Powerfleet, Inc.

Listed Company

AIOTCIK 0001774170NasdaqAcceleratedCommunications Equipment, NecDelawareFY ends Mar 31

Period

FY 2026

Revenue

$443.78M

Net Income

$-20.55M

Total Assets

$955.57M

Equity

$475.49M

Shares Out

134.18M

Op. Cash Flow

$30.46M

AIOT$4.25−6.18% · past yearDBEQ Basic

Daily closing prices

Business

Powerfleet, Inc. is a global provider of Artificial Intelligence-of-Things (AIoT) solutions that deliver connected asset management and business intelligence for enterprise and mid-market customers. The company offers the Unity SaaS platform, which ingests IoT data and applies AI-driven insights for warehouse, yard, and on-road asset visibility, safety, and compliance. Core products serve forklifts, ground support equipment, heavy trucks, trailers, and shipping containers under brands including Powerfleet, Pointer, Cellocator, and Fleet Complete, sold directly and through OEMs and distributors.

Summary from 10-K filed 2026-06-15

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	444	363	134	136	126
Total cost of revenues	197	168	67	71	66
Gross profit	246	195	67	65	60
Selling, general and administrative expenses	208	204	71	63	56
Research and development expenses	18	16	8	8	11
Total operating expenses	227	220	80	72	68
(Loss) income from operations	20	−26	−13	−7	−8
Interest income	780,000	926,000	103,000	71,000	45,000
Interest expense	−28	−20	−2	994,000	—
Bargain purchase - Movingdots	0	0	9	0	—
Other expense	−4	−1	−29,000	24,000	8,000
Net loss before income taxes	−11	−46	−5	−6	−11
Income tax expense	−9	−5	−589,000	−870,000	−2
Net loss before non-controlling interest	−20	−51	−6	−7	−13
Non-controlling interest	−608,000	−18,000	−35,000	−2,000	5,000
Net loss	−21	−51	−6	−7	−13
Accretion of preferred stock	0	0	−7	−6	−5
Preferred stock dividend	0	−25,000	−4	−4	−4
Net loss attributable to common stockholders	−21	−51	−17	−17	−22
Net loss attributable to common stockholders	−21	−51	−17	−17	—
Net loss per share attributable to common stockholders - basic (in dollars per share)	−0.15	−0.43	−0.49	−0.49	−0.64
Net loss per share attributable to common stockholders - diluted (in dollars per share)	−0.15	−0.43	−0.49	−0.49	−0.64
Weighted-average common shares outstanding - basic (in shares)	134	120	36	36	34,571
Weighted-average common shares outstanding - diluted (in shares)	134	120	36	36	34,571

