Armlogi Holding Corp. Announces Second Quarter and First Half of Fiscal Year 2026 Results

Rhea-AI Summary

Armlogi Holding Corp (Nasdaq: BTOC) reported fiscal 2026 second-quarter and six-month results for periods ended Dec 31, 2025. Q2 revenue was $51.5M, up 0.8% year-over-year, with a Q2 gross loss of $0.8M and net loss of $3.9M (−$0.08/share). Six-month revenue rose 7.9% to $101.0M, with a six-month net loss of $10.4M (−$0.24/share). Liquidity included cash and restricted cash of $9.4M as of Dec 31, 2025, and $3.8M raised from issuing 3,192,145 shares under a Standby Equity Purchase Agreement.

Management cited margin pressure from higher operational costs and plans for cost optimization and higher-margin service integration.

Positive

• Raised $3.8M by issuing 3,192,145 shares under SEPA
• Cash and restricted cash $9.4M as of Dec 31, 2025

Negative

• Six-month net loss $10.4M (−$0.24 per share), widened from $6.3M prior year
• Q2 gross loss $0.8M as costs of services exceeded revenue
• Q2 net loss $3.9M (−$0.08 per share), larger than prior-year quarter

Key Figures

Q2 FY2026 revenue: $51.5M Q2 cost of services: $52.3M Q2 net loss: $3.9M ($0.08/share) +5 more

8 metrics

Q2 FY2026 revenue $51.5M Three months ended December 31, 2025; up 0.8% year over year

Q2 cost of services $52.3M Three months ended December 31, 2025

Q2 net loss $3.9M ($0.08/share) Three months ended December 31, 2025

Six-month revenue $101.0M Six months ended December 31, 2025; up 7.9% year over year

Six-month net loss $10.4M ($0.24/share) Six months ended December 31, 2025

Q2 gross margin -1.5% Three months ended December 31, 2025; down from 0.9%

Cash and restricted cash $9.4M Balance as of December 31, 2025

SEPA equity raised $3.8M from 3,192,145 shares Standby Equity Purchase Agreement during six months ended December 31, 2025

Market Reality Check

Price: $0.4050 Vol: Volume 15874 versus 20-da...

low vol

$0.4050 Last Close

Volume Volume 15874 versus 20-day average of 27781 ahead of this earnings release. low

Technical Shares at 0.405, trading below the 200-day MA of 1.03 and 89.9% under the 52-week high.

Peers on Argus

BTOC was up 3.9% pre-release while peers were mixed: SFWL gained 2.18%, but CRGO...

BTOC was up 3.9% pre-release while peers were mixed: SFWL gained 2.18%, but CRGO, FLX, PAL, and JYD all declined. This points to stock-specific factors rather than a sector-wide move.

Previous Earnings Reports

5 past events · Latest: Sep 25 (Negative)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Sep 25	FY2025 results	Negative	+3.6%	FY2025 revenue growth but swing to net loss and negative margin.
May 14	Q3 FY2025 earnings	Negative	-7.1%	Q3 revenue growth offset by sharp margin decline and net loss.
Feb 14	Q2 FY2025 earnings	Negative	-9.3%	Q2 revenue up but costs surged, eroding margins and profitability.
Nov 15	Q1 FY2024 earnings	Negative	+8.5%	Higher revenue alongside negative gross margin and net loss.
Sep 26	FY2024 results	Neutral	+6.5%	Strong FY2024 revenue growth and IPO despite lower margins.

Pattern Detected

Earnings headlines have repeatedly paired revenue growth with margin compression and net losses. Market reactions have been mixed, with both positive and negative moves following similar financial themes, showing no consistent directional pattern to earnings news.

Recent Company History

Over recent earnings cycles, Armlogi has reported steady revenue growth but deteriorating profitability. Prior updates highlighted rising freight, lease, and labor costs pushing margins negative and turning prior profits into losses. Cash balances have remained modest while the company expanded its warehouse footprint. Today’s FY2026 Q2 and first-half results continue this pattern: modest revenue growth to $51.5M in Q2 and $101.0M for six months, but deeper net losses, aligning with the ongoing margin pressure seen since 2024.

Historical Comparison

+0.4% avg move · Across five prior earnings-related releases, average next-day move was about 0.44%. The latest pre-r...

earnings

+0.4%

Average Historical Move earnings

Across five prior earnings-related releases, average next-day move was about 0.44%. The latest pre-release gain of 3.9% came ahead of another report showing revenue growth but persistent losses, somewhat larger than typical past earnings-day reactions.

