BQ on NYSE

Boqii Holding Ltd

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Last updated Oct 16, 2026.

Overview

$61.0MRevenue, fiscal 2026²

-$738.0KNet income, fiscal 2026²

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TickerBQ on NYSE
IndustryRetail-Retail Stores, NEC
HeadquartersE9
Incorporated inCayman Islands³
Business addressFloor 6, Building 1, No. 399, Shengxia Road, Pudong New District, Shanghai³
Filer categoryNon-accelerated filer³

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

26.3%Gross margin²

-7.1%Operating margin²

-1.2%Net margin²

-5.7%Revenue growth, 2026²

-2.7%Return on equity²

0.59×Debt to equity²

-$4.4MFree cash flow²

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product Sales brought in 91% of the revenue Boqii Holding Ltd broke down this way in fiscal 2026.

Product Sales381.2M CNY²91%down 12% from 2025
Online Marketing And Information Services And Other Revenue39.3M CNY²9%up 4% from 2025

Products and services by year

Products and services	2023	2024	2025	2026
Product Sales	1.0B CNY	680.1M CNY	431.3M CNY	381.2M CNY
Online Marketing And Information Services And Other Revenue	43.6M CNY	29.2M CNY	37.6M CNY	39.3M CNY

Where the money goes

Where each dollar of revenue went, fiscal 2026

Cost of revenueOther costs

Cost of revenue74¢$44.9M
Research and development0¢$200.0K
Other costs26¢$15.6M
Income tax0¢$185.0K

Out of $61.0M in revenue.² The company lost money this year.

Financial statements

Revenue⁴⁵⁶⁷⁸²$61.0M in 2026−60% since 2021

Gross profit⁴⁵⁶⁷⁸²$16.0M in 2026−44% since 2021

Operating income⁴⁵⁶⁷⁸²-$4.3M in 2026−86% since 2021

Net income⁴⁵⁶⁷⁸²-$738.0K in 2026−98% since 2021

Every line of the income statement in the latest annual report, as filed.²

Period ending	2026-03-31	2025-03-31	2024-03-31
Total revenues	420.5M CNY	468.9M CNY	709.4M CNY
Total cost of revenue	-310.0M CNY	-368.2M CNY	-568.6M CNY
Gross profit	110.4M CNY	100.7M CNY	140.7M CNY
Fulfillment expenses	-23.3M CNY	-35.6M CNY	-59.5M CNY
Sales and marketing expenses	-81.6M CNY	-74.5M CNY	-85.1M CNY
General and administrative expenses	-35.9M CNY	-50.6M CNY	-59.3M CNY
Other income, net	399.0K CNY	736.0K CNY	3.0M CNY
Loss from operations	-30.0M CNY	-59.3M CNY	-60.2M CNY
Interest income	431.0K CNY	972.0K CNY	2.6M CNY
Interest expense	-825.0K CNY	-6.5M CNY	-7.3M CNY
Other loss, net	29.5M CNY	-236.0K CNY	-4.0M CNY
Fair value change of derivative liabilities	5.0K CNY	5.7M CNY	-1.0M CNY
Loss before income tax expenses	-852.0K CNY	-59.4M CNY	-69.9M CNY
Income tax benefit	-1.3M CNY	801.0K CNY	927.0K CNY
Share of results of equity investees	242.0K CNY	-22.0K CNY	50.0K CNY
Net loss	-1.9M CNY	-58.6M CNY	-68.9M CNY
Less: Net loss attributable to the non-controlling interest shareholders	3.2M CNY	-4.5M CNY	-5.2M CNY
Net loss attributable to Boqii Holding Limited	-5.1M CNY	-54.1M CNY	-63.7M CNY
Accretion on redeemable non-controlling interests to redemption value	-509.0K CNY	-841.0K CNY	-766.0K CNY
Net loss attributable to Boqii Holding Limiteds ordinary shareholders	-5.6M CNY	-55.0M CNY	-64.4M CNY
Foreign currency translation adjustment, net of tax	506.0K CNY	840.0K CNY	1.3M CNY
Unrealized securities holding losses/(gains)	-12.7M CNY	869.0K CNY	-3.5M CNY
Total comprehensive loss	-14.0M CNY	-56.9M CNY	-71.2M CNY
Less: Total comprehensive loss attributable to non- controlling interests shareholders	3.2M CNY	-4.5M CNY	-5.2M CNY
Total comprehensive loss attributable to Boqii Holding Limited	-17.2M CNY	-52.4M CNY	-66.0M CNY
basic (in Dollars per share and Yuan Renminbi per share)	-1.47 CNY	-45.60 CNY	-102.40 CNY
diluted (in Dollars per share and Yuan Renminbi per share)	-1.47 CNY	-45.60 CNY	-102.40 CNY
basic (in Shares)	3.8M shares	1.2M shares	629.0K shares
diluted (in Shares)	3.8M shares	1.2M shares	629.0K shares

