Fleet management technology firm ERoad plunged into a full-year loss after a write-down of its North American business
ERoad reported a $161.1m net loss for FY2026 (vs $1.4m profit prior year), driven by a $134.7m write-down of its North American operations, with EBITDA down to $53.5m and free cash flow margin halved to 7.4%. The strategic pullback to Australasia—where Australia grew ARR 73%—signals that North American fleet-tech expansion is being unwound; vendors and partners in the US market should expect reduced ERoad footprint and potential contract churn.
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Executive chair John Scott said the result reflected "legacy issues and challenges" in the business.
A previously announced $134.7 million impairment of its North American operations has sent ERoad to a full-year loss of $161m.
Key numbers for the year ended March 2026 compared with a year ago:
Net loss $161.1m vs net profit $1.4m
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