BingEx Financials
This page shows BingEx (FLX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
BingEx has an operating margin of -0.6%, meaning the company retains $-1 of operating profit per $100 of revenue. This below-average margin results in a low score of 21/100, suggesting thin profitability after operating expenses.
BingEx carries a low D/E ratio of 0.65, meaning only $0.65 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 89/100, indicating a strong balance sheet with room for future borrowing.
BingEx's current ratio of 1.87 indicates adequate short-term liquidity, earning a score of 33/100. The company can meet its near-term obligations, though with limited headroom.
BingEx's free cash flow margin of 0.0% results in a low score of 25/100. Capital expenditures of $156K absorb a large share of operating cash flow.
BingEx generates a -19.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100.
For every $1 of reported earnings, BingEx generates $-0.01 in operating cash flow ($300K OCF vs -$20.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
BingEx earns $-1.2 in operating income for every $1 of interest expense (-$3.5M vs $2.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
BingEx generated $612.1M in revenue in fiscal year 2024.
BingEx's EBITDA was -$3.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
BingEx reported -$20.1M in net income in fiscal year 2024.
Cash & Balance Sheet
BingEx generated $144K in free cash flow in fiscal year 2024, representing cash available after capex.
BingEx held $81.2M in cash against $0 in long-term debt as of fiscal year 2024.
BingEx had 213M shares outstanding in fiscal year 2024.
Margins & Returns
BingEx's gross margin was 11.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs.
BingEx's operating margin was -0.6% in fiscal year 2024, reflecting core business profitability.
BingEx's net profit margin was -3.3% in fiscal year 2024, showing the share of revenue converted to profit.
BingEx's ROE was -19.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.
Capital Allocation
BingEx invested $19.7M in research and development in fiscal year 2024.
BingEx invested $156K in capex in fiscal year 2024, funding long-term assets and infrastructure.
FLX Income Statement
| Metric | Q4'24 |
|---|---|
| Revenue | N/A |
| Cost of Revenue | N/A |
| Gross Profit | N/A |
| R&D Expenses | N/A |
| SG&A Expenses | N/A |
| Operating Income | N/A |
| Interest Expense | N/A |
| Income Tax | N/A |
| Net Income | N/A |
| EPS (Diluted) | N/A |
FLX Balance Sheet
| Metric | Q4'24 |
|---|---|
| Total Assets | $169.3M |
| Current Assets | $117.6M |
| Cash & Equivalents | $81.2M |
| Inventory | N/A |
| Accounts Receivable | $2.3M |
| Goodwill | N/A |
| Total Liabilities | $66.9M |
| Current Liabilities | $62.9M |
| Long-Term Debt | N/A |
| Total Equity | $102.3M |
| Retained Earnings | -$351.5M |
FLX Cash Flow Statement
| Metric | Q4'24 |
|---|---|
| Operating Cash Flow | N/A |
| Capital Expenditures | N/A |
| Free Cash Flow | N/A |
| Investing Cash Flow | N/A |
| Financing Cash Flow | N/A |
| Dividends Paid | N/A |
| Share Buybacks | N/A |
FLX Financial Ratios
| Metric | Q4'24 |
|---|---|
| Gross Margin | N/A |
| Operating Margin | N/A |
| Net Margin | N/A |
| Return on Equity | N/A |
| Return on Assets | N/A |
| Current Ratio | 1.87 |
| Debt-to-Equity | 0.65 |
| FCF Margin | N/A |
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Frequently Asked Questions
What is BingEx's annual revenue?
BingEx (FLX) reported $612.1M in total revenue for fiscal year 2024. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is BingEx profitable?
No, BingEx (FLX) reported a net income of -$20.1M in fiscal year 2024, with a net profit margin of -3.3%.
What is BingEx's EBITDA?
BingEx (FLX) had EBITDA of -$3.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is BingEx's gross margin?
BingEx (FLX) had a gross margin of 11.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is BingEx's operating margin?
BingEx (FLX) had an operating margin of -0.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is BingEx's net profit margin?
BingEx (FLX) had a net profit margin of -3.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is BingEx's return on equity (ROE)?
BingEx (FLX) has a return on equity of -19.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is BingEx's free cash flow?
BingEx (FLX) generated $144K in free cash flow during fiscal year 2024. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is BingEx's operating cash flow?
BingEx (FLX) generated $300K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are BingEx's total assets?
BingEx (FLX) had $169.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What are BingEx's capital expenditures?
BingEx (FLX) invested $156K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does BingEx spend on research and development?
BingEx (FLX) invested $19.7M in research and development during fiscal year 2024.
What is BingEx's current ratio?
BingEx (FLX) had a current ratio of 1.87 as of fiscal year 2024, which is generally considered healthy.
What is BingEx's debt-to-equity ratio?
BingEx (FLX) had a debt-to-equity ratio of 0.65 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is BingEx's return on assets (ROA)?
BingEx (FLX) had a return on assets of -11.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
Are BingEx's earnings high quality?
BingEx (FLX) has an earnings quality ratio of -0.01x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can BingEx cover its interest payments?
BingEx (FLX) has an interest coverage ratio of -1.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is BingEx?
BingEx (FLX) scores 34 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.