NYSE : MOGU
MOGU Inc. — Financial statements
Consumer Discretionary · Internet Retail · China
Last price 1.89 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 15.47M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
MOGU Inc. (MOGU) reported revenue of 125.43M CNY (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in CNY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 99.60M | 99.60M | 133.81M | 153.30M | 219.33M | 322.56M |
| Other Revenue | 25.84M | 25.84M | 7.42M | 7.05M | 12.75M | 14.91M |
| Revenue | 125.43M | 125.43M | 141.23M | 160.34M | 232.08M | 337.47M |
| Cost of Revenue | 89.58M | 89.58M | 84.76M | 91.19M | 113.88M | 159.60M |
| Gross Profit | 35.85M | 35.85M | 56.47M | 69.15M | 118.19M | 177.87M |
| Selling, General & Admin | 86.95M | 86.95M | 114.63M | 122.54M | 131.15M | 227.59M |
| Research & Development | 28.78M | 28.78M | 29.97M | 26.72M | 37.07M | 82.64M |
| Amortization of Goodwill & Intangibles | 176.00K | 176.00K | 156.00K | 1.90M | 59.99M | 328.15M |
| Other Operating Expenses | -9.55M | -9.55M | -5.04M | -12.62M | -15.31M | -24.66M |
| Operating Expenses | 106.35M | 106.35M | 139.72M | 138.54M | 212.90M | 613.72M |
| Operating Income | -70.50M | -70.50M | -83.25M | -69.39M | -94.71M | -435.85M |
| Interest Expense | -11.00K | -11.00K | -1.00K | -191.00K | -598.00K | |
| Interest & Investment Income | 44.55M | 44.55M | 43.95M | 13.67M | 17.39M | 14.13M |
| Earnings From Equity Investments | 3.91M | 3.91M | -2.55M | -2.89M | 883.00K | -539.00K |
| Currency Exchange Gain (Loss) | -1.73M | -1.73M | -183.00K | 46.00K | -8.55M | 1.21M |
| EBT Excluding Unusual Items | -23.78M | -23.78M | -42.02M | -58.75M | -85.58M | -421.04M |
| Impairment of Goodwill | -63.46M | -186.50M | ||||
| Gain (Loss) on Sale of Investments | -18.61M | |||||
| Gain (Loss) on Sale of Assets | 33.13M | 33.13M | 241.00K | 118.00K | 503.00K | -448.00K |
| Asset Writedown | -17.95M | -9.95M | -21.23M | -48.89M | ||
| Pretax Income | 9.35M | 9.35M | -59.73M | -68.58M | -188.39M | -656.89M |
| Income Tax Expense | 6.13M | 6.13M | 839.00K | -1.62M | -1.98M | -14.51M |
| Earnings From Continuing Operations | 3.22M | 3.22M | -60.57M | -66.96M | -186.41M | -642.37M |
| Minority Interest in Earnings | -1.38M | -1.38M | -1.98M | 7.67M | 8.42M | 2.57M |
| Net Income | 1.84M | 1.84M | -62.56M | -59.28M | -177.98M | -639.80M |
| Net Income to Common | 1.84M | 1.84M | -62.56M | -59.28M | -177.98M | -639.80M |
| Shares Outstanding (Basic) | 8.18M | 8.18M | 8.76M | 8.66M | 8.51M | 8.40M |
| Shares Outstanding (Diluted) | 8.79M | 8.79M | 8.76M | 8.66M | 8.51M | 8.40M |
| EPS (Basic) | 0.23 | 0.23 | -7.14 | -6.85 | -20.90 | -76.17 |
| EPS (Diluted) | 0.21 | 0.21 | -7.14 | -6.85 | -21.00 | -76.17 |
| Free Cash Flow | -51.51M | -51.51M | -78.00M | -134.62M | -29.05M | -169.55M |
| Free Cash Flow Per Share | -5.86 | -5.86 | -8.90 | -15.55 | -3.41 | -20.18 |
| Gross Margin | 28.58% | 28.58% | 39.98% | 43.13% | 50.93% | 52.71% |
| Operating Margin | -56.20% | -56.20% | -58.94% | -43.28% | -40.81% | -129.15% |
| Profit Margin | 1.47% | 1.47% | -44.29% | -36.97% | -76.69% | -189.59% |
