Powerfleet (AIOT) Operating Expenses (2018 - 2026)

Powerfleet (AIOT) posted Operating Expenses of $53.6 million for Q1 2026, down 4.8% sequentially from $56.3 million in Q4 2025.

Powerfleet (AIOT) Operating Expenses (2018 - 2026) Analysis & Trends

Powerfleet has reported Operating Expenses for 9 years, with the latest figure at $53.6 million in Q1 2026.

Quarterly Operating Expenses changed N/A year-over-year to $53.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $226.8 million (up 44.92% YoY) and the FY2026 annual result came in at $226.8 million, up 2.91% from the prior year.
Operating Expenses declined to $53.6 million in Q1 2026 per AIOT's latest filing, from $56.3 million in the prior quarter.
Over five years, Operating Expenses peaked at $98.7 million in Q3 2024 and troughed at $17.6 million in Q2 2022.
A 5-year average of $42.4 million and a median of $46.6 million in 2023 frame the typical range for Operating Expenses.
The sharpest annual moves came in 2023 and 2025: Operating Expenses soared 245.61% in 2023, then tumbled 40.86% in 2025.
Over 5 years, Operating Expenses stood at $17.6 million in 2022, then jumped by 245.61% to $61.0 million in 2023, then surged by 61.81% to $98.7 million in 2024, then sank by 42.89% to $56.3 million in 2025, then fell by 4.8% to $53.6 million in 2026.
According to Business Quant data, Operating Expenses over the past three periods registered $53.6 million, $56.3 million, and $58.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Opex (Qtr)
1	Microsoft	3,576.39 Bn	3,443.64 Bn	60.48 Bn	12.28 Bn
2	Palantir Technologies	412.58 Bn	403.17 Bn	1.64 Bn	726.59 Mn
3	Oracle	407.66 Bn	375.77 Bn	-	13.05 Bn
4	Palo Alto Networks	299.27 Bn	296.16 Bn	2.03 Bn	2.21 Bn
5	Fortinet	115.83 Bn	111.76 Bn	1.64 Bn	953.90 Mn
6	Cloudflare	106.65 Bn	102.48 Bn	499.52 Mn	705.21 Mn
7	Synopsys	76.61 Bn	74.41 Bn	1.77 Bn	1.57 Bn
8	CoreWeave	51.53 Bn	45.99 Bn	1.70 Bn	2.62 Bn
9	Block	47.55 Bn	41.12 Bn	3.17 Bn	2.72 Bn
10	Powerfleet	405.19 Mn	372.37 Mn	61.16 Mn	60.89 Mn

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