PowerFleet (AIOT)


Market Price (8/12/2026): $2.89 | Market Cap: $387.7 MilSector: Information Technology | Industry: Systems Software

PowerFleet (AIOT)


Market Price (8/12/2026): $2.89
Market Cap: $387.7 Mil
Sector: Information Technology
Industry: Systems Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Megatrend and thematic drivers
Megatrends include Automation & Robotics, Future of Freight, and Artificial Intelligence. Themes include Process / Warehouse Automation, Show more.

Weak multi-year price returns
2Y Excs Rtn is -90%, 3Y Excs Rtn is -68%

Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 13

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 69%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -9.4%

Key risks
AIOT key risks include [1] a significant debt load creating liquidity concerns, Show more.

0 Megatrend and thematic drivers
Megatrends include Automation & Robotics, Future of Freight, and Artificial Intelligence. Themes include Process / Warehouse Automation, Show more.
1 Weak multi-year price returns
2Y Excs Rtn is -90%, 3Y Excs Rtn is -68%
2 Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 13
3 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 69%
4 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -9.4%
5 Key risks
AIOT key risks include [1] a significant debt load creating liquidity concerns, Show more.

AIOT in ETFs

Weight = AIOT's share of each fund

IWM0.02%
IWN0.03%
VTWO0.01%
SCHA0.01%
DFAS0.01%
VGT0.01%
SCHB0.00%
IWV0.00%
+1 more covered ETF

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/11/2026

PowerFleet (AIOT) stock has lost about 10% since 4/30/2026 because of the following key factors:

1. PowerFleet's fiscal Q1 2027 (ended June 30, 2026) revenue missed analyst expectations and was impacted by production delays. The company reported revenue of $110.8 million, falling short of the approximately $115.5 million consensus estimate. This shortfall was partly due to a $3.2 million delay in product revenue attributed to a production constraint related to a compatibility issue with a new component.

2. The company issued a significant downward revision for its fiscal year 2027 guidance. PowerFleet lowered its full-year fiscal 2027 revenue outlook to a range of $468 million to $473 million from its prior guidance of $485 million to $490 million. Concurrently, the adjusted EBITDA and free cash flow guidance for fiscal 2027 were also reduced, signaling diminished profitability and cash generation expectations.

Show more
Updated on 8/11/2026

PowerFleet (AIOT) stock has lost about 10% since 4/30/2026 because of the following key factors:

1. PowerFleet's fiscal Q1 2027 (ended June 30, 2026) revenue missed analyst expectations and was impacted by production delays. The company reported revenue of $110.8 million, falling short of the approximately $115.5 million consensus estimate. This shortfall was partly due to a $3.2 million delay in product revenue attributed to a production constraint related to a compatibility issue with a new component.

2. The company issued a significant downward revision for its fiscal year 2027 guidance. PowerFleet lowered its full-year fiscal 2027 revenue outlook to a range of $468 million to $473 million from its prior guidance of $485 million to $490 million. Concurrently, the adjusted EBITDA and free cash flow guidance for fiscal 2027 were also reduced, signaling diminished profitability and cash generation expectations.

3. Analyst downgrades and concerns about the pace of future growth followed the earnings report. Following the fiscal Q1 2027 results and reduced guidance, firms like Raymond James downgraded PowerFleet's stock rating, citing a lack of clear visibility into achieving double-digit growth until the South African National Treasury contract is fully implemented in fiscal 2028. This shift in analyst sentiment contributed to the negative stock movement.

Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The -11.8% change in AIOT stock from 4/30/2026 to 8/11/2026 was primarily driven by a -15.0% change in the company's P/S Multiple.
(LTM values as of)43020268112026Change
Stock Price ($)3.222.84-11.8%
Change Contribution By: 
Total Revenues ($ Mil)4334504.0%
P/S Multiple1.00.8-15.0%
Shares Outstanding (Mil)134134-0.2%
Cumulative Contribution-11.8%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/11/2026
ReturnCorrelation
AIOT-11.8% 
Market (SPY)7.2%27.5%
Sector (XLK)16.7%18.6%

