Stocktoria
Aeries Technology, Inc. AERT
Nasdaq · XNAS · stock · Services-Management Consulting Services · website · IPO 2021-10-20
Chart by TradingView
6/9
Piotroski F — financial health
-2.66
Altman Z″ — distress risk · distress
—
Dividend payout · no dividend
Financials & ratios (annual, from 10-K)
| Metric | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Financials | |||||
| Revenue | $70.0M | $70.2M | $72.5M | $53.1M | — |
| Gross profit | $17.3M | $16.7M | $21.6M | $13.7M | — |
| Operating income | $4.5M | -$28.8M | $3.0M | $2.3M | -$4.5M |
| Net income | $2.8M | — | — | $1.7M | $9.8M |
| Operating cash flow | $6.8M | -$1.0M | -$4.3M | $2.1M | -$446,617 |
| Free cash flow | $5.7M | -$2.5M | -$5.8M | $511,000 | — |
| Total assets | $41.9M | $39.8M | $49.4M | $34.4M | $235.1M |
| Total liabilities | $44.5M | $45.9M | $50.6M | $20.9M | $5.0M |
| Shareholders' equity | -$3.0M | -$6.1M | -$1.9M | $13.5M | $11.3M |
| Ratios | |||||
| Gross margin | 24.7% | 23.8% | 29.8% | 25.7% | — |
| Operating margin | 6.5% | -41.0% | 4.1% | 4.4% | — |
| Net margin | 4.0% | — | — | 3.2% | — |
| FCF margin | 8.1% | -3.6% | -8.0% | 1.0% | — |
| Return on assets | 6.8% | — | — | 5.0% | 4.2% |
| Return on equity | -93.3% | — | — | 12.7% | 86.4% |
| Debt / equity | -0.29× | -0.18× | -0.75× | 0.07× | — |
| Current ratio | 0.78 | 0.66 | 0.86 | 1.64 | 0.09 |
| Revenue growth | -0.3% | -3.2% | 36.6% | — | — |
Why these scores methodology →
Piotroski F-score: 6/9
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″: -2.66 (distress)
- Working capital / assets -0.162
- Retained earnings / assets -0.689
- EBIT / assets 0.108
- Equity / liabilities -0.068
Sector peers
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Source: SEC EDGAR filings · CIK 0001853044 · as of 2026-03-31. Figures are facts from filings plus Stocktoria's own computed scores — not investment advice.