v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Sep. 30, 2025
Current Assets:    
Cash and cash equivalents $ 8,785 $ 10,962
Restricted cash 0 1,078
Accounts receivable, net of allowance for credit losses of $1,187 and $367, respectively 55,300 66,489
Inventory, net 3,902 4,207
Prepaid expenses and other current assets 6,410 6,095
Total current assets 74,397 88,831
Property and Equipment, net 5,795 5,971
Other Assets:    
Intangible assets, net 29,340 30,998
Goodwill 31,592 31,592
Deferred tax assets, net 5,372 0
Restricted investments 250 250
Investment in marketable securities at fair value 263 4,664
Operating lease right of use asset 6,582 7,760
Security deposits and other long-term assets 597 687
Total other assets 73,996 75,951
Total assets 154,188 170,753
Current Liabilities:    
Lines of credit 17,845 3,801
Accounts payable - trade 73,589 98,244
Duties and taxes payable 4,457 4,323
Accrued expenses and other current liabilities 5,918 5,853
Dividends payable 1,024 1,649
Current portion of contingent earnout 39 2,592
Current portion of long-term debt 683 911
Current portion of subordinated promissory notes-related party $ 1,174 $ 1,174
Notes Payable Current Related Party Type Extensible [Enumeration] Related Party [Member] Related Party [Member]
Current portion of operating lease liabilities $ 2,054 $ 2,114
Total current liabilities 106,783 120,661
Other Liabilities:    
Long-term portion of long-term debt 7,162 7,166
Long-term portion of contingent earnout 55 55
Long-term portion of subordinated promissory notes-related party $ 1,276 $ 1,766
Notes Payable Noncurrent Related Party Type Extensible [Enumeration] Related Party [Member] Related Party [Member]
Mandatorily redeemable non-controlling interest $ 2,706 $ 4,161
Deferred tax liabilities, net 0 4,547
Long-term portion of operating lease liabilities 5,173 6,310
Other liabilities 280 285
Total other liabilities 16,652 24,290
Total liabilities 123,435 144,951
Stockholders' Equity:    
Preferred stock 0 0
Common stock, $0.001 par value; 4,500,000 shares authorized, 1,206,354 issued and 1,186,354 outstanding as of both March 31, 2026 and September 30, 2025 1 1
Paid-in capital 15,965 17,730
Common treasury stock, at cost, 20,000 shares as of both March 31, 2026 and September 30, 2025 (240) (240)
Accumulated earnings 9,447 8,311
Total Janel Corporation stockholders’ equity 25,173 25,802
Noncontrolling interests 5,580 0
Total stockholders’ equity 30,753 25,802
Total liabilities and stockholders’ equity 154,188 170,753
Series C [Member]    
Current Liabilities:    
Dividends payable 1,024 1,649
Stockholders' Equity:    
Preferred stock $ 0 $ 0