NASDAQ : BTOC
Armlogi Holding Corp. — Financial statements
Industrials · Integrated Freight & Logistics · United States
Last price 2.13 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 6.05M
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Financial statements
Armlogi Holding Corp. (BTOC) reported revenue of 185.84M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 185.84M | 185.84M | 190.41M | 166.98M | 135.04M | 56.03M |
| Cost of Revenue | 186.92M | 186.92M | 194.66M | 150.02M | 110.00M | 49.94M |
| Gross Profit | -1.08M | -1.08M | -4.25M | 16.95M | 25.04M | 6.09M |
| Selling, General & Admin | 18.46M | 18.46M | 13.00M | 10.23M | 6.20M | 3.54M |
| Amortization of Goodwill & Intangibles | 194.89K | 194.89K | 206.39K | 313.28K | 205.70K | |
| Other Operating Expenses | 282.07K | 282.07K | 186.14K | 149.32K | 104.59K | 59.51K |
| Operating Expenses | 20.34M | 20.34M | 13.67M | 10.79M | 7.09M | 3.81M |
| Operating Income | -21.42M | -21.42M | -17.92M | 6.17M | 17.95M | 2.29M |
| Interest Expense | -122.66K | -122.66K | -96.51K | -47.65K | -60.42K | -37.14K |
| Interest & Investment Income | 244.98K | 244.98K | 381.03K | 164.82K | ||
| Other Non Operating Income (Expenses) | 319.59K | 319.59K | 1.96M | 4.10M | 1.39M | 624.83K |
| EBT Excluding Unusual Items | -20.98M | -20.98M | -15.68M | 10.39M | 19.28M | 2.87M |
| Gain (Loss) on Sale of Assets | 104.06K | 104.06K | -43.62K | -90.58K | ||
| Other Unusual Items | -1.19M | 39.44K | ||||
| Pretax Income | -20.87M | -20.87M | -16.91M | 10.39M | 19.28M | 2.82M |
| Income Tax Expense | -1.56M | 2.95M | 5.36M | 841.31K | ||
| Net Income | -20.87M | -20.87M | -15.35M | 7.44M | 13.92M | 1.98M |
| Net Income to Common | -20.87M | -20.87M | -15.35M | 7.44M | 13.92M | 1.98M |
| Shares Outstanding (Basic) | 2.79M | 2.79M | 2.61M | 2.51M | 2.50M | 2.50M |
| Shares Outstanding (Diluted) | 2.79M | 2.79M | 2.61M | 2.51M | 2.50M | 2.50M |
| EPS (Basic) | -7.47 | -7.47 | -5.87 | 2.96 | 5.57 | 0.79 |
| EPS (Diluted) | -7.47 | -7.47 | -5.87 | 2.96 | 5.57 | 0.79 |
| Free Cash Flow | -6.98M | -6.98M | -1.43M | -2.22M | 9.99M | -3.34M |
| Free Cash Flow Per Share | -2.50 | -2.50 | -0.55 | -0.88 | 4.00 | -1.34 |
| Gross Margin | -0.58% | -0.58% | -2.23% | 10.15% | 18.55% | 10.88% |
| Operating Margin | -11.53% | -11.53% | -9.41% | 3.69% | 13.29% | 4.08% |
| Profit Margin | -11.23% | -11.23% | -8.06% | 4.46% | 10.31% | 3.54% |
| Free Cash Flow Margin | -3.75% | -3.75% | -0.75% | -1.33% | 7.40% | -5.96% |
| EBITDA | -17.92M | -17.92M | -14.99M | 8.16M | 19.24M | 3.10M |
| EBITDA Margin | -9.64% | -9.64% | -7.87% | 4.89% | 14.24% | 5.53% |
| D&A For EBITDA | 3.50M | 3.50M | 2.93M | 2.00M | 1.28M | 810.20K |
| EBIT | -21.42M | -21.42M | -17.92M | 6.17M | 17.95M | 2.29M |
| EBIT Margin | -11.53% | -11.53% | -9.41% | 3.69% | 13.29% | 4.08% |
| Effective Tax Rate | 28.36% | 27.80% | 29.81% |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.22M | 2.22M | 9.19M | 7.89M | 6.56M | 2.25M |
| Cash & Short-Term Investments | 2.22M | 2.22M | 9.19M | 7.89M | 6.56M | 2.25M |
| Accounts Receivable | 15.70M | 15.70M | 22.12M | 24.90M | 17.40M | 9.52M |
| Other Receivables | 72.77K | 72.77K | 88.11K | 564.90K | ||
| Receivables | 16.83M | 16.83M | 26.10M | 27.34M | 19.85M | 9.52M |
| Prepaid Expenses | 926.38K | 926.38K | 1.38M | 1.13M | 796.90K | 399.51K |
| Other Current Assets | 30.18K | 30.18K | 998.92K | 1.62M | 2.95M | 415.79K |
