Powerfleet FY2025 revenue $362.5M (+26%), adjusted EBITDA $71M (+65%)

Powerfleet, Inc.

Total revenue $362.5M (+26% YoY); ~75% recurring SaaS; adjusted EBITDA $71M (+65%), margin 20% (+500 bps).
Q4 revenue $103.6M (+42% YoY); service revenue $81.8M (+49%); adjusted EBITDA $20.4M (+84%).
Q4 adjusted gross margin >60% (vs 53% prior year); achieved $16M annualized cost synergies.
Subscriber base 4x to 2.8M; 48,000 customers including over half Fortune 500.
Net debt $225M at year-end, $6.4M better than ~$235M guidance; Q4 adjusted EPS $0.02 (vs -$0.01).

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