Fly-E Group Inc
flyebike.comWhat Do They Do?
Sells electric motorcycles, bikes and scooters primarily to distributors, as well as retail customers.
10-K for FY2026, filed Jul 23, 2026Fly-E Group, Inc. (“Fly-E Group,” and collectively with its subsidiaries, the “Company,” “we” or similar terminology), is an electric…View ↗
Our net revenues were approximately $19.1 million for the year ended March 31, 2026, consisting of retail sales revenue of approximately…View ↗
We focus on promoting awareness of our brand as a lifestyle brand with high-quality smart E-bikes, E-motorcycles and E-scooters. Our brand…View ↗
In terms of our distributors, most of them are located in the United States. Our distributors purchase products from us at a wholesale…View ↗
How Do They Make Money?
Most wholesale distributors pay upfront for products; retail and wholesale sales are counted when products are delivered or accepted. Rental services generate revenue over the rental period.
10-K for FY2026, filed Jul 23, 2026The Company generates substantially all its revenues from sales of products such as smart E-bikes, E-motorcycles, E-scooters and…View ↗
Since the contract price and term are fixed and enforceable, and an assurance-type warranty guarantees the functionality of a product, and…View ↗
In terms of our distributors, most of them are located in the United States. Our distributors purchase products from us at a wholesale…View ↗
Due to the short-term nature of the rental business, the Company classifies these rentals operating leases. Revenue generated from the…View ↗
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10-K for FY2026, filed Jul 23, 2026
FY2026 revenue by product or service ↗
$19.1M
-
10-K for FY2026, filed Jul 23, 2026
$19.1M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Product revenues - retail (ASC 606)
Sold outright
10-K for FY2026, filed Jul 23, 2026 |
36%
FY2023: 87%
|
Product revenues - retail (ASC 606), FY2026
$6.9M Sources
|
Sold outright |
|
Product revenues - wholesale (ASC 606)
Sold outright
10-K for FY2026, filed Jul 23, 2026 |
61% |
Product revenues - wholesale (ASC 606), FY2026
$11.6M Sources
|
Sold outright |
|
Revenues - rental services (ASC 842)
Recurring
|
3.0% |
Revenues - rental services (ASC 842), FY2026
$580K Sources
|
Recurring |
Who Are Their Customers?
Retail customers shop in stores or online, and distributors buy wholesale products for delivery to other retailers. Food delivery workers make up most of the customer base.
10-K for FY2026, filed Jul 23, 2026We have established an omnichannel retail model network to sell our products and provide services to our customers. We currently operate 4…View ↗
In terms of offline marketing, we prioritize in-store promotions and targeted advertising. This includes offering discounts and special…View ↗
In terms of our distributors, most of them are located in the United States. Our distributors purchase products from us at a wholesale…View ↗
We have adopted an online to offline model that enables us to seamlessly integrate the online and offline networks to provide a cohesive…View ↗
Do Revenues Turn Into Profits?
No. It lost $9.3M in FY2026.
10-K for FY2026, filed Jul 23, 2026
−$6.4MView ↗
10-K for FY2026, filed Jul 23, 2026
−$9.3MView ↗
10-K for FY2026, filed Jul 23, 2026
−$13.9MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q1 FY2027, filed Sep 1, 2026
−$3.9MView ↗
- ▲ +96% (Loss)
- vs −$2M in Q1 FY2026
10-Q for Q1 FY2027, filed Sep 1, 2026
Open tableView ↗
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Sep 11, 2026
Lisa Fan resigned as CEO; Qiang Chen was appointed CEO.
Sources
8-K, filed Sep 11, 2026
On September 11, 2026, Lisa Fan resigned from her positions as Chief Executive Officer and Director of Fly-E Group, Inc. (the “Company”)…View ↗
Who Do They Compete With?
Competes with Trek Bicycle, Specialized Bicycle Components, and Rad Power Bikes
10-K for FY2026, filed Jul 23, 2026Many companies, which have greater financial and marketing resources than us, make electric two-wheelers, including Trek Bicycle…View ↗
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