Fly-E (FLYE) stock price is $2.13, down 3.18% on the day, as of Oct 20, 2026. It has a market cap of $3.51Mn, and is classified in the Recreational Vehicles industry (Consumer Discretionary sector).
Enterprise Value
Margins
P/FCF
Key Stats
Market Cap3.51 Mn
P/E-0.31
P/S0.21
Div. Yield0.00
Total Debt (Qtr)5.95 Mn
Revenue Growth (1y) (Qtr)-48.42
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About
Fly-E Group, Inc. is an electric vehicle company engaged in designing, installing and selling smart electric motorcycles, electric bikes, electric scooters and related accessories under the brand Fly E-Bike. The company operates 20 retail stores including 19 in the United States and one in Canada, with an online store at flyebike.com serving U. S. customers. Its business focuses on providing eco-friendly transportation solutions for urban travel scenarios, with a strong…
Fly-E Group, Inc. is an electric vehicle company engaged in designing, installing and selling smart electric motorcycles, electric bikes, electric scooters and related accessories under the brand Fly E-Bike. The company operates 20 retail stores including 19 in the United States and one in Canada, with an online store at flyebike.com serving U. S. customers. Its business focuses on providing eco-friendly transportation solutions for urban travel scenarios, with a strong presence among food delivery workers in New York City.
The company generates revenue through retail sales, wholesale distribution and rental services. Retail sales of E-motorcycles, E-bikes and E-scooters constitute the primary revenue stream, supplemented by wholesale to distributors and rental services from selected locations in New York, Toronto and Los Angeles. For the year ended March 31, 2025, net revenues were approximately $25.4 million, comprising $21.7 million from retail sales, $3.5 million from wholesale and $171,867 from rental services.
The company operates through the following segments: E-motorcycles, E-bikes and E-scooters.
E-motorcycles: This segment includes 27 different products such as E-moped, E-motorcycle and E-tricycle models. The E-moped line features models like Fly-7, Fly-10 and Fly-Pro with a range of 20-70 miles per charge and top speeds of 20-38 miles per hour. E-motorcycles are designed for urban commuting with ranges of 25-80 miles and top speeds of 30-59 miles per hour, while the Fly-Tricycle offers three seats and a payload capacity of 1,239 pounds.
E-bikes: This segment consists of 36 different products including City E-bike, foldable E-bike and standard E-bike models. The City E-Bike offers a range of 15-20 miles per charge and a maximum speed of 20 miles per hour with under-seat storage. Foldable E-bikes such as Dolphin E-Bike and Air-2 provide 20-25 miles of range and a top speed of 23 miles per hour with a payload capacity of 250 pounds. Standard E-bikes like Sword Fish E-Bike and Rhino are lightweight with multiple speed options and a range of 20-60 miles per charge.
E-scooters: This segment currently offers 38 different products including Insurgent E-Scooter, Flytron, H-Max and H-1 models. These E-scooters provide a range of 15-45 miles on a single charge and a top speed range of 15-40 miles per hour, capable of holding 250-330 pounds. Smart E-scooters feature hydraulic disc brakes made from special alloys with slotted discs to extend system life and electronic braking systems for intelligent braking and kinetic energy recycling.
Fly-E Group, Inc. positions itself as a leading provider of E-bikes for food delivery workers in New York City, leveraging early market entry since 2018 and strong brand reputation for quality and customer service. The company competes in a highly competitive EV market against companies such as Trek Bicycle Corporation, Specialized Bicycle Components Inc. and Rad Power Bikes Inc., differentiating through innovative products like the easy battery swap system and user-centric design incorporating feedback and performance data.
The company serves a customer base where the majority are food delivery workers in New York City, constituting approximately 72% of its customer base for the year ended March 31, 2025. Additional customers include retail consumers across the United States served through its 20 retail stores, online store at flyebike.com and distributor network, with no single customer accounting for more than 10% of revenues.
Sector:Consumer DiscretionarySector rationaleFly-E designs, manufactures, and sells electric motorcycles, bikes, and scooters, which are classified as passenger vehicles/consumer electronics under Consumer Discretionary. The company's primary revenue comes from retail sales of these non-essential transportation goods to consumers and delivery workers.Industries:+1 moreRecreational VehiclesRecreational VehiclesPrimaryFly-E designs and manufactures recreational and urban electric vehicles, specifically electric motorcycles, e-bikes, and e-scooters. These products, such as the Fly-7 E-moped and various foldable E-bikes, fall under the category of powersports and recreational vehicles.Auto DealershipsAuto DealershipsSecondaryThe company operates 20 retail stores and an online store (flyebike.com) where it sells its vehicles directly to consumers, acting as a dealership for its own brand.Car RentalCar RentalSecondaryThe company generates revenue from rental services provided at selected locations in New York, Toronto, and Los Angeles.Classified using BQ-MICSCIK: 0001975940
Bull & bear
Investment Thesis
▲ Bull case
The company reported a strong increase in wholesale revenue which rose 153.4% year over year in the third quarter of fiscal year 2026 reaching 1,800,000 dollars.
This growth came even as retail sales fell sharply indicating a successful shift toward higher volume wholesale channels.
The wholesale channel benefits from disposed retail stores that continue to purchase inventory from the firm providing a recurring revenue stream.
Management highlighted the wholesale business as a key area of focus and expects further expansion as more stores are converted to wholesale partners.
The trend suggests the market may be underestimating the potential for wholesale to become the dominant revenue driver improving overall stability.
The company reported a strong increase in wholesale revenue which rose 153.4% year over year in the third quarter of fiscal year 2026 reaching 1,800,000 dollars.
This growth came even as retail sales fell sharply indicating a successful shift toward higher volume wholesale channels.
The wholesale channel benefits from disposed retail stores that continue to purchase inventory from the firm providing a recurring revenue stream.
Management highlighted the wholesale business as a key area of focus and expects further expansion as more stores are converted to wholesale partners.
The trend suggests the market may be underestimating the potential for wholesale to become the dominant revenue driver improving overall stability.