olivLaw · US equity research
Fly-E Group, Inc. FLYE
Motor Vehicles & Passenger Car Bodies · SIC 3711 · Vertical: Motor Vehicles & Passenger Car Bodies (SIC 3711)
Fly-E Group is a New York electric vehicle company that designs, installs, sells and rents electric motorcycles, bicycles and scooters under the Fly E-Bike brand. Revenue fell to 19.1 million USD in fiscal 2026, and the company faces lawsuits, an SEC investigation and going-concern doubts, which makes its trajectory worth watching closely.
At the close of 04 Nov 2026, Fly-E Group, Inc. (FLYE) stock was 1.70 USD (−1.16% on the day), with market capitalisation 2.8 m USD, beta 1.29, 52-week range 1.27–15.79 USD. Latest reported quarter (Q1 2027): revenue of 2.7 m USD (−48.4% YoY), net income of -3.9 m USD, diluted EPS -2.41 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 43.5
- weak (30–45)
- Bollinger (20, 2)
- 1.03 – 3.41
- in the lower half of the band · %B 0.28 · band width 107.2%
- SMA 50 / 200
- 1.87 / 2.26
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.06 / 0.02
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +28.8% | −1.1% | +29.9 pp | — |
| 3 months | −2.3% | −0.5% | −1.8 pp | — |
| 6 months | −11.9% | +4.4% | −16.3 pp | — |
| Year to date | −74.4% | +12.3% | −86.7 pp | — |
| 1 year | −76.2% | +13.5% | −89.7 pp | −37.0% |
| 3 years | unavailable | +76.4% | unavailable | −54.6% |
| 5 years | unavailable | +63.7% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q1 2027 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.8 m | 5.7 m | 5.1 m | 5.3 m | 3.9 m | 2.6 m | 7.2 m | 2.7 m |
| Cost of revenue | 3.9 m | 3.1 m | 3.2 m | 3.1 m | 2.9 m | 1.6 m | 6.8 m | 2.4 m |
| Gross profit | 2.9 m | 2.6 m | 1.9 m | 2.3 m | 976.5 k | 1.0 m | 372.7 k | 299.9 k |
| Research & development | 163.9 k | 125.3 k | 114.6 k | 169.3 k | — | — | — | 1.8 m |
| Operating income | -1.2 m | -940.3 k | -2.3 m | -1.5 m | -1.0 m | -1.6 m | -2.3 m | -3.5 m |
| Interest expense | 23.8 k | 155.7 k | 158.1 k | 546.2 k | — | — | — | 191.4 k |
| Pre-tax income | -1.3 m | -1.1 m | -2.4 m | -2.1 m | -1.7 m | -2.1 m | -3.1 m | -3.9 m |
| Income tax | -165.9 k | -428.2 k | 857.8 k | -50.3 k | 40.0 k | -149.8 k | 488.8 k | 89.0 k |
| Net income | -1.1 m | -684.5 k | -3.3 m | -2.0 m | -1.8 m | -1.9 m | -3.5 m | -3.9 m |
| Diluted EPS | -4.65 | -2.78 | -13.36 ≈ | -6.00 | -2.18 | -1.18 | -2.17 ≈ | -2.41 |
| Operating cash flow | -4.9 m ≈ | -1.8 k ≈ | -645.5 k | -5.3 m | -2.4 m ≈ | -6.3 m ≈ | 121.1 k | -190.2 k |
| Capex | 1.2 m ≈ | 42.4 k ≈ | 15.9 k | 141.6 k | -97.0 k ≈ | 25.2 k ≈ | 4.8 k | 2.2 k |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue | 21.8 m | 32.2 m | 25.4 m | 19.1 m |
| Revenue YoY | unavailable | +47.9% | −21.0% | −25.0% |
| Net income | 1.4 m | 1.9 m | -5.3 m | -9.3 m |
| Net income YoY | unavailable | +37.5% | −379.2% | unavailable |
| Diluted EPS | 0.06 | 0.43 | -21.95 | -8.38 |
| Diluted EPS YoY | unavailable | +616.7% | −5,204.7% | unavailable |
| net % | 6.3% | 5.9% | -20.8% | -48.6% |
| Free cash flow | unavailable | 3.1 m | -11.7 m | -13.9 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 31 Mar 2026
- Cash
- 265.2 k USD
- Financial debt
- 6.1 m USD
- Net debt
- 5.8 m USD
- Equity
- 17.4 m USD
- Total assets
- 29.5 m USD
- Debt / equity
- 0.35x
- Current ratio
- 2.47x
- ROE
- -67.9%
- ROA
- -29.3%
- FCF margin
- -73.0%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|
