Company Analysis

Fly-E Group, Inc. (FLYE)

Nasdaq: FLYE · Motor Vehicles & Passenger Car Bodies · Queens, NY · filing with the SEC since 2023
Grade3.2
◀ Past 1.5● Present 4.7▶ Future 3.0
2 est.

The grade of Fly-E Group, Inc.

Nine metrics read from its own filings, by tense
Headline grade
3.2/10
◀ Past1.530% of the headline
● Present4.740% of the headline
▶ Future3.030% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

1.5/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
0.2/10

Has it survived what it has been through?

19 warning events since 2023; the latest 2026-11-04.

weight 33% of this tense · 2nd percentile among 28 sector filers · read for itself

From the record

Fly-E Group, Inc.'s filings since 2023 show 19 warning events of 4 kinds: a debt default or acceleration notice (8-K item 2.04, the latest 2026-11-04); a notice about its exchange listing (8-K item 3.01, 8 times, the latest 2026-09-03); an auditor change (8-K item 4.01, the latest 2026-03-12); a late-report notice (Form NT 10-K or NT 10-Q, 9 times, the latest 2026-08-14) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
2.9/10

What has it actually done, year after year?

-4.3% a year over 4 filed years; profitable in 2 of 4.

weight 45% of this tense · 29th percentile among 27 sector filers · read for its customers

From the record

Fly-E Group, Inc.'s 4 filed years say what it did: revenue went from $22 million in fiscal 2023 to $19 million in fiscal 2026, down 4.3% a year; it rose in 1 of 3 years; the deepest fall was 41% from fiscal 2024 to fiscal 2026; net income was positive in 2 of 4 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-4.3%bottom 14% of its family
  • the share of years revenue rosebottom 15% of its family
  • the share of filed years with a profittop 39% of its family
  • the deepest fall from a revenue peak40.8%bottom 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
0.6/10

How has it treated the people who own it?

SI estimate 0.6/10, confidence 35 of 100 (one part).

weight 22% of this tense · 6th percentile among 27 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 6% of 27 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 27 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Fly-E Group, Inc.'s shareholder treatment is put at 0.6 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 6% of 27 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.7/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
5.3/10

Is it financially healthy right now?

ROE -53%: lost 53¢ per shareholder dollar. Leverage 41%: owes 41¢ per asset dollar.

weight 45% of this tense · 53rd percentile among 28 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-03-31, Fly-E Group, Inc. lost about 53 cents for every dollar of shareholders' money, and gross profitability: its products earned about 16 cents per dollar of everything the company owns. Leverage: it owed about 41 cents per dollar of assets, and net share issuance: its share count grew 358.2% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 9% of its family
  • return on equitybottom 34% of its family
  • gross profit against assetstop 19% of its family
  • the share count against the year beforebottom 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
2.8/10

How strong is its position in its industry?

bottom 28% of 27 in its family; net margin -48.6%.

weight 33% of this tense · 28th percentile among 27 sector filers · read for its customers

From the record

Fly-E Group, Inc.'s standing among 27 graded names in its industry family: revenue of $19 million in fiscal 2026 ranks in the bottom 25% by size; a net margin of -48.6% ranks in the bottom 43%; revenue growth of -4.3% a year over the last 3 filed years ranks in the bottom 17% (its annual reports).

What it rests on

  • revenue against the family$19.1Mbottom 25% of its family
  • net margin-48.6%bottom 43% of its family
  • three-year revenue growth-4.3%bottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
6.3/10

What are the people in charge doing?

SI estimate 6.3/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 11 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
No officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 11 members with one.
What the record cannot read
No officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned
family median, 11 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Fly-E Group, Inc.'s leadership is put at 6.3 of 10 with a confidence of 20 of 100, because no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 11 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

3.0/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.4/10

How much room does it have to grow?

bottom 34% of 26 in its family for room to expand.

weight 45% of this tense · 34th percentile among 26 sector filers · read for itself

From the record

Fly-E Group, Inc.'s room to grow, from the newest filed statements (fiscal 2026): cash of $265 thousand against debt of $6 million leaves -19.4% of its assets as net cash, bottom 17% of its family; cash from operations less capital spending is -73% of revenue (bottom 25%); a gross margin of 24.4% (top 15%); research spending of 1.8% of revenue (bottom 10%) (its annual report).

What it rests on

  • cash less debt against assets-19.4%bottom 17% of its family
  • cash from operations less capital spending against revenue-73.0%bottom 25% of its family
  • gross margin24.4%top 15% of its family
  • research spending against revenue1.8%bottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.4/10

What could actually drive growth from here?

bottom 34% of 27 in its family for growth drivers.

weight 33% of this tense · 34th percentile among 27 sector filers · read for its customers

From the record

Fly-E Group, Inc.'s growth drivers, from the filed years to fiscal 2026: revenue grew -4.3% a year over the last three filed years against -4.3% over all 4, speeding up (top 46% of its family); the newest year grew -25% (bottom 17%); research spending grew 7.9% a year (top 37%); capital spending grew -75.6% a year (bottom 2%) (its annual reports). Fly-E Group, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+0.0 points a yeartop 46% of its family
  • the newest year's revenue growth-25.0%bottom 17% of its family
  • three-year growth of research spending7.9%top 37% of its family
  • three-year growth of capital spending-75.6%bottom 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
1.5/10

Did its newest year beat what its own record pointed to?

bottom 15% of 26 in its family for expectations against reality.

weight 22% of this tense · 15th percentile among 26 sector filers · read for its shareholders

From the record

Fly-E Group, Inc.'s newest year against its own record: revenue of $19 million in fiscal 2026 came in 30.6% below the $27 million its prior three years' pace pointed to (bottom 26% of its family); net income of $9 million against a prior three-year average of $672 thousand (bottom 2%); a net margin of -48.6% against -2.9% before (bottom 17%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-30.6%bottom 26% of its family
  • net income against the prior three years' averagefive times below its prior average or morebottom 2% of its family
  • net margin against its prior average-45.7 pointsbottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton FLYE · research, not advice