Fundamental Drivers

The -44.4% change in AIOT stock from 1/31/2026 to 8/11/2026 was primarily driven by a -47.3% change in the company's P/S Multiple.
(LTM values as of)13120268112026Change
Stock Price ($)5.112.84-44.4%
Change Contribution By: 
Total Revenues ($ Mil)4264505.8%
P/S Multiple1.60.8-47.3%
Shares Outstanding (Mil)134134-0.4%
Cumulative Contribution-44.4%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/11/2026
ReturnCorrelation
AIOT-44.4% 
Market (SPY)11.7%40.0%
Sector (XLK)29.5%30.6%

Fundamental Drivers

The -30.0% change in AIOT stock from 7/31/2025 to 8/11/2026 was primarily driven by a -43.0% change in the company's P/S Multiple.
(LTM values as of)73120258112026Change
Stock Price ($)4.062.84-30.0%
Change Contribution By: 
Total Revenues ($ Mil)36345024.3%
P/S Multiple1.50.8-43.0%
Shares Outstanding (Mil)133134-1.2%
Cumulative Contribution-30.0%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/11/2026
ReturnCorrelation
AIOT-30.0% 
Market (SPY)22.9%44.7%
Sector (XLK)42.2%35.2%

Fundamental Drivers

The 4.8% change in AIOT stock from 7/31/2023 to 8/11/2026 was primarily driven by a 232.2% change in the company's Total Revenues ($ Mil).
(LTM values as of)73120238112026Change
Stock Price ($)2.712.844.8%
Change Contribution By: 
Total Revenues ($ Mil)136450232.2%
P/S Multiple0.70.819.1%
Shares Outstanding (Mil)36134-73.5%
Cumulative Contribution4.8%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/11/2026
ReturnCorrelation
AIOT4.8% 
Market (SPY)74.3%44.6%
Sector (XLK)112.6%38.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
AIOT Return-36%-43%27%95%-20%-42%-59%
Peers Return29%-38%65%33%-10%-7%46%
S&P 500 Return27%-19%24%23%16%13%106%

Monthly Win Rates [3]
AIOT Win Rate42%25%42%50%33%38% 
Peers Win Rate81%42%56%56%44%54% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
AIOT Max Drawdown-50%-58%-49%-25%-55%-51% 
Peers Max Drawdown-16%-48%-26%-22%-37%-34% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: IOT, TRMB, DSGX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/11/2026 (YTD)

How Low Can It Go

EventAIOTS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-39.4%-9.5%
  % Gain to Breakeven64.9%10.5%
  Time to Breakeven54 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-57.7%-24.5%
  % Gain to Breakeven136.3%32.4%
  Time to Breakeven632 days427 days
2020 COVID-19 Crash
  % Loss-65.7%-33.7%
  % Gain to Breakeven191.2%50.9%
  Time to Breakeven288 days140 days

Compare to IOT, TRMB, DSGX

In The Past

PowerFleet's stock fell -3.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 3.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventAIOTS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-39.4%-9.5%
  % Gain to Breakeven64.9%10.5%
  Time to Breakeven54 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-57.7%-24.5%
  % Gain to Breakeven136.3%32.4%
  Time to Breakeven632 days427 days
2020 COVID-19 Crash
  % Loss-65.7%-33.7%
  % Gain to Breakeven191.2%50.9%
  Time to Breakeven288 days140 days

Compare to IOT, TRMB, DSGX

In The Past

PowerFleet's stock fell -3.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 3.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About PowerFleet (AIOT)

PowerFleet, Inc. (AIOT) specializes in providing wireless Internet-of-Things (IoT) asset management solutions across the United States, Israel, and internationally. The company empowers organizations by capturing real-time IoT data from various types of assets using devices and sensors. This intelligence is designed to increase operational efficiencies, improve safety and security, and boost profitability through easy-to-understand reports, dashboards, and real-time alerts.

The core of PowerFleet's offerings includes a comprehensive suite of hardware and software under its PowerFleet, Pointer, and Cellocator brands. Beyond the physical devices and sensors, the company provides Software as a Service (SaaS), which encompasses system monitoring, technical support, routine diagnostic data analysis, and software updates. Additionally, PowerFleet offers hosting, maintenance, support, and consulting services, alongside application programming interfaces (APIs) to integrate with other enterprise management systems and third-party applications.

