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FLYE on Nasdaq

Fly-E Group, Inc.

Fly-E Group, Inc. is an American motor vehicles and passenger car bodies company.1 It is headquartered in Queens, New York.1 Its shares trade on Nasdaq under the symbol FLYE.1

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Last updated Oct 21, 2026.

Overview

$19.1MRevenue, fiscal 20262
-$9.3MNet income, fiscal 20262

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  • TickerFLYE on Nasdaq1
  • IndustryMotor Vehicles & Passenger Car Bodies1
  • HeadquartersQueens, New York1
  • Incorporated inDE3
  • Business address136-40 39Th Ave., Ste202, Queens, Ny 113543
  • Filer category, Emerging growth company3

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UCC and other applicable laws, including taking possession of the collateral and selling it.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

24.4%Gross margin2
-33.8%Operating margin2
-48.6%Net margin2
-25.0%Revenue growth, 20262
-53.1%Return on equity2
0.34×Debt to equity2
-$13.9MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Revenueswholesale brought in 61% of the revenue Fly-E Group, Inc. broke down this way in fiscal 2026.

  1. Revenueswholesale$11.6M261%up 228% from 2025
  2. Retail$6.9M236%down 68% from 2025
  3. Revenues Rental Services$580.0K23%up 237% from 2025
Products and services by year
Products and services20252026
Revenueswholesale$3.5M$11.6M
Retail$21.7M$6.9M
Revenues Rental Services$171.9K$580.0K

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue76¢$14.4M
  • Research and development2¢$340.9K
  • Other costs21¢$4.0M
  • Income tax2¢$328.7K

Out of $19.1M in revenue.2 The company lost money this year.

Financial statements

Revenue672$19.1M in 2026−12% since 2023
0$10.0M$20.0M$30.0M$40.0M2023: $21.8M$21.8M20232024: $32.2M$32.2M2024+48%2025: $25.4M$25.4M2025−21%2026: $19.1M$19.1M2026−25%
Gross profit672$4.7M in 2026−44% since 2023
0$5.0M$10.0M$15.0M2023: $8.3M$8.3M20232024: $13.1M$13.1M2024+58%2025: $10.5M$10.5M2025−20%2026: $4.7M$4.7M2026−55%
Operating income672-$6.4M in 2026
-$7.5M-$5.0M-$2.5M0$2.5M$5.0M2023: $2.3M$2.3M20232024: $3.3M$3.3M2024+41%2025: -$4.6M-$4.6M20252026: -$6.4M-$6.4M2026+41%
Net income672-$9.3M in 2026
-$10.0M-$5.0M0$5.0M2023: $1.4M$1.4M20232024: $1.9M$1.9M2024+37%2025: -$5.3M-$5.3M20252026: -$9.3M-$9.3M2026+75%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2026-03-312025-03-31
Revenues$19.1M$25.4M
Cost of Revenues$14.4M$15.0M
Gross Profit$4.7M$10.5M
Selling Expenses$3.5M$7.4M
General and Administrative Expenses$7.6M$7.6M
Total Operating Expenses$11.1M$15.0M
Loss from Operations-$6.4M-$4.6M
Other (Income) Expenses, net-$684.8K$10.6K
Interest Expenses, net-$1.8M-$405.6K
Loss Before Income Taxes-$8.9M-$5.0M
Income Tax Expenses-$328.7K-$336.2K
Net Loss-$9.3M-$5.3M
Foreign currency translation adjustment$13.8K-$27.2K
Total Comprehensive Loss-$9.2M-$5.3M
Losses per Share - Basic (in Dollars per share)-$8.38-$21.95
Losses per Share - Diluted (in Dollars per share)-$8.38-$21.95
Weighted Average Number of Common Stock Basic (in Shares)1.1M shares241.1K shares
Weighted Average Number of Common Stock Diluted (in Shares)1.1M shares241.1K shares

