Armlogi Holding Corp. (BTOC) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 20, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-K for FY2026, filed Sep 28, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BTOC SEC filings page.
Armlogi Holding Corp. (BTOC) reported $185.8M in revenue for fiscal year 2026, down 2.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue remains near its peak, but collapsing margins and shrinking equity show a business losing operating cushion.
Revenue reached$190.4M in FY2025 but slipped to$185.8M in FY2026, while operating losses widened; that combination points to deteriorating unit economics rather than a simple volume slowdown. Gross margin fell from19.1% in FY2023 to0.2% in FY2026, so near-flat revenue is no longer producing the contribution that supported earlier profitability.
The margin shape is the clearest operating signal: gross margin nearly vanished, while SG&A rose to
Financing pressure intensified as total liabilities were
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Armlogi Holding Corp.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Armlogi Holding Corp. has an operating margin of -11.6%, meaning the company loses $12 on every $100 of revenue. This results in a profitability score of 16/100. This is down from -9.3% the prior year.
Armlogi Holding Corp.'s revenue declined 2.4% year-over-year, from $190.4M to $185.8M. This contraction results in a growth score of 52/100.
Armlogi Holding Corp. has elevated debt relative to equity (D/E of 15.31), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 3/100, reflecting increased financial risk.
Armlogi Holding Corp.'s current ratio of 0.44 is below the typical benchmark, resulting in a score of 3/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Armlogi Holding Corp.'s operations used $5.1M of cash, and capex of $1.8M added to the outflow, for a free cash flow shortfall of $7.0M. This results in a cash flow score of 20/100.
Armlogi Holding Corp. posts a -260.4% return on equity (ROE), meaning it loses $260 for every $100 of shareholders' equity. This results in a returns score of 10/100. This is down from -61.2% the prior year.
Armlogi Holding Corp. scores 0.55, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Armlogi Holding Corp. passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Armlogi Holding Corp. reported a net loss of $20.9M while operations used $5.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Armlogi Holding Corp. generated $43.1M in revenue in Q4 2026. This represents a decrease of 15.3% from the same quarter a year earlier. Against the prior quarter it is up 3.5%.
Armlogi Holding Corp.'s EBITDA was -$4.7M in Q4 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 50.3% from the same quarter a year earlier. Against the prior quarter it is down 8.5%.
Armlogi Holding Corp. reported -$5.4M in net income in Q4 2026. This represents a decrease of 2.9% from the same quarter a year earlier. Against the prior quarter it is down 7.3%.
Armlogi Holding Corp. earned -$0.12 per diluted share (EPS) in Q4 2026. This represents an increase of 7.7% from the same quarter a year earlier. Against the prior quarter it is down 9.1%.
Cash & Balance Sheet
Armlogi Holding Corp. recorded an outflow of $675K in free cash flow in Q4 2026, representing a cash shortfall after capex. This represents a decrease of 109.9% from the same quarter a year earlier. Against the prior quarter it is up 70.2%.
Armlogi Holding Corp. held $2.2M in cash as of Q4 2026; long-term debt is not reported for that period.
Not reported for Q4 2026.
Margins & Returns
Armlogi Holding Corp.'s gross margin was 12.8% in Q4 2026, indicating the percentage of revenue retained after direct costs. This is up 13.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 17.3 percentage points.
Armlogi Holding Corp.'s operating margin was -12.9% in Q4 2026, reflecting core business profitability. This is down 5.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.4 percentage points.
Armlogi Holding Corp.'s net profit margin was -12.6% in Q4 2026, showing the share of revenue converted to profit. This is down 2.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.4 percentage points.
Armlogi Holding Corp.'s ROE was -67.9% in Q4 2026, measuring profit generated per dollar of shareholder equity. This is down 46.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 30.2 percentage points.
Capital Allocation
Armlogi Holding Corp. invested $1.1M in capex in Q4 2026, funding long-term assets and infrastructure. This represents an increase of 255.7% from the same quarter a year earlier. Against the prior quarter it is up 598.6%.
Not reported for Q4 2026.
Not reported for Q4 2026.
