Fly-E (FLYE)
Market Price (7/26/2026): $1.76 | Market Cap: $2.9 MilSector: Consumer Discretionary | Industry: Automobile Manufacturers
Fly-E (FLYE)
Market Price (7/26/2026): $1.76Market Cap: $2.9 MilSector: Consumer DiscretionaryIndustry: Automobile Manufacturers
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Advanced Aviation & Space. Themes include Advanced Air Mobility, and Drone Technology. | Weak multi-year price returns2Y Excs Rtn is -134%, 3Y Excs Rtn is -162% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -6.4 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -34% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 351% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -25%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.6% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -73%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -83% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -314% High stock price volatilityVol 12M is 1365% Key risksFLYE key risks include [1] mounting legal liabilities and regulatory scrutiny from its product safety failures, Show more. |
| Megatrend and thematic driversMegatrends include Advanced Aviation & Space. Themes include Advanced Air Mobility, and Drone Technology. |
| Weak multi-year price returns2Y Excs Rtn is -134%, 3Y Excs Rtn is -162% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -6.4 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -34% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 351% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -25%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.6% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -73%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -83% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -314% |
| High stock price volatilityVol 12M is 1365% |
| Key risksFLYE key risks include [1] mounting legal liabilities and regulatory scrutiny from its product safety failures, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Fly-E (FLYE) stock has lost about 10% since 3/31/2026 because of the following key factors:
1. Significant Deterioration in Fiscal Year 2026 Financial Performance. Fly-E (FLYE) reported a 25.0% decrease in net revenues to $19.1 million for fiscal year 2026, which ended on March 31, 2026, compared to $25.4 million in fiscal year 2025. Retail sales revenue saw a substantial decline of 68.1% to $6.9 million in fiscal year 2026. Concurrently, the gross margin compressed significantly to 24.4% from 41.1% in the prior fiscal year, and the company's net loss widened to $9.3 million from $5.3 million in fiscal year 2025.
2. Substantial Doubt Regarding Going Concern. Fly-E's management expressed significant doubt about the company's ability to continue as a going concern. This assessment was based on a net loss of $9.3 million, cash reserves of $0.3 million, and operating cash outflows of approximately $13.8 million for the fiscal year ended March 31, 2026.
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Fly-E (FLYE) stock has lost about 10% since 3/31/2026 because of the following key factors:
1. Significant Deterioration in Fiscal Year 2026 Financial Performance. Fly-E (FLYE) reported a 25.0% decrease in net revenues to $19.1 million for fiscal year 2026, which ended on March 31, 2026, compared to $25.4 million in fiscal year 2025. Retail sales revenue saw a substantial decline of 68.1% to $6.9 million in fiscal year 2026. Concurrently, the gross margin compressed significantly to 24.4% from 41.1% in the prior fiscal year, and the company's net loss widened to $9.3 million from $5.3 million in fiscal year 2025.
2. Substantial Doubt Regarding Going Concern. Fly-E's management expressed significant doubt about the company's ability to continue as a going concern. This assessment was based on a net loss of $9.3 million, cash reserves of $0.3 million, and operating cash outflows of approximately $13.8 million for the fiscal year ended March 31, 2026.
3. Nasdaq Non-Compliance Notifications. Fly-E received multiple notices of non-compliance from Nasdaq within the period, including a delinquency notice on July 21, 2026, for the late filing of its Form 10-K for the fiscal year ended March 31, 2026. This followed earlier notifications on February 27, 2026, for a delayed Form 10-Q (fiscal Q3 2026 ended December 31, 2025) and on April 17, 2026, for failing to hold an annual meeting of shareholders. While the delayed 10-K was filed on July 23, 2026, these compliance issues raised concerns about corporate governance and potential delisting.
4. Softened Consumer Demand Due to Industry-Wide Safety Concerns. Retail sales were significantly impacted by softened consumer demand for E-Bikes and E-Scooters, particularly in the New York market. This downturn was primarily attributable to industry-wide lithium-ion battery safety concerns, prompting shifts in consumer preferences and contributing to the need for promotional pricing to clear aged inventory during fiscal year 2026.
5. Negative Analyst Sentiment. Wall Street analysts maintained a "Sell" consensus rating for Fly-E as of July 23, 2026, with the single analyst providing a sell rating. Additionally, an AI-powered analysis as of July 22, 2026, assigned Fly-E a "Strong Sell" rating (1/10 AI Score), citing strong industry headwinds, weak fundamentals, high volatility, and poor recent performance.