Earnings updates show a progression from profitable growth in FY2024 to FY2025 and FY2026 periods marked by revenue expansion but sustained gross losses and widening net losses as operational costs and lease expenses weighed on margins.

Market Pulse Summary

This announcement highlights modest top-line growth to $51.5M in Q2 and $101.0M for the first half, ...

Analysis

This announcement highlights modest top-line growth to $51.5M in Q2 and $101.0M for the first half, but also a shift to a Q2 gross loss and deeper net losses, including $10.4M over six months. Cash and restricted cash stood at $9.4M, supported by $3.8M raised via SEPA share issuance. Investors may watch future updates on cost-optimization efforts, margin trends, and liquidity developments across upcoming quarters.

Key Terms

standby equity purchase agreement

1 terms

standby equity purchase agreement financial

"the Company utilized its Standby Equity Purchase Agreement (SEPA) to issue 3,192,145 shares"

A standby equity purchase agreement is a contract in which an investor or group agrees to buy a company’s newly issued shares on demand, giving the company a ready source of cash it can tap when needed. Think of it like a line of credit made with stock instead of a loan: it provides financial backup but can increase the number of shares outstanding, diluting existing owners and affecting per‑share value, so investors watch these deals for their impact on ownership and earnings per share.

AI-generated analysis. Not financial advice.

WALNUT, Calif., Feb. 13, 2026 (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 fiscal 2026 second quarter and six-month period ended December 31, 2025.

Financial Results for the Three Months Ending December 31, 2025:

• Total revenue increased 0.8% to $51.5 million for the three months ended December 31, 2025, compared to $51.1 million in the prior-year period.
  
  
• Costs of services increased to $52.3 million for the three months ended December 31, 2025, resulting in a gross loss of $0.8 million, compared to a gross profit of $0.5 million in the prior year period. Gross margin declined to (1.5)% for the three months ended December 31, 2025 from 0.9% in the prior year period, primarily due to higher operational costs.
  
  
• Net loss was $3.9 million, or ($0.08) per share for the three months ended December 31, 2025, compared to a net loss of $1.7 million, or ($0.04) per share, for the prior year period.

Financial Results for the Six Months Ending December 31, 2025:

• Total revenue for the first six months ended December 31, 2025 grew 7.9% to $101.0 million, up from $93.6 million in the prior year period.
  
  
• Gross loss for the six months ended December 31, 2025 was $3.3 million, showing a marginal improvement in gross margin to (3.2)% from (3.3)% in the prior year period.
  
  
• Net loss was $10.4 million, or ($0.24) per share for the six months ended December 31, 2025, compared to a net loss of $6.3 million, or ($0.15) per share, for the prior year period.

Liquidity:

As of December 31, 2025, the Company had a cash and restricted cash balance of $9.4 million. During the six months ended December 31, 2025, the Company utilized its Standby Equity Purchase Agreement (SEPA) to issue 3,192,145 shares of common stock, raising an aggregate of $3.8 million to support its operations and growth initiatives.

Management Commentary

Aidy Chou, Chairman and Chief Executive Officer of Armlogi, commented, “The second quarter reflected stable revenue performance and continued first-half growth, though margins were pressured by elevated service costs. We are actively implementing cost optimization strategies and operational efficiencies to address the compression in our gross margins, including enhancing warehouse utilization and integrating higher-margin logistics solutions. We remain confident in our long-term strategy and our ability to create value for our stockholders as we navigate the current market dynamics.”

About Armlogi Holding Corp.

