Boqii Holding (BQ) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 2.37M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.53
• Revenue Growth: -34.36%
• EPS Growth: 59.23%
• Country: US
• Employees: 241
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): >-0.01
• Shares Outstanding: 2,798,128
• 10 Day Avg. Volume: 735,485
• 30 Day Avg. Volume: 2,371,696
• PEG Ratio: <0.01
• Price to Book (P/B): 0.10
• Price to Sales (P/S): 0.04
• P/FCF Ratio: -0.26
• Enterprise Value/Market Cap: 10.00T>
• Enterprise Value/Revenue: 1.88
• Enterprise Value/Gross Profit: 9.19
• Enterprise Value/Ebitda: -30.90
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 45 Neutral
• Price Target: $7.00 ▼(-14.63% Downside)

Boqii Holding's overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues, negative profitability, and cash flow issues. While technical analysis provides some positive signals, the valuation remains unattractive due to a negative P/E ratio and lack of dividend yield. The absence of earnings call and corporate events data limits further insights.

Boqii Holding Business Overview & Revenue Model

Company Description

Boqii Holding Limited operates a pet-focused platform in the People's Republic of China. The company offers food, treats, shampoos, toys, cages, apparel, OTC veterinary drugs, and other pet products to pet parents, and small and medium pet businesses through e-commerce platforms and offline distribution network. It also operates Boqii Community, an interactive content platform; and provides online marketing and information services. The company was founded in 2008 and is headquartered in Shanghai, the People's Republic of China.

How the Company Makes Money

Boqii Holding generates revenue primarily through its e-commerce sales of pet products, which includes a diverse range of pet foods, toys, and health care items. The company earns money by charging a markup on these products sold through its online platform. In addition to direct sales, Boqii has developed strategic partnerships with various pet product manufacturers, allowing for exclusive distribution agreements which enhance their product offerings and margins. The company also benefits from advertising revenues by promoting third-party brands on its platform, and it may earn commission fees from vendors who sell their products through Boqii's marketplace. Furthermore, Boqii has diversified its revenue streams by offering subscription services for pet food and supplies, which provides a steady, recurring income. Overall, the combination of e-commerce sales, strategic partnerships, advertising, and subscription models contributes significantly to Boqii's earnings.

Boqii Holding Financial Statement Overview

Summary

Boqii Holding faces substantial financial challenges across all verticals. The company is struggling with declining revenues, negative profitability, and cash flow issues. While there are some improvements in leverage, the overall financial health remains weak, with ongoing operational losses and liquidity concerns.

Income Statement

Boqii Holding's income statement reveals significant challenges. The company has experienced declining revenue over the past years, with a negative revenue growth rate of -33.90% in the most recent year. Profitability metrics are concerning, with negative net profit margins and EBIT margins, indicating ongoing operational losses. The gross profit margin has slightly improved to 21.47%, but overall, the company struggles with profitability and revenue growth.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of 0.26, which is an improvement from previous years, indicating better leverage management. However, the return on equity remains negative, reflecting continued losses. The equity ratio is relatively stable, but the company's financial stability is still under pressure due to ongoing losses and past high leverage.

Cash Flow

Cash flow analysis highlights significant challenges, with negative operating and free cash flows. The free cash flow growth rate is negative, and the operating cash flow to net income ratio is unfavorable, indicating cash flow issues. Despite a positive free cash flow to net income ratio, the overall cash flow situation remains weak, impacting the company's liquidity.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	524.43M	468.89M	709.35M	1.09B	1.19B	1.01B
Gross Profit	107.00M	100.65M	140.74M	233.49M	242.73M	187.30M
EBITDA	-31.82M	-38.14M	-38.25M	-61.01M	-94.55M	-146.97M
Net Income	-39.22M	-54.13M	-63.66M	-102.80M	-128.39M	-194.44M
Balance Sheet
Total Assets	729.31M	316.17M	383.21M	540.80M	778.31M	880.57M
Cash, Cash Equivalents and Short-Term Investments	210.28M	42.66M	72.72M	159.65M	290.94M	460.78M
Total Debt	305.89M	50.06M	66.38M	211.05M	380.39M	614.99M
Total Liabilities	437.31M	87.79M	122.33M	315.85M	529.96M	752.88M
Stockholders Equity	242.80M	189.81M	218.68M	178.28M	199.18M	82.67M
Cash Flow
Free Cash Flow	-355.88M	-70.14M	-25.99M	-55.92M	-150.60M	-254.00M
Operating Cash Flow	-348.52M	-66.83M	-25.43M	-54.07M	-147.50M	-247.49M
Investing Cash Flow	490.97M	24.60M	47.81M	46.50M	21.15M	-184.42M
Financing Cash Flow	-2.57B	8.15M	-33.13M	-76.66M	2.00M	648.49M

Boqii Holding Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BQ, the sentiment is Positive. The current price of 8.2 is below the 20-day moving average (MA) of 10.36, above the 50-day MA of 5.95, and above the 200-day MA of 3.39, indicating a neutral trend. The MACD of 0.48 indicates Positive momentum. The RSI at 50.23 is Neutral, neither overbought nor oversold. The STOCH value of 19.94 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BQ.

Boqii Holding Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CHWY	―	$14.56B	99.07	34.48%	―	9.04%	-56.79%
BWMX	―	$498.18M	9.51	79.76%	9.12%	-7.03%	1.04%
Sector *	―	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
WOOF	―	$1.03B	―	-2.48%	―	-2.83%	97.94%
BQ	―	―	-20.99	-25.20%	―	-34.36%	59.23%
JWEL	―	$3.71M	-0.47	―	―	-16.89%	31.24%
YJ	―	$9.16M	―	―	―	-35.95%	26.08%

Boqii Holding Corporate Events

Boqii Addresses Unusual Trading Activity in October 2025

On October 6, 2025, Boqii Holding Limited reported unusual trading activity in its Class A ordinary shares on the NYSE American LLC, which occurred on September 29 and October 2, 2025. After conducting an internal review, the company confirmed no new material developments beyond what has been previously disclosed, advising investors to rely on official filings and press releases for updates.

Boqii Holding Restructures Share Designation and Issues New Shares

On August 19, 2025, Boqii Holding Limited’s board of directors approved the re-designation of 1,000,000 authorized but unissued shares as Class C ordinary shares, which carry special rights such as 100 votes per share and restrictions like non-convertibility and non-transferability. This move is part of a broader strategy to maintain a stable corporate structure and senior management team. Additionally, Boqii entered into a Securities Subscription Agreement with Green Mountain Management Limited, issuing 500,000 Class C Ordinary Shares for $80,000. This issuance aims to enhance the company’s ability to execute long-term business strategies and raise new equity capital. Following this transaction, key executives Yingzhi Tang and Hao Liang now hold approximately 17.4% of the company’s shares and control 94.8% of its voting power.