Duos Technologies Group
DUOT on Nasdaq. Prepackaged software. Market value $289m.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Technology stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $-12.88 of spare cash last year. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 40 of 100. Price score: 33 of 100. Our list needs 70 on quality and 60 on price.
$9.23 a share, 50% above its 1-year low
Over the past year the price has ranged from $6.17 to $15.28.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $8m | $15m | $7m | $7m | $27m |
| Operating margin | |||||
| Operating margin | -90.3% | -45.7% | -153.2% | -150.9% | -36.1% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.01bn | 0.01bn | 0.01bn | 0.02bn | 0.03bn |
Health checks
- Free cash flow positive0 of 5 years
- Accounting checksSkipped: company is not yet profitable
- DebtUnknown
- Revenue growth, five yearsStrong, 27.4% a year
- Buying back its own sharesNo, 341% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $6 million last quarter, up 30% on a year ago.
- Profit: $48 million, after a loss of $4 million a year ago.
- 200% more shares than a year ago. Each share owns a bit less of the company.
- Sales grew on a year ago in 3 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $3m |
| December 2024 | $1m |
| March 2025 | $5m |
| June 2025 | $5m |
| September 2025 | $7m |
| December 2025 | $9m |
| March 2026 | $3m |
| June 2026 | $6m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$1m |
| December 2024 | -$3m |
| March 2025 | -$2m |
| June 2025 | -$4m |
| September 2025 | -$1m |
| December 2025 | -$3m |
| March 2026 | -$3m |
| June 2026 | $48m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 31 March 2026
- Next quarterly (estimated, 10-Q)
- 18 November 2026
Who owns it
None of the long-term investors we follow own it. 97 funds in all.
Largest holders overall
- Alyeska Investment Group, L.P.$24mAdded
- BlackRock$20mAdded
- Bleichroeder LP$20m
- Royal Bank of Canada$16m
- Northern Right Capital Management, L.P.$15mAdded
- Morgan Stanley$14mAdded
- Vanguard Capital Management$14mAdded
- Shay Capital$11mAdded
- Geode Capital Management$8mAdded
- Jane Street Group$7mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
4 investors own more than 5%.
- Bleichroeder LPPassive investorat least 18.5%−1.5 pts(filed with 2 related holders)Since 30 June 2026
- Alyeska Investment Group, L.P.Passive investorat least 10.0%+3.5 pts(filed with 2 related holders)Since 30 June 2026
- BlackRock, Inc.Passive investor5.3%Since 30 June 2026
- Shay Capital LLCPassive investorat least 5.0%(filed with 1 related holder)Since 8 May 2026
- LYTTON LAURENCE WPassive investorSold down below 5%Since 31 January 2024
- Bard Associates, Inc.Passive investorSold down below 5%Since 22 November 2024
| Holder | Stake | Since | |
|---|---|---|---|
Bleichroeder LP Passive investor | at least 18.5%−1.5 pts (filed with 2 related holders) | 30 June 2026 | |
Alyeska Investment Group, L.P. Passive investor | at least 10.0%+3.5 pts (filed with 2 related holders) | 30 June 2026 | |
BlackRock, Inc. Passive investor | 5.3% | 30 June 2026 | |
Shay Capital LLC Passive investor | at least 5.0% (filed with 1 related holder) | 8 May 2026 | |
LYTTON LAURENCE W Passive investor | Sold down below 5% | 31 January 2024 | |
Bard Associates, Inc. Passive investor | Sold down below 5% | 22 November 2024 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 2 insiders bought $133,844 of shares on the open market.
- Recker Frank DouglasChief Executive Officer, DirectorBought
- Date
- 22 September 2026
- Shares
- 9,250
- Price
- $9.14
- Value
- $84,557
- Nixon James CraigDirectorBought
- Date
- 18 September 2026
- Shares
- 5,764
- Price
- $8.55
- Value
- $49,287
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 22 September 2026 | Recker Frank Douglas Chief Executive Officer, Director | Bought | 9,250 | $9.14 | $84,557 |
| 18 September 2026 | Nixon James Craig Director | Bought | 5,764 | $8.55 | $49,287 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the serious warning signs we check for were found. 1 thing worth knowing.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 31 Mar 2026, plus the 10-Q filed 19 Aug 2026 and 17 later 8-Ks.
One big customer
Worth knowingOne customer brings in a big share of sales: 69% last year. Losing that customer would hurt.
“For the year ended December 31, 2025, two customers accounted for 69% (related party) and 13% (related party) of revenues.”
From the 10-K filed 31 March 2026, Item 1A. Risk Factors. Read it in the filing
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.