Boqii Holding (BQ)
XASE:BQ
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Boqii Holding
(NYSE MKT:BQ)
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Rating:39Underperform
Price Target:
$0.75
▼(-62.84% Downside)
Action:ReiteratedDate:03/26/26
The score is driven primarily by weak financial performance (declining revenue, ongoing losses, and negative operating/free cash flow) and a strongly bearish technical setup (price below key moving averages with negative MACD). Valuation contributes only modestly due to limited usable P/E and no dividend yield data.
Positive Factors
Margin Improvement
Sustained gross-margin expansion from 20%+ to 25.9% indicates a structural shift toward higher-margin assortments and better procurement. If maintained, higher gross margins improve operating leverage, enabling break-even or profitability at lower revenue levels and strengthening long-term cash generation.
Negative Factors
Declining Revenue
Persistent top-line contraction erodes scale economics and limits the ability to spread fixed costs. Continued revenue declines constrain reinvestment, threaten customer retention economics, and make margin gains harder to sustain long term if structural demand or market share issues persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Improvement
Sustained gross-margin expansion from 20%+ to 25.9% indicates a structural shift toward higher-margin assortments and better procurement. If maintained, higher gross margins improve operating leverage, enabling break-even or profitability at lower revenue levels and strengthening long-term cash generation.
Read all positive factors
Boqii Holding (BQ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.70M
Dividend YieldN/A
Average Volume (3M)2.37M
Price to Earnings (P/E)―
Beta (1Y)2.82
Revenue Growth-34.36%
EPS Growth59.23%
CountryUS
Employees241
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-0.53
Shares Outstanding4,298,128
10 Day Avg. Volume735,485
30 Day Avg. Volume2,371,696
Financial Highlights & Ratios
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 Cap0.95
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit0.03
Enterprise Value/Ebitda-0.07
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 busines...
How the Company Makes Money
Boqii primarily makes money through pet-related commerce conducted on its platform. Its main revenue stream is the sale of pet products (such as pet food and other pet supplies) via its e-commerce operations, earning revenue from product sales to ...
Boqii Holding Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
40
Negative
Cash Flow
30
Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 468.89M | 709.35M | 1.09B | 1.19B | 1.01B |
| Gross Profit | 100.65M | 140.74M | 233.49M | 242.73M | 187.30M |
| EBITDA | -38.14M | -38.25M | -61.01M | -94.55M | -146.97M |
| Net Income | -54.13M | -63.66M | -102.80M | -128.39M | -194.44M |
Balance Sheet | |||||
| Total Assets | 316.17M | 383.21M | 540.80M | 778.31M | 880.57M |
| Cash, Cash Equivalents and Short-Term Investments | 42.66M | 72.72M | 159.65M | 290.94M | 460.78M |
| Total Debt | 50.06M | 66.38M | 209.55M | 380.39M | 614.99M |
| Total Liabilities | 87.79M | 122.33M | 315.85M | 529.96M | 752.88M |
| Stockholders Equity | 189.81M | 218.68M | 178.28M | 199.18M | 82.67M |
Cash Flow | |||||
| Free Cash Flow | -70.14M | -25.99M | -55.92M | -150.60M | -254.00M |
| Operating Cash Flow | -66.83M | -25.43M | -54.07M | -147.50M | -247.49M |
| Investing Cash Flow | 24.60M | 47.81M | 46.50M | 21.15M | -184.42M |
| Financing Cash Flow | 8.15M | -33.13M | -76.66M | 2.00M | 648.49M |
Boqii Holding Technical Analysis
Negative
2.01
Price Trends
1.17
Negative
1.62
Negative
3.11
Negative
Market Momentum
-0.14
Positive
31.55
Neutral
30.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BQ, the sentiment is Negative. The current price of 2.01 is above the 20-day moving average (MA) of 0.95, above the 50-day MA of 1.17, and below the 200-day MA of 3.11, indicating a bearish trend. The MACD of -0.14 indicates Positive momentum. The RSI at 31.55 is Neutral, neither overbought nor oversold. The STOCH value of 30.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BQ.
Boqii Holding Risk Analysis
Boqii Holding disclosed 94 risk factors in its most recent earnings report. Boqii Holding reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
If we are classified as a passive foreign investment company, or PFIC, United States taxpayers who own our Class A ordinary shares may have adverse United States federal income tax consequences. Q1, 2025
Boqii Holding Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $41.39B | 14.55 | 8.57% | 3.37% | 16.54% | -3.61% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | $10.83B | 52.77 | 51.43% | ― | 9.80% | -46.84% | |
54 Neutral | $5.30M | -0.85 | ― | ― | -16.89% | 31.24% | |
44 Neutral | $7.73M | -0.31 | ― | ― | -35.95% | 26.08% | |
39 Underperform | $3.70M | ― | -25.20% | ― | -34.36% | 59.23% | |
| ― | $4.76M | -11.97 | 12.11% | ― | 570.49% | ― |
* Consumer Cyclical Sector Average
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Boqii Holding Corporate Events
Boqii Holding Discloses Immediate Resignation of Senior Vice President Chao Guo
Feb 12, 2026
On February 11, 2026, Boqii Holding Limited announced that Senior Vice President Chao Guo resigned from his position effective immediately, citing personal reasons and affirming that the decision did not stem from any disagreement with the company...
Boqii Narrows Losses as Margins Improve in First Half of Fiscal 2026
Jan 5, 2026
On January 5, 2026, Boqii Holding reported unaudited financial results for the first half of fiscal 2026, covering the six months ended September 30, 2025, showing that total revenues declined 16.7% year-on-year to RMB207.9 million as the company ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.