PowerFleet Income Statement

Financials in millions USD. Fiscal year is April - March.

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	432.93	362.52	134.63	133.74	135.91	125.96
Revenue Growth (YoY)	47.95%	169.28%	0.66%	-1.60%	7.90%	10.89%
Cost of Revenue	196.4	167.98	67.92	66.66	70.92	66.21
Gross Profit	236.52	194.54	66.71	67.08	64.99	59.75
Selling, General & Admin	193.09	163.43	65.35	65.4	63.49	56.5
Research & Development	18.53	16.06	8.68	8.38	8.47	11.43
Operating Expenses	211.61	179.49	74.02	73.78	71.96	67.93
Operating Income	24.91	15.04	-7.32	-6.71	-6.97	-8.17
Interest Expense	-26.26	-20.33	-2.17	-1.6	-	-2.76
Interest & Investment Income	0.66	0.93	0.34	0.1	1.07	0.05
Other Non Operating Income (Expenses)	-1.98	-1.16	-0.09	-0.03	0.02	0.01
EBT Excluding Unusual Items	-2.67	-5.52	-9.24	-8.23	-5.88	-10.88
Merger & Restructuring Charges	-18.64	-36.23	-10.8	-5.85	-	-
Other Unusual Items	-4.7	-4.7	1.8	9.03	-	-
Pretax Income	-26	-46.45	-18.24	-5.05	-5.88	-10.88
Income Tax Expense	4.32	4.52	0.55	0.59	0.87	1.89
Earnings From Continuing Operations	-30.32	-50.97	-18.79	-5.64	-6.75	-12.77
Minority Interest in Earnings	-0	-0.02	-0.05	-0.04	-0	0.01
Net Income	-30.33	-50.99	-18.84	-5.68	-6.75	-12.77
Preferred Dividends & Other Adjustments	-	0.03	19.99	11.63	10.14	9.3
Net Income to Common	-30.33	-51.01	-38.83	-17.31	-16.89	-22.07
Shares Outstanding (Basic)	133	120	36	36	35	35
Shares Outstanding (Diluted)	133	120	36	36	35	35
Shares Change (YoY)	39.37%	235.84%	0.19%	0.66%	2.38%	16.39%
EPS (Basic)	-0.23	-0.43	-1.09	-0.49	-0.48	-0.64
EPS (Diluted)	-0.23	-0.43	-1.09	-0.49	-0.48	-0.64
Free Cash Flow	12.87	-23.35	-1.24	0.93	-2.76	-7.79
Free Cash Flow Per Share	0.10	-0.20	-0.04	0.03	-0.08	-0.23
Gross Margin	54.63%	53.66%	49.55%	50.16%	47.82%	47.44%
Operating Margin	5.75%	4.15%	-5.43%	-5.01%	-5.13%	-6.49%
Profit Margin	-7.00%	-14.07%	-28.84%	-12.94%	-12.43%	-17.52%
Free Cash Flow Margin	2.97%	-6.44%	-0.92%	0.70%	-2.03%	-6.19%
EBITDA	81.32	56.8	1.44	2.13	1.11	-0.05
EBITDA Margin	18.78%	15.67%	1.07%	1.60%	0.82%	-0.04%
D&A For EBITDA	56.41	41.76	8.76	8.84	8.08	8.13
EBIT	24.91	15.04	-7.32	-6.71	-6.97	-8.17
EBIT Margin	5.75%	4.15%	-5.43%	-5.01%	-5.13%	-6.49%
Revenue as Reported	432.93	362.52	134.63	133.74	135.91	125.96

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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