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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and Katapult Holdings, Inc. (KPLT). Click either name above to swap in a different company.
Powerfleet, Inc. is the larger business by last-quarter revenue ($113.5M vs $73.9M, roughly 1.5× Katapult Holdings, Inc.). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs -3.0%, a 29.8% gap on every dollar of revenue. On growth, Katapult Holdings, Inc. posted the faster year-over-year revenue change (17.3% vs 6.6%). Powerfleet, Inc. produced more free cash flow last quarter ($4.9M vs $-12.0M). Over the past eight quarters, Powerfleet, Inc.'s revenue compounded faster (81.2% CAGR vs 6.6%).
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.
Katapult Holdings, Inc. is a U.S.-based fintech company that provides accessible point-of-sale lease-to-purchase solutions for consumers with limited or no traditional credit history. It partners with a wide network of e-commerce platforms and brick-and-mortar retail merchants across segments including electronics, furniture and home goods to offer flexible payment plans for customers to obtain needed products.
AIOT vs KPLT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.5M | $73.9M |
| Net Profit | $-3.4M | $19.8M |
| Gross Margin | 55.2% | 15.6% |
| Operating Margin | 5.6% | -1.4% |
| Net Margin | -3.0% | 26.8% |
| Revenue YoY | 6.6% | 17.3% |
| Net Profit YoY | 76.6% | 307.3% |
| EPS (diluted) | $-0.03 | $3.69 |
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 | $73.9M | ||
| Q3 25 | $111.7M | $74.0M | ||
| Q2 25 | $104.1M | $71.9M | ||
| Q1 25 | $103.6M | $71.9M | ||
| Q4 24 | $106.4M | $63.0M | ||
| Q3 24 | $77.0M | $60.3M | ||
| Q2 24 | $75.4M | $58.9M | ||
| Q1 24 | — | $65.1M |
| Q4 25 | $-3.4M | $19.8M | ||
| Q3 25 | $-4.3M | $-4.9M | ||
| Q2 25 | $-10.2M | $-7.8M | ||
| Q1 25 | $-12.4M | $-5.7M | ||
| Q4 24 | $-14.3M | $-9.6M | ||
| Q3 24 | $-1.9M | $-8.9M | ||
| Q2 24 | $-22.3M | $-6.9M | ||
| Q1 24 | — | $-570.0K |
| Q4 25 | 55.2% | 15.6% | ||
| Q3 25 | 56.0% | 19.7% | ||
| Q2 25 | 54.2% | 15.5% | ||
| Q1 25 | 52.8% | 19.9% | ||
| Q4 24 | 55.2% | 11.8% | ||
| Q3 24 | 53.7% | 19.8% | ||
| Q2 24 | 52.6% | 16.9% | ||
| Q1 24 | — | 25.3% |
| Q4 25 | 5.6% | -1.4% | ||
| Q3 25 | 3.8% | 3.3% | ||
| Q2 25 | -2.0% | -2.0% | ||
| Q1 25 | -6.7% | -0.7% | ||
| Q4 24 | -1.2% | -7.7% | ||
| Q3 24 | 0.7% | -7.4% | ||
| Q2 24 | -24.2% | -4.5% | ||
| Q1 24 | — | 5.8% |
| Q4 25 | -3.0% | 26.8% | ||
| Q3 25 | -3.8% | -6.7% | ||
| Q2 25 | -9.8% | -10.9% | ||
| Q1 25 | -12.0% | -7.9% | ||
| Q4 24 | -13.5% | -15.2% | ||
| Q3 24 | -2.5% | -14.7% | ||
| Q2 24 | -29.6% | -11.7% | ||
| Q1 24 | — | -0.9% |
| Q4 25 | $-0.03 | $3.69 | ||
| Q3 25 | $-0.03 | $-0.94 | ||
