How did BingEx (NASDAQ:FLX) perform in fiscal year 2025?

BingEx reported full-year revenue of RMB 3,992.1 million (US$570.9 million), a decline from RMB 4,468.2 million in 2024. Despite the revenue drop, the company recorded net income of RMB 109.4 million (US$15.6 million) and non-GAAP net income of RMB 199.4 million (US$28.5 million), reflecting improved operational efficiencies and a more favorable revenue mix.

What were BingEx's fourth-quarter results for 2025?

For Q4 2025, BingEx posted revenue of RMB 1,001.3 million (US$143.2 million). The company’s net income for the quarter was not specified, but the overall revenue decline in the year was attributed to challenges in the cross-border e-commerce logistics sector, which continues to face market adjustments.

What is BingEx’s financial position at the end of 2025?

As of December 31, 2025, BingEx held RMB 951.6 million (US$137 million) in cash, cash equivalents, and short-term investments, providing the company with a solid liquidity position to support future growth and navigate ongoing market adjustments in the cross-border e-commerce logistics sector.

How is BingEx returning value to shareholders?

BingEx’s Board of Directors approved a one-year extension of its US$30 million share repurchase program. As of March 16, 2026, the company had repurchased approximately US$9.2 million in ADSs. This repurchase program is part of the company’s strategy to return capital to shareholders and boost investor confidence.

Technology

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BingEx reports full-year 2025 revenue of $570.9 million

Written by Heidi Cuthbert Published Mar 17, 2026, 12:00 AMLast Updated Jul 6, 2026, 10:43 AM

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.