Aeries Technology, Inc. (AERT) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q1 FY2027, filed Aug 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AERT SEC filings page.
Aeries Technology, Inc. (AERT) reported $76.6M in revenue over the twelve months to Jun 30, 2026, up 11.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2026 profitability returned because overhead fell sharply, but sub-1.0x liquidity and negative equity still shape the business.
Revenue was essentially flat across the last two years, while operating margin moved from-41.0% to6.5% ; the rebound therefore reflects cost structure, not volume. That same year produced operating cash flow of$6.8M and free cash flow of$5.7M , reversing both prior-year cash deficits and showing earnings converted into cash.
FY2026 current assets of
Gross margin recovered only modestly from
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Aeries Technology, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Aeries Technology, Inc. has an operating margin of 6.5%, meaning the company retains $6 of operating profit per $100 of revenue. This below-average margin results in a low score of 20/100, suggesting thin profitability after operating expenses. This is up from -41.0% the prior year.
Aeries Technology, Inc.'s revenue declined 0.3% year-over-year, from $70.2M to $70.0M. This contraction results in a growth score of 25/100.
Aeries Technology, Inc.'s current ratio of 0.78 is below the typical benchmark, resulting in a score of 11/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Aeries Technology, Inc. has a free cash flow margin of 8.1%, earning a moderate score of 30/100. The company generates positive cash flow after capital investments, but with room for improvement.
Aeries Technology, Inc. scores 1.36, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Aeries Technology, Inc. passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Aeries Technology, Inc. generates $2.39 in operating cash flow ($6.8M OCF vs $2.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Aeries Technology, Inc. earns $9.76 in operating income for every $1 of interest expense ($4.5M vs $463K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Aeries Technology, Inc. generated $21.9M in revenue in Q1 2027. This represents an increase of 43.0% from the same quarter a year earlier. Against the prior quarter it is up 10.3%.
Aeries Technology, Inc.'s EBITDA was $3.6M in Q1 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 249.7% from the same quarter a year earlier. Against the prior quarter it is up 209.5%.
Aeries Technology, Inc. reported $1.9M in net income in Q1 2027. This represents an increase of 23.1% from the same quarter a year earlier. Against the prior quarter it is up 820.1%.
Aeries Technology, Inc. earned $0.27 per diluted share (EPS) in Q1 2027. This represents an increase of 3.8% from the same quarter a year earlier.
Cash & Balance Sheet
Aeries Technology, Inc. generated $4.5M in free cash flow in Q1 2027, representing cash available after capex. This represents an increase of 309.5% from the same quarter a year earlier. Against the prior quarter it is up 157.9%.
Aeries Technology, Inc. held $6.1M in cash against $795K in long-term debt as of Q1 2027, with $29.4M of liabilities due within a year.
Not reported for Q1 2027.
Margins & Returns
Aeries Technology, Inc.'s gross margin was 29.1% in Q1 2027, indicating the percentage of revenue retained after direct costs. This is up 4.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.1 percentage points.
Aeries Technology, Inc.'s operating margin was 15.3% in Q1 2027, reflecting core business profitability. This is up 10.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 10.6 percentage points.
Aeries Technology, Inc.'s net profit margin was 8.8% in Q1 2027, showing the share of revenue converted to profit. This is down 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 10.2 percentage points.
Not reported for Q1 2027.
Capital Allocation
Aeries Technology, Inc. invested $279K in capex in Q1 2027, funding long-term assets and infrastructure. This represents an increase of 7.7% from the same quarter a year earlier. Against the prior quarter it is up 12.5%.
Not reported for Q1 2027.
Not reported for Q1 2027.
