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PowerFleet, Inc. AIOT Business Segments — Development Costs Capitalized

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GRNDCapitalized software development costs, net
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Other financials

Income statement

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Revenue$110.8M+6.4%
Gross profit$61.2M+8.3%
Operating income$270.0K+113%
Net income-$8.3M+19.3%
EPS (diluted)-$0.06+25.0%

Balance sheet

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Cash & equivalents$36.7M+3.0%
Total debt$338.0M+7.2%
Total equity$482.6M+4.7%
Total assets$962.6M+3.4%

Cash flow

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Operating cash flow$8.4M+78.8%
CapEx$4.9M-39.9%
Free cash flow$3.6M+205%

Valuation

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Market cap$410.73M-20.5%
Enterprise value$712.04M-10.6%
P/S0.9×-0.4×

Profitability

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Gross margin55.7%+1.7pp
Operating margin4.9%+3.6pp
Net margin-4.1%-1.5pp
FCF margin3.5%

Returns & leverage

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Return on equity-3.9%-1.4pp
Debt / equity0.7×0.0×
Current ratio1.1×0.0×

Where this comes from

Reported directly by PowerFleet, Inc. in its filing.

Tagged under the XBRL concept aiot:DevelopmentCostsCapitalized.

The source filing: PowerFleet, Inc.’s 10-Q, filed August 10, 2026.

Filed
Aug 10, 2026, 4:08 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0001628280-26-055222
Line itemThree Months Ended June 30, 20252026
Selling and marketing expenses17,59721,168
General and administrative expenses33,27533,081
Development costs incurred8,5599,283
Development costs capitalized(3,702)(4,923)
Depreciation and amortization2,7902,282
Interest income196234
Interest expense(6,786)(6,983)
Other expense(1,243)(405)

Item 1. Financial Statements (Unaudited)

FAQ

What is PowerFleet, Inc.'s business segments — development costs capitalized?
PowerFleet, Inc. (AIOT) reported business segments — development costs capitalized of $4.92M in Q2 2026.
How has PowerFleet, Inc.'s business segments — development costs capitalized changed year-over-year?
PowerFleet, Inc.'s business segments — development costs capitalized increased by 33.0% year-over-year, from $3.7M to $4.92M.
What is the long-term trend for PowerFleet, Inc.'s business segments — development costs capitalized?
Over 2 years (2023 to 2026), PowerFleet, Inc.'s business segments — development costs capitalized has grown at a 175.1% compound annual growth rate (CAGR), from $2.17M to $16.41M.
What does business segments — development costs capitalized mean?
This reflects the portion of development costs that are recognized as long-term assets rather than immediate expenses, typically related to software development projects. It provides insight into the company's long-term investment strategy for its proprietary technology stack.

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