Fly-E Group Inc Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Fly-E Group Inc has an operating margin of -17.9%, meaning the company retains $-18 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 10.1% the prior year.
Fly-E Group Inc's revenue declined 21% year-over-year, from $32.2M to $25.4M. This contraction results in a growth score of 0/100.
Fly-E Group Inc has elevated debt relative to equity (D/E of 2.43), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 21/100, reflecting increased financial risk.
Fly-E Group Inc's current ratio of 1.10 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 24/100, which could limit financial flexibility.
While Fly-E Group Inc generated -$10.1M in operating cash flow, capex of $1.6M consumed most of it, leaving -$11.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Fly-E Group Inc passes 2 of 9 financial strength tests. No profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Fly-E Group Inc generates $1.90 in operating cash flow (-$10.1M OCF vs -$5.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Fly-E Group Inc earns $-11.2 in operating income for every $1 of interest expense (-$4.6M vs $406K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Fly-E Group Inc (FLYE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Fly-E Group Inc generated $25.4M in revenue in fiscal year 2025. This represents a decrease of 21.0% from the prior year.
Fly-E Group Inc's EBITDA was -$3.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 209.3% from the prior year.
Fly-E Group Inc generated -$11.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 482.7% from the prior year.
Fly-E Group Inc reported -$5.3M in net income in fiscal year 2025. This represents a decrease of 379.2% from the prior year.
Fly-E Group Inc held $840K in cash against $0 in long-term debt as of fiscal year 2025.
Fly-E Group Inc had 25M shares outstanding in fiscal year 2025. This represents an increase of 458.8% from the prior year.
Fly-E Group Inc's gross margin was 41.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the prior year.
Fly-E Group Inc's operating margin was -17.9% in fiscal year 2025, reflecting core business profitability. This is down 28.0 percentage points from the prior year.
Fly-E Group Inc's net profit margin was -20.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 26.7 percentage points from the prior year.
Fly-E Group Inc invested $549K in research and development in fiscal year 2025. This represents an increase of 87.7% from the prior year.
Fly-E Group Inc invested $1.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 30.4% from the prior year.
FLYE Income Statement
| Metric | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.9M-26.6% | $5.3M-6.2% | $5.7M-16.8% | $6.8M-13.3% | $7.9M+6.0% | $7.4M-15.2% | $8.8M+11.8% | $7.8M |
| Cost of Revenue | $400K0.0% | $400K+11.1% | $360K+20.0% | $300K0.0% | $300K+114.3% | $140K+7.7% | $130K0.0% | $130K |
| Gross Profit | $977K-56.8% | $2.3M-11.7% | $2.6M-11.8% | $2.9M-6.3% | $3.1M+4.3% | $3.0M-21.0% | $3.8M+38.1% | $2.7M |
| R&D Expenses | N/A | N/A | $125K-23.5% | $164K+12.6% | $146K+62.8% | $89K+1098.7% | $7K | N/A |
| SG&A Expenses | $997K-59.2% | $2.4M+57.0% | $1.6M-25.6% | $2.1M+36.6% | $1.5M+81.7% | $843K-20.3% | $1.1M+21.3% | $872K |
| Operating Income | -$1.0M+30.3% | -$1.5M-60.0% | -$940K+23.6% | -$1.2M-2605.7% | -$45K-123.5% | $194K-82.1% | $1.1M+41.3% | $768K |
| Interest Expense | -$540K+1.2% | -$546K-450.9% | $156K+554.2% | $24K-65.0% | $68K+115.7% | $32K+75.6% | $18K-44.9% | $33K |
| Income Tax | $40K+179.6% | -$50K+88.3% | -$428K-158.0% | -$166K-329.0% | $72K-17.4% | $88K-75.7% | $361K+27.3% | $283K |
| Net Income | -$1.8M+11.6% | -$2.0M-193.5% | -$684K+40.1% | -$1.1M-536.7% | -$180K-959.3% | $21K-97.2% | $747K+69.5% | $440K |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FLYE Balance Sheet
| Metric | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $31.6M-6.3% | $33.8M-9.3% | $37.2M-2.4% | $38.2M+8.4% | $35.2M | N/A | N/A | $17.3M |
| Current Assets | $16.8M0.0% | $16.8M+30.5% | $12.8M-2.5% | $13.2M-5.0% | $13.9M | N/A | N/A | $5.5M |
| Cash & Equivalents | $2.5M+8.7% | $2.3M+70.7% | $1.4M+7.2% | $1.3M-71.5% | $4.5M+280.8% | $1.2M+5.8% | $1.1M+63.0% | $680K |
| Inventory | $6.5M+10.2% | $5.9M-30.9% | $8.6M+0.1% | $8.6M+41.2% | $6.1M | N/A | N/A | $3.8M |
| Accounts Receivable | $1.5M+37.6% | $1.1M+251.2% | $305K-16.8% | $367K-1.4% | $372K | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $16.3M-18.6% | $20.1M-16.8% | $24.1M-0.9% | $24.3M+20.3% | $20.2M | N/A | N/A | $14.8M |
| Current Liabilities | $8.6M-19.9% | $10.7M+8.9% | $9.9M-9.1% | $10.9M+76.0% | $6.2M | N/A | N/A | $4.9M |
| Long-Term Debt | $200K-7.4% | $216K | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $15.3M+11.6% | $13.7M+4.4% | $13.1M-5.1% | $13.8M-7.6% | $15.0M+145.0% | $6.1M+0.4% | $6.1M+14.0% | $5.3M |