| Revenue | 21.8 m | 32.2 m | 25.4 m | 19.1 m | SEC (XBRL)· 23 Jul 2026verified |
| Cost of revenue | 13.5 m | 19.1 m | 15.0 m | 14.4 m | SEC (XBRL)· 23 Jul 2026verified |
| Gross profit | 8.3 m | 13.1 m | 10.5 m | 4.7 m | SEC (XBRL)· 23 Jul 2026verified |
| Research & development | — | 292.7 k | 549.4 k | 340.9 k | SEC (XBRL)· 23 Jul 2026verified |
| Operating income | 2.3 m | 3.3 m | -4.6 m | -6.4 m | SEC (XBRL)· 23 Jul 2026verified |
| Interest expense | 100.4 k | 152.1 k | 405.6 k | — | SEC (XBRL)· 15 Jul 2025verified |
| Pre-tax income | 2.2 m | 3.1 m | -5.0 m | -8.9 m | SEC (XBRL)· 23 Jul 2026verified |
| Income tax | 821.9 k | 1.2 m | 336.2 k | 328.7 k | SEC (XBRL)· 23 Jul 2026verified |
| Net income | 1.4 m | 1.9 m | -5.3 m | -9.3 m | SEC (XBRL)· 23 Jul 2026verified |
| Diluted EPS | 0.06 | 0.43 | -21.95 | -8.38 | SEC (XBRL)· 23 Jul 2026verified |
| Weighted average diluted shares | 22.0 m | 4.4 m | 241.1 k | 1.1 m | SEC (XBRL)· 23 Jul 2026verified |
Balance sheet · USD
| Line | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|
| Cash | 358.9 k | 1.4 m | 840.1 k | 265.2 k | SEC (XBRL)· 23 Jul 2026verified |
| Receivables | — | 212.8 k | 466.2 k | 7.0 m | SEC (XBRL)· 23 Jul 2026verified |
| Inventories | 3.8 m | 5.4 m | 6.4 m | 2.3 m | SEC (XBRL)· 23 Jul 2026verified |
| Current assets | 5.5 m | 8.1 m | 14.0 m | 16.8 m | SEC (XBRL)· 23 Jul 2026verified |
| Property, plant & equipment, net | 785.3 k | 1.8 m | 7.3 m | 5.8 m | SEC (XBRL)· 23 Jul 2026verified |
| Intangibles (excl. goodwill) | — | 36.4 k | 525.9 k | 431.2 k | SEC (XBRL)· 23 Jul 2026verified |
| Total assets | 17.3 m | 29.0 m | 33.7 m | 29.5 m | SEC (XBRL)· 23 Jul 2026verified |
| Accounts payable | 1.0 m | 1.2 m | 1.3 m | 433.2 k | SEC (XBRL)· 23 Jul 2026verified |
| Short-term debt | 412.2 k | 1.2 m | 5.2 m | 94.0 k | SEC (XBRL)· 23 Jul 2026verified |
| Long-term debt | — | — | — | 6.0 m | SEC (XBRL)· 23 Jul 2026verified |
| Current liabilities | 4.9 m | 7.8 m | 12.7 m | 6.8 m | SEC (XBRL)· 23 Jul 2026verified |
| Total liabilities | 14.8 m | 22.2 m | 23.9 m | 12.1 m | SEC (XBRL)· 23 Jul 2026verified |
| Equity | 2.5 m | 6.8 m | 9.8 m † | 17.4 m † | SEC (XBRL)· 23 Jul 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|
| Operating cash flow | 1.8 m | 4.3 m | -10.1 m | -13.8 m | SEC (XBRL)· 23 Jul 2026verified |
| Capex | — | 1.3 m | 1.6 m | 74.6 k | SEC (XBRL)· 23 Jul 2026verified |
| Free cash flow | — | 3.1 m ≈ | -11.7 m ≈ | -13.9 m ≈ | SEC (XBRL)· 23 Jul 2026derived |
| Investing cash flow | -442.9 k | -3.2 m | -2.9 m | -2.5 m | SEC (XBRL)· 23 Jul 2026verified |
| Financing cash flow | -1.4 m | -49.6 k | 12.5 m | 15.7 m | SEC (XBRL)· 23 Jul 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- score weight coverage: 43.8% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 2.8 m USD
Key indicators
Coverage and freshness
Score by group
44% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · the base of the ratio is not positive
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 43.8% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | -38.1% | 36 (vs peers) | 24% |
| Net margin · Quality | -67.9% | 36 (vs peers) | 14% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -4.3% | 0 (on a fixed band) | 19% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -9.6x | 0 (on a fixed band) | 14% |
