Powerfleet, Inc. filed its Form 10-Q for the quarterly period ended June 30, 2026, with the U.S. Securities and Exchange Commission, reporting total revenues of $110,793 thousand and a net loss attributable to common stockholders of $8,440 thousand for the three months ended June 30, 2026.

Key Highlights

  • Total revenues: $110,793 thousand for the three months ended June 30, 2026, up from $104,121 thousand in the same period of 2025, according to the filing.
  • Net loss attributable to common stockholders: $8,440 thousand, or $0.06 per basic and diluted share, compared to a net loss of $10,234 thousand, or $0.08 per share, in the prior-year quarter.
  • Gross profit: $61,161 thousand for the quarter ended June 30, 2026, versus $56,481 thousand for the quarter ended June 30, 2025.
  • Total assets: $962,562 thousand as of June 30, 2026, compared to $955,565 thousand as of March 31, 2026.
  • Cash and cash equivalents: $32,824 thousand as of June 30, 2026, down from $36,496 thousand as of March 31, 2026.
  • Shares outstanding: 134,225,918 shares of common stock as of August 6, 2026, per the filing cover page.

Powerfleet Q1 Fiscal 2027: Revenue Growth, Continued Net Loss

According to the filing, Powerfleet, Inc. (Nasdaq: AIOT) reported total revenues of $110,793 thousand for the three months ended June 30, 2026, compared to $104,121 thousand for the three months ended June 30, 2025. Services revenues accounted for $94,313 thousand of the quarterly total, with products revenues contributing $16,480 thousand. Total cost of revenues was $49,632 thousand, yielding a gross profit of $61,161 thousand for the quarter.

The company reported a net loss before income taxes of $6,884 thousand for the three months ended June 30, 2026, compared to $9,872 thousand in the prior-year period, the filing disclosed. After income tax expense of $1,373 thousand, net loss was $8,257 thousand. Net loss attributable to common stockholders was $8,440 thousand, reflecting a non-controlling interest charge of $183 thousand. Selling, general and administrative expenses totaled $56,531 thousand, while research and development expenses were $4,360 thousand. The company reported a profit from operations of $270 thousand for the quarter, compared to a loss from operations of $2,039 thousand in the same period a year earlier.

On the balance sheet, the filing reported total assets of $962,562 thousand and total liabilities of $473,670 thousand as of June 30, 2026. Goodwill stood at $421,062 thousand and intangible assets, net, at $253,933 thousand. Total stockholders' equity was $482,700 thousand at quarter end, up from $475,606 thousand as of April 1, 2026. The accumulated deficit increased to $234,775 thousand from $226,335 thousand over the same period. Accumulated other comprehensive income rose to $42,087 thousand, reflecting a foreign currency translation adjustment of $12,427 thousand during the quarter.

What Was Disclosed

Powerfleet, Inc. filed a quarterly report disclosing condensed consolidated financial statements for the three months ended June 30, 2026, including revenue growth, a reduced net loss versus the prior-year quarter, and balance sheet data reflecting goodwill of $421,062 thousand and total assets of $962,562 thousand.