Primech Holdings Ltd. (PMEC) 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 15, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Jul 24, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PMEC SEC filings page.
Primech Holdings Ltd. (PMEC) reported $74.3M in revenue for fiscal year 2025, up 2.5% from the prior fiscal year. This page shows its 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).
Primech's improving gross margin now supports positive cash generation, but the business still operates just below break-even.
After two years of negative operating cash flow, FY2025 produced operating cash flow of$7.4M and free cash flow of$6.3M . That happened while net income was still a loss of$1.9M , showing that cash conversion improved before accounting profitability fully arrived.
Gross margin expanded from
Liabilities fell from
Financial Health Signals
Scored against emerging companies for FY2025. 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 Primech Holdings Ltd.'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.
Primech Holdings Ltd. held $10.1M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations generated $7.4M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Primech Holdings Ltd. scores 86/100 among other emerging companies.
Primech Holdings Ltd. had 38M shares outstanding at the end of fiscal year 2025, against 36M in fiscal year 2024. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Primech Holdings Ltd. scores 51/100 among other emerging companies.
Not available for Primech Holdings Ltd., and counted as zero in the overall score.
Primech Holdings Ltd. reported revenue of $74.3M in fiscal year 2025, against $72.5M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Primech Holdings Ltd. scores 48/100 among other emerging companies.
Primech Holdings Ltd.'s operations generated $7.4M of cash in fiscal year 2025, against $9.1M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Primech Holdings Ltd. scores 98/100 among other emerging companies.
Primech Holdings Ltd.'s cash, cash equivalents and investments came to $10.1M at the end of fiscal year 2025, against $26.5M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Primech Holdings Ltd. scores 37/100 among other emerging companies.
Primech Holdings Ltd. scores 2.04, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
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.
Primech Holdings Ltd. reported a net loss of $1.9M while generating $7.4M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Primech Holdings Ltd. reported an operating loss of $948K against $789K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Primech Holdings Ltd. held $10.1M in cash against $4.3M in long-term debt as of Q4 2025.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
PMEC 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.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
PMEC 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 | Q4'2520-F | Q4'2420-F | Q4'2310-K |
|---|---|---|---|
| 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 |
| Short-Term Investments | $0 | $0 | $0 |
| Inventory | $44K-20.0% | $55K-61.0% | $141K |
| Accounts Receivable | $15.6M-15.3% | $18.5M+20.1% | $15.4M |
| Long-Term Investments | $0 | $0 | $0 |
| 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 |
| Non-Current Liabilities | $5.7M-26.6% | $7.7M-18.6% | $9.5M |
| 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
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.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
PMEC 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.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
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 |
|---|---|---|---|---|---|---|
| Primech Holdings Ltd. PMEC | FY2025 | $74.3M | -$1.9M | -2.6% | $19.6M | 53/100 |
| Team, Inc. TISI | FY2025 | $896.5M | -$49K | 0.0% | $113.0M | 34/100 |
| Where Food Comes From, Inc. WFCF | FY2025 | $24.9M | $1.5M | 6.2% | $70.7M | 58/100 |
| DLH Holdings Corp. DLHC | FY2025 | $344.5M | $1.4M | 0.4% | $58.4M | 37/100 |
| System1, Inc. SST | FY2025 | $266.1M | -$65.3M | -24.6% | $18.1M | 15/100 |
| Network-1 Technologies, Inc. NTIP | FY2025 | $150K | -$2.4M | N/A | $35.7M | — |
Where Primech Holdings Ltd. Ranks
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 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 return on equity (ROE)?
Primech Holdings Ltd. (PMEC) has a return on equity of -13.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
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.
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 P/E ratio?
Primech Holdings Ltd. (PMEC) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $19.6M as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Primech Holdings Ltd.'s price-to-sales ratio?
Primech Holdings Ltd. (PMEC) trades at 0.3x sales, its market capitalization divided by revenue of $74.3M revenue, FY2025. The market capitalization is $19.6M as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Primech Holdings Ltd.'s Altman Z-Score?
Primech Holdings Ltd. (PMEC) has an Altman Z-Score of 2.04, placing it in the Grey Zone (moderate 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 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 to 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) reported a net loss of $1.9M while generating $7.4M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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) reported an operating loss of $948K against $789K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 53 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), 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.