MOGU Inc. (MOGU) 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.
MOGU Inc. (MOGU) stock price & volume — 10-year historical chart
MOGU Inc. (MOGU) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
MOGU Inc. (MOGU) competitors in Apparel and Fashion Retail — business model, growth, and fundamentals comparison
MOGU Inc. (MOGU) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MOGU Inc. (MOGU) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 1.11B | 973.21M | 1.07B | 835.31M | 482.39M | 337.47M | 232.08M | 160.34M | 141.23M |
| Revenue Growth % | - | -12.31% | 10.39% | -22.24% | -42.25% | -30.04% | -31.23% | -30.91% | -11.92% |
| Cost of Goods Sold | 377.76M | 317.73M | 313.79M | 293.76M | 183.11M | 159.6M | 113.88M | 91.19M | 84.76M |
| COGS % of Revenue | 34.04% | 32.65% | 29.21% | 35.17% | 37.96% | 47.29% | 49.07% | 56.87% | 60.02% |
| Gross Profit | 732.11M▲ 0% | 655.48M▼ 10.5% | 760.49M▲ 16.0% | 541.56M▼ 28.8% | 299.28M▼ 44.7% | 177.87M▼ 40.6% | 118.19M▼ 33.6% | 69.15M▼ 41.5% | 56.47M▼ 18.3% |
| Gross Margin % | 65.96% | 67.35% | 70.79% | 64.83% | 62.04% | 52.71% | 50.93% | 43.13% | 39.98% |
| Gross Profit Growth % | - | -10.47% | 16.02% | -28.79% | -44.74% | -40.57% | -33.55% | -41.49% | -18.34% |
| Operating Expenses | 1.68B | 1.52B | 1.33B | 1.23B | 728.2M | 848.89M | 305.64M | 148.32M | 157.61M |
| OpEx % of Revenue | 150.96% | 156.47% | 124.24% | 147.52% | 150.96% | 251.55% | 131.7% | 92.5% | 111.6% |
| Selling, General & Admin | 816.15M | 848.03M | 912.11M | 741.34M | 332.81M | 227.59M | 131.15M | 122.54M | 114.63M |
| SG&A % of Revenue | 73.53% | 87.14% | 84.9% | 88.75% | 68.99% | 67.44% | 56.51% | 76.42% | 81.16% |
| Research & Development | 418.5M | 289.27M | 236.45M | 171.14M | 103.47M | 82.64M | 37.07M | 26.72M | 29.97M |
| R&D % of Revenue | 37.71% | 29.72% | 22.01% | 20.49% | 21.45% | 24.49% | 15.97% | 16.67% | 21.22% |
| Other Operating Expenses | 440.83M | 385.44M | 186.88M | 319.82M | 291.92M | 538.66M | 137.42M | -938K | 13.02M |
| Operating Income | -1.07B▲ 0% | -847.42M▲ 20.9% | -574.18M▲ 32.2% | 757.96M▲ 232.0% | -428.92M▼ 156.6% | -670.48M▼ 56.3% | -187.45M▲ 72.0% | -79.17M▲ 57.8% | -101.14M▼ 27.7% |
| Operating Margin % | -96.53% | -87.07% | -53.45% | 90.74% | -88.92% | -198.68% | -80.77% | -49.38% | -71.61% |
| Operating Income Growth % | - | 20.9% | 32.24% | 232.01% | -156.59% | -56.32% | 72.04% | 57.76% | -27.75% |
| EBITDA | -534.89M | -401.02M | -379.31M | 1.1B | -77.8M | -336.93M | -113.53M | -65.09M | -87.64M |
| EBITDA Margin % | -48.19% | -41.21% | -35.31% | 131.26% | -16.13% | -99.84% | -48.92% | -40.6% | -62.05% |
| EBITDA Growth % | - | 25.03% | 5.41% | 389.06% | -107.1% | -333.1% | 66.3% | 42.66% | -34.63% |
| D&A (Non-Cash Add-back) | 536.45M | 446.4M | 194.87M | 338.47M | 351.13M | 333.55M | 73.91M | 14.08M | 13.5M |
