Company research
BingEx Ltd
CIK 1858724Updated Oct 6, 2026
SecurityFLX · NASDAQ · adr
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Recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| ASSETS | |||
| AssetsUSD | 184,246,000Source | 169,253,000Source | 1,000,670,000Source |
| Property, Plant and Equipment, NetUSD | 278,000Source | 505,000Source | 5,544,000Source |
| Current assets: | |||
| Cash and Cash Equivalents, at Carrying ValueUSD | 80,240,000Source | 81,153,000Source | 699,391,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 5,252,000Source | 2,314,000Source | 12,115,000Source |
| Assets, CurrentUSD | 147,854,000Source | 117,608,000Source | 920,324,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 6,529,000Source | 6,652,000Source | 58,119,000Source |
| Operating Lease, Right-of-Use AssetUSD | 3,587,000Source | 6,107,000Source | 59,852,000Source |
| Other Assets, NoncurrentUSD | 438,000Source | 630,000Source | 14,950,000Source |
| LIABILITIES AND EQUITY | |||
| LiabilitiesUSD | 64,782,000Source | 66,906,000Source | 698,812,000Source |
| Stockholders’ equity: | |||
| Additional Paid in CapitalUSD | 493,658,000Source | 466,463,000Source | — |
| Retained Earnings (Accumulated Deficit)USD | -351,255,000Source | -351,512,000Source | -2,305,654,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -15,124,000Source | -12,623,000Source | -126,092,000Source |
| Stockholders' Equity Attributable to ParentUSD | 119,464,000Source | 102,347,000Source | -2,431,702,000Source |
| Liabilities and EquityUSD | 184,246,000Source | 169,253,000Source | 1,000,670,000Source |
| Current liabilities: | |||
| Liabilities, CurrentUSD | 62,940,000Source | 62,879,000Source | 653,452,000Source |
| Operating Lease, Liability, CurrentUSD | 1,391,000Source | 1,793,000Source | 12,346,000Source |
| Accounts Payable, CurrentUSD | 32,044,000Source | 30,604,000Source | 339,832,000Source |
| Operating Lease, Liability, NoncurrentUSD | 1,842,000Source | 4,027,000Source | 45,360,000Source |
| Additional Financial Items | |||
| Deferred Revenue, CurrentUSD | 8,657,000Source | 7,777,000Source | 51,945,000Source |
| Short-term InvestmentsUSD | 55,820,000Source | 21,086,000Source | 150,699,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 6,639,000Source | 21,924,000Source | — |
| Changes in operating assets and liabilities: | |||
| Increase (Decrease) in Accounts ReceivableUSD | 2,836,000Source | 655,000Source | -660,000Source |
| Increase (Decrease) in Accounts PayableUSD | 100,000Source | -15,952,000Source | -16,304,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 14,161,000Source | 300,000Source | 45,707,000Source |
| Cash flows from investing activities: | |||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -15,939,000Source | -68,230,000Source | 26,049,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 19,000Source | 156,000Source | 3,085,000Source |
| Cash flows from financing activities: | |||
| Payments for Repurchase of Common StockUSD | 7,835,000Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -8,467,000Source | 59,391,000Source | -359,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -11,136,000Source | -8,260,000Source | 77,247,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 80,253,000Source | 87,556,000Source | 699,391,000Source |
| Supplemental disclosure of cash flow information: | |||
| Income Taxes Paid, NetUSD | 22,000Source | 9,000Source | — |
| Additional Financial Items | |||
| Share-based Payment Arrangement, ExpenseCNY | 1,889,000Source | 60,530,000Source | — |
| DepreciationUSD | 254,000Source | 407,000Source | 4,888,000Source |
| Gain (Loss) on Disposition of AssetsUSD | -1,000Source | 5,000Source | 75,000Source |
| Gain (Loss) on InvestmentsUSD | -6,224,000Source | -25,718,000Source | — |
| General and Administrative ExpenseUSD | 20,867,000Source | 20,351,000Source | 104,810,000Source |
| Income Tax Expense (Benefit)USD | 40,000Source | 9,000Source | — |
| Investment Income, InterestUSD | 11,298,000Source | 576,000Source | 4,648,000Source |
| Net Income (Loss) Attributable to ParentUSD | 15,648,000Source | -20,066,000Source | 110,499,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 15,648,000Source | -35,637,000Source | -35,842,000Source |
| Operating ExpensesUSD | 60,459,000Source | 70,738,000Source | 383,906,000Source |
| Other Nonoperating Income (Expense)USD | 1,951,000Source | 5,709,000Source | 74,321,000Source |
| Payments to Acquire InvestmentsUSD | 163,358,000Source | 152,044,000Source | 735,000,000Source |
| Proceeds from Stock Options ExercisedUSD | 131,000Source | — | — |
