Fly-E Group Inc Financials
Fly-E Group Inc (FLYE) reported $19.1M in revenue for fiscal year 2026, down 25.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).
Operating deterioration is being financed externally while lower volume and a margin collapse overwhelm a largely fixed cost base.
Cash conversion has broken down: in FY2026, operating cash flow was-$13.8M versus net income of-$9.3M , while free cash flow was-$13.9M despite only$75K of capital expenditures. That gap indicates the cash pressure is primarily operating and working-capital-driven, not the result of heavy reinvestment.
Revenue fell to
Balance-sheet strength improved on paper: debt-to-equity declined to 0.3x and the current ratio rose to 2.5x, while financing provided
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Fly-E Group Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Fly-E Group Inc has an operating margin of -33.8%, meaning the company loses $34 on every $100 of revenue. This results in a profitability score of 15/100. This is down from -17.9% the prior year.
Fly-E Group Inc's revenue declined 25.0% year-over-year, from $25.4M to $19.1M. This contraction results in a growth score of 4/100.
Fly-E Group Inc carries a low D/E ratio of 0.34, meaning only $0.34 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 67/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.47, Fly-E Group Inc holds $2.47 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 68/100.
Fly-E Group Inc's operations used $13.8M of cash, and capex of $75K added to the outflow, for a free cash flow shortfall of $13.9M. This results in a cash flow score of 9/100.
Fly-E Group Inc posts a -53.1% return on equity (ROE), meaning it loses $53 for every $100 of shareholders' equity. This results in a returns score of 14/100. This is up from -53.8% the prior year.
Fly-E Group Inc scores -0.01, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($2.8M) relative to total liabilities ($12.1M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Fly-E Group Inc passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). No profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
Fly-E Group Inc reported a net loss of $9.3M while operations used $13.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Fly-E Group Inc reported an operating loss of $6.4M against $1.8M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Fly-E Group Inc generated $19.1M in revenue in fiscal year 2026. This represents a decrease of 25.0% from the prior year.
Fly-E Group Inc's EBITDA was -$5.6M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 45.2% from the prior year.
Fly-E Group Inc reported -$9.3M in net income in fiscal year 2026. This represents a decrease of 75.0% from the prior year.
Cash & Balance Sheet
Fly-E Group Inc recorded an outflow of $13.9M in free cash flow in fiscal year 2026, representing a cash shortfall after capex. This represents a decrease of 19.1% from the prior year.
Fly-E Group Inc held $265K in cash against $6.0M in long-term debt as of fiscal year 2026.
Not reported for fiscal year 2026.
Margins & Returns
Fly-E Group Inc's gross margin was 24.4% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 16.7 percentage points from the prior year.
Fly-E Group Inc's operating margin was -33.8% in fiscal year 2026, reflecting core business profitability. This is down 15.8 percentage points from the prior year.
Fly-E Group Inc's net profit margin was -48.6% in fiscal year 2026, showing the share of revenue converted to profit. This is down 27.7 percentage points from the prior year.
Fly-E Group Inc's ROE was -53.1% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 0.7 percentage points from the prior year.
Capital Allocation
Fly-E Group Inc invested $341K in research and development in fiscal year 2026. This represents a decrease of 37.9% from the prior year.
Fly-E Group Inc invested $75K in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 95.4% from the prior year.
Not reported for fiscal year 2026.