| EBIT | -935.47M | -867.27M | -569.51M | -688.57M | -435.97M | -656.35M | -188.67M | -65.5M | -57.19M |
| Net Interest Income | 24.51M | 33.46M | 33.7M | 29.31M | 19.6M | 13.9M | 16.79M | 12.53M | 5.9M |
| Interest Income | 24.51M | 33.46M | 33.7M | 29.31M | 19.6M | 13.9M | 16.79M | 12.72M | 5.91M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 191K | 1K |
| Other Income/Expense | 24.51M | 200.7M | 64.94M | -37.24M | 106.13M | 13.6M | -941K | 10.6M | 41.41M |
| Pretax Income | -1.05B▲ 0% | -641.74M▲ 38.7% | -509.24M▲ 20.6% | -2.11B▼ 314.4% | -322.79M▲ 84.7% | -656.89M▼ 103.5% | -188.39M▲ 71.3% | -68.58M▲ 63.6% | -59.73M▲ 12.9% |
| Pretax Margin % | -94.32% | -65.94% | -47.4% | -252.61% | -66.91% | -194.65% | -81.18% | -42.77% | -42.29% |
| Income Tax | -107.69M | -88.67M | -17.22M | -590K | 5.18M | -14.51M | -1.98M | -1.62M | 839K |
| Effective Tax Rate % | 10.29% | 13.82% | 3.38% | 0.03% | -1.61% | 2.21% | 1.05% | 2.36% | -1.4% |
| Net Income | -939.14M▲ 0% | -558.17M▲ 40.6% | -486.27M▲ 12.9% | -2.22B▼ 357.3% | -328.01M▲ 85.2% | -639.8M▼ 95.1% | -177.98M▲ 72.2% | -59.28M▲ 66.7% | -62.56M▼ 5.5% |
| Net Margin % | -84.62% | -57.35% | -45.27% | -266.2% | -68% | -189.59% | -76.69% | -36.97% | -44.29% |
| Net Income Growth % | - | 40.57% | 12.88% | -357.28% | 85.25% | -95.06% | 72.18% | 66.69% | -5.52% |
| Net Income (Continuing) | -939.14M | -558.05M | -486.27M | -2.22B | -327.97M | -642.37M | -186.41M | -66.96M | -60.57M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -3K | 0 | 0 | 0 | 0 | 42.42M | 34M | 26.06M | 28.05M |
| EPS (Diluted) | -511.48▲ 0% | -68.93▲ 86.5% | -54.54▲ 20.9% | -234.00▼ 329.0% | -36.00▲ 84.6% | -75.00▼ 108.3% | -21.00▲ 72.0% | -6.84▲ 67.4% | -7.17▼ 4.8% |
| EPS Growth % | - | 86.52% | 20.88% | -329.04% | 84.62% | -108.33% | 72% | 67.43% | -4.82% |
| EPS (Basic) | -513.86 | -68.93 | -54.62 | -234.00 | -36.00 | -75.00 | -20.91 | -6.84 | -7.77 |
| Diluted Shares Outstanding | 1.84M | 8.1M | 8.91M | 9.06M | 8.77M | 8.4M | 8.51M | 8.66M | 8.73M |
| Basic Shares Outstanding | 1.83M | 8.1M | 8.9M | 9.04M | 8.77M | 8.4M | 8.48M | 8.66M | 8.04M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
MOGU Inc. (MOGU) balance sheet — assets, liabilities & shareholders' equity
| Line item | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 2.48B | 1.66B | 1.78B | 1.31B | 987.07M | 718.91M | 665.61M | 507.81M | 485.56M |
| Cash & Short-Term Investments | 1.67B | 1.35B | 1.49B | 1.09B | 802.32M | 635.46M | 562.04M | 420.1M | 379.59M |
| Cash Only | 1.27B | 1.22B | 1.28B | 856.57M | 542.08M | 438.61M | 416.2M | 358.79M | 82.02M |
| Short-Term Investments | 400.58M | 130M | 212M | 238M | 260.25M | 196.85M | 145.84M | 61.31M | 297.57M |
| Accounts Receivable | 740.57M | 89.75M | 120.9M | 53.22M | 41.23M | 26.79M | 8.49M | 17.11M | 501K |
| Days Sales Outstanding | 243.55 | 33.66 | 41.08 | 23.25 | 31.2 | 28.97 | 13.35 | 38.95 | 1.29 |
