FLX

MKT CAP:$69M

BingEx Limited

Market Cap

$69M

Industrials·Integrated Freight & Logistics·🇨🇳 China·NASDAQ

Industrials·Integrated·🇨🇳·NASDAQ

Stock Price

$2.46-$0.76 (-23.60%)

Apr 21, 2026

Company Details

BingEx 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 s...

CEO

Peng Xue

IPO Date

Oct 4, 2024

Website

www.ishansong.com

Key Metrics TTM

Revenue

$581M

— YoY

Net Income

$16M

EPS (Diluted)

$0.69

Free Cash Flow

$0

Revenue / Share

$25.38

Gross Margin

11.8%

Operating Margin

1.2%

Net Margin

2.7%

FCF Margin

0.0%

P/S

0.1x

P/E

4.3x

Earnings Reports

FY 2025

Dec 30, 2025

$567M-13.1%EPS $0.68

Q4 2025

Dec 30, 2025

$144MEPS $0.14

Q3 2025

Nov 19, 2025

$147MEPS $0.28

Q2 2025

Aug 19, 2025

$150MEPS $0.34

Q1 2025

Mar 31, 2025

$140MEPS -$0.07

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 25	$140M	$19M	$1M
Q2 25	$150M	$18M	$3M
Q3 25	$147M	$16M	$2M
Q4 25	$144M	$16M	$418.2K

Valuation

Quarter	P/S	P/E
Q1 25	—	—
Q2 25	—	—
Q3 25	—	—
Q4 25	0.1x	4.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 25	$0	$0
Q2 25	$0	$0
Q3 25	$0	$0

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 25	$2M	1.7%
Q2 25	$2M	1.2%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 25	$4M	$6M	$7M	—
Q2 25	$3M	$5M	$7M	—
Q3 25	$3M	$5M	$6M	—
Q4 25	$3M	—	—	$13M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 21	$108M	$0	$108M
Q4 22	$91M	$27M	$118M
Q2 23	$101M	$16M	$117M
Q3 23	$106M	$18M	$124M
Q4 23	$102M	$22M	$124M
Q1 24	$95M	$16M	$112M
Q2 24	$104M	$16M	$120M
Q3 24	$76M	$0	$76M
Q4 24	$87M	$22M	$109M
Q1 25	$78M	$35M	$113M
Q2 25	$73M	$48M	$121M
Q3 25	$92M	$36M	$128M
Q4 25	$82M	$57M	$139M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 25	23M	—	—
Q2 25	23M	+0.0%	—
Q3 25	23M	0.0%	—
Q4 25	23M	-1.1%	—

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 25	$254.8K	551
Q2 25	$271.7K	551
Q3 25	$266.6K	551
Q4 25	$261.9K	551

Revenue / Employee