--- title: "Fly-E 10-Q: Revenue $2.65M Q / $11.89M YTD; EPS $(1.18) Q / $(6.14) YTD" type: "News" locale: "en" url: "https://longbridge.com/en/news/283560422.md" description: "Fly-E reported a quarterly net revenue of $2.65 million and a net loss of $1.92 million, with a loss per share of $1.18. Year-to-date, net revenue was $11.89 million, resulting in a net loss of $5.71 million and a loss per share of $6.14. The decline in revenue was attributed to lower units sold, inventory clearance pricing, and increased legal and interest expenses. Retail sales saw a significant drop of 63.6% year-to-date, while wholesale and rental channels grew. The company streamlined operations, now operating six retail locations in the U.S." datetime: "2026-04-21T21:11:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283560422.md) - [en](https://longbridge.com/en/news/283560422.md) - [zh-HK](https://longbridge.com/zh-HK/news/283560422.md) --- # Fly-E 10-Q: Revenue $2.65M Q / $11.89M YTD; EPS $(1.18) Q / $(6.14) YTD Fly-E reported quarterly net revenue of $2.65 million and a net loss of $1.92 million (loss per share of $1.18) for the quarter, reflecting a sharp decline in sales and higher interest costs. For the nine months, net revenue was $11.89 million with a net loss of $5.71 million (loss per share of $6.14), as lower volumes, margin pressure and elevated costs weighed on results. Management cited reduced units sold, inventory clearance pricing and increased legal/impairment and interest expenses as primary drivers of the weaker financial performance. **Financial Highlights** - **Revenues, Net**: $2.65 million (Quarter); $11.89 million (Nine months); down 53.3% quarter-over-quarter and 41.7% year-to-date due to lower units sold. - **Gross Profit**: $1.05 million (Quarter); $4.29 million (Nine months). Gross margin was 39.6% for the quarter and 36.1% year-to-date, showing margin contraction versus the prior year. - **Loss from Operations**: $(1.56) million (Quarter); $(4.11) million (Nine months). Operating expenses declined year-to-date but were impacted by impairment and legal costs that increased general and administrative expenses. - **Net Loss**: $(1.92) million (Quarter); $(5.71) million (Nine months). The increased loss was driven by the revenue decline and higher interest expense. - **Losses per Share**: $(1.18) per share (Quarter); $(6.14) per share (Nine months). Weighted average shares outstanding: 1,632,391 (Quarter) and 930,332 (Year-to-date). **Business Highlights** - **Revenue Trend and Channel Mix**: Net revenue fell approximately 42% year-to-date and about 53% quarter-over-quarter, driven by steep declines in units sold and pricing actions to clear aged inventory. Retail sales collapsed (63.6% year-to-date decline) while wholesale and rental channels grew materially as the company shifted away from physical retail presence. - **Operational Footprint**: The company streamlined operations by selling or closing multiple stores and now operates six U.S. retail locations, with centralized assembly operations in Maspeth, New York. - **Brand, Safety and Legal**: Multiple lithium-battery incidents prompted regulatory scrutiny, dented consumer retail demand and led to litigation and reputational challenges that affected sales trends. - **Product and Technology**: Expanded product SKUs across categories (including motorcycles, e-bikes and scooters) and launched a rental program. The company is continuing ERP implementation and ongoing enhancements to its GO FLY app to support operations and customer engagement. Original SEC Filing: Fly-E Group, Inc. \[ FLYE \] - 10-Q - Apr. 21, 2026 **Disclaimer** This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC. ### Related Stocks - [FLYE.US](https://longbridge.com/en/quote/FLYE.US.md) - [RTH.US](https://longbridge.com/en/quote/RTH.US.md) - [XRT.US](https://longbridge.com/en/quote/XRT.US.md) - [ONLN.US](https://longbridge.com/en/quote/ONLN.US.md) - [IBUY.US](https://longbridge.com/en/quote/IBUY.US.md) - [343927307.US](https://longbridge.com/en/quote/343927307.US.md) ## Related News & Research - [Inside Amazon: 12 employees describe life under layoffs, AI pressure, and 5-day RTO](https://longbridge.com/en/news/286667611.md) - [aka Brands boosts Q1 margins and raises 2026 guidance](https://longbridge.com/en/news/286158379.md) - [Brazil's XP Inc Q1 revenue rises, EPS up](https://longbridge.com/en/news/286815434.md) - [Target is set to report first-quarter earnings, offer read on consumer](https://longbridge.com/en/news/287002452.md) - [Centric Software to Showcase AI-Powered Retail Innovations at NRF 2026 APAC](https://longbridge.com/en/news/286953267.md)