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Side-by-side financial comparison of BingEx Ltd (FLX) and HA Sustainable Infrastructure Capital, Inc. (HASI). Click either name above to swap in a different company.
BingEx Ltd is the larger business by last-quarter revenue ($143.2M vs $114.8M, roughly 1.2× HA Sustainable Infrastructure Capital, Inc.). BingEx Ltd runs the higher net margin — 2.2% vs -46.8%, a 49.1% gap on every dollar of revenue.
HA Sustainable Infrastructure Capital, Inc. (HASI) is a specialized investment firm focused on sustainable infrastructure assets covering renewable energy, energy efficiency, sustainable real estate and low-carbon utility segments. It primarily operates in North American markets, providing long-term capital to eligible sustainable projects and delivering stable risk-adjusted returns to investors through recurring cash flows from operational underlying assets.
FLX vs HASI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.2M | $114.8M |
| Net Profit | $3.2M | $-53.8M |
| Gross Margin | 10.8% | — |
| Operating Margin | — | -57.4% |
| Net Margin | 2.2% | -46.8% |
| Revenue YoY | — | 13.3% |
| Net Profit YoY | — | -176.7% |
| EPS (diluted) | — | $-0.38 |
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 | — | $114.8M | ||
| Q3 25 | $141.2M | $103.1M | ||
| Q2 25 | $143.0M | $85.7M | ||
| Q1 25 | $141.0M | $96.9M | ||
| Q4 24 | — | $101.3M | ||
| Q3 24 | $164.6M | $82.0M | ||
| Q2 24 | — | $94.5M |
| Q1 26 | $3.2M | — | ||
| Q4 25 | — | $-53.8M | ||
| Q3 25 | $6.1M | $83.3M | ||
| Q2 25 | $7.5M | $98.4M | ||
| Q1 25 | $27.6M | $56.6M | ||
| Q4 24 | — | $70.1M | ||
| Q3 24 | $3.4M | $-19.6M | ||
| Q2 24 | — | $26.5M |
| 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 | — | -57.4% | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | — | 84.7% | ||
| Q4 24 | — | 90.9% | ||
| Q3 24 | 4.0% | -32.1% | ||
| Q2 24 | — | 39.5% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | — | -46.8% | ||
| Q3 25 | 4.4% | 80.8% | ||
| Q2 25 | 5.2% | 114.9% | ||
| Q1 25 | 19.6% | 58.4% | ||
| Q4 24 | — | 69.2% | ||
| Q3 24 | 2.1% | -23.9% | ||
| Q2 24 | — | 28.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | $-0.38 | ||
| Q3 25 | — | $0.61 | ||
| Q2 25 | — | $0.74 | ||
| Q1 25 | — | $0.44 | ||
| Q4 24 | — | $0.58 | ||
| Q3 24 | — | $-0.17 | ||
| Q2 24 | — | $0.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $561.1M | $110.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $2.7B |
| Total Assets | $1.3B | $8.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $561.1M | — | ||
| Q4 25 | — | $110.2M | ||
| Q3 25 | $628.6M | $301.8M | ||
| Q2 25 | $499.4M | $86.5M | ||
| Q1 25 | $592.4M | $67.4M | ||
| Q4 24 | — | $129.8M | ||
| Q3 24 | $517.4M | $44.1M | ||
| Q2 24 | — | $145.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $8.2B | ||
| Q3 25 | $1.3B | $8.2B | ||
| Q2 25 | $1.2B | $7.6B | ||
| Q1 25 | $1.2B | $7.5B | ||
| Q4 24 | — | $7.1B | ||
| Q3 24 | $926.8M | $6.7B | ||
| Q2 24 | — | $6.7B |
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 | — | $167.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $167.3M | ||
| Q3 25 | — | $-121.8M | ||
| Q2 25 | — | $79.6M | ||
| Q1 25 | — | $-37.1M | ||
| Q4 24 | — | $5.9M | ||
| Q3 24 | — | $21.9M | ||
| Q2 24 | — | $-24.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -1.46× | ||
| Q2 25 | — | 0.81× | ||
| Q1 25 | — | -0.66× | ||
| Q4 24 | — | 0.08× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -0.94× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
