BingEx Limited(FLX)Earnings, Financials & Key Ratios
FLX•NASDAQ
$2.65
$121M mkt cap·Price updated May 6, 2026
SectorIndustrialsIndustryFreight & LogisticsSub-IndustryAsset-Based Parcel, Express and LTL Carriers
AboutBingEx Limited, through its subsidiaries, engages in the provision of on-demand dedicated courier services under the FlashEx brand name in the People's Republic of China. The company offers Flash-Riders as service who provides the courier services. It serves individual and business customers, including local retailers, restaurants, and logistics players through its mobile platform and website. The company was founded in 2013 and is headquartered in Beijing, the People's Republic of China.Show more
- Revenue$4.47B-1.3%
- EBITDA-$23M-246.8%
- Net Income-$146M-232.6%
- EPS (Diluted)-7.53-402.0%
- Gross Margin10.98%+26.0%
- EBITDA Margin-0.51%-248.8%
- Operating Margin-0.58%-345.4%
- Net Margin-3.28%-234.4%
- ROE-19.61%
- ROIC-9.8%
- Debt/Equity0.06
FLX Key Insights
BingEx Limited (FLX) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Strong 5Y sales CAGR of 21.5%
- ✓Trading at only 0.6x book value
- ✓Efficient asset utilization: 3.6x turnover
✗Weaknesses
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
FLX Price & Volume
BingEx Limited (FLX) stock price & volume — 10-year historical chart
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FLX Growth Metrics
BingEx Limited (FLX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years21.45%
3 Years13.7%
TTM-13.59%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-214.38%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-737.23%
Return on Capital
10 Years-596.32%
5 Years-636.06%
3 Years-24.31%
Last Year-4.59%
FLX Recent Earnings
BingEx Limited (FLX) EPS & revenue vs analyst estimates — last 4 quarters
●Beat Revenue 3/12 qtrs (100%)
Q2 2026Latest
Mar 17, 2026EPS
$0.10
Revenue
$143M
Est $127M
+13.0%
Q4 2025
Nov 19, 2025EPS
$0.13
Revenue
$141M
Est $138M
+2.2%
Q3 2025
Aug 19, 2025EPS
$0.11
Revenue
$143M
Est $138M
+3.4%
Q2 2025
May 22, 2025EPS
$0.10
Revenue
$132M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 17, 2026 | $0.10 | $143Mvs $127M+13.0% |
| Q4 2025 | Nov 19, 2025 | $0.13 | $141Mvs $138M+2.2% |
| Q3 2025 | Aug 19, 2025 | $0.11 | $143Mvs $138M+3.4% |
| Q2 2025 | May 22, 2025 | $0.10 | $132M |
Based on last 12 quarters of dataView full earnings history →
FLX Peer Comparison
BingEx Limited (FLX) competitors in Asset-Based Parcel, Express and LTL Carriers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 YMM | 19.36B | 9.08 | 21.05 | 33.22% | 34.41% | 10.89% | 0.00 | |
 GDS | 8.44B | 46.01 | 73.98 | 7.74% | 8.39% | 3.66% | 1.71 | |
 ZTO | 20.67B | 25.88 | 16.49 | 15.26% | 18.81% | 13.85% | 0.28 | |
 UPS | 84.87B | 99.88 | 15.23 | -2.49% | 5.94% | 32.98% | 1.99 | |
 FDX | 88.69B | 377.19 | 22.44 | 0.27% | 4.88% | 15.76% | 1.33 | |
 XPO | 24.84B | 211.58 | 80.14 | 1.05% | 4.19% | 19.04% | 2.53 | |
 ODFL | 41.81B | 200.62 | 41.54 | -5.48% | 18.63% | 24.03% | 0.03 | |
 SAIA | 11.99B | 449.40 | 47.21 | 0.79% | 7.84% | 10.04% | 0.16 |
Compare FLX vs Peers
BingEx Limited (FLX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FLX Income Statement
BingEx Limited (FLX) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 1.69B | 2.01B | 3.04B | 4B | 4.53B | 4.47B | 4.02B |
| Revenue Growth % | - | 19.15% | 50.9% | 31.68% | 13.14% | -1.34% | -13.59% |
