Powerfleet, Inc. balance sheet
At the end of fiscal 2026, Powerfleet, Inc. had total assets of $956m, total liabilities of $474m and shareholders' equity of $475m. It held $36.5m in cash against $287m of debt.
Balance sheet
| Fiscal year | 2018Dec 2017 | 2019Dec 2018 | 2020Dec 2019 | 2021Dec 2020 | 2022Dec 2021 | 2023Dec 2022 | 2024Dec 2023 | 2025Mar 2025 | 2026Mar 2026 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | — | — | — | — | — | 44 | 36 | 33 |
| Receivables | — | 9 | 27 | 24 | 32 | 33 | 32 | 79 | 94 | 91 |
| Inventory | — | 5 | 16 | 13 | 18 | 22 | 23 | 18 | 22 | 22 |
| Total current assets | — | 33 | 71 | 65 | 88 | 81 | 82 | 169 | 179 | 174 |
| Goodwill | — | 7 | 89 | 83 | 83 | 83 | 83 | 383 | 412 | 421 |
| Total assets | — | 58 | 223 | 220 | 230 | 218 | 218 | 910 | 956 | 963 |
| Accounts payable | — | 7 | 15 | 10 | 18 | 15 | 19 | 42 | 46 | 44 |
| Deferred revenue (current) | — | 8 | 9 | 7 | 7 | 6 | 6 | 17 | 20 | 21 |
| Total current liabilities | — | 17 | 43 | 36 | 44 | 45 | 59 | 151 | 158 | 158 |
| Short-term debt | — | — | 3 | 5 | 6 | 5 | 11 | 5 | 6 | 7 |
| Long-term debt | — | — | 27 | 23 | 18 | 11 | — | 232 | 230 | 229 |
| Total debt | 0 | 0 | 35 | 34 | 30 | 26 | 42 | 279 | 287 | 286 |
| Total liabilities | — | 26 | 91 | 88 | 85 | 77 | 80 | 463 | 474 | 474 |
| Shareholders' equity | 33 | 32 | 84 | 79 | 92 | 69 | 58 | 447 | 475 | 483 |
| Non-controlling interests and other (assets − liabilities − equity) | — | — | 47 | 52 | 53 | 72 | 80 | — | — | — |
| Shares outstanding | — | 18m | — | 31m | 36m | 36m | 37m | 133m | 134m | 134m |
| Quarter | 2025 Q2Sept 2024 | 2025 Q3Dec 2024 | 2025 Q4Mar 2025 | 2026 Q1Jun 2025 | 2026 Q2Sept 2025 | 2026 Q3Dec 2025 | 2026 Q4Mar 2026 | 2027 Q1Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 65 | 82 | 79 | 81 | 85 | 92 | 94 | 91 |
| Inventory | 23 | 28 | 18 | 24 | 22 | 22 | 22 | 22 |
| Total current assets | 195 | 174 | 169 | 168 | 168 | 175 | 179 | 174 |
| Goodwill | 300 | 375 | 383 | 395 | 401 | 413 | 412 | 421 |
| Total assets | 748 | 909 | 910 | 931 | 937 | 959 | 956 | 963 |
| Accounts payable | 42 | 42 | 42 | 48 | 50 | 48 | 46 | 44 |
| Deferred revenue (current) | 10 | 18 | 17 | 17 | 17 | 16 | 20 | 21 |
| Total current liabilities | 114 | 144 | 151 | 157 | 156 | 160 | 158 | 158 |
| Short-term debt | 3 | 4 | 5 | 5 | 6 | 6 | 6 | 7 |
| Long-term debt | 111 | 234 | 232 | 233 | 232 | 231 | 230 | 229 |
| Total debt | 114 | 238 | 237 | 238 | 238 | 237 | 236 | 236 |
| Total liabilities | 297 | 450 | 463 | 470 | 468 | 474 | 474 | 474 |
| Shareholders' equity | 451 | 458 | 447 | 461 | 469 | 485 | 475 | 483 |
| Shares outstanding | 108m | 132m | 133m | 133m | 134m | 134m | 134m | 134m |
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