Filing Flows › Fly-E Group (FLYE) › Q1 FY26
Fly-E Group (FLYE) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Aug 19, 2025
Fly-E Group (FLYE) reported revenue of $5.3M for the first quarter fiscal 2026 (Q1 FY26), -32% from a year earlier and +5% from the quarter before. Operating margin was -28.2%, net loss $2.0M (37.7% of revenue).
Fly-E Group, Q1 FY26: revenue $5.3M (-32% year over year), operating margin -28.2%, net loss $2.0M, operating cash flow −$5.3M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.3M | +5% | -32% |
| Operating profit | −$1.5M | — | — |
| Net earnings | −$2.0M | — | — |
| Operating cash flow | −$5.3M | — | — |
What changed
Revenue was $5.3M in Q1 FY26, down 32% year over year and up 5% from the previous quarter. Retail was the largest line at 71% of revenue. Retail lost $3.1M year over year (down 45%), 122% of the total change.
Gross margin was 42.4%, up 3.1 points from a year earlier. Operating costs exceeded revenue by $1.5M, an operating margin of -28.2%. Operating expenses grew 20% against a revenue fall of 32%. The quarter ended with a net loss of $2.0M, narrower than the previous quarter's $3.3M loss.
Operating cash flow was −$5.3M. Non-cash charges added back $240K of depreciation and amortization. Working capital and other items used $3.5M. Capital expenditures of $142K exceeded it, leaving free cash flow of −$5.4M.
Questions
What was Fly-E Group's revenue in the first quarter fiscal 2026?
Fly-E Group (FLYE) reported revenue of $5.3M for the first quarter fiscal 2026 (Q1 FY26), -32% from a year earlier and +5% from the quarter before.
Was Fly-E Group profitable in the first quarter fiscal 2026?
Operating loss was $1.5M (-28.2% of revenue) and net loss $2.0M.
Source: Fly-E Group 10-Q on SEC EDGAR.