Powerfleet, Inc.
AIOTQ2 2025(AIOT Q4 FY2025)Estimated4% AI
AI Revenue %
4%
AI Fair Value
$14.4M
AI Revenue (Q)
$4.0M
Total Revenue (Q)
$100.9M
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
FY2025 10-K (ending Mar 31, 2025). This is the pivotal filing where company officially rebrands from IoT to 'AIoT' — now described as 'global provider of Artificial Intelligence-of-Things (AIoT) solutions.' Registers 'POWER AI' trademark. Unity described as 'AIoT ecosystem' that 'ingests data from multiple data sources, harmonizing and transforming the dataset, and delivering simply understood insights.' Company references 'AI and machine learning capabilities' and 'AI and data science expertise.' However, single segment (wireless AIoT asset management), no AI revenue breakout, and no dollar figures for AI. The rebrand reflects aspirational positioning more than revenue reality. Full FY2025 revenue estimated ~$340-365M (9-month = $258.9M + Q4). 4% reflects matured AI analytics features across unified platform serving combined MiX + Fleet Complete + legacy Powerfleet customers. Math: 4% of ~$360M = ~$14.4M implied AI revenue.
Analyzed by claude-opus-4-6
Quoted Figures
We are a global provider of Artificial Intelligence-of-Things (AIoT) solutions providing valuable business intelligence for managing high-value enterprise and mid-market assets
10-K FY2025, Item 1 Business
Our enterprise software applications have AI and machine learning capabilities
10-K FY2025, Item 1 Business
We have an established history of Internet-of-Things (IoT) device development, artificial intelligence (AI) and data science expertise
10-K FY2025, Item 1 Business
Within the Unity ecosystem, our Powerfleet for Warehouse and Factory AIoT solutions
10-K FY2025, Item 1 Business
The Company operates in one reportable segment, wireless AIoT asset management
10-K FY2025, Note 15 Segment Information
AI Products Identified (Ring 1)
Unity AIoT platform ML analyticsPower AI featuresConnvex InsightsMovingdots insurance telematics MLPredictive fleet maintenance analytics
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
GPS fleet trackingMiX Telematics subscriptionsFleet Complete subscriptionsIoT hardware devicesBasic telematics SaaSELD/complianceVehicle recovery
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix