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PowerFleet, Inc. AIOT Business Segments — Development costs incurred

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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:DevelopmentCostsIncurred.

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
Total cost of revenues47,64049,632
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)

Item 1. Financial Statements (Unaudited)

FAQ

What is PowerFleet, Inc.'s business segments — development costs incurred?
PowerFleet, Inc. (AIOT) reported business segments — development costs incurred of $9.28M in Q2 2026.
How has PowerFleet, Inc.'s business segments — development costs incurred changed year-over-year?
PowerFleet, Inc.'s business segments — development costs incurred increased by 8.5% year-over-year, from $8.56M to $9.28M.
What is the long-term trend for PowerFleet, Inc.'s business segments — development costs incurred?
Over 2 years (2023 to 2026), PowerFleet, Inc.'s business segments — development costs incurred has grown at a 80.8% compound annual growth rate (CAGR), from $10.64M to $34.77M.
What does business segments — development costs incurred mean?
This represents the total investment in research and development activities aimed at enhancing the segment's IoT platform and software capabilities. It indicates the company's commitment to innovation and maintaining a competitive edge in asset management technology.

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