A
Aeries Technology, Inc.
Period
FY 2026
Revenue
$70.01M
Net Income
$3.47M
Total Assets
$41.89M
Equity
$-3.03M
Shares Out
48.50M
Op. Cash Flow
$6.77M
Business
Aeries Technology is a global professional services and technology consulting firm that establishes and manages Global Capability Centers (GCCs)—offshore and nearshore operational hubs—for private equity portfolio companies and mid-market enterprises. The company provides strategic planning, center establishment, operations management, and AI-enabled transformation services across functions including finance, IT, customer service, and cybersecurity. Aeries operates through two primary ownership models (Aeries-managed with Build-Operate-Transfer optionality, and client-controlled entities) and serves clients across e-commerce, telecom, healthcare, and other industries, with a geographic focus on North America and India.
Summary from 10-K filed 2026-06-08
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Revenue, net | 70 | 70 | 73 | 53 | — | |
| Cost of revenue | 53 | 53 | 51 | 39 | — | |
| Gross profit | 17 | 17 | 22 | 14 | — | |
| Selling, general & administrative expenses | 13 | 45 | 19 | 11 | — | |
| Total operating expenses | 13 | 45 | 19 | 11 | — | |
| Income / (loss) from operations | 5 | −29 | 3 | 2 | −4 | |
| Change in fair value forward purchase agreement put option liability | −51,000 | 5 | 15 | — | — | |
| Change in fair value of derivative warrant liabilities | 208,000 | 738,000 | 1 | — | — | |
| Gain on settlement of forward purchase agreement put option liability | — | 581,000 | — | — | — | |
| Interest income | 318,000 | 326,000 | 275,000 | 191,000 | — | |
| Interest expense | −463,000 | −751,000 | −462,000 | −185,000 | — | |
| Other (expense) / income, net | 935,000 | 624,000 | 160,000 | 429,000 | — | |
| Total other income / (expense), net | 947,000 | 6 | 16 | 435,000 | — | |
| Income / (loss) before income taxes | 5 | −23 | 19 | 3 | — | |
| Income tax (expense) / benefit | −2 | 1 | −2 | −1 | — | |
| Net income / (loss) | 3 | −22 | 17 | 2 | — | |
| Net income / (loss) attributable to noncontrolling interests | 278,000 | −1 | 202,000 | 260,000 | — | |
| Net income / (loss) attributable to redeemable noncontrolling interests | 642,000 | −718,000 | 1 | — | — | |
| Net income / (loss) attributable to shareholders of Aeries Technology Inc. | 3 | −20 | 16 | 1 | — | |
| Weighted average shares outstanding of Class A ordinary shares, basic | 48 | 43 | 16 | — | — | |
| Weighted average shares outstanding of Class A ordinary shares diluted | 48 | 43 | 16 | — | — | |
| Basic net income / (loss) per Class A ordinary share | 0.05 | −0.46 | 0.91 | — | — | |
| Diluted net income / (loss) per Class A ordinary share | 0.05 | −0.46 | 0.91 | — | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 5 | 3 | 2 | 1 | — | |
| Accounts receivable, net of allowance of $1,335 and $3,574 as of March 31, 2026 and March 31, 2025, respectively | 13 | 11 | 24 | 13 | — | |
| Prepaid expenses and other current assets, net of allowance of $0 and $0, as of March 31, 2026 and March 31, 2025, respectively | 6 | 8 | 7 | 4 | — | |
| Deferred transactions costs | 125,000 | — | — | — | — | |
| Total current assets | 24 | 21 | 33 | 21 | 360,774 | |
| Property and equipment, net | 2 | 2 | 4 | — | — | |
| Operating right-of-use assets | 9 | 10 | 7 | 6 | — | |
| Deferred tax assets, net | 4 | 4 | 2 | 1 | — | |
| Long-term investments, net of allowance of $52 and $76, as of March 31, 2026 and March 31, 2025, respectively | 2 | 2 | 2 | 2 | — | |