| Cost of Goods Sold | 1.71B | 1.83B | 2.85B | 3.74B | 4.13B | 3.98B | 3.56B |
| COGS % of Revenue | 101% | 90.61% | 93.78% | 93.52% | 91.29% | 89.02% | - |
| Gross Profit | -16.98M▲ 0% | 189.22M▲ 1214.3% | 189.11M▼ 0.1% | 259.26M▲ 37.1% | 394.56M▲ 52.2% | 490.56M▲ 24.3% | 464.09M▲ 0% |
| Gross Margin % | -1% | 9.39% | 6.22% | 6.48% | 8.71% | 10.98% | 11.55% |
| Gross Profit Growth % | - | 1214.32% | -0.06% | 37.1% | 52.18% | 24.33% | - |
| Operating Expenses | 424.31M | 404.69M | 489.62M | 461.74M | 383.91M | 516.34M | 573.4M |
| OpEx % of Revenue | 25.1% | 20.09% | 16.11% | 11.54% | 8.48% | 11.56% | - |
| Selling, General & Admin | 327.54M | 304.48M | 384.85M | 343.12M | 293.06M | 372.48M | 426.6M |
| SG&A % of Revenue | 19.37% | 15.11% | 12.66% | 8.57% | 6.47% | 8.34% | - |
| Research & Development | 96.77M | 100.21M | 104.77M | 118.62M | 90.85M | 143.86M | 146.81M |
| R&D % of Revenue | 5.72% | 4.97% | 3.45% | 2.96% | 2.01% | 3.22% | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -441.3M▲ 0% | -215.47M▲ 51.2% | -300.51M▼ 39.5% | -202.48M▲ 32.6% | 10.65M▲ 105.3% | -25.78M▼ 342.1% | -109.32M▲ 0% |
| Operating Margin % | -26.1% | -10.7% | -9.89% | -5.06% | 0.24% | -0.58% | -2.72% |
| Operating Income Growth % | - | 51.17% | -39.47% | 32.62% | 105.26% | -342.06% | - |
| EBITDA | -438.72M | -212.22M | -296.23M | -197.02M | 15.54M | -22.81M | -108.57M |
| EBITDA Margin % | -25.95% | -10.53% | -9.74% | -4.92% | 0.34% | -0.51% | -2.7% |
| EBITDA Growth % | - | 51.63% | -39.59% | 33.49% | 107.89% | -246.79% | -200.71% |
| D&A (Non-Cash Add-back) | 2.57M | 3.25M | 4.28M | 5.46M | 4.89M | 2.97M | 742.75K |
| EBIT | -441.3M | -215.47M | -300.51M | -202.48M | 10.65M | -25.78M | -109.32M |
| Net Interest Income | 5.66M | 3.98M | 5.33M | 9.56M | 20.88M | 21.22M | 48.62M |
| Interest Income | 5.66M | 3.98M | 5.33M | 9.56M | 20.88M | 21.22M | 48.62M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 5.66M | 9.77M | 9.5M | 22.04M | 99.85M | -120.63M | -97.63M |
| Pretax Income | -435.63M▲ 0% | -205.7M▲ 52.8% | -291M▼ 41.5% | -180.44M▲ 38.0% | 110.5M▲ 161.2% | -146.41M▼ 232.5% | -206.95M▲ 0% |
| Pretax Margin % | -25.77% | -10.21% | -9.57% | -4.51% | 2.44% | -3.28% | -5.15% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 69K | 76K |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | -0.05% | -0.04% |
| Net Income | -435.63M▲ 0% | -205.7M▲ 52.8% | -291M▼ 41.5% | -180.44M▲ 38.0% | 110.5M▲ 161.2% | -146.48M▼ 232.6% | -207.02M▲ 0% |
| Net Margin % | -25.77% | -10.21% | -9.57% | -4.51% | 2.44% | -3.28% | -5.15% |
| Net Income Growth % | - | 52.78% | -41.47% | 37.99% | 161.24% | -232.56% | -214.38% |
| Net Income (Continuing) | -435.63M | -205.7M | -291M | -180.44M | 110.5M | -146.48M | -207.02M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -6.12▲ 0% | -4.14▲ 32.4% | -5.94▼ 43.5% | -2.55▲ 57.1% | -1.50▲ 41.2% | -7.53▼ 402.0% | -8.94▲ 0% |
| EPS Growth % | - | 32.35% | -43.48% | 57.07% | 41.18% | -402% | -737.23% |
| EPS (Basic) | -6.12 | -4.14 | -5.94 | -2.55 | -1.50 | -7.53 | - |
| Diluted Shares Outstanding | 71.02M | 71.02M | 71.02M | 71.02M | 23.67M | 23.71M | 23.17M |
| Basic Shares Outstanding | 71.02M | 71.02M | 71.02M | 71.02M | 23.89M | 23.71M | 23.17M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
FLX Balance Sheet
BingEx Limited (FLX) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 512.64M | 352.83M | 895.12M | 873.16M | 920.32M | 858.45M | 950.87M |
