0001213900-26-016716
SEC filingArmlogi Holding Corp. (BTOC) reported a net loss of $3.9 million for Q2 2026 (period ending December 31, 2025), driven by a gross loss of $770,000 on revenue of $51.5 million. The company's costs of services at $52.3 million exceeded revenue, resulting in negative gross margin. Operating loss was $4.1 million, partially offset by other income of $258,000. The balance sheet shows total assets of $153.1 million, with significant right-of-use assets of $108.0 million from operating and finance leases. Total liabilities stand at $134.5 million, primarily from operating lease liabilities of $122.5 million, resulting in stockholders' equity of $18.5 million. Cash flow from operations was negative $3.4 million, while investing activities provided $1.6 million and financing activities used $2.3 million, leading to a net decrease in cash of $4.1 million. The company ended the period with $13.6 million in total cash and restricted cash.
Armlogi Holding Corp. reported a net loss of $3.9 million for the second quarter of fiscal year 2026 (period ending December 31, 2025). The company generated revenue of $51.5 million but incurred costs of services of $52.3 million, resulting in a gross loss of $770,000. Operating expenses totaled $3.3 million, primarily from general and administrative costs, leading to an operating loss of $4.1 million. Other income of $258,000 partially offset the operating loss, resulting in a loss before income taxes of $3.8 million. After income tax expenses of $20,000, the net loss was $3.9 million. The company reported basic and diluted net loss per share of $0.00, with weighted average shares outstanding of 45.4 million.
The filing does not provide segment breakdown, geographic mix, or specific growth drivers for revenue. The company reported total revenue of $51.5 million for the quarter, with no comparative data from prior periods provided in the available information. Without segment disclosure or prior period comparisons, detailed revenue analysis cannot be performed based on the provided data.
The company experienced negative gross margin of -1.5% as costs of services ($52.3 million) exceeded revenue ($51.5 million). Operating margin was -8.0% due to the gross loss combined with operating expenses of $3.3 million. The cost structure shows services costs representing 101.5% of revenue, indicating the company's primary business operations are not currently profitable at the gross level. General and administrative expenses accounted for the entirety of operating expenses at $3.3 million.
Operating activities used $3.4 million in cash, primarily due to the net loss of $3.9 million adjusted for non-cash items including depreciation ($1.7 million), non-cash operating leases expense ($3.1 million), and changes in working capital. Investing activities provided $1.6 million, mainly from loan repayments of $4.6 million offset by loan disbursements ($2.4 million) and property purchases ($637,000). Financing activities used $2.3 million, with proceeds from convertible notes ($8.1 million) offset by repayments of convertible notes ($2.0 million) and other financing outflows. The balance sheet shows total assets of $153.1 million, including significant right-of-use assets of $108.0 million from operating and finance leases. Total liabilities of $134.5 million are dominated by operating lease liabilities of $122.5 million. The company maintains $13.6 million in total cash and restricted cash, with current assets of $29.2 million and current liabilities of $45.0 million.
The filing does not contain management guidance, strategic priorities, or specific risk factors in the provided content. No forward-looking statements or outlook information is included in the available financial data and document content. Investors should refer to the complete 10-Q filing for any discussion of future expectations, strategic initiatives, or risk factors that may not be captured in the financial statements alone.