Fly-E Group, Inc.

Listed Company

FLYECIK 0001975940NasdaqEmerging GrowthMotor Vehicles & Passenger Car BodiesDelawareFY ends Mar 31

Period

FY 2025

Revenue

$25.43M

Net Income

$-5.29M

Total Assets

$33.71M

Equity

$9.83M

Shares Out

1.63M

Op. Cash Flow

$-10.10M

Business

Fly-E Group, Inc. is an electric vehicle company that designs, assembles, installs and sells smart two‑wheel and three‑wheel electric vehicles and related services under the Fly E-Bike brand. It offers E-motorcycles, E-bikes, E-scooters, branded accessories, spare parts, rental services and after‑sales maintenance, and is developing a mobile app and an extended warranty program. Its operations are organized across retail stores, wholesale distributors, online sales, rental programs and service centers, supported by centralized vendor management and assembly. The company sells primarily in the United States and Canada through owned stores, distributors and its website, with rentals available in select cities.

Summary from filing dated 2025-07-15

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	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

As of · In millions, except per-share amounts

Concept	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

Year Ended · In millions, except per-share amounts

Concept	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

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro