Where Armlogi stands after its latest 10-K
Revenue for the twelve months to June 2026 was $186m, down 2.4% on a year earlier, against growth of 4.8% a quarter earlier. That puts it 10 of 10 for growth among the air freight & logistics companies we cover. Free-cash-flow margin fell to -3.8% from -0.8% a year earlier. Operating margin narrowed to -11.6% from -9.3%. The diluted share count is up 6.9% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades E. It passes 0 of our 2 financial-health checks. Our revenue-to-maturity cash-flow model value is $0.46 a share, against a share price of $2.13.
Source: 10-K filed September 28, 2026 on SEC EDGAR · Financials · Valuation