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Annual figures as reported in 10-K / 20-F / 40-F filings.
AIOT · CIK 0001774170

POWERFLEET, INC.

Annual figures as reported, FY2017–FY2026. Ratios and growth rates derived on-page.

AIOT logo
Communications Equipment, NEC
Company profile
Nasdaq · AIOTHQ Woodcliff Lake, NJIncorporated in DEFiscal year ends Mar 31Accelerated filer
Revenue
$443.8M
▲ +22.4% vs FY2025
Net income
−$20.6M
▲ +59.7% vs FY2025
Free cash flow
$8.8M
▲ +137.9% vs FY2025
Diluted EPS
−$0.15
▲ +65.1% vs FY2025

Revenue

Annual, as reported

0200M400M’17’19’21’23’26$443.8M

Net income

Losses shown in terracotta

−40M−20M0’18’20’22’25’26−$20.6M

Recent quarters

momentum · last 12 quarters
Revenue — Mar ’26 quarter
$114.5M
▲ +10.5% vs Mar ’25
Net income — Mar ’26 quarter
−$2.7M
▲ +78.5% vs Mar ’25
Revenue — trailing 12 months
$443.8M
▲ +22.4% vs Mar ’25
Diluted EPS — trailing 12 months
−$0.15
▲ +65.1% vs Mar ’25

Quarterly revenue

Discrete quarters; Q4 derived from the annual figure

050M100MJun ’23Dec ’23Jun ’24Dec ’24Jun ’25Dec ’25Mar ’26$114.5M

Quarterly net income

Losses shown in terracotta

−20M−10M0Jun ’23Dec ’23Jun ’24Dec ’24Jun ’25Dec ’25Mar ’26−$2.7M
QuarterRevenueRev. YoYGross marginNet incomeNet marginDiluted EPS
Mar ’26$114.5M10.5%56.5%−$2.7M−2.3%−$0.01
Dec ’25$113.5M6.6%55.2%−$3.4M−3.0%−$0.03
Sep ’25$111.7M45.0%56.0%−$4.3M−3.8%−$0.03
Jun ’25$104.1M38.0%54.2%−$10.2M−9.8%−$0.08
Mar ’25$103.6M207.2%52.8%−$12.4M−12.0%−$0.09
Dec ’24$106.4M208.0%55.2%−$14.3M−13.5%−$0.11
Sep ’24$77.0M124.9%53.7%−$1.9M−2.5%−$0.02
Jun ’24$75.4M135.0%52.6%−$22.3M−29.6%−$0.21

Profitability & returns

quality of earnings

Margins

Share of revenue kept at each line

0%20%40%’17’19’21’23’26
Gross marginOperating marginNet margin

Returns on capital

Net income vs year-end equity and assets

-10%-5%0%’21’22’23’25’26
Return on equityReturn on assets

Cash flow

cash generation

Free cash flow

Operating cash flow less capital expenditure

−20M−10M0’17’19’21’23’26$8.8M

Operating cash flow

Net cash from operations

010M20M30M’17’19’21’23’26$30.5M

Shareholder returns

capital allocation

Capital returned

Cash paid out as dividends and share repurchases

01M2M’18’19’22’23’25’26
Buybacks

Diluted shares outstanding

Falling count means buybacks outpace dilution

050M100M’19’21’23’26134M

Balance sheet

financial position

Stockholders’ equity

At fiscal year end

0200M400M’21’22’23’24’25’26$475.5M

Net debt

Long-term debt less cash — negative means net cash

0100M200M’21’22’23’24’25’26$200.1M

Growth rates

compounding, annualized
Revenue CAGR
+49.2%
3y
+28.6%
5y
Free cash flow CAGR
+111.6%
3y
Share count change (split-adjusted)
+386816.8%
5y

Key ratios

derived per fiscal year
Fiscal yearGross marginOp. marginNet marginFCF marginROEROACurrent ratioDebt / equity
FY202655.5%4.4%−4.6%2.0%−4.3%−2.2%1.13×0.50×
FY202553.7%−7.1%−14.1%−6.4%−11.4%−5.6%1.12×0.53×
FY2024——————3.90×2.98×
FY202350.2%−9.4%−4.2%0.7%−7.7%−2.5%1.98×0.15×
FY202247.8%−5.1%−5.0%−2.0%−8.6%−3.0%1.94×0.20×
FY202147.4%−6.5%−10.1%−6.2%−13.9%−5.6%1.98×0.26×
FY202052.0%−3.0%−7.9%5.0%————
FY201946.8%−11.9%−13.4%−10.1%————
FY201848.6%−10.8%−11.0%−3.7%————
FY201751.1%−10.0%—8.6%————

Annual figures

as reported
Fiscal yearRevenueGross profitOp. incomeNet incomeDiluted EPSOp. cash flowCapexTotal assetsLiabilitiesEquityCashLT debt
FY2026$443.8M$246.4M$19.6M−$20.6M−$0.15$30.5M$21.6M$955.6M$473.9M$475.5M$36.5M$236.5M
FY2025$362.5M$194.5M−$25.9M−$51.0M−$0.43−$3.3M$20.0M$910.1M$463.3M$446.6M$44.4M$237.5M
FY2024———————$308.7M$179.8M$38.5M$24.4M$114.8M
FY2023$133.7M$67.1M−$12.6M−$5.7M−$0.49$4.4M$3.5M$223.8M$75.7M$73.2M$24.8M$10.6M
FY2022$135.9M$65.0M−$7.0M−$6.8M−$0.49$1.2M$4.0M$226.0M$83.5M$78.2M$20.6M$16.0M
FY2021$126.0M$59.8M−$8.2M−$12.8M−$0.64−$5.4M$2.4M$229.9M$85.0M$92.1M$26.5M$24.2M
FY2020$113.6M$59.0M−$3.5M−$9.0M−$0.46$8.8M$3.2M————$28.5M
FY2019$81.9M$38.4M−$9.8M−$11.0M−$0.59−$7.3M$1.0M————$29.2M
FY2018$53.1M$25.8M−$5.7M−$5.8M−$0.34−$1.7M$251K—————
FY2017$41.0M$20.9M−$4.1M—−$0.26$3.9M$386K—————

Latest filings

the most recent regulatory filings
8-KCurrent report — material event2026-07-01 ↗11-KEmployee stock plan report2026-06-29 ↗10-KAnnual report2026-06-15 ↗8-KCurrent report — material event2026-06-15 ↗SDSpecialized disclosure2026-05-22 ↗8-KCurrent report — material event2026-05-22 ↗4Insider ownership filing2026-05-18 ↗4Insider ownership filing2026-05-18 ↗SCHEDULE 13G/ASEC filing2026-05-15 ↗SCHEDULE 13G/ASEC filing2026-03-27 ↗

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