NASDAQ · Financial Statements

PowerFleet, Inc. (AIOT) Financial Statements

$2.66 NASDAQ: AIOT Market Cap $357.04M

PowerFleet, Inc. most recently reported annual revenue of $444.0M, a net loss of $21.0M. Revenue grew at an average annual rate of 31.2% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

PowerFleet, Inc.: Revenue rose from $37.0M in 2017 to $444.0M in 2026, a change of +1100.0% over 9 years; net profit was positive in 0 of 10 reported years; operating margin moved from -17.3% to 4.4%, a shift of +21.7 percentage points; the most recent year shows a net loss of $21.0M.

Income Statement — 10 Years (USD millions)

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Revenue	$37.0M	$41.0M	$53.0M	$82.0M	$114.0M	$126.0M	$135.0M	$363.0M	$363.0M	$444.0M
Operating Expenses	$43.0M	$45.0M	$59.0M	$92.0M	$117.0M	$134.0M	$142.0M	$388.0M	$388.0M	$424.0M
Operating Profit	$-6.0M	$-4.0M	$-6.0M	$-10.0M	$-4.0M	$-8.0M	$-7.0M	$-26.0M	$-26.0M	$20.0M
Operating Margin	-17.3%	-10.0%	-10.8%	-11.9%	-3.2%	-6.5%	-5.1%	-7.1%	-7.1%	4.4%
Other Income	$-1.0M	$0	$0	$-1.0M	$-4.0M	$-3.0M	$0	$-21.0M	$-21.0M	$-31.0M
Interest	$0	$0	$0	$1.0M	$2.0M	$3.0M	$2.0M	$2.0M	$20.0M	$28.0M
Depreciation	$1.0M	$1.0M	$2.0M	$3.0M	$11.0M	$9.0M	$11.0M	$42.0M	$47.0M	$60.0M
Profit Before Tax	$-6.0M	$-4.0M	$-6.0M	$-11.0M	$-8.0M	$-11.0M	$-7.0M	$-46.0M	$-46.0M	$-11.0M
Tax	$-4.7M	$7.4M	$0	$-690,000	$-13.0M	$-17.4M	$-4.4M	$-9.7M	$-9.7M	$-77.2M
Net Profit	$-6.0M	$-4.0M	$-6.0M	$-11.0M	$-9.0M	$-13.0M	$-7.0M	$-51.0M	$-51.0M	$-21.0M
EPS	$-0.16	$-0.09	$-0.11	$-0.18	$-0.10	$-0.64	$-0.07	$-1.09	$-0.43	$-0.15
Dividend Payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

Metric	Sep '23	Dec '23	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
Revenue	$77.0M	$35.0M	$34.0M	$75.0M	$77.0M	$106.0M	$104.0M	$104.0M	$112.0M	$113.0M	$114.0M	$111.0M
Operating Expenses	$76.0M	$38.0M	$53.0M	$94.0M	$76.0M	$108.0M	$111.0M	$106.0M	$107.0M	$107.0M	$103.0M	$111.0M
Operating Profit	$1.0M	$-4.0M	$-19.0M	$-18.0M	$1.0M	$-1.0M	$-7.0M	$-2.0M	$4.0M	$6.0M	$11.0M	$0
Operating Margin	0.7%	-11.2%	-54.6%	-24.2%	0.7%	-1.2%	-6.7%	-2.0%	3.8%	5.6%	9.6%	0.2%
Interest	$0	$1.0M	$1.0M	$3.0M	$4.0M	$8.0M	$6.0M	$7.0M	$7.0M	$7.0M	$7.0M	$7.0M
Profit Before Tax	$-2.0M	$-4.0M	$-23.0M	$-21.0M	$-2.0M	$-11.0M	$-13.0M	$-10.0M	$-3.0M	$0	$2.0M	$-7.0M
Tax	$-15.7M	$2.6M	$-5.3M	$-5.0M	$-15.7M	$-32.4M	$2.4M	$-3.7M	$-42.1M	$-801.9M	$202.6M	$-19.9M
Net Profit	$-2.0M	$-4.0M	$-24.0M	$-22.0M	$-2.0M	$-14.0M	$-12.0M	$-10.0M	$-4.0M	$-3.0M	$-3.0M	$-8.0M
EPS	$-0.05	$-0.03	$-0.18	$-0.21	$-0.21	$-0.02	$-0.11	$-0.08	$-0.03	$-0.03	$-0.02	$-0.06

Over the 10 years reported for PowerFleet, Inc., borrowings increased from $3.0M in 2017 to $297.0M in 2026, cash stood at $36.0M in the latest year, shareholders' equity was $1.0M, current assets covered current liabilities 1.13 times.

