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Elite Express Holding (ETS) Q3 FY26 earnings results (third quarter fiscal 2026)

10-Q filed Oct 14, 2026

Elite Express Holding (ETS) reported revenue of $766K for the third quarter fiscal 2026 (Q3 FY26), +21% from a year earlier and +5% from the quarter before. Operating margin was -120.2%, net loss $760K (99.2% of revenue).

Revenue$766K
Year over year+21%
Quarter over quarter+5%
Operating margin-120.2%
Net earnings−$760K

Elite Express Holding, Q3 FY26: revenue $766K (+21% year over year), operating margin -120.2%, net loss $760K, operating cash flow −$397K. The chart follows the revenue to costs, profit and cash.

Q3 FY26AmountQ/QY/Y
Revenue$766K+5%+21%
Operating profit−$921K——
Net earnings−$760K——
Operating cash flow−$397K——

What changed

Revenue was $766K in Q3 FY26, up 21% year over year and up 5% from the previous quarter.

Gross margin was 12.5%, up 11.4 points from Q3 FY25. Operating costs exceeded revenue by $921K, an operating margin of -120.2%. Operating expenses grew 571% against revenue growth of 21%. The quarter ended with a net loss of $760K, narrower than the previous quarter's $2.5M loss. Non-operating items added $161K, -21% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was −$397K. Non-cash charges added back $30K of depreciation and amortization. Working capital and other items added $333K.

Questions

What was Elite Express Holding's revenue in the third quarter fiscal 2026?

Elite Express Holding (ETS) reported revenue of $766K for the third quarter fiscal 2026 (Q3 FY26), +21% from a year earlier and +5% from the quarter before.

Was Elite Express Holding profitable in the third quarter fiscal 2026?

Operating loss was $921K (-120.2% of revenue) and net loss $760K.

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Source: Elite Express Holding 10-Q on SEC EDGAR.