Powerfleet (NASDAQ:AIOT), a global provider of IoT and SaaS solutions for fleet management, asset visibility, and supply chain optimization, today reported financial results for its third fiscal quarter ended December 31, 2025.
Revenue totaled $113.5 million, increasing 7% year-over-year.
Services revenue rose 11% to $91.1 million, reflecting continued strength in recurring, high-margin subscription-based offerings.
GAAP operating income improved to $6.3 million compared with a loss in the prior-year period.
Adjusted EBITDA increased 26% to $25.7 million.
The company cited the contribution from a large public-sector contract in South Africa as a key driver of growth.
Management also emphasized ongoing investments to support expected demand acceleration while maintaining disciplined cost controls.
Meanwhile, Powerfleet tightened its full-year fiscal 2026 revenue guidance to $440 million–$445 million and forecasted adjusted EBITDA growth of approximately 45% for the year, with net leverage expected to improve to approximately 2.4x by March 31, 2026.