JANL on OTC
JANEL CORP
American business services company based in New York, incorporated in Nevada. Summary from the record
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Last updated Oct 19, 2026.
Overview
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- TickerJANL on OTC2
- IndustryServices-Business Services, NEC2
- HeadquartersNew York, United States2
- Incorporated inNV4
- Business address80 Eighth Avenue, New York, Ny 100114
- Filer categoryNon-accelerated filer, Smaller reporting company4
- Legal formCorporation2
- LEI549300X6RI8E7P244Y412
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O CORPORATION SERVICE COMPANY, 89703 Carson City, United States2
- Registered withBusiness Center (Secretary of State), NV200014055102
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Janel Corporation (“Janel,” the “Company” or the “Registrant”) is a holding company with subsidiaries in three business segments: Logistics, Life Sciences and Manufacturing. The Company strives to create shareholder value primarily through three strategic priorities: supporting its businesses’ efforts to make investments and to build long-term profits, allocating Janel capital at high risk-adjusted rates of return, and attracting and retaining exceptional talent.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Logistics brought in 89% of the revenue JANEL CORP broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Logistics | $160.0M | $183.8M |
| Life Sciences And Manufacturing | $23.2M | $23.6M |
Business segments
Trucking brought in 35% of the revenue JANEL CORP broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Trucking | $73.2M | $71.8M |
| Ocean Import And Export | $40.6M | $49.4M |
| Custom Brokerage And Other | $19.4M | $33.8M |
| Air Import And Export | $26.8M | $28.9M |
| Life Sciences | $13.2M | $14.1M |
| Manufacturing | $10.1M | $9.5M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue69¢$142.4M
- Selling, general and admin27¢$55.9M
- Income tax1¢$1.2M
- Profit3¢$5.7M
Out of $183.8M in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Kept or used elsewhere100¢$43.1M
Out of $43.1M of cash from operations.3
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Total Revenues | $207.4M | $183.2M |
| Total forwarding expenses and cost of revenues | $142.4M | $124.8M |
| Gross profit | $65.0M | $58.4M |
| Selling, general and administrative | $55.9M | $52.3M |
| Amortization of intangible assets | $2.7M | $2.3M |
| Total Operating Expenses | $58.6M | $54.6M |
| Income from Operations | $6.4M | $3.8M |
| Interest expense net of interest income | -$2.1M | -$2.3M |
| Other income (expense) | $2.5M | -$346.0K |
| Income Before Income Taxes | $6.9M | $1.1M |
| Income tax benefit (expense) | -$1.2M | -$543.0K |
| Net income (loss) | $5.7M | $551.0K |
| Preferred stock dividends | -$384.0K | -$328.0K |
| Non-controlling interest dividends | -$243.0K | $0 |
| Net Income Available to Common Stockholders | $5.0M | $223.0K |
| Basic (in Dollars per share) | $5 | $0 |
| Diluted (in Dollars per share) | $5 | $0 |
| Basic (in Dollars per share) | $4.24 | $0.19 |
| Diluted (in Dollars per share) | $4.17 | $0.18 |
| Basic (in Shares) | 1.2M shares | 1.2M shares |
| Diluted (in Shares) | 1.2M shares | 1.2M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 2 fiscal years (annual) or 2 quarters (quarterly), latest first.3
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Cash | $11.0M | $2.9M |
| Restricted cash | $1.1M | $0 |
| Accounts receivable, net of allowance for doubtful accounts | $66.5M | $33.8M |
| Inventory, net | $4.2M | $4.5M |
| Prepaid expenses and other current assets | $6.1M | $4.8M |
| Total current assets | $88.8M | $46.0M |