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Stock Movement Drivers
Fundamental Drivers
The -12.4% change in FLYE stock from 3/31/2026 to 7/25/2026 was primarily driven by a -50.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 3312026 | 7252026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.10 | 1.84 | -12.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 20 | 19 | -4.5% |
| P/S Multiple | 0.1 | 0.2 | 83.4% |
| Shares Outstanding (Mil) | 1 | 2 | -50.0% |
| Cumulative Contribution | -12.4% |
Market Drivers
3/31/2026 to 7/25/2026| Return | Correlation | |
|---|---|---|
| FLYE | -12.4% | |
| Market (SPY) | 13.6% | 27.0% |
| Sector (XLY) | 0.4% | 29.2% |
Fundamental Drivers
The -72.3% change in FLYE stock from 12/31/2025 to 7/25/2026 was primarily driven by a -50.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 12312025 | 7252026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.64 | 1.84 | -72.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 20 | 19 | -4.5% |
| P/S Multiple | 0.3 | 0.2 | -42.0% |
| Shares Outstanding (Mil) | 1 | 2 | -50.0% |
| Cumulative Contribution | -72.3% |
Market Drivers
12/31/2025 to 7/25/2026| Return | Correlation | |
|---|---|---|
| FLYE | -72.3% | |
| Market (SPY) | 8.7% | 19.4% |
| Sector (XLY) | -8.2% | 23.9% |
Fundamental Drivers
The -98.0% change in FLYE stock from 6/30/2025 to 7/25/2026 was primarily driven by a -84.9% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 6302025 | 7252026 | Change |
|---|---|---|---|
| Stock Price ($) | 90.95 | 1.84 | -98.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 29 | 19 | -33.2% |
| P/S Multiple | 0.8 | 0.2 | -80.0% |
| Shares Outstanding (Mil) | 0 | 2 | -84.9% |
| Cumulative Contribution | -98.0% |
Market Drivers
6/30/2025 to 7/25/2026| Return | Correlation | |
|---|---|---|
| FLYE | -98.0% | |
| Market (SPY) | 20.6% | -9.1% |
| Sector (XLY) | 1.3% | -8.0% |
Fundamental Drivers
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Market Drivers
6/30/2023 to 7/25/2026| Return | Correlation | |
|---|---|---|
| FLYE | ||
| Market (SPY) | 72.6% | -2.4% |
| Sector (XLY) | 31.8% | -3.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FLYE Return | - | - | - | -82% | -92% | -75% | -100% |
| Peers Return | -73% | -64% | 6% | -57% | -59% | -43% | -99% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| FLYE Win Rate | - | - | - | 43% | 42% | 43% | |
| Peers Win Rate | 29% | 25% | 47% | 34% | 33% | 32% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| FLYE Max Drawdown | - | - | - | - | -100% | -80% | |
| Peers Max Drawdown | -85% | -80% | -71% | -77% | -84% | -79% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LVWR, WKHS, CENN, XOS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/24/2026 (YTD)
How Low Can It Go
| Event | FLYE | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -26.3% | -18.8% |
| % Gain to Breakeven | 35.7% | 23.1% |
| Time to Breakeven | 2 days | 79 days |
In The Past
Fly-E's stock fell -26.3% during the 2025 US Tariff Shock. Such a loss loss requires a 35.7% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | FLYE | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -26.3% | -18.8% |
| % Gain to Breakeven | 35.7% | 23.1% |
| Time to Breakeven | 2 days | 79 days |
In The Past
Fly-E's stock fell -26.3% during the 2025 US Tariff Shock. Such a loss loss requires a 35.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Fly-E (FLYE)
Fly-E (FLYE) is an electric vehicle (EV) company operating under the brand "Fly E-Bike." Established in 2018, the company is primarily engaged in designing, installing, and selling smart E-motorcycles, E-bikes, E-scooters, and related accessories. Its commitment is to encourage eco-friendly transportation for active lifestyles and urban travel, offering a diversified product portfolio that includes 21 E-motorcycle, 21 E-bike, and 34 E-scooter products, which are continuously refreshed to align with market trends.
