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Side-by-side financial comparison of AlTi Global, Inc. (ALTI) and BingEx Ltd (FLX). Click either name above to swap in a different company.
BingEx Ltd is the larger business by last-quarter revenue ($143.2M vs $86.6M, roughly 1.7× AlTi Global, Inc.). BingEx Ltd runs the higher net margin — 2.2% vs -15.1%, a 17.4% gap on every dollar of revenue.
Cristal Global is the world's second-largest producer of titanium dioxide and a leading producer of titanium chemicals. It was formed when The National Titanium Dioxide Company Ltd. combined with Millennium Chemicals. The headquarters are in Jeddah, Saudi Arabia. It is a significant shareholder in Bemax, the world’s 5th largest TiO2 feedstock producer.
ALTI vs FLX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $86.6M | $143.2M |
| Net Profit | $-13.1M | $3.2M |
| Gross Margin | — | 10.8% |
| Operating Margin | -2.1% | — |
| Net Margin | -15.1% | 2.2% |
| Revenue YoY | 87.0% | — |
| Net Profit YoY | 75.6% | — |
| EPS (diluted) | — | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $143.2M | ||
| Q4 25 | $86.6M | — | ||
| Q3 25 | $57.2M | $141.2M | ||
| Q2 25 | $53.1M | $143.0M | ||
| Q1 25 | $58.0M | $141.0M | ||
| Q4 24 | $46.3M | — | ||
| Q3 24 | $51.8M | $164.6M | ||
| Q2 24 | $49.5M | — |
| Q1 26 | — | $3.2M | ||
| Q4 25 | $-13.1M | — | ||
| Q3 25 | $-84.1M | $6.1M | ||
| Q2 25 | $-24.4M | $7.5M | ||
| Q1 25 | $1.9M | $27.6M | ||
| Q4 24 | $-53.8M | — | ||
| Q3 24 | $-72.5M | $3.4M | ||
| Q2 24 | $-6.4M | — |
| Q1 26 | — | 10.8% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 11.1% | ||
| Q2 25 | — | 12.0% | ||
| Q1 25 | — | 10.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 11.3% | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | -2.1% | — | ||
| Q3 25 | -49.8% | 1.4% | ||
| Q2 25 | -56.7% | 1.9% | ||
| Q1 25 | -23.3% | — | ||
| Q4 24 | -42.7% | — | ||
| Q3 24 | -18.4% | 4.0% | ||
| Q2 24 | -30.2% | — |
| Q1 26 | — | 2.2% | ||
| Q4 25 | -15.1% | — | ||
| Q3 25 | -147.0% | 4.4% | ||
| Q2 25 | -45.9% | 5.2% | ||
| Q1 25 | 3.3% | 19.6% | ||
| Q4 24 | -116.1% | — | ||
| Q3 24 | -140.0% | 2.1% | ||
| Q2 24 | -12.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-0.33 | — | ||
| Q1 25 | $-0.04 | — | ||
| Q4 24 | $-0.71 | — | ||
| Q3 24 | $-0.88 | — | ||
| Q2 24 | $-0.18 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.2M | $561.1M |
| Total DebtLower is stronger | $883.0K | — |
| Stockholders' EquityBook value | $600.1M | — |
| Total Assets | $1.2B | $1.3B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $561.1M | ||
| Q4 25 | $41.2M | — | ||
| Q3 25 | $35.8M | $628.6M | ||
| Q2 25 | $42.4M | $499.4M | ||
| Q1 25 | $52.8M | $592.4M | ||
| Q4 24 | $64.4M | — | ||
| Q3 24 | $220.6M | $517.4M | ||
| Q2 24 | $60.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $883.0K | — | ||
| Q3 25 | $586.0K | — | ||
| Q2 25 | $673.0K | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $128.4M | — | ||
| Q2 24 | $164.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $600.1M | — | ||
| Q3 25 | $607.2M | — | ||
| Q2 25 | $685.4M | — | ||
| Q1 25 | $665.2M | — | ||
| Q4 24 | $658.4M | — | ||
| Q3 24 | $707.0M | — | ||
| Q2 24 | $540.2M | — |
| Q1 26 | — | $1.3B | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.4B | $926.8M | ||
| Q2 24 | $1.3B | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.30× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-51.4M | — |
| Free Cash FlowOCF − Capex | $-52.2M | — |
| FCF MarginFCF / Revenue | -60.3% | — |
| Capex IntensityCapex / Revenue | 0.9% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-51.4M | — | ||
| Q3 25 | $-53.5M | — | ||
| Q2 25 | $-19.9M | — | ||
| Q1 25 | $-30.2M | — | ||
| Q4 24 | $-50.7M | — | ||
| Q3 24 | $-4.9M | — | ||
| Q2 24 | $-30.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | $-52.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-20.0M | — | ||
| Q1 25 | $-31.0M | — | ||
| Q4 24 | $-58.2M | — | ||
| Q3 24 | $-9.4M | — | ||
| Q2 24 | $-31.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | -60.3% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -37.6% | — | ||
| Q1 25 | -53.4% | — | ||
| Q4 24 | -125.7% | — | ||
| Q3 24 | -18.2% | — | ||
| Q2 24 | -63.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 16.3% | — | ||
| Q3 24 | 8.7% | — | ||
| Q2 24 | 2.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -15.80× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALTI
| Management Advisory Fees | $51.1M | 59% |
| Other | $32.7M | 38% |
| Distributions From Investments | $2.9M | 3% |
FLX
Segment breakdown not available.
