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AERT

Aeries Technology, Inc

AERT

Aeries Technology, Inc • NASDAQ
$0.55 ▼ -2.52% (-0.01)
Market Cap $27.02 M
52w High $2.67
52w Low $0.46
Dividend Yield 0%
P/E -13.83
Volume 259.51K
Outstanding Shares 48.85M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $17.359M ▲ $3.037M ▲ $2.23M ▲ 12.846% ▲ $0.047 ▲ $1.735M ▼
Q1-2026 $15.33M ▼ $2.958M ▼ $1.512M ▲ 9.863% ▲ $0.032 ▲ $2.382M ▲
Q4-2025 $19.051M ▲ $8.191M ▼ $-5.756M ▼ -30.214% ▼ $-0.1 ▼ $-3.501M ▼
Q3-2025 $17.607M ▲ $9.199M ▲ $3.053M ▲ 17.34% ▲ $0.069 ▲ $1.182M ▲
Q2-2025 $16.873M $7.67M $-2.19M -12.979% $-0.049 $-2.326M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $1.866M ▼ $40.479M ▲ $43.133M ▼ $-2.905M ▲
Q1-2026 $2.137M ▼ $38.825M ▼ $43.253M ▼ $-4.292M ▲
Q4-2025 $2.764M ▲ $39.833M ▼ $45.937M ▼ $-5.804M ▼
Q3-2025 $2.386M ▼ $50.681M ▼ $50.022M ▼ $692K ▲
Q2-2025 $3.627M $51.96M $53.274M $-2.316M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $644K ▼ $1.025M ▼ $-66K ▲ $-1.18M ▼ $-271K ▲ $653K ▼
Q1-2026 $1.676M ▲ $1.369M ▲ $-868K ▼ $-1.148M ▼ $-627K ▼ $1.11M ▲
Q4-2025 $-6.02M ▼ $864K ▲ $416K ▲ $-911K ▼ $378K ▲ $752K ▲
Q3-2025 $2.048M ▲ $-2.078M ▼ $-286K ▲ $1.094M ▲ $-1.241M ▼ $-2.468M ▼
Q2-2025 $-2.306M $1.925M $-380K $-2.136M $-570K $1.313M

Five-Year Company Overview

Income Statement

Income Statement Aeries is a very small, services-focused business that has grown its revenue gradually but remains at an early stage in scale. The company has positive gross margins, which means its core services are priced above delivery cost, but profits at the operating and net level swing between small gains and losses. Recent results show a move from a profitable year to a loss, suggesting that fixed costs, investment in growth, and deal timing can quickly shift the bottom line. Overall, the income statement tells a story of a business still stabilizing its economics and highly sensitive to execution and utilization rates.

Balance Sheet

Balance Sheet The balance sheet is thin, with a small asset base, limited cash, and a noticeable reliance on debt funding. Equity has recently turned negative, which typically reflects accumulated losses or structural adjustments following the reverse merger. This combination leaves the company with a modest financial cushion and less room to absorb shocks or invest heavily without new capital. While an asset-light profile is common in consulting and IT services, Aeries’ capital structure increases financial risk and puts more pressure on consistent performance and cash generation.

Cash Flow

Cash Flow Cash flow from operations is essentially hovering around break-even, which means the business is not yet producing a comfortable surplus of cash from its day-to-day activities. Capital spending is minimal, reflecting an asset-light, people-and-software-driven model rather than heavy physical investment. Free cash flow therefore depends mainly on how efficiently the company manages working capital and controls costs, rather than on big capital projects. For now, the cash flow profile looks fragile, and sustained growth will likely require tighter execution or access to outside financing until operating cash flow becomes reliably positive.

Competitive Edge

Competitive Edge Aeries’ competitive edge lies in its sharp focus on mid-market private equity portfolio companies and its specialization in setting up and running AI-enabled Global Capability Centers. This niche focus, combined with a lower-cost delivery model from India and Mexico, helps differentiate it from much larger, broad-based competitors. Its deep familiarity with private equity expectations—speed, measurable value creation, and cost discipline—also plays to its advantage with that client set. The flip side is that the company is small relative to global consulting giants, likely faces customer concentration risk, and must continually prove it can scale its model across more clients and sectors without losing quality.

Innovation and R&D

Innovation and R&D Innovation at Aeries is centered on its AeriesOne platform and related tools, which package AI, automation, analytics, and GCC lifecycle management into a repeatable offering. Rather than heavy fundamental research, the company focuses on applied innovation: using generative AI, process automation, and partner solutions to compress deployment times and improve client outcomes. The 1GCC component and AI Partner Network are key differentiators, enabling clients to access sophisticated capabilities they might not build on their own. Future success will depend on how quickly Aeries can expand use cases, keep its platform technologically current, attract strong partners, and demonstrate clear, quantified benefits in client case studies.

Summary

Aeries Technology is a niche, AI-enabled consulting and capability-center operator targeting mid-market private equity portfolio companies, with a clear strategic story but a still-fragile financial base. The business model is asset-light and potentially scalable, but the company remains very small, with volatile earnings, limited cash, negative equity, and only marginal cash generation to date. Its competitive strengths—AI-driven platforms, cost-efficient global delivery, and PE-centric execution—give it differentiation, yet they must be proven at scale against much larger incumbents. Going forward, the key questions are whether Aeries can grow revenue steadily within its niche, convert that growth into stable margins and consistent free cash flow, and strengthen its balance sheet while continuing to invest in its AI platform and global footprint.

NEWS

November 17, 2025 · 9:00 AM UTC

Aeries Technology Extends Profitability in Q2 FY2026; Strongest First Half in Company History Driven by AI-Led GCC Growth

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November 17, 2025 · 8:08 AM UTC

Aeries Technology featured in Everest Group's PEAK Matrix for GCC Setup Capabilities 2025 for the Second Year Running

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November 10, 2025 · 6:15 AM UTC

Aeries Technology Extends Profitability in Q2 FY2026; Strongest First Half in Company History Driven by AI-Led GCC Growth

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November 3, 2025 · 8:00 AM UTC

Aeries Technology highlights AI-driven execution to accelerate enterprise transformation

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October 13, 2025 · 8:00 AM UTC

Aeries Technology's Nearshore Model Delivers Over $20 Million in Client Savings

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