NASDAQ : AERT

Aeries Technology, Inc — Financial statements

Industrials · Consulting Services · Singapore

Last price 5.86 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 30.75M

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Financial statements

Aeries Technology, Inc (AERT) reported revenue of 76.60M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.

Income statement

Fiscal year April - March; amounts in USD.

TTMFY2026FY2025FY2024FY2023FY2022
Revenue76.60M70.01M70.20M72.51M53.10M41.01M
Cost of Revenue56.70M52.72M53.48M50.87M39.44M29.01M
Gross Profit19.90M17.30M16.72M21.64M13.66M12.01M
Selling, General & Admin12.84M12.78M43.80M18.65M10.38M5.42M
Operating Expenses12.84M12.78M43.80M18.65M10.38M5.42M
Operating Income7.06M4.52M-27.08M2.99M3.28M6.58M
Interest Expense-409.00K-463.00K-751.00K-462.00K-185.00K-444.00K
Interest & Investment Income324.00K318.00K326.00K275.00K191.00K284.00K
Currency Exchange Gain (Loss)273.00K273.00K-117.00K21.00K391.00K66.00K
Other Non Operating Income (Expenses)-696.00K819.00K6.64M16.31M38.00K-487.00K
EBT Excluding Unusual Items6.55M5.46M-20.97M19.13M3.71M6.00M
Merger & Restructuring Charges-946.00K
Asset Writedown-1.69M
Pretax Income6.55M5.46M-22.67M19.13M2.77M6.00M
Income Tax Expense2.54M1.99M-1.07M1.87M1.06M1.27M
Earnings From Continuing Operations4.01M3.47M-21.59M17.26M1.71M4.74M
Minority Interest in Earnings-1.19M-920.00K1.88M-1.60M-260.00K-703.00K
Net Income2.82M2.55M-19.71M15.66M1.45M4.03M
Preferred Dividends & Other Adjustments1.50M515.00K
Net Income to Common2.82M2.55M-19.71M14.15M1.45M3.52M
Shares Outstanding (Basic)6.01M6.04M5.39M1.94M
Shares Outstanding (Diluted)6.21M6.04M5.39M1.94M
EPS (Basic)0.470.42-3.667.29
EPS (Diluted)0.450.42-3.667.29
Free Cash Flow9.09M5.66M-2.49M-5.82M511.00K1.51M
Free Cash Flow Per Share1.460.94-0.46-3.00
Gross Margin25.98%24.71%23.82%29.85%25.72%29.28%
Operating Margin9.21%6.45%-38.57%4.12%6.17%16.05%
Profit Margin3.69%3.65%-28.08%19.52%2.72%8.58%
Free Cash Flow Margin11.87%8.08%-3.55%-8.03%0.96%3.68%
EBITDA7.91M5.36M-25.69M4.34M4.45M7.72M
EBITDA Margin10.33%7.65%-36.60%5.98%8.38%18.83%
D&A For EBITDA856.00K837.00K1.38M1.35M1.17M1.14M
EBIT7.06M4.52M-27.08M2.99M3.28M6.58M
EBIT Margin9.21%6.45%-38.57%4.12%6.17%16.05%
Effective Tax Rate38.75%36.43%9.78%38.32%21.12%

Balance sheet

Fiscal year April - March; amounts in USD.