| Current ratio · Balance sheet | 2.0x | 100 (on a fixed band) | 10% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -317.9% | 0 (on a fixed band) | 19% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet40/100 · 2/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality36/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial0/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
FLY-E GROUP, INC. (FLYE). Latest full fiscal year: 2026; data up to 2026-06-30.
Figures computed from the financial statements: revenue 19.1 m USD in 2026; YoY growth -25.0%; net margin -67.9%; ROE -82.2%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (score weight coverage: 43.8% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 2.0x
What contradicts it
- Revenue CAGR 3Y: -4.3%
- Interest coverage: -9.6x
- FCF yield: -317.9%
Not assessed (insufficient data or a ratio without meaning): FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Motor Vehicles & Passenger Car Bodies (SIC 3711) · same industry (4-digit SIC) · compared with 25 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| TSLATesla, Inc. | 1,522.6 bn | 424.6 | 3.8% | 3.1% | −2.9% | −10% / +60% |
| GMGeneral Motors Company | 78.0 bn | 20.6 | 6.1% | 2.1% | −1.3% | +26% / +192% |
| PCARPACCAR Inc | 55.9 bn | 20.2 | 13.7% | 9.5% | −15.5% | +1% / +16% |
| LILi Auto Inc. | 23.5 bn | 144.8 | 1.6% | 1.0% | −18.8% | −37% / −69% |
| RIVNRivian Automotive, Inc. | 20.5 bn | — | -55.0% | -45.9% | +8.4% | −17% / −16% |
| OSKOshkosh Corporation | 8.7 bn | 17.5 | 11.0% | 4.6% | −2.9% | +12% / +47% |
| NIONIO Inc. | 8.2 bn | — | -302.6% | -17.1% | +38.9% | −40% / −55% |
| VFSVinFast Auto Ltd. | 7.8 bn | — | — | -175.5% | +54.7% | +2% / −61% |
| FSSFederal Signal Corporation | 7.2 bn | 24.5 | 20.5% | 11.7% | +17.1% | +3% / +71% |
| LCIDLucid Group, Inc. | 1.3 bn | — | -571.4% | -249.2% | +67.6% | −75% / −92% |
| LOTLotus Technology Inc. | 217.2 m | — | — | -89.4% | −43.8% | −75% / −97% |
| NIUNiu Technologies | 115.3 m | — | -4.4% | -0.9% | +36.7% | −49% / −24% |
| GGRGogoro Inc. | 45.7 m | — | -56.2% | -28.4% | −9.4% | −23% / −94% |
| WKHSWorkhorse Group Inc. | 36.2 m | — | — | -301.5% | +201.1% | −69% / −100% |
| DCXDigital Currency X Technology Inc. | 21.5 m | — | — | -434.9% | −27.1% | −100% / −100% |
| FFAIFaraday Future Intelligent Electric Inc. | 12.2 m | — | -2,030.5% | -21,838.0% | −0.6% | −100% / −100% |
| FLYEFly-E Group, Inc. | 2.8 m | — | -82.2% | -67.9% | −25.0% | −76% / unavailable |
| CENNCenntro Inc. | 434.8 k | — | -126.6% | -423.9% | −42.2% | −98% / −100% |
| FFord Motor Co | — | — | -18.4% | -4.2% | +1.2% | −5% / +23% |
| XPEVXpeng Inc. | — | — | -7.9% | -46.7% | unavailable | −55% / −41% |
| HMCHonda Motor Co., Ltd. | — | — | 6.7% | 3.9% | +6.2% | +16% / +15% |
| RACEFerrari N.V. | — | — | 42.9% | 22.3% | +7.0% | +10% / +20% |
| STLAStellantis N.V. | — | — | -33.0% | -14.5% | −2.1% | −56% / −79% |
| TMToyota Motor Corp | — | — | 13.6% | 9.9% | +6.5% | −1% / +5% |
| AIIORobo.ai Inc. | — | — | — | -17,614.9% | −92.1% | −96% / −100% |
1- and 3-year price returns: for FLYE from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Fly-E Group is a New York electric vehicle company that designs, installs, sells and rents electric motorcycles, bicycles and scooters under the Fly E-Bike brand. Revenue fell to 19.1 million USD in fiscal 2026, and the company faces lawsuits, an SEC investigation and going-concern doubts, which makes its trajectory worth watching closely.
