MOGU Inc. (MOGU)
MOGU Inc., through its various subsidiaries, manages a significant online fashion and lifestyle e-commerce platform catering to consumers across the People's Republic of China. This digital marketplace features an extensive array of products, encompassing fashion apparel, beauty items, and accessories, primarily sourced from a wide network of third-party merchants. Furthermore, the company facilitates the sale of personal care products, makeup, food, medical beauty services, healthcare supplies, groceries, and household essentials. Beyond its retail operations, MOGU Inc. provides a range of services to both its merchants and end-users, including online marketing, commission-based transaction processing, financial solutions, and technological support. It also offers specialized technology services directly to brand owners. Customers can access MOGU's diverse offerings via its mobile applications, most notably the flagship Mogujie app and various mini-programs hosted on Weixin (WeChat). The company also maintains a strong online presence through its dedicated websites, which include Mogu.com, Mogujie.com, and Meilishuo.com. Established in 2011 and headquartered in Hangzhou, China, the company was initially known as Meili Inc. before officially rebranding as MOGU Inc. in November 2018.
Sector: Services-Business Services, NEC
Industry: Specialty Retail
MOGU Inc.
NYSE:MOGUConsumer Cyclical · Specialty Retail
+0.00%$1.97
CLOSED · Nov 3Prev close$1.970.00%Close$1.970.00%AH close$1.97
AH$1.97+0.00%vs close
Mkt Cap$16.12M
Float7.1M
O/S8.18M
VOL4K sh
$ Vol$8K
RVOL0.18×
Inst Own18.8%
SI0.1%
EarningsDec 2 · in 4w
Dilution
Financials Summary
Revenue$18.22M
Net Income$267K
Total Assets$123.93M
Free Cash Flow-$7.72M
Debt & Equity
Debt 0%
Equity 100%
Total Debt$115K
Total Equity$76.15M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:12Reverse splitMar 28, 202212 shares → 1
Balance Sheet Details
Assets$123.93M
Liabilities$47.78M
Accounts Receivable$6.01M
Accounts Payable$532K
Inventory$7K
PP&E (Net)$41.22M
Goodwill$0
Intangible Assets$80K
Income Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 |
| Revenue | $18.22M | $21.17M | $24.03M | $34.78M | $50.66M | $72.3M | $125.19M | $161M | $145.86M | $166.34M |
| YoY Growth | -13.9% | -11.9% | -30.9% | -31.3% | -29.9% | -42.3% | -22.2% | 10.4% | -12.3% | - |
| Cost of Revenue | $13.03M | $12.7M | $13.67M | $17.07M | $23.92M | $27.44M | $44.03M | $47.03M | $47.62M | $56.62M |
| Gross Profit | $5.18M | $8.46M | $10.36M | $17.71M | $26.66M | $44.85M | $81.16M | $113.98M | $98.24M | $109.72M |
| Gross Margin | 28.4% | 40.0% | 43.1% | 50.9% | 52.6% | 62.0% | 64.8% | 70.8% | 67.4% | 66.0% |
| Research and Development | $4.18M | $4.49M | $4.01M | $5.56M | $12.39M | $15.51M | $25.65M | $35.44M | $43.35M | $62.72M |
| Selling, General, and Administrative | $12.63M | $17.18M | $18.37M | $19.66M | $34.11M | $49.88M | $111.11M | $136.7M | $127.1M | $122.32M |
| Other | $1 | $1.95M | -$141K | $20.6M | $80.73M | $43.75M | $255.08M | $28.01M | $57.77M | $66.07M |
