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FLYE

Fly-E Group, Inc. Common Stock

FLYE

Fly-E Group, Inc. Common Stock • NASDAQ
$4.48 ▼ -0.22% (-0.01)
Market Cap $4.23 M
52w High $166.00
52w Low $3.83
Dividend Yield 0%
P/E -0.09
Volume 1.34K
Outstanding Shares 944.67K

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $5.328M ▲ $3.766M ▼ $-2.009M ▲ -37.698% ▲ $-0.3 ▲ $-444.108K ▼
Q4-2025 $5.051M ▼ $4.229M ▲ $-3.284M ▼ -65.019% ▼ $-0.67 ▼ $766.642K ▲
Q3-2025 $5.678M ▼ $3.501M ▼ $-684.487K ▲ -12.055% ▲ $-0.14 ▲ $-77.893K ▲
Q2-2025 $6.824M ▼ $4.136M ▲ $-1.143M ▼ -16.746% ▼ $-0.23 ▼ $-312.288K ▼
Q1-2025 $7.873M $3.145M $-179.508K -2.28% $-0.04 $855.067K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $2.334M ▲ $33.758M ▲ $20.055M ▼ $13.704M ▲
Q4-2025 $840.102K ▼ $33.707M ▼ $23.873M ▼ $9.833M ▼
Q3-2025 $1.367M ▲ $37.24M ▼ $24.114M ▼ $13.125M ▼
Q2-2025 $1.275M ▼ $38.173M ▼ $24.34M ▼ $13.832M ▼
Q1-2025 $4.468M $41.321M $26.13M $15.191M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-2.009M ▲ $-5.284M ▼ $-408.632K ▼ $7.172M ▲ $1.494M ▲ $-5.426M ▼
Q4-2025 $-3.284M ▼ $-645.477K ▼ $-64.601K ▼ $252.168K ▲ $-527.146K ▼ $-661.361K ▼
Q3-2025 $-684.487K ▲ $-1.844K ▲ $8.797K ▲ $107.876K ▼ $92.313K ▲ $-134.798K ▲
Q2-2025 $-1.143M ▼ $-4.89M ▼ $-1.779M ▼ $3.472M ▼ $-3.193M ▼ $-6.522M ▼
Q1-2025 $-179.508K $-4.522M $-1.066M $8.654M $3.064M $-4.993M

Revenue by Products

Product Q2-2025Q3-2025Q4-2025Q1-2026
Retail
Retail
 $10.00M ▲$0 ▼$10.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Fly-E is still at a very early, almost micro-scale stage of operations. Revenue has been tiny and fairly flat over the last few years, with only a small amount of gross profit and essentially no meaningful operating profit. The most recent year slipped into a small loss after earlier years that were closer to breakeven, which suggests that costs are hard to cover at current scale. Per‑share earnings have bounced around partly because of changes in share count, not because the underlying business has transformed. Overall, this looks like an immature income statement with fragile profitability and no clear margin strength yet.

Balance Sheet

Balance Sheet The balance sheet is very light, with only a small pool of assets and essentially no visible cash cushion. Debt makes up a large share of the capital structure, while shareholder equity is thin but still positive. This combination points to a leveraged and financially delicate position, with limited room to absorb shocks. Multiple reverse stock splits also hint at past share price pressure and a need to maintain listing standards. In short, Fly-E has very little balance sheet flexibility and relies heavily on continued access to outside funding and stable creditor support.

Cash Flow

Cash Flow Cash generation from the core business is weak. Operating cash flow has hovered around breakeven and recently turned modestly negative, indicating that the company is consuming cash rather than generating it. Capital spending appears minimal, so the negative free cash flow is primarily a function of the underlying operations rather than heavy investment in physical assets. This means the business is not yet self‑funding and likely depends on equity or debt raises to keep going, which can become more difficult if legal or reputational issues persist.

Competitive Edge

Competitive Edge Fly-E has carved out a clear niche: serving urban delivery workers, especially in dense cities like New York, through a combination of e-bikes, e-motorcycles, rentals, and in‑person service centers. This local service network is a genuine differentiator versus online‑only sellers and could foster strong customer loyalty if executed well. However, the alleged misuse of safety certifications directly attacks one of its key selling points—battery safety and reliability—and has already disrupted an important public partnership. At the same time, the broader e-bike and light EV market is crowded, with many better‑capitalized competitors. As a result, Fly-E’s moat is narrow and currently under strain from legal, financial, and reputational risks.

Innovation and R&D

Innovation and R&D Fly-E’s products generally rely on industry‑standard components and technologies rather than clearly proprietary breakthroughs. Its innovation edge seems to lie more in how it packages hardware, service, and financing for delivery workers than in unique engineering. The planned mobile app and connected features follow common industry trends and might improve the user experience but do not, by themselves, create a strong technological moat. Most importantly, earlier efforts to differentiate on safety have been damaged by the lawsuit over alleged counterfeit certifications, which raises doubts about prior claims. Future innovation value will depend on transparent resolution of safety issues, visible investment in genuine R&D, and tangible smart features that clearly improve reliability and total cost of ownership for heavy users.

Summary

Fly-E looks like a very early‑stage, niche EV player with a promising customer focus but a fragile financial and strategic position. The business is tiny, not yet sustainably profitable, and reliant on external capital, with a thin balance sheet and modest but negative cash flow. Its strategy—deep focus on delivery workers supported by physical stores, rentals, and service—makes sense in theory and could build a loyal customer base if trust is restored. However, the safety‑certification controversy, combined with intense competition and limited financial resources, creates substantial uncertainty about scaling this model. The company’s future will likely hinge on resolving legal issues, rebuilding credibility around safety, demonstrating more robust financial traction, and proving that its service‑centric approach can stand out in a crowded and fast‑moving market.

NEWS

November 10, 2025 · 3:29 PM UTC

Shareholders of Fly-E Group, Inc. Should Contact The Gross Law Firm Before November 10, 2025 to Discuss Your Rights – FLYE

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November 10, 2025 · 12:09 PM UTC

FLYE Deadline Today: Rosen Law Firm Urges Fly-E Group, Inc. (NASDAQ: FLYE) Stockholders with Losses in Excess of $100K to Contact the Firm for Information About Their Rights

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November 10, 2025 · 8:45 AM UTC

The Gross Law Firm Notifies Shareholders of Fly-E Group, Inc. (FLYE) of a Class Action Lawsuit and an Upcoming Deadline

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November 9, 2025 · 3:02 PM UTC

FLYE DEADLINE NOTICE: ROSEN, LEADING INVESTOR RIGHTS COUNSEL, Encourages Fly-E Group, Inc. Investors to Secure Counsel Before Important November 10 Deadline in Securities Class Action - FLYE

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November 8, 2025 · 2:10 PM UTC

FLYE DEADLINE NOTICE: ROSEN, A GLOBAL INVESTOR RIGHTS LAW FIRM, Encourages Fly-E Group, Inc. Investors to Secure Counsel Before Important November 10 Deadline in Securities Class Action - FLYE

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