SWOT
Strengths
- The company has an early presence and market knowledge in New York, a store network and a brand known among food delivery workers.
- The product range is diversified across motorcycles, bicycles and scooters, with features aimed at urban riders.
- Gross margins have held up well, supported by lower battery costs, which points to some discipline in purchasing.
Weaknesses
- Revenue has fallen repeatedly, and a net loss was recorded in fiscal 2025 after a profit in the prior year.
- The company depends on a small number of suppliers in China without long-term contracts, which raises supply chain vulnerability.
- The annual report flags substantial doubt about the ability to continue as a going concern and material weaknesses in internal control over financial reporting.
Opportunities
- Municipal replacement programs and the expansion of rental services could support demand for certified models.
- Developing digital apps and the ERP system could improve customer and fleet management if widely adopted.
- Expansion to other cities and abroad, cited as a management goal, could diversify revenue sources.
Threats
- Securities class actions and derivative suits could generate large costs and distract management if outcomes go against the company.
- The SEC investigation notified in January 2026 could have unclear consequences for reputation and operations depending on its outcome.
- Tariffs and lithium battery incidents could reduce demand and raise costs, hitting margins and liquidity.
Risks
- Product liabilityhigh
Battery defects could lead to injuries, damage and liability claims, affecting reputation and sales, and adequate insurance cannot be assured.
- Securities class and derivative actionshigh
The class action filed in September 2025 and the derivative suits filed in October and November 2025 could result in significant damages, and the outcome cannot yet be estimated.
- Going concernhigh
The annual report includes a warning about the company's ability to continue operating, which could limit access to financing if revenue does not improve.
- China supply chainmedium
Dependence on a few principal vendors and the lack of long-term contracts could delay production if suppliers cannot deliver components on time.
- Nasdaq listingmedium
Late filings triggered Nasdaq deficiency notices; the company says it has regained compliance, but the risk of delisting has not fully disappeared.
Investment thesis
What would need to be true (bull case)
- If municipal replacement programs and rental services lift demand, the company could recover part of the lost volume and benefit from gross margins that have already held up.
- A broad product range and a recognized presence in New York could support expansion into other cities if execution is sound.
- Funding raised through the 2025 share issuances could provide resources for inventory, production and digital investment.
What would break the thesis
- Revenue has fallen repeatedly, and losses and going-concern doubts could push the company toward further share issuances, diluting shareholders.
- The class action, derivative suits and SEC investigation could generate costs and distraction if outcomes are unfavorable.
- Dependence on components from China and trade tensions could reduce margins if tariffs rise or supply is interrupted.
