Forensic Analysis · Technology / Software · as of Aug 11, 2026
Powerfleet, Inc. (AIOT)
A forensic read on Powerfleet, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Distress
Financial health
0.4
Distress distance
Clean
Earnings quality
5
Forensic signals
-28.3
P / E (ttm)
-4.3%
ROE
$405M
Market cap
0.00%
Dividend yield
22.4%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Powerfleet, Inc. earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 0.4, placing it in the Distress zone. 5 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
2.0%
FY2026
Return on invested capital.Return on invested capital is 2.0% in the latest fiscal year and rising from -3% — well below its ~10% cost of capital, so reinvested dollars may be destroying value, not building it.
1.7% of rev
FY2026
Stock-based comp load.Stock-based compensation ran 1.7% of revenue and 85% of free cash flow in FY2026 — about $0.06 per diluted share. The cost of it is not in the cash flow — no cash left the business — it is in the count: holders gave up about 4.9% of the company a year, and that rate is not falling. That is the figure to weigh, not the share of free cash flow.
stopped
FY2025→FY2026
Shareholder returns — halted.Capital returns have STOPPED — $3M of buybacks + dividends in FY2025, but ~$0 in FY2026. A halt usually means the company is conserving cash.
71d DSO
FY2025→FY2026
Receivables vs revenue.Days sales outstanding moved from 55 to 71 days FY2025→FY2026 (receivables +19% vs revenue +22%). Receivables are creeping up relative to sales. Deferred revenue was roughly flat (+7%) over the same period, which doesn't corroborate a benign upfront-billing explanation for the receivables build. Measured against the same quarter twelve months earlier — like-for-like on the calendar, so an ordinary seasonal build cannot produce it — receivables took longer to collect in 3 consecutive quarters (Dec 2025 +4, Mar 2026 +5, Jun 2026 +4 days). In the latest of them the receivable balance grew +12% against sales +6%, so more of a quarter's billings were still outstanding at the period end than a year earlier — money the company has recognized and not yet been paid.
Key fundamentals
Latest Revenue$443.8M
Revenue Growth YoY+22.4%
Revenue CAGR (3yr)+70.5%
Net Margin-4.6%
Free Cash Flow$8.8M
Return on Equity-4.3%
Debt / Equity0.50x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Powerfleet, Inc.'s actual 10-K/10-Q/8-K filings?
Data from SEC EDGAR public filings · metrics as of Aug 11, 2026. Forensic signals flag probability, not certainty.
Powerfleet, Inc. (AIOT) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
n/m (stock split)
FY2022–FY2026
Share count (stock split).Diluted share count changed +275% over the last 4 years to FY2026, but that includes a large one-time change around FY2025 consistent with a stock split or reverse split, not gradual buybacks or issuance — a split changes the count with NO effect on any holder's proportional ownership, so the raw +39.2%/yr figure isn't a real buyback/dilution read here.