Overview of QQ3 2025 performance with YoY and QoQ context:
- Revenue: 45,844,322 USD; YoY +19.26%; QoQ -10.36%
- Gross Profit: 278,120 USD; YoY -91.40%; QoQ -42.42%; Gross Margin 0.61%
- Operating Income: -4,194,693 USD; YoY -7452.66%; QoQ -92.76%; Operating Margin -9.15%
- Net Income: -3,755,053 USD; YoY -650.42%; QoQ -126.31%; Net Margin -8.19%
- EPS: -0.09 USD; YoY -648.78%; QoQ -126.13%
Balance sheet and cash flow highlights:
- OCF: 3,591,326 USD; Capex: -522,687 USD; Free Cash Flow: 3,068,639 USD
- Cash at end of period: 9,410,819 USD; Beginning cash: 7,378,747 USD; Net change in cash: 2,032,072 USD
- Total assets: 178,040,543 USD; Total liabilities: 147,864,002 USD; Total stockholders’ equity: 30,176,541 USD
- Total debt: 139,837,477 USD; Net debt: 134,206,230 USD
- Liquidity ratios: Current ratio 0.929; Quick ratio 0.929; Cash ratio 0.132
- Leverage: Debt to equity 4.63; Debt to capitalization 0.823; Equity multiplier ~5.90
- Operational efficiency: Asset turnover 0.257; Receivables turnover 1.708; DSO ~52.7 days; Capital expenditure coverage 6.87
Notes on comparatives and peers:
- The dataset notes no direct peers for BTOC in the presented context. When benchmarked against typical integrated freight/logistics peers, Armlogi’s gross margin is notably compressed (0.61%), and EBITDA/margins remain negative, signaling substantial cost and scale headwinds relative to industry norms. Liquidity and leverage metrics suggest elevated financial risk absent clearer path to margin expansion or deleveraging.