FLYE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.2M+170.9% | $2.6M-32.2% | $3.9M-26.6% | $5.3M+5.5% | $5.1M-11.0% | $5.7M-16.8% | $6.8M-13.3% | $7.9M |
| Cost of Revenue | $300K-25.0% | $400K0.0% | $400K0.0% | $400K-9.1% | $440K+22.2% | $360K+20.0% | $300K0.0% | $300K |
| Gross Profit | $373K-64.5% | $1.0M+7.4% | $977K-56.8% | $2.3M+19.9% | $1.9M-26.4% | $2.6M-11.8% | $2.9M-6.3% | $3.1M |
| R&D Expenses | N/A | N/A | N/A | N/A | $115K-8.5% | $125K-23.5% | $164K+12.6% | $146K |
| SG&A Expenses | $2.3M+22.9% | $1.9M+87.9% | $997K-59.2% | $2.4M+0.9% | $2.4M+55.6% | $1.6M-25.6% | $2.1M+36.6% | $1.5M |
| Operating Income | -$2.3M-49.5% | -$1.6M-48.5% | -$1.0M+30.3% | -$1.5M+35.8% | -$2.3M-149.2% | -$940K+23.6% | -$1.2M-2605.7% | -$45K |
| Interest Expense | -$260K+43.5% | -$460K+14.7% | -$540K+1.2% | -$546K-445.6% | $158K+1.5% | $156K+554.2% | $24K-65.0% | $68K |
| Income Tax | $489K+426.2% | -$150K-474.5% | $40K+179.6% | -$50K-105.9% | $858K+300.3% | -$428K-158.0% | -$166K-329.0% | $72K |
| Net Income | -$3.5M-84.5% | -$1.9M-8.3% | -$1.8M+11.6% | -$2.0M+38.8% | -$3.3M-379.8% | -$684K+40.1% | -$1.1M-536.7% | -$180K |
| EPS (Diluted) | -$2.24-89.8% | -$1.18 | N/A | N/A | -$13.57-388.1% | -$2.78 | N/A | N/A |
FLYE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $29.5M-13.1% | $34.0M+7.4% | $31.6M-6.3% | $33.8M+0.2% | $33.7M-9.5% | $37.2M-2.4% | $38.2M+8.4% | $35.2M |
| Current Assets | $16.8M-18.7% | $20.7M+23.4% | $16.8M0.0% | $16.8M+19.7% | $14.0M+9.0% | $12.8M-2.5% | $13.2M-5.0% | $13.9M |
| Cash & Equivalents | $265K-10.3% | $296K-88.4% | $2.5M+8.7% | $2.3M+177.9% | $840K-38.6% | $1.4M+7.2% | $1.3M-71.5% | $4.5M |
| Inventory | $2.3M-54.0% | $5.1M-22.5% | $6.5M+10.2% | $5.9M-7.1% | $6.4M-25.7% | $8.6M+0.1% | $8.6M+41.2% | $6.1M |
| Accounts Receivable | $7.0M+350.4% | $1.6M+6.1% | $1.5M+37.6% | $1.1M+129.9% | $466K+52.8% | $305K-16.8% | $367K-1.4% | $372K |
| Total Liabilities | $12.1M-7.0% | $13.0M-20.6% | $16.3M-18.6% | $20.1M-16.0% | $23.9M-1.0% | $24.1M-0.9% | $24.3M+20.3% | $20.2M |
| Current Liabilities | $6.8M-6.7% | $7.3M-15.3% | $8.6M-19.9% | $10.7M-15.4% | $12.7M+28.7% | $9.9M-9.1% | $10.9M+76.0% | $6.2M |
| Long-Term Debt | $6.0M+5875.5% | $100K-50.0% | $200K-7.4% | $216K | N/A | N/A | N/A | N/A |
| Total Equity | $17.4M-16.9% | $21.0M+37.2% | $15.3M+11.6% | $13.7M+39.4% | $9.8M-25.1% | $13.1M-5.1% | $13.8M-7.6% | $15.0M |
| Retained Earnings | -$10.2M-53.8% | -$6.6M-41.1% | -$4.7M-61.2% | -$2.9M-224.3% | -$896K-137.5% | $2.4M-22.3% | $3.1M-27.1% | $4.2M |
Not reported in any period shown, so not listed: Goodwill.
