Aeries Technology FY2026 Revenue $70M; Net Income Turns Positive
Aeries Technology, Inc. announced its financial results for the fiscal year ended March 31, 2026. The company reported revenue of $70 million and a significant turnaround in profitability, with net income of $3.5 million and income from operations of $4.5 million, compared to losses in the prior year. Adjusted EBITDA exceeded guidance at $8.3 million, and the company achieved its fourth consecutive quarter of positive operating cash flow. Aeries also reiterated its financial outlook for fiscal year 2027, projecting revenue between $80 million and $84 million and Adjusted EBITDA between $10 million and $12 million. The company highlighted strategic progress, including the launch of its AeriesOne A1 GCC Platform with AI-enabled automation.
Key Highlights
- Aeries Technology reported FY2026 revenue of $70 million, a slight decrease of 0.2% YoY.
- Income from operations improved significantly to $4.5 million in FY2026 from a loss of $28.8 million in FY2025.
- Net income turned positive at $3.5 million in FY2026, compared to a net loss of $21.6 million in FY2025.
- Adjusted EBITDA for FY2026 was $8.3 million, exceeding the company's guidance range of $7 million to $8 million.
- Operating cash flow was positive at $6.8 million in FY2026, marking the fourth consecutive quarter of positive operating cash flow.
- The company reiterated its FY2027 outlook, expecting revenue between $80 million and $84 million, and Adjusted EBITDA between $10 million and $12 million.
Price Impact
More from AERT