Fly-E Group Reports Q1 FY26 Revenue Down 32.3% to $5.3mln, Net Loss of $2.0mln

Fly-E Group's Q1 FY26 financial results show net revenues of $5.3 million, down 32.3% YoY, with a gross profit of $2.3 million and gross margin of 42.4%. Net loss increased to $2.0 million, with basic and diluted losses per share at $0.30. Wholesale revenue grew 42.3% YoY, driven by the expansion of the dealer network, while gross margin improved to 42.4%, supported by the rental services business.