← Powerfleet, Inc.

Annual Trend FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value $10.2m $16.4m $18.1m $26.5m $17.7m $19.0m $24.4m $44.4m $36.5m
Prepaid Expense and Other Assets, Current $4.2m $7.4m $6.2m $9.1m $7.7m $7.6m $8.1m $23.3m $22.1m
Cash, Cash Equivalents, and Short-term Investments — — — — — $19.0m $109.7m $44.4m $36.5m
Short-term Investments $394k — — — — — — — —
Accounts Receivable — — — — — $32.4m $30.3m $78.6m $93.8m
Allowance For Doubtful Accounts Receivable — — — — — ($2.8m) ($3.2m) ($4.1m) ($9.2m)
Cash And Cash Equivalents — — — — — $19.0m $24.4m $44.4m $36.5m
Gross Accounts Receivable — — — — — $35.2m $33.5m $82.7m $103.0m
Other Current Assets — — — — — $1.4m $3.0m $253k $485k
Other Receivables — — — — — $2.3m $2.3m $11.6m $9.9m
Prepaid Assets — — — — — $3.9m $2.8m $9.0m $8.9m
Taxes Receivable — — — — — — — $2.5m $2.9m
Cash and cash equivalents $10.2m $16.4m $18.1m $26.5m $17.7m $19.0m $24.4m $44.4m $36.5m
Accounts receivable, net of allowance for credit losses of $4,057 and $9,177 as of March 31, 2025 and 2026, respectively $9.2m $27.0m $24.1m $32.1m $32.5m $32.4m $30.3m $78.6m $93.8m
Prepaid expenses and other current assets $4.2m $7.4m $6.2m $9.1m $7.7m $7.6m $8.1m $23.3m $22.1m
Inventory, Net $4.6m $16.4m $12.9m $18.2m $22.3m $22.6m $21.7m $18.4m $22.4m
Assets, Current $32.7m $71.2m $64.8m $87.9m $81.2m $82.0m $169.8m $169.1m $179.2m
Total current assets $32.7m $71.2m $64.8m $87.9m $81.2m $82.0m $169.8m $169.1m $179.2m
Property, Plant and Equipment, Net $2.1m $8.2m $8.8m $9.0m $9.2m $12.4m $12.7m $58.0m $62.4m
Goodwill $7.3m $89.1m $83.3m $83.5m $83.5m $83.5m $83.5m $383.1m $412.0m
Intangible Assets, Net (Excluding Goodwill) $4.7m $36.6m $31.3m $26.1m $22.9m $20.1m $19.7m $258.6m $255.5m
Goodwill And Other Intangible Assets — — — — — $103.6m $103.1m $641.7m $667.5m
Other Intangible Assets — — — — — $20.1m $19.7m $258.6m $255.5m
Intangible assets, net $4.7m $36.6m $31.3m $26.1m $22.9m $20.1m $19.7m $258.6m $255.5m
Operating Lease, Right-of-Use Asset — $7.0m $9.7m $9.8m $7.8m $6.2m $7.4m $12.3m $15.9m
Other Assets, Noncurrent $1.4m $2.5m $3.1m $4.7m $5.8m $6.9m $9.0m $21.2m $21.6m
Other assets $1.4m $2.5m $3.1m $4.7m $5.8m $6.9m $9.0m $21.2m $21.6m
Additional Financial Items
Accounts Receivable, after Allowance for Credit Loss, Current $9.2m $27.0m $24.1m $32.1m $32.5m $32.4m $30.3m $78.6m $93.8m
Accumulated Depreciation — — — — — ($19.1m) ($19.8m) ($26.2m) ($36.8m)
Capital Lease Obligations — — — — — $6.4m $7.7m $13.3m $16.9m
Construction In Progress — — — — — — — $7k $107k
Current Accrued Expenses — — — — — $3.8m $4.2m $8.5m $11.5m
Current Capital Lease Obligation — — — — — $1.5m $1.8m $5.1m $3.4m