| Total Current Assets | 20.00M | 20.00M | 37.67M | 37.98M | 30.15M | 12.59M |
| Property, Plant & Equipment | 105.77M | 105.77M | 127.37M | 123.28M | 57.77M | 48.36M |
| Other Intangible Assets | 13.15K | 13.15K | 54.63K | 92.71K | 128.03K | 104.69K |
| Other Long-Term Assets | 4.96M | 4.96M | 5.13M | 5.68M | ||
| Total Assets | 130.75M | 130.75M | 170.21M | 167.03M | 88.55M | 61.05M |
| Accounts Payable | 9.18M | 9.18M | 9.01M | 6.00M | 7.49M | 3.87M |
| Accrued Expenses | 441.50K | 441.50K | 283.15K | 405.25K | 263.36K | 129.24K |
| Short-Term Debt | 5.29M | 350.21K | 351.91K | 2.86M | ||
| Current Portion of Leases | 34.67M | 34.67M | 29.67M | 24.37M | 12.31M | 7.75M |
| Current Income Taxes Payable | 57.59K | 2.65M | 371.27K | |||
| Current Unearned Revenue | 516.00K | 516.00K | 939.10K | 276.46K | 424.18K | |
| Other Current Liabilities | 818.53K | 818.53K | 599.06K | 1.50M | 977.58K | 843.28K |
| Total Current Liabilities | 45.62M | 45.62M | 45.79M | 32.96M | 24.47M | 15.82M |
| Long-Term Leases | 77.11M | 77.11M | 99.34M | 93.30M | 38.03M | 34.31M |
| Long-Term Deferred Tax Liabilities | 1.54M | 735.12K | 354.60K | |||
| Total Liabilities | 122.73M | 122.73M | 145.12M | 127.80M | 63.24M | 50.48M |
| Common Stock | 454.00 | 454.00 | 422.00 | 416.00 | 400.00 | 400.00 |
| Additional Paid-In Capital | 20.47M | 20.47M | 16.67M | 15.47M | 8.99M | 8.16M |
| Retained Earnings | -12.45M | -12.45M | 8.42M | 23.77M | 16.33M | 2.41M |
| Shareholders' Equity | 8.02M | 8.02M | 25.09M | 39.24M | 25.31M | 10.57M |
| Total Liabilities & Equity | 130.75M | 130.75M | 170.21M | 167.03M | 88.55M | 61.05M |
| Total Debt | 111.78M | 111.78M | 134.30M | 118.02M | 50.69M | 44.91M |
| Net Cash (Debt) | -109.56M | -109.56M | -125.11M | -110.13M | -44.14M | -42.67M |
| Net Cash Per Share | -39.22 | -39.22 | -47.88 | -43.82 | -17.65 | -17.07 |
| Filing Date Shares Outstanding | 2.84M | 2.84M | 2.84M | 2.60M | 2.50M | 2.50M |
| Total Common Shares Outstanding | 2.84M | 2.84M | 2.64M | 2.60M | 2.50M | 2.50M |
| Working Capital | -25.62M | -25.62M | -8.12M | 5.02M | 5.67M | -3.23M |
| Book Value Per Share | 2.82 | 2.82 | 9.50 | 15.08 | 10.13 | 4.23 |
| Tangible Book Value | 8.00M | 8.00M | 25.04M | 39.15M | 25.19M | 10.46M |
| Tangible Book Value Per Share | 2.82 | 2.82 | 9.48 | 15.04 | 10.07 | 4.19 |
| Machinery | 19.70M | 19.70M | 17.39M | 14.70M | 9.49M | 6.89M |
| Leasehold Improvements | 139.54K | 139.54K | 139.54K | 74.10K | 74.10K |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -20.87M | -20.87M | -15.35M | 7.44M | 13.92M | 1.98M |
| Depreciation & Amortization | 3.50M | 3.50M | 2.93M | 2.00M | 1.28M | 810.20K |
| Other Amortization | 41.48K | 41.48K | 38.08K | 35.32K | 30.61K | 20.39K |
| Loss (Gain) From Sale of Assets | -104.06K | -104.06K | 43.62K | 18.83K | ||
| Provision & Write-off of Bad Debts | 1.40M | 1.40M | 275.61K | 94.69K | 579.29K | |
| Other Operating Activities | 4.44M | 4.44M | 7.67M | 5.89M | 862.65K | 163.67K |
| Change in Accounts Receivable | 5.76M | 5.76M | 2.98M | -8.16M | -8.45M | -6.56M |
| Change in Accounts Payable | -269.50K | -269.50K | 2.10M | -667.83K | 2.49M | 3.87M |
| Change in Unearned Revenue | -423.10K | -423.10K | 662.63K | -147.72K | 424.18K | |
| Change in Income Taxes | -57.59K | -2.60M | 2.28M | 282.46K | ||
| Change in Other Net Operating Assets | 1.40M | 1.40M | 165.50K | -890.31K | -1.64M | -29.29K |
