Aeries Technology, Inc (AERT) 10-Year Financial Performance & Capital Metrics

AERT • • Industrial / General

IndustrialsConsulting ServicesTechnology & Digital ConsultingIT & Digital Transformation

AboutAeries Technology, Inc. operates as a professional services and consulting partner in the United States and internationally. The company offers management consultancy services for private equity sponsors and their portfolio companies, including software solutions, product management, IT infrastructure, information and cyber security, ERP and CRM platform management, business process management, and digital transformation services. The company was founded in 2012 and is based in Orem, Utah.Show more

Revenue $70M -3.2%
EBITDA -$27M -678.1%
Net Income -$20M -225.9%
EPS (Diluted) -0.46 -145.5%
Gross Margin 23.82% -20.2%
EBITDA Margin -39.01% -697.2%
Operating Margin -40.98% -1094.9%
Net Margin -28.08% -230.1%
ROE -
ROIC -195.32% -1592.7%
Debt/Equity -
Interest Coverage -38.31 -692.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 133.9%
✓Efficient asset utilization: 1.8x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Weak momentum: RS Rating 13 (bottom 13%)
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 100.0% in last year
✗Thin 5Y average net margin of 1.5%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y19.62%

TTM-3.87%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM140.05%

EPS CAGR

10Y-

5Y-

3Y-

TTM-90.05%

ROCE

10Y Avg-55.59%

5Y Avg-55.59%

3Y Avg-92.03%

Latest-307.78%

Peer Comparison

IT & Digital Transformation

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
VCIGVCI Global Limited	6.22M	0.95	0.00	36.99%	32.93%	18.36%	100%	0.00
AERTAeries Technology, Inc	26.23M	0.54	-1.17	-3.19%	1.5%
EPOWSunrise New Energy Co., Ltd.	29.97M	0.93	-2.07	44.28%	-27.75%	-128.82%		1.85

Profit & Loss

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	41.01M	53.1M	72.51M	70.2M
Revenue Growth %	-	0.29%	0.37%	-0.03%
Cost of Goods Sold+	29.01M	39.44M	50.87M	53.48M
COGS % of Revenue	0.71%	0.74%	0.7%	0.76%
Gross Profit+	12.01M	13.66M	21.64M	16.72M
Gross Margin %	0.29%	0.26%	0.3%	0.24%
Gross Profit Growth %	-	0.14%	0.58%	-0.23%
Operating Expenses+	5.42M	11.33M	18.65M	45.49M
OpEx % of Revenue	0.13%	0.21%	0.26%	0.65%
Selling, General & Admin	5.42M	11.33M	18.65M	45.49M
SG&A % of Revenue	0.13%	0.21%	0.26%	0.65%
Research & Development	0	0	0	0
R&D % of Revenue	-	-	-	-
Other Operating Expenses	0	0	0	0
Operating Income+	6.58M	2.33M	2.99M	-28.77M
Operating Margin %	0.16%	0.04%	0.04%	-0.41%
Operating Income Growth %	-	-0.65%	0.28%	-10.63%
EBITDA+	7.72M	3.5M	4.74M	-27.39M
EBITDA Margin %	0.19%	0.07%	0.07%	-0.39%
EBITDA Growth %	-	-0.55%	0.35%	-6.78%
D&A (Non-Cash Add-back)	1.14M	1.17M	1.75M	1.38M
EBIT	6.45M	2.95M	19.59M	-21.92M
Net Interest Income+	-160K	6K	-187K	-425K
Interest Income	284K	191K	275K	326K
Interest Expense	444K	185K	462K	751K
Other Income/Expense	-581K	435K	16.14M	6.1M
Pretax Income+	6M	2.77M	19.13M	-22.67M
Pretax Margin %	0.15%	0.05%	0.26%	-0.32%
Income Tax+	1.27M	1.06M	1.87M	-1.07M
Effective Tax Rate %	0.67%	0.52%	0.82%	0.87%
Net Income+	4.03M	1.45M	15.66M	-19.71M
Net Margin %	0.1%	0.03%	0.22%	-0.28%
Net Income Growth %	-	-0.64%	9.83%	-2.26%
Net Income (Continuing)	4.74M	1.71M	17.26M	-21.59M
Discontinued Operations	0	0	0	0
Minority Interest	1.14M	1.28M	11.06M	-300K
EPS (Diluted)+	0.14	0.05	1.01	-0.46
EPS Growth %	-	-0.64%	19.08%	-1.46%
EPS (Basic)	0.14	0.05	1.01	-0.46
Diluted Shares Outstanding	28.75M	28.75M	15.53M	43.08M
Basic Shares Outstanding	28.75M	28.75M	15.53M	43.08M
Dividend Payout Ratio	-	-	-	-

