Powerfleet, Inc.(US:AIOT) Prnewswireยท2025-06-16 11:00Core Insights - Powerfleet, Inc. reported a total revenue growth of 26% for fiscal 2025, reaching $362.5 million, with approximately 75% of this revenue coming from high-margin, recurring SaaS sources [1][9] - The company achieved an annual adjusted EBITDA of $71 million, reflecting a year-over-year increase of 65%, and an adjusted EBITDA margin expansion of 500 basis points to 20% [1][9] - In Q4 2025, total revenue increased by 42% year-over-year to $103.6 million, with service revenue rising by 49% to $81.8 million, and adjusted EBITDA growing by 84% to $20.4 million [1][11] Financial Performance - Total revenue for fiscal 2025 was $362.5 million, with a significant portion derived from SaaS recurring revenue [1][9] - Adjusted EBITDA for the year was $71 million, with margins expanding to 20% due to disciplined execution and cost synergies [1][9] - Q4 2025 saw total revenue of $103.6 million, with gross profit increasing by 42% to $54.8 million [1][11] Operational Highlights - The subscriber base expanded fourfold to 2.8 million, positioning Powerfleet among the top three global AIoT SaaS providers [9] - The customer base grew to 48,000, including over half of the Fortune 500 companies, across eight verticals [9] - The company executed an aggressive M&A strategy, achieving $16 million in annualized cost synergies during FY25 [5][9] Strategic Initiatives - Powerfleet's CEO highlighted the successful integration of two major acquisitions within 12 months and the establishment of the Unity platform as central to customer value creation [3][4] - The company is focused on eliminating low-quality revenue streams from acquired businesses while driving organic growth in high-quality revenue streams [4] - Key strategic solution sets, such as AI video and in-warehouse safety solutions, experienced double-digit organic growth [4][16] Market Position - Powerfleet's Unity platform was recognized as the 1 global solution and platform portfolio by ABI Research, reflecting its leadership in platform depth and AI maturity [16] - The company has significantly increased its sales coverage across North America, Europe, and Australasia, with its indirect channel network tripling to over 320 strategic alliances [9][16]