| Inventory | 4.1M | 110K | 5.04M | 2.93M | 240K | 79K | 144K | 98K | 11K |
| Days Inventory Outstanding | 3.96 | 0.13 | 5.86 | 3.64 | 0.48 | 0.18 | 0.46 | 0.39 | 0.05 |
| Other Current Assets | 750.76M | 251.2M | 245.18M | 133.71M | 126.66M | 48.92M | 72.04M | 43.44M | 102.59M |
| Total Non-Current Assets | 2.21B | 1.92B | 2.83B | 1.13B | 852.78M | 448.07M | 345.54M | 430.55M | 372.67M |
| Property, Plant & Equipment | 99.69M | 16.51M | 11.97M | 14.11M | 10.78M | 7.7M | 200.03M | 302.32M | 282.22M |
| Fixed Asset Turnover | 11.13x | 58.94x | 89.71x | 59.20x | 44.75x | 43.82x | 1.16x | 0.53x | 0.50x |
| Goodwill | 1.57B | 1.57B | 1.57B | 186.5M | 186.5M | 63.46M | 0 | 0 | 0 |
| Intangible Assets | 500.9M | 116.77M | 1B | 813.01M | 426M | 89.82M | 12.55M | 949K | 718K |
| Long-Term Investments | 10.94M | 201.04M | 241.72M | 102.37M | 66.38M | 72.12M | 69.32M | 81.81M | 49.97M |
| Other Non-Current Assets | 28.52M | 18.75M | 763K | 14.18M | 163.11M | 214.96M | 63.64M | 45.47M | 39.76M |
| Total Assets | 4.68B▲ 0% | 3.58B▼ 23.6% | 4.6B▲ 28.7% | 2.44B▼ 47.0% | 1.84B▼ 24.6% | 1.17B▼ 36.6% | 1.01B▼ 13.4% | 938.36M▼ 7.2% | 858.23M▼ 8.5% |
| Asset Turnover | 0.24x | 0.27x | 0.23x | 0.34x | 0.26x | 0.29x | 0.23x | 0.17x | 0.16x |
| Asset Growth % | - | -23.63% | 28.69% | -46.98% | -24.62% | -36.57% | -13.35% | -7.2% | -8.54% |
| Total Current Liabilities | 1.07B | 670.07M | 548.9M | 435.11M | 365.28M | 321.82M | 335.67M | 321.84M | 320.88M |
| Accounts Payable | 11.1M | 12.27M | 17.99M | 17.08M | 19.94M | 17.95M | 8.18M | 6.86M | 4.5M |
| Days Payables Outstanding | 10.73 | 14.1 | 20.92 | 21.22 | 39.74 | 41.05 | 26.21 | 27.47 | 19.38 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 10.06M | 0 | 0 | 0 |
| Deferred Revenue (Current) | 386.97M | 310.74M | 1.18M | 103K | 77K | 901K | 105.19M | 98.6M | 91.64M |
| Other Current Liabilities | 572.47M | 248.2M | 415.73M | 375.43M | 315.15M | 262.88M | 46.53M | 191.08M | 0 |
| Current Ratio | 2.31x | 2.47x | 3.24x | 3.01x | 2.70x | 2.23x | 1.98x | 1.58x | 1.51x |
| Quick Ratio | 2.30x | 2.47x | 3.23x | 3.01x | 2.70x | 2.23x | 1.98x | 1.58x | 1.51x |
| Cash Conversion Cycle | 236.78 | 19.69 | 26.02 | 5.67 | -8.07 | -11.9 | -12.4 | 11.88 | -18.04 |
| Total Non-Current Liabilities | 114.59M | 25.23M | 7.21M | 25.17M | 19.68M | 13M | 4.12M | 2.07M | 352K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 753K | 773K | 352K |
| Deferred Tax Liabilities | 114.59M | 25.23M | 2.48M | 21.53M | 17.53M | 12.11M | 3.37M | 1.3M | 0 |
| Other Non-Current Liabilities | 0 | 0 | 4.72M | 3.64M | 2.15M | 890K | 3.37M | 0 | 0 |
| Total Liabilities | 1.19B | 695.31M | 556.11M | 460.28M | 384.96M | 334.82M | 339.79M | 323.91M | 321.23M |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 10.06M | 3.41M | 2.66M | 972K |
| Net Debt | -1.27B | -1.22B | -1.28B | -856.57M | -542.08M | -428.54M | -412.79M | -356.13M | -81.05M |