BTOC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $43.1M-15.3% | $41.7M-9.1% | $51.5M+0.8% | $49.5M+16.5% | $50.9M+12.5% | $45.8M+19.3% | $51.1M+21.8% | $42.5M+3.0% |
| Cost of Revenue | $37.6M-26.4% | $43.5M-4.4% | $52.3M+3.3% | $52.0M+12.7% | $51.1M+17.6% | $45.6M+29.8% | $50.7M+47.6% | $46.1M+28.0% |
| Gross Profit | $5.5M+3679.6% | -$1.9M-770.7% | -$770K-259.5% | -$2.5M+31.1% | -$155K-108.4% | $278K-91.6% | $483K-93.7% | -$3.6M-169.0% |
| SG&A Expenses | $11.1M+186.4% | $3.3M-25.7% | $3.3M+25.2% | $4.2M+14.9% | $3.9M+107.1% | $4.5M+36.8% | $2.7M-8.9% | $3.7M+92.3% |
| Operating Income | -$5.6M-37.8% | -$5.2M-23.7% | -$4.1M-88.4% | -$6.7M+7.9% | -$4.0M-24668.8% | -$4.2M-7767.7% | -$2.2M-145.7% | -$7.3M-319.3% |
| EBITDA | -$4.7M-50.3% | -$4.3M-22.9% | -$3.2M-112.2% | -$5.9M+11.0% | -$3.1M-817.8% | -$3.5M-653.0% | -$1.5M-128.2% | -$6.7M-277.5% |
| Income Tax | N/A | N/A | $20K+125.7% | -$3K+99.8% | N/A | N/A | -$76K-105.2% | -$1.4M-231.0% |
| Net Income | -$5.4M-2.9% | -$5.1M-35.0% | -$3.9M-132.6% | -$6.5M-40.0% | -$5.3M-2138.0% | -$3.8M-650.4% | -$1.7M-144.3% | -$4.6M-268.7% |
| EPS (Basic) | -$0.12+7.7% | -$0.11-22.2% | -$0.08-100.0% | -$0.15-36.4% | -$0.13-1400.0% | -$0.09-550.0% | -$0.04-144.4% | -$0.11-257.1% |
| EPS (Diluted) | -$0.12+7.7% | -$0.11-22.2% | -$0.08-100.0% | -$0.15-36.4% | -$0.13 | -$0.09-550.0% | -$0.04-144.4% | -$0.11-257.1% |
| Diluted Shares (Avg) | N/A | 45M+8.9% | 45M+9.1% | 42M+2.0% | N/A | 42M+4.3% | 42M+4.1% | 42M+4.1% |
Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.
BTOC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $130.7M-23.2% | $143.7M-19.3% | $153.1M-6.5% | $156.3M-0.7% | $170.2M+1.9% | $178.0M+4.3% | $163.7M | $157.5M |
| Current Assets | $20.0M-46.9% | $24.8M-37.5% | $29.2M-32.0% | $29.2M-7.7% | $37.7M-0.8% | $39.7M-1.8% | $42.9M | $31.7M |
| Cash & Equivalents | $2.2M-75.9% | $2.7M-52.6% | $5.0M-1.5% | $6.5M+120.8% | $9.2M+16.5% | $5.6M+41.3% | $5.1M+3.3% | $2.9M-56.2% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $122.7M-15.4% | $130.3M-11.9% | $134.5M+3.1% | $134.0M+9.0% | $145.1M+13.6% | $147.9M+7.6% | $130.5M | $122.9M |
| Current Liabilities | $45.6M-0.4% | $45.8M+6.9% | $45.0M+11.8% | $40.3M+18.8% | $45.8M+38.9% | $42.8M+17.3% | $40.2M | $33.9M |
| Non-Current Liabilities | $77.1M-22.4% | $84.5M-19.5% | $89.6M-0.8% | $93.7M+5.3% | $99.3M+4.8% | $105.1M+4.1% | $90.3M | $89.0M |
| Total Equity | $8.0M-68.1% | $13.5M-55.4% | $18.5M-44.2% | $22.4M-35.3% | $25.1M-36.1% | $30.2M-9.3% | $33.2M+2.5% | $34.6M+22.8% |
| Retained Earnings | -$12.5M-247.9% | -$7.0M-151.2% | -$1.9M-111.2% | $1.9M-90.0% | $8.4M-64.6% | $13.7M-41.7% | $17.5M | $19.1M |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
