AIOT Powerfleet, Inc.

Overview and Growth

Powerfleet, Inc. generated $443.78M of revenue in fiscal 2026, with net loss of $20.55M and an operating cash inflow of $30.46M. At $443.78M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Revenue was 22.4% above fiscal 2025 revenue of $362.51M, marking a year-over-year increase. On a per-share basis, diluted EPS was -$0.15, which connects the reported earnings outcome with the company’s diluted share count. Total assets stood at $955.57M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. The revenue-to-assets relationship was 0.46x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The first profit layer was $246.42M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. The gross-profit relationship equaled 55.5% of revenue, quantifying the portion retained before operating expenses were recognized. Operations produced $19.58M of income after the reported operating expense base, before the remaining non-operating and tax effects. The operating result equaled 4.4% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. The bottom-line result was a net loss of $20.55M after operating, financing, tax, and other recognized items. Measured against revenue, the bottom-line deficit represented 4.6% after all recognized items. Before income taxes, the company recorded a loss of $11.26M, bridging the operating result to the final net loss. Measured against revenue, the pretax deficit represented 2.5%. Income tax expense totaled $8.69M, providing the reported tax component that separates pretax and after-tax earnings. The net loss equaled 4.3% of period-end equity, showing the deficit relative to book capital. The loss-to-assets relationship was 2.2%, placing the bottom-line deficit against the company’s resource base.

Liquidity and Capital Structure

At period end, the $955.57M asset base was financed through $473.95M of liabilities and $475.61M of equity. The near-term balance sheet paired $179.18M of current assets with $157.95M of current liabilities at the reporting date. At 1.13x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $36.50M in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 23.1%, excluding receivables and other current assets. Total debt was $235.95M, establishing the amount of borrowing carried within the company’s capital structure. Against book equity, debt measured 0.5x, placing the company’s financial leverage in clear balance-sheet terms. Relative to total assets, debt measured 24.7%, showing how much of the asset base was matched by borrowing. Liabilities represented 49.6% of total assets, quantifying the liability-funded share of the company’s resource base. Measured against total assets, cash and equivalents represented 3.8%, a balance-sheet composition measure rather than a liquidity forecast. Total assets were 5.0% higher than fiscal 2025 assets of $910.07M, measuring the company’s own balance-sheet change. Reported equity changed 6.5% from $446.74M in fiscal 2025, placing the current capital base higher year over year.

Cash Flow and Earnings Quality

The company reported $30.46M of operating cash flow, a cash inflow that shows the cash generated by operations. Capital expenditures used $21.62M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Relative to operating cash flow, capital expenditures measured 71.0%, connecting investment intensity with the company’s cash-generation base. After capital spending, free cash flow was $8.84M, leaving cash available for debt reduction, shareholder returns, or further investment. The free-cash-flow margin was 2.0%, measuring cash remaining after capital spending against revenue. The free-cash-flow-to-assets relationship was 0.9%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Mar 31, 2026. Analysis generated Oct 21, 2026.