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ETS

Elite Express Holding Inc.

ETS

Elite Express Holding Inc. • NASDAQ
$0.56 ▲ 2.00% (+0.01)
Market Cap $9.36 M
52w High $4.23
52w Low $0.51
Dividend Yield 0%
P/E 0
Volume 36.15K
Outstanding Shares 16.68M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $633.865K ▲ $151.6K ▲ $-185.881K ▼ -29.325% ▼ $-0.01 ▼ $-75.955K ▼
Q2-2025 $630.25K ▼ $141.762K ▼ $-107.604K ▲ -17.073% ▲ $-0.006 ▲ $-45.036K ▲
Q1-2025 $692.143K ▲ $283.619K ▲ $-204.999K ▼ -29.618% ▼ $-0.012 ▼ $-249.129K ▼
Q2-2024 $589.72K ▼ $34.003K ▼ $-48.712K ▼ -8.26% ▼ $-0.003 ▼ $12.84K ▼
Q1-2024 $634.22K $35.016K $-19.283K -3.04% $-0.001 $56.463K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $13.553M ▲ $15.192M ▲ $312.652K ▲ $14.879M ▲
Q2-2025 $55.027K ▼ $1.79M ▼ $247.07K ▼ $1.543M ▲
Q1-2025 $168.066K $1.946M $475.248K $1.471M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-185.881K ▼ $-346.158K ▼ $-79.908K ▼ $13.924M ▲ $13.498M ▲ $-426.066K ▼
Q2-2025 $-107.604K ▲ $3.039K ▲ $0 $-116.078K ▼ $-113.039K ▼ $3.039K ▲
Q1-2025 $-204.999K ▼ $-297.091K ▼ $0 $295K ▲ $-2.091K ▼ $-297.091K ▼
Q2-2024 $-48.712K ▼ $96.563K ▲ $0 $-69.091K ▼ $27.472K ▲ $96.563K ▲
Q1-2024 $-19.283K $56.995K $0 $-40.342K $16.653K $56.995K

Five-Year Company Overview

Income Statement

Income Statement Elite Express looks more like an early-stage or pre-reporting business than a mature trucking company. The data provided show essentially no reported revenue or profit yet, and a tiny loss per share, which usually means the company is still in build-out mode, not in steady-state operations. In practice, its economics will be shaped by the FedEx contract, route density, fuel and labor costs, and how well it uses its technology to squeeze efficiency out of thin margins. Until fuller financials are available, it’s hard to judge underlying profitability or stability of earnings, so there is meaningful uncertainty here.

Balance Sheet

Balance Sheet The balance sheet information shared is essentially blank, which suggests that either public reporting is very limited so far or historic numbers are not meaningful for the current structure after the IPO. For a last‑mile carrier, the key questions will be how much it owns versus leases (vehicles and depots), how much debt it uses to fund its fleet, and how much equity cushion it has to absorb shocks like fuel spikes or volume swings. With no visible asset, debt, or equity detail, it’s difficult to assess financial resilience, so the balance sheet strength remains an open question that will depend heavily on how the company finances growth from here.

Cash Flow

Cash Flow The cash flow picture is also not visible from the data provided. For a contract carrier like Elite Express, cash flow health depends on getting paid quickly by its main customer, managing driver and fuel costs tightly, and not overextending on vehicles and equipment. Early on, cash can be lumpy as the company scales routes and invests in trucks, technology, and people ahead of revenue. Without disclosed operating or free cash flow, it’s unclear whether the business is self-funding yet or still very dependent on external capital raised around the IPO to support operations and expansion.

Competitive Edge

Competitive Edge Elite Express is tied closely to FedEx as its sole major customer, which is both its biggest strength and its largest vulnerability. The FedEx contract gives it a built‑in volume base and some protection in its assigned California territories, but it also means the business is highly dependent on the performance, pricing, and strategic choices of one partner. The company tries to stand out by being tech‑savvy, safety‑focused, and operationally sharp in a demanding region, which can matter in a low‑margin, service‑driven field. Still, last‑mile delivery is intensely competitive, with many independent contractors and logistics firms vying for similar work, so customer concentration and bargaining power sit at the center of the risk profile.

Innovation and R&D

Innovation and R&D Innovation at Elite Express is practical rather than lab‑driven. It leans on advanced third‑party software (like GroundCloud) for routing, tracking, safety monitoring, compliance, and analytics, aiming to run more efficiently and safely than smaller, less‑organized rivals. While it does not appear to own much proprietary technology, its edge may come from how well it implements and uses these tools. Management is also talking about future moves like shifting toward electric vehicles, exploring autonomous delivery, and broadening services or geography. These are long‑term, uncertain paths, but they show a willingness to adapt and invest in operational improvement more than traditional research and development.

Summary

Elite Express Holding is a young, highly focused last‑mile delivery company with a deep reliance on FedEx and a strong emphasis on technology‑enabled operations in California. Public financial detail so far is very thin, so profitability, balance sheet strength, and cash generation are hard to evaluate and should be treated as uncertain. Strategically, its main assets are its FedEx relationship, its use of advanced logistics software, and its operational know‑how in a tough market. On the other side, dependence on a single customer, exposure to low trucking margins, and the capital needs of any fleet‑based business are key challenges. How the company diversifies its customer base, manages costs, finances growth, and executes on its technology and sustainability ambitions will largely determine how its story develops from here.

NEWS

October 14, 2025 · 6:10 AM UTC

Elite Express Holding Inc. Announces Third Quarter 2025 Results

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