AERT · Aeries Technology, Inc. · Financials
Substantial doubt about the company's ability to continue as a going concern.
“In connection with the Company's assessment of going concern considerations, management has identified conditions that raise substantial doubt about the Company's ability to continue as a going concern.”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.”
Key customers — 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.”
Key customers — 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.”
Key customers — 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 from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | FY2027 (G) | TTM | FY2026 | FY2025 | FY2024 | FY2022 |
|---|---|---|---|---|---|---|
| $80M – $84M | $76.6M | $70.01M | $70.2M | $72.51MG | — | |
| — | $324K | $318K | $326K | $275K | — | |
| — | $56.7M | $52.72M | $53.48M | $50.87M | — | |
| — | $19.9M | $17.3M | $16.72M | $21.64M | — | |
| — | — | 24.71% | 23.82% | 29.85% | — | |
| — | $12.84M | $12.78M | $45.49M | $18.65M | — | |
| — | $856K | $837K | $1.38M | $1.35M | — | |
| — | $12.84M | $12.78M | $45.49M | $18.65M | — | |
| — | $7.06M | $4.52M | -$28.77M | $2.99M | -$4.46M | |
| — | — | 6.45% | -40.98% | 4.12% | — | |
| — | $7.91M | $5.36M | -$27.39M | $4.34M | — | |
| — | $409K | $463K | $751K | $462K | — | |
| — | -$508K | $947K | $6.1M | $16.14M | — | |
| — | $6.55M | $5.47M | -$22.67M | $19.13M | — | |
| — | $2.54M | $1.99M | -$1.07M | $1.87M | — | |
| — | $3.09M | $2.83M | -$21.6M | $17.26M | $9.76M | |
| — | — | 4.04% | -30.76% | 23.8% | — | |
| — | $2.82M | $2.55M | -$19.71M | $15.66M | — | |
| — | $1.96M | $1.45M | -$20.05M | $15.5M | — | |
| USD/shares | — | $0.45 | $0.40 | -$3.68 | $7.28 | — |
| USD/shares | — | $0.41 | $0.40 | -$3.68 | $7.28 | — |
| shares | — | — | 6.04M | 5.39M | 1.94M | — |
| shares | — | — | 6.04M | 5.39M | 1.94M | — |
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Current operating lease liabilities | 2026-06-30 | USD 1,304,000 | 10-Q filed 2026-08-10 |
| Long-term debt, including current maturities | 2026-06-30 | USD 885,000 | 10-Q filed 2026-08-10 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
| |||
| Noncurrent operating lease liabilities | 2026-06-30 | USD 5,796,000 | 10-Q filed 2026-08-10 |
| Short-term borrowings | 2026-06-30 | USD 3,275,000 | 10-Q filed 2026-08-10 |
Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.
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
Valuation over time computed as of each quarter's filing date
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 |