Powerfleet, Inc. income statement
In fiscal 2026, Powerfleet, Inc. reported revenue of $444m, up 22.4% on the year before, operating income of $19.6m (a 4.4% margin) and net income of −$20.6m, or −$0.15 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2018Dec 2017 | 2019Dec 2018 | 2020Dec 2019 | 2021Dec 2020 | 2022Dec 2021 | 2023Dec 2022 | 2024Dec 2023 | 2025Mar 2025 | 2026Mar 2026 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 41 | 53 | 82 | 114 | 126 | 136 | 134 | 363 | 444 | 450 |
| Cost of revenue | 20 | 27 | 44 | 55 | 66 | 71 | 67 | 168 | 197 | 199 |
| Gross profit | 21 | 26 | 38 | 59 | 60 | 65 | 67 | 195 | 246 | 251 |
| Research and development | 5 | 7 | 9 | 11 | 11 | 8 | 8 | 16 | 18 | 18 |
| Selling, general and administrative | 20 | 25 | 34 | 52 | 56 | 63 | 71 | 204 | 208 | 211 |
| Operating income | −4 | −6 | −10 | −3 | −8 | −7 | −13 | −26 | 20 | 22 |
| Interest expense | 0 | 0 | 1 | 4 | 3 | −1 | 2 | 20 | 28 | 28 |
| Net interest income | — | — | — | — | −3 | 1 | −2 | — | — | — |
| Income before tax | −4 | −6 | −11 | −8 | −11 | −6 | −5 | −46 | −11 | −8 |
| Income tax | 0 | — | −0 | 1 | 2 | 1 | 1 | 5 | 9 | 10 |
| 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 |
| Diluted shares (average) | 15m | 17m | 20m | 30m | 35m | 36m | 36m | 120m | 134m | 134m |
| EBITDA | −3 | −4 | −6 | 5 | 0 | 1 | −3 | 22 | 80 | 63 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 77 | 106 | 104 | 104 | 112 | 113 | 114 | 111 |
| Cost of revenue | 36 | 48 | 49 | 48 | 49 | 51 | 50 | 50 |
| Gross profit | 41 | 59 | 55 | 56 | 63 | 63 | 65 | 61 |
| Research and development | 3 | 5 | 5 | 5 | 4 | 5 | 5 | 4 |
| Selling, general and administrative | 37 | 55 | 57 | 54 | 54 | 52 | 49 | 57 |
| Operating income | 1 | −1 | −7 | −2 | 4 | 6 | 11 | 0 |
| Interest expense | 4 | 8 | 6 | 7 | 7 | 7 | 7 | 7 |
| Income before tax | −2 | −11 | −13 | −10 | −3 | −0 | 2 | −7 |
| Income tax | 0 | 4 | −0 | 0 | 1 | 3 | 4 | 1 |
| Net income | −2 | −14 | −12 | −10 | −4 | −3 | −3 | −8 |
| Diluted EPS | −$0.02 | −$0.11 | −$0.10 | −$0.08 | −$0.03 | −$0.03 | −$0.02 | −$0.06 |
| EBITDA | 6 | 3 | 7 | 14 | 11 | 12 | 24 | 16 |
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