AERT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $21.9M+43.0% | $19.9M+4.3% | $17.5M-0.8% | $17.4M+2.9% | $15.3M-8.0% | $19.1M-3.3% | $17.6M-6.8% | $16.9M-4.0% |
| Cost of Revenue | $15.5M+34.5% | $14.7M+5.4% | $14.1M+4.1% | $12.3M-7.2% | $11.6M-8.7% | $14.0M+4.3% | $13.6M+5.6% | $13.3M+4.3% |
| Gross Profit | $6.4M+68.8% | $5.2M+1.3% | $3.3M-17.3% | $5.0M+40.5% | $3.8M-5.8% | $5.1M-19.5% | $4.0M-33.1% | $3.6M-25.9% |
| SG&A Expenses | $3.0M+2.1% | $4.2M-48.5% | $2.6M-72.1% | $3.0M-60.4% | $3.0M-85.5% | $8.2M+29.3% | $9.2M+73.1% | $7.7M+129.8% |
| Operating Income | $3.4M+309.8% | $941K+130.4% | $772K+115.0% | $2.0M+148.5% | $820K+105.0% | -$3.1M-34322.2% | -$5.2M-803.5% | -$4.1M-375.6% |
| EBITDA | $3.6M+249.7% | $1.2M+141.3% | $982K+120.4% | $2.2M+158.8% | $1.0M+106.4% | -$2.8M-928.0% | -$4.8M-546.9% | -$3.7M-304.6% |
| Interest Expense | $116K-31.8% | $123K-49.4% | $76K-66.4% | $94K-30.4% | $170K+15.6% | $243K+64.2% | $226K+96.5% | $135K+77.6% |
| Income Tax | $878K+165.3% | $500K-74.8% | $366K+125.4% | $794K+251.0% | $331K+130.3% | $2.0M+376.0% | -$1.4M-358.5% | -$526K-177.5% |
| Net Income | $1.9M+23.1% | -$269K+96.3% | $1.2M-56.7% | $369K+116.2% | $1.6M+110.7% | -$7.3M-122.6% | $2.7M+116.0% | -$2.3M-346.0% |
| EPS (Basic) | $0.31+19.2% | -$0.01+92.9% | $0.02-75.0% | $0.01+120.0% | $0.26+166.7% | -$0.14-107.0% | $0.08+107.4% | -$0.05 |
| EPS (Diluted) | $0.27+3.8% | -$0.01 | $0.02 | $0.01+120.0% | $0.26 | -$0.14 | $0.08 | -$0.05 |
| Diluted Shares (Avg) | 7M+11.6% | N/A | 49M | 47M+6.7% | 6M | N/A | 45M | 44M |
Not reported in any period shown, so not listed: R&D Expenses.
AERT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $41.2M+6.1% | $41.9M+5.2% | $42.0M-17.2% | $40.5M-22.1% | $38.8M-25.0% | $39.8M-19.4% | $50.7M+8.5% | $52.0M+3.8% |
| Current Assets | $25.0M+24.5% | $23.9M+12.0% | $21.5M-12.8% | $20.5M-30.3% | $20.1M-40.6% | $21.3M-35.0% | $24.6M-23.1% | $29.4M+59880.9% |
| Cash & Equivalents | $6.1M+184.0% | $4.9M+76.5% | $2.6M+7.7% | $1.9M-48.6% | $2.1M-49.1% | $2.8M+32.6% | $2.4M-63.5% | $3.6M+92.7% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $12.4M+30.2% | $12.7M+15.8% | $10.3M-27.2% | $11.3M-38.9% | $9.5M-57.4% | $11.0M-53.8% | $14.2M-21.8% | $18.5M |
| Long-Term Investments | $2.0M+3.7% | $1.9M+3.6% | $1.9M+10.7% | $1.9M+9.4% | $1.9M+12.6% | $1.8M+13.5% | $1.7M+11.0% | $1.7M |
| Total Liabilities | $43.1M-0.4% | $44.5M-3.2% | $42.8M-14.5% | $43.1M-19.0% | $43.3M-14.9% | $45.9M-25.5% | $50.0M-44.3% | $53.3M-11.6% |
| Current Liabilities | $29.4M-4.1% | $30.7M-5.3% | $28.6M-18.4% | $29.0M-26.1% | $30.7M-20.9% | $32.4M-15.0% | $35.0M-48.6% | $39.2M+317.9% |
| Non-Current Liabilities | $13.6M+8.6% | $13.8M+2.0% | $14.2M-5.4% | $14.2M+0.8% | $12.5M+4.4% | $13.5M-42.5% | $15.0M-30.7% | $14.1M-72.4% |
| Long-Term Debt | $795K-27.1% | $798K-27.2% | $843K-42.8% | $936K-38.2% | $1.1M-34.9% | $1.1M-23.9% | $1.5M+29.3% | $1.5M |
| Total Equity | -$2.8M+34.8% | -$3.0M+47.7% | -$1.2M-272.3% | -$2.9M-25.4% | -$4.3M-1758.0% | -$5.8M+52.6% | $692K+101.6% | -$2.3M+77.4% |
| Retained Earnings | -$27.1M+9.3% | -$28.9M+8.0% | -$28.5M-11.4% | -$29.6M-3.3% | -$29.9M-12.8% | -$31.4M-168.9% | -$25.6M+39.7% | -$28.7M-180.1% |
Not reported in any period shown, so not listed: Inventory, Goodwill.
