FlyE Group Inc Common (FLYE) Q2 2025 Earnings Report

FlyE Group’s QQ2 2025 results reflect a continuation of top-line softness and ongoing profitability headwinds, set against a still-healthy gross margin and a stretched balance sheet. Revenue declined to $6.82 million in QQ2 2025, down 22.1% year over year and 13.3% quarter over quarter from Q1 2025’s $7.87 million, signaling demand softness in the near term for FlyE’s smart lightweight mobility products. Despite a gross margin near 42.6%, operating profitability deteriorated meaningfully, with an operating loss of $1.23 million and a net loss of $1.14 million, translating to an EPS of -$0.0465 for the quarter. Free cash flow remained deeply negative at -$6.52 million, driven by negative operating cash flow of -$4.89 million and a material working-capital outflow of -$4.47 million, alongside capital expenditures of $1.63 million. The company ended the quarter with a cash balance of approximately $1.27 million and a total debt burden of $23.43 million, yielding a net debt position of about $22.16 million. Leverage remains elevated (debt-to-equity ~1.69; debt ratio ~0.61), and liquidity metrics show a current ratio of ~1.21, quick ratio ~0.42, and cash ratio ~0.12, underscoring near-term liquidity risk if cash burn persists. From a strategic perspective, FlyE’s product portfolio and verticals (smart e-mopeds, e-bikes, scooters, and accessories) position the company to benefit from secular trends toward electrified micro-mobility. However, absent a material uptick in revenue or meaningful cost-reduction initiatives, the quarterly trajectory suggests continued pressure on profitability and cash generation in the near term. The absence of a disclosed earnings-call transcript in the provided datalimits the ability to quote management directly; investors should monitor for signs of cost discipline, product mix shifts toward higher-margin offerings, and any updates on debt-reduction plans or capex normalization in subsequent communications.