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PowerFleet, Inc.: Business Overview, Financials & Competitive Analysis

PowerFleet is a global leader in artificial intelligence of things (AIoT) software-as-a-service (SaaS) mobile asset management with over 30 years of experience. The company transforms IoT data into actionable intellig...

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6/ 10Solid

Cyborg Score thesis

Growing AIoT SaaS platform with recurring revenue model offers compelling growth potential, offset by current profitability...

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Industry Artificial Intelligence of Things (AIoT) / Mobile Asset Management Software-as-a-Service (SaaS)
3 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: October 19, 2026
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PowerFleet, Inc. Overview

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PowerFleet is a global leader in artificial intelligence of things (AIoT) software-as-a-service (SaaS) mobile asset management with over 30 years of experience. The company transforms IoT data into actionable intelligence for enterprises managing high-value assets across diverse industries including logistics, construction, manufacturing, and public safety.

Strategic Profile

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PowerFleet's flagship Unity platform integrates advanced artificial intelligence with robust data analytics. The company operates a cloud-based, subscription-driven business model that guarantees predictable recurring revenues. The company has grown significantly through organic expansion and strategic partnerships, serving over 8,000 customers globally.

Competitive Landscape

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PowerFleet competes with established telematics and IoT platform providers. The company previously merged with Mix Telematics, which specializes in vehicle tracking technology and Internet of Things. Key competitors include Verizon Connect, Samsara, and other IoT fleet management solutions providers. PowerFleet differentiates through its AI-driven platform and comprehensive service offerings.

Industry Context

PowerFleet, Inc. operates in Artificial Intelligence of Things (AIoT) / Mobile Asset Management Software-as-a-Service (SaaS).

Key facts

Founded: 1993 · Headquarters: Woodcliff Lake, New Jersey · Revenue: $106.4M · Market cap: $706.6M

What the AI analysts debated

AI-generated and not independently verified: selected findings from the multi-agent debate on PowerFleet, Inc..

  • Q2 2026 revenue reached $111.7 million, representing 45% total growth (9% organic) year-over-year
  • PowerFleet serves over 8,000 customers across construction, distribution, field services, government, manufacturing, transportation, and cold chain logistics
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Recent developments

Material events tracked by the AskCyborg corpus.

  • November 2025Q2 FY2026 earnings showed 45% total revenue growth to $111.7M with 9% organic growth
  • November 2025Analyst/Investor Day held to discuss strategic positioning and growth initiatives
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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

Connected Fleet Management PlatformModern fleet operations platform combining IoT hardware and software→Connected Vehicle SolutionsFleet management and telematics solutions→Vehicle Tracking & IoT SolutionsMerged with PowerFleet; vehicle tracking and IoT technologies→

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Industry context

PowerFleet, Inc. operates in Artificial Intelligence of Things (AIoT) / Mobile Asset Management Software-as-a-Service (SaaS). See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does PowerFleet, Inc. do?+
PowerFleet is a global leader in artificial intelligence of things (AIoT) software-as-a-service (SaaS) mobile asset management with over 30 years of experience. The company transforms IoT data into actionable intellig...
What is PowerFleet, Inc.'s Cyborg Score?+
PowerFleet, Inc. has a Cyborg Score of 6/10 (Solid). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are PowerFleet, Inc.'s main competitors?+
Named competitors include Connected Fleet Management Platform, Connected Vehicle Solutions, Vehicle Tracking & IoT Solutions. The full competitive landscape is in the AskCyborg report.
How can I get the full PowerFleet, Inc. research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the PowerFleet, Inc. research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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