Company research
Powerfleet, Inc.
CIK 1774170Updated Sep 26, 2026
SecurityAIOT · NASDAQ · equity
AIOT price & chart
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NASDAQ:AIOT on TradingView ↗In the news
Powerfleet Announces New $30 Million Stock Repurchase Program ↗
Recent filings
4 filing
4 filing
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Submission of Matters to a Vote of Security Holders
Items 5.02, 5.07, 9.01
4 filing
4 filing
Show 5 more recent filings
3 filing
Entry into a Material Definitive Agreement · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 1.01, 5.02, 9.01
10-Q filing
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
4 filing
Financials
FY 2026 · USDSource
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balance sheet · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 955,565,000Source | 910,071,000Source | 308,680,000Source | 217,746,000Source |
| Property, Plant and Equipment, NetUSD | 62,398,000Source | 58,011,000Source | 12,719,000Source | 12,383,000Source |
| GoodwillUSD | 411,995,000Source | 383,146,000Source | 83,487,000Source | 83,487,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 255,518,000Source | 258,582,000Source | 19,652,000Source | 20,075,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 36,496,000Source | 44,392,000Source | 24,354,000Source | 19,022,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 93,820,000Source | 78,623,000Source | 30,333,000Source | 32,440,000Source |
| Inventory, NetUSD | 22,448,000Source | 18,350,000Source | 21,658,000Source | 22,602,000Source |
| Assets, CurrentUSD | 179,180,000Source | 169,080,000Source | 169,788,000Source | 82,025,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 22,094,000Source | 23,319,000Source | 8,091,000Source | 7,568,000Source |
| Operating Lease, Right-of-Use AssetUSD | 15,893,000Source | 12,339,000Source | 7,428,000Source | 6,195,000Source |
| Other Assets, NoncurrentUSD | 21,599,000Source | 21,183,000Source | 9,029,000Source | 6,916,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 473,950,000Source | 463,329,000Source | 179,771,000Source | 79,825,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | — | — |
| Common Stock, Value, IssuedUSD | 1,343,000Source | 1,343,000Source | 387,000Source | 387,000Source |
| Additional Paid in CapitalUSD | 682,344,000Source | 671,400,000Source | 202,607,000Source | 212,703,000Source |
| Retained Earnings (Accumulated Deficit)USD | -226,335,000Source | -205,783,000Source | -154,796,000Source | -146,281,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 29,660,000Source | -8,850,000Source | -985,000Source | -616,000Source |
| Stockholders' Equity Attributable to ParentUSD | 475,494,000Source | 446,592,000Source | 38,531,000Source | 57,542,000Source |
| Liabilities and EquityUSD | 955,565,000Source | 910,071,000Source | 308,680,000Source | 217,746,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 157,952,000Source | 151,009,000Source | 43,590,000Source | 58,556,000Source |
| Operating Lease, Liability, CurrentUSD | 3,386,000Source | 5,076,000Source | 1,789,000Source | 1,503,000Source |
| Accounts Payable, CurrentUSD | 46,353,000Source | 41,599,000Source | 20,025,000Source | 19,235,000Source |
| Operating Lease, Liability, NoncurrentUSD | 13,505,000Source | 8,191,000Source | 5,921,000Source | 4,908,000Source |
| Deferred Income Tax Liabilities, NetUSD | 60,063,000Source | 57,712,000Source | 4,465,000Source | 4,450,000Source |
| Other Liabilities, NoncurrentUSD | 3,090,000Source | 3,021,000Source | 2,496,000Source | 2,422,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 112,000Source | 150,000Source | 105,000Source | 102,000Source |
| Additional Financial Items | ||||
| Cash, Cash Equivalents, and Short-term InvestmentsUSD | — | — | 109,700,000Source | — |
| Deferred Revenue, CurrentUSD | — | — | 5,842,000Source | 5,666,000Source |
| Deferred Revenue, NoncurrentUSD | — | — | 4,892,000Source | — |
| Deferred Tax Liabilities, NetUSD | 55,526,000Source | 53,778,000Source | 4,465,000Source | 4,450,000Source |
| Dividends PayableUSD | 0Source | 0Source | 0Source | 0Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 6,283,000Source | 4,844,000Source | 1,951,000Source | 11,061,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 229,669,000Source | 232,160,000Source | 113,810,000Source | — |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 6,009,000Source | — | — | — |
cash flow · annual statements
