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Side-by-side financial comparison of BingEx Ltd (FLX) and JBG SMITH Properties (JBGS). Click either name above to swap in a different company.

BingEx Ltd is the larger business by last-quarter revenue ($143.2M vs $127.6M, roughly 1.1× JBG SMITH Properties). BingEx Ltd runs the higher net margin — 2.2% vs -35.7%, a 37.9% gap on every dollar of revenue.

FLX vs JBGS — Head-to-Head

Bigger by revenue
FLX
FLX
1.1× larger
FLX
$143.2M
$127.6M
JBGS
Higher net margin
FLX
FLX
37.9% more per $
FLX
2.2%
-35.7%
JBGS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FLX
FLX
JBGS
JBGS
Revenue
$143.2M
$127.6M
Net Profit
$3.2M
$-45.5M
Gross Margin
10.8%
Operating Margin
-47.5%
Net Margin
2.2%
-35.7%
Revenue YoY
-2.5%
Net Profit YoY
24.0%
EPS (diluted)
$-0.76

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
JBGS
JBGS
Q1 26
$143.2M
Q4 25
$127.6M
Q3 25
$141.2M
$123.9M
Q2 25
$143.0M
$126.5M
Q1 25
$141.0M
$120.7M
Q4 24
$130.8M
Q3 24
$164.6M
$136.0M
Q2 24
$135.3M
Net Profit
FLX
FLX
JBGS
JBGS
Q1 26
$3.2M
Q4 25
$-45.5M
Q3 25
$6.1M
$-28.6M
Q2 25
$7.5M
$-19.2M
Q1 25
$27.6M
$-45.7M
Q4 24
$-59.9M
Q3 24
$3.4M
$-27.0M
Q2 24
$-24.4M
Gross Margin
FLX
FLX
JBGS
JBGS
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
JBGS
JBGS
Q1 26
Q4 25
-47.5%
Q3 25
1.4%
-27.5%
Q2 25
1.9%
-18.4%
Q1 25
-44.7%
Q4 24
-53.6%
Q3 24
4.0%
-22.4%
Q2 24
-24.3%
Net Margin
FLX
FLX
JBGS
JBGS
Q1 26
2.2%
Q4 25
-35.7%
Q3 25
4.4%
-23.1%
Q2 25
5.2%
-15.2%
Q1 25
19.6%
-37.9%
Q4 24
-45.8%
Q3 24
2.1%
-19.8%
Q2 24
-18.0%
EPS (diluted)
FLX
FLX
JBGS
JBGS
Q1 26
Q4 25
$-0.76
Q3 25
$-0.48
Q2 25
$-0.29
Q1 25
$-0.56
Q4 24
$-0.70
Q3 24
$-0.32
Q2 24
$-0.27

Balance Sheet & Financial Strength

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

Metric
FLX
FLX
JBGS
JBGS
Cash + ST InvestmentsLiquidity on hand
$561.1M
$75.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
Total Assets
$1.3B
$4.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLX
FLX
JBGS
JBGS
Q1 26
$561.1M
Q4 25
$75.3M
Q3 25
$628.6M
$64.4M
Q2 25
$499.4M
$61.4M
Q1 25
$592.4M
$81.3M
Q4 24
$145.8M
Q3 24
$517.4M
$137.0M
Q2 24
$163.5M
Stockholders' Equity
FLX
FLX
JBGS
JBGS
Q1 26
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.3B
Q1 25
$1.6B
Q4 24
$1.8B
Q3 24
$1.9B
Q2 24
$2.0B
Total Assets
FLX
FLX
JBGS
JBGS
Q1 26
$1.3B
Q4 25
$4.4B
Q3 25
$1.3B
$4.4B
Q2 25
$1.2B
$4.5B
Q1 25
$1.2B
$4.7B
Q4 24
$5.0B
Q3 24
$926.8M
$5.2B
Q2 24
$5.3B

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
JBGS
JBGS
Operating Cash FlowLast quarter
$73.3M
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.

Operating Cash Flow
FLX
FLX
JBGS
JBGS
Q1 26
Q4 25
$73.3M
Q3 25
$8.9M
Q2 25
$18.8M
Q1 25
$12.9M
Q4 24
$129.4M
Q3 24
$26.4M
Q2 24
$23.8M

Financial Flow Comparison

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

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