PowerFleet (AIOT) financial statements
PowerFleet reported revenue of $444M in fiscal 2026, up 34.7% a year over 8 years.
Net income was -$21M and the operating margin 4.4%, against -10.0% in 2017.
Free cash flow was -$10M.
The diluted share count rose 794% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from PowerFleet's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $41M | $53M | $82M | $114M | $126M | $136M | $134M | $363M | $444M |
| Cost of revenue | $20M | $27M | $44M | $55M | $66M | $71M | $67M | $168M | $197M |
| Gross profit | $21M | $26M | $38M | $59M | $60M | $65M | $67M | $195M | $246M |
| Research and development | $5M | $7M | $9M | $11M | $11M | $8M | $8M | $16M | $18M |
| Selling, general and admin | $20M | $25M | $34M | $52M | $56M | $63M | $71M | $204M | $208M |
| Operating income | -$4M | -$6M | -$10M | -$3M | -$8M | -$7M | -$13M | -$26M | $20M |
| Interest expense | $342,000 | $173,000 | $1M | $4M | $3M | -$994,000 | $2M | $20M | $28M |
| Pre-tax income | -$4M | -$6M | -$11M | -$8M | -$11M | -$6M | -$5M | -$46M | -$11M |
| Income tax | $311,000 | — | -$75,000 | $1M | $2M | $870,000 | $589,000 | $5M | $9M |
| Net income | -$4M | -$6M | -$11M | -$9M | -$13M | -$7M | -$6M | -$51M | -$21M |
| EPS (diluted) | -$0.26 | -$0.34 | -$0.59 | -$0.46 | -$0.64 | -$0.49 | -$0.49 | -$0.43 | -$0.15 |
| Diluted shares | 15M | 17M | 20M | 30M | 0M | 36M | 36M | 120M | 134M |
| Gross margin | 51.1% | 48.6% | 46.8% | 52.0% | 47.4% | 47.8% | 50.2% | 53.7% | 55.5% |
| Operating margin | -10.0% | -10.8% | -11.9% | -3.0% | -6.5% | -5.1% | -9.4% | -7.1% | 4.4% |
| Net margin | -9.4% | -11.0% | -13.4% | -7.9% | -10.1% | -5.0% | -4.2% | -14.1% | -4.6% |
Balance sheet
Fiscal years, from PowerFleet's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $5M | $11M | $16M | $18M | $26M | $18M | $19M | $44M | $36M |
| Receivables | — | $9M | $27M | $24M | $32M | $33M | $32M | $79M | $94M |
| Inventory | — | $5M | $16M | $13M | $18M | $22M | $23M | $18M | $22M |
| Total current assets | — | $33M | $71M | $65M | $88M | $81M | $82M | $169M | $179M |
| Property, plant and equipment | — | $2M | $8M | $9M | $9M | $9M | $12M | $58M | $62M |
| Goodwill | — | $7M | $89M | $83M | $83M | $83M | $83M | $383M | $412M |
| Total assets | — | $58M | $223M | $220M | $230M | $218M | $218M | $910M | $956M |
| Total current liabilities | — | $17M | $43M | $36M | $44M | $45M | $59M | $151M | $158M |
| Long-term debt | — | — | $27M | $23M | $18M | $11M | — | $232M | $230M |
| Total liabilities | — | $26M | $91M | $88M | $85M | $77M | $80M | $463M | $474M |
| Shareholders' equity | $33M | $32M | $84M | $79M | $92M | $69M | $58M | $447M | $475M |
| Net debt | -$5M | -$10M | $13M | $10M | -$2M | -$2M | -$8M | $193M | $199M |
Cash flow
Fiscal years, from PowerFleet's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4M | -$2M | -$7M | $9M | -$5M | $1M | $4M | -$3M | $30M |
| Capital spending | $386,000 | $251,000 | $1M | $3M | $2M | $6M | $7M | $34M | $40M |
| Free cash flow | $4M | -$2M | -$8M | $6M | -$8M | -$5M | -$3M | -$37M | -$10M |
| Stock-based compensation | $2M | $2M | $4M | $4M | $5M | $4M | $4M | $9M | $8M |
| Share buybacks (net) | — | -$652,000 | -$317,000 | — | — | -$211,000 | -$141,000 | -$3M | $0 |
| Net borrowing | — | — | $28M | -$3M | -$6M | $50,000 | -$87,000 | $142M | $112,000 |
| Free cash flow margin | 8.6% | -3.7% | -10.1% | 5.0% | -6.2% | -3.7% | -2.0% | -10.2% | -2.2% |
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Open AIOT in InvestinglyQuestions
What was PowerFleet's revenue in 2026?
$444M in fiscal 2026, from its 10-K filing.
How much free cash flow does PowerFleet generate?
-$10M in fiscal 2026 (operating cash flow minus capital spending).
From PowerFleet's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.