Compare Fly-E Group, Inc. with another company

Corporate structure

Fly-E Group, Inc. sits at the top of its group. 13 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Fly-E Group, Inc. Queens, New York
    • AOFL LLC Subsidiary · New York, United States
    • FLY DELIVERY INC. Subsidiary · New York, United States
    • FLY E-BIKE, INC. Subsidiary · Delaware, United States
    • FLY EV, INC. Subsidiary · Delaware, United States
    • FLYDC INC. Subsidiary · Washington, United States
    • FLYE ELYX INC. Subsidiary · New York, United States
    • FLYEBIKE BOSTON INC. Subsidiary · Massachusetts, United States
    • FLYEBIKE INC Subsidiary · New York, United States
    • FLYEBIKE WORLD INC. Subsidiary · New York, United States
    • FLYLA INC. Subsidiary · California, United States
    • GOBIKE INC Subsidiary · New York, United States
    • UNIVERSE KING CORP Subsidiary · New York, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Fly-E Group, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$7.5M2 Mar 31, 2026$8.2M2 Mar 31, 2025−7.8%
Accumulated depreciation$1.2M2 Mar 31, 2026$863.6K2 Mar 31, 2025+34.7%
Property and equipment, net$5.8M2 Mar 31, 2026$7.3M2 Mar 31, 2025−20.5%
Operating-lease assets (leased space)$4.3M2 Mar 31, 2026$10.9M2 Mar 31, 2025−60.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$840.1K7 Mar 31, 2025$1.4M7 Mar 31, 2024−40.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$431.2K2 Mar 31, 2026$525.9K2 Mar 31, 2025−18.0%
Finite-lived intangibles, gross$608.1K2 Mar 31, 2026$592.6K2 Mar 31, 2025+2.6%
Accumulated amortization$176.9K2 Mar 31, 2026$66.7K2 Mar 31, 2025+165.0%
Finite-lived intangibles, net$431.2K2 Mar 31, 2026$525.9K2 Mar 31, 2025−18.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$2.3M2 Mar 31, 2026$6.4M2 Mar 31, 2025−63.5%

Properties, in its own words

Our corporate and executive offices that we own are located in 136-40 39th Avenue, Suite 202, Flushing, NY 11354, encumbered by debt. In addition, we lease a warehouse in Maspeth, New York, where we assemble all of our vehicles. The warehouse, which is approximately 52,264 square feet, is under one lease that is due to expire on April 30, 2029, at a current annual rent of approximately $1.2 million.

We believe our facilities are sufficient to meet our needs in the near term, as we expand our operations, we may require additional space in which to assemble our vehicles and we do not have any commitments for such space. All of our retail stores are leased. For the year ended March 31, 2026 and 2025, we paid an aggregate of $1.6 million and $2.9 million, respectively, for the spaces used for retail stores.

Item 2 of the 10-K filed Jul 23, 2026.5

Leadership

Who has led Fly-E Group, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Zhou Ou2024

Chief financial officer

  1. Ruifeng Guo2024
  2. Shiwen Feng2024

Chief operating officer

  1. Rui Ricky Feng2024
2025
Board members and other officers (6)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • AOFL LLC New York4
  • FLY DELIVERY INC. New York4
  • FLY E-BIKE, INC. Delaware4
  • FLY EV, INC. Delaware4
  • FLYDC INC. Washington, D.C.4
  • FLYE ELYX INC. New York4
  • FLYEBIKE BOSTON INC. Massachusetts4
  • FLYEBIKE INC New York4
  • FLYEBIKE WORLD INC. New York4
  • FLYLA INC. California4
  • GOBIKE INC New York4
  • UNIVERSE KING CORP New York4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Sep 14, 20268-K Executive or director change18
  2. Sep 11, 20268-K Executive or director change19
  3. Sep 3, 20268-K Listing notice or transfer20
  4. Jul 29, 20268-K Other events21
  5. Jul 23, 20268-K Listing notice or transfer22
  6. Jun 17, 20268-K Shareholder vote23
  7. Apr 27, 20268-K Other events24
  8. Apr 21, 20268-K Listing notice or transfer25
  9. Mar 12, 20268-K Change of auditor26
  10. Mar 5, 20268-K Listing notice or transfer; Other events27
  11. Feb 5, 20268-K Executive or director change28
  12. Dec 29, 20258-K Listing notice or transfer29
  13. Jun 4, 2024New chief executive Zhou Ou becomes CEO11

Calendar

When it reported results

  1. Jul 16, 2025Reported quarterly or annual results30
  2. Feb 20, 2025Reported quarterly or annual results31
  3. Nov 20, 2024Reported quarterly or annual results32
  4. Aug 19, 2024Reported quarterly or annual results33
  5. Jul 1, 2024Reported quarterly or annual results34

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

110 filings to the SEC since October 2021: 3 annual reports, 7 quarterly reports, 38 major events, 10 insider forms, 52 other. The latest 20:

