Aeries Technology, Inc. AERT
Aeries Technology is a global professional services and technology consulting firm that provides specialized expertise to private equity ("PE") firms' portfolio companies and middle-market, technology-enabled enterprises. We focus on the strategic planning, establishment, and operational management of Global Capability Centers ("GCCs"), which serve as offshore and nearshore operational hubs that extend and enhance our clients' business capabilities. Our service portfolio combines industry-specific expertise, functional depth, and digital technology solutions to deliver comprehensive support throughout the GCC journey, from strategic planning and center establishment to continuous operational oversight. By integrating AI, process optimization, and strategic talent acquisition in cost-advantaged regions, we can help our clients significantly reduce costs. Drawing on more than a decade of industry experience, we deliver business solutions that improve operational effectiveness, drive innovation, and accelerate strategic growth, creating measurable value for our clients.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $70.0M | $70.2M | $72.5M | $53.1M | — | — |
| Cost of revenue | $52.7M | $53.5M | $50.9M | $39.4M | — | — |
| Gross profit | $17.3M | $16.7M | $21.6M | $13.7M | — | — |
| SG&A | $12.8M | $45.5M | $18.7M | $11.3M | — | — |
| Total operating expenses | $12.8M | $45.5M | $18.7M | $11.3M | — | — |
| Operating income | $4.5M | -$28.8M | $3.0M | $2.3M | — | — |
| Interest expense | $463.0K | $751.0K | $462.0K | $185.0K | — | — |
| Pre-tax income | $5.5M | -$22.7M | $19.1M | $2.8M | — | — |
| Income tax | $2.0M | $1.1M | $1.9M | $1.1M | — | — |
| Net income | $2.8M | -$21.6M | $17.3M | $1.7M | — | — |
| EPS, basic | 0.05 | -0.46 | 0.91 | — | — | — |
| EPS, diluted | 0.05 | -0.46 | 0.91 | — | — | — |
| Shares, diluted (wtd. avg.) | 48.3M | 43.1M | 15.5M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $4.9M | $2.8M | $2.1M | $1.1M | $351.0K | $0 |
| Total current assets | $23.9M | $21.3M | $32.8M | $20.6M | $903.3K | — |
| Property, plant and equipment | $1.8M | $1.6M | $3.6M | $3.1M | — | — |
| Total assets | $41.9M | $39.8M | $49.4M | $34.4M | $233.5M | — |
| Accounts payable | $9.3M | $8.2M | $6.6M | $2.5M | $2.8K | — |
| Short-term debt | $798.0K | $1.1M | $1.4M | $969.0K | — | — |
| Total current liabilities | $30.7M | $32.4M | $38.1M | $12.5M | $391.6K | — |
| Long-term debt | $798.0K | $1.1M | $1.4M | $969.0K | — | — |
| Total liabilities | $44.5M | $45.9M | $50.6M | $20.9M | $21.0M | — |
| Retained earnings | -$28.9M | -$31.4M | -$11.7M | $6.3M | -$19.8M | — |
| Total equity | -$3.0M | -$5.8M | -$1.9M | $13.5M | $8.7M | $0 |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | $6.8M | -$1.0M | -$4.3M | $2.1M | — | — |
| Stock-based compensation | $293.0K | $12.7M | $1.6M | $3.8M | — | — |
| Capital expenditure | $1.1M | $1.5M | $1.5M | $1.6M | — | — |
| Investing cash flow | -$1.4M | -$858.0K | -$1.7M | -$1.6M | — | — |
| Financing cash flow | -$3.0M | $2.4M | $7.1M | $252.0K | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001829126-26-006123.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | — | $53.1M | $72.5M | $70.2M | $70.0M |
| Gross profit | — | — | $13.7M | $21.6M | $16.7M | $17.3M |
| Net income | — | — | $1.7M | $17.3M | -$21.6M | $2.8M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Officer or director change Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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