| Free Cash Flow Margin | -41.07% | -41.07% | -55.23% | -83.95% | -12.52% | -50.24% |
| EBITDA | -59.03M | -59.03M | -71.64M | -59.40M | -29.41M | -102.30M |
| EBITDA Margin | -47.06% | -47.06% | -50.72% | -37.05% | -12.67% | -30.31% |
| D&A For EBITDA | 11.46M | 11.46M | 11.61M | 9.99M | 65.30M | 333.55M |
| EBIT | -70.50M | -70.50M | -83.25M | -69.39M | -94.71M | -435.85M |
| EBIT Margin | -56.20% | -56.20% | -58.94% | -43.28% | -40.81% | -129.15% |
| Effective Tax Rate | 65.56% | 65.56% | ||||
| Revenue as Reported | 125.43M | 125.43M | 141.23M | 160.34M | 232.08M | 337.47M |
Balance sheet
Fiscal year April - March; amounts in CNY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 133.63M | 133.63M | 82.02M | 358.79M | 416.20M | 438.61M |
| Short-Term Investments | 162.31M | 162.31M | 298.56M | 61.82M | 148.49M | 199.37M |
| Cash & Short-Term Investments | 295.94M | 295.94M | 380.58M | 420.61M | 564.69M | 637.98M |
| Accounts Receivable | 501.00K | 587.00K | ||||
| Other Receivables | 4.84M | 4.84M | 16.98M | 23.96M | 39.04M | 41.68M |
| Receivables | 40.12M | 40.12M | 100.36M | 56.78M | 72.74M | 69.14M |
| Inventory | 46.00K | 46.00K | 11.00K | 98.00K | 144.00K | 79.00K |
| Prepaid Expenses | 1.72M | 1.72M | 1.88M | 26.55M | 20.24M | 5.15M |
| Restricted Cash | 511.00K | 511.00K | 511.00K | 511.00K | 810.00K | 809.00K |
| Other Current Assets | 3.79M | 3.79M | 2.21M | 3.27M | 6.98M | 5.76M |
| Total Current Assets | 342.12M | 342.12M | 485.56M | 507.81M | 665.61M | 718.91M |
| Property, Plant & Equipment | 275.03M | 275.03M | 282.22M | 302.32M | 200.03M | 7.70M |
| Long-Term Investments | 165.01M | 165.01M | 49.97M | 81.81M | 69.32M | 72.12M |
| Goodwill | 63.46M | |||||
| Other Intangible Assets | 536.00K | 536.00K | 718.00K | 949.00K | 12.55M | 89.82M |
| Other Long-Term Assets | 44.21M | 44.21M | 39.76M | 45.47M | 63.64M | 214.96M |
| Total Assets | 826.91M | 826.91M | 858.23M | 938.36M | 1.01B | 1.17B |
| Accounts Payable | 3.55M | 3.55M | 4.50M | 6.86M | 8.18M | 17.95M |
| Accrued Expenses | 20.63M | 20.63M | 27.56M | 23.41M | 31.17M | 30.03M |
| Short-Term Debt | 10.06M | |||||
| Current Portion of Leases | 529.00K | 529.00K | 620.00K | 1.89M | 2.65M | |
| Current Income Taxes Payable | 9.11M | 9.11M | 3.14M | 1.28M | 11.13M | 3.27M |
| Other Current Liabilities | 284.74M | 284.74M | 285.05M | 288.39M | 282.54M | 260.52M |
| Total Current Liabilities | 318.55M | 318.55M | 320.88M | 321.84M | 335.67M | 321.82M |
| Long-Term Leases | 239.00K | 239.00K | 352.00K | 773.00K | 753.00K | |
| Long-Term Deferred Tax Liabilities | 1.30M | 3.37M | 12.11M | |||
| Other Long-Term Liabilities | 890.00K | |||||
| Total Liabilities | 318.79M | 318.79M | 321.23M | 323.91M | 339.79M | 334.82M |
| Common Stock | 181.00K | 181.00K | 181.00K | 181.00K | 181.00K | 181.00K |
| Additional Paid-In Capital | 9.49B | 9.49B | 9.49B | 9.49B | 9.48B | 9.47B |
| Retained Earnings | -8.91B | -8.91B | -8.92B | -8.85B | -8.79B | -8.61B |
| Treasury Stock | -138.26M | -138.26M | -138.27M | -137.45M | -137.45M | -136.11M |
