MOGU revenueFY2026CN¥125.43M
- FY YoY
- -11.2%
- 5Y CAGR
- -23.6%
MOGU revenue was CN¥125.43M for fiscal 2026 (ended Mar 31, 2026), down 11.2% from fiscal 2025. Compound annual growth was -23.6% over 5 years. It rose in 1 of the last 9 fiscal years.
MOGU Inc. (MOGU) financials
For fiscal 2026 (ended Mar 31, 2026), MOGU Inc. reported CN¥125.43M of revenue and CN¥1.84M of net income. Figures are in CNY, the currency of its SEC filings.
- Revenue, FY2026
- CN¥125.43M
- Revenue growth, YoY
- -11.2%
- Net income, FY2026
- CN¥1.84M
- Net margin
- 1.5%
- Free cash flow, FY2026
- -CN¥51.51M
- EPS, diluted, FY2026
- CN¥0.00
- Cash
- CN¥133.63M
FY2017FY2026
FY2017FY2026
FY2017FY2026
MOGU revenue and earnings growth
MOGU net incomeFY2026CN¥1.84M
MOGU net income was CN¥1.84M for fiscal 2026 (ended Mar 31, 2026), compared with -CN¥62.56M in fiscal 2025. Fiscal 2026 is the highest of the 10 fiscal years on file.
MOGU EPSFY2026CN¥0.00
MOGU diluted EPS was CN¥0.00 for fiscal 2026 (ended Mar 31, 2026), compared with -CN¥0.02 in fiscal 2025.
MOGU free cash flowFY2026-CN¥51.51M
MOGU free cash flow was -CN¥51.51M for fiscal 2026 (ended Mar 31, 2026), compared with -CN¥78.00M 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 | Mar 31, 2018 | Mar 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥125.43M | CN¥141.23M | CN¥160.34M | CN¥232.08M | CN¥337.47M | CN¥482.39M | CN¥835.31M | CN¥1.07B | CN¥973.21M | CN¥1.11B |
| Cost of revenue | CN¥89.58M | CN¥84.76M | CN¥91.19M | CN¥113.88M | CN¥159.60M | CN¥183.11M | CN¥293.76M | CN¥313.79M | CN¥317.73M | CN¥377.76M |
| Gross profit | CN¥35.85M | CN¥56.47M | CN¥69.15M | CN¥118.19M | CN¥177.87M | CN¥299.28M | CN¥541.56M | CN¥760.49M | CN¥655.48M | CN¥732.11M |
| Research and development | CN¥28.78M | CN¥29.97M | CN¥26.72M | CN¥37.07M | CN¥82.64M | CN¥103.47M | CN¥171.14M | CN¥236.45M | CN¥289.27M | CN¥418.50M |
| Selling, general and admin | CN¥49.39M | CN¥56.67M | CN¥55.15M | CN¥63.45M | CN¥79.18M | CN¥103.04M | CN¥128.15M | CN¥168.38M | CN¥100.11M | CN¥123.40M |
| Operating income | -CN¥72.21M | -CN¥101.14M | -CN¥79.17M | -CN¥187.45M | -CN¥670.48M | -CN¥428.92M | -CN¥2.07B | -CN¥574.18M | -CN¥847.42M | -CN¥1.07B |
| Interest expense | CN¥11.0K | CN¥1.0K | CN¥191.0K | CN¥598.0K | CN¥0 | CN¥0 | - | - | - | - |
| Pre-tax income | CN¥9.35M | -CN¥59.73M | -CN¥68.58M | -CN¥188.39M | -CN¥656.89M | -CN¥322.79M | -CN¥2.22B | -CN¥503.49M | -CN¥646.72M | -CN¥1.05B |
| Income tax | CN¥6.13M | CN¥839.0K | -CN¥1.62M | -CN¥1.98M | -CN¥14.51M | CN¥5.18M | -CN¥590.0K | -CN¥17.22M | -CN¥88.67M | -CN¥107.69M |
| Net income | CN¥1.84M | -CN¥62.56M | -CN¥59.28M | -CN¥177.98M | -CN¥639.80M | -CN¥327.97M | -CN¥2.22B | -CN¥486.27M | -CN¥558.17M | -CN¥939.14M |
| EPS, basic | CN¥0.00 | -CN¥0.02 | -CN¥0.02 | -CN¥0.07 | -CN¥0.25 | -CN¥0.12 | -CN¥0.82 | -CN¥0.87 | -CN¥2.26 | -CN¥2.77 |
| EPS, diluted | CN¥0.00 | -CN¥0.02 | -CN¥0.02 | -CN¥0.07 | -CN¥0.25 | -CN¥0.12 | -CN¥0.82 | -CN¥0.87 | -CN¥2.26 | -CN¥2.77 |
