v3.26.1
Consolidated Balance Sheets - USD ($)
shares in Thousands, $ in Thousands
Mar. 31, 2026
Mar. 31, 2025
Current assets:    
Cash and cash equivalents $ 36,496 $ 44,392
Restricted cash 4,322 4,396
Accounts receivable, net of allowance for credit losses of $4,057 and $9,177 as of March 31, 2025 and 2026, respectively 93,820 78,623
Inventory, net 22,448 18,350
Prepaid expenses and other current assets 22,094 23,319
Total current assets 179,180 169,080
Fixed assets, net 62,398 58,011
Goodwill 411,995 383,146
Intangible assets, net 255,518 258,582
Right-of-use asset 15,893 12,339
Severance payable fund 4,445 3,796
Deferred tax asset 4,537 3,934
Other assets 21,599 21,183
Total assets 955,565 910,071
Current liabilities:    
Short-term bank debt and current maturities of long-term debt 50,355 41,632
Accounts payable 46,353 41,599
Accrued expenses and other current liabilities 37,699 45,327
Deferred revenue - current 20,159 17,375
Lease liability - current 3,386 5,076
Total current liabilities 157,952 151,009
Long-term debt - less current maturities 229,669 232,160
Deferred revenue - less current portion 4,005 5,197
Lease liability - less current portion 13,505 8,191
Accrued severance payable 5,666 6,039
Deferred tax liability 60,063 57,712
Other long-term liabilities 3,090 3,021
Total liabilities 473,950 463,329
Commitments and Contingencies (Note 19)
REDEEMABLE NON-CONTROLLING INTERESTS    
Redeemable non-controlling interests 6,009 0
STOCKHOLDERS’ EQUITY    
Preferred stock; authorized 50,000 shares, $0.01 par value 0 0
Common stock; authorized 175,000 shares, $0.01 par value; 135,379 and 136,224 shares issued at March 31, 2025 and March 31, 2026, respectively; shares outstanding, 133,316 and 134,158 at March 31, 2025 and 2026, respectively 1,343 1,343
Additional paid-in capital 682,344 671,400
Accumulated deficit (226,335) (205,783)
Accumulated other comprehensive (loss) income 29,660 (8,850)
Treasury stock; 2,063 and 2,066 common shares at cost at March 31, 2025 and 2026, respectively (11,518) (11,518)
Total Powerfleet, Inc. stockholders’ equity 475,494 446,592
Non-controlling interest 112 150
Total equity 475,606 446,742
Total liabilities, redeemable non-controlling interests and stockholders’ equity $ 955,565 $ 910,071
Common stock, shares issued (in shares) 136,224 135,379