Aeries Technology Delivers $70M Revenue, $8.3M Adjusted EBITDA Exceeding Guidance
AERT•Aeries Technology posted fiscal 2026 revenue of $70 million and net income of $3.5 million versus a $21.6 million loss a year earlier, while generating $6.8 million in operating cash flow. Adjusted EBITDA reached $8.3 million (11.9% margin), above the $7–8 million guidance range.
1. Fiscal 2026 Financial Performance
Aeries reported $70 million in revenue for the year ended March 31, 2026, with operating income of $4.5 million reversing a $28.8 million loss in 2025. Net income was $3.5 million versus a $21.6 million loss a year earlier, and adjusted EBITDA totaled $8.3 million, yielding an 11.9% margin above the raised guidance range.
2. Operating Cash Flow Improvement
The company generated $6.8 million in operating cash flow during fiscal 2026 compared to $1.0 million of cash usage in the prior year. This marked the fourth consecutive quarter of positive operating cash flow, underscoring improved operational efficiency.
3. Reiterated FY2027 Guidance
Management reaffirmed revenue targets of $80 million to $84 million and adjusted EBITDA guidance of $10 million to $12 million for fiscal 2027, reflecting confidence in its signed contract portfolio and ongoing client expansions.
4. Strategic and Operational Initiatives
Throughout the year, Aeries expanded its Mexico delivery presence and deepened Global Capability Center engagements across North America, India and Mexico. The firm also launched the AI-enabled AeriesOne A1 GCC Platform to drive automation, scalability and real-time decision-making across client transformations.