| Cash & Short-Term Investments | 458.16M | 295.38M | 832.24M | 806.34M | 850.09M | 746.27M | 875.94M |
| Cash Only | 458.16M | 295.38M | 218.53M | 622.14M | 699.39M | 592.36M | 628.63M |
| Short-Term Investments | 0 | 0 | 613.71M | 184.2M | 150.7M | 153.91M | 247.31M |
| Accounts Receivable | 16.35M | 15.98M | 22.62M | 40.31M | 44.65M | 44.17M | 26.28M |
| Days Sales Outstanding | 3.53 | 2.9 | 2.72 | 3.68 | 3.6 | 3.61 | 2.55 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - |
| Other Current Assets | 6.65M | 5.88M | 12.11M | 15.64M | 15.51M | 59.87M | 1.93M |
| Total Non-Current Assets | 6.53M | 12.69M | 12.54M | 49.5M | 80.35M | 376.97M | 321.02M |
| Property, Plant & Equipment | 5.03M | 8.15M | 9.38M | 48.94M | 65.4M | 48.26M | 29.83M |
| Fixed Asset Turnover | 335.92x | 247.03x | 324.18x | 81.78x | 69.25x | 92.58x | 97.55x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 324.11M | 1.19B |
| Other Non-Current Assets | 1.49M | 4.54M | 3.16M | 562K | 14.95M | 4.6M | 16.96M |
| Total Assets | 519.16M▲ 0% | 365.53M▼ 29.6% | 907.66M▲ 148.3% | 922.67M▲ 1.7% | 1B▲ 8.5% | 1.24B▲ 23.5% | 1.27B▲ 0% |
| Asset Turnover | 3.26x | 5.51x | 3.35x | 4.34x | 4.53x | 3.62x | 3.28x |
| Asset Growth % | - | -29.59% | 148.32% | 1.65% | 8.45% | 23.46% | 103.64% |
| Total Current Liabilities | 408.19M | 461.44M | 566.17M | 702.44M | 653.45M | 458.96M | 417.41M |
| Accounts Payable | 154.61M | 193.89M | 271.07M | 356.14M | 339.83M | 223.39M | 208.77M |
| Days Payables Outstanding | 33.05 | 38.77 | 34.71 | 34.72 | 30 | 20.5 | 21.1 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 64.22M | 66.57M | 48.27M | 39.05M | 51.95M | 56.77M | 162.48M |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 65.48M |
| Current Ratio | 1.26x | 0.76x | 1.58x | 1.24x | 1.41x | 1.87x | 1.87x |
| Quick Ratio | 1.26x | 0.76x | 1.58x | 1.24x | 1.41x | 1.87x | 1.87x |
| Cash Conversion Cycle | - | - | - | - | - | - | -18.55 |
| Total Non-Current Liabilities | 1.39B | 1.38B | 2.22B | 2.58B | 2.78B | 29.39M | 15.19M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 28.41M | 45.36M | 29.39M | 95.27M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1.39B | 1.38B | 2.22B | 2.55B | 2.73B | 0 | 0 |
| Total Liabilities | 1.8B | 1.85B | 2.78B | 3.28B | 3.43B | 488.36M | 432.6M |
| Total Debt | 0 | 0 | 0 | 39.81M | 57.71M | 42.49M | 24.94M |
| Net Debt | -458.16M | -295.38M | -218.53M | -582.34M | -641.68M | -549.87M | -603.69M |
| Debt / Equity | - | - | - | - | - | 0.06x | 0.06x |
| Debt / EBITDA | - | - | - | - | 3.71x | - | -0.23x |
| Net Debt / EBITDA | - | - | - | - | -41.30x | - | 5.56x |
| Interest Coverage | - | - | - | - | - | - | - |
| Total Equity | -1.28B▲ 0% | -1.48B▼ 15.7% | -1.87B▼ 26.7% | -2.35B▼ 25.6% | -2.43B▼ 3.3% | 747.06M▲ 130.7% | 839.29M▲ 0% |
| Equity Growth % | - | -15.68% | -26.67% | -25.63% | -3.26% | 130.72% | 531.06% |
| Book Value per Share | -18.01 | -20.84 | -26.39 | -33.16 | -102.72 | 31.51 | 36.23 |
| Total Shareholders' Equity | -1.28B | -1.48B | -1.87B | -2.35B | -2.43B | 747.06M | 839.29M |
| Common Stock | 44K | 44K | 44K | 44K | 44K | 138K | 839.29M |
| Retained Earnings | -1.23B | -1.53B | -1.95B | -2.27B | -2.31B | -2.57B | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -45.58M | 47.98M | 75.24M | -85.12M | -126.09M | -92.14M | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
FLX Cash Flow Statement
