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Elite Express Q3 rev. up 7.4% YoY, net loss down 142.9% YoY.
ByAinvest
Tuesday, Oct 14, 2025 6:26 am ET1min read
• Elite Express Holding Inc. reports Q3 revenue of $633,865, a 7.4% YoY increase. • Net loss of $185,881, a 142.9% decrease compared to Q3 2024. • Company achieved its first quarterly gross profit.
Elite Express Holding Inc. (ETS), a California-based provider of last-mile delivery services, reported its third-quarter financial results for the period ended August 31, 2025. The company reported revenue of $633,865, a 7.4% year-over-year (YoY) increase compared to the same period in 2024 [1]. Despite the revenue growth, the company incurred a net loss of $185,881, representing a 142.9% decrease compared to the net loss of $76,526 for the same period in 2024 [1].The quarter saw a significant milestone for ETS, as the company achieved its first quarterly gross profit of $6,817, a $36,606 increase from a gross loss of $29,789 in the same period last year [1]. This improvement was primarily driven by increased revenue, as activity-based revenue accounted for $477,705, or 75.4% of total revenue, compared to $414,445, or 70.2%, in the same period in 2024 [1]. Fixed revenue, including weekly service charges and branding-related revenue, declined from $175,797 to $155,644, a decrease of $20,153, or 11.5%, primarily due to a reduction in baseline weekly compensation [1].
General and administrative expenses for the company increased by $112,320, or 285.9%, to $151,600 for the three months ended August 31, 2025, from $39,280 for the same period in 2024 [1]. This increase was mainly due to legal and accounting fees, primarily related to audit services, financial reporting, and regulatory compliance, totaling $53,449, and payroll expenses associated with personnel supporting corporate governance, internal controls, and administrative operations, amounting to $76,853 [1].
Looking ahead, ETS is focused on expanding its fleet, leveraging technology to scale operations, and diversifying beyond its sole customer, FedEx, to capture new growth opportunities. The company believes that with e-commerce demand continuing to rise, it is well positioned to deliver sustainable long-term value for its shareholders [1].
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