Financials PowerFleet Inc.

Equities

AIOT

US73931J1097

IT Services & Consulting

Market Closed - Nasdaq Other stock markets 21:00:00 17/02/2026 GMT			5-day change	1st Jan Change
3.790 ^USD	-2.57%		-9.11%	-28.76%

02-11	SPS Commerce, Inc. Announces A Board and Committee Changes	CI
02-09	PowerFleet, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2025	CI

Projected Income Statement: PowerFleet Inc.

Fiscal Period: March	2021	2022	2023	2025	2026	2027	2028
Net sales ¹	126.2	135.2	133.6	362.5	442.3	482.3	530.9
Change	-	7.09%	-1.16%	-	22%	9.05%	10.07%
EBITDA ¹	6.183	7.325	6.923	71.13	97.47	121.9	142.8
Change	-	18.47%	-5.49%	-	37.03%	25.1%	17.12%
EBIT ¹	-7.975	-7.794	-12.22	-25.88	15.37	42.86	62.83
Change	-	2.27%	-56.83%	-	159.4%	178.76%	46.59%
Interest Paid ¹	-2.764	-1.624	-2.09	-19.4	-26.71	-25.1	-17.9
Earnings before Tax (EBT) ¹	-10.69	-6.705	-4.717	-46.45	-14.47	10.42	37.98
Change	-	37.25%	29.65%	-	68.85%	172.03%	264.41%
Net income ¹	-18.07	-11.9	-10.32	-51.01	-18.26	8.778	30
Change	-	34.12%	13.33%	-	64.2%	148.07%	241.79%
Announcement Date	09/03/22	09/03/23	12/03/24	16/06/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: March	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4	2028 Q1	2028 Q2	2028 Q3
Net sales ¹	34.42	33.16	34.59	34.29	33.11	32.84	32.05	34.2	34.5	33.74	75.43	77.02	106.4	103.6	104.1	111.7	113.5	113	114.9	119.8	123.2	124.4	127.7	134.4	138.8
Change	-	-3.67%	4.32%	-0.88%	-3.42%	-0.83%	-2.4%	6.69%	0.89%	-2.21%	123.56%	2.11%	38.19%	-2.62%	0.47%	7.26%	1.62%	-0.44%	1.68%	4.31%	2.8%	0.98%	2.65%	5.21%	3.28%
EBITDA ¹	1.014	-0.993	2.804	2.793	1.388	1.381	0.647	1.964	2.915	-4.676	13.74	14.48	22.5	20.42	21.64	24.78	25.69	26.01	27.24	29.81	31.5	33.26	35.4	38	39.15
Change	-	-197.93%	382.38%	-0.39%	-50.3%	-0.5%	-53.15%	203.55%	48.42%	-260.41%	393.73%	5.4%	55.38%	-9.21%	5.95%	14.5%	3.69%	1.25%	4.72%	9.42%	5.7%	5.57%	6.43%	7.34%	3.03%
EBIT ¹	-3.508	-3.742	-1.588	-1.218	-1.247	-1.892	-3.133	-3.257	-3.942	-7.647	-18.24	0.573	-1.243	-6.98	-2.039	4.244	6.346	7.424	7.06	9.881	11.84	14.98	20.2	22.6	25
Change	-	-6.67%	57.56%	23.3%	-2.38%	-51.72%	-65.59%	-3.96%	-21.03%	-93.99%	-138.46%	103.14%	-316.93%	-461.54%	70.79%	308.14%	49.53%	16.99%	-4.9%	39.94%	19.88%	26.46%	34.86%	11.88%	10.62%
Charge d'intérêts ¹	-0.348	-0.087	-0.56	-0.311	-0.131	-0.517	-0.151	-0.56	-0.575	-	-2.691	-3.874	-7.583	-5.56	-6.59	-6.715	-6.733	-6.55	-6.19	-6.27	-6.31	-6.31	-5.45	-5.55	-5.55
Earnings before Tax (EBT) ¹	-4.813	-3.63	-0.077	-1.529	-1.469	5.163	-2.932	-3.412	-3.536	-8.152	-21.25	-1.627	-10.84	-12.74	-9.872	-3.017	-0.373	-0.702	0.1925	2.364	3.92	5.069	-	-	-
Change	-	24.58%	97.88%	-1,885.71%	3.92%	451.46%	-156.79%	-16.37%	-3.63%	-130.54%	-160.62%	92.34%	-566.07%	-17.58%	22.52%	69.44%	87.64%	-88.2%	127.42%	1,127.79%	65.86%	29.31%	-	-	-
Net income ¹	-7.915	-4.124	-1.334	-3.535	-2.912	3.494	-4.274	-4.969	-4.569	-19.64	-22.34	-1.888	-14.35	-12.44	-10.23	-4.288	-3.364	-0.7284	-0.1208	1.562	3.74	4.368	10.5	12.5	14.4
Change	-	47.9%	67.65%	-164.99%	17.62%	219.99%	-222.32%	-16.26%	8.05%	-329.83%	-13.74%	91.55%	-660.01%	13.31%	17.73%	58.1%	21.55%	78.35%	83.42%	1,393.38%	139.39%	16.79%	140.36%	19.05%	15.2%
Announcement Date	09/03/22	10/05/22	08/08/22	08/11/22	09/03/23	09/05/23	08/08/23	09/11/23	12/03/24	22/08/24	22/08/24	12/11/24	10/02/25	16/06/25	11/08/25	10/11/25	09/02/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: PowerFleet Inc.

