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

Phunware, Inc. is the larger business by last-quarter revenue ($1.0M vs $805.3K, roughly 1.3× Elite Express Holding Inc.). Elite Express Holding Inc. runs the higher net margin — -13.7% vs -260.2%, a 246.6% gap on every dollar of revenue.

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.

Phunware Inc. is a publicly traded enterprise software company headquartered in Austin, Texas. Founded in 2009, Phunware builds cloud-based platforms that help brands and governments engage users across mobile and digital environments. Its core products include solutions for mobile app development, location-based services, digital advertising, and data-driven engagement.

ETS vs PHUN — Head-to-Head

Bigger by revenue
PHUN
PHUN
1.3× larger
PHUN
$1.0M
$805.3K
ETS
Higher net margin
ETS
ETS
246.6% more per $
ETS
-13.7%
-260.2%
PHUN

Income Statement — Q1 FY2026 vs Q2 FY2024

Metric
ETS
ETS
PHUN
PHUN
Revenue
$805.3K
$1.0M
Net Profit
$-110.1K
$-2.6M
Gross Margin
19.5%
46.5%
Operating Margin
-38.2%
-290.2%
Net Margin
-13.7%
-260.2%
Revenue YoY
-21.9%
Net Profit YoY
59.7%
EPS (diluted)
$-0.01
$-0.32

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
PHUN
PHUN
Q1 26
$805.3K
Q3 25
$633.9K
Q2 24
$1.0M
Q1 24
$921.0K
Q4 23
$941.0K
Q3 23
$1.3M
Q2 23
$1.3M
Q1 23
$1.3M
Net Profit
ETS
ETS
PHUN
PHUN
Q1 26
$-110.1K
Q3 25
$-185.9K
Q2 24
$-2.6M
Q1 24
$-2.3M
Q4 23
$-23.0M
Q3 23
$-19.0M
Q2 23
$-6.5M
Q1 23
$-4.3M
Gross Margin
ETS
ETS
PHUN
PHUN
Q1 26
19.5%
Q3 25
1.1%
Q2 24
46.5%
Q1 24
56.9%
Q4 23
47.5%
Q3 23
50.4%
Q2 23
41.3%
Q1 23
5.4%
Operating Margin
ETS
ETS
PHUN
PHUN
Q1 26
-38.2%
Q3 25
-22.8%
Q2 24
-290.2%
Q1 24
-312.1%
Q4 23
-2086.3%
Q3 23
-1060.5%
Q2 23
-470.0%
Q1 23
-498.1%
Net Margin
ETS
ETS
PHUN
PHUN
Q1 26
-13.7%
Q3 25
-29.3%
Q2 24
-260.2%
Q1 24
-248.9%
Q4 23
-2445.6%
Q3 23
-1515.9%
Q2 23
-503.8%
Q1 23
-317.6%
EPS (diluted)
ETS
ETS
PHUN
PHUN
Q1 26
$-0.01
Q3 25
$-0.01
Q2 24
$-0.32
Q1 24
$-0.33
Q4 23
Q3 23
$-0.16
Q2 23
$-0.06
Q1 23
$-0.04

Balance Sheet & Financial Strength

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

Metric
ETS
ETS
PHUN
PHUN
Cash + ST InvestmentsLiquidity on hand
$68.1K
$20.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$13.1M
$14.1M
Total Assets
$13.4M
$23.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ETS
ETS
PHUN
PHUN
Q1 26
$68.1K
Q3 25
$13.6M
Q2 24
$20.4M
Q1 24
$21.6M
Q4 23
$3.9M
Q3 23
$2.9M
Q2 23
$1.1M
Q1 23
$694.0K
Stockholders' Equity
ETS
ETS
PHUN
PHUN
Q1 26
$13.1M
Q3 25
$14.9M
Q2 24
$14.1M
Q1 24
$14.6M
Q4 23
$-11.5M
Q3 23
$6.6M
Q2 23
$17.9M
Q1 23
$21.9M
Total Assets
ETS
ETS
PHUN
PHUN
Q1 26
$13.4M
Q3 25
$15.2M
Q2 24
$23.1M
Q1 24
$24.3M
Q4 23
$6.7M
Q3 23
$27.8M
Q2 23
$40.8M
Q1 23
$45.5M

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
PHUN
PHUN
Operating Cash FlowLast quarter
$-1.2M
$-2.7M
Free Cash FlowOCF − Capex
$-1.3M
FCF MarginFCF / Revenue
-155.9%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ETS
ETS
PHUN
PHUN
Q1 26
$-1.2M
Q3 25
Q2 24
$-2.7M
Q1 24
$-5.5M
Q4 23
$-2.6M
Q3 23
$-3.3M
Q2 23
$-5.2M
Q1 23
$-7.4M
Free Cash Flow
ETS
ETS
PHUN
PHUN
Q1 26
$-1.3M
Q3 25
Q2 24
Q1 24
Q4 23
Q3 23
Q2 23
Q1 23
FCF Margin
ETS
ETS
PHUN
PHUN
Q1 26
-155.9%
Q3 25
Q2 24
Q1 24
Q4 23
Q3 23
Q2 23
Q1 23
Capex Intensity
ETS
ETS
PHUN
PHUN
Q1 26
0.8%
Q3 25
Q2 24
Q1 24
Q4 23
0.0%
Q3 23
0.0%
Q2 23
0.0%
Q1 23
0.0%

Financial Flow Comparison

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

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