Filing Flows › Aeries Technology (AERT) › Q3 FY25
Aeries Technology (AERT) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Feb 14, 2025
Aeries Technology (AERT) reported revenue of $17.6M for the third quarter fiscal 2025 (Q3 FY25), -7% from a year earlier and +4% from the quarter before. Operating margin was -29.3%, net earnings $2.0M (11.6% of revenue).
Aeries Technology, Q3 FY25: revenue $17.6M (-7% year over year), operating margin -29.3%, net earnings $2.0M, operating cash flow −$2.1M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.6M | +4% | -7% |
| Operating profit | −$5.2M | — | — |
| Net earnings | $2.0M | — | — |
| Operating cash flow | −$2.1M | — | — |
What changed
Revenue was $17.6M in Q3 FY25, down 7% year over year and up 4% from the previous quarter.
Gross margin was 23.0%, down 9.0 points from a year earlier. Operating costs exceeded revenue by $5.2M, an operating margin of -29.3%. Operating expenses grew 73% against a revenue fall of 7%. Net earnings were $2.7M ($2.0M including minority interests, which bore $622K of losses). The tax line was a benefit of $1.4M on pre-tax earnings of $608K. Non-operating items added $5.8M, 948% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$2.1M. Non-cash charges added back $348K of depreciation and amortization. Working capital and other items used $4.5M. Capital expenditures of $390K exceeded it, leaving free cash flow of −$2.5M.
Questions
What was Aeries Technology's revenue in the third quarter fiscal 2025?
Aeries Technology (AERT) reported revenue of $17.6M for the third quarter fiscal 2025 (Q3 FY25), -7% from a year earlier and +4% from the quarter before.
Was Aeries Technology profitable in the third quarter fiscal 2025?
Operating loss was $5.2M (-29.3% of revenue) and net earnings $2.0M.
Source: Aeries Technology 10-Q on SEC EDGAR.