Fly-E Group, Inc. (FLYE) Cash Flow Statement
Where FLYE’s cash came from and went, FY2026
March 31, 2026 · U.S. dollars- Cash from operations
- −$13.8M
- Capital expenditures
- $74,609 0.4% of revenue
- Free cash flow
- −$13.9M −73.0% margin
- Returned to shareholders
- —
- Change in cash
- −$574,866 cash at year-end $265,236
Drawn to scale: where the cash came from and how it was used. Hover for values.
FLYE operating cash flow, capex and free cash flow
FLYE cash flow trends, FY2022–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $11,688FY2022 | −$13.8MFY2026 | — | |
| Capital expenditures | $323,544FY2022 | $74,609FY2026 | −30.7%/yr | |
| Free cash flow | −$311,856FY2022 | −$13.9MFY2026 | — | |
| Free cash flow margin | −1.8%FY2022 | −73.0%FY2026 | −71.2 pts | |
| Operating cash flow / net income | 0.03FY2022 | 2.27FY2024 | +2.24 | |
| Capex / revenue | 1.9%FY2022 | 0.4%FY2026 | −1.5 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FLYE cash flow by activity
FLYE net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
FLYE cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Operating activities | |||||
| Net income | −$9.3M | −$5.3M | $1.9M | $1.4M | $408,021 |
| Depreciation & amortization | $2.8M | $5.8M | $2.6M | $2.1M | $1.0M |
| Change in working capital | −$7.0M | −$11.4M | −$822,911 | −$2.3M | −$1.2M |
| Other non-cash items | −$404,032 | $835,233 | $684,343 | $600,178 | −$204,015 |
| Cash from operating activities | −$13.8M | −$10.1M | $4.3M | $1.8M | $11,688 |
| Investing activities | |||||
| Capital expenditures | −$74,609 | −$3.0M | −$3.0M | −$442,915 | −$323,544 |
| Investments (net) | — | −$2.9M | −$3.2M | −$442,915 | −$323,544 |
| Acquisitions & other investing | −$2.4M | $3.0M | $3.0M | $442,915 | $323,544 |
| Cash from investing activities | −$2.5M | −$2.9M | −$3.2M | −$442,915 | −$323,544 |
| Financing activities | |||||
| Net borrowing (repayment) | −$1.2M | $3.7M | $305,633 | $1.2M | $534,536 |
| Shares issued | $17.4M | $9.2M | $136,370 | $0 | $0 |
| Other financing | −$516,490 | −$374,632 | −$491,631 | −$2.6M | $0 |
| Cash from financing activities | $15.7M | $12.5M | −$49,628 | −$1.4M | $534,536 |
| Summary | |||||
| Net change in cash | −$574,866 | −$563,412 | $1.0M | −$36,140 | $222,680 |
| Cash at end of period | $265,236 | $840,102 | $1.4M | $358,894 | $395,034 |
| Free cash flow | −$13.9M | −$13.1M | $1.3M | $1.3M | −$311,856 |
| Free cash flow margin | −73.0% | −51.5% | 4.0% | 6.0% | −1.8% |
| Capex / revenue | 0.4% | 11.9% | 9.4% | 2.0% | 1.9% |
| Operating cash flow / net income | — | — | 2.27 | 1.27 | 0.03 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$3.9M | −$1.9M | −$1.9M | −$1.8M | −$2.0M | −$3.3M | −$684,487 | −$1.1M | −$179,508 | $687,334 | $20,889 | $746,556 |
| Depreciation & amortization | $187,144 | $1.6M | $1.6M | $2.1M | $1.1M | $3.0M | $879,086 | $972,701 | $894,046 | $548,864 | $591,563 | $862,704 |
| Change in working capital | $1.8M | −$6.6M | −$6.6M | −$3.0M | −$4.6M | −$1.4M | −$146,510 | −$4.5M | −$5.4M | $1.2M | −$626,334 | −$822,453 |
