
PowerFleet Income Statement 2026-2011 | PWFL
Brief overview of profit and loss at PowerFleet
The figures are compared over a five-year interval. PowerFleet reported revenue of 126 million dollars in 2021 and 444 million dollars by 2026. Overall revenue changed by +252.3%, equal to an annualized rate of about 28.6%. The annual growth rate indicates an exceptionally strong top-line trend.
The five-year change in gross profit reached +312.4%: from 59.8 million dollars to 246 million dollars. The cost base moved more slowly than the top line, which supported margins. Gross profit as a share of revenue changed from 47.4% to 55.5%. The margin shift points to a more favorable sales-and-cost structure.
Over the period, EBITDA shifted from $381 thousand to $79.9 million, a change of +20859.6%. Additional revenue translated efficiently into EBITDA. At the operating-margin level, the figure shifted from 0.3% to 18%. Higher profitability strengthens the quality of operating growth.
Comparing the endpoints shows a move from −$12.8 million to −$20.6 million. The period ended with a larger loss than it began with.
Financial takeaway
The five-year picture requires weighing both strengths and weaknesses. The positive side is supported by improving gross profitability, a larger revenue base and positive operating leverage. The most visible risks are declining net profitability. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement PowerFleet
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
- | 548 M | 164 M | 180 M | 102 M | 123 K | 234 M | 154 M | 105 M | 109 M | 86.1 M | 50.6 M | 79.7 M | 72.8 M | 66.2 M | 56.1 M |
Shares |
134 M | 120 M | 35.8 M | 35.6 M | 35.6 M | 34.6 K | 29.7 M | 20.5 M | 17.2 M | 15 M | 13 M | 12.6 M | 12.1 M | 11.9 M | 11.7 M | 11.2 M |
Historical Prices |
- | 4.57 | 4.57 | 5.04 | 2.85 | 3.57 | 7.87 | 7.05 | 7.15 | 7.31 | 5.86 | 4.34 | 6.45 | 5.99 | 6.31 | 6.16 |
Net Income |
-20.6 M | -51 M | -8.52 M | -5.68 M | -17.3 M | -12.8 M | -9.01 M | -11 M | -5.81 M | -3.87 M | -6.37 M | -9.95 M | -11.6 M | -7.5 M | -2.59 M | -4.04 M |
Revenue |
444 M | 363 M | 33.7 M | 134 M | 136 M | 126 M | 114 M | 81.9 M | 53.1 M | 41 M | 36.8 M | 41.8 M | 45.6 M | 39.9 M | 44.6 M | 39.3 M |
Cost of Revenue |
197 M | 168 M | 17.5 M | 66.7 M | 70.9 M | 66.2 M | 54.6 M | 43.6 M | 27.3 M | 20 M | - | - | - | - | - | - |
Gross Profit |
246 M | 195 M | 16.2 M | 67.1 M | 65 M | 59.8 M | 59 M | 38.4 M | 25.8 M | 20.9 M | 18.3 M | 17 M | 20 M | 17.9 M | 22.9 M | 20.6 M |
Operating Income |
19.6 M | -25.9 M | -7.65 M | -12.6 M | -6.97 M | -8.17 M | -3.46 M | -9.76 M | -5.74 M | -4.09 M | - | - | - | - | - | - |
Interest Expense |
-4.09 M | -1.16 M | -55 K | -29 K | 24 K | 8 K | -102 K | 1.37 M | 173 K | 342 K | - | - | - | - | - | - |
EBITDA |
79.9 M | 21.6 M | -5.7 M | -3.11 M | 1.29 M | 381 K | 4.97 M | -1.71 M | -4.18 M | -2.96 M | -5.68 M | -9.56 M | -9.96 M | -6.08 M | -1.63 M | -2.59 M |
Operating Expenses |
227 M | 220 M | 23.8 M | 79.6 M | 72 M | 67.9 M | 62.5 M | 43.4 M | 31.5 M | 25 M | 24.7 M | 27.3 M | 32.2 M | 26.2 M | 26.8 M | 25.5 M |
General and Administrative Expenses |
208 M | 204 M | 21.8 M | 71.3 M | 63.5 M | 56.5 M | 51.9 M | 34.9 M | - | - | - | - | - | - | - | - |
All numbers in USD currency
Quarterly Income Statement PowerFleet
| 2027-Q1 | 2026-Q4 | 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
