InsiderClue
Stocks · Consumer discretionary · Retail-Retail Stores, NEC

Boqii Holding Ltd

BQ Clue Score34
Cayman Islands Fiscal year ends March CIK 0001815021
$0.72 -1.74% Close, 12 Oct 2026
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Price $0.72 −69.18% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 30 Sep 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue803.8Operating income−201.1Net income−234.2EPS, diluted−28.22Fiscal year 2020Revenue770.2 −4.2%Operating income−137.4Net income−179.0EPS, diluted−17.31Fiscal year 2021Revenue1,011.0 +31.3%Operating income−206.0Net income−194.4EPS, diluted−1.29Fiscal year 2022Revenue1,186.4 +17.4%Operating income−138.2Net income−128.4EPS, diluted−1.90Fiscal year 2023Revenue1,092.1 −8.0%Operating income−103.8Net income−102.8EPS, diluted−240.40Fiscal year 2024Revenue709.4 −35.0%Operating income−60.2Net income−63.7EPS, diluted−102.40Fiscal year 2025Revenue468.9 −33.9%Operating income−59.3Net income−54.1EPS, diluted−45.60Fiscal year 2026Revenue420.5 −10.3%Operating income−30.0Net income−5.1EPS, diluted−1.47
FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 803.8 770.2 1,011.0 1,186.4 1,092.1 709.4 468.9 420.5
Growth −4.2% +31.3% +17.4% −8.0% −35.0% −33.9% −10.3%
Operating income −201.1 −137.4 −206.0 −138.2 −103.8 −60.2 −59.3 −30.0
Net income −234.2 −179.0 −194.4 −128.4 −102.8 −63.7 −54.1 −5.1
Growth
EPS, diluted −28.22 −17.31 −1.29 −1.90 −240.40 −102.40 −45.60 −1.47

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Gross margin25.4%Operating margin−25.0%Net margin−29.1%Free cash flow margin−25.9%Fiscal year 2020Gross margin20.6%Operating margin−17.8%Net margin−23.2%Free cash flow margin−21.7%Fiscal year 2021Gross margin18.5%Operating margin−20.4%Net margin−19.2%Free cash flow margin−25.1%Fiscal year 2022Gross margin20.5%Operating margin−11.7%Net margin−10.8%Free cash flow margin−12.7%Fiscal year 2023Gross margin21.4%Operating margin−9.5%Net margin−9.4%Free cash flow margin−5.1%Fiscal year 2024Gross margin19.8%Operating margin−8.5%Net margin−9.0%Free cash flow margin−3.7%Fiscal year 2025Gross margin21.5%Operating margin−12.7%Net margin−11.5%Free cash flow margin−15.0%Fiscal year 2026Gross margin26.3%Operating margin−7.1%Net margin−1.2%Free cash flow margin−7.2%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 25.4% 20.6% 18.5% 20.5% 21.4% 19.8% 21.5% 26.3%
Operating margin −25.0% −17.8% −20.4% −11.7% −9.5% −8.5% −12.7% −7.1%
Net margin −29.1% −23.2% −19.2% −10.8% −9.4% −9.0% −11.5% −1.2%
Free cash flow margin −25.9% −21.7% −25.1% −12.7% −5.1% −3.7% −15.0% −7.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow−206.2Capital expenditure−2.0Free cash flow−208.2Fiscal year 2020Operating cash flow−165.9Capital expenditure−1.2Free cash flow−167.1Fiscal year 2021Operating cash flow−247.5Capital expenditure−6.5Free cash flow−254.0Fiscal year 2022Operating cash flow−147.5Capital expenditure−3.1Free cash flow−150.6Fiscal year 2023Operating cash flow−54.1Capital expenditure−1.8Free cash flow−55.9Fiscal year 2024Operating cash flow−25.4Capital expenditure−0.5Free cash flow−26.0Fiscal year 2025Operating cash flow−66.8Capital expenditure−3.3Free cash flow−70.1Fiscal year 2026Operating cash flow−29.3Capital expenditure−1.1Free cash flow−30.4
FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow −206.2 −165.9 −247.5 −147.5 −54.1 −25.4 −66.8 −29.3
Capital expenditure −2.0 −1.2 −6.5 −3.1 −1.8 −0.5 −3.3 −1.1
Free cash flow −208.2 −167.1 −254.0 −150.6 −55.9 −26.0 −70.1 −30.4
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash27.2Shareholders’ equity−1,618.4Fiscal year 2020Cash88.4Total debt53.1Net cash (debt)35.2Shareholders’ equity−2,002.8Fiscal year 2021Cash292.2Total debt68.1Net cash (debt)224.2Shareholders’ equity82.7Debt to equity0.82Fiscal year 2022Cash162.9Total debt161.1Net cash (debt)1.7Shareholders’ equity199.2Debt to equity0.81Fiscal year 2023Cash89.9Total debt86.3Net cash (debt)3.6Shareholders’ equity178.3Debt to equity0.48Fiscal year 2024Cash72.7Total debt15.2Net cash (debt)57.5Shareholders’ equity218.7Debt to equity0.07Fiscal year 2025Cash38.7Total debt9.1Net cash (debt)29.6Shareholders’ equity189.8Debt to equity0.05Fiscal year 2026Cash49.4Total debt16.0Net cash (debt)33.4Shareholders’ equity188.0Debt to equity0.09
FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 27.2 88.4 292.2 162.9 89.9 72.7 38.7 49.4
Total debt n/a 53.1 68.1 161.1 86.3 15.2 9.1 16.0
Net cash (debt) n/a 35.2 224.2 1.7 3.6 57.5 29.6 33.4
Shareholders’ equity −1,618.4 −2,002.8 82.7 199.2 178.3 218.7 189.8 188.0
Debt to equity n/a n/a 0.82 0.81 0.48 0.07 0.05 0.09

In millions of CNY, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending March, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Mar 2019 FY2020 31 Mar 2020 FY2021 31 Mar 2021 FY2022 31 Mar 2022 FY2023 31 Mar 2023 FY2024 31 Mar 2024 FY2025 31 Mar 2025 FY2026 31 Mar 2026
Margins
25.4% 20.6% 18.5% 20.5% 21.4% 19.8% 21.5% 26.3%
−25.0% −17.8% −20.4% −11.7% −9.5% −8.5% −12.7% −7.1%
−28.8% −22.8% −19.1% −11.4% −9.8% −9.9% −12.7% −0.2%
−29.1% −23.2% −19.2% −10.8% −9.4% −9.0% −11.5% −1.2%
−25.9% −21.7% −25.1% −12.7% −5.1% −3.7% −15.0% −7.2%
Spending
n/a n/a n/a 1.0% 0.3% 0.3% 0.3% 0.0%
8.3% 7.0% 11.3% 6.4% 4.3% 8.4% 10.8% 8.5%
0.3% 0.2% 0.6% 0.3% 0.2% 0.1% 0.7% 0.3%
Returns
n/a n/a −235.2% −64.5% −57.7% −29.1% −28.5% −2.7%
n/a −39.2% −22.1% −16.5% −19.0% −16.6% −17.1% −2.1%
Balance and payout
n/a n/a 0.82 0.81 0.48 0.07 0.05 0.09
n/a 122.1% 84.8% 68.1% 58.4% 31.9% 27.8% 25.6%

Shown in CNY as filed; the screener converts to dollars.