v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Mar. 31, 2025
Current assets    
Cash and cash equivalents $ 8,921 $ 10,145
Accounts receivable, net (including unbilled receivable of $5,622 and $3,520) 19,750 15,633
Government subsidies receivable 288 1,485
Prepaid expenses and other current assets 1,984 1,700
Inventories 44
Total current assets 30,943 29,007
Non-current assets    
Property and equipment, net 9,362 9,686
Right of use assets 1,824 2,114
Goodwill 402 391
Intangible assets, net 2
Total assets 42,531 41,200
Current liabilities    
Accounts payable and accrued expenses 10,803 10,330
Notes payable-current portion 10,145 8,481
Lease liabilities-current portion 1,429 1,595
Income tax liabilities 404 461
Total current liabilities 22,781 20,867
Non-current liabilities    
Notes payable-long term (including convertible note payable of $2,000 and nil) 6,155 4,331
Lease liabilities-long term 822 1,068
Deferred tax liability 237 255
Total liabilities 29,995 26,521
Commitments and contingencies
Shareholders’ Equity    
Common Stock, 38,417,987 and 38,417,987 shares issued and outstanding as of March 31, 2026 and 2025, respectively, 23,961 23,961
Additional paid-in capital 924 924
Accumulated other comprehensive income 1,787 995
Accumulated deficit (13,428) (10,991)
Total Primech Holdings Limited shareholders’ equity 13,274 14,889
Non-controlling interests (738) (210)
Total shareholders’ equity 12,536 14,679
Total liabilities and shareholders’ equity 42,531 41,200
Class B Preference Shares    
Shareholders’ Equity    
Class B Preference Shares 3,000,000 and nil shares issued and outstanding as of March 31, 2026 and 2025, respectively, $ 30