Fly-E Group, Inc. (FLYE) AI Stock Analysis

• Market Cap: $14.51M
• Dividend Yield: N/A
• Average Volume (3M): 4.51M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.41
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 57
• Sector: General
• Sector Strength: N/A
• Industry: Auto - Manufacturers
• EPS (TTM): -0.30
• Shares Outstanding: 18,897,030
• 10 Day Avg. Volume: 9,240,022
• 30 Day Avg. Volume: 4,509,212
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 2.87
• Enterprise Value/Revenue: 1.64
• Enterprise Value/Gross Profit: 3.99
• Enterprise Value/Ebitda: 33.85
• 1Y Price Target: $0.50
• Price Target Upside: -34.21% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 1

• Rating: 38 Underperform
• Price Target: $0.50 ▼(-34.21% Downside)

Fly-E Group, Inc. faces significant financial and technical challenges, with declining revenues, negative profitability, and bearish market momentum. The negative P/E ratio and lack of dividend yield further weaken its valuation. While the recent Nasdaq compliance is a positive development, it does not offset the broader financial and market concerns.

Fly-E Group, Inc. Business Overview & Revenue Model

Company Description

Fly-E Group, Inc. (FLYE) is a diversified technology company specializing in innovative solutions for the aviation and drone industries. The company operates in multiple sectors, including aerial logistics, drone manufacturing, and software development for air traffic management. FLYE focuses on enhancing efficiency and safety in aviation by offering a range of products and services that cater to both commercial and governmental clients.

How the Company Makes Money

Fly-E Group, Inc. generates revenue through several key streams. Primarily, the company earns income from the sale of its proprietary drones and aerial vehicles, which are used for logistics, surveillance, and transportation purposes. Additionally, FLYE offers software solutions for air traffic management that provide ongoing subscription-based revenue. The company also engages in partnerships with government agencies and private enterprises for research and development contracts, which contribute to its earnings. Furthermore, FLYE may generate revenue through consulting services related to aviation safety and efficiency, leveraging its expertise in the industry.

Fly-E Group, Inc. Financial Statement Overview

Summary

Fly-E Group, Inc. is facing financial challenges with declining revenue, negative profitability, and high leverage. While there are some areas of operational efficiency, the overall financial health is concerning, with risks associated with cash flow and debt levels.

Income Statement

Fly-E Group, Inc. has experienced a decline in revenue growth, with a negative growth rate of -10.93% in the most recent year. The company also reported negative net profit and EBIT margins, indicating challenges in profitability. However, the gross profit margin remains relatively stable at around 41%, suggesting some efficiency in managing production costs.

Balance Sheet

The company's debt-to-equity ratio has improved from previous years but remains high at 1.94, indicating significant leverage. Return on equity has turned negative, reflecting recent losses. The equity ratio is not explicitly calculated, but the high leverage suggests potential financial risk.

Cash Flow

Fly-E Group, Inc. faces challenges with negative operating cash flow and free cash flow, despite a positive free cash flow growth rate. The free cash flow to net income ratio is positive, indicating some ability to convert earnings into cash, but overall cash flow health is weak.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	25.43M	25.43M	32.21M	21.77M	17.19M
Gross Profit	10.45M	10.45M	13.11M	6.24M	2.24M
EBITDA	1.23M	1.23M	5.78M	4.35M	1.58M
Net Income	-5.29M	-5.29M	1.90M	1.38M	408.02K
Balance Sheet
Total Assets	33.71M	33.71M	28.98M	17.72M	14.93M
Cash, Cash Equivalents and Short-Term Investments	840.10K	840.10K	1.40M	358.89K	395.03K
Total Debt	19.08M	19.08M	18.47M	12.10M	8.43M
Total Liabilities	23.87M	23.87M	22.19M	14.99M	13.58M
Stockholders Equity	9.83M	9.83M	6.78M	2.72M	1.34M
Cash Flow
Free Cash Flow	-12.31M	-13.09M	1.29M	1.31M	-311.86K
Operating Cash Flow	-10.06M	-10.06M	4.31M	1.76M	11.69K
Investing Cash Flow	-2.90M	-2.90M	-3.20M	-442.92K	-323.54K
Financing Cash Flow	12.49M	12.49M	-49.63K	-1.35M	534.54K

Fly-E Group, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.76
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FLYE, the sentiment is Negative. The current price of 0.76 is below the 20-day moving average (MA) of 3.79, below the 50-day MA of 4.44, and below the 200-day MA of 2.99, indicating a bearish trend. The MACD of -1.31 indicates Positive momentum. The RSI at 25.23 is Positive, neither overbought nor oversold. The STOCH value of 19.37 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FLYE.

Fly-E Group, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	56 Neutral	$6.67B	-2.33	-4.11%	6.23%	14.92%	10.98%
EVTV	46 Neutral	$8.19M	―	-189.10%	―	2.97%	-11.17%
EMPD	41 Neutral	$327.84M	―	-232.22%	―	-1.24%	99.95%
SBLX	40 Underperform	$4.19M	―	-264.35%	―	-98.22%	49.35%
FLYE	38 Underperform	$14.51M	―	-48.91%	―	―	―
BINI	37 Underperform	$1.40M	―	-3842.15%	―	5865.42%	99.51%
ZAPPF	28 Underperform	$1.04M	―		―	―	―

Fly-E Group, Inc. Corporate Events

Fly-E Group CFO and Directors Resignations Announced

On August 20, 2025, Fly-E Group, Inc. announced the resignation of Shiwen Feng from her role as Chief Financial Officer, effective immediately, with no disagreements cited. Zhou Ou, the current CEO, will temporarily assume the CFO role. Additionally, on August 21, 2025, directors Lun Feng and Zanfeng Zhang resigned, with the company planning to fill these vacancies to comply with Nasdaq listing rules.

Fly-E Group Regains Nasdaq Compliance

On July 22, 2025, Fly-E Group, Inc. announced that it regained compliance with Nasdaq’s minimum bid price requirement after its stock maintained a closing bid price of at least $1.00 for 11 consecutive business days from July 7 to July 21, 2025. This resolution closes the matter with Nasdaq, but there is no assurance that the company will maintain compliance in the future.

Fly-E Group Announces Reverse Stock Split

On July 2, 2025, Fly-E Group, Inc. announced a 1-for-5 reverse stock split of its common stock, effective July 7, 2025, to increase the market price per share and maintain its Nasdaq listing. This move is intended to attract institutional and other investors, with the company’s outstanding shares reduced from 53,183,053 to approximately 10,636,611, and adjustments made to outstanding warrants and equity incentive plans.

Fly-E Group Raises $6.94 Million in Public Offering

On June 2, 2025, Fly-E Group, Inc. entered into a Securities Purchase Agreement to raise approximately $6.94 million through a public offering of common stock and warrants. The offering, which closed on June 4, 2025, was facilitated by American Trust Investment Services, Inc. as the exclusive placement agent. The net proceeds of approximately $6.24 million will be used for inventory purchases, production costs, and working capital. The company and its officers agreed to a 180-day lock-up period following the offering.

Fly-E Group Settles Litigation with UL LLC

On May 21, 2025, Fly-E Group, Inc. and its subsidiaries, collectively known as the Fly E-Bike Defendants, reached a settlement agreement with UL LLC. The agreement requires Fly E-Bike Defendants to pay $1,000,000 to UL by November 30, 2025, and prohibits them from selling products with UL Marks that have not been tested and certified by UL. This settlement resolves all pending litigation between the parties, releasing them from any past or present claims related to the sale of uncertified products.