The flat revenue and lack of EPS or subscription metrics make this a neutral read for the warrant. The FY2027 guidance implies ~17% revenue growth at the midpoint, but execution risk remains given the flat FY2026 top line. Monitor the Q1 FY2027 10-Q for signs of revenue acceleration.
Price Chart
Executive Summary
Aeries Technology reported fiscal year 2026 revenue of $70 million, essentially flat year-over-year ($70.2M in FY2025), but swung to net income of $3.5M from a $(21.6M) loss. Adjusted EBITDA of $8.3M exceeded the raised guidance range of $7M-$8M, and operating cash flow turned positive at $6.8M. The company reiterated its FY2027 guidance of $80M-$84M revenue and $10M-$12M Adjusted EBITDA, but the flat revenue and lack of EPS or subscription metrics limit the bullish read-through for the warrant ticker.
Key Financial Metrics
Key Facts
- FY2026 revenue was $70.0M, essentially flat vs $70.2M in FY2025 (-0.3% YoY).
- Net income swung to $3.5M from a $(21.6M) loss in FY2025.
- Adjusted EBITDA was $8.3M (11.9% margin), above the raised guidance range of $7M-$8M.
- Operating cash flow was $6.8M positive, vs $(1.0M) used in FY2025.
- FY2027 guidance reiterated: revenue $80M-$84M, Adjusted EBITDA $10M-$12M.
- Cash and cash equivalents ended at $4.9M, up from $2.8M at FY2025 year-end.
- Shareholders' deficit improved to $(3.0M) from $(6.1M) at FY2025 year-end.
Financial Impact
Revenue flat YoY at ~$70M; net income positive $3.5M vs loss of $(21.6M); Adjusted EBITDA $8.3M vs $(4.7M).
Risk Factors
- Revenue was flat YoY at $70M, indicating no organic growth in FY2026.
- Shareholders' deficit remains at $(3.0M) with accumulated deficit of $(28.9M).
- The company is a micro-cap with a $1M market cap, making the stock highly volatile and illiquid.
- Forward-looking guidance is aspirational and may not materialize.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001829126-26-006126 |
| Document: aeriestech_8k.htm | 0001829126-26-006126 |
| Document: 0001829126-26-006126-index-headers.html | 0001829126-26-006126 |
| Document: 0001829126-26-006126-index.html | 0001829126-26-006126 |
| Document: 0001829126-26-006126.txt | 0001829126-26-006126 |
| 8-K Data (Synthetic) | 0001829126-26-006126 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 10, 2026 19w ago | 8-K | $0.0201 $0.0163 | ▼ −18.91% | ▼ −25.08% | — |
Jun 8, 2026 20w ago | 8-K | $0.0203 $0.0198 | ▼ −2.46% | ▼ −5.97% | — |
Apr 3, 2026 29w ago | 8-K | $0.0199 $0.0200 | ▼ −0.50% | ▲ +12.97% | — |
US Market Status
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