Armlogi Holding Corp. Announces Revenue Growth of 16.5% to $49.5 Million

Rhea-AI Summary

Armlogi Holding Corp. (Nasdaq: BTOC) reported first quarter fiscal 2026 results for the period ended September 30, 2025. Total revenue rose 16.5% to $49.5 million from $42.5 million a year earlier, driven by transportation and warehousing demand.

• Transportation revenue: $32.1M, +12.6%
• Warehousing revenue: $17.4M, +24.4%
• Gross loss improved to $2.5M (−5.0% of revenue) from $3.6M (−8.5%)
• Net loss widened to $6.5M, $(0.15) per share versus $4.6M, $(0.11) prior year
• Active customers: 607 (up from 505)
• Cash: $10.8M

Management highlighted a 10-location, ~3.9 million sq ft warehouse network, ongoing freight-cost pressures, and priorities to leverage the expanded network, improve gross margins, and pursue selective growth.

Positive

• Total revenue +16.5% to $49.5M
• Warehousing revenue +24.4% to $17.4M
• Active customers increased to 607 (from 505)
• Gross loss improved by 350 bps to (5.0%) of revenue

Negative

• Net loss widened to $6.5M, $(0.15) per share (vs $4.6M)
• Ongoing freight cost pressures from major carriers

Insights

Corporate Financial Strategist

Revenue growth and margin improvement coexist with a larger net loss and modest cash balance; operational execution will determine conversion to profit.

Armlogi shows clear top-line momentum: total revenue rose 16.5% to $49.5 million, with 24.4% warehousing growth to $17.4 million and transportation at $32.1 million. The company expanded active customers to 607 and added warehouse capacity (ten locations, ~3.9 million sq ft), which explains the revenue lift from new locations.

Profitability remains the hinge. Gross loss narrowed to $2.5 million ( 5.0% of revenue) from a larger prior loss, yet net loss widened to $6.5 million ( $(0.15) per share) from $4.6 million ( $(0.11) per share). Cash and equivalents of $10.8 million limit near-term flexibility and mean operational gains must continue to reach break-even.

Watch execution on three fronts over the next 12–18 months: sustaining higher utilization of the expanded warehouse footprint, converting gross margin gains into operating profit by controlling freight and SG&A, and customer-level retention/AR trends as the customer base grows. If margins keep improving while net losses shrink, the operational story strengthens; absent continued margin progress, the revenue growth remains high-cost expansion.

WALNUT, Calif., Nov. 13, 2025 (GLOBE NEWSWIRE) -- Armlogi Holding Corp. (“Armlogi” or the “Company”) (Nasdaq: BTOC), a U.S.-based warehousing and logistics service provider that offers a comprehensive package of supply-chain solutions related to warehouse management and order fulfillment, today announced financial results for its first quarter ended September 30, 2025 of fiscal year 2026.

First Quarter Fiscal Year 2026 Financial Highlights:

• Total revenue increased by 16.5% to $49.5 million for the first quarter of fiscal year 2026, compared to $42.5 million for the first quarter of fiscal year 2025, driven by continued strong demand for both transportation and warehousing services.
  
• Transportation services revenue grew 12.6% to $32.1 million, reflecting increased shipment volumes from new warehouse locations.
  
• Warehousing services revenue rose 24.4% to $17.4 million, driven by the expansion of the Company’s warehouse network.
  
• Gross loss improved to $2.5 million, or (5.0%) of revenue, in the first quarter of fiscal year 2025, compared to a gross loss of $3.6 million, or (8.5%) of revenue, in the first quarter of fiscal 2024, demonstrating progress despite continued freight cost pressures.
  
• Net loss was $6.5 million, or $(0.15) per basic and diluted share, for the first quarter of fiscal year 2026, compared to a net loss of $4.6 million, or $(0.11) per share, for the first quarter of fiscal year 2025.
  
• Active customer base expanded to 607 customers as of September 30, 2025, compared to 505 as of June 30, 2025.
  
• Cash, cash equivalents, and restricted cash totaled $10.8 million as of September 30, 2025.
  

Management Commentary

Aidy Chou, Chairman and CEO of Armlogi, said, "Our first quarter results show that our core business is still growing, with revenue up 16.5% year over year and improvement in our gross margin profile. We are especially happy with the 24% increase in revenue from our warehousing services, which shows that customers are using our expanded facilities and full range of logistics solutions.”

