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Powerfleet, Inc. (AIOT) stock

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NASDAQ: AIOT Nasdaq Electronic Equipment & Instruments Next results ~November 9, 2026

C+ Fundamentals grade

Powerfleet, Inc. is a US-listed company in the electronic equipment & instruments industry. Its financial year ends in March.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$3.9

Valuation models combined (3)

Base case. Range ~$2.0–$9.0. Weighted average of 3 models (growth cash-flow model, forward price-to-earnings vs peers, forward price-to-sales vs peers), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Powerfleet, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds103 adding, 85 cuttingOf 31 active managers that changed their stake, 19 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Powerfleet files

Where Powerfleet stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $450m, up 15.1% on a year earlier, slower than the 22.4% growth a quarter earlier. Free-cash-flow margin rose to 3.5% from -3.5% a year earlier. Operating margin widened to 4.9% from -2.5%. The diluted share count is up 6.0% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 7 financial-health checks. Our price-to-sales vs peers value is $0.91 a share, against a share price of $2.75.

Source: 10-Q filed August 10, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 9, 2026 (estimated)

Powerfleet, Inc.'s trailing-twelve-month revenue grew 15.1% year on year, with a free-cash-flow margin of 3.5%. Where it stands out: gross margin of 55.7% ranks 7 of 48 electronic equipment & instruments companies we cover. Where it lags: change in growth rate of -7.3pp ranks 45 of 53 electronic equipment & instruments companies we cover.

Current signal Results well short of expectations: Reported earnings per share missed the analysts' consensus estimate by 133% in the quarter to 2026-06-30.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 15.1% over the last 12 months, against a median of 9.8% for electronic equipment & instruments companies we cover.
  • Margins widening. Operating margin is up 7.3 points on a year ago.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 6.0% over 90 days.

Things to watch

  • Results due soon. Results are expected around 9 November; the share price can move sharply on the day.
  • Growth slowing. The growth rate is 7.3 points lower than a quarter earlier.
  • Share dilution. Diluted shares rose 6.0% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 63% and a beta of 2.0 against the S&P 500.
  • Heavily shorted. 10.5% of the shares available to trade are sold short (8.5 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 3 of the last four quarters.

Latest results: FY2027 Q1

Filed August 10, 2026
Earnings per share
-$0.01 against an average estimate of $0.03: missed by 133.3%
Revenue
$111m, up 6.4% on a year earlier
Share reaction
-35.6% in the first session after the results on August 10, 2026, against -0.3% for the S&P 500
Guidance given
revenue $468m to $473m (full year fiscal 2027); net loss $6m to $8m (full year fiscal 2027)
Next report
November 9, 2026; average EPS estimate $0.01

Powerfleet's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.7%
  • 1 week+13.1%
  • 1 month+4.6%
  • This year-44.7%
  • 1 year-42.4%
  • 5 years-59.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$450M
Operating margin
4.9%
Net margin
-4.2%
EPS (TTM, diluted)
$-0.14

Growth

Revenue growth
+15.1%
Change in growth rate
−7.3 pts
Share count change
+6.0%

Cash

Free cash flow (TTM)
$15.8M
FCF margin
3.5%
Stock pay % of revenue
2.0%

Earnings

Last results
August 10, 2026
Next results (est.)
November 9, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Leadership
  3. Results
  4. Guidance
  5. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Powerfleet, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Our value per share comes from a discounted-cash-flow model of Powerfleet, Inc.'s free cash flow after stock-based pay ( $4.8M, FY2027 Q1 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Powerfleet, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 11.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.53 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$2.0 ~$0.8–$2.9 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$5.0 ~$4.0–$7.4 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$9.0 ~$6.7–$19 Included, half weight
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$3.9 ~$2.0–$9.0 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Powerfleet, Inc. with Electronic Equipment & Instruments in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 201820192020202120222023202420252026Now
Share price$6.94$5.59$6.51$7.43$4.74$2.69$3.42$5.49$3.08$2.94
Market value$104m$96m$133m$221m$164m$96m$122m$658m$412m$394m
+ Net debt (− = net cash)$0$0$0$0$0$0$0$235m$250m$253m
Enterprise value$104m$96m$133m$221m$164m$96m$122m$893m$662m$647m
Multiples
Price / sales 2.5x1.8x1.6x1.9x1.3x0.7x0.9x1.8x0.9x0.9x
Price / earnings ——————————
Price / free cash flow 29.4x——39.0x——130.6x—46.6x24.9x
EV / EBITDA ———44.4xn/m74.2x—41.3x8.3x10.2x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

33 /100

Weak moat

How hard Powerfleet's competitive advantage looks for rivals to wear away, judged from 8 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -1.2% of total assets over 7 years.

