---
title: "Fly-E Group, Inc. FY 2026: Revenue $19.06M, EPS ($8.38) — 10-K Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293668664.md"
description: "Fly-E Group reported FY2026 revenue of $19.06M, down 25% YoY, with a net loss of ($9.26M). The decline stems from a strategic shift to wholesale channels and retail consolidation, reducing U.S. stores to four. Management cleared aged inventory via price reductions. Despite lower revenue, diluted EPS improved to ($8.38) from ($21.95). Key challenges included lithium-battery safety concerns and regulatory impacts."
datetime: "2026-07-23T21:05:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293668664.md)
  - [en](https://longbridge.com/en/news/293668664.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293668664.md)
generator: "portal-rs"
---

# Fly-E Group, Inc. FY 2026: Revenue $19.06M, EPS ($8.38) — 10-K Summary

Fly-E Group, Inc. reported fiscal 2026 revenue of $19.06M and a net loss of ($9.26M), compared with $25.43M in revenue and a net loss of ($5.29M) a year earlier; diluted loss per share was ($8.38) in 2026. The results reflect a significant shift in channel mix, inventory actions and retail consolidation implemented during the year.

**Financial Highlights**

Metric

Current year

Prior year

YoY change

Revenue¹

$19.06M

$25.43M

(25%)

Net income²

($9.26M)

($5.29M)

(75%)

Diluted EPS³

($8.38)

($21.95)

61.8%

*¹ Reported as “Revenues”. ² Reported as “Net Loss”. ³ Reported as “Losses per Share\*”.*

**Business Highlights**

-   Revenue trend and channel shift: Net revenue fell 25% year over year; retail sales dropped about 68% while wholesale increased roughly 227%, indicating a marked shift toward wholesale channels.
-   Product and inventory actions: Management reduced prices to clear aged inventory, recorded inventory reserves and clearance losses, and streamlined product offerings.
-   Retail footprint and operations: The U.S. retail network was consolidated to four stores after selling or closing more than 24 locations; the company emphasized online and rental channels.
-   Technology and services: Launched the GO FLY rental app in September 2024 and completed an ERP implementation in May 2025; work continues on customer management applications.
-   Safety and regulatory impacts: Lithium-battery safety concerns and a UL trademark settlement affected consumer demand, product compliance and operations.

Original SEC Filing: Fly-E Group, Inc. \[ FLYE \] - 10-K - Jul. 23, 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.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**