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

11/13/25 4:44:51 PM ET

Office Equipment/Supplies/Services

Consumer Discretionary

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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:

[email protected]

Investor Relations Contact:

Matthew Abenante, IRC

President

Strategic Investor Relations, LLC

Tel: 347-947-2093

Email: [email protected]

*** 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	—

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

11/13/25 4:44:51 PM ET

$BTOC

Office Equipment/Supplies/Services

Consumer Discretionary

Get the next $BTOC alert in real time by email

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

About Armlogi Holding Corp.

Company Contact:

[email protected]

Investor Relations Contact:

Matthew Abenante, IRC

President

Strategic Investor Relations, LLC

Tel: 347-947-2093

Email: [email protected]

*** 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

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	—

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

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

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SEC Filings

Armlogi Holding Corp. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits

SEC Form 10-Q filed by Armlogi Holding Corp.

Armlogi Holding Corp. filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

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Insider Trading

SEC Form 3 filed by new insider Lin Maxwell E.

New insider Chiu David Fan Wei claimed ownership of 20,000 shares (SEC Form 3)

SEC Form 4 filed by Chief Financial Officer Zhou Zhiliang

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Press Releases