Aeries Technology, Inc(AERT)Earnings, Financials & Key Ratios
AERT•NASDAQ
$0.64
$28M mkt cap·Price updated May 6, 2026
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 Margin23.82%-20.2%
- EBITDA Margin-39.01%-697.2%
- Operating Margin-40.98%-1094.9%
- Net Margin-28.08%-230.1%
- ROIC-195.32%-1592.7%
- Interest Coverage-38.31-692.5%
AERT Key Insights
Aeries Technology, Inc (AERT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 133.9%
- ✓Momentum leader: RS Rating 86 (top 14%)
- ✓Efficient asset utilization: 1.8x turnover
✗Weaknesses
- ✗Weak Piotroski F-Score: 2/9
- ✗Negative free cash flow
- ✗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%
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
AERT Price & Volume
Aeries Technology, Inc (AERT) stock price & volume — 10-year historical chart
Loading chart...
AERT Growth Metrics
Aeries Technology, Inc (AERT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years19.62%
TTM-2.33%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-105.56%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-99.92%
Return on Capital
10 Years-55.59%
5 Years-55.59%
3 Years-92.03%
Last Year-307.78%
AERT Peer Comparison
Aeries Technology, Inc (AERT) competitors in Operations and human capital consulting — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 EXLS | 4.84B | 30.97 | 20.11 | 13.56% | 11.66% | 27.16% | 0.44 | |
 EPAM | 5.91B | 107.00 | 13.65 | 0.8% | 7.01% | 9.97% | 0.04 | |
 CTSH | 24.32B | 51.33 | 11.28 | 6.95% | 10.41% | 14.79% | 0.10 | |
 KFRC | 768.57M | 42.05 | 21.45 | -5.43% | 2.6% | 27.22% | 0.56 | |
 GLOB | 1.79B | 40.69 | 10.94 | 15.26% | 4.01% | 4.45% | 0.20 | |
 TASK | 601.36M | 6.68 | 6.07 | 18.95% | 11.64% | 21.23% | 0.50 | |
 IBEX | 378.56M | 28.11 | 11.91 | 9.77% | 7.53% | 31.81% | 0.52 | |
 CRM | 174.3B | 181.19 | 23.23 | 9.58% | 17.96% | 12.61% | 0.11 |
Compare AERT vs Peers
Aeries Technology, Inc (AERT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AERT Income Statement
Aeries Technology, Inc (AERT) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|
| Sales/Revenue | 41.01M | 53.1M | 72.51M | 70.2M | 69.2M |
| Revenue Growth % | - | 29.47% | 36.55% | -3.19% | -2.33% |
| Cost of Goods Sold | 29.01M | 39.44M | 50.87M | 53.48M | 51.97M |
| COGS % of Revenue | 70.72% | 74.28% | 70.15% | 76.18% | - |
| Gross Profit | 12.01M▲ 0% | 13.66M▲ 13.7% | 21.64M▲ 58.5% | 16.72M▼ 22.7% | 17.23M▲ 0% |
| Gross Margin % | 29.28% | 25.72% | 29.85% | 23.82% | 24.91% |
| Gross Profit Growth % | - | 13.74% | 58.46% | -22.74% | - |
| Operating Expenses | 5.42M | 11.33M | 18.65M | 45.49M | 16.76M |
| OpEx % of Revenue | 13.22% | 21.33% | 25.73% | 64.8% | - |
| Selling, General & Admin | 5.42M | 11.33M | 18.65M | 45.49M | 16.76M |
| SG&A % of Revenue | 13.22% | 21.33% | 25.73% | 64.8% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 6.58M▲ 0% | 2.33M▼ 64.6% | 2.99M▲ 28.1% | -28.77M▼ 1063.2% | 479K▲ 0% |
| Operating Margin % | 16.05% | 4.39% | 4.12% | -40.98% | 0.69% |
| Operating Income Growth % | - | -64.6% | 28.14% | -1063.17% | - |
| EBITDA | 7.72M | 3.5M | 4.74M | -27.39M | 1.18M |
| EBITDA Margin % | 18.83% | 6.6% | 6.53% | -39.01% | 1.71% |
| EBITDA Growth % | - | -54.65% | 35.23% | -678.13% | 104.95% |
| D&A (Non-Cash Add-back) | 1.14M | 1.17M | 1.75M | 1.38M | 701K |
| EBIT | 6.45M | 2.95M | 19.59M | -21.92M | -85K |
| Net Interest Income | -160K | 6K | -187K | -425K | -283K |
| Interest Income | 284K | 191K | 275K | 326K | 310K |
| Interest Expense | 444K | 185K | 462K | 751K | 431K |
| Other Income/Expense | -581K | 435K | 16.14M | 6.1M | 529K |
| Pretax Income | 6M▲ 0% | 2.77M▼ 53.9% | 19.13M▲ 591.5% | -22.67M▼ 218.5% | 1.01M▲ 0% |