BTOC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $379K-94.7% | -$2.1M-158.9% | -$1.5M+73.9% | -$1.9M+46.6% | $7.1M+838.6% | $3.6M+681.6% | -$5.6M-1396.5% | -$3.6M-218.0% |
| Depreciation & Amortization | $935K-1.4% | $897K+27.9% | $934K+36.4% | $779K+26.1% | $949K+71.8% | $702K+21.6% | $685K+27.3% | $617K+42.4% |
| Capital Expenditures | $1.1M+255.7% | $151K-71.1% | $581K-19.1% | $56K-95.9% | $296K-86.1% | $523K+295.8% | $717K-60.2% | $1.4M+18.2% |
| Free Cash Flow | -$675K-109.9% | -$2.3M-173.8% | -$2.0M+67.7% | -$2.0M+60.0% | $6.8M+320.3% | $3.1M+837.2% | -$6.3M-362.6% | -$5.0M-359.1% |
| Investing Cash Flow | -$772K-182.2% | -$76K+85.5% | $239K-22.2% | $1.3M+200.0% | -$273K+90.1% | -$523K+28.6% | $308K+117.2% | -$1.3M+39.2% |
| Financing Cash Flow | -$132K+95.1% | -$179K+82.7% | -$182K-102.4% | -$2.1M-5810.4% | -$2.7M-134.9% | -$1.0M-48.8% | $7.7M+27690.4% | -$36K-103.8% |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
BTOC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 12.8%+13.2pp | -4.5%-5.1pp | -1.5%-2.4pp | -5.0%+3.5pp | -0.3%-4.4pp | 0.6%-8.0pp | 0.9%-17.3pp | -8.5%-21.2pp |
| Operating Margin | -12.9%-5.0pp | -12.4%-3.3pp | -8.0%-3.7pp | -13.6%+3.6pp | -7.9%-7.9pp | -9.2%-9.3pp | -4.3%-15.6pp | -17.1%-25.2pp |
| Net Margin | -12.6%-2.2pp | -12.2%-4.0pp | -7.5%-4.3pp | -13.2%-2.2pp | -10.4%-10.9pp | -8.2%-10.0pp | -3.2%-12.2pp | -10.9%-17.6pp |
| Return on Equity | -67.9%-46.8pp | -37.7%-25.2pp | -20.8%-15.8pp | -29.1%-15.6pp | -21.1%-21.7pp | -12.4%-14.5pp | -5.0%-16.6pp | -13.4%-23.2pp |
| Return on Assets | -4.2%-1.0pp | -3.5%-1.4pp | -2.5%-1.5pp | -4.2%-1.2pp | -3.1%-3.3pp | -2.1%-2.5pp | -1.0% | -2.9% |
| Current Ratio | 0.44-0.4x | 0.54-0.4x | 0.65-0.4x | 0.73-0.2x | 0.82-0.3x | 0.93-0.2x | 1.07 | 0.93 |
| Debt-to-Equity | 15.31+9.5x | 9.68+4.8x | 7.26+3.3x | 5.99+2.4x | 5.78+2.5x | 4.90+0.8x | 3.93 | 3.55 |
| Asset Turnover | 0.330.0x | 0.290.0x | 0.340.0x | 0.320.0x | 0.300.0x | 0.260.0x | 0.31 | 0.27 |
| FCF Margin | -1.6%-14.9pp | -5.4%-12.1pp | -4.0%+8.4pp | -4.0%+7.7pp | 13.4%+20.2pp | 6.7%+5.8pp | -12.4%-9.1pp | -11.7%-16.3pp |
Note: The current ratio is below 1.0 (0.44), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Armlogi Holding Corp. BTOC | FY2026 | $185.8M | -$20.9M | -11.2% | $8.0M | 17/100 |
| Shengfeng Development Limited SFWL | FY2025 | $572.5M | $11.9M | 2.1% | $40.7M | 60/100 |
| Freightos Limited CRGO | FY2025 | $29.5M | -$17.5M | -59.5% | $39.6M | 34/100 |
| BingEx Limited FLX | FY2025 | $570.9M | $15.6M | 2.7% | $110.4M | 38/100 |
| Proficient Auto Logistics, Inc. PAL | FY2025 | N/A | -$36.0M | N/A | $81.1M | — |
| Jayud Global Logistics Limited JYD | FY2025 | $85.5M | -$5.1M | -5.9% | $12.1M | 34/100 |
Where Armlogi Holding Corp. Ranks
Frequently Asked Questions
What is Armlogi Holding Corp.'s annual revenue?
