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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and GRID DYNAMICS HOLDINGS, INC. (GDYN). Click either name above to swap in a different company.
Powerfleet, Inc. is the larger business by last-quarter revenue ($113.5M vs $104.1M, roughly 1.1× GRID DYNAMICS HOLDINGS, INC.). GRID DYNAMICS HOLDINGS, INC. runs the higher net margin — -1.4% vs -3.0%, a 1.5% gap on every dollar of revenue. On growth, Powerfleet, Inc. posted the faster year-over-year revenue change (6.6% vs 3.7%). Over the past eight quarters, Powerfleet, Inc.'s revenue compounded faster (81.2% CAGR vs 12.0%).
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.
Escape Dynamics, Inc. was a Colorado-based technology company that operated 2010–2015 focused on bringing to market single-stage-to-orbit reusable electromagnetically powered spaceplanes.
AIOT vs GDYN — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $113.5M | $104.1M |
| Net Profit | $-3.4M | $-1.5M |
| Gross Margin | 55.2% | 34.8% |
| Operating Margin | 5.6% | 61.7% |
| Net Margin | -3.0% | -1.4% |
| Revenue YoY | 6.6% | 3.7% |
| Net Profit YoY | 76.6% | -150.6% |
| EPS (diluted) | $-0.03 | $-0.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $104.1M | ||
| Q4 25 | $113.5M | $106.2M | ||
| Q3 25 | $111.7M | $104.2M | ||
| Q2 25 | $104.1M | $101.1M | ||
| Q1 25 | $103.6M | $100.4M | ||
| Q4 24 | $106.4M | $100.3M | ||
| Q3 24 | $77.0M | $87.4M | ||
| Q2 24 | $75.4M | $83.0M |
| Q1 26 | — | $-1.5M | ||
| Q4 25 | $-3.4M | $306.0K | ||
| Q3 25 | $-4.3M | $1.2M | ||
| Q2 25 | $-10.2M | $5.3M | ||
| Q1 25 | $-12.4M | $2.9M | ||
| Q4 24 | $-14.3M | $4.5M | ||
| Q3 24 | $-1.9M | $4.3M | ||
| Q2 24 | $-22.3M | $-817.0K |
| Q1 26 | — | 34.8% | ||
| Q4 25 | 55.2% | 34.0% | ||
| Q3 25 | 56.0% | 33.3% | ||
| Q2 25 | 54.2% | 34.1% | ||
| Q1 25 | 52.8% | 36.8% | ||
| Q4 24 | 55.2% | 36.9% | ||
| Q3 24 | 53.7% | 37.4% | ||
| Q2 24 | 52.6% | 35.6% |
| Q1 26 | — | 61.7% | ||
| Q4 25 | 5.6% | 0.5% | ||
| Q3 25 | 3.8% | -0.2% | ||
| Q2 25 | -2.0% | -0.1% | ||
| Q1 25 | -6.7% | -2.0% | ||
| Q4 24 | -1.2% | 1.3% | ||
| Q3 24 | 0.7% | 2.4% | ||
| Q2 24 | -24.2% | 0.0% |
| Q1 26 | — | -1.4% | ||
| Q4 25 | -3.0% | 0.3% | ||
| Q3 25 | -3.8% | 1.1% | ||
| Q2 25 | -9.8% | 5.2% | ||
| Q1 25 | -12.0% | 2.9% | ||
| Q4 24 | -13.5% | 4.5% | ||
| Q3 24 | -2.5% | 4.9% | ||
| Q2 24 | -29.6% | -1.0% |
| Q1 26 | — | $-0.02 | ||
| Q4 25 | $-0.03 | $0.01 | ||
| Q3 25 | $-0.03 | $0.01 | ||
| Q2 25 | $-0.08 | $0.06 | ||
| Q1 25 | $-0.09 | $0.03 | ||
| Q4 24 | $-0.11 | $0.06 | ||
| Q3 24 | $-0.02 | $0.05 | ||
| Q2 24 | $-0.21 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $31.2M | $327.5M |
| Total DebtLower is stronger | $237.8M | — |
