PowerFleet, Inc.

AIOT Technology Software Application

PowerFleet, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $443.8 million, up 22.4% from fiscal 2025.

Revenue
+6.41%
EPS
+25.0%
Free cash flow
+92.6%
Total debt
−1.57%

Quarter to June 2026, against a year earlier

2.69 0.10 +3.86%
Market cap
$347.6M
P/E
0.0×
Fwd P/E
−46.4×
Dividend yield
—
F-score
n/a
Altman Z
0.74
Beneish M
−2.54
Dividend safety
n/a

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 6.21%

Capital & Financial Ratios $m

Size
Market Cap 347.64
Revenue ttm 450.45
Net income ttm (18.76)
Free cash flow ttm (2.98)
Net debt Q 192.58
Valuation
P/E 0.00
Forward P/E (46.40) (negative: loss-making)
Price / sales 0.82
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.76
Financial health
Current ratio Q 1.10
Debt / equity Q 0.48 (at or below 0.5: strong)
Interest coverage Q 0.04
Growth
Revenue growth Q +6.41% (above 0%: growing)
Operating income growth Q +113.24% (above 0%: growing)
EPS, this year +61.33% (at or above 15%: strong)
EPS, next year A +375.86% (at or above 15%: strong)
Revenue, next year A +5.68%
EPS, past 5 yrs —
EPS, next 5 yrs A +117.72% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 15.98%
10-year low 10-year high
P/B against its own 10 years 0.95%
10-year low 10-year high
EV/Sales against its own 10 years 25.92%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 110 49 41 37
Receivables 30 79 94 91
Inventory 22 18 22 22
Other — — — —
170 169 179 174
2024 2025 2026 Q'26
Payables 20 42 46 44
ST’ Debt — — — —
Other — — — —
44 151 158 158

Compound Annual Growth %

10y 5y 3y
Sales 26.65% 31.33% 48.36%
Cash Flow 0.00% 28.05% 190.00%
Earnings 0.00% 0.00% 0.00%
Book Value 40.38% 26.84% 51.08%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 — (0.06) — — —
’26 (0.02) (0.08) (0.03) (0.03) (0.15)
’25 (0.09) (0.21) (0.02) (0.11) (0.43)
’23 0.08 (0.17) (0.14) (0.18) (0.49)
’22 (0.12) (0.04) (0.10) (0.08) (0.48)
’21 (0.09) (0.08) (0.13) (0.23) (0.64)
’20 (0.16) (0.13) (0.06) (0.12) (0.46)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 — 111 — — —
’26 114 104 112 113 444
’25 104 75 77 106 363
’23 33 32 34 35 134
’22 33 35 34 34 136
’21 29 34 29 34 126
’20 31 26 28 29 114
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — 8 — — —
’26 10 5 6 10 30
’25 14 (8) (3) (6) (3)
’23 2 0 (2) 5 4
’22 (2) (3) 1 3 1
’21 1 3 (4) (4) (5)
’20 3 4 1 4 9
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — (1) — — —
’26 2 (7) (7) 2 (10)
’25 3 (16) (10) (15) (37)
’23 0 (2) (3) 3 (3)
’22 (3) (5) (1) 1 (5)
’21 0 2 (6) (5) (8)
’20 2 4 0 2 6
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Jun ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 41 53 82 114 126 136 134 — 363 444 450 +30.3% 469 526 — +8.8%
Gross margin, % 51.09 48.62 46.83 51.95 47.44 47.82 50.16 — 53.66 55.53 55.74 +4.4 pt
EBT (4) (6) (11) (8) (11) (6) (5) — (46) (11) (8) +11.6%
EBT margin, % (10.21) (10.95) (13.50) (7.02) (8.64) (4.33) (3.78) — (12.81) (2.54) (1.84) +7.7 pt
Net income (4) (6) (11) (9) (13) (7) (6) 0 (51) (21) (19) +20.4%
Per share, $
Per share, $ Revenue 2.74 3.08 4.00 3.82 3.64 3.84 3.75 — 3.02 3.32 3.36 +2.2%
Earnings (0.26) (0.34) (0.54) (0.46) (0.64) (0.48) (0.49) — (0.43) (0.15) (0.14) (5.9%)
Cash flow 0.26 (0.10) (0.35) 0.30 (0.16) 0.04 0.12 — (0.03) 0.23 0.25 (1.5%)
Capex (0.03) (0.01) (0.05) (0.11) (0.09) (0.18) (0.20) — (0.28) (0.30) (0.28) +31.3%
Free cash flow 0.24 (0.11) (0.40) 0.19 (0.24) (0.14) (0.08) — (0.31) (0.07) (0.02) n/m
Book value 2.20 1.83 6.43 4.42 4.19 3.98 3.87 0.00 3.73 3.56 3.60 +5.5%
Shares, m 15 17 20 30 35 35 36 — 120 134 134 +27.6%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 — 0.00 0.00 0.00 0.0
P/S 2.52 1.82 1.63 1.94 1.30 0.68 0.87 — 1.82 0.93 0.82 1.5
P/B 3.14 3.05 1.58 2.78 1.78 1.35 2.03 — 1.47 0.87 0.76 2.0
EV/Sales 2.38 1.62 1.86 2.03 1.30 0.73 0.91 — 2.42 1.43 1.32 1.6
EV/FCF 16.79 (21.06) (15.03) 29.42 (19.92) (12.86) (45.09) — (23.60) (66.54) (200.25) (17.5)
Cash, $m
Cash, $m Operating cash flow 4 (2) (7) 9 (5) 1 4 — (3) 30 34 +25.6%
Capex 0 0 (1) (3) (3) (6) (7) — (34) (40) (37) +67.5%
Free cash flow 4 (2) (8) 6 (8) (5) (3) — (37) (10) (3) n/m
Balance, $m
Balance, $m Working capital 10 16 28 29 44 37 23 126 18 21 15 +8.6%
Net debt (7) (11) 19 10 (9) (7) (19) 4 183 189 193 n/m
Shareholders’ equity 33 32 132 131 145 141 138 129 447 476 483 +34.5%
Returns, %
Returns, % ROA (7.36) (9.79) (8.58) (6.15) (9.82) (7.54) (7.94) 0.00 (8.37) (2.20) (1.98) +5.2 pt
ROIC (9.70) (17.34) (4.05) (1.53) (3.75) (3.24) (6.62) 0.00 (2.57) 1.84 2.03 +11.5 pt
ROE (15.80) (18.02) (20.82) (16.65) (25.74) (20.96) (27.34) 0.00 (21.02) (4.46) (3.98) +11.3 pt
People
People Employees 117 138 840 772 669 795 780 — 2,518 2,658 — +41.5%
Revenue/emp, $m 0.35 0.38 0.10 0.15 0.19 0.17 0.17 — 0.14 0.17 — (7.9%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

