Forensic Analysis · Technology / Software · as of Jun 28, 2026
DUOS TECHNOLOGIES GROUP, INC. (DUOT)
A forensic read on DUOS TECHNOLOGIES GROUP, INC. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Distress
Financial health
-0.7
Altman Z-score
Watch
Earnings quality
5
Forensic signals
-21.5%
ROE
$337M
Market cap
DUOS TECHNOLOGIES GROUP, INC. earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is -0.7, placing it in the Distress zone. 5 forensic signals were flagged in its latest SEC filings, led by accruals ratio.
What the filings flag
+182.2%Accruals ratio.Net operating assets grew +182.2% relative to their average in FY2025 — the accrual component of earnings. Accruals are building sharply — a large slice of profit sits in operating assets, not cash; Richardson/Sloan link high accruals to weaker future returns as they reverse. The cash-flow cross-check agrees: reported earnings ran ahead of operating cash by +15% of net operating assets.
-15%Return on invested capital.Return on invested capital is -15% and rising from -63% — well below its ~10% cost of capital, so reinvested dollars may be destroying value, not building it.
+49.1%/yrShare-count dilution.Diluted share count changed +147% over the last 3 years to FY2025 (+49.1%/yr). A reversal: the count shrank earlier (net -7.5%/yr since FY2015) but the company has SWUNG to issuing stock — recent holders are now being diluted, not rewarded. That's ~49.1% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~147%.
10d DSOReceivables vs revenue.Days sales outstanding moved from 5 to 10 days FY2024→FY2025 (receivables +570% vs revenue +271%). Receivables are creeping up relative to sales — watch the trend.
15% of revStock-based comp load.Stock-based compensation ran 15% of revenue in FY2025 — about $0.27 per diluted share. Meaningful — reported free cash flow flatters the economics, since SBC is a real cost paid in shares.
Key fundamentals
Net Margin-36.4%
Debt / Equity0.00x
Free Cash Flow$-37.4M
Latest Revenue$27.0M
Return on Equity-20.3%
Revenue Growth YoY+271.2%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on DUOS TECHNOLOGIES GROUP, INC.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about DUOT's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown