NYSEAMERICAN : BQ
Boqii Holding Limited — Financial statements
Consumer Discretionary · Specialty Retail · China
Last price 0.48 USD (Oct 30, 2026, 9:30 AM EDT) · Market cap 3.78M
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Financial statements
Boqii Holding Limited (BQ) reported revenue of 420.47M 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 | |
|---|---|---|---|---|---|---|
| Revenue | 420.47M | 420.47M | 468.89M | 709.35M | 1.09B | 1.19B |
| Cost of Revenue | 310.03M | 310.03M | 368.24M | 568.62M | 858.61M | 943.70M |
| Gross Profit | 110.44M | 110.44M | 100.65M | 140.74M | 233.49M | 242.73M |
| Selling, General & Admin | 140.80M | 140.80M | 160.71M | 203.86M | 296.86M | 381.26M |
| Other Operating Expenses | -399.00K | -399.00K | -736.00K | -2.97M | -286.00K | -280.00K |
| Operating Expenses | 140.41M | 140.41M | 159.97M | 200.90M | 296.57M | 380.98M |
| Operating Income | -29.97M | -29.97M | -59.32M | -60.16M | -63.08M | -138.25M |
| Interest Expense | -825.00K | -825.00K | -6.51M | -7.33M | -13.35M | -20.88M |
| Interest & Investment Income | 431.00K | 431.00K | 972.00K | 2.64M | 7.42M | 15.48M |
| Earnings From Equity Investments | 242.00K | 242.00K | -22.00K | 50.00K | -82.00K | 418.00K |
| Currency Exchange Gain (Loss) | 2.00K | 2.00K | -93.00K | 1.09M | 2.68M | 5.32M |
| Other Non Operating Income (Expenses) | 142.00K | 142.00K | 5.51M | -6.56M | -3.21M | 4.02M |
| EBT Excluding Unusual Items | -29.97M | -29.97M | -59.46M | -70.27M | -69.62M | -133.90M |
| Impairment of Goodwill | -40.68M | |||||
| Gain (Loss) on Sale of Investments | 5.93M | 5.93M | 61.00K | 1.82M | -178.00K | -495.00K |
| Gain (Loss) on Sale of Assets | 13.00M | 13.00M | 49.00K | 3.60M | ||
| Other Unusual Items | 10.44M | 10.44M | -1.43M | |||
| Pretax Income | -610.00K | -610.00K | -59.40M | -69.83M | -106.89M | -134.39M |
| Income Tax Expense | 1.27M | 1.27M | -801.00K | -927.00K | -911.00K | -1.57M |
| Earnings From Continuing Operations | -1.88M | -1.88M | -58.60M | -68.90M | -105.98M | -132.82M |
| Minority Interest in Earnings | -3.19M | -3.19M | 4.47M | 5.23M | 3.18M | 4.43M |
| Net Income | -5.08M | -5.08M | -54.12M | -63.66M | -102.80M | -128.39M |
| Preferred Dividends & Other Adjustments | 509.00K | 509.00K | 841.00K | 766.00K | 675.00K | 575.00K |
| Net Income to Common | -5.59M | -5.59M | -54.97M | -64.43M | -103.47M | -128.97M |
| Shares Outstanding (Basic) | 3.79M | 3.79M | 1.21M | 628.99K | 430.37K | 425.04K |
| Shares Outstanding (Diluted) | 3.79M | 3.79M | 1.21M | 628.99K | 430.37K | 425.04K |
| EPS (Basic) | -1.47 | -1.47 | -45.60 | -102.43 | -240.43 | -303.42 |
| EPS (Diluted) | -1.47 | -1.47 | -45.60 | -102.43 | -240.43 | -304.00 |
| Free Cash Flow | -30.35M | -30.35M | -70.13M | -25.95M | -55.87M | -150.58M |
| Free Cash Flow Per Share | -8.01 | -8.01 | -58.18 | -41.27 | -129.83 | -354.28 |
| Gross Margin | 26.27% | 26.27% | 21.47% | 19.84% | 21.38% | 20.46% |
| Operating Margin | -7.13% | -7.13% | -12.65% | -8.48% | -5.78% | -11.65% |
| Profit Margin | -1.33% | -1.33% | -11.72% | -9.08% | -9.47% | -10.87% |
| Free Cash Flow Margin | -7.22% | -7.22% | -14.96% | -3.66% | -5.12% | -12.69% |
| EBITDA | -28.77M | -28.77M | -54.09M | -53.80M | -55.24M | -130.57M |
| EBITDA Margin | -6.84% | -6.84% | -11.54% | -7.58% | -5.06% | -11.00% |
| D&A For EBITDA | 1.20M | 1.20M | 5.23M | 6.36M | 7.84M | 7.68M |
| EBIT | -29.97M | -29.97M | -59.32M | -60.16M | -63.08M | -138.25M |
| EBIT Margin | -7.13% | -7.13% | -12.65% | -8.48% | -5.78% | -11.65% |
| Revenue as Reported | 420.47M | 420.47M | 468.89M | 709.35M | 1.09B | 1.19B |
Balance sheet
Fiscal year April - March; amounts in CNY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 49.43M | 49.43M | 38.66M | 72.72M | 89.85M | 162.85M |
| Short-Term Investments | 346.00K | 346.00K | 5.15M | 29.48M | 70.80M | 129.40M |
| Cash & Short-Term Investments | 49.77M | 49.77M | 43.81M | 102.20M | 160.65M | 292.25M |
| Accounts Receivable | 11.92M | 11.92M | 29.32M | 50.12M | 76.74M | 49.23M |
| Other Receivables | 10.63M | 10.63M | 8.36M | 11.49M | 19.00M | 33.32M |
| Receivables | 45.82M | 45.82M | 62.01M | 72.70M | 105.92M | 87.30M |
| Inventory | 82.42M | 82.42M | 100.66M | 85.19M | 105.27M | 162.27M |
| Other Current Assets | 15.62M | 15.62M | 15.84M | 18.16M | 34.34M | 36.74M |
| Total Current Assets | 193.63M | 193.63M | 222.32M | 278.25M | 406.18M | 578.55M |
| Property, Plant & Equipment | 5.08M | 5.08M | 7.33M | 12.05M | 27.85M | 46.35M |
| Long-Term Investments | 35.91M | 35.91M | 64.99M | 65.89M | 75.61M | 82.32M |
| Goodwill | 40.68M | |||||
| Other Intangible Assets | 94.00K | 94.00K | 14.67M | 17.91M | 21.59M | 25.54M |
| Other Long-Term Assets | 7.05M | 7.05M | 6.80M | 9.11M | 6.15M | 3.92M |
| Total Assets | 241.77M | 241.77M | 316.17M | 383.21M | 540.80M | 778.31M |
| Accounts Payable | 9.43M | 9.43M | 20.14M | 24.28M | 56.49M | 94.44M |
| Accrued Expenses | 3.29M | 3.29M | 5.97M | 9.83M | 16.41M | 22.23M |
| Short-Term Debt | 38.73M | 38.73M | 9.06M | 15.21M | 86.26M | 134.54M |
| Current Portion of Long-Term Debt | 26.59M | |||||
| Current Portion of Leases | 1.07M | 1.07M | 1.71M | 5.61M | 9.22M | 10.00M |
| Current Unearned Revenue | 1.90M | 1.90M | 1.77M | 1.58M | 4.47M | 7.01M |
| Other Current Liabilities | 5.09M | 5.09M | 7.22M | 15.53M | 23.28M | 21.06M |
| Total Current Liabilities | 59.51M | 59.51M | 45.87M | 72.04M | 196.14M | 315.86M |
| Long-Term Debt | 200.00K | 200.00K | 38.63M | 43.94M | 102.83M | 181.06M |
| Long-Term Leases | 2.27M | 2.27M | 851.00K | 3.12M | 12.74M | 28.20M |
| Long-Term Deferred Tax Liabilities | 2.43M | 3.23M | 4.14M | 4.85M | ||
| Total Liabilities | 61.98M | 61.98M | 87.79M | 122.33M | 315.85M | 529.96M |
| Common Stock | 5.46M | 5.46M | 3.20M | 1.04M | 455.00K | 454.00K |
| Additional Paid-In Capital | 3.36B | 3.36B | 3.34B | 3.33B | 3.29B | 3.30B |
| Retained Earnings | -3.12B | -3.12B | -3.11B | -3.06B | -2.99B | -2.89B |
| Comprehensive Income & Other | -63.07M | -63.07M | -44.02M | -55.51M | -120.59M | -210.81M |
| Total Common Equity | 188.00M | 188.00M | 189.81M | 218.68M | 178.28M | 199.18M |
| Minority Interest | -8.21M | -8.21M | 38.57M | 42.20M | 46.67M | 49.17M |
| Shareholders' Equity | 179.79M | 179.79M | 228.38M | 260.88M | 224.95M | 248.34M |
| Total Liabilities & Equity | 241.77M | 241.77M | 316.17M | 383.21M | 540.80M | 778.31M |
| Total Debt | 42.27M | 42.27M | 50.26M | 67.88M | 211.05M | 380.39M |
| Net Cash (Debt) | 7.50M | 7.50M | -6.45M | 34.32M | -50.40M | -88.14M |
| Net Cash Per Share | 1.98 | 1.98 | -5.35 | 54.56 | -117.12 | -207.36 |
| Filing Date Shares Outstanding | 7.88M | 7.88M | 2.88M | 430.00K | 430.00K | 429.67K |
| Total Common Shares Outstanding | 4.88M | 4.88M | 2.88M | 430.00K | 430.00K | 429.67K |
| Working Capital | 134.13M | 134.13M | 176.45M | 206.21M | 210.04M | 262.70M |
| Book Value Per Share | 38.53 | 38.53 | 65.91 | 508.55 | 414.61 | 463.55 |
| Tangible Book Value | 187.91M | 187.91M | 175.13M | 200.77M | 156.69M | 132.95M |
| Tangible Book Value Per Share | 38.51 | 38.51 | 60.82 | 466.90 | 364.39 | 309.42 |
| Machinery | 6.36M | 6.36M | 12.02M | 12.08M | 14.70M | 13.86M |
| Leasehold Improvements | 905.00K | 905.00K | 12.46M | 10.79M | 10.50M | 10.21M |
Cash flow statement
Fiscal year April - March; amounts in CNY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -5.08M | -5.08M | -54.12M | -63.66M | -102.80M | -128.39M |
| Depreciation & Amortization | 3.89M | 3.89M | 14.73M | 24.30M | 32.44M | 19.38M |
| Loss (Gain) From Sale of Assets | -13.17M | -13.17M | -463.00K | -3.00K | -3.60M | -104.00K |
| Asset Writedown & Restructuring Costs | 40.68M | |||||
| Loss (Gain) From Sale of Investments | -127.00K | |||||
| Loss (Gain) on Equity Investments | -242.00K | -242.00K | 22.00K | -50.00K | 82.00K | -418.00K |
| Stock-Based Compensation | 5.00K | 5.00K | 81.00K | 679.00K | -7.68M | 14.41M |
| Provision & Write-off of Bad Debts | 137.00K | 137.00K | -332.00K | -116.00K | 133.00K | 213.00K |
| Other Operating Activities | -11.53M | -11.53M | -4.60M | 5.47M | 3.68M | -2.46M |
| Change in Accounts Receivable | 2.66M | 2.66M | 21.26M | 27.18M | -27.45M | -6.13M |
| Change in Inventory | 8.17M | 8.17M | 15.13M | 26.54M | 30.58M | -23.18M |
| Change in Accounts Payable | -11.25M | -11.25M | -4.63M | -31.50M | -36.34M | 18.11M |
| Change in Unearned Revenue | 1.06M | 1.06M | 189.00K | -2.89M | -2.54M | 3.14M |
| Change in Other Net Operating Assets | -3.94M | -3.94M | -54.09M | -11.38M | 18.74M | -41.95M |
| Operating Cash Flow | -29.29M | -29.29M | -66.83M | -25.43M | -54.07M | -147.50M |
| Capital Expenditures | -1.06M | -1.06M | -3.30M | -527.00K | -1.80M | -3.08M |
| Sale of Property, Plant & Equipment | 211.00K | 211.00K | 357.00K | 213.00K | 16.00K | 125.00K |
| Cash Acquisitions | 29.09M | -29.09M | -2.94M | |||
| Divestitures | 10.19M | 10.19M | -37.00K | |||
| Sale (Purchase) of Intangibles | -9.00K | -36.00K | -50.00K | -24.00K | ||
| Investment in Securities | 15.69M | 15.69M | -3.70M | 77.86M | 58.29M | 24.67M |
| Other Investing Activities | -450.00K | -450.00K | -37.00K | -1.58M | -246.00K | -750.00K |
| Investing Cash Flow | 23.73M | 23.73M | 24.60M | 47.81M | 46.50M | 21.15M |
| Long-Term Debt Issued | 19.00M | 19.00M | 41.29M | 23.79M | 198.51M | 448.48M |
| Long-Term Debt Repaid | -27.00M | -27.00M | -47.66M | -92.87M | -275.19M | -447.76M |
| Net Debt Issued (Repaid) | -8.00M | -8.00M | -6.37M | -69.08M | -76.68M | 727.00K |
| Issuance of Common Stock | 24.33M | 24.33M | 14.52M | 35.95M | 25.00K | 1.02M |
| Other Financing Activities | 245.00K | |||||
| Financing Cash Flow | 16.33M | 16.33M | 8.15M | -33.13M | -76.66M | 2.00M |
| Foreign Exchange Rate Adjustments | 20.00K | -6.38M | 11.22M | -5.02M | ||
| Net Cash Flow | 10.77M | 10.77M | -34.06M | -17.13M | -73.00M | -129.38M |
| Free Cash Flow | -30.35M | -30.35M | -70.13M | -25.95M | -55.87M | -150.58M |
| Free Cash Flow Margin | -7.22% | -7.22% | -14.96% | -3.66% | -5.12% | -12.69% |
| Free Cash Flow Per Share | -8.01 | -8.01 | -58.18 | -41.27 | -129.83 | -354.28 |
| Levered Free Cash Flow | 2.85M | 2.85M | -48.22M | 2.28M | -28.16M | -100.77M |
| Unlevered Free Cash Flow | 3.36M | 3.36M | -44.16M | 6.86M | -19.82M | -87.72M |
| Change in Working Capital | -3.30M | -3.30M | -22.14M | 7.95M | -17.01M | -50.01M |
Ratios
Fiscal year April - March; amounts in CNY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.77M | 2.73M | ||||
| Enterprise Value | 2.68M | 7.17M | ||||
| Last Close Price | 0.48 | 0.76 | ||||
| PS Ratio | 0.06 | 0.04 | ||||
| PB Ratio | 0.09 | 0.10 | ||||
| P/TBV Ratio | 0.14 | 0.10 | ||||
| EV/Sales Ratio | 0.04 | 0.12 | ||||
| Debt / Equity Ratio | 0.23 | 0.23 | 0.22 | 0.26 | 0.94 | 1.53 |
| Net Debt / Equity Ratio | -0.04 | -0.04 | 0.03 | -0.13 | 0.22 | 0.35 |
| Net Debt / EBITDA Ratio | 0.26 | 0.26 | -0.12 | 0.64 | -0.91 | -0.68 |
| Net Debt / FCF Ratio | 0.25 | 0.25 | -0.09 | 1.32 | -0.90 | -0.58 |
| Asset Turnover | 1.51 | 1.51 | 1.34 | 1.53 | 1.66 | 1.43 |
| Inventory Turnover | 3.39 | 3.39 | 3.96 | 5.97 | 6.42 | 6.15 |
| Quick Ratio | 1.22 | 1.22 | 1.78 | 2.27 | 1.31 | 1.19 |
| Current Ratio | 3.25 | 3.25 | 4.85 | 3.86 | 2.07 | 1.83 |
| Return on Equity (ROE) | -0.92% | -0.92% | -23.95% | -28.36% | -44.78% | -69.54% |
| Return on Assets (ROA) | -6.71% | -6.71% | -10.60% | -8.14% | -5.98% | -10.42% |
| Return on Capital Employed (ROCE) | -16.40% | -16.40% | -21.90% | -19.30% | -18.30% | -29.90% |
| Earnings Yield | -44.66% | -26.92% | ||||
| FCF Yield | -121.02% | -160.91% | ||||
| Buyback Yield / Dilution | -214.44% | -214.44% | -91.66% | -46.15% | -1.25% | -1.57% |