  1. Sep 14, 20268-K/A AMENDMENT NO. 1 TO FORM 8-K EDGAR
  2. Sep 11, 20268-K CURRENT REPORT EDGAR
  3. Sep 3, 20268-K CURRENT REPORT EDGAR
  4. Sep 1, 202610-Q QUARTERLY REPORT EDGAR
  5. Aug 14, 2026NT 10-Q NOTIFICATION OF LATE FILING EDGAR
  6. Jul 29, 20268-K CURRENT REPORT EDGAR
  7. Jul 23, 20268-K CURRENT REPORT EDGAR
  8. Jul 23, 202610-K ANNUAL REPORT EDGAR
  9. Jun 30, 2026NT 10-K NOTIFICATION OF LATE FILING EDGAR
  10. Jun 17, 20268-K CURRENT REPORT EDGAR
  11. May 26, 2026ARS EDGAR
  12. May 26, 2026DEF 14A DEFINITIVE PROXY STATEMENT EDGAR
  13. May 13, 2026PRE 14A PRELIMINARY PROXY STATEMENT EDGAR
  14. Apr 27, 20268-K CURRENT REPORT EDGAR
  15. Apr 21, 20268-K CURRENT REPORT EDGAR
  16. Apr 21, 202610-Q QUARTERLY REPORT EDGAR
  17. Mar 12, 20268-K CURRENT REPORT EDGAR
  18. Mar 5, 20268-K CURRENT REPORT EDGAR
  19. Feb 17, 2026NT 10-Q NOTIFICATION OF LATE FILING EDGAR
  20. Feb 5, 20268-K CURRENT REPORT EDGAR

The 110 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2026Zhou Ou$100.0K35
2025Chief Executive Officer$100.0K35

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Citadel Advisors LLC14,702$31.0K0.0%New
Geode Capital Management, LLC13,015$27.5K0.0%−13,208
Vanguard Fiduciary Trust Co10,714$22.6K0.0%No change
Vanguard Capital Management LLC7,066$14.9K0.0%No change
Tower Research Capital LLC (TRC)1,763$3.7K0.0%−1,147
UBS Group AG218$4600.0%New
Hrt Financial LP19,442$410.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Fly-E Group, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFly-E Group, Inc.1
  • CIK0001975940
  • Employer ID (EIN)92-09810805
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsMarch 311
  • Industry code (SIC)3711 Motor Vehicles & Passenger Car Bodies1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address136-40 39Th Ave., Ste202, Queens, NY 113541
  • Phone(929) 261-99791
  • Shares outstanding1,632,386 as of Sep 1, 202610
  • Public float$20.2M as of Sep 30, 20255
  • AuditorFortune CPA, Inc, Garden Grove, CA PCAOB ID 6901; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceAug 14, 20231
  • Filings110 in all: 8-K (37), 3 (9), CORRESP (9), UPLOAD (8), 10-Q (7), NT 10-Q (7), S-1/A (5), DEF 14A (4)1
    All 23 form types

    PRE 14A (4), 10-K (3), 424B4 (2), EFFECT (2), NT 10-K (2), S-1 (2), 4 (1), 8-A12B (1), 8-K/A (1), ARS (1), CERT (1), DRS (1), DRS/A (1), DRSLTR (1), FWP (1)

  • Latest filingsAnnual report (10-K) Jul 23, 2026
    Quarterly report (10-Q) Sep 1, 2026
    Proxy statement (DEF 14A) May 26, 2026
    Latest 8-K (8-K) Sep 11, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareFLYEThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Jul 23, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks Fly-E Group, Inc. names in Item 1A of its 10-K filed Jul 23, 2026: 45 risks under these headings, as written.5