Balance Sheet

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	11.93M	20.59M	32.84M	21.33M
Cash & Short-Term Investments	351K	1.13M	2.08M	2.76M
Cash Only	351K	1.13M	2.08M	2.76M
Short-Term Investments	0	0	0	0
Accounts Receivable	8.13M	13.42M	23.76M	10.98M
Days Sales Outstanding	72.35	92.22	119.59	57.1
Inventory	0	0	0	0
Days Inventory Outstanding	-	-	-	-
Other Current Assets	298K	2.11M	786K	1.75M
Total Non-Current Assets+	6.93M	13.81M	16.57M	18.51M
Property, Plant & Equipment	2.8M	8.75M	10.9M	11.17M
Fixed Asset Turnover	14.66x	6.07x	6.65x	6.28x
Goodwill	0	0	0	0
Intangible Assets	0	0	0	0
Long-Term Investments	1.56M	1.56M	1.61M	1.83M
Other Non-Current Assets	1.5M	2.26M	2.13M	1.44M
Total Assets+	18.86M	34.4M	49.41M	39.83M
Asset Turnover	2.17x	1.54x	1.47x	1.76x
Asset Growth %	-	0.82%	0.44%	-0.19%
Total Current Liabilities+	6.61M	12.52M	38.13M	32.42M
Accounts Payable	841K	2.47M	6.62M	8.15M
Days Payables Outstanding	10.58	22.89	47.47	55.65
Short-Term Debt	220K	1.38M	6.78M	6.5M
Deferred Revenue (Current)	228K	193K	261K	274K
Other Current Liabilities	2.97M	124K	15.39M	8.3M
Current Ratio	1.80x	1.64x	0.86x	0.66x
Quick Ratio	1.80x	1.64x	0.86x	0.66x
Cash Conversion Cycle	-	-	-	-
Total Non-Current Liabilities+	3.55M	8.41M	12.46M	13.52M
Long-Term Debt	917K	969K	1.44M	1.1M
Capital Lease Obligations	467K	4.5M	5.78M	7.56M
Deferred Tax Liabilities	126K	168K	92K	139K
Other Non-Current Liabilities	88K	2.77M	5.15M	4.72M
Total Liabilities	10.17M	20.93M	50.59M	45.94M
Total Debt+	1.99M	8.8M	16.37M	17.86M
Net Debt	1.64M	7.67M	14.29M	15.09M
Debt / Equity	0.23x	0.65x	-	-
Debt / EBITDA	0.26x	2.51x	3.46x	-
Net Debt / EBITDA	0.21x	2.19x	3.02x	-
Interest Coverage	14.83x	12.60x	6.47x	-38.31x
Total Equity+	8.7M	13.47M	-1.18M	-6.1M
Equity Growth %	-	0.55%	-1.09%	-4.17%
Book Value per Share	0.30	0.47	-0.08	-0.14
Total Shareholders' Equity	7.56M	12.19M	-12.24M	-5.8M
Common Stock	232.3M	234.62M	2K	5K
Retained Earnings	4.87M	-4.51M	-11.67M	-31.38M
Treasury Stock	0	0	0	-724K
Accumulated OCI	-644K	-1.35M	-574K	-908K
Minority Interest	1.14M	1.28M	11.06M	-300K

Cash Flow

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	3.16M	2.11M	-4.3M	-1.01M
Operating CF Margin %	0.08%	0.04%	-0.06%	-0.01%
Operating CF Growth %	-	-0.33%	-3.04%	0.77%
Net Income	4.74M	1.71M	17.26M	-21.59M
Depreciation & Amortization	1.14M	1.17M	1.35M	1.38M
Stock-Based Compensation	0	3.81M	1.63M	12.75M
Deferred Taxes	-190K	-161K	-718K	-2.11M
Other Non-Cash Items	342K	-107K	-15.29M	6.89M
Working Capital Changes	-2.86M	-4.3M	-8.52M	1.67M
Change in Receivables	-4.42M	-6.12M	-11.74M	261K
Change in Inventory	0	0	0	0
Change in Payables	653K	1.02M	-568K	3.7M
Cash from Investing+	-437K	-1.56M	-1.74M	-858K
Capital Expenditures	-1.65M	-1.6M	-1.52M	-1.48M
CapEx % of Revenue	0.04%	0.03%	0.02%	0.02%
Acquisitions	-	-	-	-
Investments	-	-	-	-
Other Investing	1.22M	43K	-220K	626K
Cash from Financing+	-3.54M	252K	7.06M	2.43M
Debt Issued (Net)	-	-	-	-
Equity Issued (Net)	-	-	-	-
Dividends Paid	0	0	0	0
Share Repurchases	-	-	-	-
Other Financing	0	-681K	-2.75M	-511K
Net Change in Cash	-	-	-	-
Free Cash Flow+	1.51M	511K	-5.82M	-2.49M
FCF Margin %	0.04%	0.01%	-0.08%	-0.04%
FCF Growth %	-	-0.66%	-12.39%	0.57%
FCF per Share	0.05	0.02	-0.37	-0.06
FCF Conversion (FCF/Net Income)	0.78x	1.46x	-0.27x	0.05x
Interest Paid	472K	273K	465K	910K
Taxes Paid	1.42M	1.23M	1.01M	2.5M

Key Ratios

Metric	2022	2023	2024	2025
Return on Equity (ROE)	46.37%	13.05%	254.81%	-
Return on Invested Capital (ROIC)	47.77%	11.11%	13.09%	-195.32%
Gross Margin	29.28%	25.72%	29.85%	23.82%
Net Margin	9.83%	2.72%	21.59%	-28.08%
Debt / Equity	0.23x	0.65x	-	-
Interest Coverage	14.83x	12.60x	6.47x	-38.31x
FCF Conversion	0.78x	1.46x	-0.27x	0.05x
Revenue Growth	-	29.47%	36.55%	-3.19%

Revenue by Geography

	2024	2025
North America	56.96M	65.49M
North America Growth	-	14.97%
Asia Pacific	15.55M	4.71M
Asia Pacific Growth	-	-69.70%

Frequently Asked Questions

Growth & Financials

Aeries Technology, Inc (AERT) reported $69.3M in revenue for fiscal year 2025. This represents a 69% increase from $41.0M in 2022.

Aeries Technology, Inc (AERT) saw revenue decline by 3.2% over the past year.

Yes, Aeries Technology, Inc (AERT) is profitable, generating $1.0M in net income for fiscal year 2025 (-28.1% net margin).

Dividend & Returns

Aeries Technology, Inc (AERT) generated $0.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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