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Side-by-side financial comparison of Elite Express Holding Inc. (ETS) and Innventure, Inc. (INV). Click either name above to swap in a different company.

Innventure, Inc. is the larger business by last-quarter revenue ($822.0K vs $805.3K, roughly 1.0× Elite Express Holding Inc.). Elite Express Holding Inc. runs the higher net margin — -13.7% vs -4593.8%, a 4580.1% gap on every dollar of revenue. Elite Express Holding Inc. produced more free cash flow last quarter ($-1.3M vs $-82.1M).

American Express Company or Amex is an American bank holding company and multinational financial services corporation that specializes in payment cards. It is headquartered at 200 Vesey Street, also known as American Express Tower, in the Battery Park City neighborhood of Lower Manhattan.

Innventure, Inc. is a business development and commercialization firm that partners with large global corporations to turn their underutilized intellectual property and unused R&D innovations into scalable, high-growth independent businesses. It focuses on sectors including sustainability, advanced materials and life sciences, serving primarily North American and European markets.

ETS vs INV — Head-to-Head

Bigger by revenue
INV
INV
1.0× larger
INV
$822.0K
$805.3K
ETS
Higher net margin
ETS
ETS
4580.1% more per $
ETS
-13.7%
-4593.8%
INV
More free cash flow
ETS
ETS
$80.8M more FCF
ETS
$-1.3M
$-82.1M
INV

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ETS
ETS
INV
INV
Revenue
$805.3K
$822.0K
Net Profit
$-110.1K
$-37.8M
Gross Margin
19.5%
-1315.8%
Operating Margin
-38.2%
-3859.1%
Net Margin
-13.7%
-4593.8%
Revenue YoY
Net Profit YoY
EPS (diluted)
$-0.01
$-0.18

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ETS
ETS
INV
INV
Q1 26
$805.3K
Q4 25
$822.0K
Q3 25
$633.9K
$534.0K
Q2 25
$476.0K
Q1 25
$224.0K
Q3 24
$317.0K
Net Profit
ETS
ETS
INV
INV
Q1 26
$-110.1K
Q4 25
$-37.8M
Q3 25
$-185.9K
$-28.3M
Q2 25
$-84.2M
Q1 25
$-143.0M
Q3 24
$-2.2M
Gross Margin
ETS
ETS
INV
INV
Q1 26
19.5%
Q4 25
-1315.8%
Q3 25
1.1%
-676.6%
Q2 25
-501.1%
Q1 25
17.9%
Q3 24
-145.1%
Operating Margin
ETS
ETS
INV
INV
Q1 26
-38.2%
Q4 25
-3859.1%
Q3 25
-22.8%
-5469.1%
Q2 25
-29952.5%
Q1 25
-116606.3%
Q3 24
-4313.6%
Net Margin
ETS
ETS
INV
INV
Q1 26
-13.7%
Q4 25
-4593.8%
Q3 25
-29.3%
-5305.6%
Q2 25
-17694.7%
Q1 25
-63837.9%
Q3 24
-697.5%
EPS (diluted)
ETS
ETS
INV
INV
Q1 26
$-0.01
Q4 25
$-0.18
Q3 25
$-0.01
$-0.51
Q2 25
$-1.60
Q1 25
$-3.10
Q3 24
$-0.94

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ETS
ETS
INV
INV
Cash + ST InvestmentsLiquidity on hand
$68.1K
$60.4M
Total DebtLower is stronger
$8.3M
Stockholders' EquityBook value
$13.1M
$204.2M
Total Assets
$13.4M
$599.2M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ETS
ETS
INV
INV
Q1 26
$68.1K
Q4 25
$60.4M
Q3 25
$13.6M
$9.1M
Q2 25
$7.0M
Q1 25
Q3 24
Total Debt
ETS
ETS
INV
INV
Q1 26
Q4 25
$8.3M
Q3 25
$29.5M
Q2 25
$16.8M
Q1 25
$12.3M
Q3 24
$14.9M
Stockholders' Equity
ETS
ETS
INV
INV
Q1 26
$13.1M
Q4 25
$204.2M
Q3 25
$14.9M
$190.8M
Q2 25
$218.6M
Q1 25
$261.5M
Q3 24
$-22.3M
Total Assets
ETS
ETS
INV
INV
Q1 26
$13.4M
Q4 25
$599.2M
Q3 25
$15.2M
$556.5M
Q2 25
$556.0M
Q1 25
$660.4M
Q3 24
$55.7M
Debt / Equity
ETS
ETS
INV
INV
Q1 26
Q4 25
0.04×
Q3 25
0.15×
Q2 25
0.08×
Q1 25
0.05×
Q3 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ETS
ETS
INV
INV
Operating Cash FlowLast quarter
$-1.2M
$-80.7M
Free Cash FlowOCF − Capex
$-1.3M
$-82.1M
FCF MarginFCF / Revenue
-155.9%
-9987.8%
Capex IntensityCapex / Revenue
0.8%
172.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-139.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ETS
ETS
INV
INV
Q1 26
$-1.2M
Q4 25
$-80.7M
Q3 25
$-19.6M
Q2 25
$-22.1M
Q1 25
$-14.7M
Q3 24
Free Cash Flow
ETS
ETS
INV
INV
Q1 26
$-1.3M
Q4 25
$-82.1M
Q3 25
$-20.0M
Q2 25
$-22.1M
Q1 25
$-15.6M
Q3 24
FCF Margin
ETS
ETS
INV
INV
Q1 26
-155.9%
Q4 25
-9987.8%
Q3 25
-3747.8%
Q2 25
-4637.2%
Q1 25
-6970.1%
Q3 24
Capex Intensity
ETS
ETS
INV
INV
Q1 26
0.8%
Q4 25
172.4%
Q3 25
82.2%
Q2 25
3.2%
Q1 25
409.4%
Q3 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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