Elite Express Holding Inc. income statement
In fiscal 2025, Elite Express Holding Inc. reported revenue of $2.7m, operating income of −$2.5m (a -93.9% margin) and net income of −$2.2m, or −$0.16 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2025Nov 2025 | LTMAug 2026 |
|---|---|---|
| Revenue | 2,666 | 3,008 |
| Cost of revenue | 2,648 | 2,648 |
| Gross profit | 18 | 360 |
| Research and development | 923 | — |
| General and administrative | 1,599 | 3,210 |
| Operating income | −2,504 | −5,923 |
| Income before tax | −2,291 | −5,132 |
| Income tax | −105 | −41 |
| Net income | −2,186 | −5,091 |
| Diluted EPS | −$0.16 | −$0.22 |
| Diluted shares (average) | 14m | 23m |
| EBITDA | −2,305 | −5,832 |
| Quarter | 2024 Q3Aug 2024 | 2025 Q1Feb 2025 | 2025 Q2May 2025 | 2025 Q3Aug 2025 | 2025 Q4Nov 2025 | 2026 Q1Feb 2026 | 2026 Q2May 2026 | 2026 Q3Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 590 | 692 | 630 | 634 | 710 | 805 | 727 | 766 |
| Cost of revenue | 620 | 725 | 612 | 627 | 684 | 648 | 646 | 671 |
| Gross profit | −30 | −32 | 18 | 7 | 26 | 157 | 81 | 96 |
| Research and development | — | — | — | — | — | — | 2,150 | 0 |
| General and administrative | 39 | 284 | 142 | 152 | 1,022 | 465 | 706 | 1,017 |
| Operating income | −69 | −316 | −124 | −145 | −1,919 | −307 | −2,775 | −921 |
| Interest expense | — | 0 | — | — | — | 1 | 2 | −1 |
| Income before tax | −77 | −311 | −107 | −143 | −1,730 | −109 | −2,533 | −760 |
| Income tax | 0 | −106 | 0 | 43 | −43 | 2 | 0 | 0 |
| Net income | −77 | −205 | −108 | −186 | −1,688 | −110 | −2,533 | −760 |
| Diluted EPS | — | −$0.01 | −$0.00 | −$0.00 | −$0.04 | −$0.00 | −$0.05 | −$0.02 |
| EBITDA | −8 | −268 | −75 | −94 | −1,867 | −305 | −2,755 | −905 |
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