Fly-E Group, Inc.
Business
Fly-E Group, Inc. designs, assembles, and sells electric motorcycles, electric bikes, and electric scooters under the brand Fly E-Bike, along with accessories and rental services. The company operates 20 retail stores (19 in the U.S., 1 in Canada), one e-commerce platform, and a rental service across New York, Toronto, and Los Angeles. The product portfolio includes 27 e-motorcycle models, 36 e-bike variants, and 38 e-scooter models, with particular focus on food delivery workers as the core customer segment. Distribution occurs through owned retail locations, 85 third-party distributors, and its online store.
Summary from 10-K filed 2025-07-15
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 |
|---|---|---|---|---|
| Revenues | 25 | 32 | 22 | |
| Cost of Revenues | 15 | 19 | 13 | |
| Gross Profit | 10 | 13 | 8 | |
| Selling Expenses | 7 | 6 | 4 | |
| General and Administrative Expenses | 8 | 4 | 2 | |
| Total Operating Expenses | 15 | 10 | 6 | |
| Income (Loss) from Operations | −5 | 3 | 2 | |
| Other Income (Expenses), net | 10,588 | −30,352 | — | |
| Interest Expenses, net | −405,615 | −152,050 | −100,387 | |
| Income (Loss) Before Income Taxes | −5 | 3 | — | |
| Income Tax Expense | −336,166 | −1 | −820,000 | |
| Net Income (Loss) | −5 | 2 | 1 | |
| Foreign currency translation adjustment | −27,230 | −13,829 | — | |
| Total Comprehensive Income (Loss) | −5 | 2 | 1 | |
| Earnings (Losses) per Share (in Dollars per share) | −1.1 | 0.43 | 0.06 | |
| Basic (in Shares) | 5 | 4 | 22 | |
| Diluted (in Shares) | 5 | 4 | 22 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-03-31 | FY 2024 2024-07-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2023 2023-01-31 |
|---|---|---|---|---|---|---|
| Cash | 840,102 | — | 1 | — | — | |
| Accounts receivable | 466,187 | — | 212,804 | — | — | |
| Inventories, net | 6 | — | 5 | 4 | — | |
| Prepayments and other receivables | 4 | — | 588,660 | 782,819 | — | |
| Assets held for sale | 2 | — | — | — | — | |
| Total Current Assets | 14 | — | 8 | 6 | — | |
| Property and equipment, net | 7 | — | 2 | 785,285 | — | |
| Security deposits | 728,450 | — | 781,581 | 424,942 | — | |
| Deferred IPO costs | — | — | 502,198 | 75,819 | — | |
| Deferred tax assets, net | 94,983 | — | 35,199 | 211,100 | — | |
| Operating lease right-of-use assets | 11 | — | 16 | 10 | — | |
| Intangible assets, net | 525,865 | — | 36,384 | — | — | |
| Long-term prepayment for property | — | — | 450,000 | — | — | |
| Total Assets | 34 | — | 29 | 17 | — | |
| Accounts payable | 1 | — | 1 | 1 | — | |
| Short-term loan payables | 5 | 2 | — | — | 255,000 | |
| Current portion of long-term loan payables | 100,835 | — | 1 | 412,224 | — | |
| Accrued expenses and other payables | 1 | — | 925,389 | — | — | |
| Operating lease liabilities current | 3 | — | 3 | 2 | — | |
| Taxes payable | — | — | 2 | 959,456 | — | |
| Liabilities held for sale | 2 | — | — | — | — | |
| Total Current Liabilities | 13 | — | 8 | 5 | — | |
| Long-term loan payables | 2 | — | 412,817 | 723,228 | — | |
| Operating lease liabilities non-current | 9 | — | 14 | 9 | — | |
| Total Liabilities | 24 | — | 22 | 15 | — | |
| Commitment and Contingencies | — | — | — | — | — | |
| Preferred stock, $0.01 par value, 10,000,000 shares authorized and nil outstanding as of March 31, 2025 March 31, 2024 | — | — | — | — | — | |
| Common stock, $0.01 par value, 300,000,000 shares authorized and 4,917,500 shares outstanding as of March 31, 2025 and 100,000,000 shares authorized and 4,400,000 shares outstanding as of March 31, 2024 | 49,175 | — | 44,000 | 220,000 | — | |
| Additional paid-in capital | 11 | — | 3 | — | — | |
| Shares subscription receivable | −219,998 | — | −219,998 | −219,998 | — | |
| (Accumulated deficit) Retained Earnings | −895,510 | — | 4 | 3 | — | |
| Accumulated other comprehensive loss | −41,059 | — | −13,829 | — | — | |
| Total FLY-E Group, Inc. Stockholders Equity | 10 | — | 7 | 3 | — | |
| Total Liabilities and Stockholders Equity | 34 | — | 29 | 17 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 |
|---|---|---|---|---|
| Loss on disposal of property and equipment | 108,593 | 46,084 | — | |
