POWERFLEET, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $443.8M | $362.5M | $133.7M | $135.9M | $126.0M | $113.6M | $81.9M | $53.1M |
| Cost of Revenue | $197.4M | $168.0M | $66.7M | $70.9M | $66.2M | $54.6M | $43.6M | $27.3M |
| Gross Profit | $246.4M | $194.5M | $67.1M | $65.0M | $59.8M | $59.0M | $38.4M | $25.8M |
| Gross Margin | 55.5% | 53.7% | 50.2% | 47.8% | 47.4% | 52.0% | 46.8% | 48.6% |
| Operating Expenses | ||||||||
| Research & Development | $18.4M | $16.1M | $8.4M | $8.5M | $11.4M | $10.6M | $8.5M | $6.9M |
| SG&A Expense | $208.5M | $204.4M | $71.3M | $63.5M | $56.5M | $51.9M | $34.4M | $24.7M |
| Operating Income | $19.6M | $-25.9M | $-12.6M | $-7.0M | $-8.2M | $-3.5M | $-9.8M | $-5.7M |
| Operating Margin | 4.4% | -7.1% | -9.4% | -5.1% | -6.5% | -3.0% | -11.9% | -10.8% |
| Interest Expense | — | — | — | — | $2.8M | $4.5M | $1.4M | $173.0K |
| Pretax Income | $-11.3M | $-46.5M | $-5.1M | $-5.9M | $-10.9M | $-8.0M | $-11.1M | $-5.8M |
| Income Tax Expense | $8.7M | $4.5M | $589.0K | $870.0K | $1.9M | $1.0M | $-75.0K | — |
| Net Income | $-20.6M | $-51.0M | $-5.7M | $-6.8M | $-12.8M | $-9.0M | $-11.0M | $-5.8M |
| Net Margin | -4.6% | -14.1% | -4.2% | -5.0% | -10.1% | -7.9% | -13.4% | -11.0% |
| EPS (Basic) | $-0.15 | $-0.43 | $-0.49 | $-0.49 | $0.00 | $0.00 | $0.00 | $0.00 |
| EPS (Diluted) | $-0.15 | $-0.43 | $-0.49 | $-0.49 | $0.00 | $0.00 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | 133.8M | 119.9M | 35.6M | 35.6M | 35.64B | 30.62B | 21.11B | 18.73B |
| Shares Outstanding (Diluted) | 133.8M | 119.9M | 35.6M | 35.6M | 35.6M | 30.62B | 21.11B | 18.73B |
| Dividends Per Share | — | — | — | — | — | — | — | — |