PowerFleet Inc. (AIOT) Income Statement
AIOT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAIOT revenue and net income
Where AIOT's revenue goes
2025Each bar shows an amount and its share of revenue. AIOT kept −4.6% of revenue as net income.
AIOT profit margins
AIOT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +22.4% | +48.6% | +31.3% | +26.7% |
| Gross profit | +26.7% | +56.6% | +33.1% | +30.6% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AIOT quarterly EPS vs estimates
PowerFleet beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 9, 2026 (estimate $0.00).
AIOT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $443.8M | $362.5M | $362.5M | $135.2M | $126.0M | $113.6M | $81.9M | $53.1M | $41.0M | $36.8M |
| Cost of revenue | $197.4M | $168.0M | $168.0M | $71.0M | $66.2M | $54.6M | $43.6M | $27.3M | $20.0M | $18.5M |
| Gross profit | $246.4M | $194.5M | $194.5M | $64.2M | $59.8M | $59.0M | $38.4M | $25.8M | $20.9M | $18.3M |
| Research & development | $18.4M | $16.1M | $16.1M | $9.0M | $11.4M | $10.6M | $8.5M | $6.9M | $4.0M | $4.5M |
| Sales, general & admin | $208.5M | $204.4M | $71.3M | $63.5M | $56.5M | $51.9M | — | — | — | — |
| Total operating expenses | $226.8M | $220.4M | $220.4M | $71.1M | $67.9M | $62.6M | $48.1M | $31.5M | $25.0M | $24.7M |
| Operating income | $19.6M | −$25.9M | −$25.9M | −$6.9M | −$8.2M | −$3.6M | −$9.8M | −$5.7M | −$4.1M | −$6.4M |
| Interest income | $780,000 | $926,000 | $103,000 | $1.1M | $45,000 | $55,000 | — | — | — | — |
| Interest expense | $27.5M | $20.3M | $1.6M | $1.7M | $2.8M | $2.3M | $948,000 | $173,000 | $342,000 | $293,000 |
| Income before taxes | −$11.3M | −$46.5M | −$46.5M | −$6.7M | −$10.9M | −$8.0M | −$10.9M | −$5.8M | −$4.2M | −$6.4M |
| Income taxes | $8.7M | $4.5M | $4.5M | $296,000 | $1.9M | $1.0M | $75,000 | $97,000 | −$311,000 | $299,000 |
| Net income | −$20.6M | −$51.0M | −$51.0M | −$7.0M | −$12.8M | −$9.0M | −$11.0M | −$5.8M | −$3.9M | −$6.4M |
| EBITDA | $76.5M | $21.4M | $24.5M | $5.1M | $434,000 | $7.8M | −$1.8M | −$4.1M | −$2.7M | −$5.4M |
| EPS (diluted) | $0.07 | −$0.73 | −$0.01 | −$0.05 | −$0.08 | −$0.03 | $0.03 | −$0.01 | −$0.10 | −$0.38 |
| Gross margin | 55.5% | 53.7% | 53.7% | 47.5% | 47.4% | 52.0% | 46.8% | 48.6% | 51.1% | 49.7% |
| Operating margin | 4.4% | −7.1% | −7.1% | −5.1% | −6.5% | −3.2% | −11.9% | −10.8% | −10.0% | −17.3% |
| Net margin | −4.6% | −14.1% | −14.1% | −5.2% | −10.1% | −7.9% | −13.4% | −11.0% | −9.4% | −17.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $110.8M | $114.5M | $113.5M | $111.7M | $104.1M | $103.6M | $106.4M | $77.0M | $75.4M | $34.2M | $34.5M | $261.8M |
| Cost of revenue | $49.6M | $49.8M | $50.8M | $49.1M | $47.6M | $48.9M | $47.6M | $35.7M | $35.8M | $19.9M | $17.2M | $114.9M |
| Gross profit | $61.2M | $64.7M | $62.7M | $62.6M | $56.5M | $54.8M | $58.8M | $41.3M | $39.6M | $14.3M | $17.4M | $146.8M |
| Research & development | $4.4M | $4.7M | $4.6M | $4.2M | $4.9M | $4.9M | $4.6M | $3.4M | $3.1M | $1.5M | $2.0M | $10.4M |
| Sales, general & admin | $56.5M | $48.9M | $51.8M | $54.2M | $53.7M | $56.8M | $55.4M | $37.3M | $54.8M | $21.8M | $19.5M | $18.0M |
| Total operating expenses | $60.9M | $53.6M | $56.3M | $58.3M | $58.5M | $61.7M | $60.0M | $40.8M | $57.9M | $32.9M | $21.2M | $147.0M |
