BingEx Ltd Q4 2025 Earnings Call Highlights: Surging Profits Amidst Revenue Challenges

BingEx Ltd (NASDAQ:FLX) reported Q4 2025 total revenue of RMB1 billion, with a gross margin of 10.8% and adjusted net profit of RMB41.6 million, a 107.1% YoY increase. The company achieved non-GAAP net income profitability for the third consecutive year and expanded its service network to 298 cities across China. However, total revenues for the full year 2025 decreased to RMB4 billion from RMB4.5 billion in 2024, and the company faces intense competition in the on-demand delivery industry.