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Aeries Technology, Inc.
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
24.7%Gross margin2
6.5%Operating margin2
4.0%Net margin2
-0.3%Revenue growth, 20262
$5.7MFree cash flow2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Regions
North America brought in 90% of the revenue Aeries Technology, Inc. broke down this way in fiscal 2026.
Regions by year
| Regions | 2025 | 2026 |
|---|---|---|
| North America | $65.5M | $62.9M |
| Asia Pacific | $4.7M | $7.1M |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue74¢$52.7M
- Selling, general and admin18¢$12.8M
- Interest1¢$463.0K
- Income tax3¢$2.0M
- Profit4¢$2.8M
Out of $70.0M in revenue.2
Where each dollar of operating cash went, fiscal 2026
- Capital spending16¢$1.1M
- Kept or used elsewhere84¢$5.7M
Out of $6.8M of cash from operations.2
Financial statements
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2026-03-31 | 2025-03-31 |
|---|---|---|
| Revenue, net | $70.0M | $70.2M |
| Cost of revenue | $52.7M | $53.5M |
| Gross profit | $17.3M | $16.7M |
| Selling, general & administrative expenses | $12.8M | $45.5M |
| Total operating expenses | $12.8M | $45.5M |
| Income / (loss) from operations | $4.5M | -$28.8M |
| Change in fair value forward purchase agreement put option liability | -$51.0K | $4.6M |
| Change in fair value of derivative warrant liabilities | $208.0K | $738.0K |
| Gain on settlement of forward purchase agreement put option liability | $581.0K | |
| Interest income | $318.0K | $326.0K |
| Interest expense | -$463.0K | -$751.0K |
| Other (expense) / income, net | $935.0K | $624.0K |
| Total other income / (expense), net | $947.0K | $6.1M |
| Income / (loss) before income taxes | $5.5M | -$22.7M |
| Income tax (expense) / benefit | -$2.0M | $1.1M |
| Net income / (loss) | $3.5M | -$21.6M |
| Net income / (loss) attributable to noncontrolling interests | $278.0K | -$1.2M |
| Net income / (loss) attributable to redeemable noncontrolling interests | $642.0K | -$718.0K |
| Net income / (loss) attributable to shareholders of Aeries Technology Inc. | $2.6M | -$19.7M |
| Weighted average shares outstanding of Class A ordinary shares, basic | 48.3M shares | 43.1M shares |
| Weighted average shares outstanding of Class A ordinary shares diluted | 48.3M shares | 43.1M shares |
| Basic net income / (loss) per Class A ordinary share | $0.05 | -$0.46 |
| Diluted net income / (loss) per Class A ordinary share | $0.05 | -$0.46 |
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Cash and cash equivalents | $4.9M | $2.8M | |
| Accounts receivable, net of allowance of $1,335 and $3,574 as of March 31, 2026 and March 31, 2025, respectively | $12.7M | $11.0M | |
| Prepaid expenses and other current assets, net of allowance of $0 and $0, as of March 31, 2026 and March 31, 2025, respectively | $6.2M | $7.6M | |
| Deferred transactions costs | $125.0K | ||
| Total current assets | $23.9M | $21.3M | |
| Property and equipment, net | $1.8M | $1.6M | |
| Operating right-of-use assets | $8.6M | $9.6M | |
| Deferred tax assets, net | $3.7M | $4.1M | |
| Long-term investments, net of allowance of $52 and $76, as of March 31, 2026 and March 31, 2025, respectively | $1.9M | $1.8M | |
| Other assets | $2.1M | $1.4M | |
| Total assets | $41.9M | $39.8M | |
| Accounts payable | $9.3M | $8.2M | |
| Accrued compensation and related benefits, current | $3.6M | $2.4M | |
| Operating lease liabilities, current | $2.7M | $2.5M | |
| Short-term borrowings | $4.4M | $6.5M | |
| Forward purchase agreement put option liability | $4.3M | $5.0M | |
| Other current liabilities | $6.4M | $7.8M | |
| Total current liabilities | $30.7M | $32.4M | |
| Long term debt | $798.0K | $1.1M | |
| Operating lease liabilities, noncurrent | $6.4M | $7.5M | |
| Derivative warrant liabilities | $421.0K | $629.0K | |
| Deferred tax liabilities, net | $197.0K | $139.0K | |
| Other liabilities | $6.0M | $4.2M | |
| Total liabilities | $44.5M | $45.9M | |
| Redeemable noncontrolling interest | $448.0K | -$42.0K | |
| Net shareholders investment and additional paid-in capital | $29.1M | $27.2M | |
| Less: Common Stock held in treasury at cost; 2,997,954 shares as on March 31, 2026 and 1,285,392 shares as on March 31, 2025 | -$1.3M | -$724.0K | |
| Accumulated other comprehensive loss | -$2.0M | -$908.0K | |
| Accumulated deficit | -$28.9M | -$31.4M | |
| Total Aeries Technology, Inc. shareholders equity / (deficit) | -$3.0M | -$5.8M | |
| Noncontrolling interest | $1.0K | -$258.0K | |
| Total shareholders equity / (deficit) | -$3.0M | -$6.1M | -$1.9M |
