BingEx (NASDAQ:FLX) on Tuesday reported unaudited financial results for the fourth quarter and full year ended December 31, 2025, showing a year-over-year revenue decline amid ongoing adjustments in the cross-border e-commerce logistics sector.
Full-year revenue totaled RMB3,992.1 million (US$570.9 million), down from RMB4,468.2 million in 2024.
Fourth-quarter revenue was RMB1,001.3 million (US$143.2 million).
The company recorded full-year net income of RMB109.4 million (US$15.6 million) and non-GAAP net income of RMB199.4 million (US$28.5 million).
Gross profit margin improved to 11.8% for the year, reflecting operational efficiencies and a more favorable revenue mix despite lower overall volumes.
As of December 31, 2025, cash and cash equivalents plus short-term investments stood at RMB951.6 million, providing a solid liquidity position.
The board also approved a one-year extension of the company's US$30 million share repurchase program, with approximately US$9.2 million in ADSs repurchased as of March 16, 2026.