AERT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.8M+252.4% | $2.0M+132.6% | $2.4M+214.0% | $1.0M-46.8% | $1.4M+179.6% | $864K+120.0% | -$2.1M-52.6% | $1.9M+5858.0% |
| Depreciation & Amortization | $224K+9.3% | $217K-25.4% | $210K-39.7% | $205K-44.7% | $205K-45.2% | $291K-16.4% | $348K+1.5% | $371K+11.1% |
| Stock-Based Compensation | $710K | N/A | $0 | $293K | $0-100.0% | N/A | $0 | N/A |
| Capital Expenditures | $279K+7.7% | $248K+121.4% | $234K-40.0% | $372K-39.2% | $259K-30.0% | $112K-75.5% | $390K+18.9% | $612K+28.6% |
| Free Cash Flow | $4.5M+309.5% | $1.8M+134.3% | $2.1M+186.5% | $653K-50.3% | $1.1M+153.1% | $752K+115.7% | -$2.5M-46.0% | $1.3M+357.7% |
| Investing Cash Flow | -$278K+68.0% | -$240K-157.7% | -$244K+14.7% | -$66K+82.6% | -$868K-42.8% | $416K+162.1% | -$286K-9.6% | -$380K |
| Financing Cash Flow | -$3.4M-192.4% | $686K+175.3% | -$1.4M-225.7% | -$1.2M+44.8% | -$1.1M-126.2% | -$911K-256.5% | $1.1M-82.6% | -$2.1M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
AERT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.1%+4.5pp | 26.0%-0.8pp | 19.1%-3.8pp | 28.9%+7.7pp | 24.6%+0.6pp | 26.7%-5.4pp | 23.0%-9.0pp | 21.2%-6.2pp |
| Operating Margin | 15.3%+10.0pp | 4.7%+21.0pp | 4.4%+33.7pp | 11.4%+35.7pp | 5.3%+103.9pp | -16.3%-16.2pp | -29.3%-33.2pp | -24.3%-32.7pp |
| Net Margin | 8.8%-1.4pp | -1.4%+37.1pp | 6.6%-8.5pp | 2.1%+15.6pp | 10.3%+98.2pp | -38.5% | 15.2%+103.3pp | -13.5%-18.8pp |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | 385.8% | N/A |
| Return on Assets | 4.7%+0.6pp | -0.6%+17.8pp | 2.8%-2.5pp | 0.9%+5.3pp | 4.0%+32.4pp | -18.4%-84.2pp | 5.3%+40.9pp | -4.4%-6.2pp |
| Current Ratio | 0.85+0.2x | 0.78+0.1x | 0.750.0x | 0.710.0x | 0.65-0.2x | 0.66-0.2x | 0.70+0.2x | 0.75+0.7x |
| Debt-to-Equity | N/A | N/A | N/A | N/A | N/A | N/A | 2.13 | N/A |
| Asset Turnover | 0.53+0.1x | 0.470.0x | 0.42+0.1x | 0.43+0.1x | 0.39+0.1x | 0.48+0.1x | 0.35-0.1x | 0.320.0x |
| FCF Margin | 20.7%+13.5pp | 8.9%+4.9pp | 12.2%+26.2pp | 3.8%-4.0pp | 7.2%+19.8pp | 4.0%+28.2pp | -14.0%-5.1pp | 7.8%+10.7pp |
Note: Shareholder equity is negative (-$3.0M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.78), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Aeries Technology, Inc. AERT | FY2026 | $70.0M | $2.8M | 4.0% | $36.4M | 31/100 |
| VCI Global Limited VCIG | FY2024 | $27.8M | $7.6M | 27.2% | $1.2M | 64/100 |
| Intelligent Group Limited INTJ | FY2025 | $2.4M | -$2.3M | -98.4% | $4.4M | 42/100 |
| Greenpro Capital Corp. GRNQ | FY2025 | $2.1M | -$3.0M | N/A | $15.8M | 28/100 |
| Roma Green Finance Limited ROMA | FY2026 | $1.2M | -$3.5M | N/A | $524.2M | 32/100 |
| Forrester Research Inc FORR | FY2025 | $396.9M | -$119.4M | -30.1% | $213.8M | 29/100 |
Where Aeries Technology, Inc. Ranks
Frequently Asked Questions
What is Aeries Technology, Inc.'s annual revenue?
