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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and HIVE Digital Technologies Ltd. (HIVE). Click either name above to swap in a different company.
Powerfleet, Inc. is the larger business by last-quarter revenue ($113.5M vs $93.1M, roughly 1.2× HIVE Digital Technologies Ltd.). Powerfleet, Inc. runs the higher net margin — -3.0% vs -98.1%, a 95.1% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs 6.6%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% CAGR vs 81.2%).
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.
Mastech Digital, Inc. is a digital transformation and information technology (IT) services company headquartered in Pittsburgh, Pennsylvania, providing services to corporations across North America, Middle East, Asian, and Japan.
AIOT vs HIVE — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $113.5M | $93.1M |
| Net Profit | $-3.4M | $-91.3M |
| Gross Margin | 55.2% | -27.1% |
| Operating Margin | 5.6% | — |
| Net Margin | -3.0% | -98.1% |
| Revenue YoY | 6.6% | 218.6% |
| Net Profit YoY | 76.6% | -234.0% |
| EPS (diluted) | $-0.03 | $-0.38 |
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.
| Q4 25 | $113.5M | $93.1M | ||
| Q3 25 | $111.7M | $87.3M | ||
| Q2 25 | $104.1M | $45.6M | ||
| Q1 25 | $103.6M | — | ||
| Q4 24 | $106.4M | $29.2M | ||
| Q3 24 | $77.0M | $22.6M | ||
| Q2 24 | $75.4M | $32.2M | ||
| Q4 23 | $34.5M | $22.8M |
| Q4 25 | $-3.4M | $-91.3M | ||
| Q3 25 | $-4.3M | $-15.8M | ||
| Q2 25 | $-10.2M | $35.0M | ||
| Q1 25 | $-12.4M | — | ||
| Q4 24 | $-14.3M | $68.2M | ||
| Q3 24 | $-1.9M | $80.0K | ||
| Q2 24 | $-22.3M | $-18.3M | ||
| Q4 23 | $-3.5M | $-24.5M |
| Q4 25 | 55.2% | -27.1% | ||
| Q3 25 | 56.0% | 4.7% | ||
| Q2 25 | 54.2% | -13.6% | ||
| Q1 25 | 52.8% | — | ||
| Q4 24 | 55.2% | -43.7% | ||
| Q3 24 | 53.7% | -66.1% | ||
| Q2 24 | 52.6% | -7.4% | ||
| Q4 23 | 50.3% | -52.3% |
| Q4 25 | 5.6% | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | -2.0% | — | ||
| Q1 25 | -6.7% | — | ||
| Q4 24 | -1.2% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | -24.2% | — | ||
| Q4 23 | -11.5% | — |
| Q4 25 | -3.0% | -98.1% | ||
| Q3 25 | -3.8% | -18.1% | ||
| Q2 25 | -9.8% | 76.8% | ||
| Q1 25 | -12.0% | — | ||
| Q4 24 | -13.5% | 233.2% | ||
| Q3 24 | -2.5% | 0.4% | ||
| Q2 24 | -29.6% | -56.7% | ||
| Q4 23 | -10.1% | -107.8% |
| Q4 25 | $-0.03 | $-0.38 | ||
| Q3 25 | $-0.03 | $-0.07 | ||
| Q2 25 | $-0.08 | $0.18 | ||
| Q1 25 | $-0.09 | — | ||
| Q4 24 | $-0.11 | $0.52 | ||
| Q3 24 | $-0.02 | $0.00 | ||
| Q2 24 | $-0.21 | $-0.17 | ||
| Q4 23 | $-0.18 | $-0.29 |
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 | — |
| Total DebtLower is stronger | $237.8M | — |
| Stockholders' EquityBook value | $485.0M | $559.3M |
| Total Assets | $959.5M | $624.0M |
| Debt / EquityLower = less leverage | 0.49× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.2M | — | ||
| Q3 25 | $27.9M | — | ||
| Q2 25 | $31.2M | — | ||
| Q1 25 | $44.4M | — | ||
| Q4 24 | $33.6M | $40.5M | ||
| Q3 24 | $26.0M | $31.7M | ||
| Q2 24 | $30.2M | — | ||
| Q4 23 | $19.0M | $4.5M |
| 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 | — | ||
| Q4 23 | — | — |
| Q4 25 | $485.0M | $559.3M | ||
| Q3 25 | $468.8M | $624.6M | ||
| Q2 25 | $460.7M | $560.5M | ||
| Q1 25 | $446.6M | — | ||
| Q4 24 | $458.4M | $430.9M | ||
| Q3 24 | $451.0M | $275.5M | ||
| Q2 24 | $390.4M | $268.6M | ||
| Q4 23 | $57.6M | $122.9M |
| Q4 25 | $959.5M | $624.0M | ||
| Q3 25 | $936.9M | $693.0M | ||
| Q2 25 | $930.8M | $628.7M | ||
| Q1 25 | $910.1M | — | ||
| Q4 24 | $908.7M | $478.6M | ||
| Q3 24 | $748.3M | $334.7M | ||
| Q2 24 | $684.9M | — | ||
| Q4 23 | — | — |
| 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× | — | ||
| Q4 23 | — | — |
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 | $46.0M |
| 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.
| Q4 25 | $10.2M | $46.0M | ||
| Q3 25 | $5.5M | $-10.6M | ||
| Q2 25 | $4.7M | $10.2M | ||
| Q1 25 | $13.5M | — | ||
| Q4 24 | $-6.1M | $-28.5M | ||
| Q3 24 | $-3.2M | $-2.2M | ||
| Q2 24 | $-7.6M | $-4.4M | ||
| Q4 23 | — | — |
| Q4 25 | $4.9M | — | ||
| Q3 25 | $1.2M | — | ||
| Q2 25 | $-3.4M | — | ||
| Q1 25 | $10.1M | — | ||
| Q4 24 | $-12.2M | $-55.5M | ||
| Q3 24 | $-8.0M | $-34.7M | ||
| Q2 24 | $-13.2M | — | ||
| Q4 23 | — | — |
| Q4 25 | 4.4% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | -3.3% | — | ||
| Q1 25 | 9.8% | — | ||
| Q4 24 | -11.5% | -189.9% | ||
| Q3 24 | -10.4% | -153.4% | ||
| Q2 24 | -17.5% | — | ||
| Q4 23 | — | — |
| Q4 25 | 4.6% | — | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | 5.8% | 92.5% | ||
| Q3 24 | 6.3% | 143.9% | ||
| Q2 24 | 7.4% | — | ||
| Q4 23 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -0.42× | ||
| Q3 24 | — | -26.94× | ||
| Q2 24 | — | — | ||
| Q4 23 | — | — |
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% |
HIVE
Segment breakdown not available.