| Pretax Margin % | 14.64% | 5.21% | 26.38% | -32.29% | 1.46% |
| Income Tax | 1.27M | 1.06M | 1.87M | -1.07M | 1.16M |
| Effective Tax Rate % | 21.12% | 38.32% | 9.78% | 4.73% | 114.68% |
| Net Income | 4.03M▲ 0% | 1.45M▼ 64.1% | 15.66M▲ 982.8% | -19.71M▼ 225.9% | -938K▲ 0% |
| Net Margin % | 9.83% | 2.72% | 21.59% | -28.08% | -1.36% |
| Net Income Growth % | - | -64.14% | 982.78% | -225.91% | -105.56% |
| Net Income (Continuing) | 4.74M | 1.71M | 17.26M | -21.59M | -3.7M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 1.14M | 1.28M | 11.06M | -300K | 395K |
| EPS (Diluted) | 0.14▲ 0% | 0.05▼ 64.1% | 1.01▲ 1908.0% | -0.46▼ 145.5% | -0.02▲ 0% |
| EPS Growth % | - | -64.07% | 1907.95% | -145.54% | -99.92% |
| EPS (Basic) | 0.14 | 0.05 | 1.01 | -0.46 | - |
| Diluted Shares Outstanding | 28.75M | 28.75M | 15.53M | 43.08M | 48.76M |
| Basic Shares Outstanding | 28.75M | 28.75M | 15.53M | 43.08M | 48.76M |
| Dividend Payout Ratio | - | - | - | - | - |
AERT Balance Sheet
Aeries Technology, Inc (AERT) balance sheet — assets, liabilities & shareholders' equity
| Line item | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|
| Total Current Assets | 11.93M | 20.59M | 32.84M | 21.33M | 21.45M |
| Cash & Short-Term Investments | 351K | 1.13M | 2.08M | 2.76M | 2.57M |
| Cash Only | 351K | 1.13M | 2.08M | 2.76M | 2.57M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 8.13M | 13.42M | 23.76M | 10.98M | 10.33M |
| Days Sales Outstanding | 72.35 | 92.22 | 119.59 | 57.1 | 55.58 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - |
| Other Current Assets | 298K | 2.11M | 786K | 1.75M | 8.55M |
| Total Non-Current Assets | 6.93M | 13.81M | 16.57M | 18.51M | 20.53M |
| Property, Plant & Equipment | 2.8M | 8.75M | 10.9M | 11.17M | 11.76M |
| Fixed Asset Turnover | 14.66x | 6.07x | 6.65x | 6.28x | 5.99x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 1.56M | 1.56M | 1.61M | 1.83M | 7.51M |
| Other Non-Current Assets | 1.5M | 2.26M | 2.13M | 1.44M | 11.86M |
| Total Assets | 18.86M▲ 0% | 34.4M▲ 82.4% | 49.41M▲ 43.6% | 39.83M▼ 19.4% | 41.98M▲ 0% |
| Asset Turnover | 2.17x | 1.54x | 1.47x | 1.76x | 1.72x |
| Asset Growth % | - | 82.36% | 43.64% | -19.38% | -83.64% |
| Total Current Liabilities | 6.61M | 12.52M | 38.13M | 32.42M | 28.57M |
| Accounts Payable | 841K | 2.47M | 6.62M | 8.15M | 6.44M |
| Days Payables Outstanding | 10.58 | 22.89 | 47.47 | 55.65 | 52.08 |
| Short-Term Debt | 220K | 1.38M | 6.78M | 6.5M | 6.27M |
| Deferred Revenue (Current) | 228K | 193K | 261K | 274K | 274K |
| Other Current Liabilities | 2.97M | 124K | 15.39M | 8.3M | 15.86M |
| Current Ratio | 1.80x | 1.64x | 0.86x | 0.66x | 0.66x |
| Quick Ratio | 1.80x | 1.64x | 0.86x | 0.66x | 0.66x |
| Cash Conversion Cycle | - | - | - | - | 3.49 |
| Total Non-Current Liabilities | 3.55M | 8.41M | 12.46M | 13.52M | 14.2M |
| Long-Term Debt | 917K | 969K | 1.44M | 1.1M | 7.24M |
| Capital Lease Obligations | 467K | 4.5M | 5.78M | 7.56M | 21.98M |
| Deferred Tax Liabilities | 126K | 168K | 92K | 139K | 737K |
| Other Non-Current Liabilities | 88K | 2.77M | 5.15M | 4.72M | 21.35M |
| Total Liabilities | 10.17M | 20.93M | 50.59M | 45.94M | 42.78M |
| Total Debt | 1.99M | 8.8M | 16.37M | 17.86M | 13.51M |
| Net Debt | 1.64M | 7.67M | 14.29M | 15.09M | 10.94M |
| Debt / Equity | 0.23x | 0.65x | - | - | -16.95x |
| Debt / EBITDA | 0.26x | 2.51x | 3.46x | - | 11.45x |
| Net Debt / EBITDA | 0.21x | 2.19x | 3.02x | - | 9.27x |
| Interest Coverage | 14.83x | 12.60x | 6.47x | -38.31x | -0.20x |
| Total Equity | 8.7M▲ 0% | 13.47M▲ 54.9% | -1.18M▼ 108.8% | -6.1M▼ 417.3% | -797K▲ 0% |