| Property and Equipment, net | $6.0M | $5.5M |
| Intangible assets, net | $31.0M | $25.1M |
| Goodwill | $31.6M | $23.0M |
| Restricted cash | $0 | $194.0K |
| Restricted investment | $250.0K | $56.0K |
| Investment in marketable securities at fair value | $4.7M | $1.5M |
| Operating lease right of use asset | $7.8M | $8.6M |
| Security deposits and other long-term assets | $687.0K | $572.0K |
| Total other assets | $76.0M | $59.1M |
| Total assets | $170.8M | $110.6M |
| Line of credit | $3.8M | $23.0M |
| Accounts payable - trade | $98.2M | $32.0M |
| Accrued expenses and other current liabilities | $10.2M | $7.5M |
| Dividends payable | $1.6M | $2.3M |
| Current portion of earnout | $2.6M | $1.3M |
| Current portion of long-term debt | $911.0K | $1.3M |
| Current portion of subordinated promissory note-related party | $1.2M | $1.6M |
| Current portion of operating lease liabilities | $2.1M | $2.4M |
| Total current liabilities | $120.7M | $71.4M |
| Long-term debt | $7.2M | $3.0M |
| Long-term portion of earnout | $1.1M | $2.1M |
| Subordinated promissory notes-related party | $1.8M | $3.4M |
| Mandatorily redeemable non-controlling interest | $3.1M | $1.5M |
| Deferred income taxes | $4.5M | $2.5M |
| Long-term operating lease liabilities | $6.3M | $6.6M |
| Other liabilities | $285.0K | $531.0K |
| Total other liabilities | $24.3M | $19.8M |
| Total liabilities | $145.0M | $91.1M |
| 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 September 30, 2025 and September 30, 2024, respectively | $1.0K | $1.0K |
| Paid-in capital | $17.7M | $17.1M |
| Common treasury stock, at cost, 20,000 shares | -$240.0K | -$240.0K |
| Accumulated earnings | $8.3M | $2.7M |
| Total stockholders equity | $25.8M | $19.5M |
| Total liabilities and stockholders equity | $170.8M | $110.6M |
| Preferred stock, par value (in Dollars per share) | $0.00 | $0.00 |
| Preferred stock, shares authorized (in Shares) | 100.0K shares | 100.0K shares |
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 |
| Common stock, shares authorized (in Shares) | 4.5M shares | 4.5M shares |
| Common stock, shares issued (in Shares) | 1.2M shares | 1.2M shares |
| Common stock, shares outstanding (in Shares) | 1.2M shares | 1.2M shares |
| Treasury Stock, at cost (in Shares) | 20.0K shares | 20.0K shares |
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Cash | $11.0M | $2.9M |
| Restricted cash | $1.1M | $0 |
| Accounts receivable, net of allowance for doubtful accounts | $66.5M | $33.8M |
| Inventory, net | $4.2M | $4.5M |
| Prepaid expenses and other current assets | $6.1M | $4.8M |
| Total current assets | $88.8M | $46.0M |
| Property and Equipment, net | $6.0M | $5.5M |
| Intangible assets, net | $31.0M | $25.1M |
| Goodwill | $31.6M | $23.0M |
| Restricted cash | $0 | $194.0K |
| Restricted investment | $250.0K | $56.0K |
| Investment in marketable securities at fair value | $4.7M | $1.5M |
| Operating lease right of use asset | $7.8M | $8.6M |
| Security deposits and other long-term assets | $687.0K | $572.0K |
| Total other assets | $76.0M | $59.1M |
| Total assets | $170.8M | $110.6M |
| Line of credit | $3.8M | $23.0M |
| Accounts payable - trade | $98.2M | $32.0M |
| Accrued expenses and other current liabilities | $10.2M | $7.5M |
| Dividends payable | $1.6M | $2.3M |
| Current portion of earnout | $2.6M | $1.3M |
| Current portion of long-term debt | $911.0K | $1.3M |
| Current portion of subordinated promissory note-related party | $1.2M | $1.6M |
| Current portion of operating lease liabilities | $2.1M | $2.4M |
| Total current liabilities | $120.7M | $71.4M |
| Long-term debt | $7.2M | $3.0M |
| Long-term portion of earnout | $1.1M | $2.1M |
