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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

Ratios

Percentages worked out from the filed figures; debt to equity in times. 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
Margins
n/a 25.7% 29.8% 23.8% 24.7%
n/a 4.4% 4.1% −41.0% 6.5%
n/a 5.2% 26.4% −32.3% 7.8%
n/a 3.2% 23.8% −30.8% 4.0%
n/a 1.0% −8.0% −3.6% 8.1%
Spending
n/a 21.3% 25.7% 64.8% 18.3%
n/a 3.0% 2.1% 2.1% 1.6%
n/a 38.3% 9.8% n/a 36.4%
Returns
n/a 14.0% n/a n/a n/a
4.2% 5.0% 34.9% −54.2% 6.8%
Balance and payout
n/a 0.16 n/a n/a n/a
2.1% 60.8% 102.4% 115.3% 106.2%