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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.
BRC Group Holdings, Inc. is the larger business by last-quarter revenue ($188.3M vs $113.5M, roughly 1.7× Powerfleet, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs -3.0%, a 50.9% gap on every dollar of revenue. On growth, Powerfleet, Inc. posted the faster year-over-year revenue change (6.6% vs -21.9%). Over the past eight quarters, Powerfleet, Inc.'s revenue compounded faster (81.2% CAGR vs -15.4%).
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.
AIOT vs RILY — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.5M | $188.3M |
| Net Profit | $-3.4M | $90.3M |
| Gross Margin | 55.2% | 79.5% |
| Operating Margin | 5.6% | 32.3% |
| Net Margin | -3.0% | 47.9% |
| Revenue YoY | 6.6% | -21.9% |
| Net Profit YoY | 76.6% | 1710.8% |
| EPS (diluted) | $-0.03 | $2.78 |
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 | $188.3M | ||
| Q3 25 | $111.7M | $215.3M | ||
| Q2 25 | $104.1M | $188.2M | ||
| Q1 25 | $103.6M | $197.2M | ||
| Q4 24 | $106.4M | $241.0M | ||
| Q3 24 | $77.0M | $225.5M | ||
| Q2 24 | $75.4M | $256.0M | ||
| Q1 24 | — | $263.4M |
| Q4 25 | $-3.4M | $90.3M | ||
| Q3 25 | $-4.3M | $91.1M | ||
| Q2 25 | $-10.2M | $139.5M | ||
| Q1 25 | $-12.4M | $-10.0M | ||
| Q4 24 | $-14.3M | $-5.6M | ||
| Q3 24 | $-1.9M | $-284.4M | ||
| Q2 24 | $-22.3M | $-433.6M | ||
| Q1 24 | — | $-49.2M |
| Q4 25 | 55.2% | 79.5% | ||
| Q3 25 | 56.0% | 83.7% | ||
| Q2 25 | 54.2% | 81.3% | ||
| Q1 25 | 52.8% | 81.4% | ||
| Q4 24 | 55.2% | 79.8% | ||
| Q3 24 | 53.7% | 82.1% | ||
| Q2 24 | 52.6% | 84.5% | ||
| Q1 24 | — | 85.3% |
| Q4 25 | 5.6% | 32.3% | ||
| Q3 25 | 3.8% | 30.4% | ||
| Q2 25 | -2.0% | 5.7% | ||
| Q1 25 | -6.7% | -31.2% | ||
| Q4 24 | -1.2% | -69.2% | ||
| Q3 24 | 0.7% | -36.4% | ||
| Q2 24 | -24.2% | -90.8% | ||
| Q1 24 | — | -6.1% |
| Q4 25 | -3.0% | 47.9% | ||
| Q3 25 | -3.8% | 42.3% | ||
| Q2 25 | -9.8% | 74.1% | ||
| Q1 25 | -12.0% | -5.1% | ||
| Q4 24 | -13.5% | -2.3% | ||
| Q3 24 | -2.5% | -126.1% | ||
| Q2 24 | -29.6% | -169.4% | ||
| Q1 24 | — | -18.7% |
| Q4 25 | $-0.03 | $2.78 | ||
| Q3 25 | $-0.03 | $2.91 | ||
| Q2 25 | $-0.08 | $4.50 | ||
| Q1 25 | $-0.09 | $-0.39 | ||
| Q4 24 | $-0.11 | $-0.01 | ||
| Q3 24 | $-0.02 | $-9.39 | ||
| Q2 24 | $-0.21 | $-14.35 | ||
| Q1 24 | — | $-1.71 |
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 | $226.6M |
| Total DebtLower is stronger | $237.8M | $1.4B |
| Stockholders' EquityBook value | $485.0M | $-171.5M |
| Total Assets | $959.5M | $1.7B |
| Debt / EquityLower = less leverage | 0.49× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.2M | $226.6M | ||
| Q3 25 | $27.9M | $184.2M | ||
| Q2 25 | $31.2M | $267.4M | ||
| Q1 25 | $44.4M | $138.3M | ||
| Q4 24 | $33.6M | $146.9M | ||
| Q3 24 | $26.0M | $159.2M | ||
| Q2 24 | $30.2M | $236.9M | ||
| Q1 24 | — | $190.7M |
| Q4 25 | $237.8M | $1.4B | ||
| Q3 25 | $238.2M | $1.3B | ||
| Q2 25 | $239.0M | $1.3B | ||
| Q1 25 | $237.5M | $1.4B | ||
| Q4 24 | $238.5M | $1.5B | ||
| Q3 24 | $113.6M | — | ||
| Q2 24 | $113.7M | — | ||
| Q1 24 | — | — |
| Q4 25 | $485.0M | $-171.5M | ||
| Q3 25 | $468.8M | $-260.5M | ||
| Q2 25 | $460.7M | $-351.7M | ||
| Q1 25 | $446.6M | $-496.8M | ||
| Q4 24 | $458.4M | $-488.2M | ||
| Q3 24 | $451.0M | $-497.6M | ||
| Q2 24 | $390.4M | $-218.3M | ||
| Q1 24 | — | $228.4M |
| Q4 25 | $959.5M | $1.7B | ||
| Q3 25 | $936.9M | $1.7B | ||
| Q2 25 | $930.8M | $1.5B | ||
| Q1 25 | $910.1M | $1.5B | ||
| Q4 24 | $908.7M | $1.8B | ||
| Q3 24 | $748.3M | $2.2B | ||
| Q2 24 | $684.9M | $3.2B | ||
| Q1 24 | — | $5.0B |
| 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 | $26.2M |
| Free Cash FlowOCF − Capex | $4.9M | — |
| FCF MarginFCF / Revenue | 4.4% | — |
| Capex IntensityCapex / Revenue | 4.6% | — |
| Cash ConversionOCF / Net Profit | — | 0.29× |
| TTM Free Cash FlowTrailing 4 quarters | $12.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.2M | $26.2M | ||
| Q3 25 | $5.5M | $-60.6M | ||
| Q2 25 | $4.7M | $-25.6M | ||
| Q1 25 | $13.5M | $184.0K | ||
| Q4 24 | $-6.1M | $-2.7M | ||
| Q3 24 | $-3.2M | $19.5M | ||
| Q2 24 | $-7.6M | $111.5M | ||
| Q1 24 | — | $135.4M |
| Q4 25 | $4.9M | — | ||
| Q3 25 | $1.2M | — | ||
| Q2 25 | $-3.4M | — | ||
| Q1 25 | $10.1M | — | ||
| Q4 24 | $-12.2M | — | ||
| Q3 24 | $-8.0M | — | ||
| Q2 24 | $-13.2M | — | ||
| Q1 24 | — | — |
| Q4 25 | 4.4% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | -3.3% | — | ||
| Q1 25 | 9.8% | — | ||
| Q4 24 | -11.5% | — | ||
| Q3 24 | -10.4% | — | ||
| Q2 24 | -17.5% | — | ||
| Q1 24 | — | — |
| Q4 25 | 4.6% | — | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 6.3% | — | ||
| Q2 24 | 7.4% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | -0.66× | ||
| Q2 25 | — | -0.18× | ||
| 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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