| Debt / Equity | - | - | - | - | - | 0.01x | 0.01x | 0.00x | 0.00x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | -0.78x | - | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | -414.51x | -101140.00x |
| Total Equity | 3.5B▲ 0% | 2.88B▼ 17.6% | 4.05B▲ 40.4% | 1.98B▼ 51.1% | 1.45B▼ 26.5% | 832.15M▼ 42.8% | 678.04M▼ 18.5% | 614.45M▼ 9.4% | 537M▼ 12.6% |
| Equity Growth % | - | -17.55% | 40.44% | -51.07% | -26.54% | -42.8% | -18.52% | -9.38% | -12.61% |
| Book Value per Share | 1904.15 | 355.99 | 454.08 | 218.53 | 165.93 | 99.07 | 79.63 | 70.96 | 61.48 |
| Total Shareholders' Equity | 3.5B | 2.88B | 4.05B | 1.98B | 1.45B | 789.74M | 644.04M | 588.39M | 508.95M |
| Common Stock | 140.29M | 140.29M | 177K | 180K | 181K | 181K | 181K | 181K | 181K |
| Retained Earnings | -3.27B | -4.5B | -5.43B | -7.65B | -7.98B | -8.62B | -8.79B | -8.86B | -8.92B |
| Treasury Stock | 0 | 0 | 0 | -6.57M | -126.42M | -136.11M | -137.45M | -137.45M | -138.27M |
| Accumulated OCI | 69.66M | -1.67M | 80.27M | 204.43M | 100.48M | 72.35M | 85.73M | 92.9M | 79.38M |
| Minority Interest | -3K | 0 | 0 | 0 | 0 | 42.42M | 34M | 26.06M | 28.05M |
MOGU Inc. (MOGU) cash flow — operating, investing & free cash flow history
| Line item | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -832.5M | -314.86M | -325.81M | -311.79M | -77.93M | -114.41M | -10.09M | -40.46M | -67.92M |
| Operating CF Margin % | -75.01% | -32.35% | -30.33% | -37.33% | -16.16% | -33.9% | -4.35% | -25.23% | -48.09% |
| Operating CF Growth % | - | 62.18% | -3.48% | 4.3% | 75.01% | -46.81% | 91.18% | -301% | -67.86% |
| Net Income | -939.14M | -558.17M | -486.27M | -2.22B | -327.97M | -639.8M | -177.98M | -59.28M | -60.57M |
| Depreciation & Amortization | 536.45M | 446.4M | 206.38M | 338.47M | 351.13M | 333.55M | 73.91M | 14.08M | 13.5M |
| Stock-Based Compensation | 20.74M | 16.84M | 103.07M | 32.19M | 26.3M | 12.46M | 13.56M | 4.59M | 839K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.75M | 0 |
| Other Non-Cash Items | -415K | -258.4M | -54.58M | 1.58B | -94.53M | 216.22M | 94.85M | -1.55M | 36.27M |
| Working Capital Changes | -450.13M | 38.47M | -94.41M | -41.45M | -32.85M | -36.83M | -14.43M | 3.47M | -57.96M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -303K |
| Change in Inventory | -2.77M | 3.99M | -4.93M | 2.12M | 2.69M | 161K | -64K | 46K | 84K |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.36M |
| Cash from Investing | -541.64M | 340.46M | -82.84M | -113.15M | -96.66M | 13.95M | 608K | -19.77M | -207.93M |
| Capital Expenditures | -23.66M | -5.17M | -8.65M | -10.43M | -152.65M | -55.14M | -55.55M | -94.16M | -10.08M |
| CapEx % of Revenue | 2.13% | 0.53% | 0.8% | 1.25% | 31.64% | 16.34% | 23.94% | 58.72% | 7.14% |
| Acquisitions | -69.22M | 0 | 0 | 0 | 0 | -36.13M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -448.75M | 345.63M | -74.19M | -102.72M | 55.98M | 105.22M | 56.16M | 2.01M | -51.55M |
