Aeries Technology, Inc. (NASDAQ: AERT) reported strong financial results for Q2 FY2026, with revenue at $17.36 million, up 3% YoY, net income of $0.64 million, and adjusted EBITDA of $2.55 million. The company achieved profitability, expanded relationships in private equity, and saw growth in AI-led global delivery solutions.
For the six months ended September 30, 2025, Aeries reported net income of $2.32 million, adjusted EBITDA of $3.59 million, and net cash provided by operating activities of $2.39 million. These results represent the strongest first half in Aeries’ history, driven by AI-enabled delivery and nearshore operations.
Aeries is transitioning from a turnaround phase to a growth phase, focusing on AI platforms, India-Mexico delivery model, and private equity expansion. Q2 saw new client additions across various markets, indicating increased demand for GCC builds, AI modernization, and automation. The company plans to close additional client opportunities in Q3.
During Q2, Aeries expanded operations in India and Mexico, signed a multi-million-dollar AI partnership, launched an AI-powered content automation solution, celebrated a 10-year client partnership, and delivered over $20 million in client savings through the GCC model in Mexico. These achievements showcase Aeries’ scalable business model and value delivery to clients.
CEO Ajay Khare stated that Q2 marks the completion of the company’s turnaround and the beginning of a new phase of growth. CFO Daniel Webb highlighted the company’s profitability and positive cash flow in the first half and expects FY2026 Adjusted EBITDA of $6-8 million as new contracts ramp up in the second half.
Aeries will host a conference call on November 10, 2025, at 7:30 AM ET to discuss its financial results. Interested parties can access the call by dialing 1-877-407-0792 (domestic) or 1-201-689-8263 (international). The call transcript will be available on the company’s investor relations website. Founded in 2012, Aeries Technology is a global leader in AI-enabled value creation and business transformation for private equity portfolio companies. Adjusted EBITDA does not reflect cash expenditures, capital requirements, working capital changes, interest expenses, income tax payments, stock-based compensation costs, or M&A-related costs. Forward-looking statements include future operating results, business strategy, acquisitions, and key risks. Aeries Technology’s balance sheet shows $20,520 in current assets, $28,971 in current liabilities, and a total deficit of $2,978. Aeries Technology Inc. reported a net income of $642,000 for the three months ended September 30, 2025, compared to a loss of $2,306,000 in the same period in 2024. Revenue increased to $17,359,000 from $16,873,000. Operating expenses decreased to $3,037,000 from $7,670,000.
For the six months ended September 30, 2025, Aeries Technology Inc. reported a net income of $2,320,000, an improvement from a loss of $17,623,000 in the same period last year. Revenue totaled $32,688,000 compared to $33,540,000. Adjusted EBITDA for the period was $3,970,000, an increase from $18,380,000 in the previous year.
The company’s cash flow from operating activities for the six months ended September 30, 2025, was $2,394,000, an improvement from $205,000 in the same period in 2024. Cash and cash equivalents at the end of the period totaled $1,866,000, down from $3,627,000 at the beginning of the period.
Adjusted EBITDA margin for Aeries Technology Inc. improved to 14.7% for the three months ended September 30, 2025, compared to a negative margin of 13.6% in the same period last year. For the six months ended September 30, 2025, the adjusted EBITDA margin was 11.0%, an improvement from a negative margin of 5.6% in the previous year.
Read more at GlobeNewswire: Aeries Technology Extends Profitability in Q2 FY2026;