Armlogi Holding Corp. (BTOC) Form 10-K — Sep 25, 2026
Armlogi Holding (BTOC) reported FY2026 revenue of $185.8 million, down 2.4% from $190.4 million, with the net loss widening 36.6% to $20.9 million from $15.3 million the prior year. Roughly 78% of revenue still comes from PRC-based customers, exposing the company heavily to U.S.-China tariffs including the new 12.5% forced-labor tariff implemented in July 2026. The filing discloses a material weakness in internal controls over financial reporting, which the company has not fully remediated due to funding constraints from operating at a loss.
Key figures
- Revenue
- 185800000
- Revenue Yoy
- -2.4%
- Shares Outstanding
- 45443079
- Warehouses
- 11
- Warehouse sqft
- 3819900
- Prior year revenue
- 190400000
- Full time employees
- 161
- Reverse split ratio
- 16:1
- Net loss increase pct
- 36.6%
- Top customer aukey pct
- 14.4%
- Active customers fy2025
- 505
- Active customers fy2026
- 525
- Top customer goldensee pct
- 21.8%
- Nasdaq bid compliance deadline
- 2026-11-02
- Prc customer revenue pct fy2025
- 84%
- Prc customer revenue pct fy2026
- 78%
- Non affiliate market value dec2025
- 7624801
AI analysis
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