Fly-E FY26 net loss widens 75% to $9.26 million; net revenues fall 25% to $19.06 million

• 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%.
• The company disclosed an SEC investigation opened Jan. 21, 2026, and said it ended UL trademark litigation after paying $1 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fly-E Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-080973), on July 23, 2026, and is solely responsible for the information contained therein.