Armlogi Holding Corp. (BTOC) reported $185.8M in total revenue for fiscal year 2026. This represents a -2.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Armlogi Holding Corp.'s revenue growing?
Armlogi Holding Corp. (BTOC) revenue declined by 2.4% year-over-year, from $190.4M to $185.8M in fiscal year 2026.
Is Armlogi Holding Corp. profitable?
No, Armlogi Holding Corp. (BTOC) reported a net income of -$20.9M in fiscal year 2026, with a net profit margin of -11.2%.
What is Armlogi Holding Corp.'s EBITDA?
Armlogi Holding Corp. (BTOC) had EBITDA of -$18.0M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is Armlogi Holding Corp.'s gross margin?
Armlogi Holding Corp. (BTOC) had a gross margin of 0.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Armlogi Holding Corp.'s operating margin?
Armlogi Holding Corp. (BTOC) had an operating margin of -11.6% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Armlogi Holding Corp.'s net profit margin?
Armlogi Holding Corp. (BTOC) had a net profit margin of -11.2% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Armlogi Holding Corp.'s return on equity (ROE)?
Armlogi Holding Corp. (BTOC) has a return on equity of -260.4% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Armlogi Holding Corp.'s free cash flow?
Armlogi Holding Corp. (BTOC) recorded an outflow of $7.0M in free cash flow during fiscal year 2026. This represents a -388.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Armlogi Holding Corp.'s operating cash flow?
Armlogi Holding Corp. (BTOC) recorded an outflow of $5.1M in operating cash flow during fiscal year 2026, representing cash used by core business activities.
What are Armlogi Holding Corp.'s total assets?
Armlogi Holding Corp. (BTOC) had $130.7M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Armlogi Holding Corp.'s capital expenditures?
Armlogi Holding Corp. (BTOC) invested $1.8M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Armlogi Holding Corp.'s current ratio?
Armlogi Holding Corp. (BTOC) had a current ratio of 0.44 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.
What is Armlogi Holding Corp.'s debt-to-equity ratio?
Armlogi Holding Corp. (BTOC) had a debt-to-equity ratio of 15.31 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Armlogi Holding Corp.'s return on assets (ROA)?
Armlogi Holding Corp. (BTOC) had a return on assets of -16.0% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Armlogi Holding Corp.'s P/E ratio?
Armlogi Holding Corp. (BTOC) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2026). The market capitalization is $8.0M as of Oct 20, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Armlogi Holding Corp.'s price-to-sales ratio?
Armlogi Holding Corp. (BTOC) trades at 0.0x sales, its market capitalization divided by revenue of $185.8M revenue, FY2026. The market capitalization is $8.0M as of Oct 20, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Armlogi Holding Corp.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2026, Armlogi Holding Corp. (BTOC) held $2.2M in cash, cash equivalents and investments, and reported an operating cash outflow of $5.1M over that year. Dividing the one by the other, the reported balance equals about 5 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Armlogi Holding Corp.'s Altman Z-Score?
Armlogi Holding Corp. (BTOC) has an Altman Z-Score of 0.55, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Armlogi Holding Corp.'s Piotroski F-Score?
Armlogi Holding Corp. (BTOC) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Armlogi Holding Corp.'s earnings high quality?
Armlogi Holding Corp. (BTOC) reported a net loss of $20.9M while operations used $5.1M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Armlogi Holding Corp.?
Armlogi Holding Corp. (BTOC) scores 17 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.