NASDAQ : AIOT
PowerFleet, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 2.89 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 381.59M
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Financial statements
PowerFleet, Inc. (AIOT) reported revenue of 450.45M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 450.45M | 443.78M | 362.51M | 134.62M | 133.74M | 135.91M |
| Cost of Revenue | 199.35M | 197.35M | 167.98M | 67.92M | 66.66M | 70.92M |
| Gross Profit | 251.10M | 246.42M | 194.54M | 66.71M | 67.08M | 64.99M |
| Selling, General & Admin | 203.06M | 197.98M | 168.13M | 65.35M | 65.40M | 63.49M |
| Research & Development | 17.86M | 18.36M | 16.06M | 8.68M | 8.38M | 8.47M |
| Operating Expenses | 220.92M | 216.34M | 184.19M | 74.02M | 73.78M | 71.96M |
| Operating Income | 30.18M | 30.08M | 10.34M | -7.32M | -6.71M | -6.97M |
| Interest Expense | -27.72M | -27.53M | -20.33M | -2.17M | -1.60M | |
| Interest & Investment Income | 818.00K | 780.00K | 926.00K | 338.00K | 103.00K | 1.06M |
| Other Non Operating Income (Expenses) | -3.25M | -4.09M | -1.16M | -88.00K | -29.00K | 24.00K |
| EBT Excluding Unusual Items | 32.00K | -751.00K | -10.22M | -9.24M | -8.23M | -5.88M |
| Merger & Restructuring Charges | -8.30M | -10.51M | -36.23M | -10.80M | -5.85M | |
| Other Unusual Items | 1.80M | 9.03M | ||||
| Pretax Income | -8.27M | -11.26M | -46.45M | -18.24M | -5.05M | -5.88M |
| Income Tax Expense | 9.70M | 8.69M | 4.52M | 549.00K | 589.00K | 870.00K |
| Earnings From Continuing Operations | -17.97M | -19.94M | -50.97M | -18.79M | -5.64M | -6.75M |
| Minority Interest in Earnings | -791.00K | -608.00K | -18.00K | -49.00K | -35.00K | -2.00K |
| Net Income | -18.76M | -20.55M | -50.99M | -18.84M | -5.67M | -6.75M |
| Preferred Dividends & Other Adjustments | 25.00K | 19.99M | 11.63M | 10.14M | ||
| Net Income to Common | -18.76M | -20.55M | -51.01M | -38.83M | -17.31M | -16.89M |
| Shares Outstanding (Basic) | 133.97M | 133.76M | 119.88M | 35.69M | 35.63M | 35.39M |
| Shares Outstanding (Diluted) | 133.97M | 133.76M | 119.88M | 35.69M | 35.63M | 35.39M |
| EPS (Basic) | -0.14 | -0.15 | -0.43 | -1.09 | -0.49 | -0.48 |
| EPS (Diluted) | -0.14 | -0.15 | -0.43 | -1.09 | -0.49 | -0.48 |
| Free Cash Flow | 15.81M | 8.84M | -23.35M | -1.24M | 933.00K | -2.76M |
| Free Cash Flow Per Share | 0.12 | 0.07 | -0.20 | -0.04 | 0.03 | -0.08 |
| Gross Margin | 55.74% | 55.53% | 53.66% | 49.55% | 50.16% | 47.82% |
| Operating Margin | 6.70% | 6.78% | 2.85% | -5.43% | -5.01% | -5.13% |
| Profit Margin | -4.16% | -4.63% | -14.07% | -28.84% | -12.94% | -12.43% |
| Free Cash Flow Margin | 3.51% | 1.99% | -6.44% | -0.92% | 0.70% | -2.03% |
| EBITDA | 86.05M | 85.77M | 52.10M | 1.44M | 2.13M | 1.11M |
| EBITDA Margin | 19.10% | 19.33% | 14.37% | 1.07% | 1.60% | 0.82% |
| D&A For EBITDA | 55.87M | 55.69M | 41.76M | 8.76M | 8.84M | 8.08M |
| EBIT | 30.18M | 30.08M | 10.34M | -7.32M | -6.71M | -6.97M |
| EBIT Margin | 6.70% | 6.78% | 2.85% | -5.43% | -5.01% | -5.13% |
