Powerfleet, Inc. (AIOT) FY2026 10-K Annual Report
Powerfleet, Inc. (AIOT) 10-K annual report for fiscal year 2026, filed with SEC EDGAR on Jun 15, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Powerfleet, Inc. FY2026 10-K Analysis
Business Overview
- • Core AIoT business model delivering unified asset and operational insights via the SaaS Unity platform integrating data from warehouse to on-road assets
- • Completed two major acquisitions in 2024: MiX Telematics and Fleet Complete, significantly expanding global footprint and product portfolio
- • Strategic emphasis on end-to-end solutions combining warehouse, yard, and road assets versus primarily on-road competitors
- • Workforce grew to 2,658 full-time employees globally as of March 31, 2026, supporting expanded global operations and integration efforts
- • Recognized as most innovative company in AIoT space globally by ABI Research in 2025, highlighting Unity platform’s market leadership
Management Discussion & Analysis
- • Revenue $443.8M, up 22.4% YoY from $362.5M; product revenue down $1.6M (1.9%), services up $82.9M (29.9%)
- • Gross profit margin improved to 55.5% from 53.7%; operating margin 4.4% vs -7.1% prior year
- • Best segment: Services revenue $359.8M, 81.1% of total revenue, gross margin 61.6%; worst: Products revenue $84.0M, gross margin 29.6%
- • Operating cash flow $30.5M vs -$3.3M prior year; Capex $40.1M; no stock buybacks; no dividends paid
- • Management outlook cautious on inflation, currency risks, geopolitical instability; expect sufficient liquidity for 12 months; may pursue further financing for growth
Risk Factors
- • Regulatory risk from EU Artificial Intelligence Act enforcement starting August 2, 2026 with fines up to 7% of global turnover
- • Geopolitical risk in Israel with ongoing Middle East conflict disrupting supply chain and operations at main manufacturing facility
- • Operational risk from supply chain reliance on limited suppliers for semiconductors and telecom hardware causing delivery delays and cost inflation
- • Competitive risk from larger tech entrants using AI and advanced infrastructure possibly outpacing Powerfleet’s technology and market share
- • Financial risk from $125 million RMB term loan facility drawn in October 2024 increasing leverage and reducing operational flexibility
Powerfleet, Inc. FY2026 Key Financial MetricsXBRL
Revenue
$444M
▲ +22.4% YoY
Net Income
-$21M
▲ +59.7% YoY
Gross Margin
55.5%
▲ +187bp YoY
Operating Margin
4.4%
▲ +1155bp YoY
Net Margin
-4.6%
▲ +943bp YoY
ROE
-4.3%
▲ +709bp YoY
Total Assets
$956M
▲ +5.0% YoY
EPS (Diluted)
$-0.15
▲ +65.1% YoY
Operating Cash Flow
$30M
▲ +1010.6% YoY
Source: XBRL data from Powerfleet, Inc. FY2026 10-K filing on SEC EDGAR. All figures in USD.
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