| Comprehensive Income & Other | 69.97M | 69.97M | 72.67M | 89.57M | 82.40M | 69.02M |
| Total Common Equity | 508.12M | 508.12M | 508.95M | 588.39M | 637.36M | 789.74M |
| Minority Interest | 28.05M | 26.06M | 34.00M | 42.42M | ||
| Shareholders' Equity | 508.12M | 508.12M | 537.00M | 614.45M | 671.36M | 832.15M |
| Total Liabilities & Equity | 826.91M | 826.91M | 858.23M | 938.36M | 1.01B | 1.17B |
| Total Debt | 768.00K | 768.00K | 972.00K | 2.66M | 3.41M | 10.06M |
| Net Cash (Debt) | 295.17M | 295.17M | 379.61M | 417.94M | 561.28M | 627.91M |
| Net Cash Per Share | 33.58 | 33.58 | 43.32 | 48.27 | 65.92 | 74.75 |
| Filing Date Shares Outstanding | 8.18M | 8.18M | 8.17M | 8.22M | 8.22M | 8.31M |
| Total Common Shares Outstanding | 8.18M | 8.18M | 8.17M | 8.22M | 8.22M | 8.31M |
| Working Capital | 23.57M | 23.57M | 164.69M | 185.98M | 329.94M | 397.09M |
| Book Value Per Share | 62.09 | 62.09 | 62.27 | 71.62 | 77.58 | 95.00 |
| Tangible Book Value | 507.59M | 507.59M | 508.24M | 587.44M | 624.81M | 636.45M |
| Tangible Book Value Per Share | 62.03 | 62.03 | 62.18 | 71.50 | 76.06 | 76.56 |
| Buildings | 309.08M | 309.08M | 308.81M | 300.91M | 191.74M | |
| Machinery | 22.31M | 22.31M | 20.95M | 20.87M | 17.04M | 20.48M |
| Leasehold Improvements | 1.96M | 1.96M | 30.04M | 29.97M | 29.56M |
Cash flow statement
Fiscal year April - March; amounts in CNY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 1.84M | 1.84M | -62.56M | -59.28M | -177.98M | -639.80M |
| Depreciation & Amortization | 11.93M | 11.93M | 13.50M | 14.08M | 73.91M | 333.55M |
| Loss (Gain) From Sale of Assets | -36.92M | -36.92M | -241.00K | -118.00K | -553.00K | 448.00K |
| Asset Writedown & Restructuring Costs | 17.95M | 9.95M | 84.69M | 235.39M | ||
| Loss (Gain) From Sale of Investments | 29.02M | 29.02M | 8.49M | 2.19M | 19.75M | -232.00K |
| Loss (Gain) on Equity Investments | -3.91M | -3.91M | 2.55M | 2.89M | -883.00K | 539.00K |
| Stock-Based Compensation | 16.00K | 16.00K | 839.00K | 4.59M | 13.56M | 12.46M |
| Provision & Write-off of Bad Debts | -17.00K | -17.00K | 7.34M | 2.65M | 648.00K | -151.00K |
| Other Operating Activities | 6.89M | 6.89M | 2.17M | -9.47M | -8.82M | -19.75M |
| Change in Inventory | -651.00K | -651.00K | -57.00K | 966.00K | -64.00K | 161.00K |
| Change in Accounts Payable | -951.00K | -951.00K | -2.36M | -1.32M | -9.77M | -1.50M |
| Change in Income Taxes | 6.28M | 6.28M | 1.79M | -10.06M | 9.79M | 1.47M |
| Change in Other Net Operating Assets | -60.96M | -60.96M | -57.33M | 2.50M | -14.37M | -36.99M |
| Operating Cash Flow | -47.42M | -47.42M | -67.92M | -40.46M | -10.09M | -114.41M |
| Capital Expenditures | -4.09M | -4.09M | -10.08M | -94.16M | -18.96M | -55.14M |
| Sale of Property, Plant & Equipment | 222.00K | 222.00K | 380.00K | 1.66M | 788.00K | 133.00K |
| Cash Acquisitions | -36.13M | |||||
| Divestitures | -3.40M | -3.40M | ||||
| Sale (Purchase) of Intangibles | -245.00K | |||||
| Investment in Securities | 68.80M | 68.80M | -195.56M | 71.54M | 36.79M | 29.68M |
| Other Investing Activities | -8.43M | -8.43M | 33.25M | 839.00K | -36.59M | |
