Powerfleet (PWR) FY26 – Results Snapshot

Diluted HEPS improved from -43cps to -15cps (+65.1% y-y).
Revenue improved by 22.4% y-y to $444m, supported by 29.9% y-y growth in Services revenue.
GPM increased from 53.7% to 55.5%.
Expenses increased by 2.9% y-y to $227m, with expense-to-sales decreasing from 60.8% to 51.1%.
OPM increased from -7.1% to +4.4%.
No dividend.
Net cash declined by 17.8% y-y to $36m with cash from operating activities increasing from -$3m to +$30m.
Gross debt increased by 8.1% y-y to $208m.