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Boqii Holding Ltd

Boqii Holding Ltd is a retail-retail stores company in the Cayman Islands, listed on NYSE (BQ).1

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Last updated Oct 21, 2026.

Overview

$61.0MRevenue, fiscal 20262
-$738.0KNet income, fiscal 20262

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  • TickerBQ on NYSE1
  • IndustryRetail-Retail Stores, NEC1
  • HeadquartersE91
  • Incorporated inCayman Islands3
  • Business addressFloor 6, Building 1, No. 399, Shengxia Road, Pudong New District, Shanghai3
  • Filer categoryNon-accelerated filer3

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York, NY 10168. Investors should contact us for any inquiries through the address and telephone number of our principal executive office.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

26.3%Gross margin2
-7.1%Operating margin2
-1.2%Net margin2
-5.7%Revenue growth, 20262
-2.7%Return on equity2
0.59×Debt to equity2
-$4.4MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product Sales brought in 91% of the revenue Boqii Holding Ltd broke down this way in fiscal 2026.

  1. Product Sales381.2M CNY291%down 12% from 2025
  2. Online Marketing And Information Services And Other Revenue39.3M CNY29%up 4% from 2025
Products and services by year
Products and services2023202420252026
Product Sales1.0B CNY680.1M CNY431.3M CNY381.2M CNY
Online Marketing And Information Services And Other Revenue43.6M CNY29.2M CNY37.6M CNY39.3M CNY

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue74¢$44.9M
  • Research and development0¢$200.0K
  • Other costs26¢$15.6M
  • Income tax0¢$185.0K

Out of $61.0M in revenue.2 The company lost money this year.

Financial statements

Revenue567892$61.0M in 2026−60% since 2021
0$50.0M$100.0M$150.0M$200.0M2021: $154.3M$154.3M20212022: $187.2M$187.2M2022+21%2023: $159.0M$159.0M2023−15%2024: $98.2M$98.2M2024−38%2025: $64.6M$64.6M2025−34%2026: $61.0M$61.0M2026−6%
Gross profit567892$16.0M in 2026−44% since 2021
0$10.0M$20.0M$30.0M$40.0M2021: $28.6M$28.6M20212022: $38.3M$38.3M2022+34%2023: $34.0M$34.0M2023−11%2024: $19.5M$19.5M2024−43%2025: $13.9M$13.9M2025−29%2026: $16.0M$16.0M2026+15%
Operating income567892-$4.3M in 2026−86% since 2021
-$40.0M-$30.0M-$20.0M-$10.0M02021: -$31.4M-$31.4M20212022: -$21.8M-$21.8M2022−31%2023: -$15.1M-$15.1M2023−31%2024: -$8.3M-$8.3M2024−45%2025: -$8.2M-$8.2M2025−2%2026: -$4.3M-$4.3M2026−47%
Net income567892-$738.0K in 2026−98% since 2021
-$30.0M-$20.0M-$10.0M02021: -$29.7M-$29.7M20212022: -$20.3M-$20.3M2022−32%2023: -$15.0M-$15.0M2023−26%2024: -$8.8M-$8.8M2024−41%2025: -$7.5M-$7.5M2025−15%2026: -$738.0K-$738.0K2026−90%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2026-03-312025-03-312024-03-31
Total revenues420.5M CNY468.9M CNY709.4M CNY
Total cost of revenue-310.0M CNY-368.2M CNY-568.6M CNY
Gross profit110.4M CNY100.7M CNY140.7M CNY
Fulfillment expenses-23.3M CNY-35.6M CNY-59.5M CNY
Sales and marketing expenses-81.6M CNY-74.5M CNY-85.1M CNY
General and administrative expenses-35.9M CNY-50.6M CNY-59.3M CNY
Other income, net399.0K CNY736.0K CNY3.0M CNY
Loss from operations-30.0M CNY-59.3M CNY-60.2M CNY
Interest income431.0K CNY972.0K CNY2.6M CNY
Interest expense-825.0K CNY-6.5M CNY-7.3M CNY
Other loss, net29.5M CNY-236.0K CNY-4.0M CNY
Fair value change of derivative liabilities5.0K CNY5.7M CNY-1.0M CNY
Loss before income tax expenses-852.0K CNY-59.4M CNY-69.9M CNY
Income tax benefit-1.3M CNY801.0K CNY927.0K CNY
Share of results of equity investees242.0K CNY-22.0K CNY50.0K CNY
Net loss-1.9M CNY-58.6M CNY-68.9M CNY
Less: Net loss attributable to the non-controlling interest shareholders3.2M CNY-4.5M CNY-5.2M CNY
Net loss attributable to Boqii Holding Limited-5.1M CNY-54.1M CNY-63.7M CNY
Accretion on redeemable non-controlling interests to redemption value-509.0K CNY-841.0K CNY-766.0K CNY
Net loss attributable to Boqii Holding Limiteds ordinary shareholders-5.6M CNY-55.0M CNY-64.4M CNY
Foreign currency translation adjustment, net of tax506.0K CNY840.0K CNY1.3M CNY
Unrealized securities holding losses/(gains)-12.7M CNY869.0K CNY-3.5M CNY
Total comprehensive loss-14.0M CNY-56.9M CNY-71.2M CNY
Less: Total comprehensive loss attributable to non- controlling interests shareholders3.2M CNY-4.5M CNY-5.2M CNY
Total comprehensive loss attributable to Boqii Holding Limited-17.2M CNY-52.4M CNY-66.0M CNY
basic (in Dollars per share and Yuan Renminbi per share)-1.47 CNY-45.60 CNY-102.40 CNY
diluted (in Dollars per share and Yuan Renminbi per share)-1.47 CNY-45.60 CNY-102.40 CNY
basic (in Shares)3.8M shares1.2M shares629.0K shares
diluted (in Shares)3.8M shares1.2M shares629.0K shares

