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Elite Express Holding Inc.
ETSCIK 0002053641NasdaqEmerging GrowthTrucking & Courier Services (No Air)DelawareATFY ends Nov 30
Period
FY 2025
Revenue
$2.67M
Net Income
$-2.19M
Total Assets
$13.71M
Equity
$13.19M
Shares Out
16.72M
Op. Cash Flow
$-2.82M
Business
Elite Express Holding Inc. is a foreign private issuer in Trucking & Courier Services (No Air), headquartered in Austria. Shares trade on Nasdaq under the ticker ETS.
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Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-11-30 | FY 2024 2024-10-31 |
|---|---|---|---|
| REVENUE | 3 | 2 | |
| Cost of service | 253,091 | 172,228 | |
| Cost of labor | 1 | 1 | |
| Depreciation and amortization | 254,306 | 220,858 | |
| Fuel | 402,750 | 368,108 | |
| Maintenance and repairs | 276,502 | 258,481 | |
| Total cost of revenue | 3 | 2 | |
| GROSS PROFIT (LOSS) | 18,211 | 66,987 | |
| General and administrative expenses | 2 | 122,462 | |
| R&D expenses | 922,772 | — | |
| Total operating expenses | 3 | 122,462 | |
| LOSS FROM OPERATIONS | −3 | −55,475 | |
| Interest income (expense) | 191,475 | −27,808 | |
| Other income | 21,285 | 5,164 | |
| Total other income (expense) | 212,760 | −22,644 | |
| LOSS BEFORE INCOME TAX BENEFIT | −2 | −78,119 | |
| Income tax benefit | −105,098 | −384 | |
| NET LOSS | −2 | −77,735 | |
| Loss per common share - basic (in dollars per share) | −0.16 | — | |
| Loss per common share - diluted (in dollars per share) | −0.16 | — | |
| Weighted average shares - basic (in shares) | 14 | — | |
| Weighted average shares - diluted (in shares) | 14 | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-11-30 | FY 2024 2024-11-30 | FY 2024 2024-10-31 | FY 2023 2023-11-30 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 1 | 170,157 | — | — | |
| Accounts receivable | 72,582 | 56,485 | — | — | |
| Loans receivable | 10 | — | — | — | |
| Prepaid D&O insurance | 102,443 | — | — | — | |
| Prepaid expenses and other current assets | 898,191 | 113,260 | — | — | |
| TOTAL CURRENT ASSETS | 12 | 339,902 | — | — | |
| Plant and equipment | 167,008 | 279,790 | — | — | |
| Intangible assets | 487,600 | 542,800 | — | — | |
| Goodwill | 668,858 | 668,858 | — | — | |
| TOTAL ASSETS | 14 | 2 | — | — | |
| Accounts payable | 20,918 | 21,000 | — | — | |
| Insurance premium financing payable | 71,470 | — | — | — | |
| Tax payable | 2,400 | 800 | — | — | |
| TOTAL CURRENT LIABILITIES | 513,155 | 348,660 | — | — | |
| Deferred tax liability | — | 106,698 | — | — | |
| TOTAL LIABILITIES | 513,155 | 455,358 | — | — | |
| COMMITMENTS AND CONTINGENCIES | — | — | — | — | |
| Additional paid-in capital | 16 | 2 | — | — | |
| Adjustments in retained earnings | −2 | −309,009 | — | — | |
| TOTAL STOCKHOLDERS' EQUITY | 13 | 1 | −31,953 | 39,962 | |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 14 | 2 | — | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-11-30 | FY 2024 2024-10-31 |
|---|---|---|---|
| Net loss | −2 | −77,735 | |
| Amortization of intangible assets | 55,200 | — | |
| Depreciation of plant and equipment | 199,106 | 220,858 | |
| Accrued interest income | −179,309 | — | |
| Deferred tax benefit | −106,698 | 1,016 | |
| Accrued current income tax expense | 1,600 | — | |
| (Decrease) increase in accounts receivable | −16,097 | 57,433 | |
| Increase in prepaid D&O insurance | −102,443 | — | |
| Increase in prepaid expenses and other current assets | −605,623 | −1,000 | |
| (Decrease) increase in accounts payable | −82 | — | |
| (Decrease) increase in other payables and other current liabilities | 120,546 | 3,203 | |
| Net cash provided by (used in) operating activities | −3 | 203,775 | |
| Purchase of plant and equipment | −86,325 | — | |
| Loans made to non-related companies | −10 | — | |
| Net cash used in investing activities | −10 | — | |
| Capital contributions from stockholders | 630,000 | — | |
| Payment of deferred offering costs | −346,078 | — | |
| Repayment of borrowings from related parties | −29,038 | — | |
| Net proceeds from Initial Public Offering | 14 | — | |
| Borrowing from a related party | — | −205,452 | |
| Borrowing from premium finance | 142,197 | — | |
| Repayment to premium finance | −70,727 | — | |
| Stockholders' withdraw | — | 10,457 | |
| Net cash provided by (used in) financing activities | 14 | −194,995 | |
| Net increase in cash | 1 | 8,780 | |
| Cash paid for income taxes | 1,600 | 1,000 | |
| Cash paid for interest | 1,740 | 27,808 |
Filings
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