Powerfleet Inc. has announced its preliminary financial results for fiscal year 2025, highlighting a robust performance with a total revenue expected to reach approximately $362.5 million. This represents a 25% increase year-over-year, aligning with previous guidance. Adjusted EBITDA growth is projected to be 65%, reflecting strong demand and effective execution strategies. Looking ahead to fiscal year 2026, Powerfleet anticipates total revenue growth in the range of 20% to 25%, based on a revenue base of $352.5 million. This accounts for a slight decrease of approximately 3% from FY25 revenue due to a U.S. GAAP accounting change related to the re-bundling of hardware sales for the legacy Fleet Complete business and the shutdown of legacy FSM revenue. Despite ongoing macroeconomic challenges, including tariff-related pressures and extended customer decision cycles, Powerfleet remains optimistic about its long-term growth prospects. The company attributes this confidence to the advancement of Unity's device-agnostic platform, which plays an increasingly significant role in unifying customer operations and offers a competitive advantage and monetization potential. Once macroeconomic conditions stabilize, Powerfleet intends to issue formal guidance for FY26.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.