Quarterly ResultJun 15, 2026, 06:31 AM
Powerfleet Q4 Revenue $114.5M (+11% YoY); Signs $100M+ SA Treasury Deal
AI Summary
Powerfleet, Inc. reported strong financial results for the fourth quarter and full fiscal year ended March 31, 2026. The company saw an 11% year-over-year increase in Q4 revenue to $114.5 million, driven by a 14% rise in services revenue. Significant improvements were noted in profitability, with Q4 income from operations turning positive at $11.0 million and net loss narrowing by 78%. A major highlight was the signing of a five-year agreement with the South African National Treasury, valued between $100 million and $120 million. The company also provided optimistic guidance for fiscal year 2027, projecting continued revenue growth and expanded Adjusted EBITDA margins.
Key Highlights
- Powerfleet reported Q4 FY26 revenue of $114.5M, up 11% YoY, with services revenue at $92.9M, up 14% YoY.
- Q4 FY26 income from operations was $11.0M, a significant improvement from a $7.0M loss in the prior year.
- Adjusted EBITDA for Q4 FY26 increased 42% YoY to $26.4M, with margins expanding to 23%.
- Signed a landmark 5-year South African National Treasury agreement, valued at $100M-$120M.
- Full-year FY26 revenue increased 22% to $443.8M, with net loss improving 60% to $20.6M.
- FY26 Adjusted EBITDA increased 44% to $97.0M, with margin expanding to 22%.
- Provided FY27 guidance: Revenue $485M-$490M (10% YoY growth), Net Income $4M-$8M, Adjusted EBITDA $122M-$125M (27% YoY growth), Free Cash Flow $30M-$35M.
Price Impact
More from AIOT