Boqii Holding Limited (BQ) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Boqii Holding Limited (BQ) stock price & volume — 10-year historical chart
Boqii Holding Limited (BQ) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Boqii Holding Limited (BQ) competitors in Pet Products and Services Retail — business model, growth, and fundamentals comparison
Boqii Holding Limited (BQ) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Boqii Holding Limited (BQ) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 803.83M | 770.24M | 1.01B | 1.19B | 1.09B | 709.35M | 468.89M | 984.05M |
| Revenue Growth % | - | -4.18% | 31.26% | 17.35% | -7.95% | -35.05% | -33.9% | - |
| Cost of Goods Sold | 599.48M | 611.47M | 823.69M | 943.7M | 858.61M | 568.62M | 368.24M | 789.16M |
| COGS % of Revenue | 74.58% | 79.39% | 81.47% | 79.54% | 78.62% | 80.16% | 78.53% | - |
| Gross Profit | 204.35M▲ 0% | 158.77M▼ 22.3% | 187.3M▲ 18.0% | 242.73M▲ 29.6% | 233.49M▼ 3.8% | 140.74M▼ 39.7% | 100.65M▼ 28.5% | 194.88M▲ 0% |
| Gross Margin % | 25.42% | 20.61% | 18.53% | 20.46% | 21.38% | 19.84% | 21.47% | 19.8% |
| Gross Profit Growth % | - | -22.31% | 17.97% | 29.6% | -3.81% | -39.72% | -28.48% | - |
| Operating Expenses | 405.48M | 296.15M | 393.29M | 380.98M | 337.25M | 200.9M | 159.97M | 309.35M |
| OpEx % of Revenue | 50.44% | 38.45% | 38.9% | 32.11% | 30.88% | 28.32% | 34.12% | - |
| Selling, General & Admin | 409.33M | 298.55M | 394.36M | 381.26M | 296.86M | 144.36M | 125.14M | 256.89M |
| SG&A % of Revenue | 50.92% | 38.76% | 39.01% | 32.14% | 27.18% | 20.35% | 26.69% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -843K | -2.4M | -1.07M | -280K | 40.4M | 56.54M | 34.84M | -314K |
| Operating Income | -201.13M▲ 0% | -137.39M▲ 31.7% | -206M▼ 49.9% | -138.25M▲ 32.9% | -103.77M▲ 24.9% | -60.16M▲ 42.0% | -59.32M▲ 1.4% | -114.47M▲ 0% |
| Operating Margin % | -25.02% | -17.84% | -20.38% | -11.65% | -9.5% | -8.48% | -12.65% | -11.63% |
| Operating Income Growth % | - | 31.69% | -49.94% | 32.89% | 24.94% | 42.03% | 1.39% | - |
| EBITDA | -180.04M | -117.09M | -187.22M | -118.87M | -71.33M | -35.86M | -44.59M | -95.85M |
| EBITDA Margin % | -22.4% | -15.2% | -18.52% | -10.02% | -6.53% | -5.05% | -9.51% | -9.74% |
| EBITDA Growth % | - | 34.96% | -59.9% | 36.51% | 39.99% | 49.73% | -24.36% | - |
| D&A (Non-Cash Add-back) | 21.09M | 20.3M | 18.77M | 19.38M | 32.44M | 24.3M | 14.73M | 18.61M |
| EBIT | -213.1M | -116.66M | -165.74M | -113.93M | -93.45M | -62.55M | -52.87M | -87.47M |
| Net Interest Income | -18.54M | -58.87M | -10.1M | -5.41M | -5.93M | -4.69M | -5.53M | -6.42M |
| Interest Income | 114K | 400K | 17.55M | 15.48M | 7.42M | 2.64M | 972K | 14.09M |
