Fly-E Group Inc. Common Stock (FLYE)

FairStock Score: 36/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable businesses with honest accounting and a margin of safety. Fly-E does not yet meet that bar. It sells electric motorcycles, e-bikes and accessories through a 55-employee operation, but I see no evidence of a durable moat in a competitive consumer-cyclical industry. The financials have deteriorated: FY2024 (period ended 2024-03-31) earned $1.9M on $32.2M of revenue; FY2025 (period ended 2025-03-31) lost $5.3M on $25.4M; and FY2026 (period ended 2026-03-31) lost $9.3M on $19.1M. In fiscal Q1 2027 (quarter ended 2026-06-30), revenue was only $2.7M and net loss was $3.9M, versus fiscal Q1 2026 (quarter ended 2025-06-30) revenue of $5.3M and net loss of $2.0M. FairStock’s trailing free cash flow is -$10.5M, a -181.3% FCF yield, and FairStock also calculates an Altman Z-Score of -0.45 and a Piotroski F-Score of 3/9. Debt/equity is 0.75, so the balance sheet offers little cushion. At the 2026-10-13 close of $3.55, market cap is $5.8M. FairStock puts P/B at 0.43 and P/E at -0.74. A sub-book price can be attractive if assets are real and earnings recover, but here the cash burn is larger than the market cap and the Lynch category is TURNAROUND—loss in the latest year after earlier profits. I would want to see revenue stabilize, losses shrink, and cash stop leaving the business before calling this a value opportunity. Until then, it is a speculative turnaround, not a safe bargain.

In plain English: Fly-E makes electric motorcycles, e-bikes, scooters and accessories under the Fly E-Bike brand in the U.S. The business looks weak: it lost money in FY2026 and in the latest quarter, and sales have fallen from earlier levels. At $3.55, the price looks low compared with its accounting value, but the losses and cash burn make it hard to call a clear bargain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2027 10-Q (period ended 2026-06-30) · fiscal Q3 2026 10-Q (period ended 2025-12-31) · fiscal Q2 2026 10-Q (period ended 2025-09-30) · fiscal Q1 2026 10-Q (period ended 2025-06-30) · FY2026 10-K (period ended 2026-03-31) · FY2025 10-K (period ended 2025-03-31) · FY2024 10-K (period ended 2024-03-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer