BQ revenueFY2026CN¥420.47M
- FY YoY
- -10.3%
- 5Y CAGR
- -16.1%
BQ revenue was CN¥420.47M for fiscal 2026 (ended Mar 31, 2026), down 10.3% from fiscal 2025. Compound annual growth was -16.1% over 5 years. It rose in 2 of the last 7 fiscal years.
Financials · BQ
Boqii Holding Limited (BQ) financials
For fiscal 2026 (ended Mar 31, 2026), Boqii Holding Limited reported CN¥420.47M of revenue and -CN¥5.08M of net income. Figures are in CNY, the currency of its SEC filings.
- Revenue, FY2026
- CN¥420.47M
- Revenue growth, YoY
- -10.3%
- Net income, FY2026
- -CN¥5.08M
- Net margin
- -1.2%
- Free cash flow, FY2026
- -CN¥30.35M
- EPS, diluted, FY2026
- -CN¥1.47
- Cash
- CN¥49.43M
- Total debt
- CN¥16.00M
FY2019FY2026
FY2019FY2026
FY2019FY2026
BQ revenue and earnings growth
BQ net incomeFY2026-CN¥5.08M
BQ net income was -CN¥5.08M for fiscal 2026 (ended Mar 31, 2026), compared with -CN¥54.13M in fiscal 2025.
BQ EPSFY2026-CN¥1.47
BQ diluted EPS was -CN¥1.47 for fiscal 2026 (ended Mar 31, 2026).
BQ free cash flowFY2026-CN¥30.35M
BQ free cash flow was -CN¥30.35M for fiscal 2026 (ended Mar 31, 2026), compared with -CN¥70.13M in fiscal 2025.
Income statement
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥420.47M | CN¥468.89M | CN¥709.35M | CN¥1.09B | CN¥1.19B | CN¥1.01B | CN¥770.24M | CN¥803.83M |
| Cost of revenue | CN¥310.03M | CN¥368.24M | CN¥568.62M | CN¥858.61M | CN¥943.70M | CN¥823.69M | CN¥611.47M | CN¥599.48M |
| Gross profit | CN¥110.44M | CN¥100.65M | CN¥140.74M | CN¥233.49M | CN¥242.73M | CN¥187.30M | CN¥158.77M | CN¥204.35M |
| Research and development | CN¥200.0K | CN¥1.50M | CN¥2.20M | CN¥3.70M | CN¥11.30M | - | - | - |
| Selling, general and admin | CN¥35.91M | CN¥50.61M | CN¥59.27M | CN¥46.55M | CN¥76.25M | CN¥113.97M | CN¥54.28M | CN¥67.01M |
| Operating income | -CN¥29.97M | -CN¥59.32M | -CN¥60.16M | -CN¥103.77M | -CN¥138.25M | -CN¥206.00M | -CN¥137.39M | -CN¥201.13M |
| Interest expense | CN¥825.0K | CN¥6.51M | CN¥7.33M | CN¥13.35M | CN¥20.88M | CN¥27.65M | CN¥59.27M | CN¥18.65M |
| Pre-tax income | -CN¥852.0K | -CN¥59.38M | -CN¥69.88M | -CN¥106.81M | -CN¥134.81M | -CN¥193.39M | -CN¥175.93M | -CN¥231.76M |
| Income tax | CN¥1.27M | -CN¥801.0K | -CN¥927.0K | -CN¥911.0K | -CN¥1.57M | -CN¥871.0K | -CN¥512.0K | -CN¥141.0K |
| Net income | -CN¥5.08M | -CN¥54.13M | -CN¥63.66M | -CN¥102.80M | -CN¥128.39M | -CN¥194.44M | -CN¥179.02M | -CN¥234.24M |
| EPS, basic | -CN¥1.47 | -CN¥45.60 | -CN¥102.40 | -CN¥240.40 | -CN¥304.00 | -CN¥206.40 | -CN¥2769.60 | -CN¥4515.20 |
| EPS, diluted | -CN¥1.47 | -CN¥45.60 | -CN¥102.40 | -CN¥240.40 | -CN¥304.00 | -CN¥206.40 | -CN¥2769.60 | -CN¥4515.20 |
| Diluted shares | 3.8M | 1.2M | 628,986 | 430,368 | 425,038.575 | 418,460.063 | 138,990.338 | 138,990.338 |
