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BingEx (Nasdaq: FLX) flips from Q2 profit to net loss in 2026

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6-K

Rhea-AI Filing Summary

BingEx Limited (Nasdaq: FLX), which operates China on-demand courier brand FlashEx, reported weaker results for the quarter ended June 30, 2026. Revenue was RMB940.3 million, down from RMB1,024.6 million a year earlier, and gross margin slipped to 10.2% from 12.0%.

Income from operations declined to RMB7.3 million from RMB19.3 million. A large negative swing in investment marks led to a net loss of RMB34.0 million, compared with net income of RMB53.5 million in the prior-year quarter. On a non-GAAP basis, which excludes fair-value changes and share-based compensation, net income was RMB11.4 million, down from RMB45.6 million.

Total operating expenses fell 14.6% to RMB88.3 million, driven mainly by lower selling and marketing and R&D costs. The company fulfilled 63.1 million orders and ended the quarter with RMB853.4 million in cash, restricted cash and short-term investments. Under its up-to US$30.0 million repurchase plan extended to April 1, 2027, it had bought back about 3.9 million ADSs for US$11.8 million by August 19, 2026.

Positive

  • Liquidity remains strong with RMB853.4 million in cash, restricted cash and short-term investments as of June 30, 2026, providing a solid buffer despite recent earnings volatility.

Negative

  • Results swung from RMB53.5 million net income in Q2 2025 to a RMB34.0 million net loss in Q2 2026, driven largely by adverse investment fair-value and short-term investment performance.
  • Non-GAAP profitability weakened, with non-GAAP net income dropping from RMB45.6 million to RMB11.4 million, indicating a substantial decline in underlying earnings.
  • Gross margin compressed from 12.0% to 10.2% year over year, reflecting increased pressure on unit economics amid intensifying market competition.

Filing Explained

For the six months ended June 30, 2026, BingEx reported a net loss of RMB76,571 thousand, versus income of RMB43,226 thousand a year earlier; on its stated non-GAAP basis, net income was RMB223 thousand, versus RMB95,223 thousand.

Revenue Q2 2026 RMB940.3 million Three months ended June 30, 2026; compared with RMB1,024.6 million in Q2 2025
Net income (loss) Q2 2026 RMB34.0 million loss Net loss for the three months ended June 30, 2026 vs RMB53.5 million income in Q2 2025
Non-GAAP net income Q2 2026 RMB11.4 million Non-GAAP net income for the three months ended June 30, 2026 vs RMB45.6 million in Q2 2025
Gross margin Q2 2026 10.2% Gross margin in Q2 2026 compared with 12.0% in the same period of 2025
Cash and short-term investments RMB853.4 million Cash and cash equivalents, restricted cash and short-term investments as of June 30, 2026
Orders fulfilled Q2 2026 63.1 million Number of orders fulfilled in the second quarter of 2026
Operating expenses Q2 2026 RMB88.3 million Total operating expenses in Q2 2026, down 14.6% from RMB103.4 million in Q2 2025
ADS repurchases 3.9 million ADSs for US$11.8 million Total repurchased as of August 19, 2026 under US$30.0 million authorization
non-GAAP net income financial
"Non-GAAP net income1 was RMB11.4 million (US$1.7 million) in the second quarter"
Non-GAAP net income is a company's profit figure that excludes certain costs or income that are included in standard accounting methods. Companies often use it to show what their earnings might look like without one-time expenses or other unusual items, helping investors see the company's core performance more clearly.
operating lease right-of-use assets financial
"Operating lease right-of-use assets | | | 25,087 | | | | 21,651"
An operating lease right-of-use (ROU) asset is an accounting entry that shows the value of a leased item you have the legal right to use—like a building, vehicle, or equipment—recorded on a company’s balance sheet along with the corresponding lease obligation. Investors care because it adds to reported assets and liabilities, changing measures like leverage and return on assets much like bringing a long-term rental onto the company’s financial snapshot, which can affect credit terms and valuation.
share-based compensation expenses financial
"The decrease was primarily attributable to the reduction in ... share-based compensation expenses."
Share-based compensation expenses are the accounting costs a company records when it pays employees, directors or contractors with company stock, stock options, or other equity instruments instead of cash. Investors care because these expenses reduce reported profits and can increase the number of outstanding shares, diluting ownership — like a business paying wages with gift cards that count as payroll cost and also add more gift cards in circulation.
redeemable noncontrolling interest financial
"Redeemable noncontrolling interest | | | - | | | | 5,065"
A redeemable noncontrolling interest is a minority ownership stake in a business that the minority owner can require to be bought back for cash or that must be redeemed under set conditions. Investors care because it is not permanent equity: it represents a foreseeable cash obligation and can reduce the parent company’s reported equity and available cash, much like a loan from a roommate you must repay on request rather than shared ownership of the house.
fair value of long-term investments financial
"Changes in fair value of long-term investments recorded losses of RMB41.7 million"
Revenue RMB940.3 million Down from RMB1,024.6 million in the same quarter of 2025.
Net income (loss) RMB34.0 million loss Reversed from RMB53.5 million net income in Q2 2025.
Non-GAAP net income RMB11.4 million Declined from RMB45.6 million in Q2 2025.
Gross margin 10.2% Narrowed from 12.0% in the prior-year quarter.

