Fly-E Group Inc 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2025 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______to _______ Commission file number 001-42122 FLY-E GROUP, INC.(Exact name of registrant as specified in its charter) Delaware92-0981080(State or other jurisdiction of(I.R.S. Employer Registrant’s telephone number, including area code: (929) 410-2770 Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on whichregistered The Nasdaq Stock Market LLC Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reporting company☒Emerging growth company☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act) Yes☐No☒ As of April 21, 2026, there were 1,632,386 shares of the registrant’s common stock, par value $0.01 per share, issued andoutstanding. INDEX PageNumberCautionary Statement Regarding Forward Looking StatementsiiPART IFINANCIAL INFORMATION1Item 1.Unaudited Condensed Consolidated Financial Statements1Unaudited Condensed Consolidated Balance Sheets as of December 31, 2025 and March 31, 20251Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss for the Three andNine Months Ended December 31, 2025 and 20242Unaudited Condensed Consolidated Statement of Changes in Stockholders’ Equity for the Three and NineMonths Ended December 31, 2025 and 20243Unaudited Condensed Consolidated Statements of Cash Flows for the Nine Months Ended December 31,2025 and 20245Notes to Unaudited Condensed Consolidated Financial Statements6Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations33Item 3.Quantitative and Qualitative Disclosures About Market Risk49Item 4.Controls and Procedures49PART IIOTHER INFORMATION50Item 1.Legal Proceedings50Item 1A.Risk Factors51Item 2.Unregistered Sales of Equity Securities and Use of Proceeds52Item 3.Defaults Upon Senior Securities52Item 4.Mine Safety Disclosures52Item 5.Other Information52Item 6.Exhibits52Signatures53 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 theSecurities Act, as amended (the “Securities Act”), Section 21E of the Exchange Act, as amended (the “Exchange Act”), and the PrivateSecurities 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 otherwords indicating future results, though not all forward-looking statements necessarily contain these identifying words. All statementsother 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 currentexpectations or beliefs concerning various future events and involve numerous risks and uncertainties that could cause actual results todiffer 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 tous;●our principal vendors failing to