BQ Boqii Holding Ltd

Overview and Growth

In fiscal 2026, Boqii Holding Ltd recorded $60.95M of revenue, net loss of $738.00K, and an operating cash outflow of $4.24M. Revenue of $60.95M sets the scale for evaluating how effectively sales translated into profit and cash during the year. The top line contracted 5.7% from $64.61M in fiscal 2025; this top-line contraction left the company with a smaller revenue base. Diluted earnings per share were -$0.21, translating the period’s attributable earnings into the amount reported for each diluted share. A diluted share base of 3.79M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. At period end, total assets were $35.05M, framing the scale of the company’s operating and financing commitments. Asset turnover was 1.74x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

Gross profit was $16.01M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. The gross-profit relationship equaled 26.3% of revenue, quantifying the portion retained before operating expenses were recognized. The reported operating result was an operating loss of $4.34M, reflecting costs that exceeded gross profit. The operating loss equaled 7.1% of revenue, showing the scale of the operating deficit relative to sales. After all below-operating-line items, the company recorded a net loss of $738.00K for the fiscal year. The net loss equaled 1.2% of revenue, showing the bottom-line deficit relative to the company’s sales base. The company reported negative EBITDA of $4.17M, adding a pre-interest, tax, depreciation, and amortization view of the operating shortfall. The company recognized $185.00K of income tax for the period, completing the transition from pretax income to net income. Relative to period-end equity, the net loss represented 2.8%. The net loss equaled 2.1% of period-end assets, showing the deficit relative to the asset base. Compared with a $7.46M net loss in fiscal 2025, the current loss improved to $738.00K.

Liquidity and Capital Structure

At period end, the $35.05M asset base was financed through $8.99M of liabilities and $26.06M of equity. At period end, current assets of $28.07M compared with current liabilities of $8.63M, defining the company’s short-term resource position. The current ratio was 3.25x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Reported cash and equivalents were $7.17M, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 83.0% of current liabilities, showing how much near-term coverage came from cash alone. The equity-to-assets relationship was 74.4%, placing book capital against the total resource base. The liabilities-to-assets relationship was 25.6%, placing reported obligations against the full positive asset balance. Measured against total assets, cash and equivalents represented 20.4%, a balance-sheet composition measure rather than a liquidity forecast. Total assets were 19.6% lower than fiscal 2025 assets of $43.57M, measuring the company’s own balance-sheet change. Book equity was 13.9% lower than fiscal 2025 equity of $30.26M, showing how shareholder capital changed year over year. Cash and equivalents were 34.5% higher than fiscal 2025 cash of $5.33M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $4.24M, rather than cash generation from operations. The company spent $154.00K on capital expenditures while operations also absorbed cash, so both ongoing activity and investment drew on liquidity during the period. The company recorded a $4.40M cash deficit after capital spending for the period. The free-cash-flow deficit equaled 7.2% of revenue, showing the post-investment cash shortfall relative to sales. Relative to total assets, the post-investment cash deficit measured 12.5%.

Based on the annual report for the fiscal year ending Mar 31, 2026. Analysis generated Oct 21, 2026.