Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2025	Mar. 31, 2025
Current assets:
Cash and cash equivalents	$ 31,215	$ 44,392
Restricted cash	4,635	4,396
Accounts receivables, net of allowance for credit losses of $4,057 and $9,667 as of March 31, 2025 and December 31, 2025, respectively	92,223	78,623
Inventory, net	22,064	18,350
Prepaid expenses and other current assets	24,941	23,319
Total current assets	175,078	169,080
Fixed assets, net	63,018	58,011
Goodwill	413,344	383,146
Intangible assets, net	264,281	258,582
Right-of-use asset	11,521	12,339
Severance payable fund	4,322	3,796
Deferred tax asset	4,999	3,934
Other assets	22,896	21,183
Total assets	959,459	910,071
Current liabilities:
Short-term bank debt and current maturities of long-term debt	46,288	41,632
Accounts payable	48,432	41,599
Accrued expenses and other current liabilities	44,914	45,327
Deferred revenue - current	16,217	17,375
Lease liability - current	4,172	5,076
Total current liabilities	160,023	151,009
Long-term debt - less current maturities	231,164	232,160
Deferred revenue - less current portion	6,964	5,197
Lease liability - less current portion	8,343	8,191
Accrued severance payable	5,303	6,039
Deferred tax liability	59,455	57,712
Other long-term liabilities	3,028	3,021
Total liabilities	474,280	463,329
Commitments and Contingencies (Note 22)
STOCKHOLDERS’ EQUITY
Preferred stock; authorized 50,000 shares, $0.01 par value	0	0
Common stock; authorized 175,000 shares, $0.01 par value; 135,379 and 136,105 shares issued at March 31, 2025 and December 31, 2025, respectively; shares outstanding, 133,316 and 134,041 at March 31, 2025 and December 31, 2025, respectively	1,343	1,343
Additional paid-in capital	677,377	671,400
Accumulated deficit	(223,669)	(205,783)
Accumulated other comprehensive (loss) income	41,496	(8,850)
Treasury stock; 2,063 and 2,063 common shares at cost at March 31, 2025 and December 31, 2025, respectively	(11,518)	(11,518)
Total Powerfleet, Inc. stockholders’ equity	485,029	446,592
Non-controlling interest	150	150
Total equity	485,179	446,742
Total liabilities and stockholders’ equity	$ 959,459	$ 910,071