| Diluted shares | 2.64B | 2.63B | 2.60B | 2.55B | 2.52B | 2.63B | 2.72B | 1.25B | 550.8M | 555.7M |
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 | Mar 31, 2018 | Mar 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | CN¥133.63M | CN¥82.02M | CN¥359.30M | CN¥417.01M | CN¥439.42M | CN¥542.88M | CN¥857.37M | CN¥1.28B | CN¥1.23B | CN¥1.27B |
| Short-term investments | CN¥161.51M | CN¥297.57M | CN¥61.31M | CN¥145.84M | CN¥196.85M | CN¥260.25M | CN¥238.00M | CN¥212.00M | CN¥130.00M | - |
| Receivables | CN¥8.53M | CN¥56.32M | CN¥19.87M | CN¥40.18M | - | - | - | - | - | - |
| Inventory | CN¥46.0K | CN¥11.0K | CN¥98.0K | CN¥144.0K | CN¥79.0K | CN¥240.0K | CN¥2.93M | CN¥5.04M | CN¥110.0K | - |
| Current assets | CN¥342.12M | CN¥485.56M | CN¥507.81M | CN¥665.61M | CN¥718.91M | CN¥987.07M | CN¥1.31B | CN¥1.78B | CN¥1.66B | - |
| Goodwill | - | CN¥0 | CN¥0 | CN¥0 | CN¥63.46M | CN¥186.50M | CN¥186.50M | CN¥1.57B | CN¥1.57B | CN¥1.57B |
| Total assets | CN¥826.91M | CN¥858.23M | CN¥938.36M | CN¥1.01B | CN¥1.17B | CN¥1.84B | CN¥2.44B | CN¥4.60B | CN¥3.58B | - |
| Current liabilities | CN¥318.55M | CN¥320.88M | CN¥321.84M | CN¥335.67M | CN¥321.82M | CN¥365.28M | CN¥435.11M | CN¥548.90M | CN¥670.07M | - |
| Short-term debt | - | - | - | CN¥0 | CN¥10.06M | CN¥0 | - | - | - | - |
| Total liabilities | CN¥318.79M | CN¥321.23M | CN¥323.91M | CN¥339.79M | CN¥334.82M | CN¥384.96M | CN¥460.28M | CN¥556.11M | CN¥695.31M | - |
| Shareholders' equity | CN¥508.12M | CN¥508.95M | CN¥614.45M | CN¥671.36M | CN¥832.15M | CN¥1.45B | CN¥1.98B | CN¥4.05B | -CN¥4.50B | -CN¥3.20B |
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 | Mar 31, 2018 | Mar 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -CN¥47.42M | -CN¥67.92M | -CN¥40.46M | -CN¥10.09M | -CN¥114.41M | -CN¥77.93M | -CN¥311.79M | -CN¥325.81M | -CN¥314.86M | -CN¥832.50M |
| Capital expenditures | CN¥4.09M | CN¥10.08M | CN¥94.16M | CN¥18.96M | CN¥55.14M | CN¥152.65M | CN¥10.43M | CN¥8.65M | CN¥5.17M | CN¥23.66M |
| Free cash flow | -CN¥51.51M | -CN¥78.00M | -CN¥134.62M | -CN¥29.05M | -CN¥169.55M | -CN¥230.58M | -CN¥322.22M | -CN¥334.46M | -CN¥320.03M | -CN¥856.16M |
| Investing cash flow | CN¥99.33M | -CN¥207.93M | -CN¥19.77M | CN¥608.0K | CN¥13.95M | -CN¥96.66M | -CN¥113.15M | -CN¥82.84M | CN¥340.46M | -CN¥541.64M |
| Financing cash flow | CN¥8.0K | -CN¥822.0K | CN¥0 | -CN¥12.06M | CN¥450.0K | -CN¥119.25M | -CN¥29.33M | CN¥414.87M | CN¥7.14M | CN¥194.96M |
| Share repurchases | CN¥0 | CN¥822.0K | CN¥0 | CN¥1.33M | CN¥9.69M | CN¥119.86M | CN¥6.57M | - | - | - |
| Stock-based compensation | CN¥16.0K | CN¥839.0K | CN¥4.59M | CN¥13.56M | CN¥12.46M | CN¥26.30M | CN¥32.19M | CN¥103.07M | CN¥16.84M | CN¥20.74M |
| Depreciation and amortization | CN¥11.46M | CN¥11.61M | CN¥9.99M | CN¥65.30M | CN¥333.55M | CN¥351.13M | CN¥338.47M | CN¥206.38M | CN¥446.40M | CN¥536.45M |
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 | Mar 31, 2018 | Mar 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -11.2% | -11.9% | -30.9% | -31.2% | -30.0% | -42.3% | -22.2% | 10.4% | -12.3% | - |