FAQ

How did BingEx Limited (FLX) perform financially in Q2 2026?
BingEx reported RMB940.3 million in revenue and a RMB34.0 million net loss for Q2 2026. A year earlier, it generated RMB1,024.6 million in revenue and RMB53.5 million in net income, highlighting both slower topline and a sharp earnings reversal.

What were BingEx (FLX)’s non-GAAP results for the second quarter of 2026?
Non-GAAP net income for Q2 2026 was RMB11.4 million, compared with RMB45.6 million a year earlier. Non-GAAP income from operations was RMB10.8 million, down from RMB31.9 million, reflecting weaker underlying profitability even after excluding fair-value and share-based compensation effects.

How strong is BingEx Limited (FLX)’s cash position as of June 30, 2026?
As of June 30, 2026, BingEx held RMB853.4 million in cash, cash equivalents, restricted cash and short-term investments. Total assets were RMB1,128.5 million, so liquid resources represent a substantial portion of the balance sheet, supporting operations and strategic flexibility.

What impacted BingEx (FLX)’s profitability in Q2 2026 compared with Q2 2025?
Profitability was hit by a RMB41.7 million loss from changes in fair value of long-term investments and a RMB2.4 million investment loss. In Q2 2025 these items were gains of RMB20.5 million and RMB9.2 million, respectively, driving a large year-over-year earnings swing.

How many orders did BingEx Limited (FLX) fulfill in Q2 2026 and what happened to margins?
BingEx fulfilled 63.1 million orders in Q2 2026. Gross profit was RMB95.5 million with a 10.2% gross margin, compared with RMB122.7 million and a 12.0% margin a year earlier, indicating reduced profitability per order amid competitive pressures.

What is the status of BingEx (FLX)’s share repurchase program as of August 19, 2026?
The board authorized repurchases of up to US$30.0 million of shares through April 1, 2027. By August 19, 2026, BingEx had repurchased about 3.9 million ADSs in the open market for an aggregate consideration of approximately US$11.8 million.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 6-K: How Foreign Companies Report to the SEC →

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2026

 

Commission File Number: 001-42291

 

 

 

BingEx Limited

(Registrant’s Name)

 

 

 

Building 6, Zhongguancun Dongsheng International Science Park

No. 1 Yongtaizhuang North Road

Haidian District, Beijing 100192

People’s Republic of China

(Address of Principal Executive Offices)

 

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒         Form 40-F ☐

 

 

 

 

 

 

EXHIBIT INDEX

 

Exhibit No.