PowerFleet serves a wide array of commercial and government sectors. Its solutions are critical for industries such as manufacturing (including automotive), wholesale and retail, food and grocery distribution, pharmaceutical and medical distribution, construction, mining, utilities, heavy industry, aerospace and defense, homeland security, vehicle rental, logistics, shipping, and freight transportation. The company distributes its products through both direct sales and indirect channels, including original equipment manufacturers (OEMs), vehicle importers, distributors, and industrial equipment dealers.

AI Analysis | Feedback

Here are a few brief analogies for PowerFleet (AIOT):

  • PowerFleet is like Samsara for diverse industrial asset management.
  • PowerFleet is like Verizon Connect for a wider range of enterprise and government assets.

AI Analysis | Feedback

  • IoT Asset Management Solutions: Provides real-time intelligence by capturing IoT data from various types of assets using devices and sensors.
  • IoT Devices and Sensors: Hardware components used to collect data from physical assets for their asset management solutions.
  • Software as a Service (SaaS): A comprehensive cloud-based offering that includes system monitoring, technical support, diagnostic data analysis, and software updates.
  • Data Visualization and Reporting: Delivers actionable insights through easy-to-understand reports, dashboards, and real-time alerts.
  • Application Programming Interfaces (APIs): Tools provided for integrating their solutions with other enterprise management systems and third-party applications.
  • Hosting, Maintenance, and Support Services: Provides operational support including system hosting, ongoing upkeep, and technical assistance.
  • Consulting Services: Offers expert advice and guidance for implementing, optimizing, and utilizing their IoT asset management solutions.

AI Analysis | Feedback

PowerFleet (AIOT) sells its wireless Internet-of-Things asset management solutions primarily to other companies and government entities, rather than individuals. The provided background information does not specify the names of individual major customer companies.

However, PowerFleet's major customer sectors and industries include:

  • Manufacturing (including automotive manufacturing)
  • Wholesale and retail
  • Food and grocery distribution
  • Pharmaceutical and medical distribution
  • Construction
  • Mining
  • Utilities
  • Heavy industry
  • Aerospace and defense
  • Homeland security
  • Vehicle rental, logistics, shipping, and freight transportation
  • Indirect sales channels such as Original Equipment Manufacturers (OEMs), vehicle importers, distributors, and industrial equipment dealers.

AI Analysis | Feedback

null

AI Analysis | Feedback

Here is the management team for PowerFleet (AIOT):

Steve Towe

Chief Executive Officer

Steve Towe joined PowerFleet as CEO in January 2022. He has a strong background in scaling high-value, global technology organizations. Before joining PowerFleet, he served as President and Chief Operating Officer at Aptos, a global leader in unified commerce solutions in the retail enterprise SaaS market, for five years. He was also the Chief Commercial Officer of Masternaut, a global telematics provider, from 2011 to 2016, where he significantly grew revenue and expanded profit. Earlier in his career, Towe was the Managing Director of Cybit, a telemetry data business, where he drove international organic growth and market consolidation through acquisitions. He has experience managing both publicly traded and private equity-backed companies, indicating a pattern of managing companies backed by private equity firms.

David Wilson

Chief Financial Officer and Corporate Secretary

David Wilson brings over 20 years of executive leadership and finance experience in both public and private markets. He has a proven track record of guiding companies through business transformations, high-multiple merger and acquisition transactions, and capital raises exceeding $1 billion. Prior to PowerFleet, Wilson held CFO positions at various B2B SaaS companies, including NSONE Inc., Symphony Communications (a privately held encrypted communication company valued at over $1 billion), and Ooyala Inc., where he played a key role in its sale to Telstra. His experience also includes serving as CFO for Alaska Communications Systems, a former Nasdaq-listed telecommunications provider.

Jeff Lautenbach

Chief Revenue Officer

Jeff Lautenbach is responsible for PowerFleet's global go-to-market strategy and sales initiatives. Before joining PowerFleet, he served as Chief Revenue Officer at Conga, an enterprise SaaS company specializing in Revenue Lifecycle Management. His previous roles also include President of Global Field Operations for Cornerstone OnDemand and President of Worldwide Field Operations at Jive Software.

