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PowerFleet, Inc. AIOT Services — Total cost of revenues

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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
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:
Selling, general and administrative expenses53,66356,531

Item 1. Financial Statements (Unaudited)

FAQ

What is PowerFleet, Inc.'s services — total cost of revenues?
PowerFleet, Inc. (AIOT) reported services — total cost of revenues of $36.66M in Q2 2026.
How has PowerFleet, Inc.'s services — total cost of revenues changed year-over-year?
PowerFleet, Inc.'s services — total cost of revenues increased by 6.5% year-over-year, from $34.41M to $36.66M.
What is the long-term trend for PowerFleet, Inc.'s services — total cost of revenues?
Over 4 years (2022 to 2026), PowerFleet, Inc.'s services — total cost of revenues has grown at a 51.0% compound annual growth rate (CAGR), from $26.58M to $138.2M.
What does services — total cost of revenues mean?
This metric captures the direct costs associated with delivering services, including cloud infrastructure hosting, customer support, and the maintenance of IoT data platforms. Monitoring this figure is essential for evaluating the scalability of the service segment and the efficiency of the underlying technology stack. It is a primary component in calculating the gross margin for the company's service-based business activities.

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