Balance Sheet — 10 Years (USD millions)

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Total Assets	$44.0M	$61.0M	$63.0M	$226.0M	$232.0M	$230.0M	$217.0M	$309.0M	$910.0M	$956.0M
Current Assets	$28.0M	$29.0M	$36.0M	$71.0M	$90.0M	$86.0M	$80.0M	$170.0M	$169.0M	$179.0M
Cash	$5.0M	$5.0M	$10.0M	$16.0M	$41.0M	$26.0M	$18.0M	$24.0M	$44.0M	$36.0M
Inventory	$4.0M	$5.0M	$5.0M	$16.0M	$13.0M	$18.0M	$22.0M	$22.0M	$18.0M	$22.0M
Receivables	$11.0M	$10.0M	$14.0M	$27.0M	$27.0M	$34.0M	$35.0M	$33.0M	$93.0M	$107.0M
Fixed Assets	$3.0M	$3.0M	$4.0M	$15.0M	$18.0M	$19.0M	$17.0M	$20.0M	$70.0M	$78.0M
Capital Work in Progress	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Investments	$2.0M	$11.0M	$0	$8.0M	$6.0M	$0	$0	$0	$0	$0
Other Assets	$2.0M	$7.0M	$9.0M	$89.0M	$83.0M	$83.0M	$83.0M	$83.0M	$383.0M	$412.0M
Total Liabilities	$28.0M	$28.0M	$33.0M	$94.0M	$77.0M	$85.0M	$77.0M	$180.0M	$463.0M	$474.0M
Current Liabilities	$18.0M	$19.0M	$21.0M	$42.0M	$37.0M	$44.0M	$46.0M	$44.0M	$151.0M	$158.0M
Borrowings	$3.0M	$0	$2.0M	$42.0M	$37.0M	$34.0M	$30.0M	$123.0M	$287.0M	$297.0M
Other Liabilities	$25.0M	$28.0M	$30.0M	$52.0M	$40.0M	$51.0M	$47.0M	$56.0M	$176.0M	$177.0M
Equity	$0	$0	$0	$0	$0	$0	$0	$0	$1.0M	$1.0M
Reserves	$16.0M	$33.0M	$30.0M	$132.0M	$155.0M	$145.0M	$141.0M	$129.0M	$447.0M	$475.0M

For PowerFleet, Inc., operating cash flow was positive in 5 of 10 reported years; free cash flow in the latest year was $9.0M; free cash flow was positive in 3 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Operating Cash Flow	$-2.0M	$4.0M	$-2.0M	$-7.0M	$9.0M	$-5.0M	$1.0M	$4.0M	$-3.0M	$30.0M
Investing Cash Flow	$-1.0M	$-28.0M	$6.0M	$-67.0M	$-7.0M	$-6.0M	$-13.0M	$-6.0M	$-204.0M	$-61.0M
Financing Cash Flow	$3.0M	$14.0M	$-1.0M	$-47.0M	$0	$-1.0M	$0	$0	$-2.0M	$0
Net Cash Flow	$0	$0	$5.0M	$6.0M	$2.0M	$8.0M	$-9.0M	$1.0M	$-61.0M	$-8.0M
Free Cash Flow	$-3.0M	$4.0M	$-2.0M	$-8.0M	$5.0M	$-8.0M	$-5.0M	$-3.0M	$-37.0M	$9.0M

Valuation & Return Ratios

Metric	Value
PEG Ratio	-0.19
EV / EBITDA	10.05
FCF Yield	2.13%
Quick Ratio	0.96
Interest Coverage	0.79
Return 1Y	-19.70%
Return 3Y	32.06%
Return 5Y	-37.95%

PowerFleet, Inc. (AIOT) financials — frequently asked questions

What is PowerFleet, Inc.'s annual revenue?

PowerFleet, Inc. (AIOT) reported annual revenue of $444.0M in its most recent fiscal year.

What is PowerFleet, Inc.'s net profit?

PowerFleet, Inc. (AIOT) reported a net loss of $21.0M in its most recent fiscal year.

What is AIOT EV/EBITDA?

PowerFleet, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 10.05.

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