Aeries Technology, Inc., a prominent partner to private-equity-backed enterprises in building and scaling Global Capability Centers (GCCs), has released its Fiscal Year 2025 earnings report. The company held its Annual Fiscal Year 2025 Earnings and Business Update Conference Call, where CEO Ajay Khare and CFO Daniel Webb discussed the full-year results, strategic progress, and the outlook for Fiscal Year 2026.
Financial Highlights
The company reported a revenue of $70.2 million for FY 2025. North American revenue saw a 15% year-over-year increase, reaching $65.5 million and accounting for 93.3% of the total revenue mix. Core Adjusted EBITDA exceeded guidance, coming in at $7.4 million, surpassing the prior range of $6–7 million. However, the company faced an adjusted EBITDA loss of $(4.7) million, an operating loss of $(28.8) million, and a net loss of $(21.6) million. These losses were primarily attributed to one-time items that are not expected to recur in 2026.
Business and Operational Highlights
Aeries Technology has sharpened its focus on its core GCC franchise, serving private equity-backed companies in North America, and has wound down its legacy operations in the Middle East. The company launched an AI-Centric GCC Framework, integrating intelligent automation and generative-AI agents, and has already scaled a 300-plus-member GCC for a flagship healthcare client. Additionally, Aeries signed engagements with a global cybersecurity provider and a sustainability-focused SaaS leader to establish multi-country GCCs in India and Mexico.
Strategic Initiatives and Corporate Developments
The company has strengthened its go-to-market team by appointing a Chief Growth and Strategy Officer to deepen private-equity relationships. Aeries also reported a year-end liquidity of $2.8 million in cash and $1.1 million of long-term debt.
Management’s Perspective
CEO Ajay Khare stated, “FY2025 was a pivotal year for Aeries. We made intentional decisions to sharpen our strategy and focus. That meant doubling down on our core business—helping Private Equity-backed companies with a presence in North America build and scale Global Capability Centers (GCCs)—and stepping away from lower-value, non-core geographies. We are no longer operating in the Middle East consulting markets, have completed all associated write-offs, and significantly tightened our cost structure. Those legacy issues are now behind us.”
CFO Daniel Webb added, “We believe 2026 is on track to be our best year yet. We’re seeing strong traction with new clients and our cost structure is now leaner. AI-led transformation is gaining pace, and our modular agents are already active in client environments.”
Future Outlook
Aeries Technology has re-affirmed its Fiscal 2026 outlook, projecting revenue between $74 million and $80 million and adjusted EBITDA between $6 million and $8 million.
SEC Filing: Aeries Technology, Inc. [ AERT ] – 8-K – Jul. 03, 2025
