Fly-E Group, Inc. Common Stock (FLYE) 10-Year Financial Performance & Capital Metrics

FLYE • • Industrial / General

Consumer CyclicalAuto ManufacturersTwo-Wheel & Light Electric VehiclesE-Scooters & E-Bikes

AboutFly-E Group, Inc. engages in the designing, installing, and selling of smart electric motorcycles (e-motorcycles), electric bikes, electric scooters, and related accessories under the Fly E-Bike brand in the United States and Canada. It offers e-mopeds, e-tricycles, e-bikes, e-bikes, e-bikes, and e-scooters; and traditional bikes. The company also provides accessories and spare parts, including raincoats, gloves, knee pads, storage baskets and tail boxes, smart phone holders, backrests, locks, and branded apparel; and upgrade components for wheels, shock absorbers, brake calipers, and carbon fiber body panels. It also operates retail stores. The company was founded in 2018 and is based in Flushing, New York.Show more

Revenue $25M -21.0%
EBITDA $1M -79.0%
Net Income -$5M -379.2%
EPS (Diluted) -1.10 -355.8%
Gross Margin 41.1% +1.0%
EBITDA Margin 4.8% -73.4%
Operating Margin -17.93% -277.1%
Net Margin -20.81% -453.6%
ROE -63.69% -259.7%
ROIC -13.17% -203.2%
Debt/Equity 1.94 -28.7%
Interest Coverage -11.24 -152.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 10 (bottom 10%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y13.93%

TTM-29.02%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-658.34%

EPS CAGR

10Y-

5Y-

3Y-

TTM-554.24%

ROCE

10Y Avg6.66%

5Y Avg6.66%

3Y Avg6.43%

Latest-21.62%

Peer Comparison

E-Scooters & E-Bikes

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
NIUNiu Technologies	219.53M	3.15	-1.29	24%	-0.54%	-2.41%	0.22
LOBOLobo EV Technologies Ltd.	5.18M	0.58	-5.28	36.92%	-7.69%	-36.26%	0.26
FLYEFly-E Group, Inc. Common Stock	11.87M	7.27	-6.61	-21.05%	-31.12%	-51.96%	1.94

Profit & Loss

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	17.19M	21.77M	32.21M	25.43M
Revenue Growth %	-	0.27%	0.48%	-0.21%
Cost of Goods Sold+	14.95M	15.54M	19.1M	14.98M
COGS % of Revenue	0.87%	0.71%	0.59%	0.59%
Gross Profit+	2.24M	6.24M	13.11M	10.45M
Gross Margin %	0.13%	0.29%	0.41%	0.41%
Gross Profit Growth %	-	1.79%	1.1%	-0.2%
Operating Expenses+	1.61M	3.93M	9.85M	15.01M
OpEx % of Revenue	0.09%	0.18%	0.31%	0.59%
Selling, General & Admin	2.61M	5.98M	9.85M	15.01M
SG&A % of Revenue	0.15%	0.27%	0.31%	0.59%
Research & Development	0	80.04K	0	0
R&D % of Revenue	-	0%	-	-
Other Operating Expenses	-48.5K	-11.52K	0	0
Operating Income+	627.73K	2.31M	3.26M	-4.56M
Operating Margin %	0.04%	0.11%	0.1%	-0.18%
Operating Income Growth %	-	2.68%	0.41%	-2.4%
EBITDA+	1.63M	4.36M	5.81M	1.22M
EBITDA Margin %	0.09%	0.2%	0.18%	0.05%
EBITDA Growth %	-	1.67%	0.33%	-0.79%
D&A (Non-Cash Add-back)	1M	2.05M	2.55M	5.78M
EBIT	627.73K	2.31M	3.23M	-4.55M
Net Interest Income+	0	-100.39K	-152.05K	-405.62K
Interest Income	0	0	0	0
Interest Expense	0	100.39K	152.05K	405.62K
Other Income/Expense	-48.5K	-111.92K	-182.4K	-395.03K
Pretax Income+	579.23K	2.2M	3.08M	-4.95M
Pretax Margin %	0.03%	0.1%	0.1%	-0.19%
Income Tax+	171.21K	821.89K	1.18M	336.17K
Effective Tax Rate %	0.7%	0.63%	0.62%	1.07%
Net Income+	408.02K	1.38M	1.9M	-5.29M
Net Margin %	0.02%	0.06%	0.06%	-0.21%
Net Income Growth %	-	2.38%	0.37%	-3.79%
Net Income (Continuing)	408.02K	1.38M	1.9M	-5.29M
Discontinued Operations	0	0	0	0
Minority Interest	0	0	0	0
EPS (Diluted)+	0.09	0.31	0.43	-1.10
EPS Growth %	-	2.34%	0.39%	-3.56%
EPS (Basic)	0.09	0.31	0.43	-1.10
Diluted Shares Outstanding	4.4M	4.4M	4.4M	4.82M
Basic Shares Outstanding	4.4M	4.4M	4.4M	4.82M
Dividend Payout Ratio	-	-	-	-

