AIOTNasdaqCommunications Equipment, NECUS GAAP · USD

Powerfleet, Inc.

Powerfleet, Inc. provides wireless and AIoT-based fleet, asset, and workforce intelligence solutions for commercial and government customers. Its Unity ecosystem combines connected devices, software, analytics, and services to help organizations monitor high-value assets, vehicles, and distributed operations across multiple industries and regions.

Kysy yhtiöstä
Liikevaihto444milj. USD
+22,4 %v/v
Liikevoitto (EBIT)19,6milj. USD
+175,6 %v/v
EBIT-marginaali4,4%
+11,6 %-yks.v/v
Nettotulos−20,6milj. USD
+59,7 %v/v
Vapaa kassavirta8,8milj. USD
+137,9 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

−1000100200300400500milj. USD2021: 126 milj. USD2021: EBIT −8,0 milj. USD20212022: 135 milj. USD2022: EBIT −7,8 milj. USD20222023: 134 milj. USD2023: EBIT −13 milj. USD202320242025: 363 milj. USD2025: EBIT −26 milj. USD20252026: 444 milj. USD2026: EBIT 20 milj. USD202644420
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Connected devices and hardware19 %

Telematics devices, sensors, and related hardware installed on vehicles and assets.

SaaS and recurring services62 %

Subscription-based monitoring, analytics, and platform access for connected assets.

Implementation and support services12 %

Deployment, installation, customer support, and professional services.

Software and data solutions7 %

Analytics, machine learning, and data tools that extend the platform's value.

Tuotteet

Raportoitu · osuus liikevaihdosta
81,1%18,9%FY2026100 %
  • Services81,1 %
  • Products18,9 %

Lähde: 10-K FY2026, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Powerfleet sells to enterprise and mid-market customers in commercial and government markets, with use cases centered on fleet management, asset tracking, and operational visibility. Buyers span industries such as transportation, logistics, construction, manufacturing, utilities, leasing, car rental, and cold chain logistics, where real-time data can improve utilization, safety, and compliance.

Enterprise fleet operators

Large organizations buying telematics and analytics to monitor vehicles, drivers, and utilization.

Mid-market commercial customers

Smaller multi-site operators purchasing packaged solutions for asset visibility and workflow control.

Government and public safety

Public-sector buyers using tracking and monitoring tools for fleets, equipment, and field operations.

Rental and leasing companies

Customers using the platform to manage mixed fleets, improve turnover, and protect assets.

Industrial and logistics end markets

Construction, manufacturing, distribution, and logistics firms buying for operational efficiency.

Strategia

Powerfleet's strategy centers on expanding recurring service revenue, deepening relationships with existing customers, and broadening adoption across mixed-asset enterprises. It also emphasizes product differentiation through analytics, machine learning, sensors, and integrations with OEMs and enterprise software systems, while using acquisitions and channel partnerships to widen market reach.

Expand recurring SaaS revenueKeskipitkä aikaväli

Recurring contracts improve visibility and deepen customer relationships.

Cross-sell into existing accountsLyhyt aikaväli

Mixed-asset customers can adopt additional applications across their organizations.

Integrate with ecosystem partnersKeskipitkä aikaväli

OEM and software integrations improve distribution and product stickiness.

Broaden vertical penetrationKeskipitkä aikaväli

Vertical-specific solutions improve relevance in fragmented end markets.

Maantiede

Q4/2025

Powerfleet operates internationally, with business activity across North America, Europe, the Middle East, Africa, and other global markets. The company has disclosed meaningful exposure to the United States, Germany, Israel, and North America more broadly, and its supply chain and customer base are affected by foreign exchange, trade, and geopolitical conditions.

USA43 %
Africa30 %
Israel16 %
Australia11 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Powerfleet faces integration, execution, and financing risks tied to recent acquisitions and the need to realize expected synergies. Its business is also exposed to rapid technology change, cybersecurity threats, supply-chain disruption, foreign exchange volatility, and intense competition in a fragmented telematics market.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Acquisition integration risk1Cybersecurity and data protection risk2Technology obsolescence3Supply-chain disruption4Foreign exchange and geopolitical exposure5Competitive pressure6
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Acquisition integration riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The business has combined multiple platforms and must integrate systems, customers, and operations.

    Kohdistuu: MiX Combination and Fleet Complete acquisition integration

  2. Cybersecurity and data protection riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The platform relies on cloud infrastructure and handles customer and financial data.

    KohdistuuRansomwareInsider threatsPrivacy-law compliance
  3. Technology obsolescenceVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Telematics and AIoT markets evolve quickly and require continuous product refresh.

    KohdistuuAnalyticsSensorsSoftwareDevice capabilities
  4. Supply-chain disruptionVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Hardware products depend on third-party components and subcontractors.

    KohdistuuProduct availabilityLead timesCost of goods
  5. Foreign exchange and geopolitical exposureVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    International operations and sourcing create currency and regional instability risk.

    KohdistuuEuropeIsraelMiddle EastEmerging markets
  6. Competitive pressureVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The market is fragmented and attracts well-capitalized competitors.

    KohdistuuPricingChannel accessCustomer retention

Kirjanpito

Harkinnanvaraiset erät
Revenue mix and timing

Hardware and SaaS/services are recognized differently and can shift quarterly comparability.

Vaikutus: A higher services mix changes reported revenue quality and margin profile

Goodwill and intangible assets

Acquisitions created significant acquired intangibles that must be tested for impairment.

Vaikutus: Impairment charges could materially affect earnings and equity

Business combination valuation

Purchase accounting requires estimates for customer relationships, technology, and synergies.

Vaikutus: Valuation assumptions affect amortization and future impairment risk

Derivative accounting

Mark-to-market adjustments can move earnings even when cash flow is unchanged.

Vaikutus: Reported profit can be volatile period to period

Working-capital estimates

Bad debt, inventory reserves, and deferred costs require judgment.

Vaikutus: These estimates affect operating income and cash conversion

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Päivitetty: 24.9.2026