Melissa Ingram

Chief Corporate Development Officer

Melissa Ingram has a solid background in leading transformation journeys for companies in high-growth phases. Before her tenure at PowerFleet, she served for over five years as the Transformation and Growth Leader at Aptos. In this role, she led the integration of four acquisitions, standardized global operations, and initiated multi-million dollar profit improvement programs.

Catherine Lewis

Chief Customer Officer

Catherine Lewis joined PowerFleet as Chief Customer Officer after dedicating 10 years as the Executive Vice President of Technology and Managing Director of central services at MiX. With over 20 years at MiX, she held various global roles, overseeing areas such as software and hardware engineering, SaaS operations and support, manufacturing & supply chain, marketing, product management, business systems, and IT. She holds a Bachelor of Science degree in Information Systems from the University of Cape Town.

AI Analysis | Feedback

The key risks to PowerFleet (AIOT) include significant integration challenges and indebtedness stemming from its acquisition-led growth strategy, the pressures of a highly competitive and rapidly evolving market, and exposure to geopolitical instabilities and currency fluctuations due to its international operations.

  1. Integration Challenges and Indebtedness from Acquisitions: PowerFleet has grown through strategic acquisitions, such as MiX Telematics and Fleet Complete. However, the integration of these acquired businesses presents operational, cultural, and logistical challenges that could negatively impact the company's financial condition and operational results. Furthermore, the company has incurred substantial debt to finance these acquisitions, which could restrict its operational flexibility and heighten its vulnerability to fluctuations in market interest rates.

  2. Highly Competitive and Rapidly Evolving Market: PowerFleet operates in the telematics and AIoT (Artificial Intelligence of Things) space, which is characterized by intense competition from both established players and new entrants. This highly competitive and fragmented market necessitates continuous innovation and adaptation to maintain market relevance, and intense competition could exert pressure on pricing and market share.

  3. Geopolitical Risks and Currency Fluctuations: Given PowerFleet's international presence, particularly in regions like the Middle East and South Africa, it is exposed to geopolitical risks. For instance, ongoing conflicts in the Middle East have already impacted the company's supply chain and workforce stability in Israel. Additionally, currency fluctuations, especially involving the South African rand, Mexican peso, Brazilian real, Israeli new shekel, and Canadian dollar, can materially affect the company's income and expenses due to the translation of its foreign subsidiaries' financial statements into U.S. dollars.

AI Analysis | Feedback

The expansion of hyperscale cloud providers (e.g., Amazon Web Services, Microsoft Azure) into comprehensive, end-to-end Internet-of-Things (IoT) asset management platforms poses an emerging threat. These platforms offer increasingly sophisticated device management, data ingestion, analytics, and visualization capabilities directly to enterprises. This could empower PowerFleet's customers to build or integrate similar solutions leveraging their existing cloud infrastructure, potentially reducing the reliance on specialized third-party providers like PowerFleet for their IoT asset management needs.

AI Analysis | Feedback

PowerFleet (AIOT) operates within several significant addressable markets related to wireless Internet-of-Things (IoT) asset management solutions, telematics, and fleet management.

The estimated addressable markets for PowerFleet's main products and services are as follows:

