PWFL · Powerfleet, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $113.49M | $111.68M | $104.12M | $75.43M | $106.43M | $77.02M | - | - | $34.20M | $32.05M |
| Cost of Revenue | $50.80M | $49.09M | $47.64M | $35.78M | $47.65M | $35.67M | - | - | $17.08M | $16.02M |
| Gross Profit | $62.69M | $62.59M | $56.48M | $39.65M | $17.38M | $41.34M | - | - | $17.11M | $16.03M |
| R&D | $4.57M | $4.19M | $4.86M | $3.10M | $2.01M | $3.44M | - | - | $2.38M | $2.18M |
| SG&A | $51.77M | $54.15M | $53.66M | $54.78M | $19.34M | $37.34M | - | - | $17.99M | $16.99M |
| Total Operating Expenses | $56.34M | $58.34M | $58.52M | $57.88M | $60.03M | $40.77M | - | - | $20.37M | $19.17M |
| D&A | $6.13M | $6.28M | $16.03M | $2.32M | $4.59M | $5.23M | - | - | $657.0K | $955.0K |
| Operating Income | $6.35M | $4.24M | ($2.04M) | ($18.23M) | ($1.24M) | $573.0K | - | - | ($3.26M) | ($3.13M) |
| Interest Expense | $6.84M | $6.98M | $6.79M | - | $7.94M | $154.0K | - | - | - | - |
| Income Tax | $2.99M | $1.27M | $362.0K | $1.05M | $3.51M | $256.0K | - | - | $262.0K | $39.0K |
| Net Income | ($3.36M) | ($4.29M) | ($10.23M) | ($22.31M) | ($14.35M) | ($1.89M) | - | - | ($3.67M) | ($2.98M) |
| EPS - Basic | ($0.03) | ($0.03) | ($0.08) | ($0.21) | ($0.11) | ($0.02) | - | - | ($0.14) | ($0.12) |
| EPS - Diluted | ($0.03) | ($0.03) | ($0.08) | ($0.21) | ($0.11) | ($0.02) | - | - | ($0.10) | ($0.04) |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $31.21M | $27.90M | $31.20M | $44.39M | $33.63M | $25.96M | $24.35M | $19.02M | $19.30M | $21.73M |
| Accounts Receivable | $92.22M | $85.03M | $81.48M | $78.62M | $82.17M | $64.82M | $30.33M | $32.44M | $33.61M | $31.32M |
| Inventory | $22.06M | $22.47M | $23.89M | $18.35M | $27.98M | $23.49M | $21.66M | $22.60M | $21.05M | $22.13M |
| Accounts Payable | $48.43M | $49.77M | $48.34M | $41.60M | $41.92M | $41.82M | $20.02M | $19.23M | $16.55M | $13.71M |
| Current Assets | $175.08M | $167.84M | $167.78M | $169.08M | $174.26M | $195.34M | $169.79M | $82.03M | $83.18M | $83.12M |
| Total Assets | $959.46M | $936.89M | $930.78M | $910.07M | $908.67M | $748.34M | $308.68M | $217.75M | $216.11M | $217.28M |
| Current Liabilities | $160.02M | $156.35M | $156.60M | $151.01M | $143.75M | $114.13M | $43.59M | $58.56M | $48.63M | $44.80M |
| Long-term Debt | $231.16M | $231.91M | $232.95M | $232.16M | $233.75M | $111.01M | $113.81M | - | $9.62M | $9.94M |
| Total Liabilities | $474.28M | $467.91M | $469.90M | $463.33M | $450.13M | $297.23M | $179.77M | $79.83M | $76.54M | $73.02M |
| Stockholders' Equity | $485.03M | $468.83M | $460.73M | $446.59M | $458.39M | $450.95M | $38.53M | $57.54M | $80.32M | $85.19M |
| Retained Earnings | ($223.67M) | ($220.31M) | ($216.02M) | ($205.78M) | ($193.34M) | ($179.00M) | ($154.80M) | ($146.28M) | ($143.32M) | ($139.65M) |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $4.72M | ($7.62M) | - | - | - | - | - | - |
| Investing Cash Flow | - | - | ($11.82M) | ($1.96M) | - | - | - | - | - | - |
| Financing Cash Flow | - | - | ($6.77M) | $311.0K | - | - | - | - | - | - |
| CapEx | - | - | $8.11M | $966.0K | - | - | - | - | - | - |
| Free Cash Flow | - | - | ($3.39M) | ($8.58M) | - | - | - | - | - | - |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 55.2% | 56.0% | 54.2% | 52.6% | 16.3% | 53.7% | - | - | 50.1% | 50.0% |
| Operating margin | 5.6% | 3.8% | -2.0% | -24.2% | -1.2% | 0.7% | - | - | -9.5% | -9.8% |
