Powerfleet, Inc. AIOT

Technology SIC 3669 - Communications Equipment, NEC NAICS Manufacturing › Computer and Electronic Product Manufacturing › Communications Equipment Manufacturing › Other Communications Equipment Manufacturing derived Nasdaq

We are a global provider of Artificial Intelligence-of-Things ("AIoT") solutions providing valuable connected business intelligence for managing high-value enterprise and mid-market assets that improve operational efficiencies.

We are headquartered in Woodcliff Lake, New Jersey, with offices located around the globe.

Our Unity data highway and AIoT ecosystem is the centerpiece of our strategy. Unity has the capability to ingest data from multiple data sources, harmonizing and transforming the dataset, and delivering simply understood actionable insights through a unified Software-as-a-Service ("SaaS") platform and deep integrations with customer business systems.

Unity provides mission-critical solutions from warehouse to trailer to vehicle, allowing customers to consolidate suppliers and gain end-to-end control of their operations in a single pane of glass.

Last close 2.66 2026-10-23
Market cap $357.0M 2026-06-30 share count
52-week range 2.29 - 5.88

Valuation FY2025 figures against the last close

P/S0.8x
P/E—
P/FCF40.4x
EV/EBITDA7.0x
Dividend yield—
Diluted EPS-0.15

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • North America
  • Africa
  • Israel
  • Europe and Middle East
  • Australia
  • Other
Revenue by geography, 6 categories over 2 years. The same figures are in the table below. FY2025 North America, FY2025: 159.3M (35.9%) 36% North America Africa, FY2025: 109.7M (24.7%) 25% Africa Israel, FY2025: 58.4M (13.2%) 13% Israel Europe and Middle East, FY2025: 51.1M (11.5%) 12% Australia, FY2025: 43M (9.7%) 10% Australia Other, FY2025: 22.3M (5.0%) 5% Other FY2024 North America, FY2024: 121.6M (33.5%) 34% Africa, FY2024: 97.6M (26.9%) 27% Israel, FY2024: 49.6M (13.7%) 14% Europe and Middle East, FY2024: 43.2M (11.9%) 12% Australia, FY2024: 31M (8.5%) 9% Other, FY2024: 19.6M (5.4%) 5%
Region FY2025FY2024
North America $159.3M $121.6M
Africa $109.7M $97.6M
Israel $58.4M $49.6M
Europe and Middle East $51.1M $43.2M
Australia $43.0M $31.0M
Other $22.3M $19.6M

As the company reported it, from the “SEGMENT INFORMATION - Schedule of Revenues and Long Lived Assets by Geographical Region (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $443.8M$362.5M$133.7M$135.9M$126.0M$113.6M$81.9M$53.1M$41.0M—
Cost of revenue $197.4M$168.0M$66.7M$70.9M$66.2M$54.6M$43.6M$27.3M$20.0M—
Gross profit $246.4M$194.5M$67.1M$65.0M$59.8M$59.0M$38.4M$25.8M$20.9M—
R&D $18.4M$16.1M$8.4M$8.5M$11.4M$10.6M$8.5M$6.9M$4.5M—
SG&A $208.5M$204.4M$71.3M$63.5M$56.5M$51.9M$34.4M$24.7M$20.5M—
Total operating expenses $226.8M$220.4M$79.6M$72.0M$67.9M$62.5M$48.1M$31.5M$25.0M—
Operating income $19.6M-$25.9M-$12.6M-$7.0M-$8.2M-$3.5M-$9.8M-$5.7M-$4.1M—
Interest expense $27.5M$20.3M$1.6M$994.0K$2.8M$4.5M$1.4M$173.0K$342.0K—
Pre-tax income -$11.3M-$46.5M-$5.1M-$5.9M-$10.9M-$8.0M-$11.1M-$5.8M-$4.2M—
Income tax $8.7M$4.5M$589.0K$870.0K$1.9M$1.0M$75.0K—$311.0K—
Net income $20.6M$51.0M$8.5M$5.7M$6.8M$13.3M-$11.0M-$5.8M——
EPS, basic -0.15-0.43-0.49-0.49-0.64-0.46-0.59———
EPS, diluted -0.15-0.43-0.49-0.49-0.64-0.46-0.59-0.34-0.26—
Shares, diluted (wtd. avg.) 133.8M119.9M35.6M35.6M34,57129.7M20.5M———

