UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
| (CHECK ONE): | ☒ Form 10-K | ☐ Form 20-F | ☐ Form 11-K | ☐ Form 10-Q | ☐ Form N-SAR |
Commission File Number: 001-42122
| For Period Ended: March 31, 2026 | |
| ☐ | Transition Report on Form 10-K |
| ☐ | Transition Report on Form 20-F |
| ☐ | Transition Report on Form 11-K |
| ☐ | Transition Report on Form 10-Q |
| ☐ | Transition Report on Form N-SAR |
| For the Transaction Period Ended: | |
READ INSTRUCTION (ON BACK PAGE) BEFORE PREPARING FORM. PLEASE PRINT OR TYPE.
NOTHING
IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE COMMISSION HAS
VERIFIED ANY INFORMATION CONTAINED HEREIN.
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
PART I - REGISTRANT INFORMATION
| Fly-E Group, Inc. |
| Full Name of Registrant |
| Former Name if Applicable |
| 136-40 39th Avenue |
| Address of Principal Executive Office (Street and Number) |
| Flushing, New York 11354 |
| City, State and Zip Code |
PART III - NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, or the transition report or portion thereof, could not be filed within the prescribed time period.
The Registrant is unable to file its Annual Report on Form 10-K for the fiscal year ended March 31, 2026 within the prescribed time period without unreasonable effort or expense because additional time is needed to prepare the financial statements for the fiscal year ended March 31, 2026.
The Registrant intends to file the subject Annual Report on Form 10-K on or before the fifth calendar day following the prescribed due date.
PART IV - OTHER INFORMATION
| (1) | Name and telephone number of person to contact in regard to this notification |
| Zhou Ou | (929) | 261-9979 | ||
| (Name) | (Area Code) | (Telephone Number) |
| (2) | Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). |
☒ Yes ☐ No
| (3) | Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? |
☒ Yes ☐ No
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
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For the fiscal year ended March 31, 2026, the Registrant’s net revenues decreased by 25.0% to approximately $19.1 million, compared to approximately $25.4 million for the same period in 2025, which was primarily due to the decrease in sales volume by 25,178 units, from 58,765 units sold for the fiscal year ended March 31, 2025, to 33,587 units sold for the fiscal year ended March 31, 2026. Cost of revenues decreased by 10.0%, from approximately $15.0 million for the fiscal year ended March 31, 2025, to approximately $13.5 million for the fiscal year ended March 31, 2026. Total operating expenses were approximately $12.4 million for the fiscal year ended March 31, 2026, a decrease of approximately $2.6 million, or 17.3%, compared to approximately $15.0 million for the fiscal year ended March 31, 2025. The decrease in operating expenses was attributable to the decrease in our payroll expenses and rent expense. For the fiscal year ended March 31, 2026, the Registrant had a net loss of approximately $9.7 million, an increase of approximately $4.4 million, or 83.1%, from net loss of $5.3 million for the fiscal year ended March 31, 2025.
The amounts reported above are still under review and may differ once reported in the Annual Report to be filed by the Registrant.
Cautionary Note Regarding Forward-Looking Statements
This Notification of Late Filing on Form 12b-25, or this Form 12b-25, contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “anticipates,” “believe,” “may,” “future,” “plan,” “should” or “expects.” Forward-looking statements in this Form 12b-25 include, but are not limited to, the expected timing of the filing of the Form 10-K and the Registrant’s expected financial results to be included in the Form 10-K. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including risks and uncertainties related to the compilation and finalization of the Registrant’s financial statements and Annual Report. These and other risks are identified in the Registrant’s filings with the Securities and Exchange Commission, including, without limitation, the Registrant’s Annual Report on Form 10-K for the year ended March 31, 2025 and our Quarterly Reports on Form 10-Q for the quarters ended June 30, 2025, September 30, 2025 and December 31, 2025, as filed with the Securities and Exchange Commission on July 15, 2025, August 19, 2025, December 18, 2025 and April 21, 2026, respectively, and in other filings subsequently made by the Registrant. All forward-looking statements contained in this Form 12b-25 speak only as of the date on which they were made and are based on management’s assumptions and estimates as of such date. The Registrant does not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise.
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Fly-E Group, Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: June 30, 2026 | By: | /s/ Zhou Ou |
| Zhou Ou | ||
| Chief Executive Officer |
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