FLX on Nasdaq

BingEx Ltd

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Last updated Oct 16, 2026.

Overview

$570.9MRevenue, fiscal 20252
$15.6MNet income, fiscal 20252

Compare with SHENGFENG DEVELOPMENT Ltd, ZTO Express or TFI International, or pick any stock.

  • TickerFLX on Nasdaq
  • IndustryTrucking & Courier Services (No Air)
  • HeadquartersE9
  • Incorporated inCayman Islands3
  • Business addressBldg 6, Zhongguancun Dongshen Int Sci Pk, No.1 Yongtaizhuang North Haidan District, Beijing, F4 1001923
  • Filer categoryAccelerated filer, Emerging growth company3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

11.8%Gross margin2
1.2%Operating margin2
2.7%Net margin2
-6.7%Revenue growth, 20252
13.1%Return on equity2
$14.1MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue88¢$503.8M
  • Research and development2¢$12.1M
  • Other costs7¢$39.3M
  • Income tax0¢$40.0K
  • Profit3¢$15.6M

Out of $570.9M in revenue.2

Where each dollar of operating cash went, fiscal 2025

  • Capital spending0¢$19.0K
  • Share buybacks55¢$7.8M
  • Kept or used elsewhere45¢$6.3M

Out of $14.2M of cash from operations.2

Financial statements

Revenue42$570.9M in 2025−7% since 2024
0$200.0M$400.0M$600.0M$800.0M2024: $612.1M$612.1M20242025: $570.9M$570.9M2025−7%
Gross profit42$67.1M in 2025−0% since 2024
0$20.0M$40.0M$60.0M$80.0M2024: $67.2M$67.2M20242025: $67.1M$67.1M2025−0%
Operating income42$6.6M in 2025
-$5.0M0$5.0M$10.0M2024: -$3.5M-$3.5M20242025: $6.6M$6.6M2025
Net income42$15.6M in 2025
-$30.0M-$20.0M-$10.0M0$10.0M$20.0M2024: -$20.1M-$20.1M20242025: $15.6M$15.6M2025

Every line of the income statement in the latest annual report, as filed.2

Period ending2025-12-312024-12-312023-12-31
Revenues4.0B CNY4.5B CNY4.5B CNY
Cost of revenues-3.5B CNY-4.0B CNY-4.1B CNY
Gross Profit469.1M CNY490.6M CNY394.6M CNY
Selling and marketing expenses-192.4M CNY-223.9M CNY-188.2M CNY
General and administrative expenses-145.9M CNY-148.5M CNY-104.8M CNY
Research and development expenses-84.5M CNY-143.9M CNY-90.8M CNY
Total operating expenses-422.8M CNY-516.3M CNY-383.9M CNY
Income (loss) from operations46.3M CNY-25.8M CNY10.6M CNY
Interest income14.3M CNY21.2M CNY20.9M CNY
Changes in fair value of long-term investments-43.5M CNY-187.7M CNY
Investment income79.0M CNY4.2M CNY4.6M CNY
Other income13.6M CNY41.7M CNY74.3M CNY
Income (loss) before income taxes109.7M CNY-146.4M CNY110.5M CNY
Income tax expense-277.0K CNY-69.0K CNY
Net income (loss)109.4M CNY-146.5M CNY110.5M CNY
Accretion of redeemable convertible preferred shares to redemption value-113.7M CNY-146.3M CNY
Net income (loss) attributable to ordinary shareholders109.4M CNY-260.1M CNY-35.8M CNY
Net income (loss) per ordinary share - Basic0.53 CNY-2.51 CNY-0.50 CNY
Net income (loss) per ordinary share - Diluted0.52 CNY-2.51 CNY-0.50 CNY
Weighted average number of shares outstanding used in computing net income (loss) per ordinary share - Basic207.1M shares103.7M shares72.0M shares
Weighted average number of shares outstanding used in computing net income (loss) per ordinary share - Diluted208.6M shares103.7M shares72.0M shares
Foreign currency translation adjustment, net of nil income taxes-13.6M CNY34.0M CNY-41.0M CNY
Comprehensive income (loss)95.8M CNY-112.5M CNY69.5M CNY

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Recent filings

  1. Aug 26, 20264
  2. Aug 26, 20264
  3. Aug 20, 20266-K
  4. Jul 9, 2026SCHEDULE 13G/A
  5. May 26, 20264
  6. May 26, 20264
  7. May 21, 20266-K
  8. May 19, 20266-K
  9. Apr 24, 202620-F
  10. Mar 23, 20264
  11. Mar 23, 20264
  12. Mar 18, 20263
  13. Mar 18, 20263
  14. Mar 18, 20263
  15. Mar 18, 20263

Every filing from the last three years, summarized. The full record is on SEC EDGAR.1

Sources

The numbers on this page point here. Each one links to the record it came from.

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