Here are the 10-K annual reports from Armlogi Holding Corp. (BTOC) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow BTOC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BTOC filings page.
Armlogi Holding Corp. (BTOC), a U.S. warehousing and logistics provider with 11 warehouses totaling approximately 3,819,900 square feet, reported fiscal 2026 revenue of $185.8 million, down 2.4% from $190.4 million. Transportation services contributed $108.6 million and warehousing services $77.1 million. Gross margin moved to 0.2% from negative 1.6%, while net loss widened to $20.9 million from $15.3 million. Armlogi had 525 active customers; PRC-based customers generated 78% of revenue. Goldensee Ltd. and Aukey International Limited represented 21.8% and 14.4% of fiscal 2026 revenue, respectively.
Cash and restricted cash was $6.5 million at June 30, 2026, and operating activities used $5.1 million, compared with $1.5 million provided in fiscal 2025. Armlogi also had $25.6 million of negative working capital and $12.5 million in accumulated deficits. Management and the independent auditor stated that these conditions raise substantial doubt about the company’s ability to continue as a going concern. Armlogi is seeking working capital through discussions with financial institutions and investors, but said there can be no assurance its plans will be sufficient to meet its needs.
Armlogi Holding Corp. (BTOC) reported operational expansion and material financial volatility for the year ended June 30, 2025. Revenues show scale—warehousing services reported US$63.3 million versus US$51.5 million a year earlier—but profitability deteriorated. The company recorded a negative gross result (shown as (3,000,569)) and a reported (loss) earnings per share of $(0.37) compared with earnings per share of $0.19 in the prior year. Management cites higher warehouse labor, rental expenses from new facilities, and increased freight costs driven by carrier rate changes as key drivers of margin compression.
Liquidity and financing changes are notable: new operating lease ROU assets of US$27.9 million were recognized and total lease liabilities were US$128.2 million with minimum lease payments of US$171.1 million. The company drew two prepaid advances of US$5.0 million each under a SEPA arrangement, received net cash of US$4.5 million per tranche, and did not receive the third tranche because a required registration statement did not become effective. Top suppliers remain concentrated, with the top five suppliers accounting for 51.8% of purchases in 2025. Related-party transactions, multiple short-term loans to customers with collateralized inventory, and a non-binding LOI to acquire Leopard Transnational were disclosed.