Quarterly ResultJun 10, 2026, 08:32 AM
Aeries Technology Returns to Profitability in FY26; Adj. EBITDA $8.3M
AI Summary
Aeries Technology reported a significant financial turnaround for fiscal year 2026, returning to profitability with a net income of $3.5 million, a $25 million improvement year-over-year. The company exceeded its increased Adjusted EBITDA guidance, reaching $8.3 million, and achieved positive operating cash flow for the fourth consecutive quarter. Aeries also provided a positive outlook for fiscal year 2027, projecting revenue between $80 million and $84 million and Adjusted EBITDA between $10 million and $12 million, driven by accelerating demand for AI-embedded Global Capability Center models.
Key Highlights
- FY2026 Net Income was $3.5 million, a $25 million improvement from a $(21.6) million net loss in FY2025.
- FY2026 Adjusted EBITDA reached $8.3 million, exceeding guidance of $7.0 million to $8.0 million.
- Adjusted EBITDA margin expanded by 18.5 percentage points to 11.9% in FY2026.
- Revenue for fiscal year 2026 was $70.0 million.
- Operating cash flow improved to $6.8 million, up from $(1.0) million used in FY2025.
- SG&A expenses declined 72% year-over-year to $12.8 million.
- Fiscal year 2027 revenue guidance is $80 million to $84 million (approx. 17% growth).
- Fiscal year 2027 Adjusted EBITDA guidance is $10 million to $12 million (approx. 32% growth).
Price Impact
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