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Aeries Technology, Inc. (AERT)

For the quarter ending 2025-06-30, AERT made $15,330K in revenue. $1,512K in net income. Net profit margin of 9.86%.

Overview

Revenue
$15,330K
Net Income
$1,512K
Net Profit Margin
9.86%
EPS
$0.03
Unit: Thousand (K) dollars
Revenue Breakdown
    • North America
    • Asia Pacific

Unit: Thousand (K) dollars (except for numbers of shares and EPS)
2025-06-30
2024-12-31
2024-09-30
2024-06-30
Revenue, net15,330 17,607 16,873 16,667
Cost of revenue11,552 13,565 13,298 12,657
Gross profit3,778 4,042 3,575 4,010
Selling, general & administrative expenses2,958 9,199 7,670 20,430
Total operating expenses2,958 9,199 7,670 20,430
Income / (loss) from operations820 -5,157 -4,095 -16,420
Gain on settlement of forward purchase agreement put option liability- 581 - -
Other income / (expense), net7 236 59 19
Interest income72 83 88 79
Interest expense170 226 135 147
Change in fair value of forward purchase agreement put option liability1,255 5,091 1,377 -696
Change in fair value of derivative warrant liabilities23 - -126 757
Total other income / (expense), net1,187 5,765 1,263 12
Income / (loss) before income taxes2,007 608 -2,832 -16,408
Income tax (expense) / benefit331 -1,440 -526 -1,091
Net income / (loss)1,676 2,048 -2,306 -15,317
Less net income / (loss) attributable to noncontrolling interests62 -383 -90 -506
Net income / (loss) attributable to redeemable noncontrolling interests102 -622 -26 10
Net income / (loss) attributable to shareholders of aeries technology inc1,512 3,053 -2,190 -14,821
Basic net income / (loss) per class a ordinary share0.03 0.08 -0.05 -
Diluted net income / (loss) per class a ordinary share0.03 0.08 -0.05 -0.39
Weighted average shares outstanding of class a ordinary shares diluted47,152,626 44,516,659 44,356,074 37,852,036
Weighted average shares outstanding of class a ordinary shares, basic47,152,626 44,516,659 44,356,074 37,852,036
Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement

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Asia Pacific$1,929K North America$13,401K Revenue, net$15,330K (-8.02%↓ Y/Y)Gross profit$3,778K (-5.79%↓ Y/Y)Change in fair value ofderivative warrant...$23K (-96.96%↓ Y/Y)Change in fair value offorward purchase...$1,255K (280.32%↑ Y/Y)Cost of revenue$11,552K (-8.73%↓ Y/Y)Interest income$72K (-8.86%↓ Y/Y)Other income /(expense), net$7K (-63.16%↓ Y/Y)Income / (loss) fromoperations$820K (104.99%↑ Y/Y)Total other income /(expense), net$1,187K (9791.67%↑ Y/Y)Total operatingexpenses$2,958K (-85.52%↓ Y/Y)Interest expense$170K (15.65%↑ Y/Y)Income / (loss) beforeincome taxes$2,007K (112.23%↑ Y/Y)Selling, general &administrative expenses$2,958K (-85.52%↓ Y/Y)Net income / (loss)$1,676K (110.94%↑ Y/Y)Income tax (expense) /benefit$331K (130.34%↑ Y/Y)Net income / (loss)attributable to shareholders...$1,512K (110.20%↑ Y/Y)Net income / (loss)attributable to redeemable...$102K (920.00%↑ Y/Y)Less net income /(loss) attributable to...$62K (112.25%↑ Y/Y)