| Investing Cash Flow | 99.33M | 99.33M | -207.93M | -19.77M | 608.00K | 13.95M |
| Short-Term Debt Issued | 1.00K | 1.00K | 618.00K | 10.14M | ||
| Total Debt Issued | 1.00K | 1.00K | 618.00K | 10.14M | ||
| Short-Term Debt Repaid | -11.35M | |||||
| Total Debt Repaid | -11.35M | |||||
| Net Debt Issued (Repaid) | 1.00K | 1.00K | -10.73M | 10.14M | ||
| Issuance of Common Stock | 7.00K | 7.00K | ||||
| Repurchase of Common Stock | -822.00K | -1.33M | -9.69M | |||
| Financing Cash Flow | 8.00K | 8.00K | -822.00K | -12.06M | 450.00K | |
| Foreign Exchange Rate Adjustments | -319.00K | -319.00K | -98.00K | 2.51M | -860.00K | -3.46M |
| Net Cash Flow | 51.61M | 51.61M | -276.77M | -57.71M | -22.41M | -103.47M |
| Free Cash Flow | -51.51M | -51.51M | -78.00M | -134.62M | -29.05M | -169.55M |
| Free Cash Flow Margin | -41.07% | -41.07% | -55.23% | -83.95% | -12.52% | -50.24% |
| Free Cash Flow Per Share | -5.86 | -5.86 | -8.90 | -15.55 | -3.41 | -20.18 |
| Levered Free Cash Flow | 20.35M | 20.35M | -65.24M | -118.58M | 10.22M | 65.70M |
| Unlevered Free Cash Flow | 20.35M | 20.35M | -65.24M | -118.46M | 10.60M | 65.70M |
| Cash Interest Paid | 11.00K | 11.00K | 1.00K | 191.00K | 598.00K | 787.00K |
| Cash Income Tax Paid | 17.00K | 17.00K | 61.00K | 7.47M | 286.00K | 920.00K |
| Change in Working Capital | -56.28M | -56.28M | -57.96M | -7.92M | -14.41M | -36.87M |
Ratios
Fiscal year April - March; amounts in CNY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 15.47M | 18.23M | 18.16M | 15.53M | 27.02M | 29.55M |
| Enterprise Value | -27.33M | -41.37M | -28.53M | -44.97M | -49.10M | -59.30M |
| Last Close Price | 1.89 | 2.23 | 2.21 | 1.89 | 3.25 | 3.52 |
| PE Ratio | 62.25 | 68.29 | ||||
| Forward PE | 39.33 | 39.33 | 39.33 | 39.33 | 39.33 | |
| PS Ratio | 0.85 | 1.00 | 0.93 | 0.70 | 0.80 | 0.56 |
| PB Ratio | 0.21 | 0.25 | 0.24 | 0.18 | 0.28 | 0.23 |
| P/TBV Ratio | 0.21 | 0.25 | 0.26 | 0.19 | 0.30 | 0.29 |
| Debt / Equity Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Net Debt / Equity Ratio | -0.58 | -0.58 | -0.71 | -0.68 | -0.84 | -0.76 |
| Net Debt / EBITDA Ratio | 5.00 | 5.00 | 5.30 | 7.04 | 19.09 | 6.14 |
| Net Debt / FCF Ratio | 5.73 | 5.73 | 4.87 | 3.10 | 19.32 | 3.70 |
| Asset Turnover | 0.15 | 0.15 | 0.16 | 0.16 | 0.21 | 0.22 |
| Inventory Turnover | 3,143.09 | 3,143.09 | 1,555.27 | 753.64 | 1,021.38 | 1,000.63 |
| Quick Ratio | 0.94 | 0.94 | 1.24 | 1.38 | 1.80 | 2.11 |
| Current Ratio | 1.07 | 1.07 | 1.51 | 1.58 | 1.98 | 2.23 |
| Return on Equity (ROE) | 0.62% | 0.62% | -10.52% | -10.42% | -24.80% | -56.17% |
| Return on Assets (ROA) | -5.23% | -5.23% | -5.79% | -4.45% | -5.44% | -18.12% |
| Return on Invested Capital (ROIC) | -11.40% | -13.11% | -47.04% | -45.27% | -60.27% | -102.10% |
| Return on Capital Employed (ROCE) | -13.90% | -13.90% | -15.50% | -11.30% | -14.00% | -51.60% |
| Earnings Yield | 1.61% | 1.46% | -47.48% | -52.88% | -95.90% | -341.54% |
| FCF Yield | -50.03% | -40.97% | -59.20% | -120.07% | -15.65% | -90.51% |
| Buyback Yield / Dilution | -0.33% | -0.33% | -1.19% | -1.70% | -1.36% | 4.20% |