Primech Holdings Ltd. Financials
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).
Gross-margin expansion is pushing cash conversion forward even though overhead still keeps reported earnings below break-even.
Gross margin expanded from17.4% in FY2024 to23.6% in FY2025, lifting gross profit available to absorb overhead. Operating cash flow swung from-$9.1M to$7.4M even as net income remained negative, so cash conversion improved ahead of reported profitability rather than simply tracking the bottom line.
Total liabilities fell from
Accounts receivable 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.
Not available for Primech Holdings Ltd., and counted as zero in the overall score.
Primech Holdings Ltd. scores 2.03, 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
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. 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.
Cash & Balance Sheet
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. held $10.1M in cash against $4.3M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
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.'s ROE was -13.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 8.6 percentage points from the prior year.
Capital Allocation
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.
Not reported for fiscal year 2025.
Not reported for fiscal year 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.
| Metric | Q4'25 | Q4'24 | Q4'23 |
|---|
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, Interest Expense, Income Tax, Net Income, EPS (Diluted).
PMEC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q4'24 | Q4'23 |
|---|---|---|---|
| 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
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q4'24 | Q4'23 |
|---|
Not reported in any period shown, so not listed: Operating Cash Flow, 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.
| Metric | Q4'25 | Q4'24 | Q4'23 |
|---|---|---|---|
| Current Ratio | 1.390.0x | 1.38+0.3x | 1.12 |
| Debt-to-Equity | 0.29-0.1x | 0.38-3.5x | 3.87 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, FCF Margin.
Similar Companies
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 Altman Z-Score?
Primech Holdings Ltd. (PMEC) has an Altman Z-Score of 2.03, 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 54 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.