| Stockholders' EquityBook value | $485.0M | $530.1M |
| Total Assets | $959.5M | $605.0M |
| Debt / EquityLower = less leverage | 0.49× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $327.5M | ||
| Q4 25 | $31.2M | $342.1M | ||
| Q3 25 | $27.9M | $338.6M | ||
| Q2 25 | $31.2M | $336.8M | ||
| Q1 25 | $44.4M | $325.5M | ||
| Q4 24 | $33.6M | $334.7M | ||
| Q3 24 | $26.0M | $231.3M | ||
| Q2 24 | $30.2M | $256.0M |
| Q1 26 | — | — | ||
| Q4 25 | $237.8M | — | ||
| Q3 25 | $238.2M | — | ||
| Q2 25 | $239.0M | — | ||
| Q1 25 | $237.5M | — | ||
| Q4 24 | $238.5M | — | ||
| Q3 24 | $113.6M | — | ||
| Q2 24 | $113.7M | — |
| Q1 26 | — | $530.1M | ||
| Q4 25 | $485.0M | $542.1M | ||
| Q3 25 | $468.8M | $537.7M | ||
| Q2 25 | $460.7M | $532.2M | ||
| Q1 25 | $446.6M | $517.4M | ||
| Q4 24 | $458.4M | $517.8M | ||
| Q3 24 | $451.0M | $400.2M | ||
| Q2 24 | $390.4M | $388.4M |
| Q1 26 | — | $605.0M | ||
| Q4 25 | $959.5M | $612.9M | ||
| Q3 25 | $936.9M | $613.2M | ||
| Q2 25 | $930.8M | $608.9M | ||
| Q1 25 | $910.1M | $590.9M | ||
| Q4 24 | $908.7M | $592.2M | ||
| Q3 24 | $748.3M | $477.3M | ||
| Q2 24 | $684.9M | $443.6M |
| Q1 26 | — | — | ||
| Q4 25 | 0.49× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 0.52× | — | ||
| Q3 24 | 0.25× | — | ||
| Q2 24 | 0.29× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $10.2M | — |
| Free Cash FlowOCF − Capex | $4.9M | — |
| FCF MarginFCF / Revenue | 4.4% | — |
| Capex IntensityCapex / Revenue | 4.6% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $12.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $10.2M | $9.9M | ||
| Q3 25 | $5.5M | $7.0M | ||
| Q2 25 | $4.7M | $14.4M | ||
| Q1 25 | $13.5M | $9.4M | ||
| Q4 24 | $-6.1M | $7.1M | ||
| Q3 24 | $-3.2M | $9.2M | ||
| Q2 24 | $-7.6M | $10.7M |
| Q1 26 | — | — | ||
| Q4 25 | $4.9M | $6.1M | ||
| Q3 25 | $1.2M | $2.9M | ||
| Q2 25 | $-3.4M | $10.2M | ||
| Q1 25 | $10.1M | $6.0M | ||
| Q4 24 | $-12.2M | $4.4M | ||
| Q3 24 | $-8.0M | $5.9M | ||
| Q2 24 | $-13.2M | $8.0M |
| Q1 26 | — | — | ||
| Q4 25 | 4.4% | 5.7% | ||
| Q3 25 | 1.1% | 2.8% | ||
| Q2 25 | -3.3% | 10.1% | ||
| Q1 25 | 9.8% | 6.0% | ||
| Q4 24 | -11.5% | 4.4% | ||
| Q3 24 | -10.4% | 6.8% | ||
| Q2 24 | -17.5% | 9.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | 3.6% | ||
| Q3 25 | 3.9% | 3.9% | ||
| Q2 25 | 7.8% | 4.1% | ||
| Q1 25 | 3.3% | 3.3% | ||
| Q4 24 | 5.8% | 2.6% | ||
| Q3 24 | 6.3% | 3.7% | ||
| Q2 24 | 7.4% | 3.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 32.34× | ||
| Q3 25 | — | 5.92× | ||
| Q2 25 | — | 2.73× | ||
| Q1 25 | — | 3.21× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | — | 2.15× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AIOT
| Services | $91.1M | 80% |
| Products | $22.4M | 20% |
GDYN
Segment breakdown not available.
