Powerfleet Reports Q4 and FY2026 Financial Results

Powerfleet, Inc. reported its financial results for the fourth quarter and fiscal year ended March 31, 2026. For the fourth quarter, revenue increased by 11% year-over-year to $114.5 million, with services revenue up 14%. Income from operations improved significantly to $11.0 million from a loss in the prior year, and the net loss narrowed to $2.7 million. Adjusted EBITDA for the quarter increased by 42% to $26.4 million, with a margin of 23%. The company also announced a significant five-year agreement with the South African National Treasury, valued between $100 million and $120 million. For the full fiscal year 2026, total revenues grew by 22% to $443.8 million, and services revenue increased by 30%. The net loss for the year improved by 60% to $20.6 million. Operating cash flow turned positive, reaching $30.5 million. The company provided guidance for fiscal year 2027, expecting revenues between $485 million and $490 million, and Adjusted EBITDA between $122 million and $125 million, indicating continued growth and margin expansion.