Aeries Technology, Inc. (AERT) reported $70.0M in total revenue for fiscal year 2026. This represents a -0.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Aeries Technology, Inc.'s revenue growing?
Aeries Technology, Inc. (AERT) revenue declined by 0.3% year-over-year, from $70.2M to $70.0M in fiscal year 2026.
Is Aeries Technology, Inc. profitable?
Yes, Aeries Technology, Inc. (AERT) reported a net income of $2.8M in fiscal year 2026, with a net profit margin of 4.0%.
What is Aeries Technology, Inc.'s EBITDA?
Aeries Technology, Inc. (AERT) had EBITDA of $5.4M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Aeries Technology, Inc. have?
As of fiscal year 2026, Aeries Technology, Inc. (AERT) had $4.9M in cash and equivalents against $798K in long-term debt.
What is Aeries Technology, Inc.'s gross margin?
Aeries Technology, Inc. (AERT) had a gross margin of 24.7% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Aeries Technology, Inc.'s operating margin?
Aeries Technology, Inc. (AERT) had an operating margin of 6.5% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Aeries Technology, Inc.'s net profit margin?
Aeries Technology, Inc. (AERT) had a net profit margin of 4.0% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Aeries Technology, Inc.'s free cash flow?
Aeries Technology, Inc. (AERT) generated $5.7M in free cash flow during fiscal year 2026. This represents a 327.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Aeries Technology, Inc.'s operating cash flow?
Aeries Technology, Inc. (AERT) generated $6.8M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Aeries Technology, Inc.'s total assets?
Aeries Technology, Inc. (AERT) had $41.9M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Aeries Technology, Inc.'s capital expenditures?
Aeries Technology, Inc. (AERT) invested $1.1M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Aeries Technology, Inc.'s current ratio?
Aeries Technology, Inc. (AERT) had a current ratio of 0.78 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.
What is Aeries Technology, Inc.'s return on assets (ROA)?
Aeries Technology, Inc. (AERT) had a return on assets of 6.8% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Aeries Technology, Inc.'s P/E ratio?
Aeries Technology, Inc. (AERT) trades at 11.4x earnings, its market capitalization divided by net income of $3.2M net income, trailing 12 months to June 30, 2026. The market capitalization is $36.4M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Aeries Technology, Inc.'s price-to-sales ratio?
Aeries Technology, Inc. (AERT) trades at 0.5x sales, its market capitalization divided by revenue of $76.6M revenue, trailing 12 months to June 30, 2026. The market capitalization is $36.4M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Why is Aeries Technology, Inc.'s debt-to-equity ratio negative or not reported?
Aeries Technology, Inc. (AERT) has negative shareholder equity of -$3.0M as of fiscal year 2026, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Aeries Technology, Inc.'s Altman Z-Score?
Aeries Technology, Inc. (AERT) has an Altman Z-Score of 1.36, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Aeries Technology, Inc.'s Piotroski F-Score?
Aeries Technology, Inc. (AERT) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Aeries Technology, Inc.'s earnings high quality?
Aeries Technology, Inc. (AERT) has an earnings quality ratio of 2.39x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Aeries Technology, Inc. cover its interest payments?
Aeries Technology, Inc. (AERT) has an interest coverage ratio of 9.76x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Aeries Technology, Inc.?
Aeries Technology, Inc. (AERT) scores 31 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.