The company has experienced rapid growth, becoming a leading provider of E-bikes for food delivery workers in New York City. Beyond this key segment, Fly-E caters to a broader market of customers seeking sustainable urban mobility solutions. As of May 2024, Fly-E operates 39 retail stores, with 38 located across the United States and one in Canada, in addition to its online store, flyebike.com. The company has strategic plans for further expansion within the United States, as well as into South America and Europe.
Fly-E sources a significant portion of its vehicle components from China and the United States, assembling them in a leased facility in Brooklyn, New York. Production has seen substantial increases, with E-motorcycle output quadrupling in the last year, alongside significant growth in E-bike and E-scooter production, prompting plans for a larger assembly facility. In addition, Fly-E is actively developing the "Fly E-Bike app" to provide users with a comprehensive intelligent management service for their EVs, aiming to enhance the overall riding experience.
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Here are 1-3 brief analogies for Fly-E:
- Fly-E is like a "Tesla for urban electric bikes and scooters," focusing on designing, selling directly through their own stores and online, and integrating an app for personal electric mobility.
- Think of Fly-E as the "Apple Store of electric urban transportation," with a network of retail locations and an online presence selling their branded electric bikes, scooters, and light motorcycles.
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- Smart Electric Motorcycles (E-motorcycles): Electric two-wheeled vehicles designed for various urban travel scenarios.
- Electric Bikes (E-bikes): Bicycles equipped with an electric motor to assist with pedaling, widely used by food delivery workers.
- Electric Scooters (E-scooters): Compact electric vehicles designed for personal transportation.
- Related Accessories: Complementary items sold for their E-motorcycles, E-bikes, and E-scooters.
- Fly E-Bike App: A management service mobile software for their EVs, currently under development, aiming to provide a comprehensive intelligent user experience.
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Fly-E (FLYE) primarily sells its products directly to individuals through its retail stores and online platform.
Its major customer categories include:
- Food Delivery Workers: Fly-E explicitly states it is "one of the leading providers of E-bikes for food delivery workers in New York City." This segment represents a significant portion of their customer base, relying on Fly-E products for their professional needs.
- General Urban Commuters and Individuals seeking eco-friendly transportation: Through its network of 39 retail stores and its online store, Fly-E caters to a broad base of individuals looking for electric E-motorcycles, E-bikes, and E-scooters for personal urban travel, commuting, and recreational use, aligning with the company's commitment to promoting eco-friendly transportation.
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Zhou Ou, Chief Executive Officer
Zhou Ou, also known as Andy Ou, is the Founder of Fly-E Group, Inc., which he established in 2018. He previously served as Chairman of the Board until February 2, 2026, and as Interim Chief Financial Officer from August 26, 2025, until September 17, 2025. Mr. Ou was driven by the significant demand for electric two-wheelers in New York City, leading to the early establishment of Fly-E Group. He holds a 35% ownership stake in the company.
Lisa Fan, Chief Financial Officer
Lisa Fan was appointed Chief Financial Officer and Executive Director on September 17, 2025. Prior to joining Fly-E Group, she worked as a financial consultant at Baizan Consulting Firm from May 2022 to May 2025, where her focus was on financial structuring and IPO readiness for private enterprises. From July 2019 to April 2022, Ms. Fan was the Director of Internal Audit at Souche Group, managing financial system reconstruction and internal control compliance. She holds a bachelor's degree from Zhejiang Institute of Finance and Economics and is a certified public accountant in China.
Leqi Dong, Independent Director
Leqi Dong was appointed as an independent director on September 17, 2025. He has served as a real estate bridge loan originator and fund manager at Golden Harbor Capital LLC since September 2018. Mr. Dong holds a bachelor's degree from Baruch College, Zicklin School of Business.
Dongperez Hua, Independent Director
Dongperez Hua was appointed as an independent director on October 31, 2025. His prior experience includes managing electric vehicles at Joyor Vehicles Co. and serving as a product director at Spinnr Tech Ltd.
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Key Risks to Business
- Concentration of business in the New York City food delivery market. Fly-E has established itself as one of the leading providers of E-bikes for food delivery workers in New York City. This strong reliance on a specific market segment and geographic location exposes the company to significant risks if there are adverse changes in regulations affecting food delivery workers, increased competition within this niche, or a shift in the preferences or economic conditions of this customer base.
- Dependence on component sourcing from China. The company sources a significant portion of its vehicle components from China. This reliance on a single major country for components makes Fly-E vulnerable to geopolitical tensions, trade tariffs, supply chain disruptions, and fluctuations in manufacturing costs or availability in China.
- Intense and evolving competition in the electric vehicle market. Fly-E operates in the rapidly growing and highly competitive electric vehicle market, encompassing E-motorcycles, E-bikes, and E-scooters. The company's commitment to "refresh our product offerings continuously to align with evolving market trends" indicates the ongoing pressure from competitors and the need for constant innovation. Failure to keep pace with technological advancements, competitive pricing, or new market entrants could negatively impact its market share and profitability.
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The addressable markets for Fly-E's main products, which include electric motorcycles, electric bikes (e-bikes), and electric scooters (e-scooters), span across global, North American, and U.S. regional markets.
Electric Motorcycles
- Globally, the electric motorcycle market was estimated at USD 11.7 billion in 2024 and is projected to reach USD 16.9 billion by 2035, growing at a Compound Annual Growth Rate (CAGR) of 3.4% from 2025 to 2035. Another estimate valued the global market at USD 26.53 billion in 2025, with a projection to reach USD 126.47 billion by 2034 at a CAGR of 18.89% from 2026 to 2034.
- In North America, the electric motorcycle market was valued at USD 4,210.76 million in 2025 and is projected to reach USD 19,846.02 million by 2034, demonstrating a CAGR of 18.74% during the period of 2026–2034.
Electric Bikes (E-bikes)
- The global electric e-bike market size was valued at USD 57.50 billion in 2025 and is projected to grow to USD 193.23 billion by 2034, exhibiting a CAGR of 14.40% during the forecast period.
- For North America, the electric bike market was valued at USD 3.60 billion in 2024 and is expected to reach USD 8.29 billion by 2032, with a CAGR of 11.00% during the forecast period. Another report estimates the North America e-bike market size at USD 4.11 billion in 2025, expected to reach USD 7.54 billion by 2029, with a CAGR of 16.41% from 2025 to 2029.
- Specifically in the U.S., the e-bike market size was valued at USD 3.78 billion in 2025 and is projected to reach USD 5.78 billion by 2031, growing at a CAGR of 7.32% during the forecast period.
Electric Scooters (E-scooters)
- Globally, the electric scooters market size was valued at USD 28.36 billion in 2024 and is anticipated to grow at a CAGR of 11.2% to reach USD 81.48 billion by 2034. Another source reported the global market size at USD 48.90 billion in 2025, projected to increase to approximately USD 364.24 billion by 2035, at a CAGR of 22.24% from 2026 to 2035.
- In North America, the electric scooter market was valued at USD 950 million in 2024 and is projected to grow from USD 1,132.4 million in 2025 to USD 4,615.41 million by 2033, at a CAGR of 19.2% during the forecast period. The market in North America is also projected to reach USD 13.07 billion by 2030, with a CAGR of 25.6% from 2023–2030.
- For the U.S., the e-scooter market is valued at USD 1.8 billion. Furthermore, the U.S. electric scooter market size is estimated to reach USD 1.6 billion by 2031, growing at a CAGR of 7.9% during the forecast period 2025-2031.
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Here are 3-5 expected drivers of future revenue growth for Fly-E (FLYE) over the next 2-3 years:
- Geographic Market Expansion: Fly-E plans to expand its presence within the United States and extend its business into new international markets, specifically South America and Europe in the future. This expansion into new regions is expected to significantly broaden its customer base and sales opportunities.
- Increased Production Capacity: In response to increasing demand for its products, Fly-E is actively seeking to lease a larger assembling facility. This move to enhance production capacity will enable the company to produce and sell a greater volume of E-motorcycles, E-bikes, and E-scooters, directly supporting higher revenue generation.
- Continuous Product Portfolio Refresh: The company aims to continuously refresh its product offerings to align with evolving market trends. By regularly introducing new and updated E-motorcycles, E-bikes, and E-scooters, Fly-E expects to maintain customer interest, attract new buyers, and drive repeat purchases, thereby contributing to sustained revenue growth.
- Expansion of Retail Footprint: As of May 3, 2024, Fly-E had 39 retail stores and plans to expand its presence further in the United States. Growing the number of physical retail locations increases the company's accessibility to customers and provides more points of sale, leading to a larger customer base and increased sales volume.
