AIOT · 10-K filed 15 Jun 2026 · year to 31 Mar 2026

Powerfleet

29 named things its latest annual report says its results depend on, each in the company's own words. 17 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Israeli insurance companies

depends onnamed as a risk

In addition, our security services significantly depend on Israeli insurance companies mandating subscription to a service such as the Company’s.Risk factors (Item 1A)

Walmart

earns from

Some of our global customers that benefit from our combined solutions to power their specific AIoT and machine-to-machine mobility needs include Holcim, Ford, Avis, Walmart, Toyota, and XPO Logistics.Business (Item 1)

Also named by BRK/B, CART, COST, DG, DGX, EEFT, FDX, KDP and 6 more

Suppliers

Contract manufacturers

depends onnamed as a risk

We outsource our hardware manufacturing operations to contract manufacturers.Business (Item 1)

Also named by COHR, CSCO, DELL, GNRC, GOOG, HROW, KEYS, LITE and 6 more

Partners and platforms

Telecommunication channel partners

depends onnamed as a risk

We depend substantially on third-party channel partners—including telecommunications providers, systems integrators, value-added resellers and managed service providers—to market, sell, install and support our solutions in key domestic and international markets.Risk factors (Item 1A)

Amazon Web Services (AWS)

depends on

We provide the use of our systems as a remotely hosted service, with the system server and application software residing in our colocation center or on a cloud platform provider’s infrastructure (e.g., Azure, AWS).Business (Item 1)

Also named by AAON, ABNB, ADSK, BLK, CARR, CG, COF, COMP and 56 more

Microsoft Azure

depends on

Also named by AKAM, BLK, DDOG, DOCN, DOCU, EXTR, FFIV, FTNT and 14 more

Other companies

FirstRand Bank Limited (Rand Merchant Bank)

depends on · $125 millionnamed as a risk

On September 27, 2024, we entered into a facility agreement (the “Facility Agreement”) with RMB, pursuant to which RMB agreed to provide us with a term loan facility in an aggregate principal amount of $125 million (the “New RMB Term Facility”).Risk factors (Item 1A)

Bank Hapoalim

depends on · $30 millionnamed as a risk

The A&R Credit Agreement provides Powerfleet Israel with two senior secured term loan facilities denominated in New Israeli Shekel (“NIS”) in an aggregate principal amount of $30 million (comprised of two facilities in the aggregate principal amounts of $20 million and $10 million, respectively (“Hapoalim Facility A” and “Hapoalim Facility B,” respectively, and collectively, the “Hapoalim Term Facilities”)), and two revolving credit facilities to Pointer in an aggregate principal amount of $20 million (comprised of two revolvers in the aggregate principal amounts of $10 million and $10 million, respectively (“Hapoalim Facility C” and “Hapoalim Facility D”, respectively, and, collectively, the “Hapoalim Revolving Facilities” and, together with the Hapoalim Term Facilities, the “Hapoalim Credit Facilities”)).Risk factors (Item 1A)

MiX Telematics

named as a risk

We have completed the acquisitions of MiX Telematics and Fleet Complete and have made progress in integrating these businesses into our operations.Risk factors (Item 1A)

Fleet Complete

named as a risk

As a result, Fleet Complete became an indirect, wholly owned subsidiary of the Company (the “FC Acquisition”).Business (Item 1)

Competitors

Geotab

competes with

Our competitors include global and regional providers of connected operations, fleet management, video safety and asset tracking, including, among others, Geotab, Samsara, Karooooo, Motive, Verizon Connect, Trimble and ORBCOMM.Business (Item 1)

Also named by IOT

Samsara

competes with

Places

Israel

operates innamed as a risk

A change in the security and political situation in Israel could have a material adverse effect on our business, operating results and financial condition.Risk factors (Item 1A)

Also named by AKAM, AMAT, AMGN, APP, ASTS, AVY, BSX, CVX and 31 more

South Africa

operates innamed as a risk

We have significant operations in South Africa and are therefore subject to political, economic, regulatory and legal risks associated with operating in that jurisdiction.Risk factors (Item 1A)

Also named by MA

Hazards

Middle East conflict

operates innamed as a risk

As of the date of this report, the conflict in the Middle East remains ongoing and has had, and may continue to have, an adverse impact on our supply chain, our ability to manufacture and deliver products in Israel to customers and the stability of our Israeli workforce.Risk factors (Item 1A)

Also named by BBW, DG, RPM, VFC, VRT, ZS

Commodities and inputs

SOFR

exposed to its price · $1,506named as a risk

Our U.S. dollar-denominated borrowings are based on the Standard Overnight Financing Rate (“SOFR”) for which the 90-day average rate was 3.67% as of March 31, 2026, compared to 4.35% as of March 31, 2025, representing a decrease of 0.68% in the rate period over period.Market risk (Item 7A)