Armlogi Holding Corp., based in Walnut, CA, is a U.S.-based warehousing and logistics service provider offering a comprehensive suite of supply-chain solutions, including warehouse management and order fulfillment. The Company caters to cross-border e-commerce merchants seeking to establish U.S. market warehouses. With 10 warehouses totaling over 3.5 million square feet, the Company offers comprehensive one-stop warehousing and logistics services. The Company’s warehouses are equipped with facilities and technology to handle and store large, 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, our representatives may from time to time 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 revenue and earnings growth; 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 change the direction of the Company; 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. CONDENSED CONSOLIDATED BALANCE SHEETS  AS OF DECEMBER 31, 2025 AND JUNE 30, 2025 (US$, except share data, or otherwise noted)
		December 31, 2025					June 30, 2025
		US$					US$
		Unaudited					Audited
Assets
Current assets
Cash and cash equivalents			5,041,971					9,190,277
Accounts receivable and other receivable, net of credit loss allowance of $594,869 and $594,869			19,477,733					22,207,500
Other current assets			1,264,311					998,925
Prepaid expenses			1,275,823					1,375,646
Loan receivables, net of credit loss allowance of $nil and $nil			2,139,787					3,893,563
Total current assets			29,199,625					37,665,911
Non-current assets
Restricted cash – non-current			4,394,812					4,387,550
Property and equipment, net			10,587,255					11,259,820
Intangible assets, net			31,370					54,627
Right-of-use assets – operating leases			106,496,289					115,361,185
Right-of-use assets – finance leases			1,516,794					745,547
Other non-current assets			835,691					739,555
Total assets			153,061,836					170,214,195
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Current liabilities
Accounts payable and accrued liabilities			9,385,551					9,604,783
Contract liabilities			628,790					939,097
Accrued payroll liabilities			491,377					283,150
Convertible notes			-					5,292,749
Operating lease liabilities – current			33,713,304					29,280,907
Finance lease liabilities – current			763,696					386,327
Total current liabilities			44,982,718					45,787,013
Non-current liabilities
Operating lease liabilities – non-current			88,755,383					98,939,552
Finance lease liabilities – non-current			802,032					397,692
Total liabilities			134,540,133					145,124,257
Commitments and contingencies
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 December 31, 2025 and June 30, 2025, respectively			454					422
Additional paid-in capital			20,468,826					16,668,858
Retained earnings			(1,947,577	)				8,420,658
Total stockholders’ equity			18,521,703					25,089,938
Total liabilities and stockholders’ equity			153,061,836					170,214,195

ARMLOGI HOLDING CORP.
CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS AND COMPREHENSIVE LOSS
FOR THE THREE AND SIX MONTHS ENDED DECEMBER 31, 2025 AND 2024
(US$, except share data, or otherwise noted)

		Three Months Ended December 31, 2025				Three Months Ended December 31, 2024				Six Months Ended December 31, 2025				Six Months Ended December 31, 2024
		US$				US$				US$				US$
		Unaudited				Unaudited				Unaudited				Unaudited
Revenue		51,542,848				51,143,682				101,016,027				93,625,578
Costs of services		52,313,114				50,660,690				104,270,376				96,749,376
Gross profit		(770,266	)			482,992				(3,254,349	)			(3,123,798	)
Operating costs and expenses:
General and administrative		3,328,550				2,659,156				7,545,856				6,327,981
Total operating costs and expenses		3,328,550				2,659,156				7,545,856				6,327,981
Loss from operations		(4,098,816	)			(2,176,164	)			(10,800,205	)			(9,451,779	)
Other (income) expenses:
Other income, net		(302,280	)			(564,656	)			(1,040,872	)			(1,770,321	)
Loss on Disposal of Assets		—				43,625				—				43,625
Finance costs		44,121				79,989				592,466				88,997
Total other (income) expenses		(258,159	)			(441,042	)			(448,406	)			(1,637,699	)
Loss before provision for income taxes		(3,840,657	)			(1,735,122	)			(10,351,799	)			(7,814,080	)
Current income tax expense		19,525				—				16,436				—
Deferred income tax (recovery) expense		—				(75,882	)			—				(1,506,969	)
Total income tax (recovery) expenses		19,525				(75,882	)			16,436				(1,506,969	)
Net loss		(3,860,182	)			(1,659,240	)			(10,368,235	)			(6,307,111	)
Total comprehensive loss		(3,860,182	)			(1,659,240	)			(10,368,235	)			(6,307,111	)
Basic & diluted net loss per share		(0.08	)			(0.04	)			(0.24	)			(0.15	)
Weighted average number of shares of common stock-basic and diluted		45,443,079				41,642,442				43,952,643				41,638,221

