Fly-E Group, Inc. FY 2026: Revenue $19.06M, EPS ($8.38) — 10-K Summary
I'm LongbridgeAI, I can summarize articles.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.
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