"Even though we are still addressing rising freight costs across the board, especially from big carriers like FedEx, we have made progress in diversifying our carrier relationships and setting more competitive prices. Our gross margin improved year over year, which we believe is indicative that our operational efforts are starting to yield results.”

"Our network of warehouses now includes ten locations and covers about 3.9 million square feet. We believe this positions us favorably to meet the growing needs of cross-border e-commerce merchants. Adding our Illinois facility has been especially important because it has increased our presence in the Midwest and made it easier for us to serve customers nationwide.”

Mr. Chou concluded, "Looking ahead, we will continue to focus on three main goals: making the most of our expanded warehouse network, improving our gross margin profile through operational efficiencies, and selectively pursuing growth opportunities that fit with our strategic vision. We believe Armlogi is well-positioned to deliver long-term value to our stockholders, thanks to our infrastructure and growing customer base.”

About Armlogi Holding Corp.

Armlogi Holding Corp., based in Walnut, CA, is a U.S.-based warehousing and logistics service provider that offers a comprehensive package of supply-chain solutions, including warehouse management and order fulfillment. The Company caters to cross-border e-commerce merchants looking to establish overseas warehouses in the U.S. market. With ten warehouses covering over three and a half million square feet, the Company offers comprehensive one-stop warehousing and logistics services. The Company’s warehouses are equipped with facilities and technology for handling and storing large and bulky items. Armlogi is a member of the Russell Microcap® Index. For more information, please visit www.armlogi.com.          

Forward-Looking Statements
This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to keep pace with new technology and changing market needs and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us.

Company Contact:
info@armlogi.com

Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com

*** tables follow ***

ARMLOGI HOLDING CORP. CONSOLIDATED BALANCE SHEETS AS OF SEPTEMBER 30, 2025 AND JUNE 30, 2025 (US$, except share data, or otherwise noted)
	September 30, 2025				June 30, 2025
	US$				US$
	Unaudited				Audited
Assets
Current assets
Cash		6,456,745				9,190,277
Accounts receivable and other receivable, net of credit loss allowance of $594,869 and $594,869		18,390,255				22,207,500
Other current assets		985,422				998,925
Prepaid expenses		1,667,446				1,375,646
Loan receivables		1,713,324				3,893,563
Total current assets		29,213,192				37,665,911
Non-current assets
Restricted cash – non-current		4,391,165				4,387,550
Long-term loan receivables		822,305				-
Property and equipment, net		10,646,576				11,259,820
Intangible assets, net		43,032				54,627
Right-of-use assets – operating leases		109,518,130				115,361,185
Right-of-use assets – finance leases		831,474				745,547
Other non-current assets		871,691				739,555
Total assets		156,337,565				170,214,195
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Current liabilities
Accounts payable and accrued liabilities		8,042,768				9,604,783
Contract liabilities		826,814				939,097
Accrued payroll liabilities		614,553				283,150
Convertible notes		-				5,292,749
Operating lease liabilities – current		30,348,333				29,280,907
Finance lease liabilities – current		447,338				386,327
Total current liabilities		40,279,806				45,787,013
Non-current liabilities
Operating lease liabilities – non-current		93,254,743				98,939,552
Finance lease liabilities – non-current		421,131				397,692
Total liabilities		133,955,680				145,124,257
Stockholders’ equity
Common stock, US$0.00001 par value, 100,000,000 shares authorized, 45,443,079 and 42,250,934 issued and outstanding as of September 30, 2025 and June 30, 2025, respectively		454				422
Additional paid-in capital		20,468,826				16,668,858
Retained earnings		1,912,605				8,420,658
Total stockholders’ equity		22,381,885				25,089,938
Total liabilities and stockholders’ equity		156,337,565				170,214,195

ARMLOGI HOLDING CORP. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024 (US$, except share data, or otherwise noted)
	For The Three Months Ended September 30, 2025				For The Three Months Ended September 30, 2024
	US$				US$
	Unaudited				Unaudited
Revenue		49,473,179				42,481,896
Costs of services		51,957,262				46,088,686
Gross loss		(2,484,083	)			(3,606,790	)
Operating costs and expenses:
General and administrative		4,217,306				3,668,825
Total operating costs and expenses		4,217,306				3,668,825
Loss from operations		(6,701,389	)			(7,275,615	)
Other (income) expenses:
Other income, net		(738,592	)			(1,205,665	)
Finance costs		548,345				9,008
Total other (income) expenses		(190,247	)			(1,196,657	)
Loss before provision for income taxes		(6,511,142	)			(6,078,958	)
Current income tax recovery		(3,089	)			(57,589	)
Deferred income tax recovery		-				(1,373,498	)
Total income tax recovery		(3,089	)			(1,431,087	)
Net loss		(6,508,053	)			(4,647,871	)
Total comprehensive loss		(6,508,053	)			(4,647,871	)
Basic & diluted net loss per share		(0.15	)			(0.11	)
Weighted average number of shares of common stock-basic and diluted		42,462,207				41,634,000