FLYE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $121K+101.9% | -$6.3M-158.4% | -$2.4M+54.1% | -$5.3M-718.6% | -$645K-34904.2% | -$2K+100.0% | -$4.9M-8.1% | -$4.5M |
| Capital Expenditures | $5K-81.1% | $25K-74.0% | -$97K-31.5% | $142K+791.6% | $16K-62.5% | $42K-96.5% | $1.2M+248.3% | $352K |
| Free Cash Flow | $116K+101.9% | -$6.3M-149.5% | -$2.5M+53.5% | -$5.4M-720.4% | -$661K-1396.4% | -$44K+99.3% | -$6.1M-25.5% | -$4.9M |
| Investing Cash Flow | -$206K+88.8% | -$1.8M-4111.7% | -$43K+89.4% | -$409K-532.5% | -$65K-834.4% | $9K+100.5% | -$1.8M-66.9% | -$1.1M |
| Financing Cash Flow | -$9K-100.1% | $5.9M+123.9% | $2.6M-63.3% | $7.2M+2744.0% | $252K+133.8% | $108K-96.9% | $3.5M-59.9% | $8.7M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
FLYE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 5.2%-34.4pp | 39.6%+14.6pp | 25.0%-17.5pp | 42.4%+5.1pp | 37.3%-7.8pp | 45.1%+2.6pp | 42.6%+3.2pp | 39.4% |
| Operating Margin | -32.4%+26.3pp | -58.8%-31.9pp | -26.8%+1.4pp | -28.2%+18.1pp | -46.4%-29.8pp | -16.6%+1.5pp | -18.0%-17.5pp | -0.6% |
| Net Margin | -49.5%+23.1pp | -72.6%-27.2pp | -45.4%-7.7pp | -37.7%+27.3pp | -65.0%-53.0pp | -12.1%+4.7pp | -16.8%-14.5pp | -2.3% |
| Return on Equity | -20.4%-11.2pp | -9.2%+2.4pp | -11.6%+3.1pp | -14.7%+18.7pp | -33.4%-28.2pp | -5.2%+3.0pp | -8.3%-7.1pp | -1.2% |
| Return on Assets | -12.0%-6.4pp | -5.7%0.0pp | -5.6%+0.3pp | -5.9%+3.8pp | -9.7%-7.9pp | -1.8%+1.1pp | -3.0%-2.5pp | -0.5% |
| Current Ratio | 2.47-0.4x | 2.83+0.9x | 1.95+0.4x | 1.56+0.5x | 1.10-0.2x | 1.30+0.1x | 1.21-1.0x | 2.25 |
| Debt-to-Equity | 0.34+0.3x | 0.000.0x | 0.010.0x | 0.02-2.4x | 2.43+0.6x | 1.84+0.1x | 1.76+0.4x | 1.35 |
| FCF Margin | 1.6% | -237.4% | -64.5% | -101.8% | -13.1%-12.3pp | -0.8%+88.8pp | -89.6%-27.7pp | -61.9% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.
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Where Fly-E Group Inc Ranks
Frequently Asked Questions
What is Fly-E Group Inc's annual revenue?
Fly-E Group Inc (FLYE) reported $19.1M in total revenue for fiscal year 2026. This represents a -25.0% 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 25.0% year-over-year, from $25.4M to $19.1M in fiscal year 2026.
Is Fly-E Group Inc profitable?
No, Fly-E Group Inc (FLYE) reported a net income of -$9.3M in fiscal year 2026, with a net profit margin of -48.6%.
What is Fly-E Group Inc's EBITDA?
Fly-E Group Inc (FLYE) had EBITDA of -$5.6M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Fly-E Group Inc have?
As of fiscal year 2026, Fly-E Group Inc (FLYE) had $265K in cash and equivalents against $6.0M in long-term debt.
What is Fly-E Group Inc's gross margin?
Fly-E Group Inc (FLYE) had a gross margin of 24.4% in fiscal year 2026, 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 -33.8% in fiscal year 2026, 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 -48.6% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Fly-E Group Inc's return on equity (ROE)?
Fly-E Group Inc (FLYE) has a return on equity of -53.1% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Fly-E Group Inc's free cash flow?
Fly-E Group Inc (FLYE) recorded an outflow of $13.9M in free cash flow during fiscal year 2026. This represents a -19.1% 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) recorded an outflow of $13.8M in operating cash flow during fiscal year 2026, representing cash used by core business activities.
What are Fly-E Group Inc's total assets?
Fly-E Group Inc (FLYE) had $29.5M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Fly-E Group Inc's capital expenditures?
Fly-E Group Inc (FLYE) invested $75K in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Fly-E Group Inc spend on research and development?
Fly-E Group Inc (FLYE) invested $341K in research and development during fiscal year 2026.
What is Fly-E Group Inc's current ratio?
Fly-E Group Inc (FLYE) had a current ratio of 2.47 as of fiscal year 2026, which is generally considered healthy.
What is Fly-E Group Inc's debt-to-equity ratio?
Fly-E Group Inc (FLYE) had a debt-to-equity ratio of 0.34 as of fiscal year 2026, 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 -31.4% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
How does Fly-E Group Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2026, Fly-E Group Inc (FLYE) held $265K in cash, cash equivalents and investments, and reported an operating cash outflow of $13.8M over that year. Dividing the one by the other, the reported balance equals about 0 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Fly-E Group Inc's Altman Z-Score?
Fly-E Group Inc (FLYE) has an Altman Z-Score of -0.01, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Fly-E Group Inc's Piotroski F-Score?
Fly-E Group Inc (FLYE) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $9.3M while operations used $13.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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) reported an operating loss of $6.4M against $1.8M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 30 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.