ELITE EXPRESS HOLDING INC. (ETS) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ETS SEC filings page.
ELITE EXPRESS HOLDING INC. (ETS) reported $2.7M in revenue for fiscal year 2025, up 21.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Operating economics deteriorated sharply as thin gross profit could not support expanding overhead and development spending.
Cash conversion changed direction: FY2024 operating cash flow was$204K despite a-$78K net loss, while FY2025 operating cash flow fell to-$2.8M alongside a-$2.2M net loss. The pairing suggests FY2024 benefited from non-cash expense effects, but FY2025’s accounting losses were accompanied by a comparable cash drain.
The business had little gross profit to absorb costs: gross margin narrowed from
Financing, not operations, funded the balance-sheet expansion: FY2025 investing cash outflow was
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of ELITE EXPRESS HOLDING INC.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
ELITE EXPRESS HOLDING INC. has an operating margin of -93.9%, meaning the company loses $94 on every $100 of revenue. This results in a profitability score of 15/100. This is down from -2.5% the prior year.
ELITE EXPRESS HOLDING INC.'s revenue surged 21.6% year-over-year to $2.7M, reflecting rapid business expansion. This strong growth earns a score of 83/100.
ELITE EXPRESS HOLDING INC. carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 85/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 24.13, ELITE EXPRESS HOLDING INC. holds $24.13 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
ELITE EXPRESS HOLDING INC.'s reported free cash flow margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 3/100.
ELITE EXPRESS HOLDING INC. posts a -16.6% return on equity (ROE), meaning it loses $17 for every $100 of shareholders' equity. This results in a returns score of 12/100.
ELITE EXPRESS HOLDING INC. scores 47.66, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($40.4M) relative to total liabilities ($513K). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
ELITE EXPRESS HOLDING INC. reported a net loss of $2.2M while operations used $2.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
ELITE EXPRESS HOLDING INC. generated $727K in revenue in Q2 2026. This represents an increase of 15.3% from the same quarter a year earlier. Against the prior quarter it is down 9.7%.
ELITE EXPRESS HOLDING INC.'s EBITDA was -$2.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 4350.7% from the same quarter a year earlier. Against the prior quarter it is down 843.0%.
ELITE EXPRESS HOLDING INC. reported -$2.5M in net income in Q2 2026. This represents a decrease of 2253.9% from the same quarter a year earlier. Against the prior quarter it is down 2200.5%.
Cash & Balance Sheet
ELITE EXPRESS HOLDING INC. recorded an outflow of $3.1M in free cash flow in Q2 2026, representing a cash shortfall after capex. Against the prior quarter it is down 146.7%.
ELITE EXPRESS HOLDING INC. held $5.2M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
ELITE EXPRESS HOLDING INC.'s gross margin was 11.2% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 8.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.4 percentage points.
ELITE EXPRESS HOLDING INC.'s ROE was -13.7% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 6.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 12.8 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
ELITE EXPRESS HOLDING INC. invested $2.1M in research and development in Q2 2026.
ELITE EXPRESS HOLDING INC. reported no capital expenditure in Q2 2026. Against the prior quarter it is down 100.0%.
Not reported for Q2 2026.