  • Pricing power 16 / 20

    Gross margin has been a median 50.5%, moving by 2.9 percentage points (standard deviation) across 8 years.

  • Durability 10 / 20

    Operating margin has been a median -6.9%; its worst year was -18.5%.

  • Cash conversion 4 / 20

    Free cash flow was positive in 3 of 7 years, at a median -1.9% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (38 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 9, 2026, before the open. Analysts expect revenue of $115m and EPS of $0.01 (range −$0.03 to $0.05) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.11 +34% $469m +6%
Next $0.27 +147% $526m +12%

Next year's EPS estimate has moved +6.0% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −23.2% on 90 days ago. In the last 30 days, 0 analysts raised Powerfleet, Inc.'s forecast and 2 cut it.

Consensus EPS forecast Powerfleet, Inc., last 90 days
$0.00 $0.10 $0.20 $0.30 $0.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.14 Current fiscal year, 60 days ago: $0.14 Current fiscal year, 30 days ago: $0.10 Current fiscal year, 7 days ago: $0.10 Current fiscal year, Now: $0.11 $0.11 Next fiscal year, 90 days ago: $0.25 Next fiscal year, 60 days ago: $0.25 Next fiscal year, 30 days ago: $0.34 Next fiscal year, 7 days ago: $0.34 Next fiscal year, Now: $0.27 $0.27

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.14$0.25
60 days ago $0.14$0.25
30 days ago $0.10$0.34
7 days ago $0.10$0.34
Now $0.11$0.27

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.03 −$0.01 −133.3%
Mar 2026 $0.02 $0.04 +77.8%
Dec 2025 $0.04 $0.02 −42.9%
Sept 2025 $0.04 $0.02 −50.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 10, 2026
  • Revenue full year fiscal 2027 $468m to $473m
    “Revenue is expected to range from $468 million to $473 million, representing approximately 6% year-over-year growth at the midpoint.” source
  • Annualized Q4'27 revenue Q4’27 about $495m
    “We anticipate annualized Q4'27 revenue of approximately $495 million, with adjusted EBITDA margins of approximately 27%," Towe concluded.” source
  • Net loss full year fiscal 2027 $6m to $8m
    “Net loss is expected to range from $6 million to $8 million, with weighted-average fully diluted shares outstanding of approximately 134 million.” source
  • Adjusted EBITDA full year fiscal 2027 $111m to $114m Non-GAAP
    “Adjusted EBITDA is expected to range from $111 million to $114 million, representing approximately 16% year-over-year growth and a margin of approximately 24% at the midpoint.” source
  • Adjusted EBITDA margin full year fiscal 2027 about 24% Non-GAAP
    “Adjusted EBITDA is expected to range from $111 million to $114 million, representing approximately 16% year-over-year growth and a margin of approximately 24% at the midpoint.” source
  • Free cash flow full year fiscal 2027 $20m to $23m Non-GAAP
    “Free cash flow is expected to range from $20 million to $23 million, consistent with the revised adjusted EBITDA guidance.” source
Show 1 more item
  • Adjusted EBITDA margin Q4’27 about 27% Non-GAAP
    “We anticipate annualized Q4'27 revenue of approximately $495 million, with adjusted EBITDA margins of approximately 27%," Towe concluded.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Powerfleet, Inc.'s revenue by +9.1% next year and +12.8% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+7.4%, weight 49%) , management guidance (+7.7%, weight 22%) and the company's own record (+13.0%, weight 29%) . How the weights are set.

