Powerfleet, Inc.
Close on Oct 19, 2026
- Market cap
- $342.13M
- P/E (TTM)
- –
- Dividend yield
- –
About Powerfleet
Communications Equipment, NEC, SIC 3669
Powerfleet provides Artificial Intelligence-of-Things (AIoT) and connected business intelligence solutions to manage high-value enterprise and mid-market assets. Centered on its Unity SaaS platform and data highway, the company delivers modular tools for on-premise warehouse, yard, and site operations, as well as over-the-road mobile asset management, video safety, tracking, and condition monitoring. Its software connects mixed assets and integrates livestream data with customer enterprise systems to optimize workflows, compliance, and asset performance. Powerfleet markets its offerings directly and via indirect channels to commercial and government clients across diverse sectors, including manufacturing, distribution, transportation, logistics, construction, rental, aerospace, and utilities.
The company is headquartered in Woodcliff Lake, New Jersey, and maintains offices across the globe. Serving more than 50,000 enterprise and mid-market customers worldwide, Powerfleet operates internationally and provides remotely hosted cloud services alongside maintenance, consulting, and customer support. Hardware manufacturing operations are fully outsourced to specialized contract manufacturers.
Summary of the business section of Powerfleet's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Powerfleet, Inc.
- Founded
- 2019
- Headquarters
- Woodcliff Lake, NJ
- Address
- 123 Tice Blvd. 07677
- Phone
- (201) 996-9000
- Website
- www.powerfleet.com
- Employees
- 2,658, Mar 31, 2026
- Industry
- Communications Equipment, NEC
- Incorporated in
- Delaware
- Fiscal year ends
- March 31
- Auditor
- Deloitte & Touche, Johannesburg, South Africa
Stock & identifiers
- Ticker
- AIOT
- Exchange
- Nasdaq
- IPO date
- Jun 30, 1999
- Shares outstanding
- 134M, Aug 6, 2026
- Public float
- $660.50M, Sep 30, 2025
- Filer category
- Accelerated filer
- SEC CIK
- 1774170
- CUSIP
- 73931J109
- ISIN
- US73931J1097
- LEI
- 2549007NKEFPYEH4MF81
- EIN
- 83-4366463
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Steven Mark Towe | Chief Executive Officer, Director | 2,837,055 |
| Paul S. Lalljie | See remarks | 450,000 |
| David Wilson | Chief Financial Officer | 575,926 |
| Melissa Rose Ingram | See remarks | 505,135 |
| Michael Joseph Powell | Chief Innovation Officer | 192,199 |
| Catherine J. Lewis | Chief Customer Officer | 52,972 |
| Ian Jacobs | Director | 4,084,741 |
| Michael J. Casey | Director | 218,220 |
| Michael J. McConnell | Director | 52,424 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2026 Steve Towe | $2.13M | -$7.46M | $1.04M | $41 | $172 |
| FY2025 Steve Towe | $12.88M | $13.36M | $2.38M | $74 | $152 |
| FY2024 Steve Towe | $322.92K | $6.98M | $75.00K | $72 | $139 |
| FY2023 Non Peo Neo | $776.54K | $1.04M | $776.54K | $46 | $126 |
| FY2023 Steve Towe | $3.03M | $4.87M | $776.54K | $46 | $126 |
| FY2022 Chris Wolfe | $346.70K | -$1.15M | $741.83K | $36 | $109 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of March 31, 2026, we had 2,658 total employees globally, 100% of whom are full-time employees.”
Corporate history
Events identified from SEC filings