Fiscal Period: March	2021	2022	2023	2025	2026	2027	2028
Net Debt ¹	-	-	-	225	237	206	154
Change	-	-	-	-	5.33%	-13.08%	-25.24%
Announcement Date	09/03/22	09/03/23	12/03/24	16/06/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: PowerFleet Inc.

Fiscal Period: March	2025	2026	2027	2028
CAPEX ¹	20.01	23.22	27.5	28.5
Change	-	16.04%	18.45%	3.64%
Free Cash Flow (FCF) ¹	-37.14	-5.322	33.72	53.29
Change	-	85.67%	733.63%	58.04%
Announcement Date	16/06/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: PowerFleet Inc.

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	-	4.9%	5.42%	5.18%	-	19.62%	22.04%	25.28%	26.9%
EBIT Margin (%)	-	-6.32%	-5.77%	-9.15%	-	-7.14%	3.48%	8.89%	11.83%
EBT Margin (%)	-	-8.47%	-4.96%	-3.53%	-	-12.81%	-3.27%	2.16%	7.15%
Net margin (%)	-	-14.32%	-8.81%	-7.72%	-	-14.07%	-4.13%	1.82%	5.65%
FCF margin (%)	-	-	-	-	-	-10.24%	-1.2%	6.99%	10.04%
FCF / Net Income (%)	-	-	-	-	-	72.8%	29.14%	384.12%	177.61%
Profitability
ROA	-1%	-2.22%	-2.18%	-3.6%	-	1.54%	-	-	-
ROE	-6.86%	-9.63%	-4.91%	-4.04%	-	-17.71%	-	-	-
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	3.16x	2.43x	1.69x	1.08x
Debt / Free cash flow	-	-	-	-	-	-6.06x	-44.46x	6.12x	2.89x
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	5.52%	5.25%	5.7%	5.37%
CAPEX / EBITDA (%)	-	-	-	-	-	28.13%	23.82%	22.55%	19.96%
CAPEX / FCF (%)	-	-	-	-	-	-53.88%	-436.29%	81.56%	53.48%
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
EPS ¹	-	-0.52	-0.34	-0.29	-	-0.43	-0.1367	0.0717	0.22
Change	-	-	34.62%	14.71%	-	-	68.22%	152.44%	206.96%
Nbr of stocks (in thousands)	-	35,482	35,338	35,464	-	132,455	133,470	133,470	133,470
Announcement Date	-	09/03/22	09/03/23	12/03/24	-	16/06/25	-	-	-