Here are the 10-Q quarterly reports from Aeries Technology, Inc. Warrant (AERTW) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AERTW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AERTW filings page.
Aeries Technology, Inc. reported stronger quarterly results for the three months ended June 30, 2026. Revenue was $21.9 million, up from $15.3 million a year earlier, with net income of $2.2 million versus $1.7 million. Operating cash flow improved to $4.8 million, lifting cash and cash equivalents to $6.1 million as of June 30, 2026. Gross profit rose to $6.4 million and income from operations to $3.4 million.
The balance sheet remains highly leveraged: total liabilities of $43.1 million exceed assets, leaving total shareholders’ deficit at $(2.6) million. The company continues to carry a $4.1 million forward purchase agreement put option liability and derivative warrant liabilities. Management discloses substantial doubt about the ability to continue as a going concern, citing obligations under FPAs, credit risk and reliance on additional financing and waivers.
During the quarter Aeries effected a 1‑for‑8 share consolidation, reducing outstanding Class A ordinary shares from about 45.9 million to 5.7 million and helping regain compliance with Nasdaq’s minimum bid price rule; the company is now under a one‑year mandatory panel monitor. A significant customer issued a non‑renewal notice effective June 30, 2026, expected to reduce annual revenue by about $5.7 million, partially offset by a $2.7 million success fee. Management is pursuing cost cuts, liquidity actions and potential new financing to support operations.
Aeries Technology, Inc. filed its quarterly report for the period ended December 31, 2025. Revenue was broadly flat, at $17.46M for the quarter and $50.15M for the nine months, compared with $17.61M and $51.15M a year earlier.
The company swung to nine‑month net income of $3.56M versus a prior‑year loss of $15.58M, helped by lower operating expenses and favorable fair‑value movements on financial instruments. Operating cash flow improved to $4.76M from a $1.87M outflow, though cash on hand remained modest at $2.57M.
Despite improved profitability, Aeries reported a shareholders’ deficit of $1.19M and disclosed conditions that raise substantial doubt about its ability to continue as a going concern, mainly tied to potential cash settlement of forward purchase agreement liabilities. Management is pursuing financing, liability restructuring, cost reductions and has put in place an at‑the‑market share sales program, but notes there is no guarantee these measures will succeed.