Fly-E Group (FLYE) Q4 2026 earnings summary

Executive summary

• Fiscal year 2026 marked a strategic transition with retail footprint optimization, corporate structure simplification, and administrative efficiency initiatives.

• Revenue mix shifted toward wholesale and rental services, both showing strong year-over-year growth despite overall revenue decline.

• Focus remains on product safety, innovation (battery swap system, Go Fly app), rental program expansion, and online retail growth.

Financial highlights

• Net revenues fell 25.0% year-over-year to $19.1 million from $25.4 million.

• Gross profit dropped to $4.7 million from $10.5 million; gross margin declined to 24.4% from 41.1%.

• Net loss widened to $9.3 million from $5.3 million; basic and diluted losses per share improved to $8.38 from $21.95 due to share count changes.

• EBITDA was negative $6.3 million, compared to negative $3.9 million a year earlier.

• Cash at year-end was $0.3 million, down from $0.8 million.

Outlook and guidance

• Management expects operational adjustments to support long-term growth and resilience.

• Strategic pillars include product safety, innovation, rental expansion, and online retail.