  • Global Telematics Market: This market was estimated at approximately $129.16 billion in 2024 and is projected to grow to $681.8 billion by 2035, exhibiting a compound annual growth rate (CAGR) of 16.33%. Another projection indicates the global automotive telematics market, which includes consumer connected cars and embedded OEM systems, to be around $49.6 billion in 2025, reaching nearly $80 billion by 2034 with a CAGR of approximately 5.5%.
  • Global Fleet Telematics Market: This specific segment of the telematics market, covering hardware, software, and services for managing vehicle fleets, was estimated at approximately $11.2 billion in 2023 and is projected to rise to about $26.9 billion by 2032, with a CAGR of roughly 10.3%.
  • Global Commercial Vehicle Telematics Market: Valued at $61.52 billion in 2024, this market is projected to reach $130.08 billion by 2030, growing at a CAGR of 13.8% from 2025 to 2030. North America held the largest share of this market, accounting for 34.1% of global revenue in 2024.
  • Global Fleet Management Solutions Market: This market was valued at $27.85 billion in 2025 and is expected to grow to $52.21 billion by 2030, at a CAGR of 12.9%. Other estimates place this market at $32.87 billion in 2025, forecasted to climb to $67.03 billion by 2030 with a 15.32% CAGR. Another source indicates a market size of $28.8 billion in 2024, anticipated to reach $61.0 billion by 2033, exhibiting an 8.63% CAGR. Furthermore, the fleet management solutions market is expected to reach $84.3 billion by 2032, with a CAGR of 17.4% from 2025 to 2032.
  • Global IoT-based Asset Tracking and Monitoring Market: This market was calculated at $4.84 billion in 2025 and is predicted to increase to approximately $10.67 billion by 2035, expanding at a CAGR of 8.23% from 2026 to 2035. Another projection values the market at $5.76 billion in 2025, growing to $17.36 billion by 2034 with a CAGR of 13.04%. The market for IoT asset tracking solutions specifically was valued at $4.67 billion in 2025 and is projected to grow to $10.77 billion by 2034, exhibiting a CAGR of 12.9%.
  • Global Assets Management IoT Market: This broader market, which includes various applications of IoT for asset management, was valued at $26.43 billion in 2025 and is expected to reach $57.08 billion by 2033, growing at a CAGR of 10.1%.
  • Global Industrial IoT (IIoT) Market: The larger Industrial IoT market, which encompasses PowerFleet's offerings, is projected to reach $2.1 trillion by 2034, growing at a 17% CAGR.

AI Analysis | Feedback

PowerFleet (AIOT) is anticipated to drive future revenue growth over the next two to three years through several key strategies:

  1. Continued Shift to a SaaS-Centric Business Model: PowerFleet is actively transforming into a subscription-first business, with recurring Software as a Service (SaaS) revenue constituting a significant and expanding portion of its total revenue. This shift provides more predictable and higher-margin revenue streams, with the company aiming for 83% recurring revenue by 2027.
  2. Leveraging Strategic Acquisitions and Integration: The successful integration of major acquisitions, specifically MiX Telematics and Fleet Complete, has dramatically expanded PowerFleet's subscriber base from 700,000 to 2.8 million and significantly increased its annualized revenue. This expanded base provides a foundation for further growth through synergy realization and a broader market reach.
  3. Cross-sell and Upsell Opportunities within an Expanded Customer Base: With a substantially larger customer base resulting from recent acquisitions, PowerFleet is observing strong momentum in cross-sell and upsell initiatives. The company identifies opportunities with more than half of the Fortune 500 across key industry segments, capitalizing on its extended customer relationships.
  4. Growth of Key Technology Solutions (AI Video, Data Highway, In-Warehouse): PowerFleet is experiencing accelerated growth in specific high-value product areas. Its AI video pipeline grew by 120% quarter-over-quarter, and its unique data highway pipeline increased by 50% quarter-over-quarter. Demand for its in-warehouse safety solutions is also fueling new customer acquisition.
  5. International Expansion and Strategic Partnerships: The company's international operations have demonstrated resilience, achieving 13% organic growth in FY25. Furthermore, a strategic partnership with MTN Group positions PowerFleet to reach an additional 300 million potential customers, expanding its global footprint and market penetration.

AI Analysis | Feedback

Share Issuance

  • PowerFleet issued $21.343 million in shares related to the Fleet Complete acquisition in fiscal year 2025.
  • The company issued $1.108 million in shares for preferred stock dividends in fiscal year 2025.
  • PowerFleet received $61.9 million in equity proceeds from the Fleet Complete transaction.

Outbound Investments

  • PowerFleet strategically acquired Fleet Complete for a total transaction value of $200 million, with the transaction expected to close on October 1, 2024.
  • The company completed the acquisition of MiX Telematics, achieving significant cost synergies and contributing to its transformation.
  • PowerFleet acquired licensed intellectual property related to the Movingdots acquisition for $1.517 million.

