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Financials · AIOT

PowerFleet Inc. (AIOT) financials

For the twelve months ended Sep 30, 2026, PowerFleet Inc. reported $454.49M of revenue and -$21.32M of net income.

Revenue, TTM
$454.49M
Revenue growth, YoY
+6.7%
Net income, TTM
-$21.32M
Net margin
-4.7%
Free cash flow, TTM
$3.28M
EPS, diluted, TTM
-$0.15
Cash
$26.82M
Total debt
$233.67M
P/S
0.82
Market cap
$374.5M
Annual revenue$443.78M
FY2017FY2026
Annual net income-$20.55M
FY2017FY2026
Annual free cash flow$8.84M
FY2017FY2026

AIOT revenue and earnings growth

AIOT revenueQ2 2027$115.72M

Quarter YoY
+3.6%
QoQ
+4.4%
FY YoY
+22.4%

AIOT revenue was $115.72M in fiscal Q2 2027 (ended Sep 30, 2026), up 3.6% from a year earlier and up 4.4% from the prior quarter. For the full fiscal 2026 it was $443.78M, up 22.4% from fiscal 2025. Fiscal 2026 is the highest of the 9 fiscal years on file.

AIOT net incomeQ2 2027-$6.85M

AIOT net income was -$6.85M in fiscal Q2 2027 (ended Sep 30, 2026), compared with -$4.29M a year earlier. For the full fiscal 2026 it was -$20.55M, compared with -$50.99M in fiscal 2025.

AIOT EPSQ2 2027-$0.05

AIOT diluted EPS was -$0.05 in fiscal Q2 2027 (ended Sep 30, 2026), compared with -$0.03 a year earlier. For the full fiscal 2026 it was -$0.15, compared with -$0.43 in fiscal 2025.

AIOT free cash flowQ2 2027-$11.35M

AIOT free cash flow was -$11.35M in fiscal Q2 2027 (ended Sep 30, 2026), compared with $1.18M a year earlier. For the full fiscal 2026 it was $8.84M, compared with -$23.35M in fiscal 2025. Fiscal 2026 is the highest of the 9 fiscal years on file.

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Income statement

Income statement
Line item
FY2026
Mar 31, 2026
FY2025
Mar 31, 2025
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Revenue$443.78M$362.51M$133.74M$135.91M$125.96M$113.59M$81.92M$53.06M$40.96M
Cost of revenue$197.35M$167.98M$66.66M$70.92M$66.21M$54.58M$43.55M$27.27M$20.03M
Gross profit$246.42M$194.54M$67.08M$64.99M$59.75M$59.02M$38.36M$25.80M$20.93M
Research and development$18.36M$16.06M$8.38M$8.47M$11.43M$10.60M$8.54M$6.86M$4.54M
Selling, general and admin$208.49M$204.36M$71.25M$63.49M$56.50M$51.88M$34.45M$24.67M$20.48M
Operating income$19.58M-$25.89M-$12.56M-$6.97M-$8.17M-$3.46M-$9.76M-$5.74M-$4.09M
Interest expense$27.53M$20.33M$1.60M-$994.0K$2.76M$4.47M$1.37M$173.0K$342.0K
Pre-tax income-$11.26M-$46.45M-$5.05M-$5.88M-$10.88M-$7.97M-$11.06M-$5.81M-$4.18M
Income tax$8.69M$4.52M$589.0K$870.0K$1.89M$1.04M-$75.0K-$311.0K
Net income-$20.55M-$50.99M-$5.67M-$17.31M-$12.77M-$9.01M-$10.96M-$5.81M-$3.87M
EPS, basic-$0.15-$0.43-$0.49-$0.49-$0.64-$0.46-$0.59-$0.34-$0.26
EPS, diluted-$0.15-$0.43-$0.49-$0.49-$0.64-$0.46-$0.59-$0.34-$0.26
Diluted shares133.8M119.9M35.6M35.6M34,57129.7M20.5M17.2M15.0M

Balance sheet

Balance sheet
Line item
FY2026
Mar 31, 2026
FY2025
Mar 31, 2025
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Cash and equivalents$36.50M$44.39M$19.02M$17.68M$26.45M$18.13M$16.39M$10.16M$5.10M
Short-term investments-------$394.0K-
Receivables$93.82M$78.62M$32.44M$32.65M$32.09M$24.15M$27.02M$9.25M-
Inventory$22.45M$18.35M$22.60M$22.27M$18.24M$12.87M$16.38M$4.65M-
Current assets$179.18M$169.08M$82.03M$81.21M$87.91M$64.77M$71.19M$32.66M-
Goodwill$412.00M$383.15M$83.49M$83.49M$83.49M$83.34M$89.07M$7.32M-
Total assets$955.57M$910.07M$218.09M$218.06M$229.87M$219.56M$223.03M$57.80M-
Current liabilities$157.95M$151.01M$58.56M$44.53M$44.29M$35.90M$43.40M$16.88M-
Short-term debt$6.28M$4.84M$11.06M$4.60M$6.11M$5.30M$2.69M--
Long-term debt$229.67M$232.16M-$11.40M$18.11M$23.18M$26.52M--
Total debt$235.95M$237.00M-$16.01M$24.22M$28.48M$29.20M--
Total liabilities$473.95M$463.33M$80.17M$77.04M$85.01M$88.28M$91.46M$26.27M-
Shareholders' equity$475.49M$446.74M$57.64M$68.98M$83.35M$74.44M$84.18M$31.53M$32.97M