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Share Issuance
- Fly-E Group, Inc. completed an initial public offering (IPO) on June 7, 2024, issuing 2,250,000 shares of common stock at $4.00 per share, resulting in gross proceeds of $9.0 million.
- In June 2025, the company conducted a public offering of 28,595,553 shares of common stock and 57,191,106 warrants at $0.2428 per unit, expecting approximately $6.94 million in gross proceeds.
- To address Nasdaq listing requirements, Fly-E implemented a 1-for-5 reverse stock split in July 2025 and a 1-for-20 reverse stock split in November 2025, following a 1-for-110,000 stock split in April 2024.
Capital Expenditures
- For the second quarter of fiscal year 2026, Fly-E Group Inc. invested -$97,000 in capital expenditures.
- Over the last 12 months, capital expenditures totaled approximately -$102,899.
- The net proceeds from the June 2024 IPO were intended to fund the purchase of inventory, vehicle production costs, expansion of retail stores, and technology, research, and development initiatives. The company also plans to lease a larger assembly facility.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Fly-E Stock 5-Day Winning Spree: Stock Climbs 308% | 12/02/2025 | |
| Can Fly-E Stock Hold Up When Markets Turn? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 2.02 |
| Mkt Cap | 0.0 |
| Rev LTM | 25 |
| Op Inc LTM | -30 |
| FCF LTM | -16 |
| FCF 3Y Avg | -29 |
| CFO LTM | -14 |
| CFO 3Y Avg | -26 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.5% |
| Rev Chg 3Y Avg | 17.7% |
| Rev Chg Q | 86.5% |
| QoQ Delta Rev Chg LTM | 11.6% |
| Op Inc Chg LTM | -1.4% |
| Op Inc Chg 3Y Avg | 5.4% |
| Op Mgn LTM | -177.0% |
| Op Mgn 3Y Avg | -236.3% |
| QoQ Delta Op Mgn LTM | 4.3% |
| CFO/Rev LTM | -72.7% |
| CFO/Rev 3Y Avg | -218.2% |
| FCF/Rev LTM | -83.0% |
| FCF/Rev 3Y Avg | -244.8% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Product revenues - retail Accounting Standards Codification (ASC 606) | 22 | 26 | ||
| Product revenues - wholesale Accounting Standards Codification (ASC 606) | 4 | 6 | ||
| Revenues - rental services Accounting Standards Codification (ASC 842) | 0 | 0 | ||
| Retail | 19 | 13 | ||
| Wholesale | 3 | 4 | ||
| Total | 25 | 32 | 22 | 17 |
Price Behavior
| Market Price | $1.84 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 06/06/2024 | |
| Distance from 52W High | -98.8% | |
| 50 Days | 200 Days | |
| DMA Price | $1.98 | $4.25 |
| DMA Trend | down | indeterminate |
| Distance from DMA | -7.0% | -56.7% |
| 3M | 1YR | |
| Volatility | 85.5% | 1,370.8% |
| Downside Capture | 275.19 | 59.00 |
| Upside Capture | 193.12 | -430.30 |
| Correlation (SPY) | 23.7% | -8.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.19 | 1.15 | 1.64 | 1.23 | -10.39 | 1.70 |
| Up Beta | 6.15 | 2.31 | 2.85 | 1.91 | 3.77 | 0.30 |
| Down Beta | 1.31 | 0.05 | -0.08 | 0.92 | -21.97 | -4.91 |
| Up Capture | 10% | 133% | 115% | -6% | -73% | -7% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 12 | 19 | 28 | 51 | 113 | 227 |
| Down Capture | -44% | 113% | 178% | 186% | -33% | 98% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 9 | 21 | 33 | 72 | 136 | 283 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FLYE | |
|---|---|---|---|---|
| FLYE | -98.3% | 1,365.3% | 0.88 | - |
| Sector ETF (XLY) | -2.9% | 19.3% | -0.27 | -7.9% |
