Duos Q1 revenue down 45% to $2.72M, net loss $3.49M; reaffirms FY2026 $50M target on $176M Hydra Host contract

DUOS TECHNOLOGIES GROUP, INC.

2026-Q1 EPS reported -$0.15 vs consensus -$0.03 ▼ miss (-390.2%)

Q1 2026 revenue $2.72M vs $4.95M YoY; net loss $3.49M vs $2.08M loss in Q1 2025.
Adjusted EBITDA negative ($1.5 million); company expects positive adjusted EBITDA in H2 2026.
Reaffirms FY2026 revenue target above $50M, supported by $176M GPUaaS contract with Hydra Host (36-month term, margins >80%).
Completed $65M capital raise in March; cash $33M plus $15M customer prepayment received post-quarter.
Planned divestiture of legacy rail inspection business expected to finalize in H2 2026; 8 new Technology Solutions customers added.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DUOS TECHNOLOGIES GROUP, INC. reported first quarter ended March 31, 2026 results: revenue $2.72 million, net income $3.49 million, EPS $0.15. Guidance reaffirmed.

Period: first quarter ended March 31, 2026
Revenue: $2.72 million
Net income: $3.49 million
EPS: $0.15
Guidance: reaffirmed
Result: reported results

Exact text from the filing

its subsidiaries Duos Technologies, Duos Edge AI, Inc., Duos Technology Solutions, Inc. and Duos Energy Corporation (“Duos Energy”). Total revenues for Q1 2026 decreased 45% to $2.72 million compared to $4.95 million in the first quarter of 2025 (“Q1 2025”). Total revenue for Q1 2026 represents an aggregate of approximately $44,000 of Technology Systems revenue,

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Source: SEC EDGAR

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