ARMLOGI HOLDING CORP. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS  FOR THE SIX MONTHS ENDED DECEMBER 31, 2025 AND 2024 (UNAUDITED) (US$, except share data, or otherwise noted)
		For The Six Months Ended December 31, 2025					For The Six Months Ended December 31, 2024
		US$					US$
		Unaudited					Unaudited
Cash Flows from Operating Activities:
Net loss			(10,368,235	)				(6,307,111	)
Adjustments for items not affecting cash:
Net loss from disposal of fixed assets			—					43,625
Depreciation of property and equipment and right-of-use financial assets			1,679,930					1,290,471
Amortization			23,257					17,659
Non-cash operating leases expense			3,113,124					4,358,758
Current estimated credit loss			—					228,363
Accretion of convertible notes			527,251					72,184
Deferred income taxes			—					(1,506,969	)
Interest income			(39,534	)				(63,233	)
Changes in operating assets and liabilities:
Accounts receivable and other receivables			2,729,767					(5,967,431	)
Other current assets			(265,386	)				(280,846	)
Other non-current assets			(96,136	)				(203,643	)
Prepaid expenses			99,823					249,667
Accounts payable & accrued liabilities			(299,550	)				(1,969,214	)
Contract liabilities			(310,307	)				972,381
Income tax payable			—					(87,075	)
Accrued payroll liabilities			208,227					(16,180	)
Net changes in derecognized ROU and operating lease liabilities			—					(63,874	)
Net cash used in operating activities			(2,997,769	)				(9,232,468	)
Cash Flows from Investing Activities:
Purchase of property and equipment			(636,868	)				(2,070,770	)
Loan disbursements			(2,770,000	)				(1,000,000	)
Proceeds from loan repayments			4,563,310					2,036,705
Proceeds from sale of property and equipment			—					25,000
Net cash provided by (used in) investing activities			1,156,442					(1,009,065	)
Cash Flows from Financing Activities:
Repayment to related parties			—					(350,209	)
Repayments of finance lease liabilities			(279,717	)				(72,368	)
(Repayments) Net proceeds from convertible notes			(2,020,000	)				8,092,473
Net cash (used in) provided by financing activities			(2,299,717	)				7,669,896
Net decrease in cash and cash equivalents and restricted cash			(4,141,044	)				(2,571,637	)
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			9,436,783					7,378,747
The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the Condensed Consolidated Balance Sheets that sum to the total of the same amounts shown in the Condensed Consolidated Statements of Cash Flows:
Cash and cash equivalents			5,041,971					5,118,815
Restricted cash – non-current			4,394,812					2,259,932
Total cash and cash equivalents and restricted cash shown in the Condensed Consolidated Balance Sheets			9,436,783					7,378,747
Supplemental Disclosure of Cash Flows Information:
Cash paid for income tax			(23,300	)				(87,074	)
Cash paid for interest			—					(16,813	)
Non-cash Transactions:
Right-of-use assets acquired in exchange for finance lease liabilities			1,061,426					—
Right-of-use assets acquired in exchange for operating lease liabilities			2,861,346					6,184,333
Increase (Decrease) in right-of-use assets due to remeasurement of lease terms			63,896					(884,394	)
Shares issued for Investor Notices pursuant to SEPA by reducing the convertible notes			3,800,000					—
Shares issued to settle commitment fee			—					250,000

FAQ

What were Armlogi (BTOC) revenue and net loss figures for Q2 fiscal 2026?

Armlogi reported Q2 revenue of $51.5M and a net loss of $3.9M (−$0.08/share). According to the company, revenue edged up 0.8% year-over-year while operational costs drove the quarter into a gross and net loss.

How did Armlogi (BTOC) perform in the first six months of fiscal 2026?

Armlogi posted six-month revenue of $101.0M and a net loss of $10.4M (−$0.24/share). According to the company, revenue grew 7.9% year-over-year but margins remained negative due to elevated service costs.

How much cash did Armlogi (BTOC) hold at December 31, 2025?

Armlogi had $9.4M in cash and restricted cash as of Dec 31, 2025. According to the company, this liquidity supported ongoing operations while management pursues cost and efficiency measures.

What equity financing did Armlogi (BTOC) complete in H1 fiscal 2026?

Armlogi issued 3,192,145 shares under a Standby Equity Purchase Agreement, raising $3.8M. According to the company, proceeds were used to support operations and growth initiatives.

What caused margin pressure for Armlogi (BTOC) in Q2 2026?

Margin pressure was driven by higher operational and service costs, causing a Q2 gross loss. According to the company, management is implementing cost optimization and higher-margin logistics integration to address compression.

Does Armlogi (BTOC) expect margin improvements after cost actions?

Management expressed confidence in margin improvement from cost optimization and higher-margin services. According to the company, plans include enhancing warehouse utilization and operational efficiencies to restore margins over time.