Balance sheet
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | CN¥49.43M | CN¥38.66M | CN¥72.72M | CN¥89.85M | CN¥162.85M | CN¥292.24M | CN¥88.35M | CN¥27.22M |
| Short-term investments | - | CN¥4.00M | - | CN¥69.80M | CN¥128.08M | CN¥168.55M | - | - |
| Receivables | CN¥11.92M | CN¥29.32M | CN¥50.12M | CN¥76.74M | CN¥49.23M | CN¥45.73M | CN¥44.98M | - |
| Inventory | CN¥26.21M | CN¥40.08M | CN¥55.19M | CN¥81.05M | CN¥109.92M | CN¥91.55M | CN¥63.06M | - |
| Current assets | CN¥193.63M | CN¥222.32M | CN¥278.25M | CN¥406.18M | CN¥578.55M | CN¥694.79M | CN¥279.09M | - |
| Goodwill | - | - | - | CN¥0 | CN¥40.68M | CN¥40.18M | CN¥40.18M | CN¥494.0K |
| Total assets | CN¥241.77M | CN¥316.17M | CN¥383.21M | CN¥540.80M | CN¥778.31M | CN¥880.57M | CN¥457.19M | - |
| Current liabilities | CN¥59.51M | CN¥45.87M | CN¥72.04M | CN¥196.14M | CN¥315.86M | CN¥216.61M | CN¥311.89M | - |
| Short-term debt | CN¥16.00M | CN¥9.06M | CN¥15.21M | CN¥86.26M | CN¥161.13M | CN¥85.57M | CN¥75.22M | - |
| Long-term debt | - | - | - | - | - | CN¥68.08M | CN¥53.15M | - |
| Total debt | CN¥16.00M | CN¥9.06M | CN¥15.21M | CN¥86.26M | CN¥161.13M | CN¥153.64M | CN¥128.37M | - |
| Total liabilities | CN¥61.98M | CN¥87.79M | CN¥122.33M | CN¥315.85M | CN¥529.96M | CN¥746.93M | CN¥558.30M | - |
| Shareholders' equity | CN¥188.00M | CN¥189.81M | CN¥252.92M | CN¥217.75M | CN¥241.82M | CN¥127.69M | -CN¥1.96B | -CN¥1.62B |
Cash flow
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2019 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -CN¥29.29M | -CN¥66.83M | -CN¥25.43M | -CN¥54.07M | -CN¥147.50M | -CN¥247.49M | -CN¥165.91M | -CN¥206.22M |
| Capital expenditures | CN¥1.06M | CN¥3.30M | CN¥527.0K | CN¥1.80M | CN¥3.08M | CN¥6.51M | CN¥1.20M | CN¥2.02M |
| Free cash flow | -CN¥30.35M | -CN¥70.13M | -CN¥25.95M | -CN¥55.87M | -CN¥150.58M | -CN¥254.00M | -CN¥167.12M | -CN¥208.24M |
| Investing cash flow | CN¥23.73M | CN¥24.60M | CN¥47.81M | CN¥46.50M | CN¥21.15M | -CN¥184.42M | -CN¥75.06M | -CN¥22.56M |
| Financing cash flow | CN¥16.33M | CN¥8.15M | -CN¥33.13M | -CN¥76.66M | CN¥2.00M | CN¥648.49M | CN¥295.03M | CN¥199.31M |
| Stock-based compensation | CN¥5.0K | CN¥81.0K | CN¥679.0K | -CN¥7.68M | CN¥14.41M | CN¥55.02M | - | - |
| Depreciation and amortization | CN¥1.20M | CN¥5.23M | CN¥6.36M | CN¥7.84M | CN¥7.68M | CN¥7.08M | CN¥4.59M | CN¥3.17M |
Key ratios
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -10.3% | -33.9% | -35.0% | -8.0% | 17.4% | 31.3% | -4.2% | - |
| Gross margin | 26.3% | 21.5% | 19.8% | 21.4% | 20.5% | 18.5% | 20.6% | 25.4% |
| Operating margin | -7.1% | -12.7% | -8.5% | -9.5% | -11.7% | -20.4% | -17.8% | -25.0% |
| Net margin | -1.2% | -11.5% | -9.0% | -9.4% | -10.8% | -19.2% | -23.2% | -29.1% |