| Other assets | 2 | 1 | 2 | 2 | 0 | |
| Total assets | 42 | 40 | 49 | 34 | 235 | |
| Accounts payable | 9 | 8 | 7 | 2 | 676,652 | |
| Accrued compensation and related benefits, current | 4 | 2 | 3 | 3 | — | |
| Operating lease liabilities, current | 3 | 3 | 2 | 2 | — | |
| Short-term borrowings | 4 | 7 | 7 | 1 | — | |
| Forward purchase agreement put option liability | 4 | 5 | 10 | — | — | |
| Other current liabilities | 6 | 8 | 9 | 4 | — | |
| Total current liabilities | 31 | 32 | 38 | 13 | 4 | |
| Long term debt | 798,000 | 1 | 1 | 969,000 | — | |
| Operating lease liabilities, noncurrent | 6 | 7 | 6 | 4 | — | |
| Derivative warrant liabilities | 421,000 | 629,000 | 1 | — | 614,040 | |
| Deferred tax liabilities, net | 197,000 | 139,000 | 92,000 | 168,000 | — | |
| Other liabilities | 6 | 4 | 4 | 3 | — | |
| Total liabilities | 44 | 46 | 51 | 21 | 5 | |
| Redeemable noncontrolling interest | 448,000 | −42,000 | 734,000 | — | — | |
| Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding | — | — | — | — | 0 | |
| Net shareholders investment and additional paid-in capital | 29 | 27 | — | 7 | 0 | |
| Less: Common Stock held in treasury at cost; 2,997,954 shares as on March 31, 2026 and 1,285,392 shares as on March 31, 2025 | −1 | −724,000 | — | — | — | |
| Accumulated other comprehensive loss | −2 | −908,000 | −574,000 | −1 | — | |
| Accumulated deficit | −29 | −31 | −12 | 6 | −5 | |
| Total Aeries Technology, Inc. shareholders equity / (deficit) | −3 | −6 | −12 | 12 | −5 | |
| Noncontrolling interest | 1,000 | −258,000 | 10 | 1 | — | |
| Total shareholders equity / (deficit) | −3 | −6 | −2 | 13 | — | |
| Total liabilities, redeemable noncontrolling interest and shareholders equity / (deficit) | 42 | 40 | 49 | 34 | 235 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization expense | 837,000 | 1 | 1 | 1 | — | |
| Impairment Loss | 0 | 2 | 0 | — | — | |
| Stock-based compensation expense | 293,000 | 13 | 2 | 4 | — | |
| Deferred tax expense / (benefit) | 173,000 | −2 | — | — | — | |
| Accrued income from long-term investments | −239,000 | −216,000 | −196,000 | −130,000 | — | |
| Provision for expected credit loss | −2 | 2 | 1 | — | — | |
| Gain on lease termination | −1,000 | −29,000 | −13,000 | −25,000 | — | |
| (Profit) / loss on sale of property and equipment | −18,000 | 90,000 | 12,000 | 54,000 | — | |
| Sundry balances written back | −1 | −699,000 | −48,000 | −36,000 | — | |
| Impairment in value of investments | 1,000 | — | — | 24,000 | — | |
| Change in fair value of forward purchase agreement put option liability | 51,000 | −5 | −15 | — | — | |
| Loss on issuance of shares against accounts payable | — | 342,000 | 48,000 | — | — | |
| Unrealized exchange (gain) / loss | −181,000 | 44,000 | −26,000 | — | — | |
| Sundry balances written off | 3 | 9 | — | — | — | |
| Accounts receivable | −3 | 261,000 | −12 | −6 | — | |
| Prepaid expenses and other current assets | 2 | −1 | −340,000 | −1 | 390,272 | |
| Operating right-of-use assets | −50,000 | −3 | −2 | −6 | — | |
| Other assets | −858,000 | −89,000 | 312,000 | −801,000 | — | |
| Accounts payable | 3 | 4 | −568,000 | 1 | 673,842 | |
| Accrued compensation and related benefits, current | 1 | −581,000 | 323,000 | 898,000 | — | |
| Other current liabilities | −1 | −842,000 | 2 | 838,000 | — | |
| Operating lease liabilities | 115,000 | 4 | 2 | 6 | — | |
| Other liabilities | 2 | 425,000 | 999,000 | 751,000 | — | |
