BingEx (ADR)
Delivers time-sensitive orders through FlashEx's dedicated one-rider, one-order courier model.
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Profile
Individual and business customers book on-demand dedicated courier services through FlashEx. The platform assigns one rider to each order, while its operations and contractual VIE structure are concentrated in China.
Individual and business customers use FlashEx to arrange on-demand dedicated courier deliveries. Its one-rider, one-order model focuses on time-sensitive shipments, delivery safety, and service quality.
FlashEx is the operating brand for the courier platform. The dedicated-delivery model assigns a rider to each order rather than a shared batch, serving both individual and business customers.
Operations are concentrated in China. BingEx is a Cayman holding company whose business is conducted through subsidiaries and contractual control of a PRC VIE; it is also pursuing a Hangzhou drone-delivery initiative alongside the core courier model.
Company facts
Categories
Key statistics
Year to date −39.4% · Average volume (30d) 137.0K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 20, 2026Q2 FY26 | — | $0.03 | — | — | $138.4M | — | +6.84% |
| May 21, 2026Q1 FY26 | — | −$0.03 | — | — | $135.6M | — | +0.89% |
| Mar 17, 2026Q4 FY25 | — | $0.10 | — | $126.7M | $143.1M | +13.0% | −15.79% |
| Nov 19, 2025Q3 FY25 | — | $0.13 | — | $138.2M | $141.2M | +2.2% | −4.62% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $143.0M | $152.4M | $149.6M | $149.0M | $139.2M | $139.5M | |
| Gross profit | $18.8M | $18.3M | $16.6M | $16.1M | $15.7M | $14.2M | |
| Operating income | $1.5M | $2.9M | $2.1M | $431.8K | $1.6M | $1.1M | |
| Net income | −$1.5M | $8.0M | $6.5M | $3.3M | −$6.3M | −$5.0M | |
| Diluted EPS | −$0.07 | $0.35 | $0.28 | $0.14 | −$0.28 | −$0.23 | |
| Gross margin | 13.2% | 12.0% | 11.1% | 10.8% | 11.3% | 10.2% | |
| Operating margin | 1.0% | 1.9% | 1.4% | 0.3% | 1.2% | 0.8% |
Fiscal years (4-quarter sums)FY23 $673.9M · FY24 $664.8M · FY25 $594.0M
Balance sheet, Jun 30, 2026Cash & short-term investments $127.0M · Total debt $2.9M · Total assets $168.0M · Shareholders' equity $109.2M
Dividends
No dividends on record.
Ownership
Shares outstanding 22.84M · Float 11.82M · 51.7% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Peng Xue | 45.58M | 21.40% | 13G | Feb 14, 2025 |
| CDH Venture Capital III Limited | 17.97M | 10.70% | 13G | Feb 9, 2026 |
| Susquehanna International Group, LLP | 6.50M | 28.44% | 13F | May 15, 2026 |
| Citadel Advisors LLC | 99.2K | 0.43% | 13F | May 15, 2026 |
| Renaissance Technologies LLC | 77.3K | 0.34% | 13F | May 14, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- JD.com (ADR)
On-demand retail and delivery through JD NOW and Dada Now
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| BingEx (ADR) | $1.96 | +0.51% | $44.8M | — | — | 0.1 | −3.1% |
| JD.com (ADR) | $28.63 | −0.35% | $40.35B | 19.0 | 8.8 | 0.2 | +2.5% |
| Median | 19.0 | 8.8 | 0.2 | +2.5% |