Total assets⁴⁵⁶⁷⁸²$35.0M in 2026−74% since 2021

Total liabilities⁴⁵⁶⁷⁸²$9.0M in 2026−92% since 2021

Shareholders’ equity⁴⁵⁶⁷⁸²$27.3M in 2026+116% since 2021

Cash⁴⁵⁶⁷⁸²$7.2M in 2026−47% since 2020

Long-term debt⁴⁶⁷⁸²$16.0M in 2026+54% since 2021

Every line of the balance sheet in the latest annual report, as filed.²

Period ending	2026-03-31	2025-10-31	2025-03-31
Cash and cash equivalents	49.4M CNY		38.7M CNY
Short-term investments			4.0M CNY
Accounts receivable, net	11.9M CNY		29.3M CNY
Inventories, net	26.2M CNY		40.1M CNY
Prepayments and other current assets	87.6M CNY		90.5M CNY
Total current assets	193.6M CNY		222.3M CNY
Property and equipment, net	1.3M CNY		4.2M CNY
Intangible assets	94.0K CNY		14.7M CNY
Operating lease right-of-use assets	3.7M CNY		3.1M CNY
Long-term investments	35.9M CNY		65.0M CNY
Other non-current asset	1.7M CNY		1.9M CNY
Total non-current assets	48.1M CNY		93.8M CNY
Total assets	241.8M CNY		316.2M CNY
Short-term borrowings (including amounts of the consolidated VIEs and VIEs subsidiaries without recourse to the Company of RMB 63 and RMB 8,000 as of March 31, 2025 and 2026, respectively)	16.0M CNY		9.1M CNY
Accounts payable (including accounts payable of the consolidated VIEs and VIEs subsidiaries without recourse to the Company of RMB 421 and RMB 438 as of March 31, 2025 and 2026, respectively)	8.2M CNY		19.6M CNY
Salary and welfare payable (including amounts of the consolidated VIEs and VIEs subsidiaries without recourse to the Company of RMB57 and RMB 535 as of March 31, 2025 and 2026, respectively)	1.0M CNY		1.9M CNY
Accrued liabilities and other current liabilities (including amounts of the consolidated VIEs and VIEs subsidiaries without recourse to the Company of RMB 3,563 and RMB 468 as of March 31, 2025 and 2026, respectively)	31.4M CNY		11.9M CNY
Contract liabilities (including amounts of the consolidated VIEs and VIEs subsidiaries without recourse to the Company of RMB 1,768 and RMB 1,466 as of March 31, 2025 and 2026, respectively)	1.9M CNY		1.8M CNY
Derivative liabilities (including amounts of the consolidated VIEs and VIEs subsidiaries without recourse to the Company of Nil as of March 31, 2025 and 2026, respectively)			5.0K CNY
Total current liabilities	59.5M CNY		45.9M CNY
Total non-current liabilities	2.5M CNY		41.9M CNY
Total liabilities	62.0M CNY		87.8M CNY
Redeemable non-controlling interests		9.3M CNY	8.8M CNY
Total mezzanine equity			8.8M CNY
Additional paid-in capital	3.4B CNY		3.3B CNY
Statutory reserves	2.4M CNY		3.9M CNY
Accumulated other comprehensive loss	-56.8M CNY		-37.8M CNY
Accumulated deficit	-3.1B CNY		-3.1B CNY
Receivable for issuance of ordinary shares	-6.2M CNY		-6.2M CNY
Total Boqii Holding Limited shareholders equity	188.0M CNY		189.8M CNY
Non-controlling interests	-8.2M CNY		29.8M CNY
Total shareholders equity	179.8M CNY		219.6M CNY
Total liabilities, mezzanine equity and shareholders equity	241.8M CNY		316.2M CNY
Operating lease liabilities, current	1.1M CNY		1.7M CNY
Deferred tax liabilities			2.4M CNY
Operating lease liabilities, non-current	2.3M CNY		851.0K CNY
Other debts, non-current	200.0K CNY		38.6M CNY

Cash from operations⁴⁵⁶⁷⁸²-$4.2M in 2026−89% since 2021

Capital spending⁴⁵⁶⁷⁸²$154.0K in 2026−84% since 2021

Free cash flow⁴⁵⁶⁷⁸²-$4.4M in 2026−89% since 2021

Every line of the cash flow in the latest annual report, as filed.²

Period ending	2026-03-31	2025-03-31	2024-03-31
Net loss	-1.9M CNY	-58.6M CNY	-68.9M CNY
Depreciation and amortization expense	1.2M CNY	5.2M CNY	6.4M CNY
Provision for inventories obsolescence/(reversal)	358.0K CNY	154.0K CNY	-223.0K CNY
Allowance for expected credit loss/(reversal)	137.0K CNY	-332.0K CNY	-116.0K CNY
Interest expense of other debts		6.0M CNY	5.1M CNY
Amortization of right-of-use assets	2.7M CNY	9.5M CNY	17.9M CNY
Interest of lease liabilities	87.0K CNY	318.0K CNY	199.0K CNY
Investment loss	-5.9M CNY	-61.0K CNY	-1.8M CNY
Share of results of equity investees	-242.0K CNY	22.0K CNY	-50.0K CNY
Discount on the ordinary shares issued by public offering			5.9M CNY
Loss/(gain) on disposal of property and equipment and intangible assets	-168.0K CNY	-463.0K CNY	46.0K CNY
Loss on disposal of other debts	-10.4M CNY		1.4M CNY
Gain/(loss) from disposal of a subsidiary	-13.0M CNY		-49.0K CNY
Share-based compensation expense	5.0K CNY	81.0K CNY	679.0K CNY
Fair value change of derivative liabilities	-5.0K CNY	-5.7M CNY	1.0M CNY
Deferred tax expense	1.2M CNY	-801.0K CNY	-907.0K CNY
Accounts receivable	2.7M CNY	21.3M CNY	27.2M CNY
Inventories	8.2M CNY	15.1M CNY	26.5M CNY
Prepayments and other current assets	-2.1M CNY	-26.6M CNY	11.5M CNY
Amounts due from related parties	1.4M CNY	-13.3M CNY	2.4M CNY
Operating lease liabilities	-2.7M CNY	-10.1M CNY	-18.0M CNY
Accounts payable	-11.3M CNY	-4.6M CNY	-31.5M CNY
Salary and welfare payable	-458.0K CNY	-1.1M CNY	-3.9M CNY
Accrued liabilities and other current liabilities	-320.0K CNY	-4.3M CNY	-4.8M CNY
Amounts due to related parties			-471.0K CNY
Contract liabilities	1.1M CNY	189.0K CNY	-2.9M CNY
Other non-current assets	186.0K CNY	1.3M CNY	1.8M CNY
Net cash used in operating activities	-29.3M CNY	-66.8M CNY	-25.4M CNY
Loan advanced to third parties	-2.1M CNY	-701.0K CNY	-3.2M CNY
Repayments on loan receivables from third parties	1.2M CNY	2.9M CNY	4.2M CNY
Loan advanced to related parties	-680.0K CNY	-2.0M CNY	-4.8M CNY
Repayments on loan receivables from related parties	230.0K CNY	2.0M CNY	3.2M CNY
Disposal of subsidiaries, net of cash and cash equivalents acquired	10.2M CNY		-37.0K CNY
Decrease/(increase) in short-term investments, net		-4.0M CNY	69.8M CNY
Purchase of intangible assets		-9.0K CNY	-36.0K CNY