| Operating Cash Flow | -5.13M | -5.13M | 1.46M | 2.99M | 11.80M | 542.86K |
| Capital Expenditures | -1.84M | -1.84M | -2.89M | -5.21M | -1.81M | -3.88M |
| Sale of Property, Plant & Equipment | 191.16K | 191.16K | 48.00K | |||
| Sale (Purchase) of Intangibles | -53.94K | -76.36K | ||||
| Investing Cash Flow | 708.77K | 708.77K | -1.81M | -7.44M | -4.32M | -3.96M |
| Short-Term Debt Issued | 8.09M | 512.35K | 2.86M | |||
| Total Debt Issued | 8.09M | 512.35K | 2.86M | |||
| Short-Term Debt Repaid | -2.02M | -2.02M | -3.61M | -3.01M | ||
| Long-Term Debt Repaid | -590.63K | -590.63K | -360.44K | -163.94K | -208.50K | -147.60K |
| Total Debt Repaid | -2.61M | -2.61M | -3.97M | -163.94K | -3.22M | -147.60K |
| Net Debt Issued (Repaid) | -2.61M | -2.61M | 4.12M | 348.42K | -3.22M | 2.71M |
| Issuance of Common Stock | 8.44M | 472.80K | 1.08M | |||
| Other Financing Activities | -150.00K | -951.62K | -427.71K | -150.00K | ||
| Financing Cash Flow | -2.61M | -2.61M | 3.97M | 7.84M | -3.18M | 3.64M |
| Net Cash Flow | -7.04M | -7.04M | 3.63M | 3.39M | 4.31M | 222.69K |
| Free Cash Flow | -6.98M | -6.98M | -1.43M | -2.22M | 9.99M | -3.34M |
| Free Cash Flow Margin | -3.75% | -3.75% | -0.75% | -1.33% | 7.40% | -5.96% |
| Free Cash Flow Per Share | -2.50 | -2.50 | -0.55 | -0.88 | 4.00 | -1.34 |
| Levered Free Cash Flow | -948.20K | -948.20K | -6.98M | -9.43M | 3.98M | -4.31M |
| Unlevered Free Cash Flow | -871.54K | -871.54K | -6.91M | -9.40M | 4.01M | -4.28M |
| Cash Interest Paid | 96.51K | 47.65K | ||||
| Cash Income Tax Paid | 122.25K | 4.74M | 2.70M | 279.06K | ||
| Change in Working Capital | 6.46M | 6.46M | 5.85M | -12.46M | -4.89M | -2.43M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.34M | 13.63M | 68.22M | 196.35M | ||
| Enterprise Value | 115.90M | 131.60M | 202.43M | 316.24M | ||
| Last Close Price | 2.23 | 4.80 | 25.92 | 75.52 | ||
| PE Ratio | 26.39 | |||||
| Forward PE | 6.29 | 106.42 | ||||
| PS Ratio | 0.03 | 0.07 | 0.36 | 1.18 | ||
| PB Ratio | 0.79 | 1.70 | 2.72 | 5.00 | ||
| P/TBV Ratio | 0.79 | 1.70 | 2.73 | 5.02 | ||
| P/OCF Ratio | 46.70 | 65.61 | ||||
| PEG Ratio | 0.40 | 41.01 | ||||
| EV/Sales Ratio | 0.62 | 0.71 | 1.06 | 1.89 | ||
| EV/EBITDA Ratio | 38.74 | |||||
| EV/EBIT Ratio | 51.29 | |||||
| Debt / Equity Ratio | 13.95 | 13.95 | 5.35 | 3.01 | 2.00 | 4.25 |
| Debt / EBITDA Ratio | 4.06 | 4.06 | 5.10 | 2.87 | 1.47 | 3.97 |
| Debt / FCF Ratio | 5.07 | |||||
| Net Debt / Equity Ratio | 13.67 | 13.67 | 4.99 | 2.81 | 1.74 | 4.04 |
| Net Debt / EBITDA Ratio | -6.12 | -6.12 | -8.35 | 13.49 | 2.29 | 13.78 |
| Net Debt / FCF Ratio | -15.71 | -15.71 | -87.54 | -49.71 | 4.42 | -12.77 |
| Asset Turnover | 1.24 | 1.24 | 1.13 | 1.31 | 1.80 | 1.60 |
| Quick Ratio | 0.39 | 0.39 | 0.69 | 1.01 | 0.98 | 0.74 |
| Current Ratio | 0.44 | 0.44 | 0.82 | 1.15 | 1.23 | 0.80 |
| Return on Equity (ROE) | -126.11% | -126.11% | -47.72% | 23.05% | 77.59% | 21.92% |
| Return on Assets (ROA) | -8.90% | -8.90% | -6.64% | 3.02% | 15.00% | 4.08% |
| Return on Invested Capital (ROIC) | -17.21% | -16.00% | -11.96% | 4.04% | 21.13% | 5.44% |
| Return on Capital Employed (ROCE) | -25.20% | -25.20% | -14.40% | 4.60% | 28.00% | 5.10% |
| Earnings Yield | -334.93% | -153.12% | -22.50% | 3.79% | ||
| FCF Yield | -110.08% | -51.17% | -2.10% | -1.13% | ||
| Buyback Yield / Dilution | -6.89% | -6.89% | -3.96% | -0.54% |