Capital Expenditures

  • Capital expenditures were approximately $17.036 million for fiscal year 2025 and $3.673 million for fiscal year 2024.
  • The company reported capital expenditures of $21.12 million in the last 12 months.
  • R&D investments, including $2.4 million in capitalized software, totaled $5.8 million in Q2 FY2025, reflecting a focus on software development and optimized spend post-acquisition.

Better Bets vs. PowerFleet (AIOT)

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

AIOTIOTTRMBDSGXMedian
NamePowerFle.Samsara Trimble Descarte. 
Mkt Price2.8440.3257.9879.1849.15
Mkt Cap0.423.513.66.810.2
Rev LTM4501,7313,6877541,242
Op Inc LTM22-12656234128
FCF LTM-3235480281258
FCF 3Y Avg-18120493233177
CFO LTM34265505288276
CFO 3Y Avg13142527240191

Growth & Margins

AIOTIOTTRMBDSGXMedian
NamePowerFle.Samsara Trimble Descarte. 
Rev Chg LTM15.1%29.6%3.2%12.8%14.0%
Rev Chg 3Y Avg55.7%34.4%1.0%14.2%24.3%
Rev Chg Q6.4%30.5%11.8%14.7%13.3%
QoQ Delta Rev Chg LTM1.5%6.9%2.8%3.4%3.1%
Op Inc Chg LTM325.9%92.0%41.8%22.1%66.9%
Op Inc Chg 3Y Avg-24.0%46.0%10.2%18.2%14.2%
Op Mgn LTM4.9%-0.7%17.8%31.1%11.3%
Op Mgn 3Y Avg-4.7%-11.9%14.3%29.7%4.8%
QoQ Delta Op Mgn LTM0.4%2.5%0.8%0.9%0.8%
CFO/Rev LTM7.6%15.3%13.7%38.2%14.5%
CFO/Rev 3Y Avg2.4%9.2%14.2%35.8%11.7%
FCF/Rev LTM-0.7%13.6%13.0%37.3%13.3%
FCF/Rev 3Y Avg-6.5%7.6%13.3%34.8%10.4%

Valuation

AIOTIOTTRMBDSGXMedian
NamePowerFle.Samsara Trimble Descarte. 
Mkt Cap0.423.513.66.810.2
P/S0.813.63.79.06.4
P/Op Inc17.4-1,934.720.729.119.1
P/EBIT19.6-1,934.721.528.920.5
P/E-20.3407.929.838.734.3
P/CFO11.188.526.923.725.3
Total Yield-4.9%0.2%3.4%2.6%1.4%
Dividend Yield0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-3.4%0.6%3.5%3.2%1.9%
D/E0.80.00.10.00.1
Net D/E0.7-0.00.1-0.10.0

Returns

AIOTIOTTRMBDSGXMedian
NamePowerFle.Samsara Trimble Descarte. 
1M Rtn-33.0%9.8%9.8%9.9%9.8%
3M Rtn-12.3%43.5%2.6%17.8%10.2%
6M Rtn-31.9%44.5%-15.8%14.2%-0.8%
12M Rtn-35.3%24.1%-29.8%-20.2%-25.0%
3Y Rtn35.9%69.8%4.3%8.3%22.1%
1M Excs Rtn-37.1%6.6%8.0%6.0%6.3%
3M Excs Rtn-17.9%34.4%-4.4%10.7%3.2%
6M Excs Rtn-51.5%37.1%-24.3%6.5%-8.9%
12M Excs Rtn-47.6%-1.5%-51.7%-42.7%-45.2%
3Y Excs Rtn-68.2%-16.7%-68.6%-66.4%-67.3%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20262025202420232022
Services360277228479
Products8486125057
Total44436334134136


Price Behavior

Price Behavior
Market Price$2.84 
Market Cap ($ Bil)0.4 
First Trading Date10/03/2019 
Distance from 52W High-49.7% 
   50 Days200 Days
DMA Price$4.05$4.19
DMA Trenddownup
Distance from DMA-29.9%-32.1%
 3M1YR
Volatility88.7%65.7%
Downside Capture361.43305.53
Upside Capture240.39187.37
Correlation (SPY)28.4%44.1%
AIOT Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta-0.081.301.351.972.242.00
Up Beta-1.790.32-0.201.452.061.77
Down Beta2.993.182.662.603.072.12
Up Capture-29%95%183%169%252%1339%
Bmk +ve Days11223567138427
Stock +ve Days10193257118352
Down Capture-70%87%99%190%159%111%
Bmk -ve Days11212859114326
Stock -ve Days12233067129382

