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OTC MARKETS · Chemicals · CIK 0001088413
$0.26
0.00% · delayed ~15 min
Last price from Oct 19, 2026
$7.1M market value
From GREYSTONE LOGISTICS, INC.'s FY2026 10-K, filed Aug 31, 2026 · read the filing
GREYSTONE LOGISTICS makes industrial machinery and equipment. It took in $27.5M last year, which makes it a small company. It spends more than it earns — losing about 30 cents on every dollar of sales.
The filing does not provide enough evidence for a clear financial conclusion.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
A published bankruptcy-risk model places it in its distress range. This is a statistical reading, not a forecast.
Altman Z-Score -1.38
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
Significant financial weakness across most measures.
From GREYSTONE LOGISTICS, INC.'s FY2026 annual filing · share price scored separately
Largest year-over-year changes in FY2026
Revenue
$57.9M → $27.5M
Gross profit
$10.0M → -$1.7M
Operating income
$4.3M → -$7.8M
Profit
$2.4M → -$8.2M
Measured against FY2025, from the 10-K filed Aug 31, 2026
Deteriorated: -52.4%
$57.9M to $27.5MCritical
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
How the latest move compares (quote delayed ~15 min), and what was published around it
GLGI was unchanged on the latest quote. The average Industrials company tracked here moved +0.37%, and the S&P 500 −1.04%. That is in line with its sector and 1.0 points above the market.
No filing from GLGI and no news item about it appeared in the last 3 days.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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The essentials
Each answered from the filings, with the numbers behind it.
No. It lost $8.2M last year, losing about 30 cents on every dollar of sales.
No. Sales shrank 52.4% last year.
Yes — it carries debt while operations are consuming cash rather than generating it. For every $1 it owes, it owns $1.45 in assets. A bankruptcy-risk model also places it in its distress range.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It paid a dividend while making a loss, so the payment did not come out of profits — it came from reserves, borrowing or asset sales. It has paid in each of the last 12 years.
WeakFigures from the FY2026 annual filing
Last year it lost $8.2M and generated -$1.5M of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202610-K · Aug 31, 2026Filing for FY2026 | FY202510-K · Aug 31, 2026Filing for FY2025 | FY202410-K · Aug 29, 2025Filing for FY2024 | FY202310-K · Sep 13, 2024Filing for FY2023 | FY202210-K · Aug 19, 2022Filing for FY2022 | ChangeFY2026 vs FY2025 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $27.5M | $57.9M | $61.8M | $60.8M | $74.2M | −52.4% |
| Cost of revenue | $29.3M | $47.8M | $50.1M | $51.4M | $66.4M | −38.8% |
| Gross profit | -$1.7M | $10.0M | $11.7M | $9.3M | $7.8M | n/m |
| Gross marginGross profit ÷ revenueWhat is this? | -6.2% | 17.4% | 19.0% | 15.4% | 10.5% | −23.6 pts |
| Selling, general and administrative | $6.1M | $6.5M | $5.2M | $5.1M | $5.2M | −6.6% |
| Operating income | -$7.8M | $4.3M | $7.1M | $4.2M | $2.6M | n/m |
| Operating marginOperating income ÷ revenueWhat is this? | -28.2% | 7.5% | 11.6% | 7.0% | 3.5% | −35.7 pts |
| Interest expense | — | $1.0M | $1.3M | $1.2M | — | — |
| Income before tax | -$8.7M | $3.5M | $6.1M | $8.8M | $5.1M | n/m |
| Net income | -$8.2M | $2.4M | $5.0M | $6.4M | $4.5M | n/m |
| Net marginNet income ÷ revenueWhat is this? | -29.9% | 4.1% | 8.1% | 10.5% | 6.1% | −34.0 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $-0.302 | $0.0859 | $0.1778 | $0.2259 | $0.1608 | n/m |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Nothing recent
No insider trades, pending-sale notices or 5% stake filings from GLGI in the last few months. That is the ordinary case, not a gap.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Quarterly report for Q1 FY2026
Revenue -50.4% · Operating margin −24.0 pts · Gross profit turned negative — against Q1 FY2026
Read the filingAnnual report for FY2026
Revenue -52.4% · Operating margin −35.7 pts · Gross profit turned negative — against FY2025
Read the filingWrite down why you are following GREYSTONE LOGISTICS, INC., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
Coverage from the last 30 days
Primary sources and further research
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from GLGI's 10-K for fiscal year 2026 (period ending 2026-05-31, filed Aug 31, 2026), reported under the US GAAP taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2026 | 2.0 | 3/9 | 10-K, filed Aug 31, 2026 |
| FY2025 | 6.0 | 6/9 | 10-K, filed Aug 29, 2025 |
| FY2024 | 7.3 | 7/9 | 10-K, filed Sep 13, 2024 |
| FY2023 | 4.7 | 6/9 | 10-K, filed Aug 28, 2023 |
| FY2022 | 6.0 | 7/9 | 10-K, filed Aug 19, 2022 |
| FY2021 | 5.0 | 7/9 | 10-K, filed Aug 20, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
3 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
-1.38
In the distress zone
For this model, above 2.99 is safe and below 1.81 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2026 filing as filed with the SEC.