| Equity (SPY) | 17.6% | 12.7% | 1.00 | -9.1% |
| Gold (GLD) | 19.2% | 28.1% | 0.61 | -5.2% |
| Commodities (DBC) | 34.7% | 19.1% | 1.42 | -3.8% |
| Real Estate (VNQ) | 13.8% | 14.1% | 0.69 | -0.7% |
| Bitcoin (BTCUSD) | -46.2% | 42.9% | -1.32 | -11.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FLYE | |
|---|---|---|---|---|
| FLYE | -67.1% | 944.9% | 0.61 | - |
| Sector ETF (XLY) | 5.0% | 24.0% | 0.17 | -3.1% |
| Equity (SPY) | 12.8% | 17.1% | 0.58 | -2.4% |
| Gold (GLD) | 17.0% | 18.4% | 0.75 | -4.2% |
| Commodities (DBC) | 9.6% | 19.5% | 0.38 | -1.4% |
| Real Estate (VNQ) | 3.0% | 18.9% | 0.06 | 0.9% |
| Bitcoin (BTCUSD) | 15.3% | 53.4% | 0.47 | -6.9% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FLYE | |
|---|---|---|---|---|
| FLYE | -42.7% | 944.9% | 0.61 | - |
| Sector ETF (XLY) | 11.5% | 22.1% | 0.48 | -3.1% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | -2.4% |
| Gold (GLD) | 11.3% | 16.1% | 0.57 | -4.2% |
| Commodities (DBC) | 7.2% | 17.9% | 0.32 | -1.4% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 0.9% |
| Bitcoin (BTCUSD) | 58.1% | 66.2% | 0.98 | -6.9% |
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Returns Analyses
Earnings Returns History
Updated 7/23/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/16/2025 | 25.9% | 12.2% | 66.2% |
| 2/20/2025 | -4.8% | -7.0% | -2.4% |
| 11/20/2024 | -6.3% | -16.0% | -20.0% |
| 8/19/2024 | -17.9% | -24.3% | -40.0% |
| 7/1/2024 | 6.6% | 11.3% | -82.3% |
| SUMMARY STATS | |||
| # Positive | 2 | 2 | 1 |
| # Negative | 3 | 3 | 4 |
| Median Positive | 16.2% | 11.7% | 66.2% |
| Median Negative | -6.3% | -16.0% | -30.0% |
| Max Positive | 25.9% | 12.2% | 66.2% |
| Max Negative | -17.9% | -24.3% | -82.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/16/2025 | 25.9% | 12.2% | 66.2% |
| 2/20/2025 | -4.8% | -7.0% | -2.4% |
| 11/20/2024 | -6.3% | -16.0% | -20.0% |
| 8/19/2024 | -17.9% | -24.3% | -40.0% |
| 7/1/2024 | 6.6% | 11.3% | -82.3% |
| SUMMARY STATS | |||
| # Positive | 2 | 2 | 1 |
| # Negative | 3 | 3 | 4 |
| Median Positive | 16.2% | 11.7% | 66.2% |
| Median Negative | -6.3% | -16.0% | -30.0% |
| Max Positive | 25.9% | 12.2% | 66.2% |
| Max Negative | -17.9% | -24.3% | -82.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 07/23/2026 | 10-K |
| 12/31/2025 | 04/21/2026 | 10-Q |
| 09/30/2025 | 12/18/2025 | 10-Q |
| 06/30/2025 | 08/19/2025 | 10-Q |
| 03/31/2025 | 07/15/2025 | 10-K |
| 12/31/2024 | 02/19/2025 | 10-Q |
| 09/30/2024 | 11/19/2024 | 10-Q |
| 06/30/2024 | 08/16/2024 | 10-Q |
| 03/31/2024 | 06/28/2024 | 10-K |
| 12/31/2023 | 06/05/2024 | 424B4 |
| 09/30/2023 | 02/02/2024 | S-1 |
| 06/30/2023 | 11/13/2023 | DRS/A |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 07/23/2026 | 10-K |
| 12/31/2025 | 04/21/2026 | 10-Q |
| 09/30/2025 | 12/18/2025 | 10-Q |
| 06/30/2025 | 08/19/2025 | 10-Q |
| 03/31/2025 | 07/15/2025 | 10-K |
| 12/31/2024 | 02/19/2025 | 10-Q |
| 09/30/2024 | 11/19/2024 | 10-Q |
| 06/30/2024 | 08/16/2024 | 10-Q |
| 03/31/2024 | 06/28/2024 | 10-K |
| 12/31/2023 | 06/05/2024 | 424B4 |
| 09/30/2023 | 02/02/2024 | S-1 |
| 06/30/2023 | 11/13/2023 | DRS/A |
Fly-E — Investor Video Playlist
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Automobile Manufacturers Resources |
| MotorTrend |
| Car and Driver |
| The Drive |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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