Elite Performance Holding Corp. Reports No Revenue and Significant Net Losses in Q3 2025

Elite Performance Holding Corp. reported its financial results for the third quarter and the first nine months of 2025, revealing a continued trend of significant net losses and minimal revenue generation. For the three months ending September 30, 2025, the company recorded no revenue, consistent with the same period in 2024. The gross loss for the quarter was $653, a slight increase from the previous year’s loss of $0. For the nine-month period, the company also reported no revenue, down from $681 in the same period last year, while the gross loss improved to $1,304 from $4,879.

The company’s operating expenses for the third quarter totaled $330,742, an increase from $274,950 in the same quarter of 2024. Notably, consulting expenses surged to $170,591 from $63,156, attributed to adjustments in the value of shares and warrants issued for consulting services. General and administrative expenses decreased to $58,062 from $100,783, reflecting a reduction in operational activities. The net loss for the third quarter was $305,119, a decrease from $358,322 in the prior year, primarily due to increased other income, which rose to $116,000 from $2,700.

In terms of strategic developments, Elite Performance continues to focus on its flagship product, the B.Y.L.T.® sports beverage, which aims to combine hydration, endurance, fat oxidation, and muscle recovery benefits. The company has retained key executives with extensive experience in the beverage industry to spearhead its marketing and distribution efforts. Additionally, the company is pursuing geographic expansion and plans to launch its products in a series of regional rollouts.

As of September 30, 2025, Elite Performance reported an accumulated deficit of $12,132,885 and a working capital deficit of $3,101,914. The company’s total current assets remained stable at $14,075, while total current liabilities increased to $3,130,944 from $2,718,734 at the end of 2024. Cash used in operating activities for the nine months was $363,763, an improvement from $586,973 in the same period last year, indicating a potential for better cash management.

Looking ahead, the company acknowledges substantial doubt regarding its ability to continue as a going concern, emphasizing the need for additional capital to support ongoing operations and product development. Elite Performance is actively seeking new debt or equity financing to bolster its financial position and implement its business plan. The management remains optimistic about the potential for growth in the sports beverage market, which is projected to reach $15 billion by 2027, and is focused on leveraging its unique product offerings to capture market share.