Here are the 10-K annual reports from Greystone Logistics Inc (GLGI) 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 GLGI 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 GLGI filings page.
Greystone Logistics, Inc. (GLGI), a manufacturer of recycled-plastic pallets, reported a sharp downturn for the year ended May 31, 2026. Sales fell to $27.5 million from $57.9 million, mainly from losing a major customer and reduced demand from two large accounts. Cost of sales exceeded revenue, producing a gross loss and a net loss of $8.2 million versus prior-year net income of $2.4 million.
Greystone faces a working capital deficit of $7.9 million, debt covenant violations that caused substantially all debt to be classified as current, and lender waivers that temporarily suspend certain covenants. Management discloses substantial doubt about the company’s ability to continue as a going concern. There is also a reported material weakness in internal control over financial reporting. Despite retiring $5.0 million of preferred stock, executing a roughly $0.7 million share repurchase program, and obtaining interest-only terms on key loans, future performance depends on replacing lost revenue, maintaining lender support, and securing additional financing.