BingEx (NASDAQ:FLX) Releases Earnings Results

BingEx (NASDAQ:FLX) announced its earnings results on Tuesday. The company reported $0.05 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $143.12 million for the quarter. BingEx had a negative return on equity of 1.13% and a negative net margin of 5.04%.

Here are the key takeaways from BingEx’s conference call:

• Adjusted (non-GAAP) net income rose sharply—Q4 up 107% YoY to RMB 41.6 million and full-year non-GAAP net income was RMB 199.4 million—while gross margins improved to 10.8% in Q4 and 11.8% for FY2025.
• Full-year revenue declined to RMB 4.0 billion from RMB 4.5 billion in 2024 and Q4 revenue was flat at RMB 1.0 billion, with management attributing the drop to lower order volumes amid intensified competition.
• Order mix is shifting toward higher-value categories—electronics volume grew 17% YoY and cake delivery returned to growth (+5% YoY)—supporting healthier ASPs and margin expansion through targeted merchant partnerships and refined subsidy strategies.
• Management is investing in innovation: a dedicated low-altitude/drone logistics division has completed over 2,000 commercial drone orders, and AI deployments across customer service, operations, and R&D improved efficiency (R&D coding efficiency +30%) and enable new features like voice-driven order creation.
• Scale and liquidity remain solid with a service network in 298 cities, 31 million registered riders, 120 million registered users, and RMB 951.6 million in cash and equivalents at year-end.

BingEx Stock Up 20.8%

BingEx stock opened at $2.85 on Wednesday. The firm has a 50 day moving average price of $2.90 and a 200-day moving average price of $3.15. BingEx has a twelve month low of $2.01 and a twelve month high of $8.48. The company has a market capitalization of $159.42 million, a P/E ratio of -285.00 and a beta of 1.04.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wall Street Zen cut BingEx from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BingEx in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.70.

Hedge Funds Weigh In On BingEx

Several institutional investors have recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC bought a new position in BingEx during the third quarter valued at $32,000. XTX Topco Ltd bought a new position in shares of BingEx during the 2nd quarter worth $34,000. Jane Street Group LLC bought a new position in shares of BingEx during the 4th quarter worth $38,000. SmartHarvest Portfolios LLC purchased a new stake in BingEx in the 4th quarter worth about $39,000. Finally, Marshall Wace LLP bought a new stake in BingEx in the 4th quarter valued at about $157,000.

About BingEx

BingEx Limited, through its subsidiaries, provides on-demand courier services under the FlashEx brand name in the People’s Republic of China. The company offers Flash-Riders as service providers. It serves individual and business customers, including local retailers, restaurants, and logistics players through its mobile platform and website. The company was incorporated in 2014 and is headquartered in Beijing, the People’s Republic of China.