TTMFY2026FY2025FY2024FY2023FY2022
Cash & Equivalents6.07M4.88M2.76M2.08M1.13M351.00K
Cash & Short-Term Investments6.07M4.88M2.76M2.08M1.13M351.00K
Receivables13.75M12.72M10.98M23.76M13.42M8.13M
Prepaid Expenses5.07M866.00K1.20M878.00K405.00K359.00K
Other Current Assets125.00K5.43M6.38M6.12M5.63M3.09M
Total Current Assets25.01M23.89M21.33M32.84M20.59M11.93M
Property, Plant & Equipment8.49M10.36M11.17M10.90M8.75M2.80M
Long-Term Investments1.96M1.90M1.83M1.61M1.56M1.56M
Long-Term Deferred Tax Assets4.12M3.69M4.06M1.93M1.24M1.07M
Other Long-Term Assets1.37M1.82M1.21M1.47M1.82M987.00K
Total Assets41.19M41.89M39.83M49.41M34.40M18.86M
Accounts Payable8.87M9.27M8.15M6.62M2.47M841.00K
Accrued Expenses2.38M5.21M7.49M8.01M4.14M2.69M
Short-Term Debt3.19M4.34M6.48M6.76M1.36M220.00K
Current Portion of Long-Term Debt90.00K92.00K24.00K13.00K12.00K
Current Portion of Leases1.30M2.78M2.70M2.37M1.96M388.00K
Current Income Taxes Payable2.70M1.43M3.58M2.26M1.35M
Current Unearned Revenue3.30M466.00K274.00K261.00K193.00K228.00K
Other Current Liabilities10.31M5.83M5.86M10.50M124.00K893.00K
Total Current Liabilities29.44M30.69M32.42M38.12M12.52M6.61M
Long-Term Debt795.00K798.00K1.10M1.44M969.00K917.00K
Long-Term Leases5.80M6.36M7.48M5.62M4.50M467.00K
Long-Term Deferred Tax Liabilities213.00K197.00K139.00K92.00K168.00K126.00K
Other Long-Term Liabilities6.82M6.44M4.80M5.32M2.77M2.04M
Total Liabilities43.06M44.48M45.94M50.59M20.93M10.17M
Common Stock5.00K5.00K14.42M2.00K
Additional Paid-In Capital3.33M
Retained Earnings-27.09M-28.87M-31.38M-11.67M6.32M4.87M
Treasury Stock-2.25M-1.30M-724.00K
Comprehensive Income & Other26.54M27.14M11.88M-574.00K5.87M-644.00K
Total Common Equity-2.80M-3.03M-5.80M-12.24M12.19M7.56M
Minority Interest927.00K449.00K-300.00K11.06M1.28M1.14M
Shareholders' Equity-1.87M-2.58M-6.10M-1.18M13.47M8.70M
Total Liabilities & Equity41.19M41.89M39.83M49.41M34.40M18.86M
Total Debt11.17M14.38M17.78M16.21M8.80M1.99M
Net Cash (Debt)-5.10M-9.50M-15.02M-14.12M-7.67M-1.64M
Net Cash Per Share-0.82-1.57-2.79-7.27
Filing Date Shares Outstanding5.25M5.74M5.89M5.56M
Total Common Shares Outstanding5.64M6.06M5.89M1.95M
Working Capital-4.43M-6.80M-11.09M-5.29M8.06M5.32M
Book Value Per Share-0.50-0.50-0.98-6.27
Tangible Book Value-2.80M-3.03M-5.80M-12.24M12.19M7.56M
Tangible Book Value Per Share-0.50-0.50-0.98-6.27
Machinery866.00K921.00K885.00K830.00K593.00K
Construction In Progress769.00K875.00K234.00K
Leasehold Improvements891.00K944.00K1.09M854.00K958.00K

Cash flow statement

Fiscal year April - March; amounts in USD.

