5 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 19.6% per year over the past 4 years.
Operating margin has expanded, at -12.7% in the latest year.
Financial health
Total debt ($10M) exceeds cash ($5M); net debt is $5M.
Total debt has grown slower than revenue (-50.1% vs -19.6% per year).
Operating income covered interest expense -9.1× in the latest year.
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$65M
-$7M
21.5%
-12.7%
-$10M
$10M
$5M
2024
$98M
-$9M
19.8%
-8.5%
-$4M
$17M
$10M
2023
$159M
-$15M
21.4%
-9.5%
-$8M
$99M
$13M
2022
$187M
-$20M
20.5%
-11.7%
-$24M
$187M
$26M
2021
$154M
-$30M
18.5%
-20.4%
-$39M
$167M
$45M
Valuation over time
How the market has priced BQ against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has risen from 0.0× (Mar '23) to 0.0× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is BQ growing its revenue and profit?
Over the past 4 years, Boqii Holding Ltd's revenue has declined 19.6% per year. These are computed facts, not advice.
How much debt does BQ have?
As of FY2025, Boqii Holding Ltd reported $10M of total debt against $5M of cash; operating income covered interest expense -9.1×.
What is BQ's profit margin?
In FY2025, gross margin was 21.5%, operating margin -12.7%, and net margin -11.5%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.