← Boqii Holding Ltd
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $88.4m | $292.2m | $162.9m | $89.8m | $72.7m | $38.7m | |
| Short-term investments | — | $168.5m | $128.1m | $69.8m | — | $4.0m | |
| Accounts receivable, net | $45.0m | $45.7m | $49.2m | $76.7m | $50.1m | $29.3m | |
| Inventories, net | $63.1m | $91.6m | $109.9m | $81.1m | $55.2m | $40.1m | |
| Prepayments and other current assets | $76.7m | $85.3m | $116.7m | $79.4m | $94.5m | $90.5m | |
| Receivable for issuance of ordinary shares | ($9k) | ($413.4m) | ($164.7m) | ($83.4m) | ($16.0m) | ($6.2m) | |
| Total current assets | $279.1m | $694.8m | $578.6m | $406.2m | $278.3m | $222.3m | |
| Long-term investments | $73.4m | $74.3m | $82.3m | $75.6m | $65.9m | $65.0m | |
| Property and equipment, net | $5.0m | $8.4m | $7.8m | $5.5m | $3.1m | $4.2m | |
| Intangible assets | $33.5m | $29.5m | $25.5m | $21.6m | $17.9m | $14.7m | |
| Operating lease right-of-use assets | $15.0m | $29.2m | $38.6m | $22.4m | $9.0m | $3.1m | |
| Amounts due from related parties | $6.0m | $11.5m | $11.7m | $9.4m | $5.7m | $19.8m | |
| Amounts due from related parties, non-current | — | — | — | $3.0m | $5.7m | $4.9m | |
| Other non-current asset | $11.0m | $4.1m | $4.9m | $6.6m | $3.5m | $1.9m | |
| Short-term borrowings (including amounts of the consolidated VIEs and VIEs’ subsidiaries without recourse to the Company of RMB10,213 and RMB 63 as of March 31, 2024 and 2025, respectively) | $75.2m | $85.6m | $161.1m | $86.3m | $15.2m | $9.1m | |
| Salary and welfare payable (including amounts of the consolidated VIEs and VIEs’ subsidiaries without recourse to the Company of RMB440 and RMB 57 as of March 31, 2024 and 2025, respectively) | $4.5m | $6.3m | $6.9m | $6.9m | $3.0m | $1.9m | |
| Accrued liabilities and other current liabilities (including amounts of the consolidated VIEs and VIEs’ subsidiaries without recourse to the Company of RMB6,759 and RMB 3,563 as of March 31, 2024 and 2025, respectively) | $37.9m | $30.1m | $27.3m | $22.1m | $16.7m | $11.9m | |
| Contract liabilities (including amounts of the consolidated VIEs and VIEs’ subsidiaries without recourse to the Company of RMB1,579 and RMB 1,768 as of March 31, 2024 and 2025, respectively) | $7.7m | $3.9m | $7.0m | $4.5m | $1.6m | $1.8m | |
| Operating lease liabilities, current (including amounts of the consolidated VIEs and VIEs’ subsidiaries without recourse to the Company of RMB5,254 and RMB 1,284 as of March 31, 2024 and 2025, respectively) | $8.0m | $8.1m | $10.0m | $9.2m | $5.6m | $1.7m | |
| Derivative liabilities (including amounts of the consolidated VIEs and VIEs’ subsidiaries without recourse to the Company of Nil as of March 31, 2024 and 2025, respectively) | $14.4m | $10.0m | $9.1m | $10.7m | $5.7m | $5k | |
| Operating lease liabilities, non-current (including amounts of the consolidated VIEs and VIEs’ subsidiaries without recourse to the Company of RMB2,209 and RMB 538 as of March 31, 2024 and 2025, respectively) | $5.4m | $20.0m | $28.2m | $12.7m | $3.1m | $851k | |
| Other debts, non-current (including amounts of the consolidated VIEs and VIEs’ subsidiaries without recourse to the Company of RMB11,500 and RMB 200 as of March 31, 2024 and 2025, respectively) | $165.8m | $433.3m | $181.1m | $102.8m | $43.9m | $38.6m | |
| Redeemable non-controlling interests | $2.0b | $5.9m | $6.5m | $7.2m | $8.0m | $8.8m | |
| Ordinary shares value | — | $446k | $454k | $455k | $1.0m | $3.2m | |
| Statutory reserves | $2.6m | $3.0m | $3.4m | $3.9m | $3.9m | $3.9m | |
| Non-controlling interests | $43.7m | $45.0m | $42.6m | $39.5m | $34.2m | $29.8m | |
| Total non-current assets | $178.1m | $185.8m | $199.8m | $134.6m | $105.0m | $93.8m | |
| Total non-current liabilities | $246.4m | $530.3m | $214.1m | $119.7m | $50.3m | $41.9m | |
| Total mezzanine equity | $1.9b | $5.9m | $6.5m | $7.2m | $8.0m | $8.8m | |
| Total Boqii Holding Limited shareholders’ equity | ($2.0b) | $82.7m | $199.2m | $178.3m | $218.7m | $189.8m | |
| Total shareholders’ equity | ($2.0b) | $127.7m | $241.8m | $217.8m | $252.9m | $219.6m | |
| Total assets | $457.2m | $880.6m | $778.3m | $540.8m | $383.2m | $316.2m | |
| Accounts payable (including accounts payable of the consolidated VIEs and VIEs’ subsidiaries without recourse to the Company of RMB2,279 and RMB 421 as of March 31, 2024 and 2025, respectively) | $88.0m | $71.8m | $94.2m | $56.0m | $24.3m | $19.6m | |
| Total current liabilities | $311.9m | $216.6m | $315.9m | $196.1m | $72.0m | $45.9m | |
| Deferred tax liabilities (including amounts of the consolidated VIEs and VIEs’ subsidiaries without recourse to the Company of Nil as of March 31, 2024 and 2025, respectively) | $10.6m | $9.0m | $4.8m | $4.1m | $3.2m | $2.4m | |
| Total liabilities | $558.3m | $746.9m | $530.0m | $315.8m | $122.3m | $87.8m | |
| Additional paid-in capital | — | $3.3b | $3.3b | $3.3b | $3.3b | $3.3b | |
| Accumulated other comprehensive loss | $11.2m | ($20.2m) | ($46.1m) | ($37.2m) | ($39.5m) | ($37.8m) | |
| Accumulated deficit | ($2.0b) | ($2.8b) | ($2.9b) | ($3.0b) | ($3.1b) | ($3.1b) | |
| Total liabilities, mezzanine equity and shareholders’ equity | $457.2m | $880.6m | $778.3m | $540.8m | $383.2m | $316.2m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.