Current Debt — — — — — $21.1m $2.0m $41.6m $50.4m
Current Debt And Capital Lease Obligation — — — — — $22.6m $3.7m $46.7m $53.7m
Current Deferred Assets — — — $1.8m $762k $83k $42k — —
Current Deferred Liabilities — — — — — $5.7m $5.8m $17.4m $20.2m
Current Provisions — — — $1.1m $745k $965k $1.1m — —
Finished Goods — — — — — $12.3m $12.2m $6.5m $14.0m
Foreign Currency Translation Adjustments — — — $391k ($1.2m) ($616k) — — —
Gross PPE — — — — — $37.7m $40.0m $96.5m $115.1m
Invested Capital — — — — — $78.6m $154.3m $720.4m $755.5m
Leases — — — — — $1.4m $1.5m $1.5m $650k
Line Of Credit — — — — — $10.0m $0 $36.8m $44.1m
Long Term Capital Lease Obligation — — — — — $4.9m $5.9m $8.2m $13.5m
Machinery Furniture Equipment — — — — — $19.3m $20.0m $21.1m $24.7m
Net Debt — — — — — $2.1m $91.4m $229.4m $243.5m
Net PPE — — — — — $18.6m $20.1m $70.3m $78.3m
Net Tangible Assets — — — — — $34.3m $25.7m ($195.1m) ($192.0m)
Non Current Deferred Assets — — — — — $3.2m $2.8m $3.9m $4.5m
Non Current Deferred Liabilities — — — — — $9.7m $9.4m $62.9m $64.1m
Non Current Deferred Taxes Assets — — — — — $3.2m $2.8m $3.9m $4.5m
Ordinary Shares Number — — — — — $37.2m $37.2m $133.3m $134.2m
Other Current Borrowings — — — — — $11.1m $2.0m $4.8m $6.3m
Other Current Liabilities — — — — — $579k $827k $9.0m $3.3m
Other Equity Adjustments — — — — — ($616k) ($985k) ($8.8m) $29.7m
Other Non Current Assets — — — — — $6.9m $9.0m $21.2m $21.6m
Other Non Current Liabilities — — — — — $2.4m $2.5m $3.0m $3.1m
Other Properties — — — — — $17.0m $18.5m $73.9m $89.6m
Properties — — — — — $0 $0 $0 $0
Raw Materials — — — — — $10.3m $9.4m $11.9m $8.5m
Restricted Cash — — — — — $310k $85.3m $4.4m $4.3m
Share Issued — — — — — $38.7m $38.7m $135.4m $136.2m
Tangible Book Value — — — — — ($46.0m) ($64.6m) ($195.1m) ($192.0m)
Tradeand Other Payables Non Current — — — — — $4.5m $4.6m $6.0m $5.7m
Treasury Shares Number — — — — — $1.5m $1.5m $2.1m $2.1m
Work In Process — — — — $462k $31k $49k $0 —
Working Capital — — — — — $23.5m $126.2m $18.1m $21.2m
Restricted cash — — — — $309k $310k $85.3m $4.4m $4.3m
Fixed assets, net $2.1m $8.2m $8.8m $9.0m $9.2m $12.4m $12.7m $58.0m $62.4m
Severance payable fund — $3.5m $4.1m $4.4m $3.8m $3.8m $3.8m $3.8m $4.4m
Deferred tax asset — — $1.5m $4.3m $3.2m $2.9m $2.8m $3.9m $4.5m
Accrued expenses and other current liabilities — — — — — — $14.0m $45.3m $37.7m
Lease liability - current — $868k $2.8m $2.6m $2.4m $1.5m $1.8m $5.1m $3.4m
Lease liability - less current portion — $6.4m $7.0m $7.4m $5.6m $4.9m $5.9m $8.2m $13.5m
Non-controlling interest — ($10k) $75k $86k $78k $102k $105k $150k $112k
AOCI, Debt Securities, Available-for-sale, Adjustment, after Tax ($47k) — — — — — — — —