| EBITDA margin | 11.0% | 9.4% | 13.4% | -21.1% | 3.1% | 7.5% | - | - | -7.6% | -6.8% |
| Net margin | -3.0% | -3.8% | -9.8% | -29.6% | -13.5% | -2.5% | - | - | -10.7% | -9.3% |
| Free cash flow margin | - | - | -3.3% | -11.4% | - | - | - | - | - | - |
| FCF / Net income | - | - | 0.33 | 0.38 | - | - | - | - | - | - |
| R&D / Revenue | 4.0% | 3.8% | 4.7% | 4.1% | 1.9% | 4.5% | - | - | 7.0% | 6.8% |
| SG&A / Revenue | 45.6% | 48.5% | 51.5% | 72.6% | 18.2% | 48.5% | - | - | 52.6% | 53.0% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -0.4% | -0.5% | -1.1% | -2.5% | -1.6% | -0.3% | - | - | -1.7% | -1.4% |
| Return on equity | -0.7% | -0.9% | -2.2% | -5.0% | -3.1% | -0.4% | - | - | -4.6% | -3.5% |
| Return on invested capital | 0.7% | 0.5% | -0.2% | -2.1% | -0.1% | 0.1% | - | - | -2.9% | -2.6% |
| Liquidity | ||||||||||
| Current ratio | 1.09 | 1.07 | 1.07 | 1.12 | 1.21 | 1.71 | 3.90 | 1.40 | 1.71 | 1.86 |
| Quick ratio | 0.96 | 0.93 | 0.92 | 1.00 | 1.02 | 1.51 | 3.40 | 1.01 | 1.28 | 1.36 |
| Cash ratio | 0.20 | 0.18 | 0.20 | 0.29 | 0.23 | 0.23 | 0.56 | 0.32 | 0.40 | 0.49 |
| Leverage | ||||||||||
| Debt / Equity | 0.48 | 0.49 | 0.51 | 0.52 | 0.51 | 0.25 | 2.95 | - | 0.12 | 0.12 |
| Debt / Assets | 0.24 | 0.25 | 0.25 | 0.26 | 0.26 | 0.15 | 0.37 | - | 0.04 | 0.05 |
| Debt / EBITDA | 18.52 | 22.04 | 16.65 | - | 69.92 | 19.14 | - | - | - | - |
| Interest coverage | 0.9x | 0.6x | -0.3x | - | -0.2x | 3.7x | - | - | - | - |
| Equity multiplier | 1.98 | 2.00 | 2.02 | 2.04 | 1.98 | 1.66 | 8.01 | 3.78 | 2.69 | 2.55 |
| Liabilities / Assets | 0.49 | 0.50 | 0.50 | 0.51 | 0.50 | 0.40 | 0.58 | 0.37 | 0.35 | 0.34 |
| Efficiency | ||||||||||
| Asset turnover | 0.12 | 0.12 | 0.11 | 0.08 | 0.12 | 0.10 | - | - | 0.16 | 0.15 |
| Inventory turnover | 2.30 | 2.19 | 1.99 | 1.95 | 1.70 | 1.52 | - | - | 0.81 | 0.72 |
| Days sales outstanding | 297d | 278d | 286d | 380d | 282d | 307d | - | - | 359d | 357d |
| Days inventory outstanding | 159d | 167d | 183d | 187d | 214d | 240d | - | - | 450d | 504d |
| Days payable outstanding | 348d | 370d | 370d | 424d | 321d | 428d | - | - | 354d | 312d |
| Cash conversion cycle | 107d | 75d | 98d | 143d | 175d | 120d | - | - | 455d | 549d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 6.6% | 45.0% | 38.0% | - | - | - | - | - | -0.3% | -7.4% |
| Revenue CAGR (3y) | 49.2% | 51.6% | 46.9% | 31.5% | 45.9% | 30.6% | - | - | 7.4% | 7.5% |
| Revenue CAGR (5y) | 31.2% | 27.2% | 29.1% | 19.6% | 31.0% | 24.5% | - | - | - | - |
| Gross profit growth (YoY) | 260.7% | 51.4% | 42.5% | - | - | - | - | - | -0.4% | -1.2% |
| Operating income growth (YoY) | - | 640.7% | 88.8% | - | - | - | - | - | -167.4% | -97.3% |
| Net income growth (YoY) | 76.6% | -127.1% | 54.1% | - | - | - | - | - | -59.7% | -2422.9% |
| EPS growth (YoY) | 72.7% | -50.0% | 61.9% | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 60.5% | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 5.8% | 4.0% | 3.2% | 1059.0% | - | - | -56.5% | -30.5% | -5.1% | -2.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-03-31.
Business segments
$362.51M totalAIo TAsset Management$362.51M · 100.0%
Product / service
$362.51M totalService$276.93M · 76.4%
Product$85.58M · 23.6%
Geographic
$362.51M totalUS$121.62M · 33.5%
Africa$97.59M · 26.9%
IL$49.55M · 13.7%
Europe And Middle East$43.19M · 11.9%
Other$30.96M · 8.5%
AU$19.60M · 5.4%
Peer comparison
Same SIC group: Communications Equipment, NEC
Comparing PowerFleet against the 5 most active filers in the same SIC group.