Analyst recommendations

7 analysts, Oct 2026
Buy686%
Hold114%
Sell00%

Monthly trend

  1. Oct 20261517
  2. Sep 20261517
  3. Aug 20261517
  4. Jul 2026257

Counts of recommendations published by analysts covering Powerfleet, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
10.5%
of tradable shares
Days to cover
8.5
at average volume
Short interest, 1 month
−7%
to October 15, 2026
Held by institutions
87%
of shares
Held by insiders
6.3%
of shares
Employees
2,658
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −42.4%

$5.10 on October 31, 2025 to $2.94

ThenNowEffect
Revenue (last 12 months) $391m $450m +15.1%
P/S multiple 1.6x 0.9x −46.9%
Share count 126m 134m −5.6%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +63.3%

$1.80 on November 3, 2023 to $2.94

ThenNowEffect
Revenue (last 12 months) $133m $450m +238.6%
P/S multiple 1.4x 0.9x −39.3%
Share count 107m 134m −20.5%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
AIOT−36%−43%+27%+95%−20%−45%
Industry peers (median)0%−37%+13%−1%−5%−15%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
AIOT42%25%42%50%33%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
AIOT−50%−58%−49%−25%−55%−58%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 81% from March 17, 2021 to November 2, 2023. Getting back needed a 423% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$2.39 – $5.65
From 52-week high
−48.0%
vs 50-day average
+4.3%
vs 200-day average
−16.2%
Volatility (1 year)
63%
Beta vs S&P 500
2.02