What to watch
- Trend in revenue and gross margin in the quarterly reportQ2 2027
- Status of the class action and derivative suits after the response to the amended complaint2027
- Outcome of the SEC investigation and any implications for financial reportingnext 10-K
- Nasdaq compliance status and any new deficiency noticesQ3 2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The company began in 2018 with a store in New York and grew into one of the leading providers of e-bikes for food delivery workers in New York City. As of July 2026 it had 4 U.S. stores, rental services in New York, Boston and Los Angeles, and an online store. Retail, wholesale and rental are its three revenue sources, and revenue fell from 25.4 million USD in fiscal 2025 to 19.1 million USD in fiscal 2026 13.
The range includes 27 e-motorcycle, 37 e-bike and 38 e-scooter products as of the annual report date 1. Delivery-focused e-bikes feature longer battery life, a stable backseat for a basket and a battery swap system that takes about a minute at any store. Assembly takes place in one facility in Maspeth, New York, using components sourced mainly from China and the United States 1.
The company simplified its structure by disposing of several subsidiaries to reduce administrative complexity. Over the recent period it also carried out two reverse stock splits in 2025 and a registered direct offering, which substantially changed its capital structure 1.
Segments
Wholesale
Wholesale revenue to partners rose in fiscal 2026 to 11.6 million USD, suggesting a shift in the sales model toward external partners 1.
Rentals
The e-bike rental service, launched in October 2024 and available in New York City and Los Angeles through the Go Fly app, added a small amount of 0.6 million USD in fiscal 2026 1.
Market context
The U.S. urban electric vehicle market, especially e-bikes and e-scooters, depends on consumer adoption and local rules, including battery safety regulation. Fly-E focuses on New York, where delivery workers are an important segment, and 2025 sales were hit by lithium-battery incidents that reduced units sold to 58,765 from 69,611 in the prior year 3.
New York City's trade-in program for unsafe e-bikes, launched with a 2 million USD budget, opened an opportunity for certified models, but regulation and safety pressure remain decisive for demand 1.
Trends
- Lithium battery safetyheadwind
Battery incidents in New York reduced customers' willingness to buy e-bikes, and the company attributed lower sales to these accidents. If safety standards and certifications become stricter, the company could need extra investment but may also regain confidence.
- Municipal replacement programstailwind
The New York City trade-in program for delivery workers offers potential demand for certified models such as the Fly-11 PRO, which participates in the program.
- US-China trade tensionsheadwind
The company relies largely on components from China, and tariffs and trade restrictions could raise costs and cut margins if alternative sources are not found.
- Digital servicesmixed
The Go Fly and Fly E-Bike apps and the ERP system were in development and could support rentals and fleet management if completed and adopted by customers.
Competitive position
Fly-E operates in a young and fast-changing market where competition is intense, and the company acknowledges its brand recognition is relatively weak. The primary sources do not name competitors, so the analysis is limited to the pressure factors described in the annual report 1.
The company's stated advantages are its reputation built in New York, its broad model range and better prices from battery suppliers, which supported a gross margin of 41.1% in fiscal 2025 3.
- Local e-bike manufacturers and distributors
Unnamed competitors in the same urban and delivery segments, not identified by ticker in the primary sources.
- Electric motorcycle makers
Competitors in the e-motorcycle segment, mentioned generically in the annual report without specific names in the sources.
- Gasoline-powered vehicles
Customers may choose gasoline vehicles over electric ones, an indirect competitor noted in the results release.
- Urban vehicle rental platforms
Rental operators competing with the Go Fly service in New York, Los Angeles and Boston, not named in the primary sources.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report04 Nov 2026Item 2.04
- Proxy statement29 Oct 2026
- Current report (amendment)14 Sept 2026Departure or appointment of officers
- Current report11 Sept 2026Departure or appointment of officers · Financial statements and exhibits
- Current report03 Sept 2026Delisting notice · Financial statements and exhibits
- Quarterly report01 Sept 2026
- Current report29 Jul 2026Other events · Financial statements and exhibits
- Current report23 Jul 2026Delisting notice · Financial statements and exhibits
- Annual report23 Jul 2026
- Current report17 Jun 2026Shareholder vote · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2026-03-31 · SEC / Fly-E Group, Inc. · 23 Jul 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Fly-E Group, Inc. · 01 Sept 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Fly-E Group, Inc. · 16 Jul 2025
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.