8 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings, in CNY as reported — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 16.1% per year over the past 5 years.
Operating margin has expanded, at -7.1% in the latest year.
Financial health
The company holds more cash (CN¥49M) than total debt (CN¥32M).
Total debt has grown slower than revenue (-33.1% vs -16.1% per year).
Operating income covered interest expense -36.3× in the latest year.
The company is unprofitable; at its current free-cash-flow burn it has roughly 1.6 years of cash runway.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2026
CN¥420M
-CN¥5M
26.3%
-7.1%
-2.7%
-2.1%
-CN¥30M
CN¥32M
CN¥49M
2025
CN¥469M
-CN¥54M
21.5%
-12.7%
-28.5%
-17.1%
-CN¥70M
CN¥18M
CN¥39M
2024
CN¥709M
-CN¥64M
19.8%
-8.5%
-29.1%
-16.6%
-CN¥26M
CN¥30M
CN¥73M
2023
CN¥1.1B
-CN¥103M
21.4%
-9.5%
-57.7%
-19.0%
-CN¥56M
CN¥173M
CN¥90M
2022
CN¥1.2B
-CN¥128M
20.5%
-11.7%
-64.5%
-16.5%
-CN¥151M
CN¥322M
CN¥163M
2021
CN¥1.0B
-CN¥194M
18.5%
-20.4%
-235.2%
-22.1%
-CN¥254M
CN¥239M
CN¥292M
2020
CN¥770M
-CN¥179M
20.6%
-17.8%
8.9%
-39.2%
-CN¥167M
CN¥128M
CN¥88M
2019
CN¥804M
-CN¥234M
25.4%
-25.0%
—
—
-CN¥208M
—
—
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 fallen from 0.2× (Mar '23) to 0.0× (Nov '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is BQ growing its revenue and profit?
Over the past 5 years, Boqii Holding Ltd's revenue has declined 16.1% per year. These are computed facts, not advice.
How much debt does BQ have?
As of FY2026, Boqii Holding Ltd reported CN¥32M of total debt against CN¥49M of cash; operating income covered interest expense -36.3×.
What is BQ's profit margin?
In FY2026, gross margin was 26.3%, operating margin -7.1%, and net margin -1.2%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — its annual and interim reports, in CNY as reported (valuation multiples convert at the Federal Reserve H.10 rate of each date, via FRED) (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 (annual and interim filings, reported in CNY) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · FX: Federal Reserve H.10 via FRED (DEXCHUS; 1 CNY = 0.1503 USD on 2026-10-30), the rate of each date for the valuation history · This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis. ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.