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Boqii Holding
(NYSE MKT:BQ)
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Rating:41Neutral
Price Target:
$0.72
▼(-64.38% Downside)
Action:Upgraded
Date:04/23/26
The score is driven primarily by weak financial performance (declining revenue, ongoing losses, and negative operating/free cash flow). Technicals add modest support only in the very short term, but longer-term trend indicators remain bearish. Valuation contributes limited confidence due to missing/unsupported earnings and dividend signals.
Positive Factors
Niche pet platform and marketplace
Boqii’s focused platform business targets the growing pet owner segment, combining product e-commerce with service connections. This vertical specialization supports recurring demand, two-sided network effects, and multiple revenue streams (sales, service fees, merchant services) that can produce durable unit economics if execution stabilizes.
Negative Factors
Steep revenue decline
A severe, persistent top-line contraction materially weakens scale advantages and erodes fixed-cost absorption. Shrinking revenue undermines long-term supplier terms, marketing ROI, and ability to invest in product or service innovation, making recovery and sustainable profitability much harder without a clear acceleration in demand or strategic pivot.
Read all positive and negative factors
Positive Factors
Negative Factors
Niche pet platform and marketplace
Boqii’s focused platform business targets the growing pet owner segment, combining product e-commerce with service connections. This vertical specialization supports recurring demand, two-sided network effects, and multiple revenue streams (sales, service fees, merchant services) that can produce durable unit economics if execution stabilizes.
Read all positive factors
Boqii Holding (BQ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.12M
Dividend YieldN/A
Average Volume (3M)2.37M
Price to Earnings (P/E)―
Beta (1Y)2.86
Revenue Growth-25.07%
EPS Growth13.43%
CountryUS
Employees241
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-59.40
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 Cap2.10
Enterprise Value/Revenue0.02
Enterprise Value/Gross Profit0.09
Enterprise Value/Ebitda-0.16
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, established in 2008 and based in Shanghai, People's Republic of China, runs a comprehensive platform dedicated to the pet industry nationwide. The company offers a wide selection of pet merchandise, including food, treats, g...
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
0.82
Positive
0.93
Negative
2.57
Negative
Market Momentum
<0.01
Positive
48.29
Neutral
11.57
Positive
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 0.89, above the 50-day MA of 0.82, and below the 200-day MA of 2.57, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.29 is Neutral, neither overbought nor oversold. The STOCH value of 11.57 is Positive, 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 |
|---|---|---|---|---|---|---|---|
62 Neutral | $8.43B | 43.83 | 44.82% | ― | 6.14% | -32.48% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | $34.70B | 17.48 | 6.15% | 3.37% | 12.13% | -67.45% | |
49 Neutral | $4.78M | -0.77 | ― | ― | 24.08% | 21.73% | |
44 Neutral | $7.44M | -0.38 | ― | ― | ― | ― | |
41 Neutral | $4.12M | -0.38 | -25.20% | ― | -25.07% | 13.43% | |
| ― | $96.63M | -0.04 | -34.49% | ― | 4368.01% | -109.28% |
* Consumer Cyclical Sector Average
BQ
Boqii Holding
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WNW
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JWEL
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Boqii Holding Corporate Events
Boqii Calls May 6 AGM to Overhaul Capital Structure and Articles
Apr 20, 2026
Boqii Holding Limited has called an annual general meeting of shareholders for May 6, 2026, in Shanghai to vote on a sweeping set of capital and governance changes. The meeting will be open to shareholders of record as of April 20, 2026, who may v...
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...
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.