Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026

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MethodCoverageAbout
Powerfleet, Inc.AIOT · business equipment
GradeNonecomputable_factors_below_threshold: 6 of 14 inputs computable; 7 are required
Reliability0.91 AUCfailure model, filers with $591M to $2.67B assets; 95% interval 0.88 to 0.94; 160 events, 2020 to 2025
Peer failure rate1.01% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size band$591M to $2.67B assetstotal assets $955.6M[1]
Standard universeinsiderevenue above $1M and assets above $10M[1-2]
Warningslate filer, thin datanot computable: distress
Inputs computable6 of 14
Graded fromfilings received through Jun 15, 2026116 days before the rescan; every figure keyed to the SEC receipt date
Last close$2.652026-10-08; market equity $355.0M; iex feed
Price used in gradeNone
Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history
$4NovDecJanFebMarAprMayJunJulAugSepOct$2.64
ABCDE20132014201520162017201820192020202120222023202420252026

Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date.

Open this report as it stood on

Letter setLetterPercentileBand
Jan 21, 2012nonen/a
Apr 21, 2020nonen/aQ3
Mar 21, 2022C43.2Q3
Apr 21, 2022B/C38.1Q3
May 21, 2022nonen/aQ3
Apr 21, 2023C57.2Q3
Jun 21, 2023C/D57.9Q3
May 21, 2024E88.9Q3
Sep 21, 2024nonen/aQ3
Jul 21, 2025nonen/aQ4

Each date opens the report as it stood on that rescan.

Business, in the company's words. Opening of Item 1 of the 10-K received Jun 15, 2026; the document on sec.gov.

We are a global provider of Artificial Intelligence-of-Things (“AIoT”) solutions providing valuable connected business intelligence for managing high-value enterprise and mid-market assets that improve operational efficiencies. We are headquartered in Woodcliff Lake, New Jersey, with offices located around the globe. Our Unity data highway and AIoT ecosystem is the centerpiece of our strategy. Unity has the capability to ingest data from multiple data sources, harmonizing and transforming the dataset, and delivering simply understood actionable insights through a unified Software-as-a-Service (“SaaS”) platform and deep integrations with customer business systems.

Warnings [top]

Late filer. found 1 NT 10-K/Q filings in the last eight quarters
Thin data. 6 of 14 grade factors are computable; minimum is 7

7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.

The Fourteen Inputs [top]

Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.

InputPercentile, 0 to 100ValueSourcePeer medianPercentilePeersPeriod end
Profitability, sleeve percentile 57.1
Gross profitability25.8%[1,3]28.5%51.75582026-03-31
Return on invested capitalnot computable10.9%
pretax income must exceed the validity floor and imply a 0%-100% tax rate
Accruals ratio(5.5%)[1,4-6](7.4%)62.66212026-03-31
Gross margin stability, five yearsnot computable2.4 pts
five consecutive annual gross margins are required
Solvency, sleeve percentile 65.5
Twelve-month failure probabilitynot computable0.05%
four consecutive discrete net-income quarters are required; found 4
Altman Z double-prime0.56[1,7-12]2.1854.35662026-03-31
Net debt to EBITDA2.51x[10,13-15]1.11x67.81472026-03-31
Interest coveragenot computable3.77x
latest aligned inputs end 2021-12-31; latest annual assets end 2026-03-31
Current ratio1.13x[7-8]2.02x74.46662026-03-31
Growth and financing, sleeve percentile 49.8
Revenue growth, three-year compoundnot computable6.4%
four consecutive annual observations are required
Free cash flow growth, three-year compoundnot computable17.2%
four consecutive annual FCF observations are required; found 7
Reinvestment ratenot computable14.3%
pretax income must exceed the validity floor and imply a 0%-100% tax rate
Asset growth, three yearsnot computable5.0%
four consecutive annual observations are required
Net share issuance, one year0.6%[16-17]0.5%49.84072026-06-12

Gross profitability. Revenue less cost of goods sold, over total assets.

Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.

Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.

Twelve-month failure probability. CHS model; lower is stronger.

Net debt to EBITDA. Lower is stronger.

Net share issuance, one year. Split-adjusted; lower is stronger.

Among 497 Peers [top]

What the Price Implies [top]

Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month(42.7%)2.2%16hotter than 16 of 100 peers
Distance from 52-week high(53.3%)(30.0%)22closer to its high than 22 of 100 peers
EBIT to enterprise value3.5%1.5%68pricier than 32 of 100 peers
Free cash flow yield2.5%2.7%48pricier than 52 of 100 peers
Book value to price1.360.2392pricier than 8 of 100 peers
Sales to price1.250.3081pricier than 19 of 100 peers
Composite equity issuance, five years131.7%3.9%95more equity-funded than 95 of 100 peers
Relative strength against the sector, log excess return(0.84)(0.26)16ahead of 16 of 100 peers

Inputs: market equity $354.4M; EBIT $19.6M; free cash flow $8.8M; book equity $482.6M; sales $443.8M; debt $236.5M; cash $32.8M[18].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: 6 of 9, period end 2026-03-31
Return on assets above zero(2.3%)✗ fail[4,6]
Operating cash flow above zero$30.5M✓ pass[5]
Return on assets improved14.3 pts✓ pass[4,6,19-20]
Operating cash flow exceeds net income$51.0M✓ pass[4-5]
Long-term leverage fell(13.5 pts)✓ pass[1,6,20-22]
Current ratio improved1.5 pts✓ pass[7-8,23-24]
No new shares issued0.6%✗ fail[16-17]
Gross margin improved1.9 pts✓ pass[2-3,25-26]
Asset turnover improved(68.7 pts)✗ fail[2,6,20,26]
Cash, filings, liquidity
Cash and equivalents$32.8M[27]
Operating cash flow, four quarters$34.2M[5,27-31]
Months of runwaynot finite
trailing operating cash flow is nonnegative, so runway is not finite
Late filings, two years1
NT 10-K or NT 10-Q
Days since last periodic filing60
10-Q received Aug 10, 2026
Median daily dollar volume$4.4M
63 sessions
Days since newest grade input116

Downloads [top]

Sources [top]

Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.

