Short answer
Powerfleet, Inc. (AIOT) filed its fiscal 2026 10-K annual report with the SEC on Jun 15, 2026. It reported revenue of $444M (+22.4% year over year) and net income of −$21M.
- Top risk flagged: Regulatory risk from EU Artificial Intelligence Act enforcement starting August 2, 2026 with fines up to 7% of global turnover
FY2026 key financial metrics · XBRL
- Revenue
- $444M
- +22.4% YoY
- Net income
- −$21M
- +59.7% YoY
- Operating margin
- 4.4%
- +11.6 pp YoY
- Gross margin
- 55.5%
- +1.9 pp YoY
- EPS (diluted)
- −$0.15
- +65.1% YoY
- ROE
- -4.3%
- +7.1 pp YoY
- Operating cash flow
- $30M
- +1010.6% YoY
Source: XBRL data from the Powerfleet, Inc. (AIOT) FY2026 10-K on SEC EDGAR. USD.
Powerfleet, Inc. FY2026 10-K analysis
AI summary of each section, grounded in the filing text
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
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