Every 10-Q that Elite Express Holding Inc. (ETS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ETS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ETS filings page.
Elite Express Holding Inc. reported revenue of $766,422 for the three months ended August 31, 2026, up 20.9% from a year earlier, and $2,298,549 for the nine months, up 17.5%. Nine-month gross profit was $334,161, compared with a $7,588 gross loss a year earlier; net loss was $3,403,184, compared with $498,484. Quarterly net loss was $760,138 versus $185,881.
FedEx remained the sole customer, accounting for 100% of revenue. Operating cash use was $4,741,858 for the nine months, and cash was $3,003,589 as of August 31, 2026. Loans receivable were $11,549,811 at that date. A private placement closed June 4, 2026, issuing 32,000,000 Class A shares at $0.25 each for $8,000,000 in gross proceeds. The company’s unallocated shelf would permit, following effectiveness, offerings with an aggregate offering price of up to $300,000,000; it had not been declared effective and no securities had been sold under it.
Elite Express Holding Inc., a FedEx‑exclusive last‑mile delivery provider in California, generated $726,829 of revenue for the quarter ended May 31, 2026, up 15.3% year over year, and $1,532,127 for the six‑month period, up 15.9%. Better cost control and higher volume shifted results from a prior‑year gross loss to a six‑month gross profit of $238,402.
Intensive investment in technology sharply increased losses. The company recorded a six‑month net loss of $2,643,046 (vs. $312,603 a year earlier), driven by $2.15M of R&D expense for a proprietary, AI‑enabled logistics platform and higher general and administrative costs. Operating activities used $4,344,650 of cash, but an $8.0M Class A share private placement and interest from $9.65M of loans receivable lifted cash to $5,235,991 and stockholders’ equity to $18,548,821 as of May 31, 2026. All revenue continues to come from FedEx under an ISP agreement renewed through January 1, 2027, so performance remains highly dependent on that single relationship.
Elite Express Holding Inc. reports higher revenue but a continued loss for the quarter ended February 28, 2026. Revenue rose to $805,298 from $692,143, driven mainly by more e-commerce and activity-based deliveries, turning last year’s gross loss into a gross profit of $157,365.
Net loss narrowed to $110,104 from $204,999, helped by $198,737 of interest income on short-term loans made with IPO proceeds. Cash fell to $68,065 as the company deployed funds into $9,949,811 of loans receivable and large professional-service prepayments.
Management highlights working capital of about $11.8 million, with upcoming May 2026 loan maturities key to near-term liquidity. After quarter-end, the company agreed to a private placement of 32,000,000 new Class A shares at $0.25 for expected gross proceeds of $8 million, which has not yet closed.
Elite Express Holding Inc. (ETS) filed its Q3 2025 10‑Q, reporting modest revenue growth and a larger loss as it transitioned to public-company operations. Revenue for the three months ended August 31, 2025 was $633,865, up from $590,375 a year earlier, while net loss widened to $185,881. For the nine months ended August 31, 2025, revenue was $1,956,258 with a net loss of $498,484.
Cash and cash equivalents rose to $13,553,137, driven by the August IPO of 3,800,000 Class A shares at $4.00 per share for gross proceeds of about $15.2 million and net proceeds of $13,717,940. Total assets were $15,192,022 and total liabilities were $312,652, resulting in stockholders’ equity of $14,879,370.
The company remains highly concentrated, with 100% of revenue from FedEx under an ISP agreement. As of October 9, 2025, 16,716,672 common shares were outstanding, consisting of 12,550,005 Class A and 4,166,667 Class B shares.