Aeries Technology, Inc. Warrant (AERTW) Financials
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 AERTW SEC filings page.
Aeries Technology, Inc. Warrant (AERTW) 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).
Profitability has been rebuilt through cost compression, not through renewed revenue growth or a major margin expansion.
From FY2025 to FY2026, revenue stayed near$70M while SG&A fell from$45.5M to$12.8M ; that combination turned an operating loss of-$28.8M into operating income of$4.5M . The recovery therefore reflects a cost-structure reset more than increased volume, since gross margin moved only from23.8% to24.7% .
FY2026 shows stronger earnings-to-cash conversion: net income of
The balance sheet remains constrained despite low long-term debt of
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. Warrant'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. Warrant 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. Warrant'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. Warrant'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. Warrant 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. Warrant 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. Warrant 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. Warrant 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. Warrant 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. Warrant'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. Warrant 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. Warrant 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. Warrant 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. Warrant 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. Warrant'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. Warrant'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. Warrant'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. Warrant 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.
AERTW 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.
AERTW 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.
AERTW 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.
AERTW 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.
Where Aeries Technology, Inc. Warrant Ranks
Frequently Asked Questions
What is Aeries Technology, Inc. Warrant's annual revenue?
Aeries Technology, Inc. Warrant (AERTW) 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. Warrant's revenue growing?
Aeries Technology, Inc. Warrant (AERTW) revenue declined by 0.3% year-over-year, from $70.2M to $70.0M in fiscal year 2026.
Is Aeries Technology, Inc. Warrant profitable?
Yes, Aeries Technology, Inc. Warrant (AERTW) reported a net income of $2.8M in fiscal year 2026, with a net profit margin of 4.0%.
What is Aeries Technology, Inc. Warrant's EBITDA?
Aeries Technology, Inc. Warrant (AERTW) had EBITDA of $5.4M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Aeries Technology, Inc. Warrant have?
As of fiscal year 2026, Aeries Technology, Inc. Warrant (AERTW) had $4.9M in cash and equivalents against $798K in long-term debt.
What is Aeries Technology, Inc. Warrant's gross margin?
Aeries Technology, Inc. Warrant (AERTW) 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. Warrant's operating margin?
Aeries Technology, Inc. Warrant (AERTW) 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. Warrant's net profit margin?
Aeries Technology, Inc. Warrant (AERTW) 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. Warrant's free cash flow?
Aeries Technology, Inc. Warrant (AERTW) 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. Warrant's operating cash flow?
Aeries Technology, Inc. Warrant (AERTW) generated $6.8M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Aeries Technology, Inc. Warrant's total assets?
Aeries Technology, Inc. Warrant (AERTW) had $41.9M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Aeries Technology, Inc. Warrant's capital expenditures?
Aeries Technology, Inc. Warrant (AERTW) invested $1.1M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Aeries Technology, Inc. Warrant's current ratio?
Aeries Technology, Inc. Warrant (AERTW) 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. Warrant's return on assets (ROA)?
Aeries Technology, Inc. Warrant (AERTW) had a return on assets of 6.8% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
Why is Aeries Technology, Inc. Warrant's debt-to-equity ratio negative or not reported?
Aeries Technology, Inc. Warrant (AERTW) 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. Warrant's Piotroski F-Score?
Aeries Technology, Inc. Warrant (AERTW) 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. Warrant's earnings high quality?
Aeries Technology, Inc. Warrant (AERTW) 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. Warrant cover its interest payments?
Aeries Technology, Inc. Warrant (AERTW) 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. Warrant?
Aeries Technology, Inc. Warrant (AERTW) 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.