| Equity Growth % | - | 54.89% | -108.76% | -417.29% | -1320.99% |
| Book Value per Share | 0.30 | 0.47 | -0.08 | -0.14 | -0.02 |
| Total Shareholders' Equity | 7.56M | 12.19M | -12.24M | -5.8M | -1.19M |
| Common Stock | 232.3M | 234.62M | 2K | 5K | -719K |
| Retained Earnings | 4.87M | -4.51M | -11.67M | -31.38M | -28.55M |
| Treasury Stock | 0 | 0 | 0 | -724K | 0 |
| Accumulated OCI | -644K | -1.35M | -574K | -908K | -1.04M |
| Minority Interest | 1.14M | 1.28M | 11.06M | -300K | 395K |
AERT Cash Flow Statement
Aeries Technology, Inc (AERT) cash flow — operating, investing & free cash flow history
| Line item | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|
| Cash from Operations | 3.16M | 2.11M | -4.3M | -1.01M | -1.01M |
| Operating CF Margin % | 7.71% | 3.98% | -5.93% | -1.44% | - |
| Operating CF Growth % | - | -33.28% | -303.65% | 76.53% | 466.78% |
| Net Income | 4.74M | 1.71M | 17.26M | -21.59M | -938K |
| Depreciation & Amortization | 1.14M | 1.17M | 1.35M | 1.38M | 911K |
| Stock-Based Compensation | 0 | 3.81M | 1.63M | 12.75M | 293K |
| Deferred Taxes | -190K | -161K | -718K | -2.11M | 1.35M |
| Other Non-Cash Items | 342K | -107K | -15.29M | 6.89M | 7.5M |
| Working Capital Changes | -2.86M | -4.3M | -8.52M | 1.67M | -1.97M |
| Change in Receivables | -4.42M | -6.12M | -11.74M | 261K | -1.32M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 653K | 1.02M | -568K | 3.7M | 2.02M |
| Cash from Investing | -437K | -1.56M | -1.74M | -858K | -762K |
| Capital Expenditures | -1.65M | -1.6M | -1.52M | -1.48M | -112K |
| CapEx % of Revenue | 4.03% | 3.01% | 2.1% | 2.11% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - |
| Other Investing | 1.22M | 43K | -220K | 626K | -650K |
| Cash from Financing | -3.54M | 252K | 7.06M | 2.43M | -4.61M |
| Debt Issued (Net) | -3.57M | 933K | 1.15M | -1.01M | -2.35M |
| Equity Issued (Net) | 32K | 0 | 1000K | 1000K | -724K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -724K | -724K |
| Other Financing | 0 | -681K | -2.75M | -511K | -1.54M |
| Net Change in Cash | -827K▲ 0% | 780K▲ 194.3% | 953K▲ 22.2% | 680K▼ 28.6% | 184K▲ 0% |
| Free Cash Flow | 1.51M▲ 0% | 511K▼ 66.2% | -5.82M▼ 1238.7% | -2.49M▲ 57.2% | 5.51M▲ 0% |
| FCF Margin % | 3.68% | 0.96% | -8.03% | -3.55% | 7.97% |
| FCF Growth % | - | -66.16% | -1238.75% | 57.16% | 168.69% |
| FCF per Share | 0.05 | 0.02 | -0.37 | -0.06 | -0.06 |
| FCF Conversion (FCF/Net Income) | 0.78x | 1.46x | -0.27x | 0.05x | -5.88x |
| Interest Paid | 472K | 273K | 465K | 910K | 530K |
| Taxes Paid | 1.42M | 1.23M | 1.01M | 2.5M | 1.4M |
AERT Key Ratios
Aeries Technology, Inc (AERT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|
| Return on Equity (ROE) | 13.05% | 254.81% | - | 26.83% |
| Return on Invested Capital (ROIC) | 11.11% | 13.09% | -195.32% | -195.32% |
| Gross Margin | 25.72% | 29.85% | 23.82% | 24.91% |
| Net Margin | 2.72% | 21.59% | -28.08% | -1.36% |
| Debt / Equity | 0.65x | - | - | -16.95x |
| Interest Coverage | 12.60x | 6.47x | -38.31x | -0.20x |
| FCF Conversion | 1.46x | -0.27x | 0.05x | -5.88x |
| Revenue Growth | 29.47% | 36.55% | -3.19% | -2.33% |
AERT Frequently Asked Questions
Aeries Technology, Inc (AERT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Aeries Technology, Inc (AERT) reported $69.2M 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.
Aeries Technology, Inc (AERT) reported a net loss of $0.9M for fiscal year 2025.
Dividend & Returns
Aeries Technology, Inc (AERT) generated $5.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More AERT
Aeries Technology, Inc (AERT) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates