BingEx Limited (NASDAQ: FLX) Q1 2025 Earnings | May 22, 2025

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BingEx Limited (Nasdaq: FLX), a leading on-demand dedicated courier service provider in China branded as FlashEx, reported its Q1 2025 financial results on May 22, 2025. The company posted revenues of RMB 960.8 million (US$132.4 million), down 13.3% year-over-year from RMB 1,107.7 million, primarily due to reduced order volumes amid intensified market competition. Gross profit was RMB 126.7 million (US$17.5 million), slightly lower than the previous year, but gross profit margin improved to 13.2% from 11.8%, reflecting enhanced operational efficiency. BingEx recorded a net loss of RMB 10.3 million (US$1.4 million) compared to net income of RMB 64.6 million a year ago, impacted by a 27% increase in operating expenses driven by higher share-based compensation and professional fees, as well as a fair value loss on long-term investments. The company fulfilled 58.0 million orders during the quarter and ended with a strong cash position of RMB 787.2 million (US$108.5 million). CEO Adam Xue highlighted the company’s focus on improving service quality, expanding its footprint in lower-tier cities, and pursuing innovative cross-industry collaborations to deepen market penetration. CFO Luke Tang emphasized disciplined financial management and operational efficiency as key to sustaining long-term growth. Outlook: Continued expansion in lower-tier cities to capture untapped demand Focus on user-centric service improvements and operational excellence Strategic investments to enhance brand and service capabilities About Inside Ticker: For more expert analysis and real-time updates on BingEx Limited (Nasdaq: FLX) and other market movers, follow Inside Ticker and visit InsideTicker.com for in-depth reports, financial insights, and the latest news on leading companies. #BingEx #FLX #Q12025 #EarningsCall #CourierService #Logistics #China #FinancialResults #FlashEx #InsideTicker