Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Primech Holdings Ltd 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
FY2024
FY2024
FY2025
Revenue
69
72.5
74.3
Cost of revenue
58.4
59.9
56.8
Gross profit
10.6
12.6
17.5
Selling and marketing
0.28
2.23
2.01
General and administrative
12.3
13.2
16.2
Operating income
-2.11
-2.78
-0.95
Interest expense
0.72
1.15
0.79
Pre-tax income
-2.56
-3.72
-1.76
Income tax
-0.01
-0.49
0.46
Net income to minority interests
-0.02
0.02
-0.28
Net income
-2.53
-3.24
-1.94
EBITDA
-0.47
-1.14
0.54
EPS, basic
-0.08
-0.10
-0.05
EPS, diluted
-0.08
-0.10
-0.05
Shares, basic (weighted)
32.5
33.9
37.6
Shares, diluted (weighted)
32.5
33.9
37.6
Balance sheet
FY2024
FY2024
FY2025
Cash and equivalents
9.07
7.65
10.1
Receivables
15.4
18.5
15.6
Inventory
0.14
0.06
0.04
Other current assets
1.18
3.81
1.7
Total current assets
27.4
31.3
29
Property, plant and equipment
10.9
10.1
9.69
Lease right-of-use assets
3.13
3.41
2.11
Goodwill
0.69
0.67
0.39
Intangible assets
0.09
0.02
0
Total assets
42.8
45.5
41.2
Accounts payable
10.9
9.41
10.3
Short-term debt
11.3
8.48
Total current liabilities
24.5
22.7
20.9
Long-term debt
7.11
5.71
4.33
Lease liabilities
1.39
0.25
0.39
Total liabilities
34
30.5
26.5
Total debt
17
12.8
Paid-in capital
0.92
0.92
0.92
Retained earnings
-5.81
-9.05
-11
Other comprehensive income
0.95
0.92
1
Shareholders' equity
8.78
15
14.9
Minority interests
0.05
0.07
-0.21
Total equity
8.83
15.1
14.7
Total liabilities and equity
42.8
45.5
41.2
Shares outstanding
32.5
35.6
38.4
Cash flow statement
FY2024
FY2024
FY2025
Net income
-2.55
-3.22
-2.22
Depreciation and amortization
1.64
1.64
1.48
Stock-based compensation
1.77
Deferred income tax
-0
-0.45
-0.01
Change in receivables
-3.15
-3.33
2.89
Change in inventory
0.01
0.08
0.01
Change in payables
1.97
-1.33
0.88
Cash from operations
-3.18
-9.08
7.38
Capital expenditures
-2
-0.91
-1.1
Cash from investing
-1.13
-0.81
-1.03
Stock issued
9.47
Dividends paid
-0.32
Cash from financing
8.01
8.18
-4.39
Exchange rate effect
0.24
0.28
0.53
Net change in cash
3.69
-1.71
1.96
Free cash flow
-5.19
-9.99
6.28
Interest paid
1.15
0.79
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $0.61 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
23.6%
Gross profit / revenue.
Operating margin
-1.3%
Operating income / revenue.
EBITDA margin
0.7%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-2.4%
Pre-tax income / revenue.
Net margin
-2.6%
Net income / revenue.
FCF margin
8.5%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
9.9%
Cash from operations / revenue.
Return on equity (ROE)
-13.0%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-4.5%
Net income / average total assets.
Return on invested capital (ROIC)
-3.6%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue
2.4%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
1.5%
Capital expenditures / revenue.
D&A / revenue
2.0%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
2.5%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
39.0%
Gross profit vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-0.7%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-9.5%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
10.8%
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
1.39x
Current assets / current liabilities.
Quick ratio
1.24x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.49x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.86x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
31.1%
Total debt / total assets.
Liabilities / assets
64.4%
Total liabilities / total assets.
Net debt
$2.7M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA
4.99x
Net debt / EBITDA (twelve months), when EBITDA is positive.
Days inventory + days sales outstanding - days payables.
Capex / operating cash flow
14.9%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.05
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.
EPS, basic
-$0.05
Net income per basic share, as reported (split-adjusted).
Revenue per share
$1.98
Revenue / diluted weighted shares.
FCF per share
$0.17
Free cash flow / diluted weighted shares.
Operating cash flow per share
$0.20
Cash from operations / diluted weighted shares.
Book value per share
$0.39
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.32x
Market cap / revenue.
P/B
1.58x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.62x
Market cap / tangible book value, when positive.
P/FCF
3.74x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
3.19x
Market cap / cash from operations, when positive.
EV/Sales
0.35x
Enterprise value / revenue.
EV/EBITDA
49.0x
Enterprise value / EBITDA, when both are positive.
EV/FCF
4.17x
Enterprise value / free cash flow, when both are positive.
FCF yield
26.7%
Free cash flow / market cap.
Earnings yield
-8.3%
Net income / market cap (the inverse of P/E).
What was Primech Holdings Ltd's revenue in fiscal 2025?
Primech Holdings Ltd reported revenue of $74.3M for fiscal 2025, 2.5% higher than the year before.
Was Primech Holdings Ltd profitable in fiscal 2025?
No. It reported a net loss of $1.9M.
How much free cash flow did Primech Holdings Ltd generate in fiscal 2025?
Cash from operations of $7.4M minus capital expenditures of $1.1M left free cash flow of $6.3M.
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.