Powerfleet, Inc.
powerfleet.comWhat Do They Do?
Provides connected asset-monitoring software, data services and devices for commercial and government organizations managing warehouse equipment, vehicles and cargo.
10-K for FY2026, filed Jun 15, 2026We are a global provider of Artificial Intelligence-of-Things (“AIoT”) solutions providing valuable connected business intelligence for…View ↗
Within the Unity ecosystem, our Powerfleet for Warehouse, Yard and Site AIoT solutions are designed to provide on-premise or in-facility…View ↗
Additionally, within the Unity ecosystem, our Powerfleet for On-Road AIoT and AI video solutions are designed to provide bumper-to-bumper…View ↗
We deliver advanced data solutions that connect mobile assets to increase visibility, operational efficiency and profitability. Across our…View ↗
How Do They Make Money?
Customers pay over contract terms for cloud software, analytics and connectivity; they pay for hardware when it ships or is delivered and for implementation when performed.
10-K for FY2026, filed Jun 15, 2026Recurring Subscription ServicesView ↗
Revenue is recognized ratably over the contractual service period beginning when the services are made available to the customer.View ↗
Product revenue consists primarily of hardware, parts and accessories relating to AI-enabled cameras, in-vehicle telematics devices and…View ↗
Product revenue is recognized at a point in time when control transfers to the customer, typically upon shipment or delivery in accordance…View ↗
Revenue from professional services is recognized at a point in time when the services are performed, as these services are typically…View ↗
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10-K for FY2026, filed Jun 15, 2026
FY2026 revenue by product or service ↗
$443.8M
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10-K for FY2026, filed Jun 15, 2026
$443.8M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Products
Sold outright
10-K for FY2026, filed Jun 15, 2026 |
19%
FY2024: 37%
|
Products, FY2026
$84M Sources
|
Sold outright |
|
Services
|
81%
FY2024: 63%
|
Services, FY2026
$359.8M Sources
|
Who Are Their Customers?
Sells directly to commercial and government organizations and also through vehicle makers, importers, distributors and warehouse-equipment dealers.
10-K for FY2026, filed Jun 15, 2026
Do Revenues Turn Into Profits?
Not on paper. It lost $20.6M in FY2026, but brought in more cash than it spent: $8.8M of free cash flow.
10-K for FY2026, filed Jun 15, 2026
$19.6MView ↗
10-K for FY2026, filed Jun 15, 2026
−$20.6MView ↗
10-K for FY2026, filed Jun 15, 2026
$8.8MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q1 FY2027, filed Aug 10, 2026
−$8.4MView ↗
- ▼ −18% (Loss)
- vs −$10.2M in Q1 FY2026
10-Q for Q1 FY2027, filed Aug 10, 2026
Open tableView ↗
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Aug 11, 2026
Paul Lalljie was appointed president and CFO, succeeding David Wilson
Sources
8-K, filed Aug 11, 2026
On August 9, 2026, the Board of Directors (the “Board”) of Powerfleet, Inc. (the “Company”) appointed Paul Lalljie to serve as President…View ↗
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Aug 10, 2026
Revised fiscal 2027 guidance
Fiscal 2027 revenue guidance is $468 million to $473 million, and adjusted EBITDA guidance is $111 million to $114 million.
Sources
8-K, filed Aug 10, 2026
Revenue is expected to range from $468 million to $473 million, representing approximately 6% year-over-year growth at the midpoint.View ↗
Growing. Revenue grew 3.3x in 4 years, from $135.9M in FY2023 to $443.8M in FY2026, about 34% a year.
Who Do They Compete With?
Competes with Geotab, Samsara, Karooooo, Motive, Verizon Connect, Trimble, and ORBCOMM
10-K for FY2026, filed Jun 15, 2026We compete in a highly competitive and fragmented market for connected operations, AI-driven software and analytics, video safety, fleet…View ↗
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