| Gross margin | 28.6% | 40.0% | 43.1% | 50.9% | 52.7% | 62.0% | 64.8% | 70.8% | 67.4% | 66.0% |
| Operating margin | -57.6% | -71.6% | -49.4% | -80.8% | -198.7% | -88.9% | -248.2% | -53.4% | -87.1% | -96.5% |
| Net margin | 1.5% | -44.3% | -37.0% | -76.7% | -189.6% | -68.0% | -266.2% | -45.3% | -57.4% | -84.6% |
| Free cash flow margin | -41.1% | -55.2% | -84.0% | -12.5% | -50.2% | -47.8% | -38.6% | -31.1% | -32.9% | -77.1% |
| Return on equity | 0.4% | -12.3% | -9.6% | -26.5% | -76.9% | -22.5% | -112.3% | -12.0% | - | - |
| Return on assets | 0.2% | -7.3% | -6.3% | -17.6% | -54.8% | -17.8% | -91.1% | -10.6% | -15.6% | - |
| Current ratio | 1.07 | 1.51 | 1.58 | 1.98 | 2.23 | 2.70 | 3.01 | 3.24 | 2.47 | - |
Source: XBRL data MOGU Inc. files with the SEC, latest filing dated Jul 24, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
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.
MOGU peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| MOGU | CN¥125.43M | -11.2% | CN¥1.84M | 1.5% | $13.9M |
| V | $45.90B | +14.8% | $23.50B | 51.2% | $761.17B |
| MA | $36.29B | +15.3% | $16.96B | 46.7% | $571.32B |
| BABA | CN¥1.02T | +2.7% | CN¥103.59B | 10.1% | $255.28B |
| ACN | $74.18B | +6.5% | $8.37B | 11.3% | $170.10B |
| UBER | $56.53B | +13.9% | $3.46B | 6.1% | $145.32B |
| PDD | CN¥431.85B | +9.7% | CN¥97.84B | 22.7% | $114.58B |
| DASH | $17.06B | +35.0% | $1.06B | 6.2% | $78.89B |
| MELI | $38.52B | +47.1% | $1.89B | 4.9% | $77.70B |
MOGU FAQ
9 questionsWhat is MOGU revenue?
MOGU Inc. (MOGU) reported CN¥125.43M of revenue for fiscal 2026 (ended Mar 31, 2026). That is down 11.2% from the year before.Is MOGU profitable?
Yes. MOGU Inc. earned CN¥1.84M in net income for fiscal 2026 (ended Mar 31, 2026), a net margin of 1.5%.How much cash and debt does MOGU have?
MOGU Inc. reported CN¥133.63M in cash and cash equivalents on its most recent balance sheet in SEC filings.How fast is MOGU revenue growing?
MOGU Inc.'s revenue changed -11.2% in fiscal 2026, to CN¥125.43M. Its compound annual growth rate was -23.6% over 5 years.What is MOGU gross margin?
MOGU Inc.'s gross profit was CN¥35.85M on CN¥125.43M of revenue for fiscal 2026 (ended Mar 31, 2026), a gross margin of 28.6%.What is MOGU free cash flow?
MOGU Inc. generated -CN¥51.51M of free cash flow for fiscal 2026 (ended Mar 31, 2026), which is operating cash flow of -CN¥47.42M less capital expenditures.What is MOGU earnings per share?
Diluted earnings per share were CN¥0.00 for fiscal 2026 (ended Mar 31, 2026), from SEC filings, restated for any stock split those filings show.When did MOGU last report financial results?
The latest statements here come from MOGU Inc.'s 20-F filed on Jul 24, 2026, covering the period ended Mar 31, 2026.Where does this MOGU financial data come from?
Quantisnow builds these statements from the structured XBRL data MOGU Inc. files with the SEC. It is provided for information only and is not investment advice.