| Interest Expense | 18.65M | 59.27M | 27.65M | 20.88M | 13.35M | 7.33M | 6.51M | 20.51M |
| Other Income/Expense | -30.63M | -39.06M | 11.91M | 3.85M | -3.12M | -9.67M | -76K | 5.88M |
| Pretax Income | -231.76M▲ 0% | -176.44M▲ 23.9% | -194.09M▼ 10.0% | -134.39M▲ 30.8% | -106.89M▲ 20.5% | -69.83M▲ 34.7% | -59.4M▲ 14.9% | -108.58M▲ 0% |
| Pretax Margin % | -28.83% | -22.91% | -19.2% | -11.33% | -9.79% | -9.84% | -12.67% | -11.03% |
| Income Tax | -141K | -512K | -871K | -1.57M | -911K | -927K | -801K | -354K |
| Effective Tax Rate % | 0.06% | 0.29% | 0.45% | 1.17% | 0.85% | 1.33% | 1.35% | 0.33% |
| Net Income | -234.24M▲ 0% | -179.02M▲ 23.6% | -194.44M▼ 8.6% | -128.39M▲ 34.0% | -102.8M▲ 19.9% | -63.66M▲ 38.1% | -54.13M▲ 15.0% | -107.91M▲ 0% |
| Net Margin % | -29.14% | -23.24% | -19.23% | -10.82% | -9.41% | -8.97% | -11.54% | -10.97% |
| Net Income Growth % | - | 23.57% | -8.61% | 33.97% | 19.93% | 38.07% | 14.98% | - |
| Net Income (Continuing) | -231.53M | -175.93M | -193.22M | -132.82M | -105.98M | -68.9M | -58.6M | -108.23M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 4.63M | 43.74M | 45.02M | 49.17M | 46.67M | 42.2M | 38.57M | 49.19M |
| EPS (Diluted) | -2054.25▲ 0% | -1279.95▲ 37.7% | -278.25▲ 78.3% | -417.75▼ 50.1% | -339.00▲ 18.9% | -208.05▲ 38.6% | -44.85▲ 78.4% | -353.05▲ 0% |
| EPS Growth % | - | 37.69% | 78.26% | -50.13% | 18.85% | 38.63% | 78.44% | - |
| EPS (Basic) | -2054.25 | -1279.95 | -278.25 | -417.75 | -339.00 | -145.20 | -44.85 | - |
| Diluted Shares Outstanding | 306K | 306K | 300.2K | 305.53K | 306.07K | 306.07K | 1.21M | 305.67K |
| Basic Shares Outstanding | 306K | 306K | 300.2K | 305.53K | 306.07K | 306.07K | 1.21M | 305.67K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Boqii Holding Limited (BQ) balance sheet — assets, liabilities & shareholders' equity
| Line item | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 172.6M | 279.09M | 694.79M | 578.55M | 406.18M | 278.25M | 222.32M | 519.06M |
| Cash & Short-Term Investments | 23.84M | 88.35M | 460.78M | 290.94M | 159.65M | 72.72M | 42.66M | 210.28M |
| Cash Only | 23.84M | 88.35M | 292.24M | 162.85M | 89.85M | 72.72M | 38.66M | 85.14M |
| Short-Term Investments | 0 | 0 | 168.55M | 128.08M | 69.8M | 0 | 4M | 125.14M |
| Accounts Receivable | 58.3M | 106.35M | 80.55M | 108.13M | 86.12M | 75.12M | 60.97M | 101M |
| Days Sales Outstanding | 26.47 | 50.4 | 29.08 | 33.27 | 28.78 | 38.65 | 47.46 | 26.7 |
| Inventory | 69.37M | 63.06M | 91.55M | 109.92M | 81.05M | 55.19M | 40.08M | 107.26M |
| Days Inventory Outstanding | 42.24 | 37.64 | 40.57 | 42.51 | 34.46 | 35.43 | 39.72 | 43.85 |
