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Fly-e Group, Inc. (FLYE) stock

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NASDAQ: FLYE Nasdaq Automobile Manufacturers

D Fundamentals grade

Fly-e Group, Inc. is a US-listed company in the automobile manufacturers industry. Its financial year ends in March.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$2.5

Price-to-sales vs peers

Base case. Range ~$2.5–$9.8. Sales per share times peers' typical price-to-sales; used only when earnings are negative.

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

Fly-e Group, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds3 adding, 4 cuttingOf 2 active managers that changed their stake, 1 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Fly-e Group files

Where Fly-e stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $16m, down 28.0% on a year earlier, a steeper fall than the 25.0% decline a quarter earlier. That puts it 9 of 9 for growth among the automobile manufacturers companies we cover. Free-cash-flow margin held at -52.7%. Operating margin narrowed to -51.4% from -26.3%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 5 financial-health checks. Our price-to-sales vs peers value is $4.79 a share.

Source: 10-Q filed September 1, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Fly-e Group, Inc.'s trailing-twelve-month revenue fell 28.0% year on year, with a free-cash-flow margin of -52.7%. Where it lags: days sales outstanding of 190 days ranks 15 of 16 automobile manufacturers companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 29.0% while net income fell 57.1%: a 86pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Fly-e Group, Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Revenue shrinking. Revenue fell 28.0% over the last 12 months.
  • Loss-making. Operating margin is -51.4%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 25.1 points on a year ago.
  • Burning cash. Free cash flow was -52.7% of revenue over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 306% and a beta of 0.2 against the S&P 500.
  • Growth easing. The growth rate is 2.9 points lower than a quarter earlier.

Latest results: FY2027 Q1

Filed September 1, 2026
Revenue
$3m, down 48.4% on a year earlier

Fly-e Group's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.6%
  • 1 week-5.4%
  • 1 month+25.6%
  • This year-73.8%
  • 1 year-82.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$16.5M
Operating margin
-51.4%
Net margin
-67.9%

Growth

Revenue growth
−28.0%
Change in growth rate
−2.9 pts

Cash

Free cash flow (TTM)
-$8.7M
FCF margin
-52.7%

Earnings

Last results
July 16, 2025

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Fly-e Group, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value Fly-e Group, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 12.2%: the 10-year Treasury yield (4.9%) plus a beta of 1.6 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$2.5 ~$2.9–$9.8 Included, half weight
Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$2.5 ~$2.5–$9.8 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Fly-e Group, Inc. with Automobile Manufacturers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20252026
Share price$43.50$2.10
Market value$10m$2m
+ Net debt (− = net cash)$4m$6m
Enterprise value$15m$8m
Multiples
Price / sales 0.4x0.1x
Price / earnings ——
Price / free cash flow ——
EV / EBITDA ——

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Fly-e Group, Inc.: too few analysts cover it.

Management guidance

Earnings release, July 16, 2025

No numeric guidance in Fly-e Group, Inc.'s latest earnings release (filed July 16, 2025). Some companies give their outlook only on the earnings call.

Positioning

Short interest
18.2%
of tradable shares
Days to cover
0.04
at average volume
Short interest, 1 month
+2363%
to October 15, 2026
Held by institutions
4%
of shares
Held by insiders
4.7%
of shares
Employees
55
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 20252026 to date
Return
FLYE−92%−74%
Industry peers (median)−39%−44%
S&P 500+18%+11%
Months that ended higher
FLYE33%55%
S&P 50075%46%
Largest fall from a high during the year
FLYE−98%−85%
S&P 500−19%−9%

Worst fall since June 6, 2024: 100% from July 10, 2024 to October 7, 2026. Getting back needed a 53443% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$1.27 – $15.79
From 52-week high
−89.0%
vs 50-day average
−6.9%
vs 200-day average
−23.0%
Volatility (1 year)
306%
Beta vs S&P 500
0.18