| Line item | FY 2026 | FY 2025 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -19,944,000Source | -50,969,000Source | -5,640,000Source | -7,001,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 60,280,000Source | 47,494,000Source | 9,445,000Source | 8,262,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 7,541,000Source | 9,362,000Source | 3,908,000Source | 4,343,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 21,232,000Source | 14,048,000Source | 1,460,000Source | 1,638,000Source |
| Increase (Decrease) in InventoriesUSD | 4,464,000Source | -5,729,000Source | 1,743,000Source | 4,473,000Source |
| Deferred Income Tax Expense (Benefit)USD | -1,737,000Source | -1,767,000Source | 2,000Source | 143,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 30,461,000Source | -3,345,000Source | 4,397,000Source | 757,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | -55,000Source | 137,112,000Source | — | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -39,748,000Source | -170,596,000Source | 1,529,000Source | -5,838,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 21,618,000Source | 20,008,000Source | — | — |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 0Source | 2,836,000Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 151,000Source | 115,722,000Source | -3,706,000Source | -282,000Source |
| Repayments of Long-term DebtUSD | 5,604,000Source | 2,642,000Source | 4,408,000Source | 5,659,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -7,970,000Source | -60,876,000Source | 1,343,000Source | -8,771,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 40,818,000Source | 48,788,000Source | — | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 24,490,000Source | 15,335,000Source | 1,656,000Source | 1,308,000Source |
| Income Taxes Paid, NetUSD | 7,250,000Source | 4,283,000Source | 175,000Source | 63,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 7,541,000Source | 9,362,000Source | 3,908,000Source | 4,343,000Source |
| Amortization of Intangible AssetsUSD | 37,001,000Source | 27,619,000Source | 5,569,000Source | 5,079,000Source |
| Capitalized Computer Software, AmortizationUSD | 4,589,000Source | 5,734,000Source | — | — |
| Derivative, Gain (Loss) on Derivative, NetUSD | 775,000Source | 504,000Source | — | — |
| Dividends PayableUSD | 0Source | 0Source | 0Source | 0Source |
| Gain (Loss) on Termination of LeaseUSD | 233,000Source | -295,000Source | — | — |
| GoodwillUSD | 411,995,000Source | 383,146,000Source | 83,487,000Source | 83,487,000Source |
| Income Tax Expense (Benefit)USD | 8,688,000Source | 4,517,000Source | 589,000Source | 296,000Source |
| InterestExpenseNonoperatingUSD | 27,526,000Source | 20,330,000Source | — | — |
| Inventory Write-downUSD | — | 4,480,000Source | — | — |
| Investment Income, InterestUSD | 780,000Source | 926,000Source | 103,000Source | 71,000Source |
| Net Income (Loss) Attributable to ParentUSD | -20,552,000Source | -50,987,000Source | -5,675,000Source | -7,003,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 608,000Source | 18,000Source | 35,000Source | 2,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -20,552,000Source | -51,012,000Source | -17,307,000Source | -11,905,000Source |
| Operating ExpensesUSD | 226,846,000Source | 220,422,000Source | 79,633,000Source | 71,965,000Source |
| Other Nonoperating Income (Expense)USD | -4,086,000Source | -1,163,000Source | -29,000Source | 24,000Source |
| Payments to Acquire InvestmentsUSD | 0Source | 0Source | — | — |
| Proceeds from Issuance of Long-term DebtUSD | 0Source | 125,000,000Source | — | — |
| Proceeds from Stock Options ExercisedUSD | 39,000Source | 1,898,000Source | 36,000Source | — |
income statement · annual statements
| Line item | FY 2026 | FY 2025 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 443,777,000Source | 362,515,000Source | 133,736,000Source | 135,157,000Source |
| Cost of RevenueUSD | 197,355,000Source | 167,978,000Source | 66,660,000Source | 70,986,000Source |
| Selling, General and Administrative ExpenseUSD | 208,487,000Source | 204,361,000Source | 71,253,000Source | 63,001,000Source |
| Operating Income (Loss)USD | 19,576,000Source | -25,885,000Source | -12,557,000Source | -7,794,000Source |
| Other Nonoperating Income (Expense)USD | -4,086,000Source | -1,163,000Source | -29,000Source | 24,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -11,256,000Source | -46,452,000Source | -5,051,000Source | -6,705,000Source |