Total Capitalization — — — — — $137.8m $242.6m $678.8m $705.2m
Total Debt — — — — — $27.5m $123.5m $287.1m $296.9m
Total Non Current Assets — — — — — $136.1m $138.9m $741.0m $776.4m
Total Powerfleet, Inc. stockholders’ equity $31.5m $84.2m $79.2m $92.1m $82.7m $57.5m $38.5m $446.6m $475.5m
Total equity $31.5m $84.2m $79.3m $92.2m $82.8m $57.6m $38.6m $446.7m $475.6m
Assets $57.8m $223.0m $208.8m $229.9m $217.4m $217.7m $308.7m $910.1m $955.6m
Total Assets $57.8m $223.0m $208.8m $229.9m $217.4m $218.1m $308.7m $910.1m $955.6m
Total assets $57.8m $223.0m $208.8m $229.9m $217.4m $217.7m $308.7m $910.1m $955.6m
LIABILITIES AND EQUITY
Current liabilities:
Operating Lease, Liability, Current — $868k $2.8m $2.6m $2.4m $1.5m $1.8m $5.1m $3.4m
Accounts Payable, Current $6.6m $15.4m $9.9m $17.7m $14.8m $19.2m $20.0m $41.6m $46.4m
Operating Lease, Liability, Noncurrent — $6.4m $7.0m $7.4m $5.6m $4.9m $5.9m $8.2m $13.5m
Deferred Revenue, Current $7.9m $7.7m $7.3m $6.5m $6.4m $5.7m $5.8m $17.4m $20.2m
Deferred Revenue, Noncurrent $7.9m $7.7m $6.0m $6.5m $6.4m $5.7m $4.9m $17.4m $20.2m
Dividends Payable — — — $0 $0 $0 $0 $0 $0
Long-term Debt, Excluding Current Maturities — $26.5m $23.2m $18.1m $11.4m $21.1m $113.8m $232.2m $229.7m
Long-term Debt, Current Maturities — $2.7m $5.3m $6.1m $4.6m $11.1m $2.0m $4.8m $6.3m
Payables And Accrued Expenses — — — — — $23.0m $24.2m $50.1m $57.8m
Short-term bank debt and current maturities of long-term debt — $3.4m $5.6m $6.1m $10.3m $21.1m $2.0m $41.6m $50.4m
Long-term debt - less current maturities — $26.5m $23.2m $18.1m $11.4m $9.6m $113.8m $232.2m $229.7m
Accrued severance payable — $4.1m $4.7m $4.9m $4.4m $4.5m $4.6m $6.0m $5.7m
Liabilities, Current $16.9m $41.8m $35.9m $44.3m $45.7m $58.6m $43.6m $151.0m $158.0m
Total current liabilities $16.9m $41.8m $35.9m $44.3m $45.7m $58.6m $43.6m $151.0m $158.0m
Deferred Income Tax Liabilities, Net — $3.7m — — $4.9m $4.5m $4.5m $57.7m $60.1m
Other Liabilities, Noncurrent — — $674k $706k $636k $2.4m $2.5m $3.0m $3.1m
Defined Pension Benefit — — — — — $3.8m $3.8m $3.8m $4.4m
Long Term Debt And Capital Lease Obligation — — — — — $4.9m $119.7m $240.4m $243.2m
Non Current Deferred Taxes Liabilities — — — — — $4.8m $4.5m $57.7m $60.1m
Pensionand Other Post Retirement Benefit Plans Current — — — — — $6.7m $9.0m $27.8m $22.9m
Deferred tax liability — $3.7m $10.8m $5.2m $4.9m $4.5m $4.5m $57.7m $60.1m
Other long-term liabilities — $120k $674k $706k $636k $2.4m $2.5m $3.0m $3.1m
Deferred Tax Liabilities, Net — — $5.3m $5.8m $4.9m $4.5m $4.5m $53.8m $55.5m
Liabilities $26.3m $91.5m $77.5m $85.0m $77.1m $79.8m $179.8m $463.3m $473.9m