| Cash from Financing | 194.96M | 7.14M | 414.87M | -29.33M | -119.25M | 450K | -12.06M | 0 | -822K |
| Debt Issued (Net) | 0 | 0 | 3.93M | 0 | 0 | 10.14M | -10.73M | 0 | 0 |
| Equity Issued (Net) | 1000K | 0 | 1000K | -1000K | -1000K | -1000K | -1000K | 0 | -822K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -6.57M | -119.86M | -9.69M | -1.33M | 0 | -822K |
| Other Financing | 2.82M | 7.14M | 21.59M | -22.77M | 609K | 0 | 0 | 0 | 0 |
| Net Change in Cash | 1.27B▲ 0% | -46.1M▼ 103.6% | 52.32M▲ 213.5% | -420.34M▼ 903.4% | -314.49M▲ 25.2% | -103.47M▲ 67.1% | -22.41M▲ 78.3% | -57.71M▼ 157.6% | -276.77M▼ 379.6% |
| Free Cash Flow | -856.16M▲ 0% | -320.03M▲ 62.6% | -334.46M▼ 4.5% | -322.22M▲ 3.7% | -230.58M▲ 28.4% | -169.55M▲ 26.5% | -65.64M▲ 61.3% | -134.62M▼ 105.1% | -78M▲ 42.1% |
| FCF Margin % | -77.14% | -32.88% | -31.13% | -38.57% | -47.8% | -50.24% | -28.28% | -83.96% | -55.23% |
| FCF Growth % | - | 62.62% | -4.51% | 3.66% | 28.44% | 26.47% | 61.29% | -105.09% | 42.06% |
| FCF per Share | -466.33 | -39.53 | -37.52 | -35.55 | -26.30 | -20.18 | -7.71 | -15.55 | -8.93 |
| FCF Conversion (FCF/Net Income) | 0.89x | 0.56x | 0.67x | 0.14x | 0.24x | 0.18x | 0.06x | 0.68x | 1.09x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 787K | 598K | 191K | 1K |
| Taxes Paid | 2.23M | 1.78M | 2.52M | 1.13M | 13.89M | 920K | 286K | 7.47M | 61K |
MOGU Inc. (MOGU) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -26.86% | -17.5% | -14.03% | -73.78% | -19.1% | -55.95% | -23.57% | -9.17% | -10.87% |
| Return on Invested Capital (ROIC) | -36.1% | -32.73% | -19.45% | 29.19% | -31.59% | -76.4% | -42.04% | -22.68% | -21.24% |
| Gross Margin | 65.96% | 67.35% | 70.79% | 64.83% | 62.04% | 52.71% | 50.93% | 43.13% | 39.98% |
| Net Margin | -84.62% | -57.35% | -45.27% | -266.2% | -68% | -189.59% | -76.69% | -36.97% | -44.29% |
| Debt / Equity | - | - | - | - | - | 0.01x | 0.01x | 0.00x | 0.00x |
| Interest Coverage | - | - | - | - | - | - | - | -414.51x | -101140.00x |
| FCF Conversion | 0.89x | 0.56x | 0.67x | 0.14x | 0.24x | 0.18x | 0.06x | 0.68x | 1.09x |
| Revenue Growth | - | -12.31% | 10.39% | -22.24% | -42.25% | -30.04% | -31.23% | -30.91% | -11.92% |
MOGU Inc. (MOGU) stock FAQ — growth, dividends, profitability & financials explained
MOGU Inc. (MOGU) reported $141.2M in revenue for fiscal year 2025. This represents a 87% decrease from $1.11B in 2017.
MOGU Inc. (MOGU) saw revenue decline by 11.9% over the past year.
MOGU Inc. (MOGU) reported a net loss of $62.6M for fiscal year 2025.
MOGU Inc. (MOGU) has a return on equity (ROE) of -10.9%. Negative ROE indicates the company is unprofitable.
MOGU Inc. (MOGU) had negative free cash flow of $78.0M in fiscal year 2025, likely due to heavy capital investments.
MOGU Inc. (MOGU) 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