Elite Express Holding (ETS) Income Statement

Elite Express Holding reported revenue of $2.67M in fiscal 2025 (fiscal year ended Nov 30, 2025), up 9.1% from $2.44M a year earlier. Elite Express Holding posted a net loss of $2.19M, compared with a net loss of $378.44K a year earlier. Gross margin was 10.2% and operating margin -93.9%. In the most recent quarter, Q3 fiscal 2026 (ended Aug 31, 2026), revenue was $766.42K, up 20.9% from the same quarter a year earlier.

Elite Express Holding Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Elite Express Holding Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023
Period ending	Nov 2025	Nov 2024	Nov 2023
Revenue & Gross Profit
Revenue	2.67	2.44	2.43
Cost of Revenue	2.39	2.18	2.25
Gross Profit	0.27	0.26	0.17
Operating Expenses
Research & Development	0.92	-	0.00
Selling, General & Administrative	1.60	0.41	0.36
Operating Expenses	2.78	0.66	0.36
Operating Income	-2.50	-0.40	-0.19
Other Income/Expense
Interest Income	0.19	-	0.00
Interest Expense	0.19	-0.03	0.03
Other Income/Expense	0.02	0.01	0.01
Income
Income Before Tax	-2.29	-0.42	-0.21
Income Tax Expense	-0.11	-0.04	0.00
Net Income	-2.19	-0.38	-0.21
Net Income - Continuous Operations	-2.19	-	-0.21
Net Income - Discontinued Operations	-	-	-
EBITDA	-2.25	-0.15	0.05
EBIT	-2.50	-0.40	-0.18
Depreciation & Amortization	0.25	0.25	0.23
Earnings Per Share
Basic EPS	-	-	-
Diluted EPS	-	-	-
Basic Shares Outstanding	13.97	12.92	16.72
Diluted Shares Outstanding	13.97	12.92	16.72

Source: Company financial statements from annual and quarterly filings. Data as of Aug 31, 2026. Data sources and methodology

Frequently Asked Questions About Elite Express Holding Financial Statements

What was Elite Express Holding's revenue in fiscal 2025?

Elite Express Holding reported revenue of $2.67M in fiscal 2025 (fiscal year ended Nov 30, 2025). That was up 9.1% from $2.44M a year earlier.

Is Elite Express Holding profitable?

No. Elite Express Holding reported a net loss of $2.19M in fiscal 2025. In fiscal 2024 it lost $378.44K.

What is Elite Express Holding's operating margin?

Elite Express Holding's operating income was −$2.50M on revenue of $2.67M in fiscal 2025, an operating margin of -93.9%, compared with -16.3% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition