PowerFleet, Inc.
Rank #275HypergrowthAIOT · Nasdaq · Technology
PowerFleet, Inc. (AIOT) — Rank #275 by gross profitability (GP/assets 0.26) · ROE -4.3% · Piotroski F-Score 7 / 9.
As-of 2026-09-15 · CIK 0001774170 · all metrics point-in-time as of the filing date.
About
PowerFleet, Inc. provides artificial intelligence-of-things (AIoT) solutions for managing high-value enterprise and mid-market assets in North America, Israel, Africa, Europe, the Middle East, Australia, and internationally.
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It offers unity solution portfolio, which includes unity platform that enables integration with AIoT devices and third-party business systems to a data highway that powers artificial intelligence-driven insights to help customers save lives, time, and money; software as a service based unity modules, which comprises vehicle, video, and in-warehouse IoT for customers to gain visibility and AI-powered insights into their people, assets, and business processes to manage utilization and maintenance, safety, fuel and energy management, and compliance and high-risk incidents; and open application programming interfaces for additional integrations and development to enhance other enterprise management systems and third-party applications. The company also provides hosting, maintenance, and customer support and consulting services; and software as a service, such as system monitoring, help desk technical support, escalation procedure development, routine diagnostic data analysis, and software update services. It offers its products under the Powerfleet, Pointer, Cellocator, MiX by Powerfleet, and Fleet Complete brands. The company markets and sells its wireless solutions to a range of customers in the commercial and government sectors, including construction and heavy equipment, distribution, field services, leasing and car rental, government and public safety, manufacturing and automotive, oil and gas, chemical, transportation and logistics, utilities and telecommunications, and cold chain logistics. The company was formerly known as I.D. Systems, Inc. and changed its name to PowerFleet, Inc. in October 2019. PowerFleet, Inc.
was incorporated in 1993 and is headquartered in Woodcliff Lake, New Jersey.
- Industry
- Software - Application
- Sector
- Technology
- State
- DE
- Filer Category
- Accelerated filer
- Fiscal Year End
- March 31
- Website
- powerfleet.com
Price History
Company Snapshot
P/S is the primary valuation lens — earnings are reinvested, not available for P/E.
Market Cap
$404.69M
P/E (annual)
—
P/S (annual)
0.9
P/B
0.8
P/OCF (annual)
13.3
Shareholder Yield
-11.6%
Employees
2,658
Industry
Software - Application
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/2 passTerry Smith quality gate
Passes 1/5 Terry Smith thresholds2 of 5 thresholds not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
18.9%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Dilution drag: 11.6% — per-share value needs a total required return of 30.5% once share-count change is priced in.
vs. own 6-year median revenue growth: 16.8%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
14.0%
r = 10% (base)
18.9%
r = 12%
23.2%
Net debt / market cap: 62.5%— material leverage inflates the implied growth read.
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Earnings bubble check
Current margins may be above sustainable levels — a P/E based on peak earnings can overstate cheapness.
Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.26
Primary signal (Novy-Marx).
4th of 5 SIC 3669 peers
Return on equity
-4.3%
Gross margin
55.5%
2nd of 5 SIC 3669 peers
Revenue growth (YoY)
22.4%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2025 | 2026 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.98
Current ratio
1.10×
4th of 5 SIC 3669 peers
Quick ratio
0.79×
Net cash
-$252.25M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$8.84M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
1.43
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
1.7%
Stock-based comp intensity.
Piotroski F-Score
F-Score
7 / 9
Fundamental-strength score (0-9).