Estados financieros detallados de PowerFleet, Inc. (AIOT): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
PowerFleet, Inc. registró ingresos de $443.8M en el último ejercicio fiscal, con un CAGR de 5 años del 31.3%.
Márgenes de los últimos 12 meses: margen bruto 55.7%, margen operativo 4.9%, margen neto -4.2%. El flujo de caja libre creció a un CAGR del 10.1% en 5 años.
Al precio actual de $3.03, AIOT presenta beneficios negativos (P/E no significativo) y un ROE del -3.92%. La capitalización bursátil es de $407M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Ingresos | $36.8M | $41.0M | $53.1M | $81.9M | $113.6M | $126.0M | $135.2M | $362.5M | $362.5M | $443.8M |
| Coste de Ventas | $18.5M | $20.0M | $27.3M | $43.6M | $54.6M | $66.2M | $71.0M | $168.0M | $168.0M | $197.4M |
| Beneficio Bruto | $18.3M | $20.9M | $25.8M | $38.4M | $59.0M | $59.8M | $64.2M | $194.5M | $194.5M | $246.4M |
| I+D | $4.5M | $4.0M | $6.9M | $8.5M | $10.6M | $11.4M | $9.0M | $16.1M | $16.1M | $18.4M |
| Generales y Administrativos | $20.1M | $21.1M | $24.7M | 0 | $52.0M | $56.5M | $62.2M | $85.4M | $204.4M | $208.5M |
| Gastos Operativos | $24.7M | $25.0M | $31.5M | $48.1M | $62.6M | $67.9M | $71.1M | $220.4M | $220.4M | $226.8M |
| Beneficio Operativo | -$6.4M | -$4.1M | -$5.7M | -$9.8M | -$3.6M | -$8.2M | -$6.9M | -$25.9M | -$25.9M | $19.6M |
| EBITDA | -$5.4M | -$2.7M | -$4.1M | -$1.8M | $7.8M | $434000 | $7.8M | $56.8M | $21.4M | $76.5M |
| Gastos por Intereses | $293000 | $342000 | $173000 | $948000 | $2.3M | $2.8M | $1.7M | $1.6M | $20.3M | $27.5M |
| Beneficio Antes de Impuestos | -$6.4M | -$4.2M | -$5.8M | -$10.9M | -$8.0M | -$10.9M | -$6.7M | -$46.5M | -$46.5M | -$11.3M |
| Impuestos | $299000 | -$311000 | 0 | $75000 | $1.0M | $1.9M | $296000 | $4.5M | $4.5M | $8.7M |
| Beneficio Neto | -$6.4M | -$3.9M | -$5.8M | -$11.0M | -$9.0M | -$12.8M | -$7.0M | -$51.0M | -$51.0M | -$20.6M |
| BPA | $-0.16 | $-0.09 | $-0.11 | $-0.18 | $-0.10 | $-0.64 | $-0.07 | $-1.09 | $-0.43 | $-0.15 |
| BPA Diluido | $-0.16 | $-0.09 | $-0.11 | $-0.18 | $-0.10 | $-0.64 | $-0.07 | $-1.09 | $-0.43 | $-0.15 |
| Acciones en Circulación (Diluidas) | $39.0M | $44.9M | $51.7M | $61.4M | $89.1M | $34.6M | $106.2M | $35.6M | $119.9M | $133.8M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $111.7M | $113.5M | $114.5M | $110.8M |
| Beneficio Bruto | $62.6M | $62.7M | $64.7M | $61.2M |
| Beneficio Operativo | $4.2M | $6.3M | $11.0M | $270000 |
| EBITDA | $19.8M | $22.3M | $21.5M | $99000 |
| Beneficio Neto | -$4.3M | -$3.4M | -$2.7M | -$8.4M |
| BPA | $-0.03 | $-0.03 | $-0.02 | $-0.06 |
| BPA Diluido | $-0.03 | $-0.03 | $-0.02 | $-0.06 |
Balance (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caja y Equivalentes | $5.0M | $5.1M | $9.5M | $16.4M | $41.0M | $26.5M | $18.0M | $24.4M | $44.4M | $36.5M |
| Inversiones a Corto | $115000 | $1.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $11.4M | $10.0M | $14.3M | $27.0M | $26.6M | $34.0M | $34.8M | $32.6M | $92.7M | $106.6M |