PowerFleet, Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
LAW CS Disco, Inc. $364.9M — (loss-making) — (loss-making) +10.80% (above 0%: growing) n/m −165.42% (below 0%: shrinking) 75.51% (12.36%) Compare
CRNC Cerence Inc. $363.2M — (loss-making) 245× +11.81% (above 0%: growing) n/m +22.24% (above 0%: growing) 76.04% 2.69% Compare
MNTN MNTN Inc. $351.6M 6.8× 6.8× +20.56% (above 0%: growing) n/m +87.71% (above 0%: growing) 80.32% 8.62% Compare
AIOT PowerFleet, Inc. $347.6M — (loss-making) — (loss-making) +6.41% (above 0%: growing) n/m +92.55% (above 0%: growing) 55.20% 0.24%
ALIT Alight, Inc. $345.6M — (loss-making) — (loss-making) −6.19% (below 0%: shrinking) n/m −85.71% (below 0%: shrinking) 27.00% (12.20%) Compare
YB Yuanbao Inc. - Sponsored ADR $340.5M 2.1× — +37.38% (above 0%: growing) +14.26% (above 0%: growing) — 92.98% 32.39% Compare
EGHT 8x8 Inc $325.0M 39.7× 213× +4.29% (above 0%: growing) +317.86% (above 0%: growing) +130.99% (above 0%: growing) 59.67% 3.61% Compare
PLTS Platinum Analytics Cayman Limited $316.1M — — — — — — — Compare
API Agora, Inc. Sponsored ADR $315.0M 46.2× 29.5× +17.98% (above 0%: growing) +89.87% (above 0%: growing) −94.80% (below 0%: shrinking) 63.67% (2.36%) Compare
Median of peers $343.1M 23.2× 121× +11.81% +89.87% −31.73% 75.51% 2.69%

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stockrow.com/AIOT · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com