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $36.5M$44.4M$19.0M$17.7M$26.5M$18.1M$16.4M$10.2M$5.1M$5.0M
Short-term investments ———————$394.0K——
Receivables $93.8M$78.6M$30.3M$32.6M$31.9M$24.1M$27.0M$9.2M——
Inventory $22.4M$18.4M$21.7M$22.3M$20.3M$12.9M$16.4M$4.6M——
Total current assets $179.2M$169.1M$169.8M$81.2M$85.2M$64.8M$71.2M$32.7M——
Property, plant and equipment $62.4M$58.0M$12.7M$9.2M$8.5M$8.8M$8.2M$2.1M——
Goodwill $412.0M$383.1M$83.5M$83.5M$83.5M$83.3M$89.1M$7.3M——
Other intangibles $255.5M$258.6M$19.7M$22.9M$24.8M$31.3M$36.6M$4.7M——
Total assets $955.6M$910.1M$308.7M$218.1M$226.0M$219.6M$223.0M$57.8M——
Accounts payable $46.4M$41.6M$20.0M$14.7M$28.0M$9.9M$15.4M$6.6M——
Short-term debt $6.3M$4.8M$2.0M$4.6M$6.0M$5.3M$2.7M———
Total current liabilities $158.0M$151.0M$43.6M$44.5M$44.0M$35.9M$43.4M$16.9M——
Long-term debt $229.7M$232.2M$113.8M$11.4M$16.3M$23.2M$26.5M———
Total liabilities $473.9M$463.3M$179.8M$77.0M$83.5M$88.3M$91.5M$26.3M——
Retained earnings -$226.3M-$205.8M-$154.8M-$140.8M-$137.5M-$121.2M-$112.1M-$101.2M——
Total equity $475.5M$446.6M$57.6M$69.0M$83.4M$74.4M$84.2M$31.5M$33.0M$16.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $30.5M-$3.3M$4.4M$1.2M-$5.4M$8.8M-$7.3M-$1.7M$3.9M—
Depreciation and amortisation $60.3M$47.5M$9.4M$8.3M$8.6M$8.4M$3.3M$1.6M$1.1M—
Stock-based compensation $7.5M$9.4M$3.9M$4.3M$4.7M$4.3M$3.8M$2.2M$2.4M—
Capital expenditure $21.6M$20.0M$3.5M$4.0M$2.4M$3.2M$1.0M$251.0K$386.0K—
Investing cash flow -$39.7M-$170.6M$1.5M-$6.3M-$3.0M-$3.3M-$65.5M$6.6M-$17.7M—
Financing cash flow $151.0K$115.7M-$3.7M-$282.0K$16.2M-$3.9M$78.6M$69.0K$14.3M—
Buybacks $0$2.8M$141.0K$211.0K——$317.0K$652.0K——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-035236.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M 0 200M 400M 600M Revenue, FY2017: 41M Gross profit, FY2017: 20.9M Revenue, FY2018: 53.1M Gross profit, FY2018: 25.8M Net income, FY2018: -5.8M Revenue, FY2019: 81.9M Gross profit, FY2019: 38.4M Net income, FY2019: -11M Revenue, FY2020: 113.6M Gross profit, FY2020: 59M Net income, FY2020: 13.3M Revenue, FY2021: 126M Gross profit, FY2021: 59.8M Net income, FY2021: 6.8M Revenue, FY2022: 135.9M Gross profit, FY2022: 65M Net income, FY2022: 5.7M Revenue, FY2023: 133.7M Gross profit, FY2023: 67.1M Net income, FY2023: 8.5M Revenue, FY2024: 362.5M Gross profit, FY2024: 194.5M Net income, FY2024: 51M Revenue, FY2025: 443.8M Gross profit, FY2025: 246.4M Net income, FY2025: 20.6M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $41.0M $53.1M $81.9M $113.6M $126.0M $135.9M $133.7M $362.5M $443.8M
Gross profit — $20.9M $25.8M $38.4M $59.0M $59.8M $65.0M $67.1M $194.5M $246.4M
Net income — — -$5.8M -$11.0M $13.3M $6.8M $5.7M $8.5M $51.0M $20.6M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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