PowerFleet (AIOT) Financial Statements & Analysis

PowerFleet (AIOT) Income Statement

PowerFleet reported revenue of $443.78M in fiscal 2026 (fiscal year ended Mar 31, 2026), up 22.4% from $362.51M a year earlier. PowerFleet posted a net loss of $20.55M, compared with a net loss of $50.99M a year earlier. Gross margin was 55.5% and operating margin 4.4%. In the most recent quarter, Q1 fiscal 2027 (ended Jun 30, 2026), revenue was $110.79M, up 6.4% from the same quarter a year earlier.

PowerFleet Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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PowerFleet, Inc. income statement - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Mar 2026	Mar 2025	Mar 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Mar 2018	Dec 2016
Revenue & Gross Profit
Revenue	443.78	362.52	362.52	133.74	135.91	125.96	81.92	53.06	40.96	36.82
Cost of Revenue	197.36	167.98	167.98	66.66	70.92	66.21	43.55	27.27	20.03	18.53
Gross Profit	246.42	194.54	194.54	67.08	64.99	59.75	38.36	25.80	20.93	18.29
Operating Expenses
Research & Development	18.36	16.06	16.06	8.38	8.47	11.43	8.54	6.86	3.97	4.54
Selling, General & Administrative	208.49	204.36	85.36	65.40	63.49	56.50	0.00	24.67	21.05	20.13
Operating Expenses	226.85	220.42	220.42	79.63	71.96	67.93	48.12	31.53	25.02	24.66
Operating Income	19.58	-25.89	-25.89	-12.56	-6.97	-8.17	-9.76	-5.74	-4.09	-6.37
Other Income/Expense
Interest Income	0.78	0.93	0.10	0.10	0.07	0.05	0.13	0.26	0.25	0.29
Interest Expense	27.53	20.33	1.60	-1.60	2.76	2.76	0.95	0.17	0.34	0.29
Other Income/Expense	-30.83	-20.57	-20.57	7.51	1.09	0.01	-1.15	-0.08	-0.09	-0.64
Income
Income Before Tax	-11.26	-46.45	-46.45	-5.05	-5.88	-10.88	-10.91	-5.81	-4.18	-6.37
Income Tax Expense	8.69	4.52	4.52	0.59	0.87	1.89	0.08	0.00	-0.31	0.30
Net Income	-20.55	-50.99	-50.99	-17.31	-16.89	-12.77	-10.96	-5.81	-3.87	-6.37
Net Income - Continuous Operations	-20.55	-50.99	-50.99	-7.00	-12.77	-12.77	-10.96	-5.81	-3.87	-6.37
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	76.55	21.37	56.80	2.13	1.11	0.43	-1.80	-4.08	-2.71	-5.39
EBIT	30.08	10.34	-7.32	-6.71	-6.97	-8.12	-	-	-	-
Depreciation & Amortization	60.28	47.49	41.76	8.84	8.08	8.55	2.82	1.56	1.13	0.69
Earnings Per Share
Basic EPS	-	-	-1.00	-	-	-1.00	-	-	-	-
Diluted EPS	-	-	-1.00	-	-	-1.00	-	-	-	-
Basic Shares Outstanding	133.76	119.88	35.63	35.63	35.39	34.57	61.43	51.70	44.88	38.95
Diluted Shares Outstanding	133.76	119.88	35.63	35.63	35.39	34.57	61.43	51.70	44.88	38.95

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About PowerFleet Financial Statements

What was PowerFleet's revenue in fiscal 2026?

PowerFleet reported revenue of $443.78M in fiscal 2026 (fiscal year ended Mar 31, 2026). That was up 22.4% from $362.51M a year earlier.

Is PowerFleet profitable?

No. PowerFleet reported a net loss of $20.55M in fiscal 2026. In fiscal 2025 it lost $50.99M.

What is PowerFleet's operating margin?

PowerFleet's operating income was $19.58M on revenue of $443.78M in fiscal 2026, an operating margin of 4.4%, compared with -7.1% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition