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FLX on Nasdaq

BingEx Ltd

BingEx Ltd is a trucking and courier services company in the Cayman Islands.1 It is headquartered in Beijing, China.1 Its shares trade on Nasdaq under the symbol FLX.1

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Last updated Oct 21, 2026.

Overview

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

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  • TickerFLX on Nasdaq1
  • IndustryTrucking & Courier Services (No Air)1
  • HeadquartersBeijing, China1
  • 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

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Flash-Riders best suited for the delivery based on location, types of items being delivered, and the characteristics of the Flash-Riders.4 From its latest annual report

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

Revenue52$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 profit52$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 income52$6.6M in 2025
-$5.0M0$5.0M$10.0M2024: -$3.5M-$3.5M20242025: $6.6M$6.6M2025
Net income52$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 as filed: the last 3 fiscal years, latest first.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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Corporate structure

BingEx Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of BingEx Ltd

  • BingEx Ltd Beijing, China

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What BingEx Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation21.4M CNY2 Dec 31, 202522.3M CNY2 Dec 31, 2024−3.8%
Accumulated depreciation19.5M CNY2 Dec 31, 202518.6M CNY2 Dec 31, 2024+4.8%
Property and equipment, net$278.0K2 Dec 31, 2025$505.0K5 Dec 31, 2024−45.0%
Operating-lease assets (leased space)$3.6M2 Dec 31, 2025$6.1M5 Dec 31, 2024−41.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$80.2M2 Dec 31, 2025$81.2M5 Dec 31, 2024−1.1%
Marketable securities, current$55.8M2 Dec 31, 2025$21.1M5 Dec 31, 2024+164.7%
Marketable securities, non-current51.1M CNY5 Dec 31, 2024
Long-term investments$32.1M2 Dec 31, 2025$44.4M5 Dec 31, 2024−27.7%

Leadership

Who has led BingEx Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Peng Xue2026–now

President

  1. Hongjian Yu2026–now

Chief financial officer

  1. Le Tang2026–now
Board members and other officers (4)

Timeline

  1. Mar 18, 2026New chief executive Peng Xue becomes CEO6

Calendar

Coming up

  1. Nov 18, 2026Reports results for the quarter ending Sep/202611

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

56 filings to the SEC since October 2021: 2 annual reports, 13 insider forms, 6 large holders, 35 other. The latest 20:

  1. Aug 26, 20264 EDGAR
  2. Aug 26, 20264 EDGAR
  3. Aug 20, 20266-K EDGAR
  4. Jul 9, 2026SCHEDULE 13G/A EDGAR
  5. May 26, 20264 EDGAR
  6. May 26, 20264 EDGAR
  7. May 21, 20266-K EDGAR
  8. May 19, 20266-K EDGAR
  9. Apr 24, 202620-F EDGAR
  10. Mar 23, 20264 EDGAR
  11. Mar 23, 20264 EDGAR
  12. Mar 18, 20263 EDGAR
  13. Mar 18, 20263 EDGAR
  14. Mar 18, 20263 EDGAR
  15. Mar 18, 20263 EDGAR
  16. Mar 18, 20263 EDGAR
  17. Mar 18, 20263 EDGAR
  18. Mar 18, 20263 EDGAR
  19. Mar 17, 20266-K EDGAR
  20. Feb 9, 2026SCHEDULE 13G/A EDGAR

The 56 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

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

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Susquehanna International Group, Llp6,495,883$13.8M0.0%No change
Marshall Wace, Llp104,246$222.0K0.0%+30,496
Millennium Management LLC71,206$151.7K0.0%New
Goldman Sachs Group Inc65,298$139.1K0.0%+2,315
Dimensional Fund Advisors LP43,885$93.5K0.0%+19,146
Renaissance Technologies LLC41,005$87.3K0.0%−36,295
Citadel Advisors LLC38,927$82.9K0.0%−60,288
UBS Group AG31,622$67.4K0.0%+31,528
Centiva Capital, LP29,923$63.7K0.0%−3,559
XTX Topco Ltd26,474$56.4K0.0%−4,257
Invesco Ltd.25,540$54.4K0.0%−2,225
Geode Capital Management, LLC24,028$51.2K0.0%No change
Royal Bank Of Canada7,084$15.0K0.0%+584
Tower Research Capital LLC (TRC)5,608$11.9K0.0%New
Jones Financial Companies Lllp2,826$6.2K0.0%New
Jpmorgan Chase & Co449$9690.0%New
SG Americas Securities, LLC80,778$1720.0%New
Caitong International Asset Management Co., Ltd6$130.0%New
Smartleaf Asset Management LLC2$40.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How BingEx Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBingEx Ltd1
  • CIK0001858724
  • Filer statusAccelerated filer an emerging growth company; a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)4210 Trucking & Courier Services (No Air)1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business addressBldg 6, Zhongguancun Dongshen Int Sci Pk, No.1 Yongtaizhuang North Haidan District, Beijing, F4 1001921
  • Phone8610629239661
  • Shares outstanding219,389,729 shares as of Dec 31, 20254
  • AuditorKPMG Huazhen LLP, Beijing, China PCAOB ID 1186; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJun 10, 20211
  • Filings62 in all: 6-K (9), 3 (7), DRSLTR (7), UPLOAD (7), 4 (6), DRS/A (6), CORRESP (4), SCHEDULE 13G (4)1
    All 18 form types

    20-F (2), SCHEDULE 13G/A (2), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), EFFECT (1), F-1 (1), F-1/A (1), S-8 (1)

  • Latest filingsAnnual report (20-F) Apr 24, 2026

Securities registered for trading

ClassSymbolExchange
American depositary shares, each representing three Class A ordinary sharesFLXThe Nasdaq Stock Market LLC
Class A ordinary share, par value US$0.0001 per share*The Nasdaq Stock Market LLC

From the cover page of the 20-F filed Apr 24, 2026 (Section 12(b) of the Exchange Act).4

Sources

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