| Free cash flow margin | -7.2% | -15.0% | -3.7% | -5.1% | -12.7% | -25.1% | -21.7% | -25.9% |
| Return on equity | -2.7% | -28.5% | -25.2% | -47.2% | -53.1% | -152.3% | - | - |
| Return on assets | -2.1% | -17.1% | -16.6% | -19.0% | -16.5% | -22.1% | -39.2% | - |
| Current ratio | 3.25 | 4.85 | 3.86 | 2.07 | 1.83 | 3.21 | 0.89 | - |
| Debt to equity | 0.09 | 0.05 | 0.06 | 0.40 | 0.67 | 1.20 | - | - |
Source: XBRL data Boqii Holding Limited files with the SEC, latest filing dated Jul 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures and share counts are restated for stock splits the filings show: 1-for-160, first reported Mar 19, 2026.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
BQ peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| BQ | CN¥420.47M | -10.3% | -CN¥5.08M | -1.2% | $3.4M |
| JD | CN¥1.31T | +13.0% | CN¥19.63B | 1.5% | $38.14B |
| ULTA | $12.96B | +11.2% | $1.21B | 9.3% | $28.44B |
| DKS | $21.15B | +53.5% | $838.83M | 4.0% | $13.13B |
| FCFS | $4.29B | +22.9% | $406.49M | 9.5% | $8.06B |
| BBWI | $7.21B | -2.2% | $781.00M | 10.8% | $4.39B |
| ASO | $6.19B | +3.7% | $395.85M | 6.4% | $4.38B |
| RH | $3.45B | +3.3% | $111.51M | 3.2% | $2.59B |
BQ FAQ
9 questionsWhat is BQ revenue?
Boqii Holding Limited (BQ) reported CN¥420.47M of revenue for fiscal 2026 (ended Mar 31, 2026). That is down 10.3% from the year before.Is BQ profitable?
No. Boqii Holding Limited reported a net loss of CN¥5.08M for fiscal 2026 (ended Mar 31, 2026).How much cash and debt does BQ have?
Boqii Holding Limited reported CN¥49.43M in cash and cash equivalents and CN¥16.00M of debt on its most recent balance sheet in SEC filings.How fast is BQ revenue growing?
Boqii Holding Limited's revenue changed -10.3% in fiscal 2026, to CN¥420.47M. Its compound annual growth rate was -16.1% over 5 years.What is BQ gross margin?
Boqii Holding Limited's gross profit was CN¥110.44M on CN¥420.47M of revenue for fiscal 2026 (ended Mar 31, 2026), a gross margin of 26.3%.What is BQ free cash flow?
Boqii Holding Limited generated -CN¥30.35M of free cash flow for fiscal 2026 (ended Mar 31, 2026), which is operating cash flow of -CN¥29.29M less capital expenditures.What is BQ earnings per share?
Diluted earnings per share were -CN¥1.47 for fiscal 2026 (ended Mar 31, 2026), from SEC filings, restated for any stock split those filings show.When did BQ last report financial results?
The latest statements here come from Boqii Holding Limited's 20-F filed on Jul 13, 2026, covering the period ended Mar 31, 2026.Where does this BQ financial data come from?
Quantisnow builds these statements from the structured XBRL data Boqii Holding Limited files with the SEC. It is provided for information only and is not investment advice.