  

Description

99.1   Press Release—BingEx Limited Announces Second Quarter 2026 Financial Results

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  BingEx Limited
       
  By  

/s/ Le Tang

  Name : Le Tang
  Title : Chief Financial Officer

 

Date: August 20, 2026

 

 

 

 

Exhibit 99.1

 

BingEx Limited Announces Second Quarter 2026 Financial Results

 

Beijing, China, August 20, 2026 – BingEx Limited (the “Company”) (Nasdaq: FLX), a leading on-demand dedicated courier service provider in China (branded as “FlashEx”), today announced its unaudited financial results for the second quarter ended June 30, 2026.

 

Second Quarter 2026 Highlights:

 

●Revenues were RMB940.3 million (US$138.6 million) in the second quarter of 2026, compared with RMB1,024.6 million in the same period of 2025.
   
●Gross profit was RMB95.5 million (US$14.1 million) in the second quarter of 2026, compared with RMB122.7 million in the same period of 2025.
   
●Income from operations was RMB7.3 million (US$1.1 million) in the second quarter of 2026, compared with RMB19.3 million in the same period of 2025.
   
●Non-GAAP income from operations[1] was RMB10.8 million (US$1.6 million) in the second quarter of 2026, compared with RMB31.9 million in the same period of 2025.
   
●Net loss was RMB34.0 million (US$5.0 million) in the second quarter of 2026, compared with net income of RMB53.5 million in the same period of 2025.
   
●Non-GAAP net income1 was RMB11.4 million (US$1.7 million) in the second quarter of 2026, compared with RMB45.6 million in the same period of 2025.
   
●The number of orders fulfilled was 63.1 million in the second quarter of 2026.

 

Mr. Adam Xue, Founder, Chairman, and Chief Executive Officer of FlashEx, commented, “In the second quarter of 2026, amid a persistently challenging market environment, we continued to optimize capacity allocation while expanding both our usage scenarios and service offerings. This drove a sequential recovery in our core operating metrics, with service scale and delivery efficiency improving in parallel. The quarter also marked a step forward in how AI is reshaping our business. Externally, we are embedding our fulfillment capability directly into emerging AI ecosystems, extending our reach to the point where user demand originates. Internally, AI has evolved from a set of isolated applications into a systemic capability that underpins the way our organization operates. Together with our low-altitude logistics business moving from pilot routes to multi-route commercial operation, these efforts position FlashEx to deliver sustainable long-term value for all stakeholders.”

 

Mr. Luke Tang, Chief Financial Officer of FlashEx, said, “Our differentiated on-demand dedicated courier model continued to demonstrate resilience as we further refined operations in the second quarter. We closed the quarter with RMB853.4 million in cash and short-term investments and had repurchased approximately 3.9 million ADSs for approximately US$11.8 million in aggregate as of August 19, 2026. As AI becomes increasingly embedded across the organization, we are confident it will support a structural improvement in our operating expense ratio over the long term.”

 

Second Quarter 2026 Financial Results

 

Revenues were RMB940.3 million (US$138.6 million) in the second quarter of 2026, compared with RMB1,024.6 million in the same period of 2025. The decrease was primarily driven by intensifying market competition.

 

Cost of revenues was RMB844.7 million (US$124.5 million), compared with RMB901.9 million in the same period of 2025. The decrease was in line with the decline in revenues.

 

Gross profit was RMB95.5 million (US$14.1 million), compared with RMB122.7 million in the same period of 2025. Gross profit margin was 10.2%, compared with 12.0% in the same period of 2025.

 

 

1 Non-GAAP income from operations, non-GAAP net income, non-GAAP net income attributable to ordinary shareholders, non-GAAP operating margin and non-GAAP net income margin are non-GAAP financial measures. For more information on non-GAAP financial measures, please see the section “Use of Non-GAAP Financial Measures” and the table captioned “Reconciliations of GAAP and Non-GAAP Results.”

 

1

 

 

Total operating expenses were RMB88.3 million (US$13.0 million), representing a decrease of 14.6% from RMB103.4 million in the same period of 2025.

 

Selling and marketing expenses were RMB36.6 million (US$5.4 million), representing a decrease of 24.0% from RMB48.2 million in the same period of 2025. The decrease was primarily attributable to the reduction in advertising expenses, staff costs and share-based payment expenses.

 

General and administrative expenses were relatively stable at RMB37.9 million (US$5.6 million), compared with RMB36.0 million in the same period of 2025.

 

Research and development expenses were RMB13.7 million (US$2.0 million), representing a decrease of 28.6% from RMB19.2 million in the same period of 2025. The decrease was primarily attributable to the reduction in share-based payment expenses and staff costs.

 

Income from operations was RMB7.3 million (US$1.1 million), compared with RMB19.3 million in the same period of 2025.

 

Non-GAAP income from operations1 was RMB10.8 million (US$1.6 million), compared with RMB31.9 million in the same period of 2025.

 

Changes in fair value of long-term investments recorded losses of RMB41.7 million (US$6.2 million), compared with earnings of RMB20.5 million in the same period of 2025, reflecting the decrease in the fair value measurement of long-term investments.

 

Investment loss was RMB2.4 million (US$0.4 million), compared with an investment income of RMB9.2 million in the same period of 2025, reflecting the decrease in the fair value of short-term investments.

 

Net loss was RMB34.0 million (US$5.0 million), compared with net income of RMB53.5 million in the same period of 2025.

 

Non-GAAP net income1 was RMB11.4 million (US$1.7 million), compared with RMB45.6 million in the same period of 2025.

 

Net loss attributable to ordinary shareholders was RMB34.0 million (US$5.0 million), compared with net income attributable to ordinary shareholders of RMB53.5 million in the same period of 2025.

 

Non-GAAP net income attributable to ordinary shareholders1 was RMB11.3 million (US$1.7 million), compared with RMB45.6 million in the same period of 2025.

 

Basic net loss per ordinary share was RMB0.17 (US$0.03).

 

Diluted net loss per ordinary share was RMB0.17 (US$0.03).

 

As of June 30, 2026, cash and cash equivalents, restricted cash and short-term investments were RMB853.4 million (US$125.8 million).

 

Update on Share Repurchase

 

On March 17, 2026, the Board of Directors approved a one-year extension of the Company’s existing share repurchase program. The Company is authorized to repurchase up to an aggregate of US$30.0 million worth of its shares until April 1, 2027. As of August 19, 2026, the Company had repurchased a total of approximately 3.9 million ADSs in the open market with cash for an aggregate consideration of approximately US$11.8 million.

 

Conference Call

 

The Company will host an earnings conference call on Thursday, August 20, 2026, at 8:00PM Beijing Time (8:00AM U.S. Eastern Time) to discuss the results.

 

Participants are required to pre-register for the conference call at:

 

https://register-conf.media-server.com/register/BI25d01e95418142d6be0cc75c8dbe6755

 

Upon registration, participants will receive an email containing participant dial-in numbers and a personal PIN to join the conference call.

 

A live webcast of the conference call will be available on the Company’s investor relations website at http://ir.ishansong.com, and a replay of the webcast will be available following the session.

 

2

 

 

About BingEx Limited

 

BingEx Limited (Nasdaq: FLX) is a pioneer in China in providing on-demand dedicated courier services for individual and business customers with superior time certainty, delivery safety and service quality. The company brands its services as “FlashEx,” or “闪送”. FlashEx has become synonymous with on-demand dedicated courier services in China. With a mission to make people’s lives better through its services, FlashEx remains dedicated to consistently providing a superior customer experience and offering a unique value proposition to all participants in its business.

 

For more information, please visit: http://ir.ishansong.com.

 

Use of Non-GAAP Financial Measures

 

To supplement our financial results presented in accordance with U.S. GAAP, we use non-GAAP financial measures, namely non-GAAP income from operations, non-GAAP net income, non-GAAP net income attributable to ordinary shareholders, non-GAAP operating margin and non-GAAP net income margin, as supplemental measures to evaluate our operating results and make financial and operational decisions. Non-GAAP income from operations represents income from operations excluding share-based compensation expenses. Non-GAAP operating margin is equal to non-GAAP income from operations divided by revenues. Non-GAAP net income represents net income (loss) excluding changes in fair value of long-term investments and share-based compensation expenses. Non-GAAP net income margin is equal to non-GAAP net income divided by revenues. Non-GAAP net income attributable to ordinary shareholders represents net income (loss) attributable to ordinary shareholders excluding changes in fair value of long-term investments and share-based compensation expenses.

 

By excluding the impact of changes in fair value of long-term investments and share-based compensation expenses, which are non-cash charges, we believe that non-GAAP financial measures help identify underlying trends in our business that could otherwise be distorted by the effect of certain earnings or losses that we include in results based on U.S. GAAP. We believe that non-GAAP financial measures provide useful information about our operating results, enhance the overall understanding of our past performance and future prospects and allow for greater visibility into key metrics used by our management in its financial and operational decision-making.

 

Our non-GAAP financial measures should be considered in addition to results prepared in accordance with U.S. GAAP but should not be considered a substitute for or superior to U.S. GAAP results. In addition, our calculation of non-GAAP financial information may be different from the calculation used by other companies, and therefore comparability may be limited.

 

Reconciliations of our non-GAAP results to our U.S. GAAP financial measures are set forth in tables at the end of this earnings release, which provide more details on the non-GAAP financial measures.

 

Exchange Rate Information

 

This announcement contains translations of certain RMB amounts into U.S. dollars (“USD”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to USD were made at the rate of RMB6.7851 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of June 30, 2026.

 

Safe Harbor Statement

 

This press release contains forward-looking statements. These statements are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, these forward-looking statements can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

 

Investor Relations Contact

 

In China:

 

BingEx Limited

Investor Relations

E-mail: ir@ishansong.com

 

Piacente Financial Communications

Helen Wu

Tel: +86-10-6508-0677

E-mail: FlashEx@thepiacentegroup.com

 

In the United States:

 

Piacente Financial Communications

Brandi Piacente

Tel: +1-212-481-2050

E-mail: FlashEx@thepiacentegroup.com

 

3

 

 

BINGEX LIMITED

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(Amounts in thousands, except for number of shares and per share data)

 

   December 31,   June 30, 
   2025   2026 
   RMB   RMB   USD 
ASSETS               
Current assets               
Cash and cash equivalents   561,127    574,424    84,660 
Restricted cash   91    130    19 
Short-term investments   390,353    278,833    41,095 
Accounts receivable   36,726    27,011    3,981 
Prepayments and other current assets   45,665    36,267    5,344 
Total current assets   1,033,962    916,665    135,099 
Non-current assets               
Long-term investments   224,404    185,637    27,360 
Property and equipment, net   1,941    1,502    221 
Operating lease right-of-use assets   25,087    21,651    3,191 
Other non-current assets   3,062    3,094    456 
Total non-current assets   254,494    211,884    31,228 
Total assets   1,288,456    1,128,549    166,327 
                
LIABILITIES               
Current liabilities               
Accounts payable   224,090    196,829    29,009 
Deferred revenue   60,541    56,579    8,339 
Operating lease liabilities, current   9,728    10,202    1,503 
Accrued expenses and other current liabilities   145,791    117,005    17,244 
Total current liabilities   440,150    380,615    56,095 
Non-current liabilities               
Operating lease liabilities, non-current   12,879    8,974    1,323 
Total non-current liabilities   12,879    8,974    1,323 
Total liabilities   453,029    389,589    57,418 
Redeemable noncontrolling interest   -    5,065    746 
Shareholders’ equity   835,427    733,895    108,163 
Total liabilities, redeemable noncontrolling interest and shareholders’ equity   1,288,456    1,128,549    166,327 

 

4

 

 

BINGEX LIMITED

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Amounts in thousands, except for number of shares and per share data)

 

   Three months ended June 30,   Six months ended June 30, 
   2025   2026   2026   2025   2026   2026 
   RMB   RMB   USD   RMB   RMB   USD 
                         
Revenues   1,024,558    940,258    138,577    1,985,320    1,875,553    276,422 
Cost of revenues   (901,866)   (844,723)   (124,497)   (1,735,954)   (1,674,186)   (246,744)
Gross Profit   122,692    95,535    14,080    249,366    201,367    29,678 
Operating expenses:                              
Selling and marketing expenses   (48,194)   (36,637)   (5,400)   (97,528)   (75,119)   (11,071)
General and administrative expenses   (35,952)   (37,916)   (5,588)   (73,849)   (77,802)   (11,467)
Research and development expenses   (19,234)   (13,728)   (2,023)   (48,716)   (30,199)   (4,451)
Total operating expenses   (103,380)   (88,281)   (13,011)   (220,093)   (183,120)   (26,989)
Income from operations   19,312    7,254    1,069    29,273    18,247    2,689 
Interest income   3,179    2,936    433    7,470    5,965    879 
Changes in fair value of long-term investments   20,539    (41,744)   (6,152)   (22,719)   (62,557)   (9,220)
Investment income (loss)   9,184    (2,394)   (353)   18,096    (38,545)   (5,681)
Other income   1,281    118    17    11,141    483    71 
Income (loss) before income taxes   53,495    (33,830)   (4,986)   43,261    (76,407)   (11,262)
Income tax expense   -    (141)   (21)   (35)   (164)   (24)
Net income (loss)   53,495    (33,971)   (5,007)   43,226    (76,571)   (11,286)
Net income attributable to redeemable noncontrolling interests   -    65    10    -    65    10 
Net income (loss) attributable to ordinary shareholders   53,495    (34,036)   (5,017)   43,226    (76,636)   (11,296)
Net earnings (loss) per ordinary share                              
– Basic   0.26    (0.17)   (0.03)   0.21    (0.38)   (0.06)
– Diluted   0.26    (0.17)   (0.03)   0.21    (0.38)   (0.06)
Weighted average number of shares outstanding used in computing net earnings (loss) per ordinary share                              
– Basic   208,488,138    201,353,244    201,353,244    208,454,128    201,803,741    201,803,741 
– Diluted   209,438,670    201,353,244    201,353,244    209,979,209    201,803,741    201,803,741 

 

5

 

 

BINGEX LIMITED

RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS

(Amounts in thousands, except for number of shares and per share data)

 

   Three months ended June 30,   Six months ended June 30, 
   2025   2026   2026   2025   2026   2026 
   RMB   RMB   USD   RMB   RMB   USD 
                         
Income from operations   19,312    7,254    1,069    29,273    18,247    2,689 
Add: Share-based compensation expenses   12,630    3,591    529    29,278    14,237    2,098 
Non-GAAP income from operations   31,942    10,845    1,598    58,551    32,484    4,787 
Operating margin   1.9%   0.8%        1.5%   1.0%     
Add: Share-based compensation expenses as a percentage of revenues   1.2%   0.4%        1.5%   0.8%     
Non-GAAP operating margin   3.1%   1.2%        3.0%   1.8%     
                               
Net income (loss)   53,495    (33,971)   (5,007)   43,226    (76,571)   (11,286)
Add: Changes in fair value of long-term investments   (20,539)   41,744    6,152    22,719    62,557    9,220 
Add: Share-based compensation expenses   12,630    3,591    529    29,278    14,237    2,098 
Non-GAAP net income   45,586    11,364    1,674    95,223    223    32 
Net income (loss) margin   5.2%   -3.6%        2.2%   -4.1%     
Add: Changes in fair value of long-term investments as a percentage of revenues   -2.0%   4.4%        1.1%   3.3%     
Add: Share-based compensation expenses as a percentage of revenues   1.2%   0.4%        1.5%   0.8%     
Non-GAAP net income margin   4.4%   1.2%        4.8%   0.0%     
                               
Net income (loss) attributable to ordinary shareholders   53,495    (34,036)   (5,017)   43,226    (76,636)   (11,296)
Add: Changes in fair value of long-term investments   (20,539)   41,744    6,152    22,719    62,557    9,220 
Add: Share-based compensation expenses   12,630    3,591    529    29,278    14,237    2,098 
Non-GAAP net income attributable to ordinary shareholders   45,586    11,299    1,664    95,223    158    22 

 

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Source: View Original Filing on SEC EDGAR

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