Also named by AAP, APG, APH, ARES, AXON, BGC, BR, CCC and 82 more

Israeli shekel

exposed to its price · $484named as a risk

Currency fluctuations, especially with respect to the South African rand, Mexican peso, Brazilian real, Israeli new shekel, and Canadian dollar, may materially impact our income and expenses due to the translation of our foreign subsidiaries’ financial statements into U.S. dollars.Market risk (Item 7A)

Also named by AMAT, INTC, KTOS, VPG, VSH

Semiconductors

depends onnamed as a risk

We source a significant number of components, including semiconductors and telecommunications hardware, from a globally distributed network of suppliers and rely on third‑party subcontractors for product assembly, testing and logistics and may be subject to export controls, import restrictions and other regulatory requirements affecting sourcing, shipment and end use of such components.Risk factors (Item 1A)

Also named by AAPL, ARW, AXON, CARR, CAT, CIEN, CSCO, GD and 16 more

South African rand

exposed to its pricenamed as a risk

Currency fluctuations, especially with respect to the South African rand, Mexican peso, and Brazilian real, may materially impact our income and expenses due to the translation of our foreign subsidiaries’ financial statements into U.S. dollars.Risk factors (Item 1A)

Also named by GRC, LNN

Regulators

Israel Ministry of Communications

subject tonamed as a risk

In Israel, our subsidiary Pointer Telocation Ltd. (“Pointer”) holds an operational license, which is renewed on a regular basis, from the Ministry of Communications to operate our wireless messaging system over 2 MHz in the 966 to 968 MHz radio spectrum band.Business (Item 1)

Federal Communications Commission (FCC)

subject to

Our products intentionally transmit radio signals, including narrow band and spread spectrum signals, as part of their normal operation and, therefore, are subject to the FCC’s equipment authorization rules and require certifications prior to marketing.Business (Item 1)

Also named by AMT, ANET, ASTS, CCI, CMCSA, DIS, ECHO, EXTR and 26 more

Mexico Federal Department of Security

subject to

In Argentina and Mexico, our subsidiaries obtain domestic licenses and registrations for the deployment of our security and telematics services, including registration with the Federal Department of Security in Mexico.Business (Item 1)

Laws and programs

EU Artificial Intelligence Act

subject to · up to 7% of global annual turnovernamed as a risk

The EU AI Act applies to companies that develop, use and/or provide AI in the EU and includes requirements around transparency, conformity assessments and monitoring, risk assessments, human oversight, security, accuracy, general purpose AI and foundation models, and provides for fines of up to 7% of global annual turnover for noncompliance.Risk factors (Item 1A)

Also named by ABNB, ADP, AKAM, ALAB, AMG, APP, AVAV, BKNG and 24 more

General Data Protection Regulation (GDPR)

subject tonamed as a risk

In the EU and the United Kingdom, we are subject to the General Data Protection Regulation and the UK GDPR, including requirements relating to lawfulness, transparency, data minimization, security and cross-border transfers.Business (Item 1)

Also named by A, AB, ABNB, ADBE, ADP, AGX, AJG, AVAV and 100 more

Tariffs

subject tonamed as a risk

Restrictions on international trade (including tariffs and other controls on imports or exports of goods, technology or data) can materially and adversely affect our business and supply chain and may require us to take various actions, including changing suppliers, restructuring business relationships and operations, or increasing prices.Risk factors (Item 1A)

Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AKAM, AM and 170 more

California Consumer Privacy Act

subject tonamed as a risk

In the United States, we are subject to state privacy laws, including the California Consumer Privacy Act, as amended by the California Privacy Rights Act, and similar laws adopted in other states.Business (Item 1)

Also named by AAP, AKAM, ALL, APP, AYI, BAC, BBSI, BBW and 69 more

South African Broad-Based Black Economic Empowerment (B-BBEE)

subject tonamed as a risk

Currently, certain material end-customers require MiX Enterprise to maintain level 1 or 2 B-BBEE contributor status as measured under the new B-BBEE Codes.Risk factors (Item 1A)

EU Radio Equipment Directive

subject to

In the European Union (“EU”), our wireless products are subject to the Radio Equipment Directive (2014/53/EU) and applicable European Norm standards.Business (Item 1)

South Africa Private Security Industry Regulation Act

subject to

In South Africa, certain of our subsidiaries, including Pointer SA Pty Ltd (“Pointer South Africa”) and MiX Telematics Africa Pty Ltd (“MiX Telematics Africa”), are registered as security service providers under the Private Security Industry Regulation Act, 2001.Business (Item 1)