Duos Technologies Group (DUOT) reported second-quarter 2026 revenue of $6.18 million, up 30% from $4.77 million a year earlier. GAAP net income was $47.84 million, or $1.58 per basic share and $1.35 per diluted share.
The company reaffirmed its expectation for more than $50 million in 2026 revenue and said all 25 MW contracted is planned for deployment during the year.
- Technology Solutions revenue was $3.23 million, Services and Consulting revenue was $2.91 million, and Hosting revenue was $32,549.
- Gross margin increased to $3.45 million from $1.78 million, while operating income was $49,093.
- Net income included a $53.17 million gain on sale of investments connected to the sale of substantially all New APR assets.
- Cash and cash equivalents totaled $112.31 million at June 30, 2026.
- Duos secured a $111 million contract with an investment-grade hyperscaler for 10 MW of critical IT-load capacity over five years.
$DUOT Hedge Fund Activity
We have seen 67 institutional investors add shares of $DUOT stock to their portfolio, and 38 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 1,567,534 shares (+1739.3%) to their portfolio in Q2 2026, for an estimated $18,810,408
- COVALIS CAPITAL LLP removed 696,999 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $8,363,988
- JANE STREET GROUP, LLC added 574,342 shares (+1476.2%) to their portfolio in Q2 2026, for an estimated $6,892,104
- GEODE CAPITAL MANAGEMENT, LLC added 476,506 shares (+300.6%) to their portfolio in Q2 2026, for an estimated $5,718,072
- REGAL PARTNERS LTD removed 439,680 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $5,276,160
- STATE STREET CORP added 365,299 shares (+552.0%) to their portfolio in Q2 2026, for an estimated $4,383,588
- MILLENNIUM MANAGEMENT LLC removed 345,454 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $4,145,448
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
