Powerfleet, Inc. has reported robust growth in its third-quarter financial results for the period ended December 31, 2025. The company's total revenue reached a record $113.5 million, marking a 7% increase from the previous year's $106.4 million. Services revenue also demonstrated significant growth, increasing by 11% to $91.1 million from $81.7 million in the same period last year.
The company's operating profit showed a remarkable improvement, reaching $6.3 million compared to an operating loss of $1.2 million in the third quarter of the previous fiscal year. Net loss also improved to $3.4 million, a substantial decrease from the $14.3 million reported in the same period last year.
Adjusted EBITDA, a key non-GAAP measure, increased by 26% to $25.7 million from $20.5 million in the third quarter of the previous fiscal year. Additionally, the company reported an adjusted EBITDA margin of 23%, up from 19% in the prior year period.
Looking ahead, Powerfleet has tightened its full-year revenue guidance to be in the range of $440 million to $445 million, compared to the previous guidance of $435 million to $445 million. The company also expects adjusted EBITDA growth of approximately 45% year-over-year, reflecting retained investments in operating expenses to support anticipated revenue ramp from a significant contract in South Africa.
Powerfleet's improved financial performance and outlook indicate the company's strong execution and disciplined cost management, as highlighted by its growing recurring revenue and expanding adjusted EBITDA margins.
For the full financial outlook and additional details, Powerfleet management will hold a conference call on Monday, February 9, 2026, at 8:30 a.m. Eastern Time to discuss the results for the third quarter of fiscal 2026. As a result of these announcements, the company's shares have moved -1.77% on the market, and are now trading at a price of $5.55. For the full picture, make sure to review Powerfleet's 8-K report.