TTMFY2026FY2025FY2024FY2023FY2022
Net Income2.82M2.55M-19.71M15.66M1.45M4.03M
Depreciation & Amortization856.00K837.00K1.38M1.35M1.17M1.14M
Loss (Gain) From Sale of Assets12.00K-18.00K90.00K12.00K54.00K505.00K
Asset Writedown & Restructuring Costs1.69M
Loss (Gain) From Sale of Investments1.00K1.00K6.00K
Stock-Based Compensation1.00M293.00K12.75M1.63M3.81M
Provision & Write-off of Bad Debts-1.96M-1.95M2.09M1.10M
Other Operating Activities3.49M2.17M-973.00K-15.52M-68.00K350.00K
Change in Accounts Receivable-4.66M-3.28M261.00K-11.74M-6.12M-4.42M
Change in Accounts Payable2.87M2.72M3.70M-568.00K1.02M653.00K
Change in Other Net Operating Assets5.79M3.45M-2.29M3.79M799.00K907.00K
Operating Cash Flow10.23M6.77M-1.01M-4.30M2.11M3.16M
Capital Expenditures-1.13M-1.11M-1.48M-1.52M-1.60M-1.65M
Sale of Property, Plant & Equipment88.00K87.00K217.00K11.00K12.00K1.05M
Other Investing Activities217.00K-392.00K409.00K-231.00K31.00K171.00K
Investing Cash Flow-828.00K-1.42M-858.00K-1.74M-1.56M-437.00K
Short-Term Debt Issued2.54M1.18M
Long-Term Debt Issued1.51M882.00K368.00K699.00K
Total Debt Issued1.51M3.43M1.55M699.00K
Short-Term Debt Repaid-1.83M-405.00K-505.00K
Long-Term Debt Repaid-571.00K-2.60M-2.73M-619.00K-3.76M
Total Debt Repaid-2.46M-2.40M-3.01M-2.73M-619.00K-4.27M
Net Debt Issued (Repaid)-2.46M-2.40M-1.50M697.00K933.00K-3.57M
Issuance of Common Stock4.68M8.67M88.00K32.00K
Repurchase of Common Stock-2.74M-580.00K-724.00K
Other Financing Activities-33.00K-33.00K-20.00K-2.31M-769.00K
Financing Cash Flow-5.23M-3.02M2.43M7.06M252.00K-3.54M
Foreign Exchange Rate Adjustments-241.00K-223.00K115.00K-64.00K-26.00K-17.00K
Net Cash Flow3.93M2.11M680.00K953.00K780.00K-827.00K
Free Cash Flow9.09M5.66M-2.49M-5.82M511.00K1.51M
Free Cash Flow Margin11.87%8.08%-3.55%-8.03%0.96%3.68%
Free Cash Flow Per Share1.460.94-0.46-3.00
Levered Free Cash Flow6.49M2.35M1.69M11.52M618.50K1.20M
Unlevered Free Cash Flow6.75M2.64M2.16M11.81M734.12K1.48M
Cash Interest Paid307.00K346.00K910.00K465.00K273.00K472.00K
Cash Income Tax Paid2.45M1.28M2.50M1.01M1.23M1.42M
Change in Working Capital4.00M2.89M1.67M-8.52M-4.30M-2.86M

Ratios

Fiscal year April - March; amounts in USD.

TTMFY2026FY2025FY2024FY2023FY2022
Market Capitalization30.75M15.31M25.84M40.14M297.56M275.80M
Enterprise Value35.85M27.49M41.84M57.41M
Last Close Price5.862.504.6420.5682.8078.80
PE Ratio13.016.002.84205.7878.42
PS Ratio0.400.220.370.555.606.72
PB Ratio-5.92-4.23-34.0222.0931.72
P/TBV Ratio24.4136.50
P/FCF Ratio3.382.71582.31182.65
P/OCF Ratio3.012.26140.9687.17
EV/Sales Ratio0.470.390.600.79
EV/EBITDA Ratio4.535.1313.23
EV/EBIT Ratio5.086.0819.22
EV/FCF Ratio3.944.86
Debt / Equity Ratio-5.97-5.56-2.91-13.730.650.23
Debt / EBITDA Ratio0.911.512.271.310.26
Debt / FCF Ratio1.232.5417.211.32
Net Debt / Equity Ratio-2.73-3.67-2.46-11.970.570.19
Net Debt / EBITDA Ratio0.651.77-0.583.251.720.21
Net Debt / FCF Ratio0.561.68-6.02-2.4315.001.09
Asset Turnover1.921.711.571.731.992.31
Quick Ratio0.670.570.420.681.161.28
Current Ratio0.850.780.660.861.641.80
Return on Equity (ROE)280.84%15.39%72.57%
Return on Assets (ROA)11.03%6.91%-37.93%4.46%7.69%23.17%
Return on Invested Capital (ROIC)37.67%30.85%-289.67%16.63%12.84%57.25%
Return on Capital Employed (ROCE)60.10%40.30%-365.30%26.50%15.00%53.80%
Earnings Yield7.68%16.68%-76.28%39.01%0.49%1.46%
FCF Yield29.57%36.95%-9.65%-14.50%0.17%0.55%
Buyback Yield / Dilution-9.45%-12.18%-177.36%