"Our renewed focus on profitable growth, backed by robust cash flow expectations and stringent cost controls enhances Aeries' ability to achieve sustained success."
— Daniel Webb
03Detailed Report
AERT
Aeries Technology Inc
Period
Q3 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 24, 2026
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Executive Summary
In the third fiscal quarter of 2025, Aeries Technology Inc witnessed a mixed performance, reflecting both challenges and opportunities as the company navigated its transformation strategy under new leadership. Total revenues decreased by approximately 6.8% year-over-year to $17.6 million, although North American revenues alone rose by 13.1%, indicating a successful shift in focus towards core markets that now comprise 93% of revenue. Meanwhile, net income improved substantially from a loss of $16.3 million in the previous year to a profit of $2 million this quarter, signaling both operational tightening and effective cost management efforts. However, operating losses remained significant at $5.2 million, demonstrating the need for continued cost optimization as the company aims to achieve cash flow positivity soon.
Key Performance Indicators
Revenue
Decreasing
17.61M
QoQ: 4.35% | YoY: -6.83%
Gross Profit
Decreasing
4.04M
22.96% margin
QoQ: 13.06% | YoY: -33.15%
Operating Income
Decreasing
-5.16M
QoQ: -25.93% | YoY: -803.55%
Net Income
Increasing
3.05M
QoQ: 239.41% | YoY: 118.60%
EPS
Increasing
0.08
QoQ: 261.94% | YoY: 107.48%
Revenue Trend
Margin Analysis
Financial Highlights
Financial Performance Overview
- Revenue: $17.6 million, down 6.8% YoY, despite North American revenue of $16.4 million growing by 13.1% YoY
- Gross Profit: $4.0 million; Gross Margin: 23.0% (down from last year)
- Operating Income: $-5.2 million; Operating Income Ratio: -29.3%
- Net Income: $2.0 million, a turnaround from a net loss of $16.3 million YoY
- EPS: $0.08, reflecting a significant improvement over previous losses
- Cash Position: $2.4 million with long-term debt at $1.5 million
Quarterly Trends
- Revenue improved by 4.35% QoQ, suggesting stabilization after prior declines, with operational focus shifting successfully towards North American clients.
- Management indicated that cost-saving initiatives are contributing positively to both the bottom line and operational health, essential for the company's transformation plan.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
17.61M
-6.83%
4.35%
Gross Profit
4.04M
-33.15%
13.06%
Operating Income
-5.16M
-803.55%
-25.93%
Net Income
3.05M
118.60%
239.41%
EPS
0.08
107.48%
261.94%
Key Financial Ratios
Gross Profit Margin
Fair
23.00%
Gross profit margin is moderate, room for improvement in cost management
Operating Profit Margin
Weak
-0.29%
Operating margin is below industry norms, profitability concerns
Net Profit Margin
Good
17.30%
Net profit margin is healthy and competitive within industry standards
Return on Assets
Fair
6.02%
Return on assets is acceptable but below top-tier companies
Return on Equity
Weak
4.41%
Return on equity suggests inefficient capital allocation
Current Ratio
Concern
0.70
Current ratio below safe levels, potential liquidity risk
Debt to Equity
High Risk
26.61
Debt-to-equity indicates high leverage and elevated financial risk
P/E Ratio
Value
3.39x
P/E ratio suggests potential undervaluation or stable earnings
Price to Book
High Premium
59.83x
Very high premium suggests asset-light business model or lofty expectations
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