| Other Current Assets | 4.82M | 4.41M | 7.24M | 15.91M | 54.14M | 15.75M | 16.88M | 0 |
| Total Non-Current Assets | 62.91M | 178.1M | 185.78M | 199.75M | 134.62M | 104.96M | 93.84M | 210.25M |
| Property, Plant & Equipment | 26.99M | 19.93M | 37.62M | 46.35M | 27.85M | 12.05M | 7.33M | 45.99M |
| Fixed Asset Turnover | 29.78x | 38.64x | 26.87x | 25.60x | 39.22x | 58.85x | 63.94x | 23.04x |
| Goodwill | 494K | 40.18M | 40.18M | 40.68M | 0 | 0 | 0 | 40.68M |
| Intangible Assets | 1.99M | 33.54M | 29.54M | 25.54M | 21.59M | 17.91M | 14.67M | 23.57M |
| Long-Term Investments | 27.34M | 73.43M | 74.33M | 82.32M | 75.61M | 65.89M | 64.99M | 313.19M |
| Other Non-Current Assets | 6.09M | 11.02M | 4.11M | 4.86M | 6.59M | 9.11M | 6.85M | 60.41M |
| Total Assets | 235.51M▲ 0% | 457.19M▲ 94.1% | 880.57M▲ 92.6% | 778.31M▼ 11.6% | 540.8M▼ 30.5% | 383.21M▼ 29.1% | 316.17M▼ 17.5% | 729.31M▲ 0% |
| Asset Turnover | 3.41x | 1.68x | 1.15x | 1.52x | 2.02x | 1.85x | 1.48x | 1.30x |
| Asset Growth % | - | 94.13% | 92.6% | -11.61% | -30.52% | -29.14% | -17.5% | -11.61% |
| Total Current Liabilities | 294.48M | 311.89M | 216.61M | 315.86M | 196.14M | 72.04M | 45.87M | 280.57M |
| Accounts Payable | 105.98M | 88M | 71.85M | 94.22M | 56.02M | 24.28M | 19.56M | 79.19M |
| Days Payables Outstanding | 64.53 | 52.53 | 31.84 | 36.44 | 23.82 | 15.58 | 19.39 | 36.48 |
| Short-Term Debt | 92.14M | 151.47M | 85.57M | 161.13M | 86.26M | 15.21M | 9.06M | 142.34M |
| Deferred Revenue (Current) | 9.07M | 15.53M | 7.4M | 10.78M | 7.55M | 4.25M | 3.91M | 21.63M |
| Other Current Liabilities | 39.7M | 20.06M | 16.25M | 14.72M | 17.64M | 10.3M | 3.6M | 12.97M |
| Current Ratio | 0.59x | 0.89x | 3.21x | 1.83x | 2.07x | 3.86x | 4.85x | 4.85x |
| Quick Ratio | 0.35x | 0.69x | 2.78x | 1.48x | 1.66x | 3.10x | 3.97x | 3.97x |
| Cash Conversion Cycle | 4.18 | 35.5 | 37.81 | 39.34 | 39.42 | 58.49 | 67.8 | 34.07 |
| Total Non-Current Liabilities | 1.56B | 2.1B | 536.27M | 214.11M | 119.71M | 50.29M | 41.92M | 156.75M |
| Long-Term Debt | 50.35M | 218.92M | 501.37M | 179.56M | 101.33M | 42.44M | 38.44M | 124.4M |
| Capital Lease Obligations | 5.1M | 5.38M | 20M | 28.2M | 12.74M | 3.12M | 851K | 99.22M |
| Deferred Tax Liabilities | 1.81M | 10.59M | 8.96M | 4.85M | 4.14M | 3.23M | 2.43M | 28.27M |
| Other Non-Current Liabilities | 1.5B | 1.87B | 5.95M | 1.5M | 1.5M | 1.5M | 200K | 2.66B |
| Total Liabilities | 1.85B | 2.42B | 752.88M | 529.96M | 315.85M | 122.33M | 87.79M | 437.31M |
| Total Debt | 162.58M | 383.74M | 614.99M | 380.39M | 209.55M | 66.38M | 50.06M | 305.89M |
| Net Debt | 138.74M | 295.39M | 322.76M | 217.53M | 119.7M | -6.34M | 11.4M | 220.76M |
| Debt / Equity | - | - | 4.82x | 1.53x | 0.93x | 0.25x | 0.22x | 0.22x |