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
2 up, 3 down
typical move ±15.0%
After a week
2 up, 3 down
typical move ±16.8%
After a month
1 up, 4 down
typical move ±44.3%
Results releasedNext dayS&P 500 next day5 days21 days
July 16, 2025 +25.9% +0.9% +12.2% +66.2%
February 20, 2025 −6.7% −2.1% −8.8% −4.3%
November 20, 2024 −15.6% +0.6% −24.4% −27.9%
August 19, 2024 −17.0% +0.8% −24.0% −41.3%
July 1, 2024 +9.6% +0.9% +14.4% −81.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fly-e Group, Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Fly-e Group, Inc.
$15M $20M $25M $30M $35M FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 FY27 Q1 Revenue (TTM), FY24 Q4: $32.2M Revenue (TTM), FY25 Q1: $32.2M Revenue (TTM), FY25 Q2: $30.3M Revenue (TTM), FY25 Q3: $28.5M Revenue (TTM), FY25 Q4: $25.4M Revenue (TTM), FY26 Q1: $22.9M Revenue (TTM), FY26 Q2: $20M Revenue (TTM), FY26 Q3: $16.9M Revenue (TTM), FY26 Q4: $19.1M Revenue (TTM), FY27 Q1: $16.5M $16.5M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY24 Q4 $32.2M
FY25 Q1 $32.2M
FY25 Q2 $30.3M
FY25 Q3 $28.5M
FY25 Q4 $25.4M
FY26 Q1 $22.9M
FY26 Q2 $20M
FY26 Q3 $16.9M
FY26 Q4 $19.1M
FY27 Q1 $16.5M
Revenue growth, TTM YoY Fly-e Group, Inc.
-60% -40% -20% 0% FY25 Q4 FY26 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY27 Q1 Revenue growth, TTM YoY, FY25 Q4: -21.0% Revenue growth, TTM YoY, FY26 Q1: -29.0% Revenue growth, TTM YoY, FY26 Q2: -34.1% Revenue growth, TTM YoY, FY26 Q3: -40.7% Revenue growth, TTM YoY, FY26 Q4: -25.0% Revenue growth, TTM YoY, FY27 Q1: -28.0% -28.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY25 Q4 -21.0%
FY26 Q1 -29.0%
FY26 Q2 -34.1%
FY26 Q3 -40.7%
FY26 Q4 -25.0%
FY27 Q1 -28.0%
Operating margin (TTM) Fly-e Group, Inc.
-60% -40% -20% 0% 20% FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 FY27 Q1 Operating margin (TTM), FY24 Q4: 10.1% Operating margin (TTM), FY25 Q1: 7.6% Operating margin (TTM), FY25 Q2: 0.4% Operating margin (TTM), FY25 Q3: -3.5% Operating margin (TTM), FY25 Q4: -17.9% Operating margin (TTM), FY26 Q1: -26.3% Operating margin (TTM), FY26 Q2: -29.2% Operating margin (TTM), FY26 Q3: -38.1% Operating margin (TTM), FY26 Q4: -33.8% Operating margin (TTM), FY27 Q1: -51.4% -51.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q4 10.1%
FY25 Q1 7.6%
FY25 Q2 0.4%
FY25 Q3 -3.5%
FY25 Q4 -17.9%
FY26 Q1 -26.3%
FY26 Q2 -29.2%
FY26 Q3 -38.1%
FY26 Q4 -33.8%
FY27 Q1 -51.4%
FCF margin (TTM) Fly-e Group, Inc.
-100% -50% 0% 50% FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 FY27 Q1 FCF margin (TTM), FY24 Q4: 9.5% FCF margin (TTM), FY25 Q1: -7.0% FCF margin (TTM), FY25 Q2: -29.7% FCF margin (TTM), FY25 Q3: -32.3% FCF margin (TTM), FY25 Q4: -46.0% FCF margin (TTM), FY26 Q1: -53.5% FCF margin (TTM), FY26 Q2: -42.4% FCF margin (TTM), FY26 Q3: -86.8% FCF margin (TTM), FY26 Q4: -73.0% FCF margin (TTM), FY27 Q1: -52.7% -52.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q4 9.5%
FY25 Q1 -7.0%
FY25 Q2 -29.7%
FY25 Q3 -32.3%
FY25 Q4 -46.0%
FY26 Q1 -53.5%
FY26 Q2 -42.4%
FY26 Q3 -86.8%
FY26 Q4 -73.0%
FY27 Q1 -52.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2023 Mar 2023 2024 Mar 2024 2025 Mar 2025 2026 Mar 2026 LTM Jun 2026
Income
Revenue 22 32 25 19 16
Gross profit 8 13 10 5 3
EBITDA 2 4 −4 −6 −8
Operating income 2 3 −5 −6 −8
Net income 1 2 −5 −9 −11
Diluted EPS — — −$21.95 −$8.38 —
Growth (year on year)
Revenue — +47.9% −21.0% −25.0% −28.0%
EBITDA — +43.7% −211.2% — —
Operating income — +41.0% −239.9% — —
Net income — +37.5% −379.2% — —
Margins
Gross margin 38.1% 40.7% 41.1% 24.4% 16.4%
EBITDA margin 11.3% 11.0% −15.5% −30.0% −47.3%
Operating margin 10.6% 10.1% −17.9% −33.8% −51.4%
Net margin 6.3% 5.9% −20.8% −48.6% −67.9%
Free-cash-flow margin — 9.5% −46.0% −73.0% −52.7%
Cash flow
Cash from operations 2 4 −10 −14 −9
Capital spending — 1 2 0 −0
Free cash flow — 3 −12 −14 −9
Balance sheet
Cash 0 1 1 0 0
Total debt 0 1 5 6 6
Net debt (negative = net cash) 0 −0 4 6 6
Diluted shares — — — 1m —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 5 checks passed · June 30, 2026
What it owns · $26m
Short-term assets $16mLonger-term assets $10m
What it owes, and who funded it · $26m
Short-term liabilities $8mLonger-term liabilities $5mShareholders' equity $14m
  • Short-term assets cover short-term liabilities $16m of assets due within a year against $8m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $16m short-term assets against $5m of longer-dated liabilities.
  • More cash than debt $60,281 of cash against $6m of debt.
  • Debt below 40% of shareholders' equity Debt is 45% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt −$9m of operating cash flow against $6m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Fly-e Group, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

