Boqii FY26 net loss narrows 96.8% to RMB 1.9 million; revenue falls 10.3% to RMB 420.5 million
BQ•Margins and operating loss improved
Gross margin widened 4.8 percentage points to 26.3%, as gross profit rose 9.7% to RMB 110.44 million.
Operating loss improved to RMB 29.97 million from RMB 59.32 million, as operating expenses declined 12.4% to RMB 140.8 million.
GMV mix shifted toward pet staple food
GMV mix shifted toward pet staple food at 71.4% of total GMV; private label GMV fell to RMB 169.8 million, or 22% of total GMV.
FY26 results show narrower loss despite lower revenue
Boqii posted net revenue of RMB 420.47 million, down 10.3%, as product sales fell 11.6% to RMB 381.21 million.
Net loss narrowed to RMB 1.88 million from RMB 58.6 million, helped by other gains of RMB 29.5 million.
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