| Inventario | $3.9M | $4.6M | $5.1M | $16.4M | $13.2M | $18.2M | $22.3M | $21.7M | $18.4M | $22.4M |
| Activos Corrientes | $27.9M | $29.2M | $36.2M | $71.2M | $90.5M | $85.8M | $80.5M | $169.8M | $169.1M | $179.2M |
| Inmovilizado Material | $3.1M | $2.7M | $4.4M | $15.3M | $18.3M | $18.8M | $17.1M | $20.1M | $70.3M | $78.3M |
| Fondo de Comercio | $1.8M | $7.3M | $8.9M | $89.1M | $83.3M | $83.5M | $83.5M | $83.5M | $383.1M | $412.0M |
| Activos Intangibles | $706000 | $5.4M | $5.3M | $36.6M | $30.0M | $26.1M | $22.9M | $19.7M | $258.6M | $255.5M |
| Activos Totales | $44.2M | $60.9M | $62.5M | $225.5M | $231.6M | $229.9M | $217.4M | $308.7M | $910.1M | $955.6M |
| Cuentas por Pagar | $6.2M | $6.2M | $8.5M | $15.4M | $10.3M | $17.7M | $14.8M | $20.0M | $41.6M | $46.4M |
| Deuda a Corto | $3.0M | $1.2M | $819000 | $9.3M | $8.0M | $8.8M | $12.8M | $2.0M | $41.6M | $53.7M |
| Pasivos Corrientes | $17.8M | $19.1M | $21.3M | $41.9M | $37.2M | $44.3M | $45.7M | $43.6M | $151.0M | $158.0M |
| Deuda a Largo | 0 | 0 | $1.5M | $32.8M | $28.6M | $18.1M | $11.4M | $113.8M | $232.2M | $229.7M |
| Pasivos Totales | $28.2M | $28.0M | $32.8M | $93.9M | $76.5M | $85.0M | $77.0M | $179.8M | $463.3M | $473.9M |
| Reservas | -$91.5M | -$95.4M | -$103.4M | -$112.1M | -$122.9M | -$134.4M | -$140.8M | -$154.8M | -$205.8M | -$226.3M |
| Patrimonio Neto | $16.0M | $33.0M | $29.7M | $131.6M | $155.0M | $144.8M | $140.9M | $128.8M | $446.6M | $475.5M |
| Deuda Total | $3.0M | 0 | $2.4M | $42.1M | $36.5M | $34.2M | $29.8M | $123.5M | $287.1M | $296.9M |
| Deuda Neta | -$2.1M | -$6.3M | -$7.2M | $25.7M | -$4.4M | $7.8M | $11.8M | $99.1M | $242.7M | $260.4M |
| Capital Circulante | $10.1M | $10.1M | $14.9M | $29.3M | $53.2M | $41.6M | $34.7M | $126.2M | $18.1M | $21.2M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $32.5M | $31.2M | $36.5M | $32.8M |
| Activos Totales | $936.9M | $959.5M | $955.6M | $962.6M |
| Pasivos Totales | $467.9M | $474.3M | $473.9M | $479.9M |
| Patrimonio Neto | $468.8M | $485.0M | $475.5M | $482.6M |
| Deuda Total | $288.2M | $290.0M | $296.9M | $295.6M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|
| Beneficio Neto | -$6.4M | -$3.9M | -$5.8M | -$11.0M | -$9.0M | -$12.8M | -$6.8M | -$5.7M | -$51.0M | -$20.6M |
| Amortizaciones | $685000 | $1.1M | $1.6M | $3.3M | $11.3M | $8.6M | $8.3M | $9.4M | $47.5M | $60.3M |
| Compensación en Acciones | $1.7M | $2.4M | 0 | $3.8M | 0 | $4.7M | $4.3M | $3.9M | $9.4M | $7.5M |
| Cambio en Capital Circulante | $1.2M | $3.8M | -$220000 | -$5.1M | $665000 | -$11.9M | -$9.0M | -$460000 | -$25.0M | -$29.9M |
| Flujo de Caja Operativo | -$2.5M | $3.9M | -$1.7M | -$7.3M | $8.8M | -$5.4M | $1.2M | $4.4M | -$3.3M | $30.5M |
| Inversiones (CapEx) | -$505000 | -$386000 | -$251000 | -$1.0M | -$3.4M | -$3.0M | -$6.2M | -$7.1M | -$33.8M | -$21.6M |
| Adquisiciones | $505000 | -$7.4M | $251000 | -$69.0M | $75000 | 0 | 0 | $8.7M | -$137.1M | 0 |
| Recompra de Acciones | 0 | 0 | -$652000 | -$317000 | -$423000 | -$794000 | -$211000 | -$141000 | -$2.8M | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | -$4.1M | 0 | -$3.4M | -$90.3M | 0 |
