Fly-E Group Reports 42.7% Revenue Plunge in Q2 Amid Nasdaq Delisting Risk
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 30 2025
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Source: Benzinga
- Revenue Plunge: Fly-E Group's Q2 fiscal 2026 results revealed a staggering 42.7% year-over-year revenue decline, with net revenues dropping from $6.8 million to $3.9 million, indicating a severe collapse in demand that could further erode investor confidence.
- Price Drop: The average unit price of its electric vehicles fell by 61%, likely a strategic move by management to liquidate aging inventory, reflecting significant inventory pressure and intensifying market competition.
- Compliance Risks: The company's “going concern” status raises alarms, as it has a history of late financial filings and faces delisting risks from Nasdaq, which could lead to substantial losses for investors.
- Safety Concerns: Fly-E's batteries have been linked to fatal fires in New York City, and the company settled a $1 million lawsuit with UL Solutions for falsely claiming product safety certifications, exacerbating investor fears regarding its safety standards.
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Analyst Views on FLYE
About FLYE
Fly-E Group, Inc. is an electric vehicle (EV) company, which is engaged in designing, installing, selling, and renting smart electric motorcycles, electric bikes, electric scooters and related accessories under the brand Fly E-Bike. The Company has approximately 36 stores, including 35 retail stores in the United States and one retail store in Canada. The Company offers rental services from selected locations in New York and Los Angeles. It also sells its products through its online store at flyebike.com. The Company offers 25 E-motorcycle products, 28 E-bike products and 37 E-scooter products. It has a diversified product portfolio that is designed to satisfy the various demands of its customers and address different urban travel scenarios. The Company has produced approximately 3,842 E-motorcycles, 5,713 E-bikes and 1,480 E-scooters. It sources vehicle components from China and the United States and then assembles them into its vehicles in a facility located in Maspeth, New York.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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