| Revenue as Reported | 450.45M | 443.78M | 362.51M | 134.62M | 133.74M | 135.91M |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 32.82M | 36.50M | 44.39M | 24.35M | 19.02M | 17.68M |
| Cash & Short-Term Investments | 32.82M | 36.50M | 44.39M | 24.35M | 19.02M | 17.68M |
| Accounts Receivable | 95.69M | 99.67M | 84.77M | 32.59M | 34.71M | 34.86M |
| Other Receivables | 9.42M | 6.90M | 7.88M | 125.00K | ||
| Receivables | 105.11M | 106.56M | 92.65M | 32.72M | 34.71M | 34.86M |
| Inventory | 21.64M | 22.45M | 18.35M | 21.66M | 22.60M | 22.27M |
| Prepaid Expenses | 9.06M | 8.87M | 9.04M | 2.82M | 3.90M | 3.95M |
| Restricted Cash | 3.90M | 4.32M | 4.40M | 85.31M | 310.00K | 309.00K |
| Other Current Assets | 971.00K | 485.00K | 253.00K | 2.93M | 1.48M | 2.13M |
| Total Current Assets | 173.51M | 179.18M | 169.08M | 169.79M | 82.03M | 81.21M |
| Property, Plant & Equipment | 79.99M | 78.29M | 70.35M | 20.15M | 18.58M | 17.07M |
| Goodwill | 421.06M | 412.00M | 383.15M | 83.49M | 83.49M | 83.49M |
| Other Intangible Assets | 253.93M | 255.52M | 258.58M | 19.65M | 20.07M | 22.91M |
| Long-Term Deferred Tax Assets | 5.07M | 4.54M | 3.93M | 2.78M | 3.21M | 3.31M |
| Long-Term Deferred Charges | 14.18M | 12.43M | 11.89M | 2.63M | ||
| Other Long-Term Assets | 14.83M | 13.61M | 13.09M | 10.19M | 10.72M | 10.08M |
| Total Assets | 962.56M | 955.57M | 910.07M | 308.68M | 218.09M | 218.06M |
| Accounts Payable | 44.45M | 46.35M | 41.60M | 20.02M | 19.23M | 14.70M |
| Accrued Expenses | 35.23M | 33.42M | 34.81M | 12.02M | 9.52M | 9.14M |
| Short-Term Debt | 42.41M | 44.07M | 36.79M | 10.03M | 5.71M | |
| Current Portion of Long-Term Debt | 6.68M | 6.28M | 4.84M | 1.95M | 11.06M | 4.60M |
| Current Portion of Leases | 3.65M | 3.39M | 5.08M | 1.79M | 1.50M | 2.44M |
| Current Unearned Revenue | 20.86M | 20.16M | 17.38M | 5.84M | 5.67M | 6.38M |
| Other Current Liabilities | 4.74M | 4.28M | 10.52M | 1.97M | 1.54M | 1.55M |
| Total Current Liabilities | 158.02M | 157.95M | 151.01M | 43.59M | 58.56M | 44.53M |
| Long-Term Debt | 229.30M | 229.67M | 232.16M | 113.81M | 11.40M | |
| Long-Term Leases | 13.58M | 13.51M | 8.19M | 5.92M | 4.91M | 5.63M |
| Long-Term Unearned Revenue | 3.50M | 4.00M | 5.20M | 4.89M | 4.96M | 4.43M |
| Long-Term Deferred Tax Liabilities | 60.84M | 60.06M | 57.71M | 4.46M | 4.79M | 4.90M |
| Other Long-Term Liabilities | 8.43M | 8.76M | 9.06M | 7.09M | 6.96M | 6.15M |
| Total Liabilities | 473.67M | 473.95M | 463.33M | 179.77M | 80.17M | 77.04M |
| Common Stock | 1.34M | 1.34M | 1.34M | 387.00K | 387.00K | 376.00K |
| Additional Paid-In Capital | 685.45M | 682.34M | 671.40M | 202.61M | 212.70M | 219.06M |
| Retained Earnings | -234.78M | -226.34M | -205.78M | -154.80M | -146.28M | -140.81M |
| Treasury Stock | -11.52M | -11.52M | -11.52M | -8.68M | -8.65M | -8.51M |
| Comprehensive Income & Other | 42.09M | 29.66M | -8.85M | -985.00K | -616.00K | -1.21M |
| Total Common Equity | 482.59M | 475.49M | 446.59M | 38.53M | 57.54M | 68.91M |
| Minority Interest | 6.30M | 6.12M | 150.00K | 105.00K | 102.00K | 78.00K |
