AERT · Aeries Technology, Inc.
Substantial doubt about the company's ability to continue as a going concern.
“We have identified conditions and events that raise substantial doubt about our ability to continue as a going concern, including obligations under the FPAs and the termination of a significant customer contract.”View the 10-Q filed Aug 10, 2026
5 customers — 57% of revenue (fiscal years ended March 31, 2026, and March 31, 2025)
“Our top five clients accounted for 57% of our revenue for the fiscal years ended March 31, 2026, and March 31, 2025, respectively.”
3 customers — 16% of revenue (fiscal year ended March 31, 2026)
“In the fiscal year ended March 31, 2026, we had three clients, each contributing more than 10% of our revenue, which were 16%, 12% and 11% respectively.”
One customer — 12% of revenue (fiscal year ended March 31, 2026)
“In the fiscal year ended March 31, 2026, we had three clients, each contributing more than 10% of our revenue, which were 16%, 12% and 11% respectively.”
One customer — 11% of revenue (fiscal year ended March 31, 2026)
“In the fiscal year ended March 31, 2026, we had three clients, each contributing more than 10% of our revenue, which were 16%, 12% and 11% respectively.”
2 customers — 21% of revenue (fiscal year ended March 31, 2025)
“In the fiscal year ended March 31, 2025, we had two clients, each contributing more than 10% of our revenue, which were 21% and 12% respectively.”
One customer — 21% of revenue (fiscal year ended March 31, 2025)
“In the fiscal year ended March 31, 2025, we had two clients, each contributing more than 10% of our revenue, which were 21% and 12% respectively.”
One customer — 12% of revenue (fiscal year ended March 31, 2025)
“In the fiscal year ended March 31, 2025, we had two clients, each contributing more than 10% of our revenue, which were 21% and 12% respectively.”
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | FY2027 (G) | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|---|---|
| $80M – $84M | $76.6M | $70.01MG | $70.2M | $72.51MG | $53.1M | — | — | |
| — | $324K | $318K | $326K | $275K | $191K | — | — | |
| — | $56.7M | $52.72M | $53.48M | $50.87M | $39.44M | — | — | |
| — | $19.9M | $17.3M | $16.72M | $21.64M | $13.66M | — | — | |
| — | — | 24.71% | 23.82% | 29.85% | 25.72% | — | — | |
| — | $12.84M | $12.78M | $45.49M | $18.65M | $11.33M | — | — | |
| — | — | $837K | $1.38M | $1.35M | $1.17M | — | — | |
| — | $12.84M | $12.78M | $45.49M | $18.65M | $11.33M | — | — | |
| — | $7.06M | $4.52M | -$28.77M | $2.99M | $2.33M | -$4.46M | -$279.25K | |
| — | — | 6.45% | -40.98% | 4.12% | 4.39% | — | — | |
| — | — | $5.36M | -$27.39M | $4.34M | $3.5M | — | — | |
| — | $409K | $463K | $751K | $462K | $185K | — | — | |
| — | -$508K | $947K | $6.1M | $16.14M | $435K | — | — | |
| — | $6.55M | $5.47M | -$22.67M | $19.13M | $2.77M | — | — | |
| — | $2.54M | $1.99M | -$1.07M | $1.87M | $1.06M | — | — | |
| — | $3.09M | $2.83M | -$21.6M | $17.26M | $1.71M | $9.76M | -$2.63M | |
| — | — | 4.04% | -30.76% | 23.8% | 3.21% | — | — | |
| — | $2.82M | $2.55M | -$19.71M | $15.66M | $1.45M | — | — | |
| — | $1.96M | $1.45M | -$20.05M | $15.5M | $741K | — | — | |
| USD/shares | — | — | $0.40 | -$3.68 | $7.28 | — | — | — |
| USD/shares | — | — | $0.40 | -$3.68 | $7.28 | — | — | — |
| shares | — | — | 6.04M | 5.39M | 1.94M | — | — | — |
| shares | — | — | 6.04M | 5.39M | 1.94M | — | — | — |
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Geography (USD)
| Component | FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| North America | $62,873,000 | $65,486,000 | $56,958,000 | $48,204,000 |
| Asia Pacific | $7,141,000 | $4,712,000 | $15,551,000 | $4,895,000 |