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ETS on Nasdaq

Elite Express Holding Inc.

In its 2026 annual report the company says: “We are a holding company incorporated in Delaware. Through our wholly owned subsidiary, JAR Transportation Inc, a California-based operating entity, we specialize in last-mile delivery services within California. Our core business focuses on retrieving packages from distribution hubs and ensuring their prompt and secure delivery to recipients’ doorsteps.”4 It is headquartered in Laguna Hills, California.1 Its shares trade on Nasdaq under the symbol ETS.1

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Last updated Oct 21, 2026.

Overview

$2.7MRevenue, fiscal 20252
-$2.2MNet income, fiscal 20252

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  • TickerETS on Nasdaq1
  • IndustryTrucking & Courier Services (No Air)1
  • HeadquartersLaguna Hills, California1
  • Incorporated inDE3
  • Business address23046 Avenida De La Carlota, Suite 600, Laguna Hills, Ca 926533
  • Filer category, Emerging growth company3

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We are a holding company incorporated in Delaware. Through our wholly owned subsidiary, JAR Transportation Inc, a California-based operating entity, we specialize in last-mile delivery services within California. Our core business focuses on retrieving packages from distribution hubs and ensuring their prompt and secure delivery to recipients’ doorsteps. Committed to innovation and efficiency, our mission is to optimize last-mile logistics by providing efficient, reliable, and innovative delivery solutions.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

0.7%Gross margin2
-93.9%Operating margin2
-82.0%Net margin2
-16.6%Return on equity2
-$2.9MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue72¢$2.6M
  • Research and development25¢$922.8K
  • Income tax3¢$105.1K

Out of $2.7M in revenue.2 The company lost money this year.

Financial statements

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2025-11-302024-10-31
REVENUE$2.7M$2.2M
Cost of service$253.1K$172.2K
Cost of labor$1.5M$1.1M
Depreciation and amortization$254.3K$220.9K
Fuel$402.8K$368.1K
Maintenance and repairs$276.5K$258.5K
Total cost of revenue$2.6M$2.1M
GROSS PROFIT (LOSS)$18.2K$67.0K
General and administrative expenses$1.6M$122.5K
R&D expenses$922.8K
Total operating expenses$2.5M$122.5K
LOSS FROM OPERATIONS-$2.5M-$55.5K
Interest income (expense)$191.5K-$27.8K
Other income$21.3K$5.2K
Total other income (expense)$212.8K-$22.6K
LOSS BEFORE INCOME TAX BENEFIT-$2.3M-$78.1K
Income tax benefit-$105.1K-$384
NET LOSS-$2.2M-$77.7K
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)14.0M shares
Weighted average shares - diluted (in shares)14.0M shares

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Corporate structure

Elite Express Holding Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Elite Express Holding Inc.

  • Elite Express Holding Inc. Laguna Hills, California

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Elite Express Holding Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$382.2K2 Nov 30, 2025$295.9K2 Nov 30, 2024+29.2%
Accumulated depreciation$215.2K2 Nov 30, 2025$16.1K2 Nov 30, 2024+1235.0%
Property and equipment, net$167.0K2 Nov 30, 2025$279.8K2 Nov 30, 2024−40.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.3M2 Nov 30, 2025$170.2K2 Nov 30, 2024+669.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$668.9K2 Nov 30, 2025$668.9K2 Nov 30, 20240%
Intangible assets, net (excluding goodwill)$487.6K2 Nov 30, 2025$542.8K2 Nov 30, 2024−10.2%

Properties, in its own words

Our principal executive office is located in 23046 Avenida de la Carlota, Suite 600, Laguna Hills, CA 92653. Our office space covers an area of approximately 320 square feet, with a term from January 14, 2025 to January 31, 2026, renewed for another year to January 31, 2027. The lease will automatically renew for another year unless we provide notification for lease termination at least three months prior to the end of the current term with no binding obligation to renew. We plan to renew the lease in accordance with its terms when needed. As of the date of this annual report, we have no reason to believe that this lease agreement will not be renewed upon the expiration of the current term. We believe our office space is adequate for the time being. However, there may be a need to secure additional office space in the future should it better serve our requirements.

Item 2 of the 10-K filed Feb 27, 2026.4

Leadership

Who has led Elite Express Holding Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (10)

Timeline

  1. Oct 14, 20268-K Results of operations16
  2. Sep 8, 20268-K Executive or director change; Shareholder vote17
  3. Aug 7, 20268-K Other events18
  4. Jul 14, 20268-K Results of operations19
  5. Jun 8, 20268-K Unregistered sale of shares; Executive or director change20
  6. Apr 30, 20268-K Listing notice or transfer21
  7. Apr 13, 20268-K Results of operations22
  8. Mar 11, 20268-K Entered a material agreement; Unregistered sale of shares23
  9. Feb 27, 20268-K Results of operations24
  10. Dec 16, 20258-K Entered a material agreement; Executive or director change25
  11. Dec 5, 20258-K Change of auditor; Executive or director change26
  12. Nov 26, 20258-K Executive or director change27

Calendar

Coming up

  1. Around Jan 14, 2027Next results, estimated About a quarter after its last report. The company hasn't announced the date.

