Boqii (ADR)
Connects pet shopping, community content, private labels and offline distribution across China.
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Profile
Operates a China-focused pet-commerce platform selling branded and private-label pet products through Boqii Mall and third-party stores, with content, wholesale distribution and marketing services alongside retail. Product sales supply most revenue, while PRC subsidiaries and VIEs conduct the operating business.
Combines the self-operated Boqii Mall and branded stores on Tmall, JD.com, Pinduoduo and Douyin with Boqii Community, a content property that links posts, reviews and short videos to products. The China-focused catalog spans food, treats, supplies and over-the-counter veterinary drugs, alongside Yoken, Mocare and D-cat private labels. Sales also reach pet stores and hospitals through bulk distribution.
Generates most revenue from product sales as principal, buying goods from brand and manufacturing partners, while advertising, KOL campaigns and online or offline marketing supply service fees. Shopping and content behavior inform recommendations and private-label development. Operating business lies with PRC subsidiaries and VIEs while shareholders own a Cayman holding company; the operating entities depend on licenses for online services and veterinary-drug sales that are subject to renewal under PRC regulation.
Company facts
Key statistics
Year to date −52.6% · Average volume (30d) 4.2M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 13, 2026 | −$10.83 | $1.35 | +112.5% | $34.5M | $15.4M | −55.2% | −4.30% |
| Jun 26, 2026Q4 FY26 | −$10.83 | $1.25 | +111.5% | $34.5M | $212.5M | +516.2% | −4.17% |
| Jul 18, 2025 | — | −$1.03 | — | — | $15.1M | — | +0.72% |
| Dec 31, 2024Q2 FY25 | — | −$1.03 | — | — | $15.0M | — | +5.56% |
Financial highlights
| 9 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $18.6M | $16.3M | $16.3M | $15.5M | $15.8M | $15.8M | |
| Gross profit | $3.8M | $3.6M | $3.6M | $4.0M | $4.2M | $4.2M | |
| Operating income | −$2.0M | −$2.4M | −$2.4M | −$1.3M | −$970.0K | −$970.0K | |
| Net income | −$2.0M | −$2.0M | −$2.0M | −$807.0K | $429.3K | $429.3K | |
| Diluted EPS | −$3.33 | −$1.14 | −$1.14 | −$4.22 | $1.38 | $1.38 | |
| Gross margin | 20.7% | 22.3% | 22.3% | 25.9% | 26.7% | 26.7% | |
| Operating margin | -10.8% | -14.7% | -14.7% | -8.1% | -6.1% | -6.1% |
Fiscal years (4-quarter sums)FY25 $69.8M
Balance sheet, Mar 31, 2026Cash & short-term investments $7.4M · Total debt $6.3M · Total assets $36.0M · Shareholders' equity $28.0M
Dividends
No dividends on record.
Ownership
Shares outstanding 2.79M · Float —
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Bigger Capital Fund L P | 232.7K | 6.65% | 13G | Nov 10, 2025 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Alibaba Group (ADR)
Dominant marketplace channel for China pet retail and brand traffic.
- JD.com (ADR)
Large retail marketplace and fulfillment alternative for pet products.
- PDD (ADR)
Value-led marketplace competing for China pet-product purchase occasions.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Boqii (ADR) | $0.9373 | −2.01% | $2.7M | — | — | 0.0 | +1,311.6% |
| Alibaba Group (ADR) | $118.57 | −0.26% | $284.99B | 27.1 | 18.1 | 1.8 | +14.8% |
| JD.com (ADR) | $28.63 | −0.35% | $40.35B | 19.0 | 8.8 | 0.2 | +2.5% |
| PDD (ADR) | $85.92 | +0.20% | $121.97B | 9.1 | 10.1 | 1.8 | +14.0% |
| Median | 19.0 | 10.1 | 1.8 | +14.0% |