Deteriorated: turned negative
$10.0M to -$1.7MCritical
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: turned negative
$4.3M to -$7.8MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Deteriorated: turned negative
$2.4M to -$8.2MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: −23.6 pts
17.4% to -6.2%Critical
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Deteriorated: −35.7 pts
7.5% to -28.2%Critical
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: −34.0 pts
4.1% to -29.9%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: turned negative
$4.5M to -$3.5MCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Deteriorated: turned negative
$0.09 to -$0.30Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: turned negative
$8.8M to $0.00Critical
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Changed: -99.6%
$427.1K to $1.6KCritical
Why it matters: Cash handed to shareholders. A rise can be a higher dividend or simply more shares, and a cut is a decision the company explains in its own filing — neither is rated here.
Changed: -65.7%
$5.8M to $2.0MCritical
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Q1 FY2026 against Q1 FY2026, from the 10-Q filed Oct 15, 2026 — read it.
Deteriorated: -50.4%
$10.7M to $5.3MCritical
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Deteriorated: turned negative
$503.6K to -$778.8KCritical
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: $657.3K wider
-$1.2M to -$1.9MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Deteriorated: $1.5M wider
-$1.1M to -$2.6MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: −19.3 pts
4.7% to -14.6%Critical
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Deteriorated: −24.0 pts
-11.4% to -35.4%Critical
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: −37.9 pts
-10.2% to -48.1%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: turned negative
$1.5M to -$138.8KCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Deteriorated: $0.05 wider
-$0.04 to -$0.09Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: turned negative
$8.2M to $0.00Critical
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Changed: turned negative
$1.6K to $0.00Critical
Why it matters: Cash handed to shareholders. A rise can be a higher dividend or simply more shares, and a cut is a decision the company explains in its own filing — neither is rated here.
Changed: -50.2%
$441.7K to $220.1KCritical
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
1 other measure barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
Trailing P/E is not meaningful because the latest trailing earnings are zero or negative. The price-to-book and price-to-sales figures below still provide reference points.
This company has not reported enough of the required figures to calculate this score.
Quarterly report for Q3 FY2026
Revenue -75.8% · Operating margin −86.2 pts · Gross profit turned negative — against Q3 FY2024
Read the filingQuarterly report for Q2 FY2025
Revenue -36.0% · Operating margin −21.9 pts · Gross profit turned negative — against Q2 FY2024
Read the filingQuarterly report for Q1 FY2026
Revenue -20.3% · Operating margin −17.5 pts · Gross profit -73.5% — against Q1 FY2025
Read the filingAnnual report for FY2025
Revenue -6.3% · Operating margin −4.1 pts · Profit -53.2% — against FY2024
Read the filingQuarterly report for Q3 FY2024
Operating margin +5.3 pts · Gross profit +46.7% · Operating income +131.3% — against Q3 FY2024
Read the filingQuarterly report for Q2 FY2024
Read the filingQuarterly report for Q1 FY2025
Read the filingHad a director or senior officer leave or join
Read the filingAnnual report for FY2024
Operating margin +4.6 pts · Operating income +68.8% · Free cash flow turned positive — against FY2023
Read the filingMade a Regulation FD disclosure
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingQuarterly report for Q3 FY2024
Read the filingHad a director or senior officer leave or join
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingQuarterly report on Form 10-Q
Read the filingHad a director or senior officer leave or join
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingQuarterly report on Form 10-Q
Read the filing