MOGU Inc. (MOGU) Revenue History
Annual and quarterly revenue from 2017 to present
MOGU Revenue Over Time (2017–2025)
MOGU Revenue Growth History
1 of 8 years with positive growth- FY2017 revenue growth
- N/A
- FY2018 revenue growth
- -12.3%
- FY2019 revenue growth
- +10.4%
- FY2020 revenue growth
- -22.2%
- FY2021 revenue growth
- -42.3%
- FY2022 revenue growth
- -30.0%
- FY2023 revenue growth
- -31.2%
- FY2024 revenue growth
- -30.9%
- FY2025 revenue growth
- -11.9%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $39.7M | +3.0% |
| Q3 2025 | $39.7M | +3.0% |
| Q2 2025 | $30.9M | -25.7% |
| Q1 2025 | $30.9M | -25.7% |
| Q4 2024 | $38.5M | -34.3% |
| Q3 2024 | $38.5M | -34.3% |
| Q2 2024 | $41.7M | -27.5% |
| Q1 2024 | $41.7M | -27.5% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
MOGU's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
MOGU Revenue Analysis (2017–2025)
Current Revenue & Growth
As of June 29, 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.
Historical Growth Trajectory
MOGU's 5-year compound annual growth rate (CAGR) stands at -29.9%, indicating revenue contraction over this period. The 3-year CAGR of -25.2% exceeds the 5-year average, indicating an acceleration in the most recent period. MOGU Inc.'s highest annual revenue of $1.11 billion was recorded in 2017.
Revenue by Segment
MOGU's revenue is primarily driven by Commissions (83%), Financing Solutions (9%), and Other Revenues (8%). With over half of revenue concentrated in Commissions, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Consumer Cyclical sector peers — including VIPS (-2.3% YoY), REAL (+17.2% YoY), and JD (+13.0% YoY) — MOGU has underperformed the peer group in 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 | $105.9B | -2.3% | +0.8% | 7.7% | |
 REAL | $693M | +17.2% | +18.2% | -3.5% | |
 JD | $1.31T | +13.0% | +11.9% | 0.2% | |
 PDD | $431.8B | +9.7% | +48.7% | 21.6% | |
 BABA | $1.02T | +2.7% | +7.4% | 5.8% |
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% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
9+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
MOGU — 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 is slowing. TTM revenue is $141M, up +3.0% year-over-year — below the 5-year CAGR of -29.9%. The deceleration suggests maturing end-markets or increased competition.
What is MOGU's revenue history from 2017 to 2026?
MOGU Inc. (MOGU) revenue history spans 2017 to 2026. TTM revenue as of 2026 is $141M, growing at +3.0% YoY. The 5-year CAGR is -29.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is MOGU's long-term revenue growth rate (CAGR)?
MOGU Inc.'s 5-year revenue CAGR of -29.9% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of +3.0% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for MOGU.
Why does MOGU's quarterly revenue fluctuate?
MOGU quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. MOGU Inc.'s revenue data from 2017 to 2026 shows full historical quarterly detail on this page.
How is MOGU's revenue distributed by segment?
MOGU reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does MOGU's revenue compare to industry peers?
MOGU Inc. (MOGU) with TTM revenue of $141M and +3.0% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.