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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and RHYTHM PHARMACEUTICALS, INC. (RYTM). Click either name above to swap in a different company.

Powerfleet, Inc. is the larger business by last-quarter revenue ($113.5M vs $57.3M, roughly 2.0× RHYTHM PHARMACEUTICALS, INC.). Powerfleet, Inc. runs the higher net margin — -3.0% vs -83.0%, a 80.0% gap on every dollar of revenue. On growth, RHYTHM PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (36.9% vs 6.6%). Over the past eight quarters, Powerfleet, Inc.'s revenue compounded faster (81.2% CAGR vs 48.5%).

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.

Rhythm Pharmaceuticals is a biopharmaceutical firm focused on developing and commercializing targeted therapies for rare genetic disorders causing severe unmanageable obesity, including POMC deficiency, LEPR deficiency, and Bardet-Biedl syndrome. It serves patients in North America and Europe who lack effective standard treatments for their chronic life-altering conditions.

AIOT vs RYTM — Head-to-Head

Bigger by revenue
AIOT
AIOT
2.0× larger
AIOT
$113.5M
$57.3M
RYTM
Growing faster (revenue YoY)
RYTM
RYTM
+30.2% gap
RYTM
36.9%
6.6%
AIOT
Higher net margin
AIOT
AIOT
80.0% more per $
AIOT
-3.0%
-83.0%
RYTM
Faster 2-yr revenue CAGR
AIOT
AIOT
Annualised
AIOT
81.2%
48.5%
RYTM

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
AIOT
AIOT
RYTM
RYTM
Revenue
$113.5M
$57.3M
Net Profit
$-3.4M
$-47.5M
Gross Margin
55.2%
91.6%
Operating Margin
5.6%
-82.2%
Net Margin
-3.0%
-83.0%
Revenue YoY
6.6%
36.9%
Net Profit YoY
76.6%
-9.6%
EPS (diluted)
$-0.03
$-0.73

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.

Revenue
AIOT
AIOT
RYTM
RYTM
Q4 25
$113.5M
$57.3M
Q3 25
$111.7M
$51.3M
Q2 25
$104.1M
$48.5M
Q1 25
$103.6M
$32.7M
Q4 24
$106.4M
$41.8M
Q3 24
$77.0M
$33.3M
Q2 24
$75.4M
$29.1M
Q1 24
$26.0M
Net Profit
AIOT
AIOT
RYTM
RYTM
Q4 25
$-3.4M
$-47.5M
Q3 25
$-4.3M
$-52.9M
Q2 25
$-10.2M
$-46.6M
Q1 25
$-12.4M
$-49.5M
Q4 24
$-14.3M
$-43.3M
Q3 24
$-1.9M
$-43.6M
Q2 24
$-22.3M
$-32.3M
Q1 24
$-141.4M
Gross Margin
AIOT
AIOT
RYTM
RYTM
Q4 25
55.2%
91.6%
Q3 25
56.0%
89.3%
Q2 25
54.2%
88.6%
Q1 25
52.8%
88.8%
Q4 24
55.2%
90.9%
Q3 24
53.7%
88.5%
Q2 24
52.6%
89.9%
Q1 24
89.2%
Operating Margin
AIOT
AIOT
RYTM
RYTM
Q4 25
5.6%
-82.2%
Q3 25
3.8%
-102.6%
Q2 25
-2.0%
-93.4%
Q1 25
-6.7%
-143.7%
Q4 24
-1.2%
-98.6%
Q3 24
0.7%
-132.0%
Q2 24
-24.2%
-139.2%
Q1 24
-538.7%
Net Margin
AIOT
AIOT
RYTM
RYTM
Q4 25
-3.0%
-83.0%
Q3 25
-3.8%
-103.1%
Q2 25
-9.8%
-96.1%
Q1 25
-12.0%
-151.4%
Q4 24
-13.5%
-103.6%
Q3 24
-2.5%
-131.2%
Q2 24
-29.6%
-110.9%
Q1 24
-544.4%
EPS (diluted)
AIOT
AIOT
RYTM
RYTM
Q4 25
$-0.03
$-0.73
Q3 25
$-0.03
$-0.82
Q2 25
$-0.08
$-0.75
Q1 25
$-0.09
$-0.81
Q4 24
$-0.11
$-0.71
Q3 24
$-0.02
$-0.73
Q2 24
$-0.21
$-0.55
Q1 24
$-2.35

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AIOT
AIOT
RYTM
RYTM
Cash + ST InvestmentsLiquidity on hand
$31.2M
$388.9M
Total DebtLower is stronger
$237.8M
Stockholders' EquityBook value
$485.0M
$139.1M
Total Assets
$959.5M
$480.2M
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIOT
AIOT
RYTM
RYTM
Q4 25
$31.2M
$388.9M
Q3 25
$27.9M
$416.1M
Q2 25
$31.2M
$291.0M
Q1 25
$44.4M
$314.5M
Q4 24
$33.6M
$320.6M
Q3 24
$26.0M
$298.4M
Q2 24
$30.2M
$319.1M
Q1 24
$201.2M
Total Debt
AIOT
AIOT
RYTM
RYTM
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
Stockholders' Equity
AIOT
AIOT
RYTM
RYTM
Q4 25
$485.0M
$139.1M
Q3 25
$468.8M
$148.8M
Q2 25
$460.7M
$-11.9M
Q1 25
$446.6M
$18.9M
Q4 24
$458.4M
$21.7M
Q3 24
$451.0M
$11.2M
Q2 24
$390.4M
$39.3M
Q1 24
$61.6M
Total Assets
AIOT
AIOT
RYTM
RYTM
Q4 25
$959.5M
$480.2M
Q3 25
$936.9M
$506.9M
Q2 25
$930.8M
$372.7M
Q1 25
$910.1M
$386.7M
Q4 24
$908.7M
$392.3M
Q3 24
$748.3M
$363.6M
Q2 24
$684.9M
$381.8M
Q1 24
$258.7M
Debt / Equity
AIOT
AIOT
RYTM
RYTM
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
AIOT
AIOT
RYTM
RYTM
Operating Cash FlowLast quarter
$10.2M
$-25.4M
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.

Operating Cash Flow
AIOT
AIOT
RYTM
RYTM
Q4 25
$10.2M
$-25.4M
Q3 25
$5.5M
$-26.6M
Q2 25
$4.7M
$-23.3M
Q1 25
$13.5M
$-40.4M
Q4 24
$-6.1M
$-18.8M
Q3 24
$-3.2M
$-25.2M
Q2 24
$-7.6M
$-29.1M
Q1 24
$-40.7M
Free Cash Flow
AIOT
AIOT
RYTM
RYTM
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
FCF Margin
AIOT
AIOT
RYTM
RYTM
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
Capex Intensity
AIOT
AIOT
RYTM
RYTM
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

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AIOT
AIOT

Services$91.1M80%
Products$22.4M20%

RYTM
RYTM

Segment breakdown not available.

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