Powerfleet, Inc.AIOTEarnings & Financial Report
Powerfleet, Inc. is an American company headquartered in Woodcliff Lake, New Jersey, that operates as a global provider of IoT and M2M solutions for securing, controlling, and tracking high-value enterprise assets. The company is a provider in the international telematics industry, providing fleet management, asset tracking, freight visibility, and driver behavior monitoring for industrial trucks, vehicle fleets, and shipping containers.
Revenue
$75.4M
Gross Profit
$39.6M
Operating Profit
$-18.2M
Net Profit
$-22.3M
Gross Margin
52.6%
Operating Margin
-24.2%
Net Margin
-29.6%
YoY Growth
135.0%
EPS
$-0.21
Financial Flow
Powerfleet, Inc. Q1 2025 Financial Summary
Powerfleet, Inc. reported revenue of $75.4M (up 135.0% YoY) for Q1 2025, with a net profit of $-22.3M (down 583.3% YoY) (-29.6% margin). Cost of goods sold was $35.8M, operating expenses totaled $57.9M.
Key Financial Metrics
| Total Revenue | $75.4M |
|---|---|
| Net Profit | $-22.3M |
| Gross Margin | 52.6% |
| Operating Margin | -24.2% |
| Report Period | Q1 2025 |
Revenue Breakdown
Powerfleet, Inc. Q1 2025 revenue of $75.4M breaks down across 2 segments, led by Services at $56.7M (75.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Services | $56.7M | 75.2% |
| Products | $18.7M | 24.8% |
Powerfleet, Inc. Revenue by Segment — Quarterly Trend
Powerfleet, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Services and Products) has evolved quarter over quarter.
| Segment | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 |
|---|---|---|---|---|
| Services | $91.1M | $89.3M | $86.5M | $81.8M |
| Products | $22.4M | $22.4M | $17.7M | $21.9M |
Powerfleet, Inc. Annual Revenue by Year
Powerfleet, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $362.5M).
| Year | Annual Revenue |
|---|---|
| 2025 | $362.5M |
| 2024 | $207.3M |
| 2023 | $135.5M |
Powerfleet, Inc. Quarterly Revenue & Net Profit History
Powerfleet, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 2026 | $113.5M | +6.6% | $-3.4M | -3.0% |
| Q2 2026 | $111.7M | +45.0% | $-4.3M | -3.8% |
| Q1 2026 | $104.1M | +38.0% | $-10.2M | -9.8% |
| Q4 2025 | $103.6M | -2.6% | $-12.4M | -12.0% |
| Q3 2025 | $106.4M | +208.1% | $-14.3M | -13.5% |
| Q2 2025 | $77.0M | +124.9% | $-1.9M | -2.5% |
| Q1 2025 | $75.4M | +135.0% | $-22.3M | -29.6% |
| Q4 2024 | $106.4M | +224.0% | $-14.3M | -13.5% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $106.4M | $75.4M | $77.0M | $106.4M | $103.6M | $104.1M | $111.7M | $113.5M |
| YoY Growth | 224.0% | 135.0% | 124.9% | 208.1% | -2.6% | 38.0% | 45.0% | 6.6% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $908.7M | $684.9M | $748.3M | $908.7M | $910.1M | $930.8M | $936.9M | $959.5M |
| Liabilities | $450.1M | $294.4M | $297.2M | $450.1M | $463.3M | $469.9M | $467.9M | $474.3M |
| Equity | $458.4M | $390.4M | $451.0M | $458.4M | $446.6M | $460.7M | $468.8M | $485.0M |
Cash Flow
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $-7.6M | $-3.2M | $-6.1M | $13.5M | $4.7M | $5.5M | $10.2M |