Primech Holdings Ltd. Financials
This page shows Primech Holdings Ltd. (PMEC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Primech Holdings Ltd. has an operating margin of -1.3%, meaning the company retains $-1 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -3.8% the prior year.
Primech Holdings Ltd.'s revenue grew a modest 2.5% year-over-year to $74.3M. This slow but positive growth earns a score of 36/100.
Primech Holdings Ltd. carries a low D/E ratio of 0.29, meaning only $0.29 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Primech Holdings Ltd.'s current ratio of 1.39 indicates adequate short-term liquidity, earning a score of 36/100. The company can meet its near-term obligations, though with limited headroom.
Primech Holdings Ltd. has a free cash flow margin of 8.5%, earning a moderate score of 42/100. The company generates positive cash flow after capital investments, but with room for improvement.
Primech Holdings Ltd. passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Primech Holdings Ltd. generates $-3.80 in operating cash flow ($7.4M OCF vs -$1.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Primech Holdings Ltd. earns $-1.2 in operating income for every $1 of interest expense (-$948K vs $789K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Primech Holdings Ltd. generated $74.3M in revenue in fiscal year 2025. This represents an increase of 2.5% from the prior year.
Primech Holdings Ltd.'s EBITDA was $3.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 178.3% from the prior year.
Primech Holdings Ltd. generated $6.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 162.9% from the prior year.
Primech Holdings Ltd. reported -$1.9M in net income in fiscal year 2025. This represents an increase of 40.0% from the prior year.
Primech Holdings Ltd. earned $-0.05 per diluted share (EPS) in fiscal year 2025. This represents an increase of 50.0% from the prior year.
Primech Holdings Ltd. held $10.1M in cash against $4.3M in long-term debt as of fiscal year 2025.
Primech Holdings Ltd. had 38M shares outstanding in fiscal year 2025. This represents an increase of 8.1% from the prior year.
Primech Holdings Ltd.'s gross margin was 23.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 6.2 percentage points from the prior year.
Primech Holdings Ltd.'s operating margin was -1.3% in fiscal year 2025, reflecting core business profitability. This is up 2.6 percentage points from the prior year.
Primech Holdings Ltd.'s net profit margin was -2.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.9 percentage points from the prior year.
Primech Holdings Ltd. invested $1.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 20.8% from the prior year.
PMEC Income Statement
| Metric | Q1'25 | Q1'24 | Q1'23 |
|---|---|---|---|
| Revenue | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A |
PMEC Balance Sheet
| Metric | Q1'25 | Q1'24 | Q1'23 |
|---|---|---|---|
| Total Assets | $41.2M-9.5% | $45.5M+6.3% | $42.8M |
| Current Assets | $29.0M-7.4% | $31.3M+14.2% | $27.4M |
| Cash & Equivalents | $10.1M+32.6% | $7.6M-15.7% | $9.1M |
| Inventory | $44K-20.0% | $55K-61.0% | $141K |
| Accounts Receivable | $15.6M-15.3% | $18.5M+20.1% | $15.4M |
| Goodwill | $391K-41.4% | $667K-3.8% | $693K |
| Total Liabilities | $26.5M-12.9% | $30.4M-10.4% | $34.0M |
| Current Liabilities | $20.9M-8.2% | $22.7M-7.3% | $24.5M |
| Long-Term Debt | $4.3M-24.1% | $5.7M | N/A |
| Total Equity | $14.9M-0.7% | $15.0M+70.7% | $8.8M |
| Retained Earnings | -$11.0M-21.5% | -$9.0M-55.7% | -$5.8M |
PMEC Cash Flow Statement
| Metric | Q1'25 | Q1'24 | Q1'23 |
|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A |
PMEC Financial Ratios
| Metric | Q1'25 | Q1'24 | Q1'23 |
|---|---|---|---|
| Gross Margin | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A |
| Current Ratio | 1.39+0.0 | 1.38+0.3 | 1.12 |
| Debt-to-Equity | 0.29-0.1 | 0.38-3.5 | 3.87 |
| FCF Margin | N/A | N/A | N/A |
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Frequently Asked Questions
What is Primech Holdings Ltd.'s annual revenue?
Primech Holdings Ltd. (PMEC) reported $74.3M in total revenue for fiscal year 2025. This represents a 2.5% 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 Primech Holdings Ltd.'s revenue growing?
Primech Holdings Ltd. (PMEC) revenue grew by 2.5% year-over-year, from $72.5M to $74.3M in fiscal year 2025.
Is Primech Holdings Ltd. profitable?
No, Primech Holdings Ltd. (PMEC) reported a net income of -$1.9M in fiscal year 2025, with a net profit margin of -2.6%.
What is Primech Holdings Ltd.'s earnings per share (EPS)?
Primech Holdings Ltd. (PMEC) reported diluted earnings per share of $-0.05 for fiscal year 2025. This represents a 50.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Primech Holdings Ltd.'s EBITDA?
Primech Holdings Ltd. (PMEC) had EBITDA of $3.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Primech Holdings Ltd. have?
As of fiscal year 2025, Primech Holdings Ltd. (PMEC) had $10.1M in cash and equivalents against $4.3M in long-term debt.
What is Primech Holdings Ltd.'s gross margin?
Primech Holdings Ltd. (PMEC) had a gross margin of 23.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Primech Holdings Ltd.'s operating margin?
Primech Holdings Ltd. (PMEC) had an operating margin of -1.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Primech Holdings Ltd.'s net profit margin?
Primech Holdings Ltd. (PMEC) had a net profit margin of -2.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Primech Holdings Ltd.'s free cash flow?
Primech Holdings Ltd. (PMEC) generated $6.3M in free cash flow during fiscal year 2025. This represents a 162.9% 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 Primech Holdings Ltd.'s operating cash flow?
Primech Holdings Ltd. (PMEC) generated $7.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Primech Holdings Ltd.'s total assets?
Primech Holdings Ltd. (PMEC) had $41.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Primech Holdings Ltd.'s capital expenditures?
Primech Holdings Ltd. (PMEC) invested $1.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How many shares does Primech Holdings Ltd. have outstanding?
Primech Holdings Ltd. (PMEC) had 38M shares outstanding as of fiscal year 2025.
What is Primech Holdings Ltd.'s current ratio?
Primech Holdings Ltd. (PMEC) had a current ratio of 1.39 as of fiscal year 2025, which is considered adequate.
What is Primech Holdings Ltd.'s debt-to-equity ratio?
Primech Holdings Ltd. (PMEC) had a debt-to-equity ratio of 0.29 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Primech Holdings Ltd.'s return on assets (ROA)?
Primech Holdings Ltd. (PMEC) had a return on assets of -4.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Primech Holdings Ltd.'s Piotroski F-Score?
Primech Holdings Ltd. (PMEC) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Primech Holdings Ltd.'s earnings high quality?
Primech Holdings Ltd. (PMEC) has an earnings quality ratio of -3.80x, considered mixed 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 Primech Holdings Ltd. cover its interest payments?
Primech Holdings Ltd. (PMEC) has an interest coverage ratio of -1.2x, meaning it can struggle to 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 Primech Holdings Ltd.?
Primech Holdings Ltd. (PMEC) scores 43 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.