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Powerfleet (AIOT) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Aug 11, 2025
Powerfleet (AIOT) reported revenue of $104M for the first quarter fiscal 2026 (Q1 FY26), +38% from a year earlier and +0.5% from the quarter before. Operating margin was -2.0%, net loss $10.2M (9.8% of revenue).
Powerfleet, Q1 FY26: revenue $104M (+38% year over year), operating margin -2.0%, net loss $10.2M, operating cash flow $4.7M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $104M | +0.5% | +38% |
| Operating profit | −$2.0M | — | — |
| Net earnings | −$10.2M | — | — |
| Operating cash flow | $4.7M | -65% | — |
What changed
Revenue was $104.1M in Q1 FY26, up 38% year over year and roughly flat from the previous quarter. Services was the largest line at 83% of revenue. Services added $29.8M year over year (up 53%), 104% of the total change. Products declined 6%.
Gross margin was 54.2%, up 1.7 points from a year earlier. Operating costs exceeded revenue by $2.0M, an operating margin of -2.0%. Operating expenses grew 1% against revenue growth of 38%. The fastest-growing cost line was Research & development (+57%). The quarter ended with a net loss of $10.2M, narrower than the previous quarter's $12.4M loss. Net interest and other expense of $7.8M was the main reason.
Operating cash flow was $4.7M. Non-cash charges added back $16.0M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items used $2.9M. Capital expenditures of $8.1M exceeded it, leaving free cash flow of −$3.4M.
Questions
What was Powerfleet's revenue in the first quarter fiscal 2026?
Powerfleet (AIOT) reported revenue of $104M for the first quarter fiscal 2026 (Q1 FY26), +38% from a year earlier and +0.5% from the quarter before.
Was Powerfleet profitable in the first quarter fiscal 2026?
Operating loss was $2.0M (-2.0% of revenue) and net loss $10.2M.
Source: Powerfleet 10-Q on SEC EDGAR.