133 M | 35.8 M | 134 M | 134 M | 133 M | 134 M | 134 M | 133 M | 133 M | 132 M | 108 M | 107 M | 37.2 M | 35.7 M | 35.7 M | 35.6 M | 35.5 M | 36.2 M | 35.4 K | 35.4 M | 35.3 M | 35.9 M | 35 M | 34.9 M | 33.3 M | 31.1 M | 30.1 M | 29.4 M | 29 M | 29.7 M | 17.9 M | 17.7 K | 17.6 M | 18.2 M | 17.3 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
-10.2 M | -19.6 M | -3.36 M | -4.29 M | -10.2 M | -3.36 M | -4.29 M | -10.2 M | - | -14.3 M | -1.89 M | -22.3 M | - | -3.5 M | -3.55 M | -2.98 M | 3.49 M | - | -2.3 M | -118 K | -4.12 M | - | -3.34 M | -2.63 M | -2.98 M | - | -590 K | -2.63 M | -3.43 M | -5.17 M | -2.1 M | -2.58 M | -2.19 M | -2.81 M | -897 K | -1.12 M | -990 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
104 M | 33.7 M | 113 M | 112 M | 104 M | 113 M | 112 M | 104 M | - | 106 M | 77 M | 75.4 M | - | 34.6 M | 34.2 M | 32 M | 32.8 M | - | 34.3 M | 34.6 M | 33.2 M | - | 29.2 M | 33.5 M | 29 M | - | 27.6 M | 25.8 M | 30.8 M | 35.1 M | 16.9 M | 16.3 M | 13.6 M | 11.5 M | 13.4 M | 14.8 M | 13.4 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
47.6 M | 17.5 M | 50.8 M | 49.1 M | 47.6 M | 50.8 M | 49.1 M | 47.6 M | - | 47.6 M | 35.7 M | 35.8 M | - | 17.2 M | 17.1 M | 16 M | 16.2 M | - | 17.1 M | 18.4 M | 18.8 M | - | 15 M | 17.5 M | 14.5 M | - | 12.7 M | 11.7 M | 15.9 M | 18.5 M | 9.25 M | 9.2 M | 6.59 M | 5.37 M | 6.59 M | 8.39 M | 6.92 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
56.5 M | 16.2 M | 62.7 M | 62.6 M | 56.5 M | 62.7 M | 62.6 M | 56.5 M | - | 58.8 M | 41.3 M | 39.6 M | - | 17.4 M | 17.1 M | 16 M | 16.6 M | - | 17.2 M | 16.2 M | 14.4 M | - | 14.3 M | 16 M | 14.5 M | - | 14.9 M | 14 M | 14.9 M | 16.6 M | 7.63 M | 7.07 M | 7.02 M | 6.12 M | 6.8 M | 6.42 M | 6.46 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
-2.04 M | -7.65 M | 6.35 M | 4.24 M | -2.04 M | 6.35 M | 4.24 M | -2.04 M | - | -1.24 M | 573 K | -18.2 M | - | -3.97 M | -3.1 M | -3.13 M | -1.89 M | - | -1.22 M | -1.59 M | -3.74 M | - | -2.43 M | -155 K | -1.88 M | - | 752 K | -705 K | -3.41 M | - | -2.13 M | -2.56 M | -2.2 M | - | -820 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
-1.24 M | -55 K | 14 K | -546 K | -1.24 M | 14 K | -546 K | -1.24 M | - | -2.01 M | 1.67 M | -624 K | - | -8 K | -25 K | 69 K | -66 K | - | -331 K | 3 K | -1 K | - | 7 K | -2 K | 557 K | - | 817 K | 5 K | 145 K | -881 K | 10 K | -26 K | 7 K | 10 K | 34 K | 4 K | -13 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
7.82 M | -6.66 M | 54 M | 36.1 M | 14 M | 12.5 M | 10.5 M | 14 M | - | 3.34 M | 5.8 M | -7.9 M | - | -2.77 M | -2.43 M | -2.18 M | 341 K | - | -466 K | -818 K | -1.65 M | - | 3.95 M | 4.08 M | 261 K | - | 6.91 M | 3.34 M | -1.34 M | - | -827 K | -1.71 M | -1.82 M | - | 354 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
58.5 M | 23.8 M | 56.3 M | 58.3 M | 58.5 M | 56.3 M | 58.3 M | 58.5 M | - | 60 M | 40.8 M | 57.9 M | - | 21.3 M | 20.2 M | 19.2 M | 18.5 M | - | 18.4 M | 17.8 M | 18.1 M | - | 16.7 M | 16.2 M | 16.4 M | - | 14.2 M | 14.7 M | 18.3 M | - | 9.76 M | 9.63 M | 9.22 M | - | 7.62 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
53.7 M | 21.8 M | 51.8 M | 54.2 M | 53.7 M | 51.8 M | 54.2 M | 53.7 M | - | 55.4 M | 37.3 M | 54.8 M | - | 19.3 M | 17.8 M | 17 M | 16.8 M | - | 16.7 M | 15.8 M | 14.9 M | - | 14 M | 13.4 M | 13.6 M | - | 11.6 M | 12.2 M | 15.1 M | 16.4 M | 6.32 M | 5.99 M | 6.11 M | 7.06 M | 5.92 M | 5.99 M | 5.7 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company PowerFleet (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.