Armlogi Holding Corp. Reports $185.8M Revenue Decline and $20.9M Net Loss for Fiscal Year Ending June 30, 2026

Armlogi Holding Corp. reported a total revenue of $185.8 million for the fiscal year ending June 30, 2026, a decrease of 2.4% from $190.4 million in the previous year. The company also experienced a net loss of $20.9 million, which represents a 36.6% increase from the net loss of $15.3 million reported for the fiscal year 2025. The decline in revenue was primarily attributed to a significant drop in transportation service revenue, which fell by 14.5% to $108.6 million, as many customers opted to ship orders through e-commerce platforms like Amazon instead of utilizing Armlogi's services. Conversely, revenue from warehousing services increased by 21.9% to $77.1 million, driven by expanded operations in Texas and Illinois.

The company operates eleven warehouses across the United States, with a total gross floor area of approximately 3.8 million square feet. As of June 30, 2026, Armlogi had 525 active customers, up from 505 the previous year. The majority of its revenue continues to come from customers based in China, accounting for approximately 78% of total revenue in 2026, down from 84% in 2025. The company has also expanded its service offerings, including the launch of international ocean freight services in January 2023, which aims to enhance supply chain efficiency for its customers.

Armlogi's operational costs decreased by 4.1% to $185.4 million, primarily due to reduced freight costs as a result of lower shipping volumes. However, general and administrative expenses rose significantly by 49.7% to $22.0 million, largely due to increased rental expenses associated with additional leased warehouse facilities. The company reported a gross profit margin improvement from negative 1.6% in 2025 to positive 0.2% in 2026, reflecting better cost management despite ongoing challenges.

Looking ahead, Armlogi is focused on expanding its customer base and geographic coverage, particularly in Southeast Asia and Mexico. The company plans to invest in supply chain technologies to enhance operational efficiency and is also considering strategic acquisitions to bolster its logistics capabilities. However, the company faces significant challenges, including a negative working capital of $25.6 million and accumulated deficits of $12.5 million, raising concerns about its ability to continue as a going concern without additional financing. The management is actively seeking to optimize operations and secure funding to support its growth initiatives.