Elite Express Holding Inc. Reports Third Quarter 2026 Results
Key Highlights
- ➤Revenue $766,422, up 20.9% year over year
- ➤Gross profit $95,759; gross margin improved to 12.5% from 1.1%
- ➤Net loss widened 308.9% to $760,138
- ➤General and administrative expenses surged 570.9% to $1,017,024
- ➤Additional loans totaled $1.9 million at 5% annual interest
Expert Statements
Yidan Chen, CEO of Elite Express Holding Inc.
“Our third quarter results reflect continued growth in our delivery operations, with revenue increasing 20.9% year over year and gross profit improving significantly, demonstrating the benefits of our ongoing focus on operational execution and efficiency.”
Yidan Chen, CEO of Elite Express Holding Inc.
“During the quarter, we continued to optimize route management, fleet utilization, and labor productivity while maintaining our focus on disciplined cost management. Although higher general and administrative expenses impacted our net results, we remain focused on improving operating efficiency, pursuing disciplined growth opportunities, and building a stronger foundation for long-term shareholder value.”
LAGUNA HILLS, Calif., Oct. 14, 2026 (GLOBE NEWSWIRE) -- Elite Express Holding Inc. (“ETS” or the “Company”) (Nasdaq: ETS), a California-based provider of last-mile delivery services, today reported results for the quarter ended August 31, 2026.
For the three months ended August 31, 2026, the Company reported revenue of $766,422, representing a 20.9% increase compared with the same period in 2025. Gross profit increased to $95,759, compared with $6,817 for the same period in 2025, reflecting continued improvements in operating efficiency. The Company reported a net loss of $760,138, primarily attributable to a significant increase in general and administrative expenses, including professional fees, payroll, and franchise tax expenses.
Get started
Create a free account to read the full story.