| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 2.72 | 45.0% |
| Total Income | 2.72 | 45.0% |
| Expenditure | 6.35 | 5.8% |
| PBT | -3.49 | |
| Net Profit | -3.49 | 67.8% |
| OPM | — | |
| NPM | — | |
| EPS | -0.15 | 16.7% |
Duos Technologies Reports Q1 2026 Results; Targets $50 Million Revenue
20 May 2026 · 20 May, 2:06 am
Summary
Duos Technologies Group, Inc. reported its Q1 2026 financial results, showing a decrease in total revenues to $2.72 million compared to $4.95 million in the same quarter of the previous year. The decrease was primarily driven by the planned ramp-down from the Duos Energy and New APR Asset Management Agreement. However, gross margin improved to $1.61 million. The company secured a significant $176 million GPUaaS contract with Hydra Host and completed a $65 million capital raise. Duos is reconfirming its expectation for total revenue in 2026 to exceed $50 million, with a significant portion expected in the second half of the year.
Key Highlights
- 1
Duos Technologies reported a 45% decrease in total revenues for Q1 2026, amounting to $2.72 million compared to $4.95 million in Q1 2025.
- 2
Gross margin for Q1 2026 increased by 23% to $1.61 million, compared to $1.31 million for Q1 2025.
- 3
The company completed a $65 million capital raise in March 2026, strengthening its balance sheet.
- 4
Duos secured a $176 million GPUaaS contract with Hydra Host in March 2026, expecting $26 million in revenues in the second half of 2026.
- 5
The company has 10 MW contracted with 15 MW planned for deployment in 2026.
- 6
Net loss for Q1 2026 totaled $3.49 million, compared to a net loss of $2.08 million for Q1 2025.
- 7
Duos Technology Solutions added 8 new customers and approximately $14 million backlog for 2026.
Management Comments
Doug Recker
We entered the year with significant momentum and a clear path to scale our diversified AI infrastructure platform. We are now entering the execution phase on several significant projects, most notably our $200 million strategic partnership with Hydra Host, which is slated to come online in the second half and has us well positioned to achieve our $50 million target for 2026. During the quarter, we also made meaningful commercial progress across all business lines, including our edge and high-power EDC solutions as well as our GPUaaS and Technology Solutions divisions, providing us with an increased pipeline and greater revenue visibility as we ramp in the coming quarters. Looking ahead, our ability to provide secured power via several different form factors, combined with our rapid deployment capabilities and key strategic partnerships, has us well positioned to meet outsized demand across the spectrum of AI infrastructure.
Leah Brown
This has been an encouraging and productive start to 2026 for Duos. The first quarter included several landmark announcements, strategic financing, strong backlog growth, strategic investment, and meaningful progress toward building a stronger, more scalable company.
Informational and educational content only. Not investment advice.