MOGU Inc. (MOGU) Revenue History
Annual and quarterly revenue from 2017 to 2025
Compound Annual Growth Rate (CAGR)
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MOGU Revenue Growth
Revenue Breakdown (FY 2025)
MOGU's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
MOGU Revenue Analysis (2017–2025)
As of May 8, 2026, MOGU Inc. (MOGU) generated trailing twelve-month (TTM) revenue of $141.2 million, reflecting modest growth of +3.0% year-over-year. The most recent quarter (Q4 2025) recorded $39.7 million in revenue, up 0.0% sequentially.
Looking at the longer-term picture, MOGU's 5-year compound annual growth rate (CAGR) stands at -29.9%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $1.11 billion in 2017.
Revenue diversification analysis shows MOGU's business is primarily driven by Commissions (83%), Financing Solutions (9%), and Other Revenues (8%). With over half of revenue concentrated in Commissions, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including VIPS (-5.3% YoY), REAL (+17.2% YoY), and JD (+16.6% YoY), MOGU has underperformed the peer group in terms of revenue growth. Compare MOGU vs VIPS →
MOGU Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MOGUCurrent | $141M | +3.0% | -29.9% | -71.6% | |
 VIPS | $108.4B | -5.3% | +3.1% | 8.5% | |
 REAL | $693M | +17.2% | +18.2% | -3.5% | |
 JD | $1.16T | +16.6% | +15.0% | 3.3% | |
 PDD | $393.8B | +12.5% | +67.2% | 27.5% | |
 BABA | $996.3B | +5.2% | +14.3% | 14.1% |
MOGU Historical Revenue Data (2017–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $141.2M | -11.9% | $56.5M | 40.0% | $-101,140,000 | -71.6% |
| 2024 | $160.3M | -30.9% | $69.2M | 43.1% | $-79,172,000 | -49.4% |
| 2023 | $232.1M | -31.2% | $118.2M | 50.9% | $-187,448,000 | -80.8% |
| 2022 | $337.5M | -30.0% | $177.9M | 52.7% | $-670,482,000 | -198.7% |
| 2021 | $482.4M | -42.3% | $299.3M | 62.0% | $-428,924,000 | -88.9% |
| 2020 | $835.3M | -22.2% | $541.6M | 64.8% | $758.0M | 90.7% |
| 2019 | $1.07B | +10.4% | $760.5M | 70.8% | $-574,180,000 | -53.4% |
| 2018 | $973.2M | -12.3% | $655.5M | 67.4% | $-847,419,000 | -87.1% |
| 2017 | $1.11B | - | $732.1M | 66.0% | $-1,071,341,000 | -96.5% |
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Start ComparisonMOGU — Frequently Asked Questions
Quick answers to the most common questions about buying MOGU stock.
Is MOGU's revenue growth accelerating or slowing?
MOGU revenue growth slowed to +3.0%, below the 5-year CAGR of -29.9%. TTM revenue is $141M. The deceleration marks a shift from historical growth rates.
What is MOGU's long-term revenue growth rate?
MOGU Inc.'s 5-year revenue CAGR of -29.9% reflects the variable expansion pattern. Current YoY growth of +3.0% is near this long-term average.
How is MOGU's revenue distributed by segment?
MOGU reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2017-2025 are available for download. Segment mix reveals concentration and diversification trends.