| Retained Earnings | -$4.7M-61.2% | -$2.9M-221.6% | $2.4M-22.3% | $3.1M-27.1% | $4.2M | N/A | N/A | $2.5M |
FLYE Cash Flow Statement
| Metric | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.4M+54.1% | -$5.3M-286452.8% | -$2K+100.0% | -$4.9M-8.1% | -$4.5M-3112.4% | $150K-80.6% | $774K-5.6% | $820K |
| Capital Expenditures | -$97K-168.5% | $142K+234.4% | $42K-96.5% | $1.2M+248.3% | $352K+1666.4% | -$22K-116.5% | $136K-65.1% | $390K |
| Free Cash Flow | -$2.5M+53.5% | -$5.4M-12175.8% | -$44K+99.3% | -$6.1M-25.5% | -$4.9M-3917.2% | $128K-80.0% | $638K+48.3% | $430K |
| Investing Cash Flow | -$43K+89.4% | -$409K-4745.1% | $9K+100.5% | -$1.8M-66.9% | -$1.1M-143.9% | -$437K-221.0% | -$136K+65.1% | -$390K |
| Financing Cash Flow | $2.6M-63.3% | $7.2M+6548.0% | $108K-96.9% | $3.5M-59.9% | $8.7M+2389.1% | $348K+266.6% | -$209K-92.6% | -$108K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FLYE Financial Ratios
| Metric | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.0%-17.5pp | 42.4%-2.7pp | 45.1%+2.6pp | 42.6%+3.2pp | 39.4%-0.7pp | 40.0%-2.9pp | 42.9%+8.2pp | 34.7% |
| Operating Margin | -26.8%+1.4pp | -28.2%-11.7pp | -16.6%+1.5pp | -18.0%-17.5pp | -0.6%-3.2pp | 2.6%-9.8pp | 12.4%+2.6pp | 9.8% |
| Net Margin | -45.4%-7.7pp | -37.7%-25.6pp | -12.1%+4.7pp | -16.8%-14.5pp | -2.3%-2.6pp | 0.3%-8.2pp | 8.5%+2.9pp | 5.6% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | 0.3%-11.9pp | 12.3%+4.0pp | 8.3% |
| Return on Assets | -5.6%+0.3pp | -5.9%-4.1pp | -1.8%+1.1pp | -3.0%-2.5pp | -0.5% | N/A | N/A | N/A |
| Current Ratio | 1.95+0.4 | 1.56+0.3 | 1.30+0.1 | 1.21-1.0 | 2.25 | N/A | N/A | 1.12 |
| Debt-to-Equity | 0.010.0 | 0.02-1.8 | 1.84+0.1 | 1.76+0.4 | 1.35 | N/A | N/A | 5.90 |
| FCF Margin | -64.5%+37.3pp | -101.8%-101.0pp | -0.8%+88.8pp | -89.6%-27.7pp | -61.9%-63.6pp | 1.7%-5.6pp | 7.3%+1.8pp | 5.5% |
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Frequently Asked Questions
What is Fly-E Group Inc's annual revenue?
Fly-E Group Inc (FLYE) reported $25.4M in total revenue for fiscal year 2025. This represents a -21.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Fly-E Group Inc's revenue growing?
Fly-E Group Inc (FLYE) revenue declined by 21% year-over-year, from $32.2M to $25.4M in fiscal year 2025.
Is Fly-E Group Inc profitable?
No, Fly-E Group Inc (FLYE) reported a net income of -$5.3M in fiscal year 2025, with a net profit margin of -20.8%.
What is Fly-E Group Inc's EBITDA?
Fly-E Group Inc (FLYE) had EBITDA of -$3.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Fly-E Group Inc's gross margin?
Fly-E Group Inc (FLYE) had a gross margin of 41.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Fly-E Group Inc's operating margin?
Fly-E Group Inc (FLYE) had an operating margin of -17.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Fly-E Group Inc's net profit margin?
Fly-E Group Inc (FLYE) had a net profit margin of -20.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Fly-E Group Inc's free cash flow?
Fly-E Group Inc (FLYE) generated -$11.7M in free cash flow during fiscal year 2025. This represents a -482.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Fly-E Group Inc's operating cash flow?
Fly-E Group Inc (FLYE) generated -$10.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Fly-E Group Inc's total assets?
Fly-E Group Inc (FLYE) had $33.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Fly-E Group Inc's capital expenditures?
Fly-E Group Inc (FLYE) invested $1.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Fly-E Group Inc spend on research and development?
Fly-E Group Inc (FLYE) invested $549K in research and development during fiscal year 2025.
How many shares does Fly-E Group Inc have outstanding?
Fly-E Group Inc (FLYE) had 25M shares outstanding as of fiscal year 2025.
What is Fly-E Group Inc's current ratio?
Fly-E Group Inc (FLYE) had a current ratio of 1.10 as of fiscal year 2025, which is considered adequate.
What is Fly-E Group Inc's debt-to-equity ratio?
Fly-E Group Inc (FLYE) had a debt-to-equity ratio of 2.43 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Fly-E Group Inc's return on assets (ROA)?
Fly-E Group Inc (FLYE) had a return on assets of -15.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Fly-E Group Inc's cash runway?
Based on fiscal year 2025 data, Fly-E Group Inc (FLYE) had $840K in cash against an annual operating cash burn of $10.1M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Fly-E Group Inc's Piotroski F-Score?
Fly-E Group Inc (FLYE) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Fly-E Group Inc's earnings high quality?
Fly-E Group Inc (FLYE) has an earnings quality ratio of 1.90x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Fly-E Group Inc cover its interest payments?
Fly-E Group Inc (FLYE) has an interest coverage ratio of -11.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Fly-E Group Inc?
Fly-E Group Inc (FLYE) scores 9 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.