Powerfleet, Inc. filed its quarterly report on Form 10-Q with the SEC on November 9, 2026, covering the three and six months ended September 30, 2026, disclosing continued revenue growth alongside a widening net loss attributable to common stockholders.

Key Highlights

  • Quarterly total revenues: $115,723 thousand for the three months ended September 30, 2026, up from $111,679 thousand in the same period of the prior year, according to the filing.
  • Net loss attributable to common stockholders: $(6,850) thousand for the three months ended September 30, 2026, compared to $(4,288) thousand in the prior-year quarter.
  • Six-month net loss: $(15,290) thousand for the six months ended September 30, 2026, versus $(14,522) thousand for the same period in 2025, the company reported.
  • Loss per share: $(0.05) basic and diluted for the second quarter and $(0.11) for the six-month period, the filing stated.
  • Total assets: $965,501 thousand as of September 30, 2026, compared to $955,565 thousand as of March 31, 2026.
  • Accumulated deficit: $(241,625) thousand as of September 30, 2026, widening from $(226,335) thousand at March 31, 2026.
  • Shares outstanding: 134,956,710 as of November 5, 2026, the filing disclosed.

Powerfleet Reports Mixed Q2 Results: Revenue Growth, Wider Net Loss

Powerfleet, Inc. (NASDAQ:AIOT), a Delaware-incorporated company headquartered in Woodcliff Lake, New Jersey, reported total revenues of $115,723 thousand for the three months ended September 30, 2026, according to the Form 10-Q filed November 9, 2026. Services revenues accounted for $95,197 thousand of that total, while product revenues contributed $20,526 thousand. For the same quarter a year earlier, total revenues were $111,679 thousand, with services at $89,309 thousand and products at $22,370 thousand.

The company reported a gross profit of $61,826 thousand for the second quarter of fiscal 2027, compared to $62,589 thousand in the prior-year quarter. Selling, general and administrative expenses rose to $55,705 thousand from $54,151 thousand year over year, the filing noted. Profit from operations was $1,355 thousand for the quarter, down from $4,244 thousand in the prior-year period. Interest expense was $(6,197) thousand and other expense was $(1,813) thousand, contributing to a net loss before income taxes of $(6,409) thousand, the registrant reported.

On the balance sheet as of September 30, 2026, the filing disclosed cash and cash equivalents of $26,816 thousand, down from $36,496 thousand at March 31, 2026. Total liabilities stood at $481,553 thousand versus $473,950 thousand at the prior fiscal year-end. Goodwill was reported at $425,659 thousand, and intangible assets, net, at $249,523 thousand. Total stockholders' equity attributable to Powerfleet, Inc. was $477,875 thousand as of September 30, 2026, the filing stated. The accumulated other comprehensive income increased to $42,257 thousand from $29,660 thousand, primarily reflecting foreign currency translation adjustments of $12,597 thousand for the six-month period.

What Was Disclosed

Powerfleet filed its Form 10-Q for the quarter ended September 30, 2026, reporting quarterly revenues of $115,723 thousand, a net loss attributable to common stockholders of $(6,850) thousand, total assets of $965,501 thousand, and an accumulated deficit of $(241,625) thousand.