Fly-E FY26 net loss widens 75% to $9.26 million; net revenues fall 25% to $19.06 million - FLYE News | RalliesFly-E FY26 net loss widens 75% to $9.26 million; net revenues fall 25% to $19.06 million
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FLYE• FY26 results
- Fly-E Group posted a GAAP net loss of $9.26 million, widening 75% from a year earlier.
- Net revenues fell 25% to $19.06 million, driven by lower unit sales and price cuts to clear aged inventory.
- GAAP gross margin narrowed to 24.4% from 41.1%, reflecting lower average selling prices and a mix shift toward wholesale sales.
- GAAP EBITDA loss widened to $6.29 million from $3.85 million, with EBITDA margin at negative 33%.
Legal and regulatory disclosures
- The company disclosed an SEC investigation opened Jan. 21, 2026, and said it ended UL trademark litigation after paying $1 million.
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