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±15.5%
After a week
6 up, 6 down
typical move ±18.1%
After a month
6 up, 6 down
typical move ±17.4%
Results releasedNext dayS&P 500 next day5 days21 days
August 10, 2026 −35.6% −0.3% −34.7% −32.7%
June 15, 2026 −1.9% +1.2% −8.8% 0.0%
February 9, 2026 −13.8% +0.2% −21.7% −32.6%
November 10, 2025 +2.5% +1.8% −8.0% +9.2%
August 11, 2025 +20.2% +0.9% +18.3% +29.2%
June 16, 2025 +4.7% +0.1% +2.7% +1.8%
May 23, 2025 −13.7% +1.4% −20.2% −22.4%
February 10, 2025 +43.0% +0.8% +37.8% −1.2%
November 12, 2024 +13.8% −0.3% +18.4% +23.7%
August 22, 2024 0.0% +0.3% −0.2% −2.5%
August 5, 2024 +13.7% −2.0% +5.6% +7.2%
March 12, 2024 +22.8% +0.9% +40.7% +46.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Powerfleet, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Powerfleet, Inc.
$0 $200M $400M $600M FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue (TTM), FY24 Q2: $132.7M Revenue (TTM), FY24 Q3: $133.7M Revenue (TTM), FY24 Q4: $134.6M Revenue (TTM), FY25 Q1: $178M Revenue (TTM), FY25 Q2: $220.7M Revenue (TTM), FY25 Q3: $292.6M Revenue (TTM), FY25 Q4: $362.5M Revenue (TTM), FY26 Q1: $391.2M Revenue (TTM), FY26 Q2: $425.9M Revenue (TTM), FY26 Q3: $432.9M Revenue (TTM), FY26 Q4: $443.8M Revenue (TTM), FY27 Q1: $450.4M $450.4M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $132.7M
FY24 Q3 $133.7M
FY24 Q4 $134.6M
FY25 Q1 $178M
FY25 Q2 $220.7M
FY25 Q3 $292.6M
FY25 Q4 $362.5M
FY26 Q1 $391.2M
FY26 Q2 $425.9M
FY26 Q3 $432.9M
FY26 Q4 $443.8M
FY27 Q1 $450.4M
Revenue growth, TTM YoY Powerfleet, Inc.
-50% 0% 50% 100% 150% 200% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue growth, TTM YoY, FY24 Q2: -2.8% Revenue growth, TTM YoY, FY24 Q3: -1.6% Revenue growth, TTM YoY, FY24 Q4: -0.6% Revenue growth, TTM YoY, FY25 Q1: 33.8% Revenue growth, TTM YoY, FY25 Q2: 66.3% Revenue growth, TTM YoY, FY25 Q3: 118.8% Revenue growth, TTM YoY, FY25 Q4: 169.3% Revenue growth, TTM YoY, FY26 Q1: 119.8% Revenue growth, TTM YoY, FY26 Q2: 92.9% Revenue growth, TTM YoY, FY26 Q3: 47.9% Revenue growth, TTM YoY, FY26 Q4: 22.4% Revenue growth, TTM YoY, FY27 Q1: 15.1% 15.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 -2.8%
FY24 Q3 -1.6%
FY24 Q4 -0.6%
FY25 Q1 33.8%
FY25 Q2 66.3%
FY25 Q3 118.8%
FY25 Q4 169.3%
FY26 Q1 119.8%
FY26 Q2 92.9%
FY26 Q3 47.9%
FY26 Q4 22.4%
FY27 Q1 15.1%
Operating margin (TTM) Powerfleet, Inc.
-20% -10% 0% 10% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Operating margin (TTM), FY24 Q2: -7.1% Operating margin (TTM), FY24 Q3: -9.4% Operating margin (TTM), FY24 Q4: -13.5% Operating margin (TTM), FY25 Q1: -18.5% Operating margin (TTM), FY25 Q2: -13.3% Operating margin (TTM), FY25 Q3: -9.1% Operating margin (TTM), FY25 Q4: -7.1% Operating margin (TTM), FY26 Q1: -2.5% Operating margin (TTM), FY26 Q2: -1.4% Operating margin (TTM), FY26 Q3: 0.4% Operating margin (TTM), FY26 Q4: 4.4% Operating margin (TTM), FY27 Q1: 4.9% 4.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q2 -7.1%
FY24 Q3 -9.4%
FY24 Q4 -13.5%
FY25 Q1 -18.5%
FY25 Q2 -13.3%
FY25 Q3 -9.1%
FY25 Q4 -7.1%
FY26 Q1 -2.5%
FY26 Q2 -1.4%
FY26 Q3 0.4%
FY26 Q4 4.4%
FY27 Q1 4.9%
FCF margin (TTM) Powerfleet, Inc.
-15% -10% -5% 0% 5% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 FCF margin (TTM), FY24 Q2: -0.0% FCF margin (TTM), FY24 Q3: 0.7% FCF margin (TTM), FY24 Q4: -0.9% FCF margin (TTM), FY25 Q1: -7.3% FCF margin (TTM), FY25 Q2: -8.6% FCF margin (TTM), FY25 Q3: -12.0% FCF margin (TTM), FY25 Q4: -6.4% FCF margin (TTM), FY26 Q1: -3.5% FCF margin (TTM), FY26 Q2: -1.0% FCF margin (TTM), FY26 Q3: 3.0% FCF margin (TTM), FY26 Q4: 2.0% FCF margin (TTM), FY27 Q1: 3.5% 3.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q2 -0.0%
FY24 Q3 0.7%
FY24 Q4 -0.9%
FY25 Q1 -7.3%
FY25 Q2 -8.6%
FY25 Q3 -12.0%
FY25 Q4 -6.4%
FY26 Q1 -3.5%
FY26 Q2 -1.0%
FY26 Q3 3.0%
FY26 Q4 2.0%
FY27 Q1 3.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-KT, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2018 Dec 2017 2019 Dec 2018 2020 Dec 2019 2021 Dec 2020 2022 Dec 2021 2023 Dec 2022 2024 Dec 2023 2025 Mar 2025 2026 Mar 2026 LTM Jun 2026
Income
Revenue 41 53 82 114 126 136 134 363 444 450
Gross profit 21 26 38 59 60 65 67 195 246 251
EBITDA −3 −4 −6 5 0 1 −3 22 80 63
Operating income −4 −6 −10 −3 −8 −7 −13 −26 20 22
Net income −4 −6 −11 −9 −13 −7 −6 −51 −21 −19
Diluted EPS −$0.26 −$0.34 −$0.59 −$0.46 −$0.64 −$0.49 −$0.49 −$0.43 −$0.15 −$0.14
Growth (year on year)
Revenue — +29.6% +54.4% +38.7% +10.9% +7.9% −1.6% +171.1% +22.4% +15.1%
EBITDA — — — — −92.3% — — — +269.5% +106.1%
Margins
Gross margin 51.1% 48.6% 46.8% 52.0% 47.4% 47.8% 50.2% 53.7% 55.5% 55.7%
EBITDA margin −7.2% −7.9% −7.8% 4.4% 0.3% 0.9% −2.3% 6.0% 18.0% 14.0%
Operating margin −10.0% −10.8% −11.9% −3.0% −6.5% −5.1% −9.4% −7.1% 4.4% 4.9%
Net margin −9.4% −11.0% −13.4% −7.9% −10.1% −5.0% −4.2% −14.1% −4.6% −4.2%
Free-cash-flow margin 8.6% −3.7% −10.1% 5.0% −6.2% −2.0% 0.7% −6.4% 2.0% 3.5%
Cash flow
Cash from operations 4 −2 −7 9 −5 1 4 −3 30 34
Capital spending 0 0 1 3 2 4 3 20 22 18
Free cash flow 4 −2 −8 6 −8 −3 1 −23 9 16
Stock-based pay 2 2 4 4 5 4 4 9 8 9
Free cash flow after stock pay 1 −4 −12 1 −12 −7 −3 −33 1 7
Balance sheet
Cash — — — — — — — 44 36 33
Total debt 0 0 35 34 30 26 42 279 287 286
Net debt (negative = net cash) — — — — — — — 235 250 253
Diluted shares 15m 17m 20m 30m 35m 36m 36m 120m 134m 134m
Returned to shareholders
Buybacks — 1 0 — — 0 0 3 0 —
Total returned — 1 0 — — 0 0 3 0 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 7 checks passed · June 30, 2026
What it owns · $963m
Short-term assets $174mLonger-term assets $789m
What it owes, and who funded it · $956m
Short-term liabilities $158mLonger-term liabilities $316mShareholders' equity $483m
  • Short-term assets cover short-term liabilities $174m of assets due within a year against $158m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $174m short-term assets against $316m of longer-dated liabilities.
  • More cash than debt $33m of cash against $236m of debt.
  • Debt below 40% of shareholders' equity Debt is 49% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 20% to 49% over five years.
  • A year's operating cash flow covers at least 20% of debt $34m of operating cash flow against $236m of debt.
  • Operating profit covers interest at least five times over Operating income of $22m against $28m of interest.

