Aeries Technology (AERT) AI Stock Analysis

• Market Cap: $28.31M
• Dividend Yield: N/A
• Average Volume (3M): 643.58K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.73
• Revenue Growth: -3.87%
• EPS Growth: -104.63%
• Country: US
• Employees: 1,700
• Sector: Industrials
• Sector Strength: 72
• Industry: Consulting Services
• EPS (TTM): <0.01
• Shares Outstanding: 48,853,810
• 10 Day Avg. Volume: 132,326
• 30 Day Avg. Volume: 643,581
• PEG Ratio: <0.01
• Price to Book (P/B): -4.31
• Price to Sales (P/S): 0.36
• P/FCF Ratio: -10.02
• Enterprise Value/Market Cap: 1.52
• Enterprise Value/Revenue: 0.62
• Enterprise Value/Gross Profit: 2.41
• Enterprise Value/Ebitda: 24.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 39 Underperform
• Price Target: $0.53 ▲(1.54% Upside)

Aeries Technology faces significant financial challenges, with high leverage and negative equity impacting its stability. The technical indicators suggest a bearish trend, and the negative P/E ratio reflects poor valuation. The recent Nasdaq delisting notice further exacerbates the risk profile, making the stock a high-risk investment.

Positive Factors

Innovative Product Development

The successful implementation of AI-driven solutions in healthcare demonstrates Aeries' capability to innovate and adapt, enhancing its competitive edge and opening new market opportunities.

Strategic Partnerships

Strategic partnerships enhance Aeries' offerings and market reach, providing a durable competitive advantage through expanded capabilities and customer base.

Recurring Revenue Model

The subscription-based revenue model ensures a steady stream of recurring income, contributing to financial stability and predictability over the long term.

Negative Factors

High Leverage and Negative Equity

High leverage and negative equity indicate financial instability, potentially limiting Aeries' ability to invest in growth and weather economic downturns.

Nasdaq Delisting Risk

The risk of delisting from Nasdaq could reduce market visibility and investor confidence, impacting Aeries' ability to raise capital and execute strategic initiatives.

Weak Cash Flow Generation

Weak cash flow generation relative to net income suggests operational inefficiencies, potentially hindering Aeries' ability to fund operations and growth initiatives.

Aeries Technology Business Overview & Revenue Model

Company Description

Aeries Technology, Inc. operates as a professional services and consulting partner in the United States and internationally. The company offers management consultancy services for private equity sponsors and their portfolio companies, including software solutions, product management, IT infrastructure, information and cyber security, ERP and CRM platform management, business process management, and digital transformation services. The company was founded in 2012 and is based in Orem, Utah.

How the Company Makes Money

Aeries Technology generates revenue through multiple streams, primarily by selling its software and hardware products to businesses in diverse industries. The company employs a subscription-based model for its cloud-based applications, providing customers with ongoing access to updates and support, which ensures a steady stream of recurring revenue. Additionally, AERT earns income through the sale of IoT devices and related services, as well as through strategic partnerships with other technology firms that enhance its product offerings. These collaborations often result in co-branded solutions or bundled services that appeal to a broader customer base. Furthermore, AERT may engage in consulting and implementation services, which provide additional revenue opportunities by helping clients optimize their technology investments.

Aeries Technology Financial Statement Overview

Summary

Aeries Technology is experiencing financial instability with significant fluctuations in revenue and profitability. The high leverage and negative equity position pose risks, while cash flow challenges further complicate the financial outlook. The company must focus on improving operational efficiency and financial stability to enhance its financial health.

Income Statement

Aeries Technology has shown significant volatility in its income statement metrics. The TTM data indicates a positive net profit margin of 1.50%, but the EBIT margin is negative, reflecting operational challenges. Revenue growth in the TTM is strong at 70.6%, but this follows a decline in the previous annual period. The company needs to stabilize its operational efficiency to improve profitability.

Balance Sheet

The balance sheet reveals a concerning financial structure with negative stockholders' equity and a high debt-to-equity ratio of -5.43 in the TTM. This indicates high leverage and potential financial instability. The return on equity is negative, reflecting challenges in generating returns for shareholders.

Cash Flow

Cash flow analysis shows inconsistent performance. The TTM free cash flow growth is negative, and the operating cash flow to net income ratio is low at 0.04, indicating weak cash generation relative to net income. The company needs to improve its cash flow management to support operations and growth.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	69.35M	70.20M	72.51M	53.10M	41.01M
Gross Profit	17.93M	16.72M	21.64M	13.66M	12.01M
EBITDA	1.80M	-20.53M	21.34M	4.12M	7.59M
Net Income	1.04M	-19.71M	15.66M	1.45M	4.03M
Balance Sheet
Total Assets	40.48M	39.83M	49.41M	34.40M	18.86M
Cash, Cash Equivalents and Short-Term Investments	1.87M	2.76M	2.08M	1.13M	351.00K
Total Debt	16.71M	17.86M	16.37M	8.80M	1.99M
Total Liabilities	43.13M	45.94M	50.59M	20.93M	10.17M
Stockholders Equity	-2.90M	-5.80M	-12.24M	12.19M	7.56M
Cash Flow
Free Cash Flow	47.00K	-2.49M	-5.82M	511.00K	1.51M
Operating Cash Flow	1.18M	-1.01M	-4.30M	2.11M	3.16M
Investing Cash Flow	-804.00K	-858.00K	-1.74M	-1.56M	-437.00K
Financing Cash Flow	-2.15M	2.43M	7.06M	252.00K	-3.54M

Aeries Technology Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.52
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AERT, the sentiment is Positive. The current price of 0.52 is below the 20-day moving average (MA) of 0.54, below the 50-day MA of 0.57, and below the 200-day MA of 0.72, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.61 is Neutral, neither overbought nor oversold. The STOCH value of 74.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AERT.

Aeries Technology Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VCIG	73 Outperform	$3.70M	―	―	―	―	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
FC	58 Neutral	$239.95M	-175.13	-2.08%	―	-7.02%	-86.27%
RGP	52 Neutral	$147.07M	-1.09	-61.44%	6.74%	-10.83%	-1669.11%
FORR	42 Neutral	$152.02M	-1.78	-43.39%	―	-8.73%	-1168.15%
AERT	39 Underperform	$28.31M	-26.81	―	―	-3.87%	-104.63%

Aeries Technology Corporate Events

Aeries Technology Extends Equity Forward Sale Agreement Period

On December 31, 2025, Aeries Technology, Inc. amended a prior letter agreement with Sandia Investment Management LP that governs the sale of Aeries’ Class A ordinary shares held by Sandia under an existing OTC Equity Prepaid Forward Transaction and related forward purchase arrangements. The amendment extends the period during which Sandia may sell these shares at a minimum price of $1.05 per share, with proceeds offsetting Aeries’ payment obligations under the forward purchase structure, moving the end date from December 31, 2025 to January 9, 2026 while leaving all other terms unchanged, a limited adjustment that slightly lengthens the window for managing Aeries’ obligations and Sandia’s share disposals without altering the broader financing framework.

The most recent analyst rating on (AERT) stock is a Sell with a $0.53 price target. To see the full list of analyst forecasts on Aeries Technology stock, see the AERT Stock Forecast page.