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-12-31	FY 2023 2023-09-30
Cash and cash equivalents	36	44	24	19	19
Restricted cash	4	4	85	310,000	310,000
Accounts receivable, net of allowance for credit losses of $4,057 and $9,177 as of March 31, 2025 and 2026, respectively	94	79	30	32	34
Inventory, net	22	18	22	23	21
Prepaid expenses and other current assets	22	23	8	8	9
Total current assets	179	169	170	82	83
Fixed assets, net	62	58	13	12	10
Goodwill	412	383	83	83	83
Intangible assets, net	256	259	20	20	21
Right-of-use asset	16	12	7	6	6
Severance payable fund	4	4	4	4	3
Deferred tax asset	5	4	3	3	2
Other assets	22	21	9	7	7
Total assets	956	910	309	218	217
Short-term bank debt and current maturities of long-term debt	50	42	2	21	12
Accounts payable	46	42	20	—	—
Accrued expenses and other current liabilities	38	45	14	—	—
Deferred revenue - current	20	17	6	6	6
Lease liability - current	3	5	2	2	2
Total current liabilities	158	151	44	59	47
Long-term debt - less current maturities	230	232	114	—	10
Deferred revenue - less current portion	4	5	5	5	5
Lease liability - less current portion	14	8	6	5	4
Accrued severance payable	6	6	5	5	4
Deferred tax liability	60	58	4	4	4
Other long-term liabilities	3	3	2	2	2
Total liabilities	474	463	180	80	77
Commitments and Contingencies (Note 19)	—	—	—	—	—
Redeemable non-controlling interests	6	0	—	—	—
Preferred stock; authorized 50,000 shares, $0.01 par value	0	0	0	—	—
Common stock; authorized 175,000 shares, $0.01 par value; 135,379 and 136,224 shares issued at March 31, 2025 and March 31, 2026, respectively; shares outstanding, 133,316 and 134,158 at March 31, 2025 and 2026, respectively	1	1	387,000	387,000	387,000
Additional paid-in capital	682	671	203	213	215
Accumulated deficit	−226	−206	−155	−146	−143
Accumulated other comprehensive (loss) income	30	−9	−985,000	−616,000	−2
Treasury stock; 2,063 and 2,066 common shares at cost at March 31, 2025 and 2026, respectively	−12	−12	−9	−9	−9
Total Powerfleet, Inc. stockholders equity	475	447	39	58	62
Non-controlling interest	112,000	150,000	105,000	102,000	63,000
Total equity	476	447	39	58	62
Total liabilities, redeemable non-controlling interests and stockholders equity	956	910	309	218	217
Common stock, shares issued (in shares)	136	135	39	39	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Inventory reserve	2	4	2	149,000	−22,000
Stock-based compensation expense	8	9	4	4	5
Depreciation and amortization	60	47	9	8	9
Right-of-use assets, non-cash lease expense	4	5	3	3	—
Derivative mark-to-market adjustment	−775,000	−504,000	0	0	—
Bad debts expense	11	9	2	66,000	997,000
Deferred income taxes	−2	−5	−6,000	708,000	2
Shares issued for transaction bonuses	0	889,000	0	0	—
Lease termination and modification losses	−233,000	295,000	0	0	—
Other non-cash items	−2	1	103,000	707,000	305,000
Accounts receivable	−21	−14	−1	−1	−10
Inventories	−4	6	−2	−4	−6
Prepaid expenses and other current assets	2	5	791,000	−816,000	−3
Deferred costs	−9	−8	679,000	2	—
Deferred revenue	2	2	−295,000	−627,000	−2
Accounts payable, accrued expenses and other current liabilities	5	−12	4	−533,000	8
Lease liabilities	−4	−5	−3	−3	−3
Accrued severance payable	−1	1	−21,000	−42,000	—
Net cash provided by (used in) operating activities	30	−3	4	1	−5
Acquisition, net of cash assumed	55,000	−137	9	0	—
Purchase of investments	0	0	−100,000	−100,000	—
Proceeds from sale of fixed assets	140,000	12,000	0	0	—
Capitalized software development costs	−19	−14	−4	−2	—
Capital expenditures	−22	−20	−3	−4	—
Repayment of loan advanced to external parties	207,000	294,000	0	0	—
Net cash provided by (used in) investing activities	−40	−171	2	−6	−3
Repayment of long-term debt	−6	−3	−4	−6	−6
Short-term bank debt, net	6	20	4	6	−270,000
Purchase of treasury stock upon vesting of restricted stock	0	−3	−141,000	−211,000	—
Repayment of financing lease	0	0	−129,000	−121,000	−138,000
Payment of preferred stock dividend and redemption of preferred stock	0	−90	−3	0	−4
Proceeds from private placement, net	0	66	0	0	—
Proceeds from long-term debt	0	125	0	0	—
Payment of long-term debt costs	—	−1	0	0	—
Proceeds from exercise of stock options, net	39,000	2	36,000	0	229,000
Net cash (used in) provided by financing activities	151,000	116	−4	−282,000	16
Effect of foreign exchange rate changes on cash and cash equivalents	1	−3	−877,000	−3	531,000
Net increase (decrease) in cash and cash equivalents, and restricted cash	−8	−61	1	−9	8
Taxes	7	4	175,000	63,000	58,000
Interest	24	15	2	1	1
Issuance of derivative on long-term debt	0	0	0	0	—
Common stock issued for transaction bonus	0	9,000	0	0	—
Value of warrant issued in connection with Movingdots acquisition	0	0	1	0	—
Value of licensed intellectual property acquired in connection with Movingdots acquisition	0	0	2	0	—
Preferred stock dividends paid in shares	0	0	1	4	—
Issuance of redeemable non-controlling interest	9	0	0	—	—
Rebalancing of ownership percentage between parent and subsidiaries	−3	0	0	—	—

Filings

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Frequently asked questions

What is Powerfleet, Inc.'s CIK number?

Powerfleet, Inc.'s SEC CIK number is 0001774170 (1774170). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Powerfleet, Inc.'s SEC filings?

All of Powerfleet, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Powerfleet, Inc. last report earnings?

Powerfleet, Inc. (AIOT) most recently filed an earnings 8-K with the SEC on Jun 15, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-028593). This is Powerfleet, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Powerfleet, Inc.'s most recent earnings 8-K?

Powerfleet, Inc.'s latest earnings 8-K (Item 2.02) was filed Jun 15, 2026 under accession 0001493152-26-028593. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Powerfleet, Inc.'s latest earnings 8-K →
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