When it reported results

  1. Oct 14, 2026Reported quarterly or annual results16
  2. Jul 14, 2026Reported quarterly or annual results19
  3. Apr 13, 2026Reported quarterly or annual results22
  4. Feb 27, 2026Reported quarterly or annual results24
  5. Oct 14, 2025Reported quarterly or annual results28

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

62 filings to the SEC since October 2021: 2 annual reports, 4 quarterly reports, 16 major events, 10 insider forms, 7 large holders, 23 other. The latest 20:

  1. Oct 14, 20268-K EDGAR
  2. Oct 14, 202610-Q EDGAR
  3. Oct 9, 2026S-3/A EDGAR
  4. Sep 8, 20268-K EDGAR
  5. Aug 31, 2026S-3 EDGAR
  6. Aug 7, 20268-K EDGAR
  7. Jul 14, 20268-K EDGAR
  8. Jul 14, 202610-Q EDGAR
  9. Jul 10, 2026DEF 14A EDGAR
  10. Jun 9, 20263 OWNERSHIP DOCUMENT EDGAR
  11. Jun 8, 20268-K EDGAR
  12. Apr 30, 20268-K EDGAR
  13. Apr 13, 20268-K EDGAR
  14. Apr 13, 202610-Q EDGAR
  15. Mar 18, 202610-K/A EDGAR
  16. Mar 11, 20268-K EDGAR
  17. Mar 6, 2026DEF 14C EDGAR
  18. Feb 27, 20268-K EDGAR
  19. Feb 27, 202610-K EDGAR
  20. Feb 24, 2026PRE 14C EDGAR

The 62 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Jane Street Group, LLC25,368$21.6K0.0%−18,558
Citadel Advisors LLC20,568$17.5K0.0%−41,891
Geode Capital Management, LLC17,046$14.5K0.0%−17,227
XTX Topco Ltd16,644$14.2K0.0%−17,782
Tower Research Capital LLC (TRC)8,367$7.1K0.0%+4,386

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Elite Express Holding Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARElite Express Holding Inc.1
  • CIK0002053641
  • Employer ID (EIN)99-25161284
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsNovember 301
  • Industry code (SIC)4210 Trucking & Courier Services (No Air)1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address23046 Avenida De La Carlota, Suite 600, Laguna Hills, CA 926531
  • Phone94975806501
  • Shares outstanding12,550,005 Common Class A shares; 4,166,667 Common Class B shares as of Feb 26, 20264
  • Public float$2.4M as of Feb 26, 20264
  • AuditorAudit Alliance LLP, Singapore PCAOB ID 34874
  • On EDGAR sinceFeb 20, 20251
  • Filings62 in all: 8-K (16), 3 (10), SCHEDULE 13G (7), 10-Q (4), S-1/A (4), CORRESP (3), UPLOAD (2), 10-K (1)1
    All 23 form types

    10-K/A (1), 424B4 (1), 8-A12B (1), CERT (1), DEF 14A (1), DEF 14C (1), DRS (1), DRS/A (1), DRSLTR (1), EFFECT (1), FWP (1), PRE 14C (1), S-1 (1), S-3 (1), S-3/A (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2026
    Quarterly report (10-Q) Oct 14, 2026
    Proxy statement (DEF 14A) Jul 10, 2026
    Latest 8-K (8-K) Oct 14, 2026

Securities registered for trading

ClassSymbolExchange
Class A Common StockETSThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Elite Express Holding Inc. names in Item 1A of its 10-K filed Feb 27, 2026: 38 risks under these headings, as written.4

