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Side-by-side financial comparison of BingEx Ltd (FLX) and Hippo Holdings Inc. (HIPO). Click either name above to swap in a different company.

BingEx Ltd is the larger business by last-quarter revenue ($143.2M vs $120.4M, roughly 1.2× Hippo Holdings Inc.). Hippo Holdings Inc. runs the higher net margin — 5.0% vs 2.2%, a 2.7% gap on every dollar of revenue.

Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.

FLX vs HIPO — Head-to-Head

Bigger by revenue
FLX
FLX
1.2× larger
FLX
$143.2M
$120.4M
HIPO
Higher net margin
HIPO
HIPO
2.7% more per $
HIPO
5.0%
2.2%
FLX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FLX
FLX
HIPO
HIPO
Revenue
$143.2M
$120.4M
Net Profit
$3.2M
$6.0M
Gross Margin
10.8%
Operating Margin
5.6%
Net Margin
2.2%
5.0%
Revenue YoY
18.2%
Net Profit YoY
-86.4%
EPS (diluted)
$0.31

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.

Revenue
FLX
FLX
HIPO
HIPO
Q1 26
$143.2M
Q4 25
$120.4M
Q3 25
$141.2M
$120.6M
Q2 25
$143.0M
$117.3M
Q1 25
$141.0M
$110.3M
Q4 24
$101.9M
Q3 24
$164.6M
$95.5M
Q2 24
$89.6M
Net Profit
FLX
FLX
HIPO
HIPO
Q1 26
$3.2M
Q4 25
$6.0M
Q3 25
$6.1M
$98.1M
Q2 25
$7.5M
$1.3M
Q1 25
$27.6M
$-47.7M
Q4 24
$44.2M
Q3 24
$3.4M
$-8.5M
Q2 24
$-40.5M
Gross Margin
FLX
FLX
HIPO
HIPO
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
Operating Margin
FLX
FLX
HIPO
HIPO
Q1 26
Q4 25
5.6%
Q3 25
1.4%
81.3%
Q2 25
1.9%
3.4%
Q1 25
-41.3%
Q4 24
46.3%
Q3 24
4.0%
-5.4%
Q2 24
-40.7%
Net Margin
FLX
FLX
HIPO
HIPO
Q1 26
2.2%
Q4 25
5.0%
Q3 25
4.4%
81.3%
Q2 25
5.2%
1.1%
Q1 25
19.6%
-43.2%
Q4 24
43.4%
Q3 24
2.1%
-8.9%
Q2 24
-45.2%
EPS (diluted)
FLX
FLX
HIPO
HIPO
Q1 26
Q4 25
$0.31
Q3 25
$3.77
Q2 25
$0.05
Q1 25
$-1.91
Q4 24
$1.81
Q3 24
$-0.34
Q2 24
$-1.64

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FLX
FLX
HIPO
HIPO
Cash + ST InvestmentsLiquidity on hand
$561.1M
$218.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$436.1M
Total Assets
$1.3B
$1.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLX
FLX
HIPO
HIPO
Q1 26
$561.1M
Q4 25
$218.3M
Q3 25
$628.6M
$247.7M
Q2 25
$499.4M
$198.9M
Q1 25
$592.4M
$140.9M
Q4 24
$197.6M
Q3 24
$517.4M
$191.2M
Q2 24
$175.9M
Stockholders' Equity
FLX
FLX
HIPO
HIPO
Q1 26
Q4 25
$436.1M
Q3 25
$421.5M
Q2 25
$332.5M
Q1 25
$322.8M
Q4 24
$362.1M
Q3 24
$326.4M
Q2 24
$322.6M
Total Assets
FLX
FLX
HIPO
HIPO
Q1 26
$1.3B
Q4 25
$1.9B
Q3 25
$1.3B
$1.9B
Q2 25
$1.2B
$1.7B
Q1 25
$1.2B
$1.5B
Q4 24
$1.5B
Q3 24
$926.8M
$1.5B
Q2 24
$1.5B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FLX
FLX
HIPO
HIPO
Operating Cash FlowLast quarter
$9.2M
Free Cash FlowOCF − Capex
$9.1M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.53×
TTM Free Cash FlowTrailing 4 quarters
$14.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLX
FLX
HIPO
HIPO
Q1 26
Q4 25
$9.2M
Q3 25
$16.9M
Q2 25
$24.7M
Q1 25
$-35.6M
Q4 24
$47.5M
Q3 24
$46.8M
Q2 24
$-10.6M
Free Cash Flow
FLX
FLX
HIPO
HIPO
Q1 26
Q4 25
$9.1M
Q3 25
$16.8M
Q2 25
$24.6M
Q1 25
$-35.7M
Q4 24
$47.2M
Q3 24
Q2 24
$-10.7M
FCF Margin
FLX
FLX
HIPO
HIPO
Q1 26
Q4 25
7.6%
Q3 25
13.9%
Q2 25
21.0%
Q1 25
-32.4%
Q4 24
46.3%
Q3 24
Q2 24
-11.9%
Capex Intensity
FLX
FLX
HIPO
HIPO
Q1 26
Q4 25
0.1%
Q3 25
0.1%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.3%
Q3 24
0.0%
Q2 24
0.1%
Cash Conversion
FLX
FLX
HIPO
HIPO
Q1 26
Q4 25
1.53×
Q3 25
0.17×
Q2 25
19.00×
Q1 25
Q4 24
1.07×
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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