Balance Sheet

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	5.2M	5.51M	8.14M	14M
Cash & Short-Term Investments	395.03K	358.89K	1.4M	840.1K
Cash Only	395.03K	358.89K	1.4M	840.1K
Short-Term Investments	0	0	0	0
Accounts Receivable	143.65K	525.64K	539.72K	1.29M
Days Sales Outstanding	3.05	8.81	6.12	18.49
Inventory	4.61M	4.49M	5.36M	6.4M
Days Inventory Outstanding	112.41	105.4	102.51	155.91
Other Current Assets	0	647.75K	325.02K	2.46M
Total Non-Current Assets+	9.73M	12.21M	20.84M	19.71M
Property, Plant & Equipment	8.51M	11.05M	19.48M	18.22M
Fixed Asset Turnover	2.02x	1.97x	1.65x	1.40x
Goodwill	0	0	0	0
Intangible Assets	0	0	36.38K	662.45K
Long-Term Investments	220K	220K	0	0
Other Non-Current Assets	294.26K	500.76K	1.32M	728.45K
Total Assets+	14.93M	17.72M	28.98M	33.71M
Asset Turnover	1.15x	1.23x	1.11x	0.75x
Asset Growth %	-	0.19%	0.64%	0.16%
Total Current Liabilities+	6.42M	4.91M	7.79M	12.7M
Accounts Payable	1.08M	1.01M	1.18M	1.27M
Days Payables Outstanding	26.27	23.62	22.57	31.01
Short-Term Debt	0	412.22K	1.31M	5.29M
Deferred Revenue (Current)	21.63K	36.4K	74.1K	28.14K
Other Current Liabilities	3.96M	3.21M	730.17K	2.2M
Current Ratio	0.81x	1.12x	1.04x	1.10x
Quick Ratio	0.09x	0.21x	0.36x	0.60x
Cash Conversion Cycle	89.19	90.59	86.06	143.39
Total Non-Current Liabilities+	7.16M	10.08M	14.4M	11.17M
Long-Term Debt	0	873.23K	412.82K	2.07M
Capital Lease Obligations	7.12M	8.98M	13.99M	9.11M
Deferred Tax Liabilities	44K	230.6K	0	0
Other Non-Current Liabilities	0	0	0	0
Total Liabilities	13.58M	14.99M	22.19M	23.87M
Total Debt+	8.43M	12.1M	18.47M	19.08M
Net Debt	8.04M	11.74M	17.06M	18.24M
Debt / Equity	6.28x	4.45x	2.72x	1.94x
Debt / EBITDA	5.17x	2.77x	3.18x	15.63x
Net Debt / EBITDA	4.92x	2.69x	2.94x	14.94x
Interest Coverage	-	23.03x	21.44x	-11.24x
Total Equity+	1.34M	2.72M	6.78M	9.83M
Equity Growth %	-	1.03%	1.49%	0.45%
Book Value per Share	0.30	0.62	1.54	2.04
Total Shareholders' Equity	1.34M	2.72M	6.78M	9.83M
Common Stock	220K	220K	220K	49.17K
Retained Earnings	1.12M	2.5M	4.4M	-895.51K
Treasury Stock	0	0	0	0
Accumulated OCI	0	-220K	-13.83K	-41.06K
Minority Interest	0	0	0	0