| (Gain) Loss on termination of operating lease | −111,564 | 5,957 | — | |
| (Gain) Loss on disposal of subsidiaries | −84,302 | — | — | |
| Credit loss for accounts receivable | 116,746 | — | — | |
| Depreciation expense | 631,280 | 272,708 | 145,783 | |
| Amortization expense | 65,091 | 1,648 | — | |
| Deferred income taxes (benefits) expenses | −64,829 | 176,093 | 448,800 | |
| Amortization of operating lease right-of-use assets | 5 | 2 | 2 | |
| Inventories reserve | 870,589 | 456,209 | — | |
| Accounts receivable | −329,029 | 176,273 | −334,752 | |
| Accounts receivable related parties | 248,349 | −190,349 | −136,565 | |
| Inventories | −3 | −2 | 615,394 | |
| Prepayments and other receivables | −3 | 194,160 | −637,630 | |
| Prepayments for operation services to related parties | −60,000 | −60,000 | — | |
| Security deposits | −84,605 | −422,240 | −130,680 | |
| Accounts payable | 91,509 | 2 | −70,928 | |
| Accrued expenses and other payables | 460,364 | 334,726 | — | |
| Operating lease liabilities | −5 | −2 | −2 | |
| Taxes payable | −2 | 570,769 | 225,027 | |
| Net cash (used in) provided by operating activities | −10 | 4 | 2 | |
| Purchases of properties and equipment | −2 | −1 | — | |
| Purchase of software and hardware from a related party | −1 | −1 | — | |
| Cash held at disposal entities | −54,774 | — | — | |
| Repayment from a related party | 660,256 | 111,500 | — | |
| Advance to a related party | −480,000 | −291,756 | — | |
| Prepayments for property | — | −450,000 | — | |
| Payments of property rights | — | −38,032 | — | |
| Net cash used in investing activities | −3 | −3 | −442,915 | |
| Borrowing from loan payables | 7 | 1 | 2 | |
| Repayments of loan payables | −4 | −639,367 | −278,222 | |
| Repayments on other payables - related parties | −92,229 | −290,252 | — | |
| Payments of related party loan | — | −150,000 | — | |
| Capital Contributions from Stockholders | — | 136,370 | — | |
| Payments of IPO cost | −282,403 | −201,379 | −75,819 | |
| Net proceeds from issuance of common stock - IPO | 9 | — | — | |
| Net cash provided by (used in) financing activities | 12 | −49,628 | −1 | |
| Net changes in cash including cash classified within current assets held for sale | −474,634 | 1 | −36,140 | |
| Effect of exchange rate changes on cash | −27,230 | −13,829 | — | |
| Cash paid for interest expense | 405,615 | 152,050 | 100,341 | |
| Cash paid for income taxes | 2 | 435,881 | — | |
| Settlement of accounts payable by related parties | — | 50,000 | — | |
| Settlement of accounts payable by capital contribution | — | 2 | — | |
| Purchase of vehicle funded by loan | 224,638 | 34,974 | — | |
| Purchase of office funded by loan | 2 | — | — | |
| Purchase software and office by using previous prepayments | 2 | — | — | |
| Purchase property rights by using previous prepayments | 54,572 | — | — | |
| Properties used for rental services | 193,964 | — | — | |
| Unpaid deferred IPO cost | — | 225,000 | — | |
| Deferred IPO cost recognized as additional paid-in capital | 502,198 | — | — | |
| Uncollected proceeds from disposal of subsidiaries | 635,193 | — | — | |
| Termination of operating lease right-of-use assets and operating lease liabilities | −2 | −3 | — | |
| Right-of-use assets obtained in exchange for operating lease liabilities | 2 | 11 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Fly-E Group, Inc.'s CIK number?
Fly-E Group, Inc.'s SEC CIK number is 0001975940 (1975940). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Fly-E Group, Inc.'s SEC filings?
All of Fly-E Group, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Fly-E Group, Inc. last report earnings?
Fly-E Group, Inc. (FLYE) most recently filed an earnings 8-K with the SEC on Jul 16, 2025, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001213900-25-064412). This is Fly-E Group, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Fly-E Group, Inc.'s most recent earnings 8-K?
Fly-E Group, Inc.'s latest earnings 8-K (Item 2.02) was filed Jul 16, 2025 under accession 0001213900-25-064412. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Fly-E Group, Inc.'s latest earnings 8-K →
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