| Unrealized Gain (Loss) on InvestmentsCNY | — | -177,725,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Total RevenueUSD | 570,858,000Source | 612,136,000Source | 4,528,826,000Source |
| Cost of Goods and Services Sold | —Source | —Source | —Source |
| Operating Income (Loss)USD | 6,621,000Source | -3,531,000Source | 10,649,000Source |
| Other Nonoperating Income (Expense)USD | 1,951,000Source | 5,709,000Source | 74,321,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 15,688,000Source | -20,057,000Source | 110,499,000Source |
| Income Tax Expense (Benefit)USD | 40,000Source | 9,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | 15,648,000Source | -20,066,000Source | 110,499,000Source |
| Earnings Per Share, BasicUSD per share | 0.08Source | — | — |
| Earnings Per Share, DilutedUSD per share | 0.07Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 207,133,005Source | 103,695,655Source | 72,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 208,554,152Source | 103,695,655Source | 72,000,000Source |
| Additional Financial Items | |||
| Current Income Tax Expense (Benefit)CNY | 277,000Source | 69,000Source | — |
| Gain (Loss) on InvestmentsUSD | -6,224,000Source | -25,718,000Source | — |
| General and Administrative ExpenseUSD | 20,867,000Source | 20,351,000Source | 104,810,000Source |
| Gross ProfitUSD | 67,080,000Source | 67,207,000Source | 394,555,000Source |
| Interest Income (Expense), NetUSD | 2,042,000Source | 2,907,000Source | 20,881,000Source |
| Investment Income, InterestUSD | 11,298,000Source | 576,000Source | 4,648,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 15,648,000Source | -35,637,000Source | -35,842,000Source |
| Operating ExpensesUSD | 60,459,000Source | 70,738,000Source | 383,906,000Source |
| Research and Development ExpenseUSD | 12,079,000Source | 19,708,000Source | 90,847,000Source |
| Selling and Marketing ExpenseUSD | 27,513,000Source | 30,679,000Source | 188,249,000Source |
Filing attachments
ex99-1.htm · 6-K · 2026-08-20
Exhibit 99.1 BingEx Limited Announces Second Quarter 2026 Financial Results Beijing, China, August 20, 2026 - BingEx Limited (the “Company”) (Nasdaq: FLX), a leading on-demand dedicated courier service provider in China (branded as “FlashEx”), today announced its unaudited financial results for the second quarter ended June 30, 2026. Second Quarter 2026 Highlights: Revenues were RMB940.3 million (US$138.6 million) in the second quarter of 2026, compared with RMB1,024.6 million in the sam…
Read attachment ↗ea029737701ex99-1.htm · SCHEDULE 13G/A · 2026-07-09
Exhibit 99.1 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13G referred to below) on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Class A ordinary shares, par value US$0.0001 per share, of BingEx Limited, a Cayman Islands exempted company…
Read attachment ↗ex99-1.htm · 6-K · 2026-05-21
Exhibit 99.1 BingEx Limited Announces First Quarter 2026 Financial Results Beijing, China, May 21, 2026 - BingEx Limited (the “Company”) (Nasdaq: FLX), a leading on-demand dedicated courier service provider in China (branded as “FlashEx”), today announced its unaudited financial results for the first quarter ended March 31, 2026. First Quarter 2026 Highlights: Revenues were RMB935.3 million (US$135.6 million) in the first quarter of 2026, compared with RMB960.8 million in the same period…
Read attachment ↗ex99-1.htm · 6-K · 2026-05-19
Exhibit 99.1 BingEx Secures Strategic Investment from HLID to Accelerate Drone Delivery BEIJING, May 18, 2026 (GLOBE NEWSWIRE) - BingEx Limited (“BingEx” or the “Company”) (Nasdaq: FLX), a leading on-demand dedicated courier services provider in China (branded as “FlashEx”), today announced that its wholly-owned subsidiary has recently signed a strategic investment agreement with Hangzhou Low-Altitude Industry Development Co., Ltd. (“HLID”). Upon completion of the investment, FlashEx will bec…
Read attachment ↗ex99-1.htm · 6-K · 2026-03-17
Exhibit 99.1 BingEx Limited Announces Fourth Quarter and Fiscal Year 2025 Financial Results Beijing, China, March 17, 2026 - BingEx Limited (the “Company”) (Nasdaq: FLX), a leading on-demand dedicated courier service provider in China (branded as “FlashEx”), today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2025. Fourth Quarter and Fiscal Year 2025 Highlights: Revenues were RMB1,001.3 million (US$143.2 million) in the fourth quarter o…
Read attachment ↗ea027608102ex99-1_bingex.htm · SCHEDULE 13G/A · 2026-02-09
Exhibit 99.1 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13G referred to below) on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Class A ordinary shares, par value US$0.0001 per share, of BingEx Limited, a Cayman Islands exempted company…
Read attachment ↗