| Income Tax Expense (Benefit)USD | 8,688,000Source | 4,517,000Source | 589,000Source | 296,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 608,000Source | 18,000Source | 35,000Source | 2,000Source |
| Net Income (Loss) Attributable to ParentUSD | -20,552,000Source | -50,987,000Source | -5,675,000Source | -7,003,000Source |
| Earnings Per Share, BasicUSD per share | -0.15Source | -0.43Source | -0.49Source | -0.34Source |
| Earnings Per Share, DilutedUSD per share | -0.15Source | -0.43Source | -0.49Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 133,761,000Source | 119,877,000Source | 35,628Source | 35,393,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 133,761,000Source | 119,877,000Source | 35,628Source | — |
| Interest Expense (non-operating)USD | 27,526,000Source | 20,330,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 37,001,000Source | 27,619,000Source | 5,569,000Source | 5,079,000Source |
| Capitalized Computer Software, AmortizationUSD | 4,589,000Source | 5,734,000Source | — | — |
| Current Income Tax Expense (Benefit)USD | 10,425,000Source | 6,284,000Source | 587,000Source | 153,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 23,279,000Source | 19,876,000Source | 3,876,000Source | 3,183,000Source |
| Gross ProfitUSD | 246,422,000Source | 194,537,000Source | 67,076,000Source | 64,171,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -41,764,000Source | -46,935,000Source | -16,494,000Source | -10,924,000Source |
| Interest Income (Expense), NetUSD | — | — | -1,602,000Source | — |
| Investment Income, InterestUSD | 780,000Source | 926,000Source | 103,000Source | 71,000Source |
| Marketing and Advertising ExpenseUSD | 7,551,000Source | 5,000,000Source | 2,300,000Source | 1,084,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -20,552,000Source | -51,012,000Source | -17,307,000Source | -11,905,000Source |
| Operating ExpensesUSD | 226,846,000Source | 220,422,000Source | 79,633,000Source | 71,965,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | 0Source | 25,000Source | 4,493,000Source | 4,231,000Source |
| Research and Development ExpenseUSD | 18,359,000Source | 16,061,000Source | 8,380,000Source | 8,964,000Source |
| Restructuring and Related Cost, Incurred CostUSD | 8,136,000Source | — | — | — |
Filing attachments
ex99-1.htm · 8-K · 2026-08-10
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Powerfleet Reports Results for First Quarter Fiscal 2027 Services revenue increased 9.1% to $94.3 million, representing 85% of total revenue of $110.8 million. Cash flow from operating activities increased 79% to $8.4 million. More than $27 million ARR for near term activation with the South African National Treasury contract. New President & Chief Financial Officer and Chief AI Officer, enhancing leadership team capability and…
Read attachment ↗ex99-1.htm · 8-K · 2026-07-21
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Powerfleet Announces Board and Audit Committee Transition Michael Casey Rejoins Board of Directors and Is Appointed Chair of the Audit Committee WOODCLIFF LAKE, N.J., July 21 2026 - Powerfleet, Inc. (Nasdaq: AIOT; JSE: PWR) today announced that its Board of Directors has appointed Michael Casey to rejoin the Board and serve as Chair of the Audit Committee, effective as of July 15, 2026. Mr. Casey previously served as a director of Powerfleet from …
Read attachment ↗ex99-1.htm · 8-K · 2026-07-01
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Powerfleet Announces New $30 Million Stock Repurchase Program WOODCLIFF LAKE, N.J. - June 30, 2026 - Powerfleet, Inc. (the “Company”) (Nasdaq: AIOT), a global leader in the artificial intelligence of things (AIoT) software-as-a-service (SaaS) mobile asset industry, announced that its board of directors has approved a stock repurchase program, authorizing the Company to repurchase, from time to time, up to an aggregate of $30 million of the Company’…
Read attachment ↗ex99-1.htm · 8-K · 2026-06-15
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Powerfleet Reports Results for Fourth Quarter and Full-Year Fiscal 2026 Revenue of $114.5 million for the fourth quarter, increased 11% year-over-year, driven by services revenue of $92.9 million, up 14% Fourth quarter income from operations improved to $11.0 million from a $7.0 million loss in the prior-year quarter, while net loss improved 78% to $2.7 million Adjusted EBITDA of $26.4 million for the fourth quarter, up 42% year-ove…
Read attachment ↗