Business
Fly-E Group, Inc. Announces Third Quarter and Nine Months Financial Results of Fiscal Year 2026
Fly-E Group, Inc. (Nasdaq: FLYE) ("Fly-E" or the "Company"), an electric vehicle company engaged in designing, installing, selling, and renting smart electric motorcycles, electric bikes, and electric scooters, today announced its unaudited financial results for the third quarter and nine months of fiscal year 2026 ended December 31, 2025.
About this update from Fly-e Group, Inc.
[{"type":"text","content":"NEW YORK, April 21, 2026 /PRNewswire/ -- Fly-E Group, Inc. (Nasdaq: FLYE) ("Fly-E" or the "Company"), an electric vehicle company engaged in designing, installing, selling, and renting smart electric motorcycles, electric bikes, and electric scooters, today announced its unaudited financial results for the third quarter and nine months of fiscal year 2026 ended December 31, 2025.","length":407,"tagName":"p"},{"type":"text","content":"Third Quarter of Fiscal Year 2026 Financial Summary","length":51,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net revenues were $2.6 million, compared to $5.7 million in the same period last year.","length":86,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit was $1.0 million, compared to $2.6 million in the same period last year.","length":85,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross margin was 39.6%, compared to 45.1% in the same period last year.","length":71,"tagName":"p"}]},{"val":[{"type":"text","content":"Net loss was $1.9 million, compared to $0.7 million in the same period last year.","length":81,"tagName":"p"}]},{"val":[{"type":"text","content":"Basic and diluted losses per share were $1.18, compared to $2.78 in the same period last year.","length":94,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":417,"olType":false},{"type":"text","content":"Mr. Zhou (Andy) Ou, Chief Executive Officer of Fly-E, commented, "During the third quarter of fiscal year 2026, we remained focused on executing our strategy and advancing initiatives to navigate a challenging environment with cautious consumer demand. We continued to strengthen our business mix and saw meaningful momentum in select areas. Net revenues were $2.6 million for the quarter. Wholesale revenue increased 153.4% to $1.8 million. Rental services revenue also increased 288.6% to $0.2 million, reflecting continued growth of our service offerings. Looking ahead, we remain committed to improving execution and governance, strengthening commercial relationships, and optimizing operations, with an aim to support long-term value creation. We appreciate the continued support of our shareholders, customers, and partners as we work through this period and position Fly-E for greater resilience over time."","length":924,"tagName":"p"},{"type":"text","...