Filing Flows › Fly-E Group (FLYE) › Q1 FY27
Fly-E Group (FLYE) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Sep 1, 2026
Fly-E Group (FLYE) reported revenue of $2.7M for the first quarter fiscal 2027 (Q1 FY27), -48% from a year earlier and -62% from the quarter before. Operating margin was -128.7%, net loss $3.9M (143.3% of revenue).
Fly-E Group, Q1 FY27: revenue $2.7M (-48% year over year), operating margin -128.7%, net loss $3.9M, operating cash flow −$190K. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7M | -62% | -48% |
| Operating profit | −$3.5M | — | — |
| Net earnings | −$3.9M | — | — |
| Operating cash flow | −$190K | -257% | — |
What changed
Revenue was $2.7M in Q1 FY27, down 48% year over year and down 62% from the previous quarter. Product revenues - wholesale (ASC 606) was the largest line at 76% of revenue. Product revenues - retail (ASC 606) lost $3.2M year over year (down 84%), 123% of the total change.
Gross margin was 10.9%, down 31.5 points from Q1 FY26. Operating costs exceeded revenue by $3.5M, an operating margin of -128.7%. Operating expenses grew 2% against a revenue fall of 48%. The quarter ended with a net loss of $3.9M, wider than the previous quarter's $3.5M loss.
Operating cash flow was −$190K. Non-cash charges added back $187K of depreciation and amortization. Working capital and other items added $3.6M. Capital expenditures of $2K exceeded it, leaving free cash flow of −$192K.
Questions
What was Fly-E Group's revenue in the first quarter fiscal 2027?
Fly-E Group (FLYE) reported revenue of $2.7M for the first quarter fiscal 2027 (Q1 FY27), -48% from a year earlier and -62% from the quarter before.
Was Fly-E Group profitable in the first quarter fiscal 2027?
Operating loss was $3.5M (-128.7% of revenue) and net loss $3.9M.
Source: Fly-E Group 10-Q on SEC EDGAR.