Earnings Releases·Nov 12, 2026, 6:03 AM ET

Aeries Technology — Second Quarter Fiscal 2027 Earnings Summary

Second-quarter revenue grew 4.5% year over year to $18.1 million, while first-half revenue rose 23% to $40.1 million, including $2.7 million from a Q1 customer buyout.
First-half net income increased to $3.6 million from $2.3 million, and operating cash flow surged 98% to $4.7 million, though second-quarter Adjusted EBITDA declined to $2.1 million (11.6% margin) from $2.6 million.
The company reaffirmed full-year 2027 guidance of $80–$84 million in revenue and $10–$12 million in Adjusted EBITDA.
Strategic initiatives advanced with the September 2026 launch of the AxAI agentic AI solution alongside continued development of the AeriesOne enterprise platform.
Balance sheet improvements included a reduction in total current liabilities to $26.55 million and a decrease in total shareholders' deficit to $1.449 million as of September 30, 2026.