v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Mar. 31, 2026
Current assets:    
Cash and cash equivalents $ 32,824 $ 36,496
Restricted cash 3,895 4,322
Accounts receivable, net of allowance for credit losses of $9,177 and $9,344 as of March 31, 2026 and June 30, 2026, respectively 91,399 93,820
Inventory, net 21,645 22,448
Prepaid expenses and other current assets 23,743 22,094
Total current assets 173,506 179,180
Fixed assets, net 63,800 62,398
Goodwill 421,062 411,995
Intangible assets, net 253,933 255,518
Right-of-use asset 16,189 15,893
Severance payable fund 4,863 4,445
Deferred tax asset 5,066 4,537
Other assets 24,143 21,599
Total assets 962,562 955,565
Current liabilities:    
Short-term bank debt and current maturities of long-term debt 49,092 50,355
Accounts payable 44,455 46,353
Accrued expenses and other current liabilities 39,970 37,699
Deferred revenue - current 20,857 20,159
Lease liability - current 3,646 3,386
Total current liabilities 158,020 157,952
Long-term debt - less current maturities 229,300 229,669
Deferred revenue - less current portion 3,503 4,005
Lease liability - less current portion 13,576 13,505
Accrued severance payable 6,100 5,666
Deferred tax liability 60,840 60,063
Other long-term liabilities 2,331 3,090
Total liabilities 473,670 473,950
Commitments and Contingencies (Note 22)
REDEEMABLE NON-CONTROLLING INTERESTS    
Redeemable non-controlling interests 6,192 6,009
STOCKHOLDERS’ EQUITY    
Preferred stock; authorized 50,000 shares, $0.01 par value 0 0
Common stock; authorized 175,000 shares, $0.01 par value; 136,224 and 136,291 shares issued at March 31, 2026 and June 30, 2026, respectively; shares outstanding, 134,158 and 134,226 at March 31, 2026 and June 30, 2026, respectively 1,343 1,343
Additional paid-in capital 685,451 682,344
Accumulated deficit (234,775) (226,335)
Accumulated other comprehensive income 42,087 29,660
Treasury stock; 2,066 and 2,066 common shares at cost at March 31, 2026 and June 30, 2026, respectively (11,518) (11,518)
Total Powerfleet, Inc. stockholders’ equity 482,588 475,494
Non-controlling interest 112 112
Total equity 482,700 475,606
Total liabilities, redeemable non-controlling interests and stockholders’ equity $ 962,562 $ 955,565