R&D spending
2.5%
of revenue
Days sales outstanding
190 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in automobile manufacturers
Last 12 months unless stated FLYE EZGO XOS KNDI GGR AIIO Median
Revenue, last 12 months $16m $20m $38m $87m $281m $950000 $6.5bn
Revenue growth, last 12 months −28.0% 12.4% −26.9% −31.5% −9.4% −92.1% 1.7%
Revenue growth, latest quarter −48.4% — −74.2% — — — −2.0%
Gross margin 16.4% 6.5% 12.7% 42.6% 8.2% 62.5% 13.3%
Operating margin −51.4% −16.4% −77.9% −65.4% −26.0% <−999% −16.2%
Operating margin, 3-year average −23.4% — −76.3% — — — 0.0%
Net margin −67.9% −42.4% −51.6% −107.4% −28.4% <−999% −14.5%
Cash from operations / revenue −53.1% −10.8% 3.3% 110.7% 12.8% −533.3% 3.4%
Free-cash-flow margin −52.7% −20.9% 3.2% 110.2% −10.3% −533.3% 2.1%
Free-cash-flow margin, 3-year average −37.7% — −30.6% — — — 4.0%
Stock pay / revenue — 0.7% 22.3% 8.1% 1.4% >999% 1.1%
Change in share count — 117.1% 39.7% −3.1% 11.4% 8.1% 0.5%

Median of all 23 companies we cover in automobile manufacturers. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

23 automobile manufacturers companies
Measure Company Peer median Rank
Revenue growth Growth -28.0% 1.7% 20 of 23
Change in growth rate Growth -2.9pp -2.1pp 14 of 23
Gross margin Profitability 16.4% 13.0% 9 of 21
Operating margin Profitability -51.4% -16.0% 15 of 22
Net margin Profitability -67.9% -14.5% 18 of 23
Free-cash-flow margin Cash generation -52.7% 2.4% 18 of 22
Long-term debt as % of assets Balance sheet 22.7% 16.3% 12 of 18
Days sales outstanding Balance sheet 190 days 34 days 15 of 16

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to March 31, 2026
Products and services
Line of business Revenue Share YoY
Revenueswholesale $11.6M 60.6% ▲ 227.5%
Retail $6.9M 36.3% ▼ 68.1%
Revenues Rental Services $580,042 3.0% ▲ 237.5%

From Fly-e Group, Inc.'s 10-K filed July 23, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$141,178
Institutions reporting
7
Shares held vs prior quarter
▲ 12.4%
Positions opened / closed
3 / 2

Top buyers and sellers, Q2 2026: 3 institutions bought and 4 sold ; the biggest buyer was HRT Financial LP (+19K shares) and the biggest seller Geode Capital Management, LLC (−13K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
HRT Financial LP $41,000 19K 29.0% New
Citadel Advisors LLC $31,021 15K 22.0% New
Geode Capital Management, LLC $27,461 13K 19.5% ▼ 50.4%
Vanguard Fiduciary Trust Co $22,607 11K 16.0% 0.0%
Vanguard Capital Management LLC $14,909 7K 10.6% 0.0%
Tower Research Capital LLC (TRC) $3,720 2K 2.6% ▼ 39.4%
UBS Group AG $460 0K 0.3% New

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Fly-e Group, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around October 16, 2025 estimated from the company's past filing pattern, not announced

  • July 16, 2025
  • February 20, 2025
  • November 20, 2024
  • August 19, 2024
  • July 1, 2024

Recent SEC filings

Data status

When each part of this page on Fly-e Group, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Fly-e Group, Inc. in brief

What does Fly-e Group, Inc. do?
Fly-e Group, Inc. is a US-listed company in the automobile manufacturers industry. Its financial year ends in March.
What is Fly-e Group, Inc.'s stock ticker?
Fly-e Group, Inc. trades under the ticker FLYE on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Fly-e Group, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Fly-e Group, Inc. reported revenue of $16.5M, 28.0% lower than a year earlier, according to its SEC filings.
What is Fly-e Group, Inc.'s free cash flow?
Fly-e Group, Inc.'s free-cash-flow margin is -52.7% of revenue over the trailing twelve months, ranking 18 of the 22 automobile manufacturers companies we cover.
Who are Fly-e Group, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are HRT Financial LP, Citadel Advisors LLC and Geode Capital Management, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Fly-e Group, Inc.'s market cap?
On March 31, 2026, Fly-e Group, Inc.'s market capitalisation was about $2.3M and net debt of $5.7M. Market figures come from third-party market data and may be delayed.
How much debt does Fly-e Group, Inc. have?
Fly-e Group, Inc.'s debt-to-equity ratio is 44.7%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Fly-e Group, Inc.'s competitors?
In our Automobile Manufacturers peer group, the companies closest to Fly-e Group, Inc. are Ezgo Technologies Ltd., Xos, Inc., Kandi Technologies Group, Inc., Gogoro Inc. and Robo.ai Inc. The side-by-side comparison below sets their revenue, margins and growth against Fly-e Group, Inc.'s.