Aeries Technology’s QQ2 2026 results show modest revenue growth and a return to profitability on a quarterly basis, supported by a positive operating cadence and cash flow generation. Revenue for QQ2 2026 was $17.36 million, up 2.9% year-over-year and 13.2% quarter-over-quarter, with gross profit of $5.02 million and a gross margin of 28.93%. EBITDA stood at $1.99 million and net income reached $2.23 million, yielding an EPS of $0.047. Operating cash flow was $1.03 million and free cash flow was $1.28 million, underscoring improving cash generation amid ongoing capitalization needs.
Key Performance Indicators
Revenue
Increasing
17.36M
QoQ: 13.24% | YoY: 2.88%
Gross Profit
Increasing
5.02M
28.93% margin
QoQ: 32.93% | YoY: 40.48%
Operating Income
Increasing
1.99M
QoQ: 142.07% | YoY: 148.47%
Net Income
Increasing
2.23M
QoQ: 47.49% | YoY: 201.83%
EPS
Increasing
0.05
QoQ: 46.73% | YoY: 195.34%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue: $17.359 million; YoY growth: 2.88%; QoQ growth: 13.24%; Gross Profit: $5.022 million; Gross Margin: 28.93%; Operating Income: $1.985 million; Operating Margin: 11.43%; EBITDA: $1.985 million; Net Income: $2.230 million; Net Margin: 12.85%; EPS: $0.0471; Weighted Avg Shares: 47.309 million; Operating Cash Flow: $1.025 million; Free Cash Flow: $1.284 million; Cash at End of Period: $1.867 million; Total Assets: $40.48 million; Total Liabilities: $43.13 million; Stockholders’ Equity: -$2.91 million; Total Debt: $15.78 million; Net Debt: $13.91 million; Accounts Receivable: $11.29 million; Cash Balance: $1.87 million; Key liquidity metrics indicate modest liquidity with a levered balance sheet and a need to reduce net debt over time.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
17.36M
2.88%
13.24%
Gross Profit
5.02M
40.48%
32.93%
Operating Income
1.99M
148.47%
142.07%
Net Income
2.23M
201.83%
47.49%
EPS
0.05
195.34%
46.73%
Key Financial Ratios
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