Elite Express Holding Inc. (ETS) Income Statement
ETS FY2025 at a glance
Fiscal year ended November 30, 2025 · U.S. dollarsETS revenue and net income
Where ETS's revenue goes
FY2025Each bar shows an amount and its share of revenue. ETS kept −82.0% of revenue as net income.
ETS profit margins
ETS growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +9.9% | — | — | — |
| Gross profit | −89.4% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ETS quarterly EPS vs estimates
Elite Express beat the analyst EPS estimate in 0 of the last 2 quarters.
ETS income statement
| FY2025 | FY2023 | |
|---|---|---|
| Revenue | $2.7M | $2.4M |
| Cost of revenue | $2.6M | $2.3M |
| Gross profit | $18,211 | $171,257 |
| Research & development | $922,772 | — |
| Sales, general & admin | $1.6M | $360,977 |
| Total operating expenses | $2.5M | $360,977 |
| Operating income | −$2.5M | −$189,720 |
| Interest expense | $191,475 | $29,949 |
| Income before taxes | −$2.3M | −$210,744 |
| Income taxes | −$105,098 | −$2,354 |
| Net income | −$2.2M | −$208,390 |
| EBITDA | −$1.8M | $50,152 |
| EPS (diluted) | −$0.15 | — |
| Gross margin | 0.7% | 7.1% |
| Operating margin | −93.9% | −7.8% |
| Net margin | −82.0% | −8.6% |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | May '24 | Feb '24 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $766,422 | $726,829 | $805,298 | $709,690 | $633,865 | $630,250 | $692,143 | $589,720 | $634,220 |
| Cost of revenue | $670,663 | $645,792 | $647,933 | $683,891 | $627,048 | $612,248 | $724,550 | $606,307 | $602,323 |
| Gross profit | $95,759 | $81,037 | $157,365 | $25,801 | $6,817 | $18,000 | −$32,407 | −$16,587 | $31,897 |
| Research & development | — | $2.1M | — | — | — | $0 | — | — | — |
| Sales, general & admin | $1.0M | $706,072 | $464,606 | $1.0M | $151,600 | $141,762 | $283,619 | $34,003 | $35,016 |
| Total operating expenses | $1.0M | $2.9M | $464,606 | $1.9M | $151,600 | $141,762 | $283,619 | $34,003 | $35,016 |
| Operating income | −$921,265 | −$2.8M | −$307,241 | −$1.9M | −$144,783 | −$123,760 | −$316,026 | −$50,590 | −$3,119 |
| Interest income | — | $216,101 | $198,737 | — | — | $0 | $0 | — | — |
| Interest expense | — | — | — | $189,227 | $2,248 | $0 | $0 | $640 | $16,031 |
| Income before taxes | −$760,138 | −$2.5M | −$108,504 | −$1.7M | −$142,535 | −$107,204 | −$311,297 | −$48,418 | −$18,777 |
| Income taxes | — | — | $1,600 | −$42,546 | $43,346 | $400 | −$106,298 | $294 | $506 |
| Net income | −$760,138 | −$2.5M | −$110,104 | −$1.7M | −$185,881 | −$107,604 | −$204,999 | −$48,712 | −$19,283 |
| EBITDA | −$729,866 | −$2.5M | −$91,976 | −$1.5M | −$75,955 | −$45,036 | −$249,129 | $12,840 | $56,463 |
| EPS (diluted) | −$0.02 | −$0.15 | — | — | −$0.01 | −$0.01 | — | — | — |
| Gross margin | 12.5% | 11.1% | 19.5% | 3.6% | 1.1% | 2.9% | −4.7% | −2.8% | 5.0% |
| Operating margin | −120.2% | −381.8% | −38.2% | −270.4% | −22.8% | −19.6% | −45.7% | −8.6% | −0.5% |
| Net margin | −99.2% | −348.5% | −13.7% | −237.8% | −29.3% | −17.1% | −29.6% | −8.3% | −3.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ETS's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ETS financial results
In fiscal year 2025 (ended November 30, 2025), Elite Express reported revenue of $2.7 million, up 9.9% from the year before. It had a net loss of $2.2 million, a net profit margin of −82.0%. Diluted earnings per share came to −$0.15.
See the ETS stock overview for the latest quote and news, or the ETS chart for price history and technical indicators.
ETS income statement FAQ
What is Elite Express's annual revenue?
Elite Express reported total revenue of $2.7 million for fiscal year 2025, which ended on November 30, 2025. That was up 9.9% from $2.4 million the previous year.
Is Elite Express profitable?
No. Elite Express reported a net loss of $2.2 million in fiscal 2025, a net profit margin of −82.0%; its operating margin was −93.9%.
What is Elite Express's gross margin?
Elite Express's gross margin was 0.7% in fiscal 2025: for every $100 of revenue, Elite Express kept $1 after the direct cost of its products and services.
How much does Elite Express spend on research and development?
Elite Express spent $0.9 million on research and development in fiscal 2025, 34.6% of revenue.
What are Elite Express's earnings per share?
Elite Express earned $-0.15 per diluted share in fiscal 2025.
When does Elite Express's fiscal year end?
Elite Express's fiscal year ends in November. The latest annual report covers the year ended November 30, 2025 and was filed on February 27, 2026.