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PowerFleet, Inc. AIOT Business Segments — Development Costs Capitalized

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Other financials

Income statement

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Revenue$114.5M+10.5%
Gross profit$64.7M+18.1%
Operating income$11.0M+258%
Net income-$2.7M+78.6%
EPS (diluted)-$0.02+80.0%

Balance sheet

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Cash & equivalents$36.5M-25.2%
Total debt$296.9M-8.3%
Total equity$475.5M+6.5%
Total assets$955.6M+5.0%

Cash flow

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Operating cash flow$10.0M
CapEx$3.9M+14.7%
Free cash flow$6.1M

Valuation

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Market cap$497.81M-17.3%
Enterprise value$758.23M-13.5%
P/S1.1×-0.5×

Profitability

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Gross margin55.5%+1.9pp
Operating margin4.4%+2.7pp
Net margin-4.6%-1.9pp
FCF margin2%

Returns & leverage

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Return on equity-4.5%-2.0pp
Debt / equity0.6×-0.1×
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 official record: PowerFleet, Inc.’s 10-K, filed June 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is PowerFleet, Inc.'s business segments — development costs capitalized?
PowerFleet, Inc. (AIOT) reported business segments — development costs capitalized of $3.42M in Q1 2026.
How has PowerFleet, Inc.'s business segments — development costs capitalized changed year-over-year?
PowerFleet, Inc.'s business segments — development costs capitalized decreased by 18.1% year-over-year, from $4.18M to $3.42M.
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.