ARMLOGI HOLDING CORP. CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024 (UNAUDITED) (US$, except share data, or otherwise noted)
	For The Three Months Ended September 30, 2025				For The Three Months Ended September 30, 2024
	US$				US$
	Unaudited				Unaudited
Cash Flows from Operating Activities:
Net loss		(6,508,053	)			(4,647,871	)
Adjustments for items not affecting cash:
Depreciation of property and equipment and right-of-use financial assets		778,520				617,166
Amortization		11,595				8,829
Non-cash operating leases expense		1,225,671				2,682,178
Current estimated credit loss		-				126,936
Accretion of convertible notes		527,251				-
Deferred income taxes		-				(1,373,498	)
Interest income		(15,375	)			(33,736	)
Changes in operating assets and liabilities
Accounts receivable and other receivables		3,817,245				160,623
Other current assets		13,503				(250,770	)
Other non-current assets		(132,136	)			(106,085	)
Prepaid expenses		(291,799	)			316,745
Accounts payable & accrued liabilities		(1,574,944	)			(1,927,718	)
Contract liabilities		112,283				498,249
Income tax payable		-				(57,589	)
Accrued payroll liabilities		331,403				374,429
Net cash used in operating activities		(1,929,402	)			(3,612,112	)
Cash Flows from Investing Activities:
Purchase of property and equipment		(56,077	)			(1,353,297	)
Loan disbursement		(2,370,000	)			(1,000,000	)
Proceeds from loan repayments		3,743,309				1,036,705
Net cash provided by (used in) investing activities		1,317,232				(1,316,592	)
Cash Flows from Financing Activities:
Repayments of finance lease liabilities		(97,747	)			(35,831	)
Repayments of convertible notes		(2,020,000	)			—
Net cash used in financing activities		(2,117,747	)			(35,831	)
Net decrease in cash and cash equivalents and restricted cash		(2,729,917	)			(4,964,535	)
Cash and cash equivalents and restricted cash, beginning of the period		13,577,827				9,950,384
Cash and cash equivalents and restricted cash, end of the period		10,847,910				4,985,849

The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the Consolidated Balance Sheets that total the same amounts shown in the Consolidated Statements of Cash Flows:

Cash and cash equivalents		6,456,745				2,924,176
Restricted cash – non-current		4,391,165				2,061,673
Total cash and cash equivalents and restricted cash shown in the Consolidated Balance Sheet		10,847,910				4,985,849
Supplemental Disclosure of Cash Flows Information:
Non-cash Transactions:
Right-of-use assets acquired in exchange for finance lease liabilities		182,197				—
Shares issued for Investor Notices pursuant to Standby Equity Purchase Agreement		3,800,000				—

FAQ

What were Armlogi's total revenues for Q1 fiscal 2026 (Nasdaq: BTOC)?

Armlogi reported $49.5 million in total revenue for Q1 fiscal 2026, a 16.5% increase year over year.

How much did Armlogi's warehousing revenue grow in Q1 2026 (BTOC)?

Warehousing revenue rose 24.4% to $17.4 million in Q1 fiscal 2026.

What was Armlogi's net loss and EPS for Q1 fiscal 2026 (BTOC)?

Net loss was $6.5 million, or $(0.15) per basic and diluted share for Q1 fiscal 2026.

How did Armlogi's gross margin change in Q1 fiscal 2026 (BTOC)?

Gross loss improved to (5.0%) of revenue from (8.5%) a year earlier, a 350 basis-point improvement.

How many warehouses and how much space does Armlogi report as of Q1 2026 (BTOC)?

Management reported 10 warehouse locations covering about 3.9 million square feet as of the quarter.

How many active customers did Armlogi have at September 30, 2025 (BTOC)?

Armlogi reported 607 active customers as of September 30, 2025, up from 505 on June 30, 2025.