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

• Market Cap: $9.88M
• Dividend Yield: N/A
• Average Volume (3M): 758.66K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.87
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 57
• Sector: General
• Sector Strength: N/A
• Industry: Auto - Manufacturers
• EPS (TTM): -2.18
• Shares Outstanding: 1,632,386
• 10 Day Avg. Volume: 24,488
• 30 Day Avg. Volume: 758,659
• PEG Ratio: 0.11
• Price to Book (P/B): 21.28
• Price to Sales (P/S): 8.23
• P/FCF Ratio: -15.99
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: $6.50 ▼(-1.66% Downside)

Fly-E Group, Inc. faces significant financial and valuation challenges, with negative profitability and cash flow issues being the most critical factors. The technical analysis indicates a bearish trend, though the stock might be oversold. The recent investment deal is a positive development, but it is not enough to offset the broader financial difficulties.

Positive Factors

Operational Efficiency

The significant reduction in operating expenses indicates improved operational efficiency, which can enhance profitability and support long-term growth.

Wholesale Revenue Growth

Strong growth in the wholesale segment suggests a successful strategic shift, potentially leading to more stable and diversified revenue streams.

High Gross Margin in Rental Business

The high gross margin in the rental business highlights its potential as a key profitability driver, supporting sustainable financial performance.

Negative Factors

Declining Revenue

The decline in revenue reflects challenges in maintaining sales momentum, which could impact the company's ability to invest in growth and innovation.

Negative Cash Flow

Persistent negative cash flow indicates financial strain, limiting the company's ability to fund operations and invest in future growth.

High Leverage

High leverage poses financial stability risks, potentially affecting the company's ability to manage debt and invest in strategic initiatives.

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

Company Description

Fly-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.

How the Company Makes Money

Fly-E Group, Inc. generates revenue through multiple key streams. The primary source of income comes from the sale of its proprietary drones, which are tailored for specific applications across various sectors. Additionally, the company earns revenue from providing aerial photography and videography services, which cater to industries such as real estate and entertainment. Another significant revenue stream is data analytics services, where Fly-E utilizes data collected from its drones to offer insights and actionable intelligence to clients in agriculture and logistics. Strategic partnerships with technology firms and industry stakeholders further enhance its market reach and revenue potential, contributing to its overall financial performance.

Fly-E Group, Inc. Financial Statement Overview

Summary

Fly-E Group, Inc. is facing financial challenges with declining revenues, negative profitability, and high leverage. While there are some strengths in gross profit margins and free cash flow coverage, the overall financial health is concerning, requiring strategic improvements to stabilize and grow.

Income Statement

Fly-E Group, Inc. has experienced declining revenue growth, with a notable decrease of 10.01% in the TTM period. The company is facing challenges in profitability, as indicated by negative net profit and EBIT margins. However, the gross profit margin remains relatively stable at 41.10%, suggesting some efficiency in production costs.

Balance Sheet

The company has a high debt-to-equity ratio of 1.94, indicating significant leverage, which could pose financial risks. The return on equity is negative, reflecting losses and reduced shareholder value. However, the equity ratio is reasonable, suggesting a balanced asset structure.

Cash Flow

Fly-E Group, Inc. is experiencing negative operating and free cash flows, with a slight improvement in free cash flow growth. The operating cash flow to net income ratio is negative, indicating cash flow challenges. The free cash flow to net income ratio is positive, suggesting some ability to cover net losses with free cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	19.97M	25.43M	32.21M	21.77M	17.19M
Gross Profit	7.66M	10.45M	13.11M	6.24M	2.24M
EBITDA	1.15M	1.23M	5.78M	4.35M	1.63M
Net Income	-7.75M	-5.29M	1.90M	1.38M	408.02K
Balance Sheet
Total Assets	41.91M	33.71M	28.98M	17.72M	14.93M
Cash, Cash Equivalents and Short-Term Investments	2.54M	840.10K	1.40M	358.89K	395.03K
Total Debt	15.30M	19.08M	18.47M	12.10M	8.43M
Total Liabilities	18.79M	23.87M	22.19M	14.99M	13.58M
Stockholders Equity	23.11M	9.83M	6.78M	2.72M	1.34M
Cash Flow
Free Cash Flow	-8.55M	-13.09M	1.29M	1.31M	-311.86K
Operating Cash Flow	-8.35M	-10.06M	4.31M	1.76M	11.69K
Investing Cash Flow	-507.84K	-2.90M	-3.20M	-442.92K	-323.54K
Financing Cash Flow	10.16M	12.49M	-49.63K	-1.35M	534.54K

Fly-E Group, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 6.61
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• 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 6.61 is below the 20-day moving average (MA) of 7.62, below the 50-day MA of 8.44, and below the 200-day MA of 43.40, indicating a bearish trend. The MACD of -0.56 indicates Positive momentum. The RSI at 43.49 is Neutral, neither overbought nor oversold. The STOCH value of 11.41 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 *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
LOBO	54 Neutral	$7.94M	-1.93	-37.95%	―	―	―
SSM	48 Neutral	$9.86M	0.02	―	―	-100.00%	―
FLYE	46 Neutral	$9.88M	-0.25	-41.72%	―	―	―
ECDA	41 Neutral	$854.19K	-0.01	―	―	-43.17%	-36.68%
EVTV	37 Underperform	$2.20M	-0.04	-267.76%	―	113.69%	-84.50%
CJET	11 Underperform	$1.09M	―	―	―	-60.03%	31.08%

Fly-E Group, Inc. Corporate Events

Fly-E Group Approves Reverse Stock Split Proposal

Fly-E Group, Inc. postponed its special stockholders meeting from September 15, 2025, to October 13, 2025, to ensure a quorum. During the rescheduled meeting, stockholders approved a proposal for a reverse stock split, allowing the board to decide on a ratio between 1-for-2 and 1-for-20 within a year, potentially impacting the company’s stock structure and market strategy.

Fly-E Group Postpones Stockholder Meeting to October 13

Fly-E Group, Inc. recently completed a securities purchase agreement with non-U.S. investors, resulting in the sale of 13,750,000 shares of common stock at $0.80 per share, generating $11 million in gross proceeds. The company’s Special Meeting of Stockholders, initially scheduled for October 3, 2025, was adjourned to October 13, 2025, due to insufficient shares available to vote, with the meeting to address a potential reverse stock split and other proposals.

Fly-E Group Secures $11 Million Investment Deal

On September 18, 2025, Fly-E Group, Inc. entered into a Securities Purchase Agreement with non-U.S. investors to raise $11 million by selling 13,750,000 shares of common stock. The proceeds from this offering will be used for working capital and general corporate purposes, potentially strengthening the company’s financial position and operational capabilities.