From Powerfleet, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q4 TTM
Buybacks (TTM)
$0
Returned to shareholders
0%
of free cash flow
Buybacks, last 3 fiscal years
$3M
Diluted share count
+6.0%
year over year
Total shareholder yield
0.0%
dividends 0.0% + buybacks 0.0% of market value
R&D spending
4.0%
of revenue
Sales & admin spending
46.9%
of revenue
Days sales outstanding
74 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in electronic equipment & instruments
Last 12 months unless stated AIOT DDD CAN ITRN TRNS ARLO Median
Revenue, last 12 months $450m $388m $530m $359m $348m $587m $104m
Revenue growth, last 12 months 15.1% −6.2% 96.7% 6.8% 20.9% 15.6% 9.8%
Revenue growth, 3-year average 50.2% −9.0% — 28.3% 13.8% 7.5% 7.2%
Revenue growth, latest quarter 6.4% −0.3% — — 21.6% 20.5% 16.5%
Gross margin 55.7% 33.8% 7.8% 49.7% 32.5% 46.0% 38.5%
Operating margin 4.9% −15.8% −21.2% 21.5% 3.3% 2.7% −7.3%
Operating margin, 3-year average −5.4% −56.3% — 21.9% 5.7% −1.5% −5.1%
Net margin −4.2% −14.2% −39.7% 16.1% 1.0% 5.2% −5.3%
Cash from operations / revenue 7.6% −10.9% −51.2% 24.7% 11.5% 13.3% −1.6%
Free-cash-flow margin 3.5% −13.5% −55.8% 18.6% 7.3% 12.2% −2.5%
Free-cash-flow margin, 3-year average −2.4% −17.9% — 15.0% 7.2% 10.7% 3.7%
Stock pay / revenue 2.0% 3.5% 4.3% — 2.4% 12.2% 3.0%
Change in share count 6.0% 9.1% 72.9% −0.1% 1.1% 10.0% 1.9%

Median of all 53 companies we cover in electronic equipment & instruments. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

53 electronic equipment & instruments companies
Measure Company Peer median Rank
Revenue growth Growth 15.1% 9.8% 22 of 53
Change in growth rate Growth -7.3pp +2.3pp 45 of 53
Gross margin Profitability 55.7% 39.7% 7 of 48
Operating margin Profitability 4.9% -7.3% 17 of 53
Net margin Profitability -4.2% -5.3% 26 of 53
Free-cash-flow margin Cash generation 3.5% -2.1% 20 of 52
Stock pay as % of revenue Cash generation 2.0% 3.0% 16 of 49
Long-term debt as % of assets Balance sheet 23.8% 15.2% 21 of 31
Change in share count Balance sheet 6.0% 1.9% 26 of 46
Days sales outstanding Balance sheet 74 days 68 days 30 of 52

