Fly-E Group (FLYE) Company Report

Fly-E Group reported a significant decline in net revenues for both the second quarter and first half of fiscal year 2026, with Q2 FY2026 net revenues decreasing by 42.7% to $3.9 million and H1 FY2026 net revenues decreasing by 37.2% to $9.2 million. This was primarily driven by a decrease in the average unit price of EVs and a decrease in total units sold, partly due to lower customer inclination to purchase E-Bikes following lithium-battery accidents.
The company's profitability worsened, reporting a net loss of $1.8 million for Q2 FY2026 (up 55.4% year-over-year) and a net loss of $3.8 million for H1 FY2026 (up 186.2% year-over-year). Consequently, basic and diluted losses per share were $2.18 for Q2 FY2026 and $6.58 for H1 FY2026.
EBITDA was negative $1.0 million for Q2 FY2026, an improvement from negative $1.2 million in the prior year, but for the first half of FY2026, EBITDA was negative $2.2 million, worsening from negative $1.1 million in the prior year period.
Despite the operational losses, the company's cash position improved, with cash increasing to $2.5 million as of September 30, 2025, from $0.8 million as of March 31, 2025.

12 hours ago

Fly-E Group, Inc. Announces 20-to-1 Reverse Stock Split

FLYE

Accounting Changes

Delisting/Listing Issues

Proxy Vote Outcomes

Fly-E Group, Inc. shareholders approved an amendment to effect a reverse stock split on October 13, 2025, with the Board of Directors subsequently fixing the ratio at 20-to-1 on October 24, 2025.
The reverse stock split will become effective on November 4, 2025, at 9:00 a.m. ET.
As a result, every twenty shares of common stock will be combined into one share, reducing the total issued and outstanding ordinary shares from 32,647,030 to 1,632,352.
Trading of the company's common stock on a split-adjusted basis is expected to begin on November 4, 2025, under the existing symbol FLYE, and a new CUSIP number (343927307) has been issued.

Oct 31, 2025, 3:45 PM

Fly-E Group Announces Private Placement Offering

FLYE

New Projects/Investments

Fly-E Group, Inc. entered into a Securities Purchase Agreement on September 18, 2025, to raise $11,000,000 in gross proceeds.
The company agreed to sell up to 13,750,000 shares of its common stock at a purchase price of $0.80 per share to certain "non-U.S. Persons".
The shares are exempt from registration requirements under Regulation S of the Securities Act.
The net proceeds from the offering will be used for working capital and other general corporate purposes.

Sep 22, 2025, 8:15 PM

Get instant answers from SEC filings, earnings calls & more

Fly-E Group (FLYE)