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Aeries Technology, Inc.

AERT Clue Score53
Fiscal year ends March CIK 0001853044
$6.05 -12.36% Close, 12 Oct 2026
Alert on the numbers Alert on insider trades
Price $6.05 −44.72% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 17 Dec 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2022Operating income−4.5Net income9.8Fiscal year 2023Revenue53.1Operating income2.3Net income1.7 −82.5%Fiscal year 2024Revenue72.5 +36.6%Operating income3.0Net income17.3 +911.5%EPS, diluted0.91Fiscal year 2025Revenue70.2 −3.2%Operating income−28.8Net income−21.6 −225.1%EPS, diluted−0.46Fiscal year 2026Revenue70.0 −0.3%Operating income4.5Net income2.8EPS, diluted0.05
FY2022FY2023FY2024FY2025FY2026
Revenue n/a 53.1 72.5 70.2 70.0
Growth +36.6% −3.2% −0.3%
Operating income −4.5 2.3 3.0 −28.8 4.5
Net income 9.8 1.7 17.3 −21.6 2.8
Growth −82.5% +911.5% −225.1%
EPS, diluted n/a n/a 0.91 −0.46 0.05

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2022Fiscal year 2023Gross margin25.7%Operating margin4.4%Net margin3.2%Free cash flow margin1.0%Fiscal year 2024Gross margin29.8%Operating margin4.1%Net margin23.8%Free cash flow margin−8.0%Fiscal year 2025Gross margin23.8%Operating margin−41.0%Net margin−30.8%Free cash flow margin−3.6%Fiscal year 2026Gross margin24.7%Operating margin6.5%Net margin4.0%Free cash flow margin8.1%
FY2022FY2023FY2024FY2025FY2026
Gross margin n/a 25.7% 29.8% 23.8% 24.7%
Operating margin n/a 4.4% 4.1% −41.0% 6.5%
Net margin n/a 3.2% 23.8% −30.8% 4.0%
Free cash flow margin n/a 1.0% −8.0% −3.6% 8.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2022Operating cash flow−0.4Fiscal year 2023Operating cash flow2.1Capital expenditure−1.6Free cash flow0.5Fiscal year 2024Operating cash flow−4.3Capital expenditure−1.5Free cash flow−5.8 −1,238.7%Fiscal year 2025Operating cash flow−1.0Capital expenditure−1.5Free cash flow−2.5Fiscal year 2026Operating cash flow6.8Capital expenditure−1.1Free cash flow5.7
FY2022FY2023FY2024FY2025FY2026
Operating cash flow −0.4 2.1 −4.3 −1.0 6.8
Capital expenditure n/a −1.6 −1.5 −1.5 −1.1
Free cash flow n/a 0.5 −5.8 −2.5 5.7
Growth −1,238.7%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2022Cash0.0Shareholders’ equity−4.5Fiscal year 2023Cash1.1Total debt1.9Net cash (debt)−0.8Shareholders’ equity12.2Debt to equity0.16Fiscal year 2024Cash2.1Total debt2.9Net cash (debt)−0.8Shareholders’ equity−12.2Fiscal year 2025Cash2.8Total debt2.2Net cash (debt)0.6Shareholders’ equity−5.8Fiscal year 2026Cash4.9Total debt1.6Net cash (debt)3.3Shareholders’ equity−3.0
FY2022FY2023FY2024FY2025FY2026
Cash 0.0 1.1 2.1 2.8 4.9
Total debt n/a 1.9 2.9 2.2 1.6
Net cash (debt) n/a −0.8 −0.8 0.6 3.3
Shareholders’ equity −4.5 12.2 −12.2 −5.8 −3.0
Debt to equity n/a 0.16 n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending March, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2022 31 Dec 2022 FY2023 31 Mar 2023 FY2024 31 Mar 2024 FY2025† 31 Mar 2025 FY2026 31 Mar 2026
Revenue and profit
n/a 53.1 72.5 70.2 70.0
Growth +36.6% −3.2% −0.3%
n/a 39.4 50.9 53.5 52.7
n/a 13.7 21.6 16.7 17.3
Growth +58.5% −22.7% +3.5%
n/a 11.3 18.7 45.5 12.8
−4.5 2.3 3.0 −28.8 4.5
Growth +28.1% −1,063.2%
n/a 2.8 19.1 −22.7 5.5
n/a 1.1 1.9 −1.1 2.0
9.8 1.7 17.3 −21.6 2.8
Growth −82.5% +911.5% −225.1%
Per share
n/a n/a 0.91 −0.46 0.05
n/a n/a 0.91 −0.46 0.05
Growth −150.5%
n/a n/a 15.5 43.1 48.3
n/a n/a 15.5 43.1 48.3
Growth +177.4% +12.2%

† The diluted share count jumps at 2025, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • A net loss in 1 of 5 years on file.