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Boqii Holding Limited is a prominent player in the pet industry, specifically operating as an online retailer. Its primary focus is on offering a vast array of pet-related products and services through its e-commerce platform. This digital marketplace includes pet food, pet accessories, grooming products, and other pet-centric items, catering to a diverse range of pets including dogs, cats, birds, and aquatic animals. Boqii distinguishes itself with a comprehensive selection that allows pet owners to find everything they need to care for their animals. Based in China, Boqii is strategically positioned in one of the world's largest markets, driven by a growing pet-owning population and increasing consumer spending on pet care. Boqii's platform not only serves individual pet owners but also constitutes a critical supply channel for pet product brands looking to penetrate the Chinese market. In the financial market, Boqii Holding Limited is significant due to its status as a representative of the pet industry's shift towards digital commerce, showcasing both the dynamism and potential growth opportunities within this sector. Its role is essential in facilitating the accessibility and diversity of pet care options in the modern digital economy.
$0.86
+$0.02 (+2.25%)
EOD Jul 17, 2026
The business is unprofitable at the operating level (-12.65% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 33.9% YoY. Margins deteriorated 4.2pp alongside, both lines moving the wrong way.
Negative free cash flow of -¥70M. The business is consuming cash, not generating it. Operating margin contracted 4.2pp YoY, cost discipline may be slipping.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
¥469M
▼ -33.9% YoY
Net Income (TTM)
-¥59M
▲ +15.0% YoY
Op. Margin
-12.65%
▼ -4.2pp YoY
ROIC
-17.52%
▲ +9.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-¥70M
▼ -169.9% YoY
Op. Cash Flow (TTM)
-¥28M
▼ -10.8% YoY
Net Debt
-¥31M
Net Cash Position
Cash & Equiv.
¥43M
3Y CAGR: -26.6%
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Boqii Holding (BQ)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Boqii Holding scores 23/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full . This is analysis, not investment advice.
Boqii Holding scores 23 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -12.7% operating margin and a -17.5% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. you should weigh BQ's valuation and scores 23/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.