PMEC

MKT CAP:$27M

Primech Holdings Ltd. Ordinary Shares

Market Cap

$27M

Industrials·Specialty Business Services·🇸🇬 Singapore·NASDAQ

Industrials·Specialty·🇸🇬·NASDAQ

Stock Price

$0.68-$0.41 (-37.61%)

Apr 22, 2026

Company Details

Primech Holdings Ltd. provides facilities and stewarding services in the public and private sectors in Singapore. Its facilities services include general cleaning and maintenance of public and private facilities, such as airports, conservan...

CEO

Kin Wai

IPO Date

Oct 9, 2023

Website

www.primechholdings.com

Key Metrics TTM

Revenue

$147M

+19.0% YoY

Net Income

-$5M

EPS (Diluted)

-$0.14

Free Cash Flow

-$3M

Revenue / Share

$3.82

Gross Margin

18.8%

Operating Margin

-4.1%

Net Margin

-3.5%

FCF Margin

-1.8%

P/S

0.2x

P/E

—

Earnings Reports

Q4 2025

Jul 24, 2025

$37M+0.1%EPS -$0.02

Q2 2025

Sep 29, 2024

$37M+5.1%EPS -$0.03

FY 2024

Jul 23, 2024

$73MEPS -$0.10

Q4 2024

Jul 23, 2024

$37M+2.8%EPS -$0.10

Q2 2024

Sep 28, 2023

$35M+7.5%EPS $0.01

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$23M	$1M	-$816.4K
Q4 21	$25M	-$37.8K	-$4M
Q2 22	$26M	$2M	-$2M
Q4 22	$28M	$2M	-$2M
Q2 23	$33M	$2M	-$3M
Q4 23	$36M	$2M	-$4M
Q2 24	$35M	$4M	-$1M
Q4 24	$37M	$6M	-$4M
Q2 25	$37M	$7M	-$2M
Q4 25	$37M	$11M	$2M

Valuation

Quarter	P/S	P/E
Q2 21	—	—
Q4 21	—	—
Q2 22	—	—
Q4 22	0.5x	11.5x
Q2 23	0.4x	—
Q4 23	0.4x	—
Q2 24	0.4x	—
Q4 24	0.3x	—
Q2 25	0.2x	—
Q4 25	0.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 21	$5M	$4M
Q4 21	-$1M	-$1M
Q2 22	$2M	-$823.2K
Q4 22	$3M	$3M
Q2 23	-$6M	-$7M
Q4 23	$3M	$2M

Capital Expenditures

Quarter	CapEx
Q2 21	$1M
Q4 21	$97.7K
Q2 22	$2M
Q4 22	$132.5K
Q2 23	$2M
Q4 23	$487.4K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 23	+44.1%	+50.4%
Q4 23	+43.1%	+36.0%
Q2 24	+34.0%	+28.1%
Q4 24	+32.5%	+35.7%
Q2 25	+13.0%	+11.3%
Q4 25	+3.0%	-10.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 21	$0	0.0%
Q4 21	$0	0.0%
Q2 22	$0	0.0%
Q4 22	$0	0.0%
Q2 23	$0	0.0%
Q4 23	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q2 21	$2M
Q4 21	$4M
Q2 22	$4M
Q4 22	$5M
Q2 23	$4M
Q4 23	$6M
Q2 24	$5M
Q4 24	$10M
Q2 25	$9M
Q4 25	$9M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 21	$7M	$0	$7M
Q2 22	$4M	$0	$4M
Q4 22	$5M	$0	$5M
Q2 23	$4M	$0	$4M
Q4 23	$9M	$0	$9M
Q2 24	$9M	$0	$9M
Q4 24	$8M	$0	$8M
Q2 25	$9M	$0	$9M
Q4 25	$10M	$0	$10M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	34M	—	—
Q4 21	33M	-4.5%	—
Q2 22	33M	0.0%	—
Q4 22	33M	0.0%	—
Q2 23	33M	0.0%	-4.5%
Q4 23	33M	0.0%	0.0%
Q2 24	33M	0.0%	0.0%
Q4 24	34M	+4.1%	+4.1%
Q2 25	37M	+9.2%	+13.7%
Q4 25	38M	+3.9%	+18.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	—	—
Q4 21	—	—
Q2 22	—	—
Q4 22	—	—
Q2 23	—	—
Q4 23	—	—
Q2 24	—	—
Q4 24	$13.6K	3K
Q2 25	$13.5K	3K
Q4 25	$13.3K	3K

Revenue / Employee