| Shareholders' Equity | 488.89M | 481.62M | 446.74M | 128.91M | 137.92M | 141.01M |
| Total Liabilities & Equity | 962.56M | 955.57M | 910.07M | 308.68M | 218.09M | 218.06M |
| Total Debt | 295.61M | 296.92M | 287.06M | 123.47M | 27.50M | 29.78M |
| Net Cash (Debt) | -262.79M | -260.42M | -242.67M | -99.12M | -8.48M | -12.10M |
| Net Cash Per Share | -1.96 | -1.95 | -2.02 | -2.78 | -0.24 | -0.34 |
| Filing Date Shares Outstanding | 132.24M | 132.20M | 133.32M | 107.52M | 105.98M | 35.46M |
| Total Common Shares Outstanding | 132.24M | 132.17M | 133.26M | 35.84M | 35.73M | 35.46M |
| Working Capital | 15.49M | 21.23M | 18.07M | 126.20M | 23.47M | 36.68M |
| Book Value Per Share | 3.65 | 3.60 | 3.35 | 1.08 | 1.61 | 1.94 |
| Tangible Book Value | -192.41M | -192.02M | -195.14M | -64.61M | -46.02M | -37.49M |
| Tangible Book Value Per Share | -1.45 | -1.45 | -1.46 | -1.80 | -1.29 | -1.06 |
| Machinery | 13.72M | 12.88M | 9.62M | 8.54M | 8.70M | 7.70M |
| Construction In Progress | 23.00K | 107.00K | 7.00K | |||
| Leasehold Improvements | 729.00K | 650.00K | 1.46M | 1.50M | 1.42M | 1.42M |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -18.76M | -20.55M | -50.99M | -18.84M | -5.67M | -6.75M |
| Depreciation & Amortization | 61.17M | 59.79M | 41.76M | 9.46M | 11.64M | 8.08M |
| Other Amortization | 4.59M | 4.59M | 5.73M | 339.00K | 605.00K | 179.00K |
| Stock-Based Compensation | 8.79M | 7.54M | 10.25M | 4.10M | 3.91M | 4.34M |
| Provision & Write-off of Bad Debts | 12.09M | 10.99M | 9.42M | 2.31M | 1.77M | 66.00K |
| Other Operating Activities | -3.33M | -2.61M | 5.47M | 1.64M | -7.42M | 4.32M |
| Change in Accounts Receivable | -17.95M | -21.23M | -14.05M | -1.54M | -1.46M | -1.37M |
| Change in Inventory | 994.00K | -4.46M | 5.73M | -780.00K | -1.74M | -4.47M |
| Change in Accounts Payable | -3.69M | 5.23M | -12.16M | 8.79M | 4.44M | -533.00K |
| Change in Unearned Revenue | 2.11M | 1.62M | 1.75M | -180.00K | -295.00K | -627.00K |
| Change in Other Net Operating Assets | -12.63M | -11.05M | -6.27M | -2.92M | -1.40M | -1.99M |
| Operating Cash Flow | 34.18M | 30.46M | -3.35M | 2.43M | 4.40M | 1.25M |
| Capital Expenditures | -18.38M | -21.62M | -20.01M | -3.67M | -3.46M | -4.01M |
| Sale of Property, Plant & Equipment | 125.00K | 140.00K | 12.00K | |||
| Cash Acquisitions | 55.00K | 55.00K | -137.11M | 8.72M | ||
| Sale (Purchase) of Intangibles | -18.91M | -18.53M | -13.78M | -3.54M | -3.63M | -2.22M |
| Investment in Securities | -100.00K | -100.00K | ||||
| Investing Cash Flow | -36.90M | -39.75M | -170.60M | -7.21M | 1.53M | -6.33M |
| Short-Term Debt Issued | 5.72M | 19.55M | 4.32M | 5.71M | ||
| Long-Term Debt Issued | 125.00M | |||||
| Total Debt Issued | 5.72M | 5.72M | 144.55M | 119.32M | 4.32M | 5.71M |
| Long-Term Debt Repaid | -5.60M | -2.64M | -4.54M | -5.78M | ||
| Total Debt Repaid | -2.97M | -5.60M | -2.64M | -24.27M | -4.54M | -5.78M |
| Net Debt Issued (Repaid) | 2.75M | 112.00K | 141.91M | 95.05M | -216.00K | -71.00K |