| Debt / EBITDA | - | - | - | - | - | - | - | -3.19x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | -2.30x |
| Interest Coverage | -10.78x | -2.32x | -7.45x | -6.62x | -7.77x | -8.21x | -9.12x | -4.26x |
| Total Equity | -1.62B▲ 0% | -1.96B▼ 21.0% | 127.69M▲ 106.5% | 248.34M▲ 94.5% | 224.95M▼ 9.4% | 260.88M▲ 16.0% | 228.38M▼ 12.5% | 292M▲ 0% |
| Equity Growth % | - | -21.05% | 106.52% | 94.49% | -9.42% | 15.97% | -12.46% | 94.49% |
| Book Value per Share | -5289.01 | -6402.14 | 425.36 | 812.83 | 734.97 | 852.37 | 189.45 | 955.28 |
| Total Shareholders' Equity | -1.62B | -2B | 82.67M | 199.18M | 178.28M | 218.68M | 189.81M | 242.8M |
| Common Stock | 130K | 139K | 446K | 454K | 455K | 1.04M | 3.2M | 455K |
| Retained Earnings | -1.63B | -2.02B | -2.76B | -2.89B | -2.99B | -3.06B | -3.12B | -2.92B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 7.62M | 13.83M | -17.13M | -42.64M | -33.31M | -35.6M | -33.89M | -20.11M |
| Minority Interest | 4.63M | 43.74M | 45.02M | 49.17M | 46.67M | 42.2M | 38.57M | 49.19M |
Boqii Holding Limited (BQ) cash flow — operating, investing & free cash flow history
| Line item | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -206.22M | -165.91M | -247.49M | -147.5M | -54.07M | -25.43M | -66.83M | -66.83M |
| Operating CF Margin % | -25.66% | -21.54% | -24.48% | -12.43% | -4.95% | -3.58% | -14.25% | - |
| Operating CF Growth % | - | 19.55% | -49.17% | 40.4% | 63.34% | 52.97% | -162.83% | 65.71% |
| Net Income | -231.53M | -175.93M | -193.22M | -132.82M | -105.98M | -68.9M | -58.6M | -107.91M |
| Depreciation & Amortization | 21.09M | 20.3M | 18.77M | 19.38M | 32.44M | 24.3M | 14.73M | 123.27M |
| Stock-Based Compensation | 0 | 0 | 55.02M | 14.41M | -7.68M | 679K | 81K | 452.68M |
| Deferred Taxes | -141K | -661K | -1.89M | -989K | -989K | -907K | -801K | -11.75M |
| Other Non-Cash Items | 18.71M | 32.46M | -10.37M | 2.53M | 45.15M | 11.45M | -104K | -1.62B |
| Working Capital Changes | -17.23M | -42.08M | -115.81M | -50.01M | -17.01M | 7.95M | -22.14M | 301.37M |
| Change in Receivables | -10.54M | -16.01M | -880K | -6.13M | -27.45M | 29.59M | 8.01M | -307.12M |
| Change in Inventory | 14.45M | 15.49M | -38.84M | -23.18M | 30.58M | 26.54M | 15.13M | -539.91M |
| Change in Payables | -15.75M | -19.54M | -22.03M | 18.11M | -36.34M | -31.5M | -4.63M | -71.09M |
| Cash from Investing | -22.56M | -75.06M | -184.42M | 21.15M | 46.5M | 47.81M | 24.6M | -350.98M |
| Capital Expenditures | -2.05M | -1.21M | -6.51M | -3.1M | -1.85M | -527K | -3.3M | -37.5M |
| CapEx % of Revenue | 0.26% | 0.16% | 0.64% | 0.26% | 0.17% | 0.07% | 0.7% | - |
