Boqii Holding Limited (BQ) Revenue History
Annual and quarterly revenue from 2019 to 2025
Compound Annual Growth Rate (CAGR)
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BQ Revenue Growth
Revenue Breakdown (FY 2023)
BQ's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
BQ Revenue Analysis (2019–2025)
As of May 8, 2026, Boqii Holding Limited (BQ) generated trailing twelve-month (TTM) revenue of $984.0 million. The most recent quarter (Q2 2023) recorded $274.6 million in revenue, up 9.9% sequentially.
Looking at the longer-term picture, BQ's 5-year compound annual growth rate (CAGR) stands at -9.4%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $1.19 billion in 2022.
Revenue diversification analysis shows BQ's business is primarily driven by Product Sales (96%), and Online Marketing And Information Services And Other Revenue (4%). With over half of revenue concentrated in Product Sales, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including CHWY (+9.0% YoY), WOOF (-2.5% YoY), and FRPT (+12.0% YoY). Compare BQ vs CHWY →
BQ Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BQCurrent | $984M | - | -9.4% | -12.7% | |
 CHWY | $11.9B | +9.0% | +19.6% | 0.9% | |
 WOOF | $6.0B | -2.5% | +3.9% | 2.0% | |
 FRPT | $1.1B | +12.0% | +28.2% | 8.6% | |
 PETS | $227M | -24.8% | -4.4% | -0.7% | |
 BARK | $484M | -13.6% | +16.6% | -7.3% |
BQ Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $468.9M | -33.9% | $100.7M | 21.5% | $-59,321,000 | -12.7% |
| 2024 | $709.4M | -35.0% | $140.7M | 19.8% | $-60,159,000 | -8.5% |
| 2023 | $1.09B | -8.0% | $233.5M | 21.4% | $-103,768,000 | -9.5% |
| 2022 | $1.19B | +17.4% | $242.7M | 20.5% | $-138,249,000 | -11.7% |
| 2021 | $1.01B | +31.3% | $187.3M | 18.5% | $-205,995,000 | -20.4% |
| 2020 | $770.2M | -4.2% | $158.8M | 20.6% | $-137,386,000 | -17.8% |
| 2019 | $803.8M | - | $204.4M | 25.4% | $-201,130,000 | -25.0% |
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Start ComparisonBQ — Frequently Asked Questions
Quick answers to the most common questions about buying BQ stock.
Is BQ's revenue growth accelerating or slowing?
BQ TTM revenue: $984M. YoY growth: N/A. 5-year CAGR: -9.4%.
What is BQ's long-term revenue growth rate?
Boqii Holding Limited's 5-year revenue CAGR of -9.4% reflects the variable expansion pattern. Current YoY growth of N/A is near this long-term average.
How is BQ's revenue distributed by segment?
BQ reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2025 are available for download. Segment mix reveals concentration and diversification trends.