Fly-E Group, Inc. Common Stock (FLYE) Stock Analysis & Winston Score

Fly-E Group is a small company that sells electric bikes, electric scooters, and related accessories. Its main customers are everyday consumers and delivery workers in urban areas who want affordable, eco-friendly transportation. The company operates retail stores and sells products under its own brand, primarily targeting city dwellers in the northeastern United States.

Fly-E makes money by selling electric vehicles and parts directly to customers through its physical stores and online channels. The company is small, with a market cap under $100 million, and most of its operations are concentrated in the New York City metro area. Its gross margin is reasonable at around 36%, but the company is currently losing money at the operating level, meaning it spends far more than it earns after costs — the biggest risk is whether it can grow sales fast enough to cover its expenses and reach profitability before running low on cash.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-38.2% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-577.1% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

68.4%ownership

Insiders own a meaningful stake in the company

Cash Runway

~4 months

$840,102 cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Fly-E Group, Inc. Common Stock has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

0.0% over 3y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 246K (2022) → 246K (2025)

Score breakdown

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Quality

Gross Margin

37.3%

Modest — 37.3% gross margin

Operating Margin

-46.4%

Losing money on operations — -46.4%

ROCE

-13.6%

Weak — -13.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

-40.7%

Shrinking sales (-40.7% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

-87.9%

Burning cash (-87.9%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.75

Moderate — manageable debt (0.75)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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