  • Risks Related to the Company’s Business, Operations, and Industry
  • Risks Related to Our Securities
  • An adverse determination in any significant product liability claim against us could materially adversely affect our business, results of operations or financial condition.
  • We are subject to a pending securities class action lawsuit, and we may become subject to additional legal proceedings that could adversely affect our business, financial condition, and results of operations.
  • We may be unable to meet our growing production plans and delivery plans, any of which could harm our business and prospects.
  • We are dependent on a limited number of principal vendors in China for a significant portion of our vehicle components, and the inability of these vendors to deliver necessary components of our products according to our schedule and at prices, quality levels and volumes acceptable to us, or our inability to efficiently manage these components, could have a material adverse effect on our financial condition and operating results.
  • The current tensions in international trade policies and rising political tensions, particularly between the United States and China, may adversely impact our business and operating results.
  • We rely on third parties for quality control on the parts sourced from China.
  • Our success will depend on our ability to economically produce our vehicles at scale, and our ability to produce vehicles of sufficient quality and appeal to customers on schedule and at scale is unproven.
  • Changes in our supply chain may result in increased cost. If we are unsuccessful in our efforts to control and reduce supplier costs and manage inventory at optimal levels, our operating results will suffer.
  • Increases in costs, disruption of supply, or shortage of materials used to manufacture the component parts used in our vehicles, including potential risks stemming from the conflict between Russia and Ukraine, could harm our business.
  • Our vehicles may not perform in line with customer expectations.
The other 35 risks
  • Our future growth is dependent on the demand for, and upon consumers’ willingness to adopt electric vehicles.
  • The electric mobility industry is subject to rapidly changing and often complex regulatory environments.
  • We may be unable to adequately control the costs associated with our operations.
  • We may not succeed in establishing, maintaining and strengthening our brand, which could materially and adversely affect customer acceptance of our products, which could in turn materially affect our business, results of operations or financial condition.
  • We have a relatively short operating history, which makes it difficult to evaluate our future prospects, forecast financial results, and assess the risks and challenges we may face.
  • There is substantial doubt about our ability to continue as a going concern.
  • We identified material weaknesses in our internal control over financial reporting. If we are unable to remediate these material weaknesses, or identify additional material weaknesses in the future or otherwise fail to maintain an effective system of internal controls, we may not be able to accurately or timely report our financial condition or results of operations, which may adversely affect our business and stock price.
  • The markets in which we operate are in their infancy and highly competitive, and we may not be successful in competing in this industry.
  • We are dependent upon our executives for their services and any interruption in their ability to provide their services could cause us to cease operations.
  • Our management team does not have any experience in operating a publicly traded company.
  • We may need to defend ourselves against patent or trademark infringement claims, which may be time-consuming and would cause us to incur substantial costs.
  • If we are unable to adequately establish, maintain, protect and enforce our intellectual property and proprietary rights, our reputation may be harmed, we may be subject to litigation, and our business may be adversely affected.
  • Improper activities by third parties, exploitation of encryption technology, new data-hacking tools and discoveries and other events or developments may result in future intrusions into or compromise of our networks and technology systems.
  • We may be unable to improve our existing products and develop and market new products that respond to customer needs and preferences and achieve market acceptance.
  • We have limited experience servicing our vehicles, and if we are unable to address the service requirements of our customers, our business could be materially and adversely affected.
  • Significant product repair and/or replacement due to product warranty claims or product recalls could have a material adverse impact on our business, results of operations or financial condition.
  • If our vehicle owners customize our vehicles or change the charging infrastructure with aftermarket products, the vehicle may not operate properly, which may create negative publicity and could harm our business.
  • An active, liquid and orderly trading market for our common stock may not develop or be maintained, and our stock price may be volatile.
  • Our directors and executive officers will continue to exercise significant control over us, which will limit your ability to influence corporate matters and could delay or prevent a change in corporate control.
  • The price of our common stock may be volatile and fluctuate substantially and rapidly, which could result in the loss of a significant part of your investment.
  • We incur increased costs as a result of being a publicly traded company.
  • If securities or industry analysts do not publish research or reports about us, or if they adversely change their recommendations regarding our common stock, then our stock price and trading volume could decline.
  • We are an “emerging growth company” and we cannot be certain if the reduced disclosure requirements applicable to “emerging growth companies” will make our common stock less attractive to investors.
  • We are a “smaller reporting company” and, even if we no longer qualify as an emerging growth company, we may still be subject to reduced reporting requirements.
  • We may issue shares of preferred stock in the future, which could make it difficult for another company to acquire us or could otherwise adversely affect holders of our common stock, which could depress the price of our common stock.
  • We have never declared or paid any cash dividends or distributions on our capital stock. We do not anticipate paying any cash dividends on our common stock in the foreseeable future.
  • Future sales of our common stock in the public market could reduce our stock price, and any additional capital raised by us through the sale of equity or convertible securities may dilute your ownership in us.
  • Delaware law and provisions in our amended and restated certificate of incorporation and bylaws could make a merger, tender offer or proxy contest difficult, thereby depressing the trading price of our common stock.
  • Our management is required to devote a substantial amount of time to comply with public company regulations.
  • We are subject to an SEC investigation, which could adversely affect our business, financial condition, results of operations and stock price.
  • We are subject to a securities class action lawsuit and may be subject to similar litigation in the future, which could adversely affect our business, financial condition, results of operations and stock price.
  • There can be no assurance that we will be able to comply with the continued listing standards of Nasdaq.
  • FINRA sales practice requirements may limit a stockholder’s ability to buy and sell our common stock.
  • Holders of the Warrants will have no rights as a common stockholder until they acquire our common stock.
  • If securities or industry analysts do not publish or cease publishing research or reports about us, our business or our market, or if they change their recommendations regarding our securities adversely, our stock price and trading volume could decline.

Legal proceedings

We may be subject to legal proceedings, investigations and claims incidental to the conduct of our business from time to time. As a provider of consumer products, we are, from time to time, subject to civil litigation regarding those products and intellectual property rights of third parties, including in publicly-available court filings. We are not currently a party to, nor are we aware of, any legal proceedings, investigations or claims which, in the opinion of our management, are likely to have a material adverse effect on our business, financial condition or results of operations.

On January 21, 2026, the Company was notified by the U.S. Securities and Exchange Commission (the “Commission”) that it has initiated an investigation involving the Company. The Company has not been provided with substantive details regarding the investigation, and is fully cooperating with the investigation.

The opening of Item 3, Legal Proceedings.5

Sources

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    SEC EDGAROther events
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    SEC EDGAROther events
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