Filing Flows › Elite Express Holding (ETS) › Q1 FY26
Elite Express Holding (ETS) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Apr 13, 2026
Elite Express Holding (ETS) reported revenue of $805K for the first quarter fiscal 2026 (Q1 FY26), +16% from a year earlier and +13% from the quarter before. Operating margin was -38.2%, net loss $110K (13.7% of revenue).
Elite Express Holding, Q1 FY26: revenue $805K (+16% year over year), operating margin -38.2%, net loss $110K, operating cash flow −$1.2M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $805K | +13% | +16% |
| Operating profit | −$307K | — | — |
| Net earnings | −$110K | — | — |
| Operating cash flow | −$1.2M | — | — |
What changed
Revenue was $805K in Q1 FY26, up 16% year over year and up 13% from the previous quarter.
Gross margin was 19.5%. Operating costs exceeded revenue by $307K, an operating margin of -38.2%. The quarter ended with a net loss of $110K, narrower than the previous quarter's $1.7M loss. Non-operating items added $199K, -183% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.2M. Non-cash charges added back $17K of depreciation and amortization. Working capital and other items used $1.2M. Capital expenditures of $6K exceeded it, leaving free cash flow of −$1.3M.
Questions
What was Elite Express Holding's revenue in the first quarter fiscal 2026?
Elite Express Holding (ETS) reported revenue of $805K for the first quarter fiscal 2026 (Q1 FY26), +16% from a year earlier and +13% from the quarter before.
Was Elite Express Holding profitable in the first quarter fiscal 2026?
Operating loss was $307K (-38.2% of revenue) and net loss $110K.