| Flujo de Caja Libre | -$3.0M | $3.5M | -$2.0M | -$8.3M | $5.5M | -$8.4M | -$5.0M | -$2.7M | -$37.1M | $8.8M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $5.5M | $10.2M | $10.0M | $8.4M |
| Inversiones (CapEx) | -$12.1M | -$5.3M | -$3.9M | -$4.9M |
| Flujo de Caja Libre | -$6.6M | $4.9M | $6.1M | $3.6M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $2.6M | $1.5M | $1.6M | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | +11.2% | +29.6% | +54.4% | +38.7% | +10.9% | +7.3% | +168.2% | +0.0% | +22.4% |
| Crecimiento Beneficio Neto (anual) | | +39.2% | -50.2% | -88.6% | +17.8% | -41.7% | +45.1% | -628.1% | +0.0% | +59.7% |
| Crecimiento BPA (anual) | | +46.9% | -30.8% | -58.8% | +44.4% | -540.0% | +89.6% | -1534.2% | +60.6% | +65.1% |
| Cambio en Acciones (anual) | | +15.2% | +15.2% | +18.8% | +45.1% | -61.2% | +207.1% | -66.4% | +236.5% | +11.6% |
| Crecimiento FCF (anual) | | +218.2% | -155.3% | -325.6% | +165.9% | -253.7% | +40.8% | +45.9% | -1277.4% | +123.8% |
| Margen Bruto | 49.7% | 51.1% | 48.6% | 46.8% | 52.0% | 47.4% | 47.5% | 53.7% | 53.7% | 55.5% |
| Margen Operativo | -17.3% | -10.0% | -10.8% | -11.9% | -3.2% | -6.5% | -5.1% | -7.1% | -7.1% | 4.4% |
| Margen EBITDA | -14.6% | -6.6% | -7.7% | -2.2% | 6.8% | 0.3% | 5.8% | 15.7% | 5.9% | 17.2% |
| Margen Neto | -17.3% | -9.4% | -11.0% | -13.4% | -7.9% | -10.1% | -5.2% | -14.1% | -14.1% | -4.6% |
| Margen FCF | -8.1% | 8.6% | -3.7% | -10.1% | 4.8% | -6.7% | -3.7% | -0.7% | -10.2% | 2.0% |
| Tasa Impositiva Efectiva | -4.7% | 7.4% | -0.0% | -0.7% | -13.0% | -17.3% | -4.4% | -9.7% | -9.7% | -77.2% |
Datos por Acción (10 años)
| Año | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Acción | $-0.08 | $0.08 | $-0.04 | $-0.14 | $0.06 | $-0.24 | $-0.05 | $-0.08 | $-0.31 | $0.07 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.10 | $0.75 | $0.00 |
| Acciones en Circulación (Básicas) | $39.0M | $44.9M | $51.7M | $61.4M | $89.1M | $34.6M | $106.2M | $35.6M | $119.9M | $133.8M |
Qué mirar en empresas de Technology
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | -3.92% |
| Rentabilidad sobre capital invertido | 2.55% |
| Rentabilidad sobre activos | -1.95% |
| Margen bruto | 55.74% |
| Margen operativo | 4.86% |
| Margen neto | -4.16% |
Salud financiera
| Deuda / Patrimonio | 0.61 |
| Ratio corriente | 1.10 |
| Piotroski F-Score | 7 |
| Altman Z-Score | 0.75 |
Ratios Clave (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | -29.20 | -55.04 | -42.09 | -26.50 | -47.70 | -7.45 | -71.51 | -4.38 | -12.77 | -20.53 |
| P/VC | 11.61 | 6.49 | 8.29 | 2.23 | 2.74 | 1.14 | 3.59 | 1.32 | 1.47 | 0.87 |
| P/V | 5.05 | 5.23 | 4.65 | 3.58 | 3.74 | 1.31 | 3.75 | 0.47 | 1.82 | 0.93 |
| Margen Bruto | 49.7% | 51.1% | 48.6% | 46.8% | 52.0% | 47.4% | 47.5% | 53.7% | 53.7% | 55.5% |
| Margen Operativo | -17.3% | -10.0% | -10.8% | -11.9% | -3.2% | -6.5% | -5.1% | -7.1% | -7.1% | 4.4% |
| Margen Neto | -17.3% | -9.4% | -11.0% | -13.4% | -7.9% | -10.1% | -5.2% | -14.1% | -14.1% | -4.6% |