| Net cash provided by/ (used in) operating activities | 7 | −1 | −4 | 2 | −446,617 | |
| Acquisition of property and equipment | −1 | −1 | −2 | −2 | — | |
| Sale of property and equipment | 87,000 | 217,000 | 11,000 | 12,000 | — | |
| Issuance of loans to affiliates | −131,000 | −1 | −2 | −813,000 | — | |
| Payments received for loans to affiliates | 108,000 | 2 | 2 | 844,000 | — | |
| Fixed Deposits placed with banks | −609,000 | — | — | — | — | |
| Proceeds from maturities of fixed deposits placed with banks | 250,000 | — | — | — | — | |
| Payment made towards investment in wholly owned subsidiary | −10,000 | — | — | — | — | |
| Net cash used in investing activities | −1 | −858,000 | −2 | −2 | 0 | |
| Net repayment of short term borrowings | −2 | −405,000 | 3 | 1 | — | |
| Payment of insurance financing liability | −164,000 | −491,000 | −448,000 | — | — | |
| Proceeds from long-term debt | — | 2 | 882,000 | 368,000 | — | |
| Repayment of long-term debt | −131,000 | −2 | −391,000 | −229,000 | — | |
| Payment of finance lease obligations | −176,000 | −335,000 | −391,000 | −390,000 | — | |
| Payment of deferred transaction costs | −40,000 | −20,000 | −2 | −769,000 | — | |
| Payment of FPA liabilities | −100,000 | — | — | — | — | |
| Proceeds from issuance of Class A ordinary shares, net of issuance cost | — | 5 | 9 | — | 0 | |
| Proceeds from issuance of subsidiary shares pursuant to MSOP agreement | 7,000 | — | — | — | — | |
| Payment for purchase of treasury shares | −580,000 | −724,000 | — | — | — | |
| Net cash (used in) / provided by financing activities | −3 | 2 | 7 | 252,000 | −8,461 | |
| Effect of exchange rate changes on cash and cash equivalents | −223,000 | 115,000 | −64,000 | −26,000 | — | |
| Net increase in cash and cash equivalents | 2 | 680,000 | 953,000 | 780,000 | −455,078 | |
| Cash paid for interest | 346,000 | 910,000 | 465,000 | 273,000 | — | |
| Cash paid for income taxes, net of refunds | 1 | 3 | 1 | 1 | — | |
| Unpaid deferred transaction costs included in accounts payable and other current liabilities | — | — | 4 | 1 | — | |
| Equipment acquired under finance lease obligations | 134,000 | 117,000 | 313,000 | 164,000 | — | |
| Property and equipment purchase included in accounts payable | — | 1,000 | 162,000 | 25,000 | — | |
| Settlement of accounts payable through issuance of Class A ordinary shares to vendors | — | 342,000 | 855,000 | — | — | |
| Issuance of common stock to vendor in lieu future services | 180,000 | — | — | — | — |
Filings
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Frequently asked questions
What is Aeries Technology, Inc.'s CIK number?
Aeries Technology, Inc.'s SEC CIK number is 0001853044 (1853044). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Aeries Technology, Inc.'s SEC filings?
All of Aeries Technology, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Aeries Technology, Inc. last report earnings?
Aeries Technology, Inc. (AERT) most recently filed an earnings 8-K with the SEC on Jun 8, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001829126-26-006126). This is Aeries Technology, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Aeries Technology, Inc.'s most recent earnings 8-K?
Aeries Technology, Inc.'s latest earnings 8-K (Item 2.02) was filed Jun 8, 2026 under accession 0001829126-26-006126. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Aeries Technology, Inc.'s latest earnings 8-K →
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