  • Risks Relating to Our Business and Industry
  • Our business is heavily dependent on FedEx, making us vulnerable to changes in our relationship with FedEx.
  • Our revenue recognition and financial reporting depend on information generated by FedEx systems, and limitations in our ability to obtain assurance regarding the completeness and accuracy of that information (including related controls) could adversely affect our business and our SEC reporting.
  • Our business depends on our ability to attract new customers and retain and provide services to our existing customer. Any decline in customer acquisition or retention would harm our business.
  • Our business depends on our ability to provide consistently high-quality services.
  • We experience significant seasonal fluctuations in our business.
  • If we fail to recruit or retain capable drivers or other qualified employees, we may be unable to maintain our service quality.
  • Changing fuel and energy prices, and interruptions in supplies of these commodities could materially adversely affect us.
  • Our business involves safety risks and the materialization of such risks will affect our business operations and financial results.
  • Our industry is rapidly evolving. We expect to continue to face significant competition, which could materially adversely affect us.
  • Systems failures and technological interruptions could adversely affect our business.
  • We may use AI in our business, and challenges with properly managing its use could result in reputational harm, competitive harm, and legal liability, and adversely affect our results of operations.
The other 27 risks
  • We have a limited operating history in an evolving industry, which makes it difficult to evaluate our future prospects and may increase the risk that we will not be successful.
  • If we fail to manage our growth or execute our strategies and future plans effectively, we may not be able to take advantage of market opportunities or meet the demand of our customers.
  • Our inability to effectively integrate any acquired businesses and realize the anticipated benefits of any acquisitions, joint ventures, strategic alliances or dispositions could materially adversely affect us.
  • Any acquisitions and investments that we make could require significant management attention, disrupt our business, result in dilution to our stockholders, and could adversely affect our business, operating results, and financial condition.
  • If we are unable to secure sufficient financing when needed, our ability to execute our business plan as outlined in this annual report will be impaired, which may negatively impact our business and prospects.
  • Our business could be disrupted by catastrophic events.
  • Our business and results of operations may be harmed by the misconduct of authorized employees that have access to important assets of our Company such as bank accounts and confidential information.
  • We may be the subject of detrimental conduct by third parties, which could have a negative impact on our reputation.
  • If we fail to attract, recruit, or retain our key personnel, including our executive officers, senior management, and key employees, our ongoing operations and growth could be affected.
  • Certain of the Company’s executive officers work with other companies and organizations and such other positions may create conflicts of interest in the future.
  • We may not maintain adequate insurance, which could expose us to significant costs and business disruption.
  • Legal, Regulatory, and Compliance Risks
  • We are exposed to potential regulatory and compliance risks.
  • We may be affected by global climate change or by legal, regulatory, or market responses to such change.
  • We maintain significant physical operations. Increases in operational security requirements impose substantial costs on us and we could be the target of an attack or have a security breach, which could materially adversely affect us.
  • Non-compliance with laws and regulations on the part of any third parties with which we conduct business could expose us to legal expenses, compensation to third parties, penalties, and disruptions of our business, which may adversely affect our results of operations and financial performance.
  • We may from time to time be subject to claims, controversies, lawsuits, and legal proceedings, which could adversely affect our business, prospects, results of operations, and financial condition.
  • We are subject to various U.S. anti-corruption laws, and any failure to comply with such laws, and any laws to which we may become subject, whether in existence now or hereafter, could harm our business, financial condition, and results of operations.
  • Provisions in our Bylaws could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.
  • Trading Risks
  • We are not currently in compliance with Nasdaq’s minimum bid price requirement, and if we fail to regain compliance, our common stock may be delisted from The Nasdaq Capital Market, which could materially and adversely affect the market price and liquidity of our common stock and our ability to raise capital.
  • The price of our Class A common stock could be subject to rapid and substantial volatility.
  • Our Certificate of Incorporation and Bylaws, as well as Delaware law, contain provisions that could discourage acquisition bids or merger proposals, which may adversely affect the market price of our Class A common stock and could deprive our investors of the opportunity to receive a premium for their shares.
  • If we fail to implement and maintain an effective system of internal controls, we may fail to meet our reporting obligations or be unable to accurately report our results of operations or prevent fraud, and investor confidence and the market price of our Class A common stock may be materially and adversely affected.
  • We will incur substantial increased costs as a result of being a public company.
  • We may not be able to maintain the listing of our Class A common stock on The Nasdaq Capital Market.
  • If securities or industry analysts do not publish research or reports about our business, or if they publish a negative report regarding our Class A common stock, the price of our Class A common stock and trading volume could decline.
  • The dual-class structure of our common stock has the effect of concentrating voting control with those stockholders who hold our Class B common stock. This ownership will limit or preclude your ability to influence corporate matters, including the election of directors, amendments to our organizational documents, and a change in control, merger, consolidation, sale of all or substantially all of our assets, or other major corporate transactions requiring shareholder approval.
  • We are an “emerging growth company” and a “smaller reporting company” under the JOBS Act, and we cannot be certain if the reduced disclosure requirements applicable to emerging growth companies and smaller reporting companies will make our Class A common stock less attractive to investors.

Legal proceedings

In February 2025, Pablo Aguero (a former employee of JAR, our subsidiary) filed a workers’ compensation claim with the California Workers’ Compensation Appeals Board (WCAB Case No: ADJ20520242). This claim relates to his employment in or around May 2023, prior to our acquisition of JAR. While the WCAB filing does not specify a monetary demand, Pablo Aguero previously issued a pre-litigation demand letter asserting claims totaling approximately $46,600. Pursuant to the terms of the stock purchase agreement for the acquisition of JAR, liabilities arising from pre-closing employment matters remain the responsibility of the sellers. Accordingly, the claim is currently being handled by the sellers and legal counsel designated by JAR’s employment practices liability insurance carrier. We have requested their assistance in responding to subpoenas issued in connection with the WCAB proceeding, which seek personnel and payroll records related to Pablo Aguero, and they are currently in the process of providing the requested documents. Based on the information available to date, the Company does not anticipate that the outcome of this proceeding will have a material impact on our business or financial condition.

In June 2025, Rafael Perez Linarez (a former employee of JAR, our subsidiary) filed a workers’ compensation claim with the California Workers’ Compensation Appeals Board (WCAB Case No: unassigned). This claim relates to his employment from around July 2020 to June 2022, prior to our acquisition of JAR. Pursuant to the terms of the stock purchase agreement for the acquisition of JAR, liabilities arising from pre-closing employment matters remain the responsibility of the sellers. No cost estimates are currently available.

The opening of Item 3, Legal Proceedings.4

Sources

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