| Issuance of Common Stock | 39.00K | 39.00K | 68.36M | 36.00K | 36.00K | |
| Repurchase of Common Stock | -2.84M | -128.00K | -141.00K | -211.00K | ||
| Preferred Dividends Paid | -90.30M | -3.38M | -3.38M | |||
| Dividends Paid | -90.30M | -3.38M | -3.38M | |||
| Other Financing Activities | -1.41M | -1.08M | ||||
| Financing Cash Flow | 2.78M | 151.00K | 115.72M | 90.49M | -3.71M | -282.00K |
| Foreign Exchange Rate Adjustments | 1.01M | 1.17M | -2.66M | -1.14M | -877.00K | -3.41M |
| Net Cash Flow | 1.08M | -7.97M | -60.88M | 84.58M | 1.34M | -8.77M |
| Free Cash Flow | 15.81M | 8.84M | -23.35M | -1.24M | 933.00K | -2.76M |
| Free Cash Flow Margin | 3.51% | 1.99% | -6.44% | -0.92% | 0.70% | -2.03% |
| Free Cash Flow Per Share | 0.12 | 0.07 | -0.20 | -0.04 | 0.03 | -0.08 |
| Levered Free Cash Flow | 25.77M | 15.28M | 107.61M | 8.58M | -3.81M | |
| Unlevered Free Cash Flow | 43.10M | 32.49M | 120.32M | 9.58M | -3.81M | |
| Cash Interest Paid | 24.94M | 24.49M | 15.34M | 6.71M | 1.66M | 1.31M |
| Cash Income Tax Paid | 8.10M | 7.25M | 4.28M | 1.04M | 175.00K | 63.00K |
| Change in Working Capital | -31.16M | -29.89M | -25.01M | 3.37M | -460.00K | -8.99M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 381.59M | 411.09M | 727.18M | 192.36M | 121.98M | 95.32M |
| Enterprise Value | 644.38M | 669.99M | 975.07M | 260.28M | 190.37M | 164.53M |
| Last Close Price | 2.89 | 3.08 | 5.49 | 5.34 | 3.42 | 2.69 |
| Forward PE | 94.14 | 148.79 | 76.57 | 131.50 | 131.50 | 17.93 |
| PS Ratio | 0.85 | 0.93 | 2.01 | 1.43 | 0.91 | 0.70 |
| PB Ratio | 0.79 | 0.85 | 1.63 | 1.49 | 0.88 | 0.68 |
| P/FCF Ratio | 24.14 | 46.49 | 130.74 | |||
| P/OCF Ratio | 11.16 | 13.50 | 79.03 | 27.74 | 76.31 | |
| PEG Ratio | 2.84 | 2.84 | 2.84 | 2.84 | 2.84 | |
| EV/Sales Ratio | 1.43 | 1.51 | 2.69 | 1.93 | 1.42 | 1.21 |
| EV/EBITDA Ratio | 7.49 | 7.81 | 18.71 | 180.25 | 89.21 | 147.96 |
| EV/EBIT Ratio | 21.35 | 22.27 | 94.27 | |||
| EV/FCF Ratio | 40.77 | 75.77 | 204.04 | |||
| Debt / Equity Ratio | 0.60 | 0.62 | 0.64 | 0.96 | 0.20 | 0.21 |
| Debt / EBITDA Ratio | 3.38 | 3.41 | 5.42 | 63.95 | 10.63 | 19.15 |
| Debt / FCF Ratio | 18.70 | 33.58 | 29.48 | |||
| Net Debt / Equity Ratio | 0.54 | 0.54 | 0.54 | 0.77 | 0.06 | 0.09 |
| Net Debt / EBITDA Ratio | 3.05 | 3.04 | 4.66 | 68.64 | 3.97 | 10.88 |
| Net Debt / FCF Ratio | 16.63 | 29.45 | -10.39 | -80.00 | 9.09 | -4.38 |
| Asset Turnover | 0.48 | 0.48 | 0.59 | 0.61 | 0.61 | |
| Inventory Turnover | 8.76 | 9.68 | 8.40 | 2.97 | 3.50 | |
| Quick Ratio | 0.87 | 0.91 | 0.91 | 1.31 | 0.92 | 1.18 |
| Current Ratio | 1.10 | 1.13 | 1.12 | 3.90 | 1.40 | 1.82 |
| Return on Equity (ROE) | -3.78% | -4.30% | -17.71% | -4.04% | -4.72% | |
| Return on Assets (ROA) | 1.99% | 2.02% | 1.06% | -1.92% | -1.94% | |
| Return on Capital Employed (ROCE) | 3.80% | 3.80% | 1.40% | -2.80% | -4.20% | -4.00% |
| Earnings Yield | -4.84% | -5.00% | -7.01% | -9.79% | -4.65% | -7.09% |
| FCF Yield | 4.14% | 2.15% | -3.21% | -0.64% | 0.77% | -2.90% |
| Buyback Yield / Dilution | -5.97% | -11.58% | -235.84% | -0.19% | -0.66% | -2.38% |