ETS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $727K+15.3% | $805K+16.3% | $710K | $634K+7.4% | $630K | $692K | N/A | $590K |
| Cost of Revenue | $646K+5.5% | $648K-10.6% | $684K | $627K+1.1% | $612K | $725K | N/A | $620K |
| Gross Profit | $81K+350.2% | $157K+585.6% | $26K | $7K+122.9% | $18K | -$32K | N/A | -$30K |
| R&D Expenses | $2.1M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $706K+398.1% | $465K+63.8% | $1.0M | $152K+285.9% | $142K | $284K | N/A | $39K |
| Operating Income | -$2.8M-2142.3% | -$307K+2.8% | -$1.9M | -$145K-109.6% | -$124K | -$316K | N/A | -$69K |
| EBITDA | -$2.7M-4350.7% | -$291K-14.5% | -$1.9M | -$80K-852.0% | -$62K | -$254K | N/A | -$8K |
| Interest Expense | $2K | $1K | N/A | N/A | N/A | $0 | N/A | N/A |
| Income Tax | $0-100.0% | $2K+101.5% | -$43K | $43K | $400 | -$106K | N/A | $0 |
| Net Income | -$2.5M-2253.9% | -$110K+46.3% | -$1.7M | -$186K-142.9% | -$108K-120.9% | -$205K-963.1% | N/A | -$77K |
| EPS (Basic) | -$0.15-1400.0% | -$0.01+50.0% | -$0.12 | -$0.01 | -$0.01 | -$0.02 | N/A | N/A |
| EPS (Diluted) | -$0.15 | -$0.01+50.0% | -$0.12 | -$0.01 | -$0.01 | -$0.02 | N/A | N/A |
| Diluted Shares (Avg) | 17M | 17M-1.2% | N/A | 13M | 13M | 17M | N/A | N/A |
ETS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $18.8M | $13.4M | $13.7M+648.4% | $15.2M | N/A | N/A | $1.8M | N/A |
| Current Assets | $17.5M | $12.0M | $12.4M+3542.7% | $13.8M | N/A | N/A | $340K | N/A |
| Cash & Equivalents | $5.2M+9415.3% | $68K-59.5% | $1.3M+669.0% | $13.6M+21246.2% | $55K | $168K | $170K | $63K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $59K | $84K | $73K+28.5% | $55K | N/A | N/A | $56K | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $669K | $669K | $669K0.0% | $669K | N/A | N/A | $669K | N/A |
| Total Liabilities | $246K | $269K | $513K+12.7% | $313K | N/A | N/A | $455K | N/A |
| Current Liabilities | $246K | $269K | $513K+47.2% | $270K | N/A | N/A | $349K | N/A |
| Non-Current Liabilities | $0 | $0 | $0-100.0% | $43K | N/A | N/A | $107K | N/A |
| Total Equity | $18.5M+1101.8% | $13.1M+789.3% | $13.2M+858.7% | $14.9M+46666.4% | $1.5M+7902.8% | $1.5M+3731.3% | $1.4M | -$32K |
| Retained Earnings | -$5.1M | -$2.6M | -$2.5M-707.4% | -$807K | N/A | N/A | -$309K | N/A |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
ETS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.1M-101976.0% | -$1.2M-320.3% | -$2.2M | -$346K-854.9% | $3K | -$297K | N/A | $46K |
| Depreciation & Amortization | $34K-45.7% | $17K-73.4% | $66K | $64K+6.1% | $62K | $62K | N/A | $61K |
| Capital Expenditures | $0 | $6K | $6K | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | -$3.1M | -$1.3M | -$2.2M | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $300K | $44K | -$10.0M | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $8.0M+6960.8% | -$35K-112.0% | -$59K | $13.9M+47921.5% | -$116K | $295K | N/A | -$29K |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
ETS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 11.2%+8.3pp | 19.5%+24.2pp | 3.6% | 1.1%+6.1pp | 2.9% | -4.7% | N/A | -5.1% |
| Operating Margin | -381.8% | -38.1%+7.5pp | -270.4% | -22.8%-11.1pp | -19.6% | -45.7% | N/A | -11.7% |
| Net Margin | -348.5% | -13.7%+16.0pp | -237.8% | -29.3%-16.4pp | -17.1% | -29.6% | N/A | -13.0% |
| Return on Equity | -13.7%-6.7pp | -0.8%+13.1pp | -12.8% | -1.3% | -7.0% | -13.9%+36.3pp | N/A | N/A |
| Return on Assets | -13.5% | -0.8% | -12.3% | -1.2% | N/A | N/A | N/A | N/A |
| Current Ratio | 71.20 | 44.75 | 24.13+23.2x | 51.13 | N/A | N/A | 0.97 | N/A |
| Debt-to-Equity | 0.01 | 0.02 | 0.04-0.3x | 0.02 | N/A | N/A | 0.33 | N/A |
| Asset Turnover | 0.04 | 0.06 | 0.05 | 0.04 | N/A | N/A | N/A | N/A |
| FCF Margin | -426.0% | -155.8% | -308.0% | N/A | N/A | N/A | N/A | N/A |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| ELITE EXPRESS HOLDING INC. ETS | FY2025 | $2.7M | -$2.2M | -82.0% | $40.4M | 50/100 |
| Toppoint Holdings Inc. TOPP | FY2025 | $16.5M | -$7.3M | -44.4% | $3.5M | 36/100 |
| Mingzhu Logistics Hldgs Ltd YGMZ | FY2024 | $40.4M | -$6.2M | -15.3% | $104K | 28/100 |
| PAMT CORP PAMT | FY2025 | $598.1M | -$52.6M | -8.8% | $264.3M | 16/100 |
| Werner Entprise WERN | FY2025 | $3.0B | -$14.4M | -0.5% | $2.3B | 34/100 |
Where ELITE EXPRESS HOLDING INC. Ranks
Frequently Asked Questions
What is ELITE EXPRESS HOLDING INC.'s annual revenue?
