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PowerFleet, Inc.

AIOT

PowerFleet, Inc. • NASDAQ
$4.97 ▼ -0.60% (-0.03)
Market Cap $665.11 M
52w High $8.71
52w Low $3.70
Dividend Yield 0%
P/E -16.03
Volume 580.60K
Outstanding Shares 133.82M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $103.638M ▼ $61.743M ▲ $-12.439M ▲ -12.002% ▲ $-0.032 ▲ $2.953M ▼
Q1-2026 $106.429M $60.026M $-14.349M -13.482% $-0.09 ▲ $19.062M
Q4-2025 $106.429M ▲ $60.026M ▲ $-14.349M ▼ -13.482% ▼ $-0.11 ▼ $19.062M ▲
Q3-2025 $77.018M ▲ $40.77M ▼ $-1.888M ▲ -2.451% ▲ $-0.02 ▲ $10.858M ▲
Q2-2025 $75.43M $57.883M $-22.312M -29.58% $-0.21 $-8.22M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $27.898M ▼ $936.893M ▲ $467.914M ▲ $468.979M ▲
Q1-2026 $33.634M ▼ $908.669M ▼ $450.128M ▼ $458.39M ▲
Q4-2025 $48.788M ▲ $910.071M ▲ $463.329M ▲ $446.592M ▼
Q3-2025 $25.962M $748.335M $297.225M $450.954M ▼
Q2-2025 $25.962M $748.335M $297.225M $451.11M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $-4.288M ▲ $5.522M ▲ $-12.058M ▼ $3.442M ▲ $-3.162M ▲ $-6.583M ▲
Q1-2026 $-10.234M ▲ $4.721M ▼ $-11.822M ▼ $-6.769M ▼ $-13.145M ▼ $-7.117M ▼
Q4-2025 $-12.439M ▲ $13.541M ▲ $-10.117M ▲ $8.154M ▼ $10.143M ▲ $10.14M ▲
Q3-2025 $-14.349M ▲ $-6.094M ▲ $-173.391M ▼ $129.88M ▲ $-50.391M ▲ $-12.247M ▲
Q2-2025 $-22.312M $-7.615M $19.637M $-89.47M $-78.271M $-15.509M

Revenue by Products

Product Q2-2025Q3-2025Q1-2026Q2-2026
Product
Product
 $20.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲
Service
Service
 $60.00M ▲$80.00M ▲$90.00M ▲$90.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has historically been modest and fairly steady, but it steps up sharply in the most recent year, likely reflecting the large acquisitions and the shift toward a software‑style business model. Gross profit scales up with that, suggesting the core services carry decent margins when volume grows. Despite this, the company still runs at a small operating loss and has not yet produced consistent net profits. Losses widen in the latest year, which is common when a company is integrating large deals and investing heavily in growth. The story here is “scale and transform first, profitability later,” and that transition is still in progress.

Balance Sheet

Balance Sheet The balance sheet has expanded meaningfully, again pointing to the impact of acquisitions. Total assets and shareholders’ equity are much larger than a few years ago, indicating a bigger, more substantial platform business. At the same time, debt has increased significantly, which raises financial risk and puts more pressure on future cash generation. Cash balances have grown but remain relatively modest versus the larger scale of the company. Overall, PowerFleet is now a bigger, more leveraged business that will need to prove it can comfortably service this larger capital structure.

Cash Flow

Cash Flow Operating cash flow is hovering around breakeven, which means the business is not yet consistently throwing off cash but also is not burning large amounts either. Free cash flow is slightly negative, driven mostly by continued investment, although capital spending itself appears relatively light for a technology and SaaS‑oriented model. This points to a company in transition: it is close to self‑funding but still depends on careful cash management, especially given the higher debt load. Sustained improvement in recurring, high‑margin revenue will be key to turning this into a reliable cash generator.

Competitive Edge

Competitive Edge PowerFleet is trying to carve out a strong position in fleet and supply‑chain telematics by offering a broad, integrated solution rather than a single‑purpose tool. Its Unity platform connects data from many different devices and vendors into one view, which can be attractive for large, complex operations. The company has expanded its global reach and customer base through acquisitions like MiX Telematics and Fleet Complete and serves well‑known brands, which supports its credibility. Industry research cites it as a top innovator, especially in telematics and AI‑enabled safety. However, it competes in a crowded space with strong players such as Samsara, Geotab, and Trimble, so execution, differentiation, and customer satisfaction remain critical to defending and growing its share.

Innovation and R&D

Innovation and R&D Innovation is a clear focus. The Unity platform is hardware‑agnostic, which gives customers flexibility and allows PowerFleet to plug into many different devices and vehicle systems. On top of that, the company is layering AI‑driven features such as video‑based driver safety, automated risk intervention, pedestrian proximity detection, and predictive maintenance. A sizable patent portfolio and industry recognition support the idea that PowerFleet is pushing the technology frontier in its niche. The roadmap centers on deeper AI and machine‑learning capabilities, richer analytics, and an expanding ecosystem of partners around Unity. The main question is not whether the technology is advancing, but how effectively these innovations convert into sticky, profitable customer relationships at scale.

Summary

PowerFleet is in the middle of a major strategic shift: from a smaller, more traditional telematics company to a larger, global AIoT and SaaS platform. Revenue has taken a noticeable step up with recent acquisitions and the move toward recurring software subscriptions, but consistent profitability has not yet followed, and recent losses have widened. The balance sheet is now bigger but more leveraged, making future cash generation and cost control more important. Cash flows are near breakeven, suggesting the business is close to, but not yet firmly in, self‑funding territory. On the positive side, PowerFleet appears well‑positioned on technology and innovation, with a differentiated, unified platform and growing AI‑driven safety and analytics tools. The key swing factors from here are integration of acquisitions, realization of promised synergies, conversion of innovation into durable recurring revenue, and disciplined management of debt and cash as the company scales.

NEWS

November 14, 2025 · 4:05 PM UTC

Powerfleet to Attend Fall New York 2025 Investor Conferences

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November 10, 2025 · 7:00 AM UTC

Powerfleet Reports Q2 FY26 Financial Results with 7% Quarterly Sequential Increase in Total Revenue

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October 27, 2025 · 8:00 AM UTC

Powerfleet Sets Second Quarter Fiscal 2026 Conference Call for Monday, November 10, 2025, at 8:30 a.m. ET

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October 7, 2025 · 4:05 PM UTC

Powerfleet Appoints Jeff Lautenbach as Chief Revenue Officer to Amplify Accelerated SaaS Revenue Growth

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September 29, 2025 · 4:05 PM UTC

Powerfleet to Host Unity Innovation Event on November 14, 2025

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