| Subordinated promissory notes-related party | $1.8M | $3.4M |
| Mandatorily redeemable non-controlling interest | $3.1M | $1.5M |
| Deferred income taxes | $4.5M | $2.5M |
| Long-term operating lease liabilities | $6.3M | $6.6M |
| Other liabilities | $285.0K | $531.0K |
| Total other liabilities | $24.3M | $19.8M |
| Total liabilities | $145.0M | $91.1M |
| 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 September 30, 2025 and September 30, 2024, respectively | $1.0K | $1.0K |
| Paid-in capital | $17.7M | $17.1M |
| Common treasury stock, at cost, 20,000 shares | -$240.0K | -$240.0K |
| Accumulated earnings | $8.3M | $2.7M |
| Total stockholders equity | $25.8M | $19.5M |
| Total liabilities and stockholders equity | $170.8M | $110.6M |
| Preferred stock, par value (in Dollars per share) | $0.00 | $0.00 |
| Preferred stock, shares authorized (in Shares) | 100.0K shares | 100.0K shares |
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 |
| Common stock, shares authorized (in Shares) | 4.5M shares | 4.5M shares |
| Common stock, shares issued (in Shares) | 1.2M shares | 1.2M shares |
| Common stock, shares outstanding (in Shares) | 1.2M shares | 1.2M shares |
| Treasury Stock, at cost (in Shares) | 20.0K shares | 20.0K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Net income (loss) | $5.7M | $551.0K |
| Recovery of uncollectible accounts | $80.0K | -$37.0K |
| Depreciation | $645.0K | $551.0K |
| Deferred income tax provision | -$257.0K | $196.0K |
| Amortization of intangible assets | $2.7M | $2.3M |
| Amortization of acquired inventory valuation | $934.0K | $342.0K |
| Amortization of loan costs | $296.0K | $81.0K |
| Stock based compensation | $490.0K | $321.0K |
| Unrealized (gain) loss on marketable securities | -$3.1M | $41.0K |
| Change in fair value of earnout | $434.0K | $774.0K |
| Change in fair value of mandatorily redeemable noncontrolling interest | $385.0K | $964.0K |
| Gain on extinguishment | $0 | -$22.0K |
| Accounts receivable | -$25.2M | -$4.5M |
| Inventory | -$103.0K | $39.0K |
| Prepaid expenses and other current assets | -$2.1M | -$250.0K |
| Security deposits and other long-term assets | -$638.0K | $19.0K |
| Accounts payable and accrued expenses | $62.9M | $5.3M |
| Other liabilities | -$102.0K | $181.0K |
| Net cash provided by operating activities | $43.1M | $6.8M |
| Acquisition of property and equipment, net of disposals | -$590.0K | -$1.0M |
| Investment in marketable securities (net of dividends) | -$240.0K | -$42.0K |
| Acquisition of Indco shares | -$1.4M | $0 |
| Acquisitions, net of cash acquired | -$11.9M | -$3.9M |
| Earnout payment | -$1.1M | -$740.0K |
| Net cash used in investing activities | -$15.2M | -$5.6M |
| Dividends paid to preferred stockholders | -$1.0M | -$84.0K |
| Dividends paid to non-controlling interest | -$243.0K | $0 |
| Proceeds from (Repayments of) term loan | $3.1M | -$2.3M |
| Proceeds from (Repayments of) Lines of credit, net | -$18.5M | $3.3M |
| Repayment of subordinated promissory note-related party | -$2.2M | -$1.5M |
| Repayment of acquisition loan, net | -$800.0K | $0 |
| Option Expense | $785.0K | $0 |
| Net cash used in financing activities | -$18.9M | -$574.0K |
| Net increase in cash | $9.0M | $621.0K |
| Interest | $1.6M | $2.0M |
| Income taxes | $861.0K | $585.0K |
| Contingent earnout acquisition | $250.0K | $64.0K |
| Due to former owner | $0 | $740.0K |
| Airschott subordinated promissory note | $0 | $1.2M |
| Airschott contingent deferred consideration | $0 | $952.0K |
| Dividends declared to preferred stockholders | $384.0K | $328.0K |
| Extinguishment of related party debt | $540.0K | $0 |
No quarter-by-quarter statement was filed.