ELITE EXPRESS HOLDING INC. (ETS) reported $2.7M in total revenue for fiscal year 2025. This represents a 21.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is ELITE EXPRESS HOLDING INC.'s revenue growing?
ELITE EXPRESS HOLDING INC. (ETS) revenue grew by 21.6% year-over-year, from $2.2M to $2.7M in fiscal year 2025.
Is ELITE EXPRESS HOLDING INC. profitable?
No, ELITE EXPRESS HOLDING INC. (ETS) reported a net income of -$2.2M in fiscal year 2025, with a net profit margin of -82.0%.
What is ELITE EXPRESS HOLDING INC.'s EBITDA?
ELITE EXPRESS HOLDING INC. (ETS) had EBITDA of -$2.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is ELITE EXPRESS HOLDING INC.'s gross margin?
ELITE EXPRESS HOLDING INC. (ETS) had a gross margin of 0.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is ELITE EXPRESS HOLDING INC.'s operating margin?
ELITE EXPRESS HOLDING INC. (ETS) had an operating margin of -93.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is ELITE EXPRESS HOLDING INC.'s net profit margin?
ELITE EXPRESS HOLDING INC. (ETS) had a net profit margin of -82.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is ELITE EXPRESS HOLDING INC.'s return on equity (ROE)?
ELITE EXPRESS HOLDING INC. (ETS) has a return on equity of -16.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is ELITE EXPRESS HOLDING INC.'s free cash flow?
ELITE EXPRESS HOLDING INC. (ETS) recorded an outflow of $2.9M in free cash flow during fiscal year 2025. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is ELITE EXPRESS HOLDING INC.'s operating cash flow?
ELITE EXPRESS HOLDING INC. (ETS) recorded an outflow of $2.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are ELITE EXPRESS HOLDING INC.'s total assets?
ELITE EXPRESS HOLDING INC. (ETS) had $13.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are ELITE EXPRESS HOLDING INC.'s capital expenditures?
ELITE EXPRESS HOLDING INC. (ETS) invested $86K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does ELITE EXPRESS HOLDING INC. spend on research and development?
ELITE EXPRESS HOLDING INC. (ETS) invested $923K in research and development during fiscal year 2025.
What is ELITE EXPRESS HOLDING INC.'s current ratio?
ELITE EXPRESS HOLDING INC. (ETS) had a current ratio of 24.13 as of fiscal year 2025, which is generally considered healthy.
What is ELITE EXPRESS HOLDING INC.'s debt-to-equity ratio?
ELITE EXPRESS HOLDING INC. (ETS) had a debt-to-equity ratio of 0.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is ELITE EXPRESS HOLDING INC.'s return on assets (ROA)?
ELITE EXPRESS HOLDING INC. (ETS) had a return on assets of -16.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is ELITE EXPRESS HOLDING INC.'s P/E ratio?
ELITE EXPRESS HOLDING INC. (ETS) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to May 31, 2026). The market capitalization is $40.4M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is ELITE EXPRESS HOLDING INC.'s price-to-sales ratio?
ELITE EXPRESS HOLDING INC. (ETS) trades at 14.1x sales, its market capitalization divided by revenue of $2.9M revenue, trailing 12 months to May 31, 2026. The market capitalization is $40.4M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does ELITE EXPRESS HOLDING INC.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, ELITE EXPRESS HOLDING INC. (ETS) held $1.3M in cash, cash equivalents and investments, and reported an operating cash outflow of $2.8M over that year. Dividing the one by the other, the reported balance equals about 6 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is ELITE EXPRESS HOLDING INC.'s Altman Z-Score?
ELITE EXPRESS HOLDING INC. (ETS) has an Altman Z-Score of 47.66, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
Are ELITE EXPRESS HOLDING INC.'s earnings high quality?
ELITE EXPRESS HOLDING INC. (ETS) reported a net loss of $2.2M while operations used $2.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is ELITE EXPRESS HOLDING INC.?
ELITE EXPRESS HOLDING INC. (ETS) scores 50 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.