| Other non-cash items | $1.7M | $696,091 | $696,091 | $276,136 | $255,107 | $1.0M | −$49,933 | −$248,890 | $116,973 | $170,891 | $164,001 | −$12,974 |
| Cash from operating activities | −$190,160 | −$6.3M | −$6.3M | −$2.4M | −$5.3M | −$645,477 | −$1,844 | −$4.9M | −$4.5M | $2.6M | $150,119 | $773,833 |
| Investing activities | ||||||||||||
| Capital expenditures | −$2,205 | −$25,185 | −$1.8M | −$96,963 | −$141,624 | −$15,884 | −$132,954 | −$1.6M | −$1.2M | −$2.4M | −$437,090 | −$136,159 |
| Investments (net) | — | — | — | — | −$408,632 | −$64,601 | $8,797 | −$1.8M | −$1.1M | −$2.2M | −$437,090 | −$136,159 |
| Acquisitions & other investing | −$9,775 | −$1.8M | — | $53,555 | $141,624 | — | $132,954 | $1.6M | $1.2M | $2.4M | $437,090 | $136,159 |
| Cash from investing activities | −$11,980 | −$1.8M | — | −$43,408 | −$408,632 | — | $8,797 | −$1.8M | −$1.1M | −$2.2M | −$437,090 | −$136,159 |
| Financing activities | ||||||||||||
| Net borrowing (repayment) | −$2,815 | −$8,643 | −$1.7M | −$768,596 | $1.3M | $252,168 | $107,876 | $3.5M | −$128,125 | — | — | — |
| Shares issued | $0 | $0 | $7.6M | $3.4M | $6.4M | $0 | $0 | $0 | $9.2M | $0 | $0 | $0 |
| Other financing | $0 | $5.9M | $0 | $0 | −$516,490 | $0 | $0 | −$2,229 | −$372,403 | −$80,178 | $347,669 | −$208,726 |
| Cash from financing activities | −$2,815 | $5.9M | $5.9M | $2.6M | $7.2M | $252,168 | $107,876 | $3.5M | $8.7M | −$80,178 | $347,669 | −$208,726 |
| Summary | ||||||||||||
| Net change in cash | −$204,955 | −$2.2M | −$2.2M | $203,788 | $1.5M | −$457,910 | $92,313 | −$3.2M | $3.1M | $230,286 | $63,799 | $428,948 |
| Cash at end of period | $60,281 | $295,674 | $295,674 | $2.5M | $2.3M | $840,102 | $1.4M | $1.3M | $4.5M | $1.4M | $1.2M | $1.1M |
| Free cash flow | −$192,365 | −$6.3M | −$8.1M | −$2.3M | −$5.4M | −$661,361 | −$134,798 | −$6.5M | −$5.8M | $157,650 | −$286,971 | $637,674 |
| Free cash flow margin | −7.0% | −237.4% | −305.3% | −59.5% | −101.8% | −13.1% | −2.4% | −95.6% | −73.3% | 1.9% | −3.9% | 7.3% |
| Capex / revenue | 0.1% | 1.0% | 68.9% | 2.5% | 2.7% | 0.3% | 2.3% | 23.9% | 15.8% | 29.5% | 5.9% | 1.6% |
| Operating cash flow / net income | — | — | — | — | — | — | — | — | — | 3.73 | 7.19 | 1.04 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
FLYE cash generation
In fiscal 2026 (ended March 31, 2026), Fly-E generated -$13.8 million of cash from operations and spent $0.1 million on capital expenditures, leaving free cash flow of -$13.9 million, −73.0% of revenue. Cash and equivalents fell by $0.6 million over the year.
Related: FLYE income statement, FLYE balance sheet. See the FLYE stock overview for the latest quote and news.
FLYE cash flow FAQ
What is Fly-E's free cash flow?
Fly-E's free cash flow was -$13.9 million in fiscal 2026: -$13.8 million of operating cash flow minus $0.1 million of capital expenditures It was -$13.1 million a year earlier..
How much cash does Fly-E generate from operations?
Fly-E generated -$13.8 million of cash from operating activities in fiscal 2026.
How much does Fly-E spend on capital expenditures?
Fly-E spent $0.1 million on capital expenditures in fiscal 2026, 0.4% of revenue, compared with $3.0 million the year before.