development?
Duos Technologies spent $0.8 million on research and development in fiscal 2025, 3.1% of revenue.
How fast is Duos Technologies growing?
Revenue grew 27.4% a year on average over the last five fiscal years, from $8.0 million to $27.0 million.
What are Duos Technologies's earnings per share?
Duos Technologies earned $-0.69 per diluted share in fiscal 2025, compared with $-1.40 a year earlier.
When will Duos Technologies report its next earnings?
Duos Technologies is expected to report results for the quarter ending September 30, 2026 on November 11, 2026.
When does Duos Technologies's fiscal year end?
Duos Technologies's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.