Fly-E Group Files Q2 2025 10-Q
Ticker: FLYE · Form: 10-Q · Filed: Aug 19, 2025 · CIK: 1975940
Sentiment: neutral
Topics: 10-Q, quarterly-report, automotive
TL;DR
Fly-E Group filed its Q2 2025 10-Q on Aug 19. Check financials.
AI Summary
Fly-E Group, Inc. filed its 10-Q for the quarterly period ended June 30, 2025. The company, incorporated in Delaware with its principal executive offices in Flushing, New York, operates in the motor vehicles and passenger car bodies industry. The filing was made on August 19, 2025, under SEC file number 001-42122.
Why It Matters
This 10-Q filing provides investors with an update on Fly-E Group's financial performance and operational status for the second quarter of 2025.
Risk Assessment
Risk Level: low — This is a standard quarterly filing and does not inherently indicate new risks.
Key Numbers
- 001-42122 — SEC File Number (Identifies the company's filings with the SEC.)
- June 30, 2025 — Quarter End Date (Marks the end of the reporting period for this 10-Q.)
- August 19, 2025 — Filing Date (The date the report was officially submitted to the SEC.)
Key Players & Entities
- Fly-E Group, Inc. (company) — Registrant
- June 30, 2025 (date) — Quarterly period end date
- August 19, 2025 (date) — Filing date
- 001-42122 (dollar_amount) — SEC file number
- Delaware (company) — State of incorporation
- New York (company) — State of principal executive offices
FAQ
What is the primary business of Fly-E Group, Inc.?
Fly-E Group, Inc. is primarily involved in the manufacturing of motor vehicles and passenger car bodies, as indicated by its SIC code 3711.
In which state is Fly-E Group, Inc. incorporated?
Fly-E Group, Inc. is incorporated in Delaware.
What is the address of Fly-E Group's principal executive offices?
The principal executive offices of Fly-E Group, Inc. are located at 136-40 39th Avenue, Flushing, New York, 11354.
What form is this SEC filing?
This SEC filing is a Form 10-Q, which is a quarterly report.
What is the SEC file number for Fly-E Group, Inc.?
The SEC file number for Fly-E Group, Inc. is 001-42122.
Filing Stats: 4,572 words · 18 min read · ~15 pages · Grade level 13.1 · Accepted 2025-08-19 17:14:11
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share FLYE The Nasdaq Sto
Filing Documents
- ea0252524-10q_flyegroup.htm (10-Q) — 954KB
- ea025252401ex31-1_flyegroup.htm (EX-31.1) — 12KB
- ea025252401ex31-2_flyegroup.htm (EX-31.2) — 12KB
- ea025252401ex32-1_flyegroup.htm (EX-32.1) — 5KB
- ea025252401ex32-2_flyegroup.htm (EX-32.2) — 5KB
- 0001213900-25-078571.txt ( ) — 7637KB
- flye-20250630.xsd (EX-101.SCH) — 76KB
- flye-20250630_cal.xml (EX-101.CAL) — 63KB
- flye-20250630_def.xml (EX-101.DEF) — 382KB
- flye-20250630_lab.xml (EX-101.LAB) — 660KB
- flye-20250630_pre.xml (EX-101.PRE) — 401KB
- ea0252524-10q_flyegroup_htm.xml (XML) — 977KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 33 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 44 Item 4.
Controls and Procedures
Controls and Procedures 44 PART II OTHER INFORMATION 45 Item 1.
Legal Proceedings
Legal Proceedings 45 Item 1A.
Risk Factors
Risk Factors 45 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 45 Item 3. Defaults Upon Senior Securities 4 5 Item 4. Mine Safety Disclosures 45 Item 5. Other Information 4 5 Item 6. Exhibits 45
Signatures
Signatures 46 i CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (the "Report") contains "forward-looking statements" within the meaning of Section 27A of the Securities Act, as amended (the "Securities Act"), Section 21E of the Exchange Act, as amended (the "Exchange Act"), and the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be preceded by, or contain, words such as "may," "will," "expect," "anticipate," "intend," "plan," "believe," "estimate," "predict," "potential," "might," "could," "would," "should" or other words indicating future results, though not all forward-looking statements necessarily contain these identifying words. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including, without limitation, statements about our future business operations and results, our strategy and competition. These statements represent our current expectations or beliefs concerning various future events and involve numerous risks and uncertainties that could cause actual results to differ materially from expectations, including, but not limited to: our ability to obtain additional funding to market our vehicles and develop new products; our ability to produce our vehicles with sufficient volume and quality to satisfy customers; the inability of our principal vendors to deliver the necessary components for our vehicles at prices and volumes acceptable to us; our principal vendors failing to perform quality control on our products; the inability to obtain sufficient intellectual property protection for our brand and technologies; our vehicles failing to perform as expected; our facing product warranty claims or product recalls; our facing adverse determinations in significant product liability claims; customers not adopting electric vehicles; the development of alternative technology that adversely affects our
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements FLY-E GROUP, INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Expressed in U.S. dollars, except for the number of shares) June 30, 2025 March 31, 2025 ASSETS Current Assets Cash $ 2,334,288 $ 840,102 Accounts receivable, net 1,071,622 466,187 Accounts receivable, net – a related party 37,465 37,465 Inventories, net 5,943,790 6,397,274 Prepayments and other receivables 6,250,792 3,676,986 Prepayments and other receivables – related parties 222,288 120,000 Assets held for sale 897,293 2,462,502 Total Current Assets 16,757,538 14,000,516 Property and equipment, net 7,126,245 7,287,213 Security deposits 638,115 728,450 Deferred tax assets, net 153,087 94,983 Operating lease right-of-use assets 8,584,684 10,933,068 Intangible assets, net 498,550 525,865 Long-term prepayment for software development – a related party — 136,580 Total Assets $ 33,758,219 $ 33,706,675 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts payable $ 419,128 $ 1,272,305 Short-term loan payables 6,317,712 5,191,058 Current portion of long-term loan payables 262,069 100,835 Accrued expenses and other payables 977,120 1,366,968 Operating lease liabilities – current 2,106,614 2,617,762 Liabilities held for sale 662,446 2,152,447 Total Current Liabilities 10,745,089 12,701,375 Long-term loan payables 2,092,257 2,065,040 Operating lease liabilities – non-current 7,217,325 9,106,928 Total Liabilities 20,054,671 23,873,343 Commitment and Contingencies Stockholders' Equity Preferred stock, $ 0.01 par value, 10,000,000 shares authorized and nil outstanding as of June 30, 2025 and March 31, 2025* — — Common stock, $ 0.01 par value, 300,000,000 shares authorized and 10,636,611 shares outstanding as of June 30, 2025 and 300,000,000 shares authorized and 4,917,500 shares outstanding as of March 31, 2025* 106,366 49,175 Additional paid