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PowerFleet, Inc. AIOT Products — Total cost of revenues

Other product segments

Services
$36.66M+6.5%

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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 us-gaap:CostOfGoodsAndServicesSold.

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
Services86,46494,313
Total revenues104,121110,793
Cost of revenues:
Cost of products13,22812,970
Cost of services34,41236,662
Total cost of revenues47,64049,632
Gross profit56,48161,161
Operating expenses:

Item 1. Financial Statements (Unaudited)

FAQ

What is PowerFleet, Inc.'s products — total cost of revenues?
PowerFleet, Inc. (AIOT) reported products — total cost of revenues of $12.97M in Q2 2026.
How has PowerFleet, Inc.'s products — total cost of revenues changed year-over-year?
PowerFleet, Inc.'s products — total cost of revenues decreased by 2.0% year-over-year, from $13.23M to $12.97M.
What is the long-term trend for PowerFleet, Inc.'s products — total cost of revenues?
Over 4 years (2022 to 2026), PowerFleet, Inc.'s products — total cost of revenues has grown at a 10.5% compound annual growth rate (CAGR), from $39.63M to $59.15M.
What does products — total cost of revenues mean?
This metric captures the direct costs incurred to manufacture, procure, and deliver the physical IoT hardware products sold by the segment. It includes expenses such as raw materials, assembly, shipping, and direct labor associated with product fulfillment. Monitoring this figure is essential for evaluating the direct production efficiency and gross margin potential of the hardware business.

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