| Total Operating Expenses | $16.81M | $23.62M | $22.23M | $45.81M | $127.23M | $109.14M | $391.83M | $200.03M | $228.22M | $251.11M |
| Operating Income (EBIT) | -$11.62M | -$15.16M | -$11.87M | -$28.09M | -$100.49M | -$64.28M | -$310.67M | -$86.05M | -$127M | -$160.56M |
| Operating Margin | -63.8% | -71.6% | -49.4% | -80.8% | -198.4% | -88.9% | -248.2% | -53.4% | -87.1% | -96.5% |
| Interest Expense | $2K | $150 | $29K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $331K | $885K | $1.91M | $2.52M | $2.08M | $2.94M | $4.39M | $5.05M | $5.02M | $3.67M |
| Other Income (Expense) | $12.98M | $6.21M | $1.59M | -$141K | $2.04M | $15.91M | -$5.58M | $9.73M | $30.08M | $3.67M |
| Income Before Tax (EBT) | $1.36M | -$8.95M | -$10.28M | -$28.23M | -$98.45M | -$48.38M | -$316.25M | -$76.32M | -$96.18M | -$156.89M |
| Income Tax Expense | $890K | $126K | -$242K | -$297K | -$2.17M | $776K | -$88K | -$2.58M | -$13.29M | -$16.14M |
| Net Income | $267K | -$9.38M | -$8.89M | -$26.67M | -$95.89M | -$49.16M | -$333.26M | -$72.88M | -$83.65M | -$140.75M |
| Net Income Margin | 1.5% | -44.3% | -37.0% | -76.7% | -189.3% | -68.0% | -266.2% | -45.3% | -57.4% | -84.6% |
| Supplementary Data | ||||||||||
| EPS | 0.21 | -7.77 | -6.84 | -20.91 | -75.00 | -36.00 | 0.00 | -54.62 | -68.93 | -513.86 |
| Diluted EPS | 0.21 | -7.17 | -6.84 | -21.00 | -75.00 | -36.00 | 0.00 | -54.54 | -68.93 | -511.48 |
| Weighted Average OS | 8.18M | 8.04M | 8.66M | 8.48M | 8.40M | 8.77M | 0 | 8.90M | 8.10M | 1.83M |
| EBITDA | -$9.91M | -$6.55M | -$7.71M | -$3.12M | -$15.41M | -$12.71M | -$52.47M | -$54.42M | -$63.08M | -$59.8M |
| EBITDA Margin | -54.4% | -30.9% | -32.1% | -9.0% | -30.4% | -17.6% | -41.9% | -33.8% | -43.2% | -36.0% |
Balance Sheet
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 |
| Assets | ||||||||||
| Current Assets | ||||||||||
| Cash and Cash Equivalents | $20.03M | $12.29M | $53.77M | $62.38M | $65.74M | $81.24M | $128.38M | $191.34M | $183.5M | $190.38M |
| Short-Term Investments | $24.21M | $44.6M | $9.19M | $21.86M | $29.5M | $39M | $35.67M | $31.77M | $19.48M | $60.04M |
| Cash and Short-Term Investments | $44.23M | $56.89M | $62.96M | $84.23M | $95.24M | $120.25M | $164.05M | $223.12M | $202.99M | $250.42M |
| Accounts Receivable | $6.01M | $6.93M | $2.56M | $0 | $4.01M | $6.18M | $7.98M | $18.12M | $13.45M | $110.99M |
| Inventory | $7K | $2K | $15K | $22K | $12K | $36K | $439K | $756K | $16K | $614K |
| Other Current Assets | $645K | $77K | $6.51M | $12.07M | $7.33M | $18.98M | $20.04M | $36.75M | $37.65M | $112.52M |
| Total Current Assets | $51.27M | $72.77M | $76.11M | $99.76M | $107.75M | $147.94M | $196.42M | $266.58M | $248.16M | $371.05M |
| Long-Term Assets | ||||||||||
| Property, Plant & Equipment Net | $41.22M | $42.3M | $45.31M | $29.98M | $1.15M | $1.62M | $2.11M | $1.79M | $2.47M | $14.94M |
| Goodwill | $0 | $0 | $0 | $0 | $9.51M | $27.95M | $27.95M | $235.1M | $235.1M | $235.1M |
| Intangible Assets | $80K | $108K | $142K | $1.88M | $13.46M | $63.85M | $121.85M | $150.17M | $17.5M | $75.07M |
