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PowerFleet, Inc. AIOT Services — Contract with Customer, Liability

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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 us-gaap:ContractWithCustomerLiability.

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 services — contract with customer, liability?
PowerFleet, Inc. (AIOT) reported services — contract with customer, liability of $23.34M in Q1 2026.
How has PowerFleet, Inc.'s services — contract with customer, liability changed year-over-year?
PowerFleet, Inc.'s services — contract with customer, liability increased by 8.7% year-over-year, from $21.47M to $23.34M.
What is the long-term trend for PowerFleet, Inc.'s services — contract with customer, liability?
Over 4 years (2022 to 2026), PowerFleet, Inc.'s services — contract with customer, liability has grown at a 25.6% compound annual growth rate (CAGR), from $34.96M to $86.95M.
What does services — contract with customer, liability mean?
This metric represents the deferred revenue or performance obligations arising from service contracts where payment has been received or is due before the service is fully delivered. It provides insight into the company's future revenue visibility and the strength of its sales pipeline for service-based offerings. A high balance indicates strong customer commitment and a healthy backlog of services yet to be recognized as revenue.