---
title: "Elite Express Q1 FY2026: Revenue $0.805M, EPS $(0.01)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282586388.md"
description: "Elite Express reported Q1 FY2026 revenue of $0.805 million, a 16.3% increase year-over-year, with a net loss of $0.110 million and loss per share of $(0.01). Gross profit improved to $0.157 million (19.4% margin). The growth was driven by higher e-commerce delivery volumes, with 100% of revenue from FedEx. Operational efficiency improved with increased parcel deliveries and reduced costs. The company continues to invest in technology and staffing for expansion."
datetime: "2026-04-13T20:21:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282586388.md)
  - [en](https://longbridge.com/en/news/282586388.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282586388.md)
---

# Elite Express Q1 FY2026: Revenue $0.805M, EPS $(0.01)

Elite Express reported first-quarter fiscal 2026 revenue of $0.805 million, up 16.3% year-over-year, driven by higher activity-based volumes. The company posted a net loss of $0.110 million, with loss per common share of $(0.01), an improvement from $(0.02) a year earlier. Gross profit improved to $0.157 million (19.4% margin) while loss from operations was $(0.307) million as operating expenses rose.

**Financial Highlights**

-   **Revenue:** $0.805 million, a 16.3% increase versus prior year.
-   **Gross Profit:** $0.157 million (19.4% margin), improved from a $0.032 million loss a year ago.
-   **Loss from Operations:** $(0.307) million, essentially unchanged versus prior period (operating expenses rose 63.8%).
-   **Net Loss:** $(0.110) million, improved from $(0.205) million in the prior year, aided by interest income.
-   **Loss per Common Share — Basic and Diluted:** $(0.01), improved from $(0.02) prior year.

**Business Highlights**

-   **Revenue Drivers:** Growth was driven by higher activity-based volumes, notably in e-commerce deliveries.
-   **Customer Concentration:** 100% of revenue derived from FedEx under an ISP agreement; the contract was renewed on February 21, 2026 with higher weekly fees but some lower per-activity rates.
-   **Operational Scale & Productivity:** Daily stops averaged 1,100–1,700 with peaks above 2,000; delivered about 14% more parcels in Q1 FY2026 with improved driver productivity and reduced labor intensity.
-   **Fleet & Cost Efficiency:** Reduced maintenance and depreciation expenses versus prior year due to fleet reductions, repairs and partial integration of electric vehicles, contributing to improved gross margin.
-   **Technology & Staffing Investments:** Continued investment in GroundCloud and advanced logistics technologies, along with increased G&A to support listing efforts, staffing and planned expansion.

Original SEC Filing: Elite Express Holding Inc. \[ ETS \] - 10-Q - Apr. 13, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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