Duos Technologies swings to Q2 FY26 operating income of $49,093; revenue rises 30% to $6.18 million

Duos Technologies Q2 revenue rose 30% to $6.18 million, with operating results swinging to income of $49,093.

Net income before taxes jumped to $53.64 million, driven by a $53.17 million gain on sale of investments.

Adjusted EBITDA was $0.5 million, marking the company’s first positive operating quarter as a data center infrastructure company.

Liquidity climbed to $112.31 million in cash, reflecting growth capital raised and proceeds tied to New APR’s asset sale.

The company signed five-year 55 MW hosting agreements with Axe Compute worth over $500 million, reaffirming 2026 guidance for 25 MW deployed and revenue above $50 million.