Elite Express Holding Inc.
Business
Elite Express Holding Inc. is a holding company that provides last-mile delivery services in California through its wholly owned subsidiary JAR Transportation Inc., retrieving packages from distribution hubs and delivering them to recipients. The company operates a fleet of approximately 23 vehicles with approximately 26 full-time employees including 20 drivers, completing 1,100 to 1,700 stops daily. Elite Express serves a single customer, FedEx, as an exclusive independent contractor across approximately 1,665 square miles in California, generating revenue from fixed service charges and activity-based charges on a weekly basis.
Summary from 10-K filed 2026-07-01
Financials
Consolidated Statement of Income
| 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
| 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
| 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Elite Express Holding Inc.'s CIK number?
Elite Express Holding Inc.'s SEC CIK number is 0002053641 (2053641). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Elite Express Holding Inc.'s SEC filings?
All of Elite Express Holding Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Elite Express Holding Inc. last report earnings?
Elite Express Holding Inc. (ETS) most recently filed an earnings 8-K with the SEC on Jul 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-083527). This is Elite Express Holding Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Elite Express Holding Inc.'s most recent earnings 8-K?
Elite Express Holding Inc.'s latest earnings 8-K (Item 2.02) was filed Jul 14, 2026 under accession 0001104659-26-083527. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Elite Express Holding Inc.'s latest earnings 8-K →
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