| Total liabilities, redeemable noncontrolling interest and shareholders equity / (deficit) | $41.9M | $39.8M | |
| Accounts receivable, net of allowance | $1.3M | $3.6M | |
| Prepaid expenses and other current assets, net of allowance | $0 | $0 | |
| Long-term investments, net of allowance | $52.0K | $76.0K | |
| Preferred stock, par or stated value per share | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 5.0M shares | 5.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, shares outstanding | 48.5M shares | 47.2M shares | 15.6M shares |
| Common stock held in treasury at cost | 3.0M shares | 1.3M shares |
Every line of the cash flow in the latest annual report, as filed.2
| Period ending | 2026-03-31 | 2025-03-31 |
|---|---|---|
| Net Income / (loss) | $3.5M | -$21.6M |
| Depreciation and amortization expense | $837.0K | $1.4M |
| Impairment Loss | $0 | $1.7M |
| Stock-based compensation expense | $293.0K | $12.7M |
| Deferred tax expense / (benefit) | $173.0K | -$2.1M |
| Accrued income from long-term investments | -$239.0K | -$216.0K |
| Provision for expected credit loss | -$2.0M | $2.1M |
| Gain on lease termination | -$1.0K | -$29.0K |
| (Profit) / loss on sale of property and equipment | -$18.0K | $90.0K |
| Sundry balances written back | -$1.2M | -$699.0K |
| Impairment in value of investments | $1.0K | |
| Change in fair value of forward purchase agreement put option liability | $51.0K | -$4.6M |
| Change in fair value of derivative warrant liabilities | -$208.0K | -$738.0K |
| Gain on settlement of forward purchase agreement put option liability | -$581.0K | |
| Loss on issuance of shares against accounts payable | $342.0K | |
| Unrealized exchange (gain) / loss | -$181.0K | $44.0K |
| Sundry balances written off | $2.9M | $9.5M |
| Accounts receivable | -$3.3M | $261.0K |
| Prepaid expenses and other current assets | $2.3M | -$1.3M |
| Operating right-of-use assets | -$50.0K | -$3.5M |
| Other assets | -$858.0K | -$89.0K |
| Accounts payable | $2.7M | $3.7M |
| Accrued compensation and related benefits, current | $1.3M | -$581.0K |
| Other current liabilities | -$1.2M | -$842.0K |
| Operating lease liabilities | $115.0K | $3.6M |
| Other liabilities | $1.9M | $425.0K |
| Net cash provided by/ (used in) operating activities | $6.8M | -$1.0M |
| Acquisition of property and equipment | -$1.1M | -$1.5M |
| Sale of property and equipment | $87.0K | $217.0K |
| Issuance of loans to affiliates | -$131.0K | -$1.4M |
| Payments received for loans to affiliates | $108.0K | $1.8M |
| Fixed Deposits placed with banks | -$609.0K | |
| Proceeds from maturities of fixed deposits placed with banks | $250.0K | |
| Payment made towards investment in wholly owned subsidiary | -$10.0K | |
| Net cash used in investing activities | -$1.4M | -$858.0K |
| Net repayment of short term borrowings | -$1.8M | -$405.0K |
| Payment of insurance financing liability | -$164.0K | -$491.0K |
| Proceeds from long-term debt | $1.5M | |
| Repayment of long-term debt | -$131.0K | -$1.8M |
| Payment of finance lease obligations | -$176.0K | -$335.0K |
| Payment of deferred transaction costs | -$40.0K | -$20.0K |
| Payment of FPA liabilities | -$100.0K | |
| Proceeds from issuance of Class A ordinary shares, net of issuance cost | $4.7M | |
| Proceeds from issuance of subsidiary shares pursuant to MSOP agreement | $7.0K | |
| Payment for purchase of treasury shares | -$580.0K | -$724.0K |
| Net cash (used in) / provided by financing activities | -$3.0M | $2.4M |
| Effect of exchange rate changes on cash and cash equivalents | -$223.0K | $115.0K |
| Net increase in cash and cash equivalents | $2.1M | $680.0K |
| Cash paid for interest | $346.0K | $910.0K |
| Cash paid for income taxes, net of refunds | $1.3M | $2.5M |
| Equipment acquired under finance lease obligations | $134.0K | $117.0K |
| Property and equipment purchase included in accounts payable | $1.0K | |
| Settlement of accounts payable through issuance of Class A ordinary shares to vendors | $342.0K | |
| Issuance of common stock to vendor in lieu future services | $180.0K |
Former names
- Worldwide Webb Acquisition Corp.Apr 2, 2021 to Nov 7, 20233
Recent filings
- Sep 22, 20264
- Sep 22, 2026SCHEDULE 13D/A
- Aug 10, 202610-Q
- Aug 10, 20268-K
- Aug 7, 20268-K
- Jul 30, 2026424B3
- Jul 30, 2026EFFECT
- Jul 21, 2026POS AM
- Jul 1, 2026SCHEDULE 13D/A
- Jun 30, 20264
- Jun 12, 20268-K
- Jun 10, 20268-K
- Jun 8, 202610-K
- Jun 8, 20268-K
- Jun 8, 2026S-8
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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