Develops AIoT asset management systems for logistics and transportation companies.
Jun 2026Revenue $450M/yrExpenses $429M/yr
Reached break-even Dec 2025
Figures by year
When did Powerfleet become profitable?
Its revenue passed its expenses in Dec 2025. In the 12 months to Jun 2026, revenue was $450M and expenses $429M.
| Fiscal year to | Revenue | Expenses | Operating profit |
|---|---|---|---|
| Mar 2026 | $444M | $424M | $19.6M |
| Mar 2025 | $363M | $388M | −$25.9M |
| Dec 2023 | $134M | $146M | −$12.6M |
| Dec 2022 | $136M | $143M | −$6.97M |
| Dec 2021 | $126M | $134M | −$8.17M |
| Dec 2020 | $114M | $117M | −$3.46M |
| Dec 2019 | $81.9M | $91.7M | −$9.76M |
| Dec 2018 | $53.1M | $58.8M | −$5.74M |
| Dec 2017 | $41.0M | $45.0M | −$4.09M |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.