XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Mar. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,866 $ 2,764
Accounts receivable, net of allowance of $3,521 and $3,574 as of September 30, 2025, and March 31, 2025, respectively 11,287 10,982
Prepaid expenses and other current assets, net of allowance of $0 and $0, as of September 30, 2025, and March 31, 2025, respectively 7,367 7,581
Total current assets 20,520 21,327
Property and equipment, net 1,728 1,570
Operating right-of-use assets 10,953 9,602
Deferred tax assets 4,017 4,064
Long-term investments, net of allowance of $74 and $76, as of September 30, 2025, and March 31, 2025, respectively 1,879 1,830
Other assets 1,382 1,440
Total assets 40,479 39,833
Current liabilities:    
Accounts payable 7,409 8,154
Accrued compensation and related benefits, current 1,989 2,432
Operating lease liabilities, current 3,342 2,543
Short-term borrowings 4,374 6,504
Forward purchase agreement put option liability 4,139 5,034
Other current liabilities 7,718 7,753
Total current liabilities 28,971 32,420
Long term debt 936 1,096
Operating lease liabilities, noncurrent 8,061 7,483
Derivative warrant liabilities 845 629
Deferred tax liabilities 254 139
Other liabilities 4,066 4,170
Total liabilities 43,133 45,937
Commitments and contingencies (Note 10)    
Redeemable noncontrolling interest 324 (42)
Shareholders’ equity / (deficit)    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding
Net shareholders’ investment and additional paid-in capital 28,416 27,203
Less: Common Stock held in treasury at cost; 1,285,392 shares as on September 30, 2025, and 1,285,392 shares as on March 31, 2025 (724) (724)
Accumulated other comprehensive loss (975) (908)
Accumulated deficit (29,627) (31,380)
Total Aeries Technology, Inc. shareholders’ equity / (deficit) (2,905) (5,804)
Noncontrolling interest (73) (258)
Total shareholders’ equity / (deficit) (2,978) (6,062)
Total liabilities, redeemable noncontrolling interest and shareholders’ equity / (deficit) 40,479 39,833
Common Class A [Member]    
Shareholders’ equity / (deficit)    
Common stock, value 5 5
Common Class V [Member]    
Shareholders’ equity / (deficit)    
Common stock, value