Total Liabilities Net Minority Interest $26.3m $91.5m $77.5m $85.0m $77.1m $80.2m $179.8m $463.3m $473.9m
Total liabilities $26.3m $91.5m $77.5m $85.0m $77.1m $79.8m $179.8m $463.3m $473.9m
Redeemable Noncontrolling Interest, Equity, Carrying Amount $57.8m $223.0m $208.8m $229.9m $217.4m $217.7m $308.7m — $6.0m
Stockholders’ equity:
Preferred Stock, Value, Issued — — — — — — $0 $0 $0
Common Stock, Value, Issued $192k $308k $323k $373k $376k $387k $387k $1.3m $1.3m
Additional Paid in Capital $138.7m $201.8m $206.5m $234.1m $233.5m $212.7m $202.6m $671.4m $682.3m
Retained Earnings (Accumulated Deficit) ($101.2m) ($112.1m) ($121.2m) ($134.4m) ($141.4m) ($146.3m) ($154.8m) ($205.8m) ($226.3m)
Accumulated Other Comprehensive Income (Loss), Net of Tax ($435k) $265k $399k $391k ($1.2m) ($616k) ($985k) ($8.8m) $29.7m
Common Stock Equity — — — — — $57.5m $38.5m $446.6m $475.5m
Capital Stock — — — — — $80.7m $90.7m $1.3m $1.3m
Gains Losses Not Affecting Retained Earnings — — — — — ($616k) ($985k) ($8.8m) $29.7m
Preferred Stock — — — — — $80.3m $90.3m $0 $0
Preferred Stock Equity — — — $52.7m $72.0m $80.3m $90.3m — —
Treasury Stock — — — — — $8.7m $8.7m $11.5m $11.5m
Preferred stock; authorized 50,000 shares, $0.01 par value — — — — — — $0 $0 $0
Common stock; authorized 175,000 shares, $0.01 par value; 135,379 and 136,224 shares issued at March 31, 2025 and March 31, 2026, respectively; shares outstanding, 133,316 and 134,158 at March 31, 2025 and 2026, respectively 192k 308k 323k 373k 376k 387k 387k 1.3m 1.3m
Accumulated deficit ($101.2m) ($112.1m) ($121.2m) ($134.4m) ($141.4m) ($146.3m) ($154.8m) ($205.8m) ($226.3m)
Accumulated other comprehensive (loss) income ($435k) $265k $399k $391k ($1.2m) ($616k) ($985k) ($8.8m) $29.7m
Treasury stock; 2,063 and 2,066 common shares at cost at March 31, 2025 and 2026, respectively ($5.7m) ($6.1m) ($6.9m) ($8.3m) ($8.5m) ($8.7m) ($8.7m) ($11.5m) ($11.5m)
Common stock, shares issued (in shares) — — — — — — — $135.4m $136.2m
Stockholders' Equity Attributable to Parent $31.5m $84.2m $79.2m $92.1m $82.7m $57.5m $38.5m $446.6m $475.5m
Stockholders' Equity Attributable to Noncontrolling Interest — ($10k) $75k $86k $78k $102k $105k $150k $112k
Minority Interest — — — — — $102k $105k $150k $6.1m
Total Equity Gross Minority Interest — — — — — $137.9m $128.9m $446.7m $481.6m
Total Non Current Liabilities Net Minority Interest — — — — — $21.6m $136.2m $312.3m $316.0m
Liabilities and Equity $57.8m $223.0m $208.8m $229.9m $217.4m $217.7m $308.7m $910.1m $955.6m
Total liabilities, redeemable non-controlling interests and stockholders’ equity $57.8m $223.0m $208.8m $229.9m $217.4m $217.7m $308.7m $910.1m $955.6m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.