| Q2 25 | $-0.08 | $-1.63 | ||
| Q1 25 | $-0.09 | $-1.23 | ||
| Q4 24 | $-0.11 | $-2.17 | ||
| Q3 24 | $-0.02 | $-2.05 | ||
| Q2 24 | $-0.21 | $-1.61 | ||
| Q1 24 | — | $-0.13 |
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 | $22.4M |
| Total DebtLower is stronger | $237.8M | — |
| Stockholders' EquityBook value | $485.0M | $-38.1M |
| Total Assets | $959.5M | $107.9M |
| Debt / EquityLower = less leverage | 0.49× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.2M | $22.4M | ||
| Q3 25 | $27.9M | $3.4M | ||
| Q2 25 | $31.2M | $3.7M | ||
| Q1 25 | $44.4M | $6.0M | ||
| Q4 24 | $33.6M | $3.5M | ||
| Q3 24 | $26.0M | $25.9M | ||
| Q2 24 | $30.2M | $33.7M | ||
| Q1 24 | — | $31.2M |
| 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 24 | — | — |
| Q4 25 | $485.0M | $-38.1M | ||
| Q3 25 | $468.8M | $-58.4M | ||
| Q2 25 | $460.7M | $-54.1M | ||
| Q1 25 | $446.6M | $-51.7M | ||
| Q4 24 | $458.4M | $-46.8M | ||
| Q3 24 | $451.0M | $-40.3M | ||
| Q2 24 | $390.4M | $-32.9M | ||
| Q1 24 | — | $-27.5M |
| Q4 25 | $959.5M | $107.9M | ||
| Q3 25 | $936.9M | $85.9M | ||
| Q2 25 | $930.8M | $90.6M | ||
| Q1 25 | $910.1M | $88.5M | ||
| Q4 24 | $908.7M | $93.2M | ||
| Q3 24 | $748.3M | $92.0M | ||
| Q2 24 | $684.9M | $106.6M | ||
| Q1 24 | — | $106.6M |
| 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× | — | ||
| Q1 24 | — | — |
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 | $-11.9M |
| Free Cash FlowOCF − Capex | $4.9M | $-12.0M |
| FCF MarginFCF / Revenue | 4.4% | -16.2% |
| Capex IntensityCapex / Revenue | 4.6% | 0.0% |
| Cash ConversionOCF / Net Profit | — | -0.60× |
| TTM Free Cash FlowTrailing 4 quarters | $12.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.2M | $-11.9M | ||
| Q3 25 | $5.5M | $4.0M | ||
| Q2 25 | $4.7M | $-6.6M | ||
| Q1 25 | $13.5M | $3.4M | ||
| Q4 24 | $-6.1M | $-32.6M | ||
| Q3 24 | $-3.2M | $-5.4M | ||
| Q2 24 | $-7.6M | $-628.0K | ||
| Q1 24 | — | $2.0M |
| Q4 25 | $4.9M | $-12.0M | ||
| Q3 25 | $1.2M | $4.0M | ||
| Q2 25 | $-3.4M | — | ||
| Q1 25 | $10.1M | $3.4M | ||
| Q4 24 | $-12.2M | $-32.6M | ||
| Q3 24 | $-8.0M | $-5.4M | ||
| Q2 24 | $-13.2M | $-653.0K | ||
| Q1 24 | — | — |
| Q4 25 | 4.4% | -16.2% | ||
| Q3 25 | 1.1% | 5.4% | ||
| Q2 25 | -3.3% | — | ||
| Q1 25 | 9.8% | 4.7% | ||
| Q4 24 | -11.5% | -51.8% | ||
| Q3 24 | -10.4% | -9.0% | ||
| Q2 24 | -17.5% | -1.1% | ||
| Q1 24 | — | — |
| Q4 25 | 4.6% | 0.0% | ||
| Q3 25 | 3.9% | 0.0% | ||
| Q2 25 | 7.8% | 0.0% | ||
| Q1 25 | 3.3% | 0.0% | ||
| Q4 24 | 5.8% | 0.1% | ||
| Q3 24 | 6.3% | 0.0% | ||
| Q2 24 | 7.4% | 0.0% | ||
| Q1 24 | — | 0.0% |
| Q4 25 | — | -0.60× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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% |
KPLT
Segment breakdown not available.
