Primech Holdings Ltd. (PMEC) Income Statement
PMEC FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsPMEC revenue and net income
Where PMEC's revenue goes
FY2026Each bar shows an amount and its share of revenue. PMEC kept −3.1% of revenue as net income.
PMEC profit margins
PMEC growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.9% | +4.2% | +10.2% | — |
| Gross profit | −55.1% | −9.5% | −8.7% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PMEC quarterly EPS vs estimates
Primech beat the analyst EPS estimate in 0 of the last 1 quarters. Next report: November 4, 2026.
PMEC income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Revenue | $78.0M | $74.3M | $72.5M | $69.0M | $54.4M | $48.1M | $47.8M |
| Cost of revenue | $70.1M | $56.8M | $59.9M | $58.4M | $44.6M | $35.7M | $42.2M |
| Gross profit | $7.9M | $17.5M | $12.6M | $10.6M | $9.8M | $12.4M | $5.6M |
| Sales, general & admin | $12.7M | $15.1M | $12.4M | $9.9M | $8.8M | $6.7M | $4.8M |
| Total operating expenses | $12.9M | $18.2M | $15.4M | $12.3M | $10.6M | $6.6M | $4.7M |
| Operating income | −$5.0M | −$684,000 | −$2.8M | −$2.1M | −$1.2M | $5.8M | $730,337 |
| Interest expense | $672,000 | $789,000 | $1.1M | $723,298 | $369,219 | $202,519 | $234,781 |
| Income before taxes | −$2.6M | −$1.8M | −$3.7M | −$2.6M | −$1.1M | $5.6M | $495,556 |
| Income taxes | $366,000 | $456,000 | −$493,000 | −$10,127 | $164,268 | $219,317 | $185,793 |
| Net income | −$2.4M | −$1.9M | −$3.2M | −$2.5M | −$1.2M | $5.4M | $309,763 |
| EBITDA | −$1.5M | $3.0M | $1.3M | $1.8M | $2.3M | $8.4M | $2.6M |
| EPS (diluted) | −$0.06 | −$0.05 | −$0.09 | −$0.08 | −$0.04 | $0.17 | $0.01 |
| Gross margin | 10.1% | 23.6% | 17.4% | 15.4% | 18.1% | 25.8% | 11.7% |
| Operating margin | −6.4% | −0.9% | −3.8% | −3.0% | −2.2% | 12.0% | 1.5% |
| Net margin | −3.1% | −2.6% | −4.5% | −3.7% | −2.3% | 11.2% | 0.6% |
| Jun '26 | Sep '25 | Jun '25 | Sep '24 | Jun '24 | Sep '23 | Mar '23 | Sep '22 | Mar '22 | Sep '21 | Mar '21 | Sep '20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $39.9M | $38.1M | $37.4M | $36.9M | $37.4M | $35.2M | $36.3M | $32.7M | $28.2M | $26.2M | $25.4M | $22.7M |
| Cost of revenue | $34.8M | $32.7M | $26.9M | $30.0M | $31.5M | $31.0M | $34.2M | $31.1M | $25.8M | $24.3M | $25.4M | $21.4M |
| Gross profit | $5.1M | $5.4M | $10.5M | $7.0M | $5.9M | $4.1M | $2.1M | $1.6M | $2.4M | $1.9M | −$37,842 | $1.3M |
| Total operating expenses | $7.5M | $8.0M | $8.8M | $9.4M | $10.1M | $5.4M | $5.8M | $4.2M | $4.8M | $4.1M | $4.0M | $2.1M |
| Operating income | −$2.4M | −$2.6M | $1.7M | −$2.4M | −$4.2M | −$1.2M | −$3.7M | −$2.7M | −$2.4M | −$2.1M | −$4.0M | −$816,410 |
| Interest expense | $388,000 | $284,000 | $368,000 | $421,000 | $624,415 | $520,584 | $457,344 | $265,954 | $187,775 | $181,444 | $97,969 | $104,550 |
| Income before taxes | −$1.4M | −$1.2M | −$419,000 | −$1.3M | −$3.5M | −$215,486 | −$706,366 | −$1.9M | −$1.5M | $408,487 | $738,326 | $4.8M |
| Income taxes | $572,000 | −$206,000 | $459,000 | −$3,000 | −$46,144 | −$446,856 | −$13,716 | $3,589 | $161,093 | $3,175 | $220,505 | −$1,188 |
| Net income | −$1.6M | −$806,000 | −$755,000 | −$1.2M | −$3.5M | $223,818 | −$697,291 | −$1.8M | −$1.6M | $405,312 | $517,821 | $4.8M |
| EBITDA | −$2.4M | −$2.6M | −$51,000 | −$924,000 | −$2.8M | $427,184 | $1.7M | $152,793 | $241,498 | $2.1M | $2.3M | $6.2M |
| EPS (diluted) | — | — | −$0.02 | — | — | — | — | — | — | — | — | — |
| Gross margin | 12.8% | 14.1% | 28.2% | 18.9% | 15.8% | 11.8% | 5.8% | 4.8% | 8.4% | 7.3% | −0.1% | 5.6% |
| Operating margin | −6.0% | −6.8% | 4.6% | −6.5% | −11.2% | −3.4% | −10.2% | −8.1% | −8.6% | −8.2% | −15.9% | −3.6% |
| Net margin | −4.1% | −2.1% | −2.0% | −3.2% | −9.3% | 0.6% | −1.9% | −5.6% | −5.8% | 1.5% | 2.0% | 21.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PMEC's financial statements (latest annual report filed July 29, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PMEC financial results
In fiscal year 2026 (ended March 31, 2026), Primech reported revenue of $78.0 million, up 4.9% from the year before. It had a net loss of $2.4 million, a net profit margin of −3.1%. Diluted earnings per share came to −$0.06. Over five years revenue grew at an average rate of 10.2% a year.
See the PMEC stock overview for the latest quote and news, or the PMEC chart for price history and technical indicators.
PMEC income statement FAQ
What is Primech's annual revenue?
Primech reported total revenue of $78.0 million for fiscal year 2026, which ended on March 31, 2026. That was up 4.9% from $74.3 million the previous year.
Is Primech profitable?
No. Primech reported a net loss of $2.4 million in fiscal 2026, a net profit margin of −3.1%; its operating margin was −6.4%.
What is Primech's gross margin?
Primech's gross margin was 10.1% in fiscal 2026: for every $100 of revenue, Primech kept $10 after the direct cost of its products and services.
How fast is Primech growing?
Revenue grew 10.2% a year on average over the last five fiscal years, from $48.1 million to $78.0 million.
What are Primech's earnings per share?
Primech earned $-0.06 per diluted share in fiscal 2026, compared with $-0.05 a year earlier.
When will Primech report its next earnings?
Primech is expected to report results for the quarter ending September 30, 2026 on November 4, 2026.
When does Primech's fiscal year end?
Primech's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on July 29, 2026.