BingEx Limited (FLX) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Cash from Operations | -311.47M | -155.48M | -194.91M | -86.82M | 45.71M | 2.19M | 2.19M |
| Operating CF Margin % | -18.42% | -7.72% | -6.41% | -2.17% | 1.01% | 0.05% | - |
| Operating CF Growth % | - | 50.08% | -25.36% | 55.46% | 152.65% | -95.21% | -100% |
| Net Income | -435.63M | -205.7M | -291M | -180.44M | 110.5M | -146.48M | -207.02M |
| Depreciation & Amortization | 2.57M | 3.25M | 4.28M | 5.46M | 4.89M | 2.97M | 0 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 160.03M | 189.31M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 8K | 4K | -46K | -10.25M | 7.72M | 196.74M | 20.55M |
| Working Capital Changes | 121.58M | 46.97M | 91.86M | 98.41M | -77.4M | -211.06M | 0 |
| Change in Receivables | 0 | 0 | -124K | -12.65M | 660K | -4.78M | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 5.66M | 39.28M | 77.17M | 85.07M | -16.3M | -116.44M | 0 |
| Cash from Investing | -2.21M | -6.38M | -624.88M | 461.38M | 26.05M | -498.04M | 0 |
| Capital Expenditures | -2.21M | -6.48M | -5.23M | -3.42M | -3.08M | -1.14M | 0 |
| CapEx % of Revenue | 0.13% | 0.32% | 0.17% | 0.09% | 0.07% | 0.03% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 0 | 102K | 126K | 181K | 176K | 65K | 0 |
| Cash from Financing | 0 | 0 | 743.38M | 0 | -359K | 433.51M | 0 |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 0 | 1000K | 0 | 0 | 1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | -4.42M | 0 | -359K | -14.46M | 0 |
| Net Change in Cash | -307.01M▲ 0% | -162.78M▲ 47.0% | -76.85M▲ 52.8% | 403.62M▲ 625.2% | 77.25M▼ 80.9% | -60.3M▼ 178.1% | 0▲ 0% |
| Free Cash Flow | -313.69M▲ 0% | -161.96M▲ 48.4% | -200.14M▼ 23.6% | -90.24M▲ 54.9% | 42.62M▲ 147.2% | 1.05M▼ 97.5% | 0▲ 0% |
| FCF Margin % | -18.55% | -8.04% | -6.58% | -2.25% | 0.94% | 0.02% | - |
| FCF Growth % | - | 48.37% | -23.58% | 54.91% | 147.23% | -97.54% | -100% |
| FCF per Share | -4.42 | -2.28 | -2.82 | -1.27 | 1.80 | 0.04 | 0.04 |
| FCF Conversion (FCF/Net Income) | 0.71x | 0.76x | 0.67x | 0.48x | 0.41x | -0.01x | -0.00x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 69K | 0 |
FLX Key Ratios
BingEx Limited (FLX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | - | - | -19.61% | -26.31% |
| Return on Invested Capital (ROIC) | - | - | - | - | -9.8% | -9.8% |
| Gross Margin | 9.39% | 6.22% | 6.48% | 8.71% | 10.98% | 11.55% |
| Net Margin | -10.21% | -9.57% | -4.51% | 2.44% | -3.28% | -5.15% |
| Debt / Equity | - | - | - | - | 0.06x | 0.06x |
| FCF Conversion | 0.76x | 0.67x | 0.48x | 0.41x | -0.01x | -0.00x |
| Revenue Growth | 19.15% | 50.9% | 31.68% | 13.14% | -1.34% | -13.59% |
FLX Frequently Asked Questions
BingEx Limited (FLX) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
BingEx Limited (FLX) reported $4.02B in revenue for fiscal year 2024. This represents a 138% increase from $1.69B in 2019.
BingEx Limited (FLX) saw revenue decline by 1.3% over the past year.
BingEx Limited (FLX) reported a net loss of $207.0M for fiscal year 2024.
Dividend & Returns
BingEx Limited (FLX) has a return on equity (ROE) of -19.6%. Negative ROE indicates the company is unprofitable.
BingEx Limited (FLX) generated $1.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More FLX
BingEx Limited (FLX) financial analysis — history, returns, DCA and operating performance tools
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