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AIOT
AIOT-26.7%66.9%-0.18-
Sector ETF (XLK)40.7%25.9%1.2834.6%
Equity (SPY)22.1%12.8%1.2844.3%
Gold (GLD)28.2%28.4%0.8614.5%
Commodities (DBC)37.4%20.1%1.47-17.0%
Real Estate (VNQ)12.5%13.8%0.6126.2%
Bitcoin (BTCUSD)-45.3%42.9%-1.2835.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AIOT
AIOT-15.4%65.7%0.02-
Sector ETF (XLK)20.2%25.8%0.7032.2%
Equity (SPY)13.3%17.2%0.6034.2%
Gold (GLD)18.8%18.6%0.824.4%
Commodities (DBC)9.3%19.6%0.365.1%
Real Estate (VNQ)1.9%18.9%-0.0021.1%
Bitcoin (BTCUSD)10.9%52.8%0.3919.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AIOT
AIOT-6.1%66.0%0.14-
Sector ETF (XLK)24.4%24.9%0.8932.3%
Equity (SPY)15.3%17.9%0.7335.7%
Gold (GLD)12.0%16.2%0.615.0%
Commodities (DBC)7.9%18.0%0.3512.9%
Real Estate (VNQ)4.5%20.7%0.1827.6%
Bitcoin (BTCUSD)59.4%66.1%0.9920.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7312026
Short Interest: Shares Quantity12.3 Mil
Short Interest: % Change Since 7152026-4.9%
Average Daily Volume0.9 Mil
Days-to-Cover Short Interest13
Basic Shares Quantity134.2 Mil
Short % of Basic Shares9.2%

Earnings Returns History

Updated 8/12/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/10/2026-30.6%  
6/15/2026-1.9%-7.3%1.7%
2/9/2026-1.2%-19.6%-31.4%
11/10/20254.9%0.6%9.2%
8/11/202513.4%18.1%27.9%
6/16/202511.9%0.7%1.8%
2/10/202531.1%36.1%-1.7%
11/12/2024-5.1%14.8%25.0%
...
SUMMARY STATS   
# Positive111414
# Negative1399
Median Positive7.4%11.9%10.5%
Median Negative-2.7%-7.4%-6.8%
Max Positive31.1%36.1%43.4%
Max Negative-30.6%-21.8%-31.4%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/10/2026-30.6%  
6/15/2026-1.9%-7.3%1.7%
2/9/2026-1.2%-19.6%-31.4%
11/10/20254.9%0.6%9.2%
8/11/202513.4%18.1%27.9%
6/16/202511.9%0.7%1.8%
2/10/202531.1%36.1%-1.7%
11/12/2024-5.1%14.8%25.0%
8/22/2024-0.4%0.0%1.4%
3/12/20249.0%35.2%43.4%
11/9/20234.5%15.1%16.1%
8/8/2023-12.5%-21.3%-6.8%
5/9/20233.7%-3.0%11.7%
3/9/20233.7%-3.1%4.1%
11/8/2022-3.8%7.7%-7.7%
8/8/20227.4%32.0%17.2%
5/10/2022-17.6%-21.8%-16.2%
3/9/2022-2.7%-0.3%-4.4%
11/4/2021-5.4%-7.4%-16.0%
8/5/20216.1%7.0%7.0%
5/5/2021-1.3%-10.6%-4.8%
2/25/2021-2.0%9.1%6.8%
11/9/202019.8%15.6%15.1%
8/6/2020-0.2%2.0%-6.3%
SUMMARY STATS   
# Positive111414
# Negative1399
Median Positive7.4%11.9%10.5%
Median Negative-2.7%-7.4%-6.8%
Max Positive31.1%36.1%43.4%
Max Negative-30.6%-21.8%-31.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/10/202610-Q
03/31/202606/15/202610-K
12/31/202502/09/202610-Q
09/30/202511/10/202510-Q
06/30/202508/11/202510-Q
03/31/202506/26/202510-K
12/31/202402/10/202510-Q
09/30/202411/12/202410-Q
06/30/202408/28/202410-Q
03/31/202408/22/202410-KT
12/31/202305/09/202410-K
09/30/202311/13/202310-Q
06/30/202308/10/202310-Q
03/31/202305/10/202310-Q
12/31/202203/31/202310-K
09/30/202211/09/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/10/202610-Q
03/31/202606/15/202610-K
12/31/202502/09/202610-Q
09/30/202511/10/202510-Q
06/30/202508/11/202510-Q
03/31/202506/26/202510-K
12/31/202402/10/202510-Q
09/30/202411/12/202410-Q
06/30/202408/28/202410-Q
03/31/202408/22/202410-KT
12/31/202305/09/202410-K
09/30/202311/13/202310-Q
06/30/202308/10/202310-Q
03/31/202305/10/202310-Q
12/31/202203/31/202310-K
09/30/202211/09/202210-Q
06/30/202208/09/202210-Q
03/31/202205/10/202210-Q
12/31/202103/16/202210-K
09/30/202111/10/202110-Q
06/30/202108/10/202110-Q
03/31/202105/12/202110-Q
12/31/202003/22/202110-K
09/30/202011/13/202010-Q
06/30/202008/14/202010-Q
03/31/202005/15/202010-Q
12/31/201904/08/202010-K
09/30/201911/13/201910-Q

