PowerFleet, Inc. (AIOT) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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AIOT Revenue Growth
Revenue Breakdown (FY 2024)
AIOT's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
AIOT Revenue Analysis (2014–2025)
As of May 6, 2026, PowerFleet, Inc. (AIOT) generated trailing twelve-month (TTM) revenue of $435.7 million, reflecting explosive growth of +47.4% year-over-year. The most recent quarter (Q3 2026) recorded $113.5 million in revenue, up 1.6% sequentially.
Looking at the longer-term picture, AIOT's 5-year compound annual growth rate (CAGR) stands at +34.6%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $362.5 million in 2025, representing a new all-time high.
Revenue diversification analysis shows AIOT's business is primarily driven by Service (63%), and Product (37%). With over half of revenue concentrated in Service, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including TRAK (+10.9% YoY), GEOS (-19.2% YoY), and SPNS (+4.7% YoY), AIOT has outperformed the peer group in terms of revenue growth. Compare AIOT vs TRAK →
AIOT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| AIOTCurrent | $436M | +47.4% | +34.6% | -7.1% | |
 TRAK | $23M | +10.9% | +2.4% | 27.5% | |
 GEOS | $111M | -19.2% | +4.8% | -10.2% | |
 SPNS | $542M | +4.7% | +10.7% | 16.8% | |
 MTSI | $967M | +26.0% | +12.8% | 13.4% | |
 SAIC | $7.3B | -2.9% | +0.6% | 7.1% |
AIOT Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $362.5M | +0.0% | $194.5M | 53.7% | $-25,885,000 | -7.1% |
| 2024 | $362.5M | +168.2% | $194.5M | 53.7% | $-25,885,000 | -7.1% |
| 2023 | $135.2M | +7.3% | $64.2M | 47.5% | $-6,947,000 | -5.1% |
| 2022 | $126.0M | +10.9% | $59.8M | 47.4% | $-8,172,000 | -6.5% |
| 2021 | $113.6M | +38.7% | $59.0M | 52.0% | $-3,606,000 | -3.2% |
| 2020 | $81.9M | +54.4% | $38.4M | 46.8% | $-9,758,000 | -11.9% |
| 2019 | $53.1M | +29.6% | $25.8M | 48.6% | $-5,736,000 | -10.8% |
| 2018 | $41.0M | +11.2% | $20.9M | 51.1% | $-4,091,000 | -10.0% |
| 2017 | $36.8M | -11.9% | $18.3M | 49.7% | $-6,368,000 | -17.3% |
| 2016 | $41.8M | -8.4% | $17.0M | 40.7% | $-10,283,000 | -24.6% |
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Start ComparisonAIOT — Frequently Asked Questions
Quick answers to the most common questions about buying AIOT stock.
Is AIOT's revenue growth accelerating or slowing?
AIOT revenue is accelerating at +47.4% year-over-year, exceeding the 5-year CAGR of +34.6%. TTM revenue reached $436M. Growth momentum has increased versus prior periods.
What is AIOT's long-term revenue growth rate?
PowerFleet, Inc.'s 5-year revenue CAGR of +34.6% reflects the sustained expansion pattern. Current YoY growth of +47.4% is above this long-term average.
How is AIOT's revenue distributed by segment?
AIOT reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.