Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Aeries Technology, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2022
FY2024
FY2024
FY2025
FY2026
Revenue
53.1
72.5
70.2
70
Cost of revenue
39.4
50.9
53.5
52.7
Gross profit
13.7
21.6
16.7
17.3
Selling, general and administrative
11.3
18.7
45.5
12.8
Operating expenses
11.3
18.7
45.5
12.8
Operating income
-4.46
2.33
2.99
-28.8
4.52
Interest expense
0.19
0.46
0.75
0.46
Other non-operating income
0.44
16.1
6.1
0.95
Pre-tax income
2.77
19.1
-22.7
5.47
Income tax
1.06
1.87
-1.07
1.99
Income from continuing operations
1.06
1.87
-1.07
1.99
Net income
9.76
1.71
15.7
-19.7
2.83
EBITDA
3.5
4.34
-27.4
5.36
EPS, basic
0.91
-0.46
0.05
EPS, diluted
0.91
-0.46
0.05
Shares, basic (weighted)
15.5
43.1
48.3
Shares, diluted (weighted)
15.5
43.1
48.3
Balance sheet
FY2022
FY2024
FY2024
FY2025
FY2026
Cash and equivalents
1.64
1.13
2.08
2.76
4.88
Other current assets
0.01
0.01
7
7.58
6.17
Total current assets
0.36
20.6
32.8
21.3
23.9
Property, plant and equipment
3.13
3.58
1.57
1.75
Lease right-of-use assets
5.63
7.32
9.6
8.61
Long-term investments
1.56
1.61
1.83
1.9
Other non-current assets
0
2.26
2.13
1.44
2.06
Total assets
235
34.4
49.4
39.8
41.9
Accounts payable
0.68
2.47
6.62
8.15
9.27
Accrued liabilities
0.04
1.32
4.89
5.06
1.64
Deferred revenue
0.19
0.26
0.27
0.47
Short-term debt
0.97
1.44
1.1
0.8
Total current liabilities
4.01
12.5
38.1
32.4
30.7
Long-term debt
0.97
1.44
1.1
0.8
Lease liabilities
4.26
5.62
7.48
6.36
Other non-current liabilities
3.01
3.95
4.17
6.02
Total liabilities
4.97
20.9
50.6
45.9
44.5
Total debt
0.97
1.45
1.12
0.89
Paid-in capital
0
7.22
27.2
29.1
Retained earnings
-4.51
6.32
-11.7
-31.4
-28.9
Treasury stock
-0.72
-1.3
Other comprehensive income
-1.35
-0.57
-0.91
-1.98
Shareholders' equity
-4.51
12.2
-12.2
-5.8
-3.03
Minority interests
1.28
10.3
-0.26
0
Total equity
11.3
13.5
-1.91
-6.06
-3.03
Total liabilities and equity
235
34.4
49.4
39.8
41.9
Shares outstanding
0
15.6
47.2
48.5
Cash flow statement
FY2022
FY2024
FY2024
FY2025
FY2026
Net income
9.76
1.71
17.3
-21.6
3.47
Depreciation and amortization
1.17
1.35
1.38
0.84
Stock-based compensation
3.81
1.63
12.7
0.29
Deferred income tax
-0.16
-0.72
-2.11
0.17
Change in receivables
-6.12
-11.7
0.26
-3.28
Change in payables
0.67
1.02
-0.57
3.7
2.72
Cash from operations
-0.45
2.11
-4.3
-1.01
6.77
Capital expenditures
-1.6
-1.52
-1.48
-1.11
Cash from investing
0
-1.56
-1.74
-0.86
-1.42
Debt issued
0.37
0.88
1.51
Stock issued
0
8.67
4.68
Cash from financing
-0.01
0.25
7.06
2.43
-3.02
Exchange rate effect
-0.03
-0.06
0.12
-0.22
Net change in cash
-0.46
0.78
0.95
0.68
2.11
Free cash flow
0.51
-5.82
-2.49
5.66
Interest paid
0.27
0.47
0.91
0.35
Income taxes paid
1.23
1.01
2.5
1.28
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $7.10 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
26.0%
Gross profit / revenue.
Operating margin
9.2%
Operating income / revenue.
EBITDA margin
10.3%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
8.5%
Pre-tax income / revenue.
Net margin
4.2%
Net income / revenue.
FCF margin
11.9%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
13.4%
Cash from operations / revenue.
Effective tax rate
38.8%
Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)
7.8%
Net income / average total assets.
SG&A / revenue
16.8%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
1.3%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
1.5%
Capital expenditures / revenue.
D&A / revenue
1.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-0.3%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
9.7%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
3.5%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
8.2%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 3y
24.7%
Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 3y
15.2%
Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 3y
18.4%
Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 3y
47.5%
Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 3y
122.9%
Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
5.2%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
6.8%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
12.2%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.85x
Current assets / current liabilities.
Quick ratio
0.21x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.21x
(Cash + short-term investments) / current liabilities.
Debt / assets
2.1%
Total debt / total assets.
Liabilities / assets
104.5%
Total liabilities / total assets.
Net debt
-$5.2M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA
-0.66x
Net debt / EBITDA (twelve months), when EBITDA is positive.
Free cash flow / net income, when net income is positive.
Capex / operating cash flow
11.1%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$0.49
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$11.65
Revenue / diluted weighted shares.
FCF per share
$1.38
Free cash flow / diluted weighted shares.
Operating cash flow per share
$1.55
Cash from operations / diluted weighted shares.
Book value per share
-$0.43
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/E
11.7x
Market cap / net income. Only when net income is positive.
P/S
0.49x
Market cap / revenue.
P/FCF
4.10x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
3.64x
Market cap / cash from operations, when positive.
EV/Sales
0.42x
Enterprise value / revenue.
EV/EBIT
4.54x
Enterprise value / operating income, when both are positive.
EV/EBITDA
4.05x
Enterprise value / EBITDA, when both are positive.
EV/FCF
3.53x
Enterprise value / free cash flow, when both are positive.
FCF yield
24.4%
Free cash flow / market cap.
Earnings yield
8.6%
Net income / market cap (the inverse of P/E).
What was Aeries Technology, Inc.'s revenue in fiscal 2026?
Aeries Technology, Inc. reported revenue of $70.0M for fiscal 2026, 0.3% lower than the year before.
Was Aeries Technology, Inc. profitable in fiscal 2026?
Yes. Net income was $2.8M, a net margin of 4%.
How much free cash flow did Aeries Technology, Inc. generate in fiscal 2026?
Cash from operations of $6.8M minus capital expenditures of $1.1M left free cash flow of $5.7M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.