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to March 31, 2026
Products and services
Line of business Revenue Share YoY
Services $360M 81.1% ▲ 29.9%
Products $84M 18.9% ▼ 1.9%
Geography
Region Revenue Share YoY
United States $159M 35.9% ▲ 31.0%
Africa $110M 24.7% ▲ 12.4%
Israel $58.4M 13.2% ▲ 17.8%
Europe and Middle East $51.1M 11.5% ▲ 18.3%
Australia $43M 9.7% ▲ 38.8%
Other $22.3M 5.0% ▲ 13.8%

From Powerfleet, Inc.'s 10-K filed June 15, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$439M
Institutions reporting
179
Shares held vs prior quarter
▼ 2.5%
Positions opened / closed
21 / 31

Top buyers and sellers, Q2 2026: 103 institutions bought and 85 sold ; the biggest buyer was 325 Capital LLC (+1.4M shares) and the biggest seller Nuveen, LLC (−2.9M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $39.5M 10.3M 9.0% ▲ 3.4%
Private Capital Management, LLC $28.6M 7.5M 6.5% ▼ 0.2%
Disciplined Growth Investors Inc $24M 6.3M 5.5% ▼ 14.5%
Private Management Group Inc $22M 5.7M 5.0% ▲ 4.0%
Royce & Associates LP $21.2M 5.5M 4.8% ▲ 11.3%
325 Capital LLC $20.2M 5.3M 4.6% ▲ 37.7%
Samjo Management, LLC $20.1M 5.3M 4.6% ▲ 31.6%
Vanguard Capital Management LLC $19.6M 5.1M 4.5% ▲ 0.2%
Dimensional Fund Advisors LP $16.1M 4.2M 3.7% ▲ 1.5%
Centerbook Partners LP $15.7M 4.1M 3.6% ▲ 19.4%
Pinnacle Associates Ltd $15.3M 4.0M 3.5% ▲ 27.3%
Vanguard Portfolio Management LLC $15M 3.9M 3.4% ▲ 6.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Powerfleet, Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 9, 2026 estimated from the company's past filing pattern, not announced

  • August 10, 2026
  • June 15, 2026
  • February 9, 2026
  • November 10, 2025
  • August 11, 2025
  • June 16, 2025

Recent SEC filings

Data status

When each part of this page on Powerfleet, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Powerfleet, Inc. in brief

What does Powerfleet, Inc. do?
Powerfleet, Inc. is a US-listed company in the electronic equipment & instruments industry. Its financial year ends in March.
What is Powerfleet, Inc.'s stock ticker?
Powerfleet, Inc. trades under the ticker AIOT on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Powerfleet, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Powerfleet, Inc. reported revenue of $450M, 15.1% higher than a year earlier, according to its SEC filings.
What is Powerfleet, Inc.'s free cash flow?
Powerfleet, Inc.'s free-cash-flow margin is 3.5% of revenue over the trailing twelve months, ranking 20 of the 52 electronic equipment & instruments companies we cover.
Who are Powerfleet, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Private Capital Management, LLC and Disciplined Growth Investors Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Powerfleet, Inc. buying back stock, and does it pay a dividend?
Powerfleet, Inc. spent $0 on share repurchases over the trailing twelve months, and its diluted share count still rose 6.0% over the year.
What is Powerfleet, Inc.'s market cap?
On November 2, 2026, Powerfleet, Inc.'s market capitalisation was about $394M and net debt of $253M. Market figures come from third-party market data and may be delayed.
How much debt does Powerfleet, Inc. have?
Powerfleet, Inc.'s debt-to-equity ratio is 48.9%, from its latest balance sheet (19.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are Powerfleet, Inc.'s competitors?
In our Electronic Equipment & Instruments peer group, the companies closest to Powerfleet, Inc. are 3d Systems Corp, Canaan Inc., Ituran Location & Control Ltd., Transcat Inc and Arlo Technologies, Inc. The side-by-side comparison below sets their revenue, margins and growth against Powerfleet, Inc.'s.
When is Powerfleet, Inc.'s next earnings date?
Around November 9, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Powerfleet, Inc. announces its own schedule.