Cash Flow

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	11.69K	1.76M	4.31M	-10.06M
Operating CF Margin %	0%	0.08%	0.13%	-0.4%
Operating CF Growth %	-	149.34%	1.45%	-3.33%
Net Income	408.02K	1.38M	1.9M	-5.29M
Depreciation & Amortization	1M	2.05M	2.55M	5.78M
Stock-Based Compensation	0	0	0	0
Deferred Taxes	-484K	448.8K	176.09K	-64.83K
Other Non-Cash Items	3.18M	4.74M	508.25K	900.06K
Working Capital Changes	-1.2M	-2.55M	-822.91K	-11.38M
Change in Receivables	161.41K	-471.32K	-14.08K	-80.68K
Change in Inventory	-2.13M	335.41K	-1.98M	-2.74M
Change in Payables	1.08M	-70.93K	2.49M	91.51K
Cash from Investing+	-323.54K	-442.92K	-3.2M	-2.9M
Capital Expenditures	-323.54K	-442.92K	-3.02M	-1.63M
CapEx % of Revenue	0.02%	0.02%	0.09%	0.06%
Acquisitions	-	-	-	-
Investments	-	-	-	-
Other Investing	0	0	-180.26K	-1.21M
Cash from Financing+	534.54K	-1.35M	-49.63K	12.49M
Debt Issued (Net)	-	-	-	-
Equity Issued (Net)	-	-	-	-
Dividends Paid	0	0	0	0
Share Repurchases	-	-	-	-
Other Financing	0	-2.57M	-491.63K	-374.63K
Net Change in Cash	-	-	-	-
Free Cash Flow+	-311.86K	1.31M	1.29M	-13.09M
FCF Margin %	-0.02%	0.06%	0.04%	-0.51%
FCF Growth %	-	5.21%	-0.02%	-11.16%
FCF per Share	-0.07	0.30	0.29	-2.71
FCF Conversion (FCF/Net Income)	0.03x	1.27x	2.27x	1.90x
Interest Paid	0	100.34K	152.05K	405.62K
Taxes Paid	37.23K	148.06K	435.88K	1.96M

Key Ratios

Metric	2022	2023	2024	2025
Return on Equity (ROE)	30.41%	67.87%	39.89%	-63.69%
Return on Invested Capital (ROIC)	5.02%	14.55%	12.77%	-13.17%
Gross Margin	13.02%	28.65%	40.7%	41.1%
Net Margin	2.37%	6.33%	5.88%	-20.81%
Debt / Equity	6.28x	4.45x	2.72x	1.94x
Interest Coverage	-	23.03x	21.44x	-11.24x
FCF Conversion	0.03x	1.27x	2.27x	1.90x
Revenue Growth	-	26.65%	47.9%	-21.05%

Revenue by Segment

	2025
Retail	21.73M
Retail Growth	-

Frequently Asked Questions

Growth & Financials

Fly-E Group, Inc. Common Stock (FLYE) reported $22.9M in revenue for fiscal year 2025. This represents a 33% increase from $17.2M in 2022.

Fly-E Group, Inc. Common Stock (FLYE) saw revenue decline by 21.0% over the past year.

Fly-E Group, Inc. Common Stock (FLYE) reported a net loss of $7.1M for fiscal year 2025.

Dividend & Returns

Fly-E Group, Inc. Common Stock (FLYE) has a return on equity (ROE) of -63.7%. Negative ROE indicates the company is unprofitable.

Fly-E Group, Inc. Common Stock (FLYE) had negative free cash flow of $12.7M in fiscal year 2025, likely due to heavy capital investments.

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