| Acquisitions | -643K | 1.8M | 50K | -127K | -2.94M | -29.13M | 29.09M | -806.74K |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | -9.15M | -25.66M | -9.42M | -295K | -6.96M | -394K | 2.51M | -312.68M |
| Cash from Financing | 199.31M | 295.03M | 648.49M | 2M | -76.66M | -33.13M | 8.15M | -5.22B |
| Debt Issued (Net) | 131.18M | 253.84M | -100.04M | 727K | -76.68M | -69.08M | -6.37M | 0 |
| Equity Issued (Net) | 1000K | 1000K | 1000K | 0 | 0 | 1000K | 1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 9K | 1.27M | 25K | 29K | 0 | -5.22B |
| Net Change in Cash | -22.99M▲ 0% | 61.13M▲ 365.9% | 203.88M▲ 233.5% | -129.38M▼ 163.5% | -73M▲ 43.6% | -17.13M▲ 76.5% | -34.06M▼ 98.9% | -7B▲ 0% |
| Free Cash Flow | -208.28M▲ 0% | -167.12M▲ 19.8% | -254M▼ 52.0% | -150.6M▲ 40.7% | -55.92M▲ 62.9% | -25.99M▲ 53.5% | -70.14M▼ 169.9% | -1.4B▲ 0% |
| FCF Margin % | -25.91% | -21.7% | -25.12% | -12.69% | -5.12% | -3.66% | -14.96% | -142.11% |
| FCF Growth % | - | 19.76% | -51.99% | 40.71% | 62.87% | 53.52% | -169.86% | - |
| FCF per Share | -680.64 | -546.14 | -846.09 | -492.93 | -182.72 | -84.92 | -58.18 | -58.18 |
| FCF Conversion (FCF/Net Income) | 0.88x | 0.93x | 1.27x | 1.15x | 0.53x | 0.40x | 1.23x | 12.96x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Boqii Holding Limited (BQ) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -152.27% | -68.29% | -43.44% | -26.21% | -22.13% | -36.96% |
| Return on Invested Capital (ROIC) | - | -34.3% | -22.63% | -19.2% | -15.06% | -18% | -18% |
| Gross Margin | 20.61% | 18.53% | 20.46% | 21.38% | 19.84% | 21.47% | 19.8% |
| Net Margin | -23.24% | -19.23% | -10.82% | -9.41% | -8.97% | -11.54% | -10.97% |
| Debt / Equity | - | 4.82x | 1.53x | 0.93x | 0.25x | 0.22x | 0.22x |
| Interest Coverage | -2.32x | -7.45x | -6.62x | -7.77x | -8.21x | -9.12x | -4.26x |
| FCF Conversion | 0.93x | 1.27x | 1.15x | 0.53x | 0.40x | 1.23x | 12.96x |
| Revenue Growth | -4.18% | 31.26% | 17.35% | -7.95% | -35.05% | -33.9% | - |
Boqii Holding Limited (BQ) stock FAQ — growth, dividends, profitability & financials explained
Boqii Holding Limited (BQ) reported $984.0M in revenue for fiscal year 2025. This represents a 22% increase from $803.8M in 2019.
Boqii Holding Limited (BQ) saw revenue decline by 33.9% over the past year.
Boqii Holding Limited (BQ) reported a net loss of $107.9M for fiscal year 2025.
Boqii Holding Limited (BQ) has a return on equity (ROE) of -22.1%. Negative ROE indicates the company is unprofitable.
Boqii Holding Limited (BQ) had negative free cash flow of $1.40B in fiscal year 2025, likely due to heavy capital investments.
Boqii Holding Limited (BQ) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates