Powerfleet Inc (AIOT) financials
Powerfleet revenue and earnings by year
Powerfleet's revenue was $444 million in the fiscal year to March 31, 2026, up 22.4% from the year before. Net income was -$20.6 million, -4.6% of revenue. Since the fiscal year to December 31, 2017, revenue has grown 33.5% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Mar 2026 | Mar 2025 | Mar 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 444 | 363 | 34 | 134 | 136 | 126 | 114 | 82 | 53 | 41 |
| Revenue growth | 22.4% | 974.4% | -74.8% | -1.6% | 7.9% | 10.9% | 38.7% | 54.4% | 29.6% | — |
| Gross profit | 246 | 195 | 16 | 67 | 65 | 60 | 59 | 38 | 26 | 21 |
| Gross margin | 55.5% | 53.7% | 48.0% | 50.2% | 47.8% | 47.4% | 52.0% | 46.8% | 48.6% | 51.1% |
| Operating income | 15 | -27 | -8 | -13 | -7 | -8 | -3 | -10 | -6 | -4 |
| Operating margin | 3.5% | -7.5% | -22.8% | -9.4% | -5.1% | -6.5% | -3.0% | -11.9% | -10.8% | -10.0% |
| Net income | -21 | -51 | -9 | -6 | -7 | -13 | -9 | -11 | -6 | -4 |
| Net margin | -4.6% | -14.1% | -25.2% | -4.2% | -5.0% | -10.1% | -7.9% | -13.4% | -11.0% | -9.4% |
| Diluted EPS | -$0.15 | -$0.43 | — | -$0.49 | -$0.49 | -$0.64 | — | — | — | — |
| Free cash flow | -10 | -37 | -5 | -3 | -5 | -8 | 6 | -8 | -2 | 4 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open AIOT in Markets.
How Powerfleet makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Services | $94.3M | 85.1% |
| Product | $16.5M | 14.9% |
See also: AIOT returns
No forecast, no recommendation. This page describes Powerfleet Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.