Elite Express Holding Inc. Posts Impressive Q3 2025 Performance
Elite Express Holding Inc. Reports Third Quarter Results
Elite Express Holding Inc. (NASDAQ: ETS), a prominent provider of last-mile delivery services, has announced its financial results for the quarter ending August 31, 2025. The company is situated in California and operates in a critical segment of the logistics industry.
Financial Performance Overview
For the third quarter of 2025, Elite Express Holdings reported a total revenue of $633,865. This reflects a 7.4% increase compared to the previous year's third quarter, where the revenue was $590,375. Despite the growth in revenue, the company faced a net loss of $185,881, which is a significant increase from a loss of $76,526 in Q3 2024.
Key Insights from the CEO
Yidan Chen, the CEO of Elite Express, highlighted that this quarter marks the first announcement of earnings since the company went public earlier in the same year. "Achieving a 7.4% year-over-year revenue growth and our first quarterly gross profit is a testament to our operational strengths amid the growing e-commerce demand," Chen stated. He also acknowledged the rise in compliance and governance expenses as the company scales its operations.
Revenue Breakdown
The revenue increase primarily stemmed from activity-based revenue, which constituted 75.4% of total revenue at $477,705, up from 70.2% last year. The decline in fixed revenue, including service fees, was attributed to a reduction in the baseline weekly compensation that contributed to a decrease from $175,797 to $155,644.
Operating Expenses and Challenges
During this quarter, the cost of revenue rose slightly to $627,048 from $620,164 in the previous year. This increase was driven mainly by higher labor costs, though it was somewhat counterbalanced by lower fuel prices and maintenance expenses. General and administrative expenses skyrocketed to $151,600, an increase of 285.9%, primarily due to increased legal and accounting fees associated with the company’s public status.
Future Growth and Strategy
Looking forward, Chen expressed optimism about Elite Express’s positioning in the competitive landscape of last-mile delivery. The company is aiming to expand its fleet and leverage technology to enhance operational efficiencies. Chen's vision emphasizes diversifying customer engagements beyond FedEx, aiming to tap into new customer segments as e-commerce demand continues to rise.
Nine-Month Financial Summary
For the nine-month period ending August 31, 2025, revenue totaled $1,956,258, a 7.8% increase from $1,814,315 in the previous year. This growth was primarily fueled by an increase in e-commerce delivery volume. However, total costs also escalated to $1,963,846, marking a 7.4% increase, as the company navigates through an evolving market and rising operational costs.
Final Thoughts and Investor Relations
Despite the challenges faced during the quarter, including increased compliance costs and operational scaling, Elite Express Holding Inc. is committed to enhancing shareholder value. As noted in their management commentary, the focus remains on harnessing technology and operational strategies to navigate a rapidly changing marketplace. Investors seeking more information can reach out through their investor relations department.
For inquiries, please contact:
Elite Express Holding Inc.
Investor Relations
(949) 758-0650
ir@eliteexpressholding.com
Frequently Asked Questions
What were Elite Express Holding Inc.'s Q3 2025 revenues?
The company reported revenues of $633,865, reflecting a 7.4% increase compared to Q3 2024.
How did the net loss in Q3 2025 compare to the previous year?
The net loss for Q3 2025 was $185,881, significantly higher than the loss of $76,526 in Q3 2024.
What factors contributed to the revenue growth?
The growth was largely attributed to an increase in activity-based revenue from last-mile delivery services.
What are the company's plans for the future?
Elite Express aims to expand its fleet, diversify its customer base, and enhance the efficiency of its operations.
How can investors get in touch with Elite Express Holding Inc.?
Investors can contact the investor relations team via phone at (949) 758-0650 or email at ir@eliteexpressholding.com.
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