Leadership
Who has led JANEL CORP, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerDarren Clay Seirer Dec 3, 2025 to now15
- Chief executive officerBrendan James Killackey Mar 19, 2015 to Aug 31, 201816
- Chief executive officerWilliam J. Lally Nov 1, 2013 to Nov 1, 201317
- Chief executive officerJames N. Jannello Oct 21, 2010 to Oct 21, 201018
- ChairDarren Clay Seirer Dec 3, 2025 to now15
- PresidentDarren Clay Seirer Dec 3, 2025 to now15
- PresidentWilliam J. Lally Oct 21, 2010 to Nov 1, 201319
- Chief financial officerNathan Colin Shandy Aug 11, 2025 to now20
- Chief financial officerJoseph Raymond Ferrara Feb 22, 2024 to Feb 22, 202421
- Chief financial officerVincent Verde Aug 12, 2022 to Aug 12, 202222
- Chief financial officerCarlos Pla May 9, 2017 to May 15, 201723
- Chief financial officerBrian Aronson Jun 10, 2016 to Sep 6, 201624
- Chief financial officerPhilip J. Dubato Nov 1, 2013 to Aug 18, 201525
- Chief operating officerVincent Iacopella Nov 1, 2013 to Nov 1, 201326
- Chief operating officerWilliam J. Lally Oct 21, 2010 to Oct 21, 201019
Board members and other officers (18)
- OfficerDominique Schulte Oct 4, 2021 to Oct 4, 202127
- CIOBrendan James Killackey Aug 13, 2020 to Sep 1, 202028
- Secretary & TreasurerVincent Verde May 16, 2018 to May 16, 201829
- SR Managing Director NE RegionJohn Joseph Gonzalez Ii. Dec 23, 2014 to Dec 23, 201430
- Vice PresidentNoel J. Jannello Oct 21, 2010 to Nov 1, 201331
- EVP of FinancePhilip J. Dubato Oct 21, 2010 to Oct 21, 201032
- SecretaryRuth Werra Oct 21, 2010 to Oct 21, 201033
- Board memberGregory B. Graves Jun 23, 2023 to now34
- Board memberRyan Karen Miller Oct 8, 2021 to now35
- Board memberGregory J. Melsen Jan 10, 2018 to now36
- Board memberJohn Joseph Gonzalez Ii. Oct 3, 2018 to now37
- Board memberDominique Schulte Apr 4, 2017 to Aug 15, 202238
- Board memberBrendan James Killackey Sep 19, 2014 to Aug 12, 202239
- Board memberNicholas Ferrara V. Oct 20, 2010 to Oct 20, 201040
- Board memberJames N. Jannello Oct 21, 2010 to Oct 21, 201018
- Board memberNoel J. Jannello Oct 21, 2010 to Nov 1, 201331
- Board memberWilliam J. Lally Oct 21, 2010 to Nov 1, 201319
- Board memberVincent Iacopella Oct 26, 2010 to Oct 26, 201041
Named in SEC Form D filings
People the company listed in its private-offering notices.
Former names
Timeline
Filings
150 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 21 major events, 89 insider forms, 8 large holders, 2 private raises, 10 other. The latest 20:
- Oct 2, 20264 PRIMARY DOCUMENT EDGAR
- Oct 2, 20264 PRIMARY DOCUMENT EDGAR
- Oct 2, 20264 PRIMARY DOCUMENT EDGAR
- Oct 2, 20264 PRIMARY DOCUMENT EDGAR
- Oct 2, 20264 PRIMARY DOCUMENT EDGAR
- Sep 15, 20264 PRIMARY DOCUMENT EDGAR
- Sep 11, 20264 PRIMARY DOCUMENT EDGAR
- Aug 7, 202610-Q EDGAR
- Jun 4, 20264 PRIMARY DOCUMENT EDGAR
- May 29, 20264 PRIMARY DOCUMENT EDGAR
- May 15, 20264 PRIMARY DOCUMENT EDGAR
- May 8, 202610-Q EDGAR
- Feb 13, 202610-Q EDGAR
- Feb 6, 20268-K EDGAR
- Jan 5, 20268-K EDGAR
- Jan 2, 20268-K EDGAR
- Dec 18, 2025ARS EDGAR
- Dec 18, 2025DEF 14A EDGAR
- Dec 5, 202510-K EDGAR
- Dec 3, 20253 EDGAR
The 150 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
59 open-market trades by officers, directors and large owners since October 2021: 58 buys and 1 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 14, 2026 | GRAVES GREGORY BDirector | Buy | 300 | $50.00 | $15.0K | Form 4 |