| Operating income | $270,000 | $11.0M | $6.3M | $4.2M | −$2.0M | −$7.0M | −$1.2M | $573,000 | −$18.2M | −$18.7M | −$3.9M | −$168,000 |
| Interest income | $234,000 | $211,000 | $111,000 | $262,000 | $196,000 | $95,000 | $359,000 | $168,000 | $304,000 | $259,000 | $34,000 | $23,000 |
| Interest expense | $7.0M | $6.9M | $6.8M | $7.0M | $6.8M | $5.7M | $7.9M | $4.0M | $2.7M | $709,000 | $1.1M | $418,000 |
| Income before taxes | −$6.9M | $2.0M | −$373,000 | −$3.0M | −$9.9M | −$12.7M | −$10.8M | −$1.6M | −$21.2M | −$22.7M | −$3.6M | −$17.3M |
| Income taxes | $1.4M | $4.1M | $3.0M | $1.3M | $362,000 | −$304,000 | $3.5M | $256,000 | $1.1M | $1.2M | −$92,000 | $3.4M |
| Net income | −$8.4M | −$2.7M | −$3.4M | −$4.3M | −$10.2M | −$12.4M | −$14.3M | −$1.9M | −$22.3M | −$23.9M | −$3.5M | −$20.6M |
| EBITDA | $16.3M | $21.5M | $22.3M | $19.8M | $12.9M | $33.3M | −$547,000 | $11.5M | −$8.2M | −$21.1M | $836,000 | $77.3M |
| EPS (diluted) | −$0.01 | $0.04 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.02 | −$0.21 | −$0.55 | $0.01 | −$0.04 |
| Gross margin | 55.2% | 56.5% | 55.2% | 56.0% | 54.2% | 52.8% | 55.2% | 53.7% | 52.6% | 41.8% | 50.3% | 56.1% |
| Operating margin | 0.2% | 9.6% | 5.6% | 3.8% | −2.0% | −6.7% | −1.2% | 0.7% | −24.2% | −54.6% | −11.2% | −0.1% |
| Net margin | −7.6% | −2.3% | −3.0% | −3.8% | −9.8% | −12.0% | −13.5% | −2.5% | −29.6% | −70.0% | −10.1% | −7.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AIOT's financial statements (latest annual report filed June 15, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AIOT financial results
In fiscal year 2025 (ended December 31, 2025), PowerFleet reported revenue of $443.8 million, up 22.4% from the year before. It had a net loss of $20.6 million, a net profit margin of −4.6%. Diluted earnings per share came to $0.07. Over five years revenue grew at an average rate of 31.3% a year.
See the AIOT stock overview for the latest quote and news, or the AIOT chart for price history and technical indicators.
AIOT income statement FAQ
What is PowerFleet's annual revenue?
PowerFleet reported total revenue of $443.8 million for fiscal year 2025, which ended on December 31, 2025. That was up 22.4% from $362.5 million the previous year.
Is PowerFleet profitable?
No. PowerFleet reported a net loss of $20.6 million in fiscal 2025, a net profit margin of −4.6%; its operating margin was 4.4%.
What is PowerFleet's gross margin?
PowerFleet's gross margin was 55.5% in fiscal 2025: for every $100 of revenue, PowerFleet kept $56 after the direct cost of its products and services.
How much does PowerFleet spend on research and development?
PowerFleet spent $18.4 million on research and development in fiscal 2025, 4.1% of revenue.
How fast is PowerFleet growing?
Revenue grew 31.3% a year on average over the last five fiscal years, from $113.6 million to $443.8 million.
What are PowerFleet's earnings per share?
PowerFleet earned $0.07 per diluted share in fiscal 2025, compared with $-0.73 a year earlier.
When will PowerFleet report its next earnings?
PowerFleet is expected to report results for the quarter ending September 30, 2026 on November 9, 2026 before the market opens.
When does PowerFleet's fiscal year end?
PowerFleet's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on June 15, 2026.