| Long-Term Investments | $24.73M | $7.49M | $12.26M | $10.39M | $10.81M | $9.95M | $15.34M | $36.23M | $30.13M | $1.64M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $6.63M | $5.96M | $6.82M | $9.54M | $32.22M | $24.45M | $2.13M | $114K | $2.81M | $4.27M |
| Total Long-Term Assets | $72.66M | $55.85M | $64.53M | $51.79M | $67.15M | $127.81M | $169.38M | $423.4M | $288.01M | $331.02M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $123.93M | $128.62M | $140.63M | $151.54M | $174.9M | $275.74M | $365.8M | $689.98M | $536.17M | $702.07M |
| Liabilities | ||||||||||
| Current Liabilities | ||||||||||
| Accounts Payable | $532K | $674K | $1.03M | $1.23M | $2.69M | $2.99M | $2.56M | $2.7M | $1.84M | $1.66M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $1.51M | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $471K | $193K | $666K | $489K | $234K | $950K | $876K | $1.28M | $676K |
| Current Unearned Revenue | $13.62M | $13.73M | $14.78M | $0 | $135K | $12K | $15K | $176K | $46.57M | $58M |
| Other Current Liabilities | $0 | $0 | $28.64M | $44.01M | $39.4M | $47.23M | $56.27M | $62.31M | $37.2M | $85.8M |
| Total Current Liabilities | $47.74M | $48.09M | $48.23M | $50.31M | $48.23M | $54.75M | $65.21M | $82.27M | $100.43M | $160.96M |
| Long-Term Liabilities | ||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $195K | $0 | $1.82M | $2.63M | $3.23M | $372K | $3.78M | $17.17M |
| Other Long-Term Liabilities | $0 | $0 | $0 | $505K | $133K | $322K | $546K | $708K | $0 | $0 |
| Total Long-Term Liabilities | $36K | $53K | $311K | $618K | $1.95M | $2.95M | $3.77M | $1.08M | $3.78M | $17.17M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $47.78M | $48.14M | $48.54M | $50.93M | $50.18M | $57.69M | $68.98M | $83.35M | $104.21M | $178.13M |
| Stockholders' Equity | ||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.09B | $982.62M |
| Common Stock | $27K | $27K | $27K | $27K | $27K | $27K | $27K | $27K | $21.03M | $21.03M |
| Retained Earnings | -$1.34B | -$1.34B | -$1.33B | -$1.32B | -$1.29B | -$1.2B | -$1.15B | -$813.14M | -$674.58M | -$490.15M |
| Comprehensive Income & Other | $11.91M | $10.89M | $13.92M | $12.35M | $10.84M | $15.06M | $30.64M | $12.03M | -$250K | $10.44M |
| Other Stockholders' Equity | $1.41B | $1.41B | $1.42B | $1.41B | $1.41B | $1.41B | $1.44B | $1.42B | $1.09B | $993.06M |
| Total Equity | $76.15M | $76.28M | $88.18M | $96.03M | $118.36M | $218.05M | $296.82M | $606.63M | $431.97M | $523.94M |
| Minority Interest | $0 | $4.2M | $3.91M | $5.1M | $6.36M | $0 | $0 | $0 | $0 | -$450 |
| Total Liabilities and Equity | $123.93M | $124.42M | $136.73M | $146.95M | $168.54M | $275.74M | $365.8M | $689.98M | $536.17M | $702.07M |
| Supplementary Data | ||||||||||
| Total Debt | $115K | $146K | $399K | $511K | $1.51M | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$19.91M | -$12.15M | -$53.37M | -$61.87M | -$64.23M | -$81.24M | -$128.38M | -$191.34M | -$183.5M | -$190.38M |
Cash Flow Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 |
| Operating Activities | ||||||||||
| Net Income | $483K | -$9.08M | -$8.89M | -$26.67M | -$95.89M | -$49.15M | -$333.26M | -$72.88M | -$83.65M | -$140.75M |