#ConceptXBRL tagValuePeriod endReceivedFormLinks
1assetsus-gaap:Assets$955.6M2026-03-312026-06-1510-Kfiling · viewer · series
2revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$443.8M2026-03-312026-06-1510-Kfiling · viewer · series
3gross profitus-gaap:GrossProfit$246.4M2026-03-312026-06-1510-Kfiling · viewer · series
4net incomeus-gaap:NetIncomeLoss-$20.6M2026-03-312026-06-1510-Kfiling · viewer · series
5operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$30.5M2026-03-312026-06-1510-Kfiling · viewer · series
6assetsus-gaap:Assets$910.1M2025-03-312026-06-1510-Kfiling · viewer · series
7current assetsus-gaap:AssetsCurrent$179.2M2026-03-312026-06-1510-Kfiling · viewer · series
8current liabilitiesus-gaap:LiabilitiesCurrent$158.0M2026-03-312026-06-1510-Kfiling · viewer · series
9retained earningsus-gaap:RetainedEarningsAccumulatedDeficit-$226.3M2026-03-312026-06-1510-Kfiling · viewer · series
10operating incomeus-gaap:OperatingIncomeLoss$19.6M2026-03-312026-06-1510-Kfiling · viewer · series
11book equityus-gaap:StockholdersEquity$475.5M2026-03-312026-06-1510-Kfiling · viewer · series
12liabilitiesus-gaap:Liabilities$473.9M2026-03-312026-06-1510-Kfiling · viewer · series
13total debtus-gaap:LongTermDebt$236.5M2026-03-312026-06-1510-Kfiling · viewer · series
14cashus-gaap:CashAndCashEquivalentsAtCarryingValue$36.5M2026-03-312026-06-1510-Kfiling · viewer · series
15depreciation amortizationus-gaap:DepreciationDepletionAndAmortization$60.3M2026-03-312026-06-1510-Kfiling · viewer · series
16shares outstandingdei:EntityCommonStockSharesOutstanding134,180,8782026-06-122026-06-1510-Kfiling · viewer · series
17shares outstandingdei:EntityCommonStockSharesOutstanding133,370,5422025-06-252025-06-2610-Kfiling · viewer · series
18shares outstandingdei:EntityCommonStockSharesOutstanding134,225,9182026-08-062026-08-1010-Qfiling · viewer · series
19net incomeus-gaap:NetIncomeLoss-$51.0M2025-03-312026-06-1510-Kfiling · viewer · series
20assetsus-gaap:Assets$308.7M2024-03-312025-06-2610-Kfiling · viewer · series
21long term debtus-gaap:LongTermDebtNoncurrent$229.7M2026-03-312026-06-1510-Kfiling · viewer · series
22long term debtus-gaap:LongTermDebtNoncurrent$232.2M2025-03-312026-06-1510-Kfiling · viewer · series
23current assetsus-gaap:AssetsCurrent$169.1M2025-03-312026-06-1510-Kfiling · viewer · series
24current liabilitiesus-gaap:LiabilitiesCurrent$151.0M2025-03-312026-06-1510-Kfiling · viewer · series
25gross profitus-gaap:GrossProfit$194.5M2025-03-312026-06-1510-Kfiling · viewer · series
26revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$362.5M2025-03-312026-06-1510-Kfiling · viewer · series
27cashus-gaap:CashAndCashEquivalentsAtCarryingValue$32.8M2026-06-302026-08-1010-Qfiling · viewer · series
28operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$8.4M2026-06-302026-08-1010-Qfiling · viewer · series
29operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$20.5M2025-12-312026-02-0910-Qfiling · viewer · series
30operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$10.2M2025-09-302025-11-1010-Qfiling · viewer · series
31operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$4.7M2025-06-302026-08-1010-Qfiling · viewer · series

Limitations [top]

Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.

Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.

Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.

Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.

Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.

Informational and educational only. Not investment advice. SEC and market data may contain errors.

If you have any comments about this page, the methodology and every line of code that produced it are in the public repository. However, due to the limited number of personnel, we are unable to provide a direct response.

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Source
GitHub · ezrakruger.cc
Photographs from Wikimedia Commons

bull: Raphael Schön from Vienna, Austria, CC BY 2.0; bear: U. S. Fish and Wildlife Service - Northeast Region, Public domain; elk: Oregon Department of Fish & Wildlife, Public domain; tortoise: NPS, Public domain; sloth: Charles J. Sharp, CC BY-SA 3.0; fox: Cp9asngf, CC BY-SA 4.0; sector-business_equipment: Sangitiana Fararano, CC BY-SA 2.0; sector-healthcare: User:Squidonius, myself, and User:Beliason (assumed)., CC BY-SA 4.0; sector-manufacturing: unknown, CC BY-SA 2.0; sector-shops: Wilfredor, CC BY-SA 4.0; sector-consumer_nondurables: Nielsoncaetanosalmeron, CC BY 4.0; sector-utilities: Lijovklm, CC BY-SA 4.0; sector-consumer_durables: Stilfehler, CC BY-SA 4.0; sector-chemicals: PEO ACWA, CC BY 2.0; sector-energy: Arne Hückelheim, CC BY-SA 3.0; sector-telecom: Wikideas1, CC0; sector-other: Downtowngal, CC BY-SA 4.0.

Updated Oct 9, 2026