Elite Express Q3 net loss widens to $760,138
ETS•Elite Express Holding’s third-quarter 2026 net loss widened to $760,138 as general and administrative expenses rose. Revenue increased 21% year over year to $766,422, and gross margin improved to 12.5%.
1. Quarterly results
Elite Express Holding’s third-quarter 2026 net loss widened to $760,138, while revenue rose 21% year over year to $766,422 and gross margin improved to 12.5%. General and administrative expenses climbed to $1.02 million, primarily due to higher professional fees, payroll and franchise tax expenses.
2. Third-party loans
During the quarter, additional loans to unrelated third-party borrowers totaled $1.9 million, carried 5% annual interest and matured in 12 months.