Recent Forward Guidance

Updated 8/11/2026

Latest: Q1 2027 Earnings Reported 8/10/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2027 Revenue468.00 Mil470.50 Mil473.00 Mil-3.5% LoweredGuidance: 487.50 Mil for 2027
2027 Net Loss-8.00 Mil-7.00 Mil-6.00 Mil   
2027 Adjusted EBITDA111.00 Mil112.50 Mil114.00 Mil-8.9% LoweredGuidance: 123.50 Mil for 2027
2027 Free Cash Flow20.00 Mil21.50 Mil23.00 Mil-33.8% LoweredGuidance: 32.50 Mil for 2027

Prior: Q4 2026 Earnings Reported 6/15/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2027 Revenue485.00 Mil487.50 Mil490.00 Mil10.2% Higher NewGuidance: 442.50 Mil for 2026
2027 Services Revenue 400.00 Mil    
2027 Net Income4.00 Mil6.00 Mil8.00 Mil   
2027 Adjusted EBITDA122.00 Mil123.50 Mil125.00 Mil   
2027 Free Cash Flow30.00 Mil32.50 Mil35.00 Mil   

Q3 2026 Earnings Reported 2/9/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue440.00 Mil442.50 Mil445.00 Mil0.6% RaisedGuidance: 440.00 Mil for 2026
2026 Adjusted EBITDA Growth 45.0%  -5.0%LoweredGuidance: 50.0% for 2026
2026 Adjusted net debt to adjusted EBITDA leverage ratio 2.4 6.7% LoweredGuidance: 2.25 for 2026

Q2 2026 Earnings Reported 11/10/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue435.00 Mil440.00 Mil445.00 Mil1.1% RaisedGuidance: 435.00 Mil for 2026
2026 Adjusted EBITDA Growth45.0%50.0%55.0% 0AffirmedGuidance: 50.0% for 2026
2026 Adjusted net debt to adjusted EBITDA leverage ratio 2.25    

Insider Activity

Updated 7/29/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1McConnell, Michael JDirectBuy81820254.6410,00046,400130,050Form
2Towe, Steven MarkChief Executive OfficerDirectBuy81420254.4223,157102,35410,864,020Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1McConnell, Michael JDirectBuy81820254.6410,00046,400130,050Form
2Towe, Steven MarkChief Executive OfficerDirectBuy81420254.4223,157102,35410,864,020Form

Investor Activity (13F)

Updated Aug 12, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
325 Capital LLC$11.8 Mil4.3%12Hold13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Voss Capital, LP$21.0 Mil1.1%48Exited13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
325 Capital LLC$11.8 Mil4.3%12Hold13F
Core Cache Last Updated: 8/11/2026