Filing Flows › Elite Express Holding (ETS) › Q2 FY26
Elite Express Holding (ETS) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Jul 14, 2026
Elite Express Holding (ETS) reported revenue of $727K for the second quarter fiscal 2026 (Q2 FY26), +15% from a year earlier and -10% from the quarter before. Operating margin was -381.8%, net loss $2.5M (348.5% of revenue).
Elite Express Holding, Q2 FY26: revenue $727K (+15% year over year), operating margin -381.8%, net loss $2.5M, operating cash flow −$3.1M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $727K | -10% | +15% |
| Operating profit | −$2.8M | — | — |
| Net earnings | −$2.5M | — | — |
| Operating cash flow | −$3.1M | — | — |
What changed
Revenue was $727K in Q2 FY26, up 15% year over year and down 10% from the previous quarter.
Gross margin was 11.1%, up 8.3 points from a year earlier. Operating costs exceeded revenue by $2.8M, an operating margin of -381.8%. Operating expenses grew 1915% against revenue growth of 15%. The quarter ended with a net loss of $2.5M, wider than the previous quarter's $110K loss.
Operating cash flow was −$3.1M. Non-cash charges added back $34K of depreciation and amortization. Working capital and other items used $597K.
Questions
What was Elite Express Holding's revenue in the second quarter fiscal 2026?
Elite Express Holding (ETS) reported revenue of $727K for the second quarter fiscal 2026 (Q2 FY26), +15% from a year earlier and -10% from the quarter before.
Was Elite Express Holding profitable in the second quarter fiscal 2026?
Operating loss was $2.8M (-381.8% of revenue) and net loss $2.5M.