| Sep 11, 2026 | GRAVES GREGORY BDirector | Buy | 95 | $48.00 | $4.6K | Form 4 |
| Sep 9, 2026 | GRAVES GREGORY BDirector | Buy | 400 | $50.00 | $20.0K | Form 4 |
| Jun 2, 2026 | GRAVES GREGORY BDirector | Buy | 225 | $42.00 | $9.4K | Form 4 |
| May 28, 2026 | GRAVES GREGORY BDirector | Buy | 900 | $44.11 | $39.7K | Form 4 |
| May 14, 2026 | GRAVES GREGORY BDirector | Buy | 205 | $47.50 | $9.7K | Form 4 |
| May 13, 2026 | GRAVES GREGORY BDirector | Buy | 270 | $48.00 | $13.0K | Form 4 |
| Mar 11, 2025 | GRAVES GREGORY BDirector | Buy | 207 | $32.00 | $6.6K | Form 4 |
| Mar 10, 2025 | GRAVES GREGORY BDirector | Buy | 300 | $33.00 | $9.9K | Form 4 |
| Feb 21, 2025 | GRAVES GREGORY BDirector | Buy | 200 | $36.25 | $7.2K | Form 4 |
| Feb 20, 2025 | GRAVES GREGORY BDirector | Buy | 129 | $35.25 | $4.5K | Form 4 |
| Feb 19, 2025 | GRAVES GREGORY BDirector | Buy | 250 | $34.40 | $8.6K | Form 4 |
| Feb 18, 2025 | GRAVES GREGORY BDirector | Buy | 200 | $38.00 | $7.6K | Form 4 |
| Dec 12, 2024 | GRAVES GREGORY BDirector | Buy | 439 | $35.44 | $15.6K | Form 4 |
| Dec 11, 2024 | GRAVES GREGORY BDirector | Buy | 700 | $35.45 | $24.8K | Form 4 |
| Sep 19, 2024 | GRAVES GREGORY BDirector | Buy | 100 | $40.50 | $4.0K | Form 4 |
| Sep 5, 2024 | GRAVES GREGORY BDirector | Buy | 200 | $41.00 | $8.2K | Form 4 |
| Sep 4, 2024 | GRAVES GREGORY BDirector | Buy | 300 | $40.00 | $12.0K | Form 4 |
| Aug 19, 2024 | GRAVES GREGORY BDirector | Buy | 182 | $39.00 | $7.1K | Form 4 |
| Aug 5, 2024 | van Kesteren GerardDirector | Buy | 13,000 | $35.00 | $455.0K | Form 4 |
All 59 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Oaxaca Group L.L.C.SCHEDULE 13D/A, 2 filings Sep 12, 2022 to Dec 3, 202543
- van Kesteren FoundationSC 13G, 1 filing Nov 2, 202344
- John Joseph Gonzalez Ii.SC 13D/A, 1 filing Aug 26, 202245
- John EidingerSC 13G/A, 1 filing Apr 8, 202246
Money raised
Private offerings the company reported to the SEC on Form D.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARJANEL CORP filings on SEC EDGAR
- 2
- 3SEC EDGARJANEL CORP 10-K for fiscal 2025
- 4SEC EDGARJANEL CORP filings on SEC EDGAR
- 5
- 6SEC EDGARJANEL CORP 10-K for fiscal 2018
- 7SEC EDGARJANEL CORP 10-K for fiscal 2019
- 8SEC EDGARJANEL CORP 10-K for fiscal 2020
- 9SEC EDGARJANEL CORP 10-K for fiscal 2021
- 10SEC EDGARJANEL CORP 10-K for fiscal 2022
- 11SEC EDGARJANEL CORP 10-K for fiscal 2023
- 12SEC EDGARJANEL CORP 10-Q for fiscal 2026
- 13SEC EDGARJANEL CORP 10-Q for fiscal 2026
- 14SEC EDGARJANEL CORP 10-K for fiscal 2018
- 15
- 16
- 17
- 18
- 19SEC EDGARWilliam J. Lally, President
- 20
- 21
- 22
- 23SEC EDGARCarlos Pla, Chief financial officer
- 24
- 25
- 26
- 27SEC EDGARDominique Schulte, Officer
- 28SEC EDGARBrendan James Killackey, CIO
- 29SEC EDGARVincent Verde, Secretary & Treasurer
- 30
- 31SEC EDGARNoel J. Jannello, Vice President
- 32SEC EDGARPhilip J. Dubato, EVP of Finance
- 33SEC EDGARRuth Werra, Secretary
- 34SEC EDGARGregory B. Graves, Board member
- 35SEC EDGARRyan Karen Miller, Board member
- 36SEC EDGARGregory J. Melsen, Board member
- 37
- 38SEC EDGARDominique Schulte, Board member
- 39
- 40SEC EDGARNicholas Ferrara V., Board member
- 41SEC EDGARVincent Iacopella, Board member
- 42
- 43
- 44
- 45
- 46SEC EDGARJohn Eidinger SC 13G/A on JANEL CORP