Cash flow

Cash flow
Line item
FY2026
Mar 31, 2026
FY2025
Mar 31, 2025
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Operating cash flow$30.46M-$3.35M$4.40M$1.25M-$5.39M$8.85M-$7.27M-$1.70M$3.92M
Capital expenditures$21.62M$20.01M$3.46M$4.01M$2.40M$3.18M$1.04M$251.0K$386.0K
Free cash flow$8.84M-$23.35M$933.0K-$2.76M-$7.79M$5.66M-$8.31M-$1.95M$3.53M
Investing cash flow-$39.75M-$170.60M$1.53M-$6.33M-$3.03M-$3.30M-$65.48M$6.60M-$17.73M
Financing cash flow$151.0K$115.72M-$3.71M-$282.0K$16.21M-$3.95M$78.64M$69.0K$14.35M
Share repurchases$0$2.84M$141.0K$211.0K--$317.0K$652.0K-
Stock-based compensation$7.54M$9.36M$3.91M$4.34M$4.68M$4.26M$3.79M$2.16M$2.44M
Depreciation and amortization$60.28M$47.49M$9.45M$8.26M$8.55M$8.43M$3.35M$1.56M$1.13M

Key ratios

Key ratios
Line item
FY2026
Mar 31, 2026
FY2025
Mar 31, 2025
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Revenue growth, YoY22.4%--1.6%7.9%10.9%38.7%54.4%29.6%-
Gross margin55.5%53.7%50.2%47.8%47.4%52.0%46.8%48.6%51.1%
Operating margin4.4%-7.1%-9.4%-5.1%-6.5%-3.0%-11.9%-10.8%-10.0%
Net margin-4.6%-14.1%-4.2%-12.7%-10.1%-7.9%-13.4%-11.0%-9.4%
Free cash flow margin2.0%-6.4%0.7%-2.0%-6.2%5.0%-10.1%-3.7%8.6%
Return on equity-4.3%-11.4%-9.8%-25.1%-15.3%-12.1%-13.0%-18.4%-11.7%
Return on assets-2.2%-5.6%-2.6%-7.9%-5.6%-4.1%-4.9%-10.1%-
Current ratio1.131.121.401.821.981.801.641.94-
Debt to equity0.500.53-0.230.290.380.35--

Source: XBRL data PowerFleet Inc. files with the SEC, latest filing dated Nov 9, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

AIOT peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
AIOT$454.49M+6.7%-$21.32M-4.7%$374.5M
VZ$139.39B+1.4%$16.42B11.8%$190.90B
TMUS$93.82B+9.3%$11.30B12.0%$178.71B
T$128.85B+3.5%$13.13B10.2%$146.82B
GLW$17.72B+18.8%$2.24B12.6%$99.88B
AMXMXN 943.64B+8.6%MXN 82.82B8.8%$78.39B
LITE$3.74B+103.2%-$6.58B-175.8%$54.07B
CIEN$6.02B+32.6%$654.41M10.9%$38.19B
CHTNT$236.11B+2.7%NT$38.70B16.4%$37.90B

AIOT FAQ

9 questions
  • What is AIOT revenue?
    PowerFleet Inc. (AIOT) reported $454.49M of revenue for the twelve months ended Sep 30, 2026. That is up 6.7% from the year before. Revenue for fiscal 2026 was $443.78M.
  • Is AIOT profitable?
    No. PowerFleet Inc. reported a net loss of $21.32M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does AIOT have?
    PowerFleet Inc. reported $26.82M in cash and cash equivalents and $233.67M of debt on its most recent balance sheet in SEC filings.
  • How fast is AIOT revenue growing?
    PowerFleet Inc.'s revenue changed +22.4% in fiscal 2026, to $443.78M.
  • What is AIOT gross margin?
    PowerFleet Inc.'s gross profit was $250.34M on $454.49M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 55.1%.
  • What is AIOT free cash flow?
    PowerFleet Inc. generated $3.28M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $25.06M less capital expenditures.
  • What is AIOT earnings per share?
    Diluted earnings per share were -$0.15 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did AIOT last report financial results?
    The latest statements here come from PowerFleet Inc.'s 10-Q filed on Nov 9, 2026, covering the period ended Sep 30, 2026.
  • Where does this AIOT financial data come from?
    Quantisnow builds these statements from the structured XBRL data PowerFleet Inc. files with the SEC. It is provided for information only and is not investment advice.