Aeries Technology, Inc. ( (AERT) ) has released its Q3 earnings. Here is a breakdown of the information Aeries Technology, Inc. presented to its investors.
Aeries Technology, Inc. is a prominent provider of Global Capability Center solutions, focusing on delivering tailored advisory and value creation services primarily to private equity-backed companies. The company leverages advanced technologies to offer flexible, impact-driven solutions across its operations.
In its latest earnings report for the third fiscal quarter of 2025, Aeries Technology highlighted a notable increase in North American revenue by 13.1% year-over-year. Despite this regional growth, overall quarterly revenues decreased by 6.8% from the previous year. The quarter concluded with a net income of $2.0 million, a significant improvement from a net loss of $16.3 million in the same period of the previous year.
Key financial metrics revealed that the company’s core adjusted EBITDA rose to $1.5 million from a slight deficit in the previous year. However, adjusted EBITDA presented a negative figure of $2.0 million, reflecting ongoing challenges outside of core activities. The company attributed part of its financial turnaround to strategic leadership changes and a realigned cost structure aimed at sustainable growth.
Looking ahead, Aeries Technology management has reiterated its revenue guidance for fiscal year 2025, forecasting between $71 million and $73 million, alongside a core adjusted EBITDA ranging from $6 million to $7 million. For fiscal year 2026, they anticipate revenues between $74 million and $80 million, with plans to further strengthen their North American market presence.