FLYENasdaqMotor Vehicles & Passenger Car BodiesUS GAAP · USD

Fly-E Group, Inc.

Fly-E Group, Inc. is a U.S.-based electric vehicle retailer and brand operator built around the Fly E-Bike name. It designs, sells, rents, and services electric motorcycles, e-bikes, e-scooters, and related accessories through retail stores, distributors, and an online channel, with a customer base centered on urban delivery workers in New York City.

Kysy yhtiöstä
Liikevaihto19,1milj. USD
−25,0 %v/v
Liikevoitto (EBIT)−6,4milj. USD
−41,2 %v/v
EBIT-marginaali−33,8%
−15,8 %-yks.v/v
Nettotulos−9,3milj. USD
−75,0 %v/v
Vapaa kassavirta−13,9milj. USD
−19,1 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2023–2026

−10010203040milj. USD2023: 22 milj. USD2023: EBIT 2,3 milj. USD20232024: 32 milj. USD2024: EBIT 3,3 milj. USD20242025: 25 milj. USD2025: EBIT −4,6 milj. USD20252026: 19 milj. USD2026: EBIT −6,4 milj. USD202619−6,4
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Electric vehicles80 %

E-motorcycles, e-bikes, and e-scooters sold under the Fly E-Bike brand.

Accessories and spare parts10 %

Add-on products such as baskets, storage boxes, and branded merchandise.

Repair and maintenance services5 %

Paid servicing, repairs, and after-sale support at retail locations.

Rental services5 %

Short-term e-bike rentals offered through selected stores and the Go Fly app.

Tuotteet

Raportoitu · osuus liikevaihdosta
60,6%36,3%FY2026100 %
  • Revenueswholesale60,6 %
  • Retail36,3 %
  • Revenues Rental Services3,0 %

Lähde: 10-K FY2026, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

The core customer base is food delivery workers in New York City, who buy e-bikes and related products for daily commercial use and value reliability, service access, and financing-like convenience from a retail network. The company also sells to distributors, direct online shoppers, and rental users seeking affordable urban mobility options.

Food delivery workers

Buy e-bikes and accessories for work use; they value uptime, service, and practical range.

Direct retail consumers

Purchase e-motorcycles, e-bikes, and e-scooters for commuting and personal transport.

Distributors

Buy wholesale inventory for logistics, warehousing, and resale into other retail channels.

Rental customers

Use selected stores and the Go Fly app for short-term, lower-commitment mobility access.

Accessory and service buyers

Purchase spare parts, branded merchandise, and repair services after the initial vehicle sale.

Strategia

Fly-E Group is focused on expanding its retail footprint, strengthening brand awareness, and using an online-to-offline model to convert web traffic into store sales. It is also trying to broaden the product mix, add services such as rentals and extended warranty offerings, and eventually expand beyond the U.S. into new international markets.

Retail network expansion and optimizationLyhyt aikaväli

Physical stores are central to customer acquisition, service, and brand trust.

Product refresh and innovationKeskipitkä aikaväli

Frequent model updates help maintain relevance in a fast-changing EV niche.

Channel diversificationKeskipitkä aikaväli

Mixing retail, online, distributor, and rental channels reduces reliance on one route to market.

International expansionPitkä aikaväli

New geographies could broaden the customer base beyond New York-centric demand.

Maantiede

The business is concentrated in the United States, especially New York City, where the brand has built its strongest customer recognition and store footprint. It also has one retail store in Canada and selected rental locations in New York, Toronto, and Los Angeles, while management has said it intends to expand into South America and Europe.

Riskit

The company faces execution risk in scaling production, quality control, and delivery while relying heavily on China-sourced components and third-party suppliers. It also has meaningful exposure to a young, competitive EV market, regulatory change, and internal-control weaknesses typical of a small, fast-growing public company.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Going concern and internal control weaknesses1Supply chain dependence on China vendors2Trade tensions between the U.S. and China3Quality control and product reliability4Regulatory and product liability exposure5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Going concern and internal control weaknessesVaikutus: KriittinenTodennäköisyys: Korkea

    Management disclosed substantial doubt about continuing as a going concern and material weaknesses in controls.

    KohdistuuLiquidityReporting reliabilityFinancing access
  2. Supply chain dependence on China vendorsVaikutus: KorkeaTodennäköisyys: Korkea

    Key vehicle components are sourced from a small number of suppliers, creating concentration and tariff risk.

    Kohdistuu: Vehicle components and finished goods sourcing

  3. Trade tensions between the U.S. and ChinaVaikutus: KorkeaTodennäköisyys: Korkea

    Tariffs, shipping disruptions, or policy changes could raise costs and delay inventory availability.

    Kohdistuu: Imported components and products

  4. Quality control and product reliabilityVaikutus: KorkeaTodennäköisyys: Korkea

    The company depends on third parties and has limited large-scale operating history in vehicle manufacturing and servicing.

    KohdistuuVehicle performanceWarranty claimsCustomer satisfaction
  5. Regulatory and product liability exposureVaikutus: KorkeaTodennäköisyys: Korkea

    EVs, batteries, repairs, and consumer products are subject to safety, environmental, and liability rules.

    KohdistuuVehicle defectsBattery handlingConsumer claims

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition and return allowances

Net sales are reduced by estimated returns and discounts, affecting reported revenue and margin.

Vaikutus: Can shift revenue between periods and change gross margin

Inventory obsolescence reserve

The company sells fast-evolving EV products that may become slow-moving or outdated.

Vaikutus: Write-downs reduce gross profit and inventory carrying value

Warranty and repair obligations

Vehicle sales and after-sale service create future repair and warranty cost exposure.

Vaikutus: Affects cost of sales and operating expense estimates

Store leases and retail operating costs

A store-based model creates recurring lease and occupancy commitments.

Vaikutus: Impacts operating leverage and fixed-cost burden

Disposal of subsidiaries

The company sold multiple subsidiaries to simplify structure and reduce reporting complexity.

Vaikutus: May create gains/losses and affect comparability across periods

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Flywire Corp

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LiveWire Group, Inc.

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Global-E Online Ltd.

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EZGO Technologies Ltd.

EZGO · Motorcycles, Bicycles & Parts

Ryde Group Ltd

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Päivitetty: 24.9.2026