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Corporate structure

Boqii Holding Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Boqii Holding Ltd

  • Boqii Holding Ltd E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Boqii Holding Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation10.2M CNY2 Mar 31, 202627.5M CNY2 Mar 31, 2025−62.9%
Accumulated depreciation8.9M CNY2 Mar 31, 202623.2M CNY2 Mar 31, 2025−61.9%
Property and equipment, net$194.0K2 Mar 31, 2026$586.0K9 Mar 31, 2025−66.9%
Operating-lease assets (leased space)$542.0K2 Mar 31, 2026$425.0K9 Mar 31, 2025+27.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$7.2M2 Mar 31, 2026$5.3M9 Mar 31, 2025+34.5%
Marketable securities, current$551.0K9 Mar 31, 2025$10.2M7 Mar 31, 2023−94.6%
Debt securities available for sale30.5M CNY2 Mar 31, 202659.6M CNY2 Mar 31, 2025−48.9%
Stakes in other companies (equity method)5.4M CNY2 Mar 31, 20265.3M CNY2 Mar 31, 2025+1.3%
Long-term investments$5.2M2 Mar 31, 2026$9.0M9 Mar 31, 2025−41.9%
Deposits held (banks)227.0K CNY2 Mar 31, 2026282.0K CNY2 Mar 31, 2025−19.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, gross469.0K CNY2 Mar 31, 202635.7M CNY2 Mar 31, 2025−98.7%
Accumulated amortization375.0K CNY2 Mar 31, 202621.1M CNY2 Mar 31, 2025−98.2%
Finite-lived intangibles, net$14.0K2 Mar 31, 2026$2.0M9 Mar 31, 2025−99.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$3.8M2 Mar 31, 2026$5.5M9 Mar 31, 2025−31.2%

Leadership

Who has led Boqii Holding Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Yingzhi Tang2026
  2. Hao Liang2026–now

Chief financial officer

  1. Yingzhi Tang2026–now
Board members and other officers (3)

Timeline

  1. Mar 31, 2026New chief executive Hao Liang becomes CEO11
  2. Mar 18, 2026New chief executive Yingzhi Tang becomes CEO10

Filings

132 filings to the SEC since October 2021: 7 annual reports, 5 insider forms, 6 large holders, 114 other. The latest 20:

  1. Aug 13, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  2. Jul 13, 202620-F ANNUAL REPORT EDGAR
  3. Jun 18, 2026424B3 PROSPECTUS EDGAR
  4. Jun 17, 2026EFFECT EDGAR
  5. Jun 16, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  6. Jun 15, 2026CORRESP EDGAR
  7. Jun 12, 2026UPLOAD EDGAR
  8. Jun 5, 2026F-3 REGISTRATION STATEMENT EDGAR
  9. May 14, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  10. May 12, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  11. Apr 20, 20266-K CURRENT REPORT EDGAR
  12. Apr 3, 20263 EDGAR
  13. Apr 3, 20263 EDGAR
  14. Mar 31, 20263/A EDGAR
  15. Mar 31, 20263 EDGAR
  16. Mar 30, 2026UPLOAD EDGAR
  17. Mar 27, 20266-K/A REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  18. Mar 19, 202620-F/A AMENDMENT NO. 1 TO FORM 20-F EDGAR
  19. Mar 19, 2026CORRESP EDGAR
  20. Mar 18, 20263 EDGAR

The 132 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Boqii Holding Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBoqii Holding Ltd1
  • CIK0001815021
  • Filer statusNon-accelerated filer not an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsMarch 311
  • Industry code (SIC)5990 Retail-Retail Stores, NEC1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business addressFloor 6, Building 1, No. 399, Shengxia Road, Pudong New District, Shanghai, China1
  • Phone86-21-6109-62261
  • Shares outstanding4,298,128 Common Class A shares; 81,486 Common Class B shares; 500,000 Common Class C shares as of Mar 31, 20264
  • AuditorAssentsure PAC, Singapore PCAOB ID 6783; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJun 22, 20201
  • Filings174 in all: 6-K (69), CORRESP (19), UPLOAD (17), F-1/A (8), 20-F (6), EFFECT (5), 3 (4), 424B5 (4)1
    All 31 form types

    SC 13G (4), SC 13G/A (4), F-3 (3), 20-F/A (2), 6-K/A (2), 8-A12B (2), CERT (2), DRS (2), DRSLTR (2), F-1 (2), F-3/A (2), S-8 (2), SCHEDULE 13G (2), SEC STAFF LETTER (2), 25 (1), 25-NSE (1), 3/A (1), 424B3 (1), 424B4 (1), DRS/A (1), FWP (1), NT 20-F (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (20-F) Jul 13, 2026

Securities registered for trading

ClassSymbolExchange
Class A ordinary shares, par value US$0.0000001 per shareBQNYSE American LLC

From the cover page of the 20-F filed Jul 13, 2026 (Section 12(b) of the Exchange Act).4

Sources

The numbers on this page point here. Each one links to the record it came from.

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