Purchase of property and equipment	-1.1M CNY	-3.3M CNY	-527.0K CNY
Proceeds from disposal of property and equipment	211.0K CNY	357.0K CNY	213.0K CNY
Deposits to be used in connection with future acquisitions		29.1M CNY	-29.1M CNY
Disposal of long-term investments	15.7M CNY	300.0K CNY	8.1M CNY
Net cash generated from investing activities	23.7M CNY	24.6M CNY	47.8M CNY
Proceeds from short-term and long-term borrowings	19.0M CNY	31.5M CNY	15.0M CNY
Repayments of short-term and long-term borrowings	-12.0M CNY	-37.7M CNY	-86.0M CNY
Proceeds from issuance of other debts, net of issuance costs		9.8M CNY	8.8M CNY
Repayments of other debts	-15.0M CNY	-10.0M CNY	-6.8M CNY
Proceeds from exercise of share option			29.0K CNY
Proceeds from issuance of ordinary shares, net of issuance costs	24.3M CNY	14.5M CNY	35.9M CNY
Net cash flows (used in) /generated from financing activities	16.3M CNY	8.2M CNY	-33.1M CNY
Net (decrease)/ increase in cash and cash equivalents	10.8M CNY	-34.1M CNY	-10.7M CNY
Effects of exchange rate changes on cash and cash equivalents		20.0K CNY	-6.4M CNY
Accretion on redeemable non-controlling interests	-509.0K CNY	-841.0K CNY	-766.0K CNY
Unpaid cash consideration for business acquisitions	-2.9M CNY	-2.9M CNY	-2.9M CNY
Cash paid for fixed operating lease costs included in the measurement of lease obligations in operating activities	2.7M CNY	10.1M CNY	18.0M CNY
Right-of-use assets obtained in exchange for operating lease obligations	4.4M CNY	3.6M CNY	4.5M CNY

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Recent filings

Aug 13, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
Jul 13, 202620-F ANNUAL REPORT
Jun 18, 2026424B3 PROSPECTUS
Jun 17, 2026EFFECT
Jun 16, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
Jun 15, 2026CORRESP
Jun 12, 2026UPLOAD
Jun 5, 2026F-3 REGISTRATION STATEMENT
May 14, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
May 12, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
Apr 20, 20266-K CURRENT REPORT
Apr 3, 20263
Apr 3, 20263
Mar 31, 20263
Mar 31, 20263/A

Every filing from the last three years, summarized. The full record is on SEC EDGAR.¹

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARBoqii Holding Ltd filings on SEC EDGAR
2
SEC EDGARBoqii Holding Ltd 10-K for fiscal 2026
3
SEC EDGARBoqii Holding Ltd filings on SEC EDGAR
4
SEC EDGARBoqii Holding Ltd 10-K for fiscal 2021
5
SEC EDGARBoqii Holding Ltd 10-K for fiscal 2022
6
SEC EDGARBoqii Holding Ltd 10-K for fiscal 2023
7
SEC EDGARBoqii Holding Ltd 10-K for fiscal 2024
8
SEC EDGARBoqii Holding Ltd 10-K for fiscal 2025