| Depreciation & Amortization | $1.72M | $2.02M | $2.11M | $11.08M | $49.99M | $52.62M | $50.73M | $30.93M | $66.9M | $80.4M |
| Deferred Income Tax | $0 | $0 | -$263K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $2K | $126K | $688K | $2.03M | $1.87M | $3.94M | $4.82M | $15.45M | $2.52M | $3.11M |
| Changes in Working Capital: | ||||||||||
| Accounts Receivable | $647K | -$45K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$5K | $13K | $7K | -$10K | $24K | $403K | $317K | -$739K | $598K | -$416K |
| Accounts Payable | -$143K | -$354K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$8.93M | -$8.3M | $513K | -$2.15M | -$5.54M | -$5.33M | -$6.53M | -$13.41M | $5.17M | -$67.05M |
| Total Working Capital Change | -$8.44M | -$8.69M | $520K | -$2.16M | -$5.52M | -$4.92M | -$6.21M | -$14.15M | $5.77M | -$67.46M |
| Other Non-Cash Items | -$875K | $5.44M | -$233K | $14.21M | $32.41M | -$14.17M | $237.2M | -$8.18M | -$38.73M | -$62K |
| Net Cash from Operating | -$7.11M | -$10.18M | -$6.06M | -$1.51M | -$17.15M | -$11.68M | -$46.73M | -$48.83M | -$47.19M | -$124.77M |
| Investing Activities | ||||||||||
| Capital Expenditures | -$614K | -$1.51M | -$14.11M | -$8.33M | -$8.26M | -$22.88M | -$1.56M | -$1.3M | -$775K | -$3.55M |
| Acquisitions | $0 | $0 | $0 | $0 | -$5.42M | $0 | $0 | $0 | $0 | -$10.37M |
| Purchases of Investments | -$84.46M | -$56.59M | -$48.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $53.84M | $34.66M | $59.04M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $46.12M | -$7.73M | $301K | $8.42M | $15.77M | $8.39M | -$15.39M | -$11.12M | $51.8M | -$67.26M |
| Net Cash from Investing | $14.89M | -$31.16M | -$2.96M | $91K | $2.09M | -$14.49M | -$16.96M | -$12.41M | $51.03M | -$81.18M |
| Financing Activities | ||||||||||
| Debt Repaid | - | - | - | - | - | - | - | -$589K | - | - |
| Common Stock Issuance | $1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | -$123K | $0 | -$200K | -$1.45M | -$17.96M | -$984K | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $91K | -$3.41M | $3.24M | $1.07M | $423K |
| Net Cash from Financing | $1K | -$123K | $0 | -$1.81M | $67K | -$17.87M | -$4.4M | $62.18M | $1.07M | $29.22M |
| Forex Effect | -$48K | -$15K | $377K | -$129K | -$518K | -$3.09M | $5.09M | $6.91M | -$11.81M | $14.39M |
| Net Change in Cash | $7.73M | -$41.48M | -$8.65M | -$3.36M | -$15.51M | -$47.13M | -$63M | $7.84M | -$6.91M | $190.56M |
| Supplementary Data | ||||||||||
| Operating Cash Flow | -$7.11M | -$10.18M | -$6.06M | -$1.51M | -$17.15M | -$11.68M | -$46.73M | -$48.83M | -$47.19M | -$124.77M |
| Capital Expenditure | -$614K | -$1.51M | -$14.11M | -$8.33M | -$8.26M | -$22.88M | -$1.56M | -$1.3M | -$775K | -$3.55M |
| Free Cash Flow | -$7.72M | -$11.69M | -$20.18M | -$9.84M | -$25.41M | -$34.56M | -$48.29M | -$50.13M | -$47.96M | -$128.31M |
| Cash at Beginning | $12.37M | $53.85M | $62.5M | $65.86M | $81.36M | $128.5M | $191.49M | $183.65M | $190.56M | $0 |
| Cash at End | $20.1M | $12.37M | $53.85M | $62.5M | $65.86M | $81.36M | $128.5M | $191.49M | $183.65M | $190.56M |