Fly-E Group, Inc. (FLYE) Earnings History

Fly-E Group, Inc. - FY2025 EarningsMissed

Filed at: Jul 15, 2025, 8:00 PM EDT|Read from source

EXECUTIVE SUMMARY

Fly-E Group reported a significant revenue decline and a net loss for fiscal year 2025, primarily due to decreased sales volume and increased operating expenses. Despite these challenges, the company saw an improvement in gross margin and believes it is well-capitalized following a recent public offering to invest in future growth.

POSITIVE HIGHLIGHTS

  • •

    Gross margin increased to 41.1% in fiscal year 2025 from 40.7% in fiscal year 2024, driven by cost reductions and favorable supplier pricing, particularly for batteries.

    positive
  • •

    The company believes it is well-capitalized following a successful registered direct public offering in June 2025.

    positive
  • •

    Rental service revenue was $0.2 million in fiscal year 2025, a new revenue stream for the company.

    neutral

CONCERNS & RISKS

  • •

    Net revenues decreased by 21.0% to $25.4 million in fiscal year 2025 from $32.2 million in fiscal year 2024, driven by a 15.4% decrease in sales volume (from 69,611 to 58,765 units).

    negative
  • •

    Net loss was $5.3 million in fiscal year 2025, a significant deterioration from a net income of $1.9 million in fiscal year 2024.

    negative
  • •

    Basic and diluted losses per share were $1.10 in fiscal year 2025, compared to earnings per share of $0.43 in fiscal year 2024.

    negative
  • •

    Operating expenses increased by 52.5% to $15.0 million in fiscal year 2025 from $9.8 million in fiscal year 2024, driven by higher payroll, rent, professional fees, and settlement payments.

    negative
  • •

    Net cash used in operating activities was $10.1 million in fiscal year 2025, a significant shift from net cash provided by operating activities of $4.3 million in fiscal year 2024.

    negative
  • •

    EBITDA turned negative, reaching $(3.9) million in fiscal year 2025, compared to positive EBITDA of $3.5 million in fiscal year 2024.

    negative

FINANCIAL METRICS

Revenue
Quarterly
N/A
N/A
Annual (YTD)
$25.43B
N/A
Prior year: $32.21B
Net Income
Quarterly
N/A
N/A
Annual (YTD)
$-5.29B
N/A
Prior year: $1.90B
EPS (Diluted)
Quarterly
N/A
N/A
Annual (YTD)
$-1.10
N/A
Prior year: $0.43
Operating Income
Quarterly
N/A
N/A
Annual (YTD)
$-4.56B
N/A
Prior year: $3.26B
EPS (Basic)
Quarterly
N/A
N/A
Annual (YTD)
$-1.10
N/A
Prior year: $0.43

MARGIN ANALYSIS

Gross Margin
Current Quarter
41.1%
Prior Year
40.7%
YoY Change
+40 bps
Operating Margin
Current Quarter
-17.9%
Prior Year
10.1%
YoY Change
-2800 bps
Net Margin
Current Quarter
-20.8%
Prior Year
5.9%
YoY Change
-2670 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

MANAGEMENT COMMENTARY

Fiscal year 2025 was a pivotal year for Fly-E as we navigated a complex and evolving market landscape.

— Fly-E Group, Inc., FY2025 2025 Earnings Call

We achieved an improvement in gross margin to 41.1%, supported by cost reductions and more favorable pricing obtained from our suppliers, particularly in battery sourcing.

— Fly-E Group, Inc., FY2025 2025 Earnings Call

We are positive about our growth prospects despite the dip in revenue caused by short-term external factors, as we have established solid reputation and continued to invest in marketing and product diversification.

— Fly-E Group, Inc., FY2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Units Sold
58.8K
-15.6% YoY
Prior year: 69.6K
units

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.