XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Revenue, net $ 17,359 $ 16,873 $ 32,688 $ 33,540
Cost of revenue 12,337 13,298 23,888 25,955
Gross profit 5,022 3,575 8,800 7,585
Operating expenses        
Selling, general & administrative expenses 3,037 7,670 5,995 28,100
Total operating expenses 3,037 7,670 5,995 28,100
Income / (loss) from operations 1,985 (4,095) 2,805 (20,515)
Other income / (expense)        
Change in fair value forward purchase agreement put option liability (360) 1,377 895 681
Change in fair value of derivative warrant liabilities (240) (126) (217) 631
Interest income 76 88 148 167
Interest expense (94) (135) (263) (282)
Other income / (expense), net 69 59 77 78
Total other income / (expense), net (549) 1,263 640 1,275
Income / (loss) before income taxes 1,436 (2,832) 3,445 (19,240)
Income tax (expense) / benefit (794) 526 (1,125) 1,617
Net income / (loss) 642 (2,306) 2,320 (17,623)
Less: Net income / (loss) attributable to noncontrolling interests 128 (90) 190 (596)
Less: Net income / (loss) attributable to redeemable noncontrolling interests 273 (26) 375 (16)
Net income / (loss) attributable to shareholders’ of Aeries Technology Inc. $ 241 $ (2,190) $ 1,755 $ (17,011)
Weighted average shares outstanding of Class A ordinary shares, basic 47,309,264 44,356,074 47,231,373 41,121,826
Weighted average shares outstanding of Class A ordinary shares diluted 47,309,264 44,356,074 47,231,373 41,121,826
Basic net income / (loss) per Class A ordinary share $ 0.01 $ (0.05) $ 0.04 $ (0.42)
Diluted net income / (loss) per Class A ordinary share $ 0.01 $ (0.05) $ 0.04 $ (0.42)