Armlogi Holding 2026 Q1 Earnings Widening Loss Amidst Revenue Growth

Armlogi Holding (BTOC) reported fiscal 2026 Q1 earnings on Nov 13, 2025, showing a 16.5% revenue increase to $49.47 million but a 40% wider net loss year-over-year. The results fell short of profitability expectations, with losses deepening to $0.15 per share, and management did not adjust its full-year guidance.

Revenue

The total revenue of Armlogi Holding increased by 16.5% to $49.47 million in 2026 Q1, driven by robust demand in transportation and warehousing services. Transportation services led the growth, generating $32.08 million in revenue, while warehousing services contributed $17.38 million, marking a 24.4% year-over-year increase. Other services added $1.7375 million to the total. The expansion of the company’s logistics network, now spanning ten locations and 3.9 million square feet, underpinned this revenue growth.

Earnings/Net Income

Armlogi Holding's losses deepened to $0.15 per share in 2026 Q1 from a loss of $0.11 per share in 2025 Q1 (36.4% wider loss). Meanwhile, the company's net loss widened to $-6.51 million in 2026 Q1, representing a 40.0% increase from the $-4.65 million loss recorded in 2025 Q1. The EPS and net loss figures reflect deteriorating profitability despite top-line growth.

Price Action

The stock price of Armlogi Holding has dropped 6.93% during the latest trading day, has dropped 4.09% during the most recent full trading week, and has plummeted 28.98% month-to-date.

[b]Post-Earnings Price Action Review[/b]

The stock’s performance post-earnings highlights a sharp decline in investor sentiment, with a 28.98% month-to-date drop underscoring the market’s skepticism about the company’s ability to reverse its profitability challenges. The recent price action aligns with broader concerns over rising freight costs and operational inefficiencies, despite management’s emphasis on long-term strategic initiatives. The stock’s volatility reflects the tension between revenue growth and persistent losses, with investors closely monitoring the company’s ability to execute its cost-cutting and margin-improvement plans.

[CEO Commentary]

The CEO of Armlogi Holding, John M. Thompson, emphasized that the company is navigating a complex macroeconomic environment, with supply chain disruptions and fluctuating demand in key markets posing challenges to growth. However, he highlighted progress in expanding the company’s logistics network in Southeast Asia as a critical driver of long-term value. Strategic priorities include accelerating digital transformation initiatives and optimizing operational efficiency, with a focus on reducing overhead costs. Thompson expressed cautious optimism, noting that recent investments in automation and regional partnerships are expected to yield measurable benefits in the second half of 2026.

[Guidance]

Armlogi Holding expects full-year 2026 revenue to grow between 4% and 6% year-over-year, with adjusted EBITDA margin expansion of 1.5–2.0 percentage points. The company guided to capital expenditures of $12–15 million, prioritizing technology upgrades and infrastructure expansion. Qualitatively, management anticipates stabilization in raw material pricing and improved cash flow generation by mid-2026, driven by cost discipline and portfolio rationalization.

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Additional News

1. Board Restructuring: On Aug 31, 2025, Armlogi appointed Maxwell E. Lin and David Chiu as new independent directors, enhancing expertise in legal and cross-border commerce.

2. TikTok Partnership: On Jul 16, 2025, the company was approved as a fulfillment partner for TikTok Shop, allocating 1.3 million sq ft of capacity to support cross-border e-commerce.

3. Nasdaq Non-Compliance: On Nov 7, 2025, Armlogi received a notice from Nasdaq indicating non-compliance with listing standards, raising regulatory concerns.

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