Borqs Technologies, Inc. (BRQSF)
Borqs Technologies, Inc. is a global technology firm that delivers smart connected devices running on the Android operating system, alongside associated cloud service solutions. The company specializes in offering commercial-grade Android platform software and related services, designed specifically to meet the demands of various vertical market segments through its proprietary BorqsWare software platform. This platform comprises two main components: 1. BorqsWare Client software: This has been integrated into a wide range of Android-powered gadgets, including smartphones, tablets, smartwatches, and diverse Internet-of-Things (IoT) devices. 2. BorqsWare Server software platform: This provides the essential back-end server capabilities, enabling customers to develop their own complete, end-to-end mobile services for their devices. Borqs serves a broad customer base, including manufacturers of mobile chipsets, original equipment manufacturers (OEMs) of mobile devices, and mobile network operators. Furthermore, the company develops specialized mobile connected device solutions tailored for both business (enterprise) and individual consumer applications. The company was founded in 2007 and operates from its main office situated in Kwun Tong, Hong Kong.
Sector: Services-Computer Integrated Systems Design
Industry: Information Technology Services
Borqs Technologies, Inc.
OTC:BRQSFTechnology · Information Technology Services
-19.88%$0.1029
Mkt Cap-
Float24.32M
O/S-
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$13.6M
Net Income$5.37M
Total Assets$24.64M
Free Cash Flow-$23.32M
Debt & Equity
Debt 0%
Equity 100%
Total Debt$42K
Total Equity$22.82M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BRQSF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$24.64M
Liabilities$1.61M
Accounts Receivable$156K
Accounts Payable$22K
Inventory$0
PP&E (Net)$48K
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Revenue | $13.6M | $27.71M | $32.05M | $52.54M | $29.56M | $26.75M | $0 | $128.42M | $122.23M | $85.45M | $75.07M |
| YoY Growth | -50.9% | -13.5% | -39.0% | 77.7% | 10.5% | - | - | 5.1% | 43.0% | 13.8% | - |
| Cost of Revenue | $13.11M | $21.93M | $23.95M | $41.42M | $26.95M | $25.16M | $0 | $134.44M | $103.49M | $64.94M | $58.01M |
| Gross Profit | $497K | $5.79M | $8.09M | $11.12M | $2.61M | $1.6M | $0 | -$6.02M | $18.74M | $20.5M | $17.07M |
| Gross Margin | 3.7% | 20.9% | 25.3% | 21.2% | 8.8% | 6.0% | - | -4.7% | 15.3% | 24.0% | 22.7% |
| Research and Development | $3.52M | $2.32M | $4.9M | $4.52M | $5.29M | $8.16M | $0 | $6.34M | $6.19M | $5.39M | $7.21M |
| Selling, General, and Administrative | $14.37M | $7M | $13.51M | $7.53M | $23.71M | $34.05M | $0 | $54.49M | $22.87M | $10.13M | $12.24M |
| Other | $0 | -$396K | -$22K | -$1.88M | $0 | $0 | $0 | -$180K | -$1.92M | -$3.73M | -$3.09M |
| Total Operating Expenses | $17.89M | $8.92M | $18.38M | $11.9M | $28.76M | $42.22M | $0 | $60.65M | $27.15M | $11.8M | $16.35M |
| Operating Income (EBIT) | -$17.39M | -$3.14M | -$10.29M | -$787K | -$26.15M | -$40.62M | $0 | -$66.67M | -$8.41M | $8.71M | -$469K |
| Operating Margin | -127.9% | -11.3% | -32.1% | -1.5% | -88.5% | -151.8% | - | -51.9% | -6.9% | 10.2% | -0.6% |
| Interest Expense | $44K | $1.26M | $1.27M | $11.73M | $11.68M | $3.79M | $4.97M | $2.58M | $1.83M | $0 | $0 |
| Interest Income | $9K | $9K | $63K | $47K | $3K | $5K | $15K | $2K | $4K | $0 | $91K |
| Other Income (Expense) | $27.11M | $20.61M | -$17.64M | -$28.1M | -$29.5M | $4.94M | -$3.38M | -$2.06M | -$2.04M | -$29K | $77K |
| Income Before Tax (EBT) | $9.71M | $17.47M | -$27.93M | -$28.89M | -$55.66M | -$35.68M | $0 | -$68.73M | -$10.45M | $8.68M | -$392K |
| Income Tax Expense | $5K | $8K | -$1M | $59K | -$445K | $406K | $0 | $331K | $2.34M | $3.24M | $0 |
| Net Income | $5.37M | $16.7M | -$26.47M | -$34.03M | -$55.87M | -$35.5M | -$34.41M | -$71.76M | -$12.57M | $3.23M | -$392K |
| Net Income Margin | 39.4% | 60.2% | -82.6% | -64.8% | -189.0% | -132.7% | - | -55.9% | -10.3% | 3.8% | -0.5% |
| Supplementary Data | |||||||||||
| EPS | 0.16 | 0.55 | -2.03 | -17.79 | -90.95 | -153.12 | -184.32 | -441.60 | -291.84 | 128.89 | -3.04 |
| Diluted EPS | 0.16 | 0.55 | -2.03 | -17.79 | -90.95 | -153.12 | -184.32 | -441.60 | -291.84 | 97.96 | -13.91 |
| Weighted Average OS | 32.95M | 30.45M | 13.04M | 1.91M | 614,227 | 231,848 | 187,078 | 162,500 | 66,888 | 32,952 | 129,887 |
| EBITDA | -$17.29M | $19.98M | -$25.3M | -$14.81M | -$41.02M | -$25.49M | -$21.4M | -$59.67M | -$3.94M | $11.87M | -$469K |
| EBITDA Margin | -127.1% | 72.1% | -79.0% | -28.2% | -138.7% | -95.3% | - | -46.5% | -3.2% | 13.9% | -0.6% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Assets | |||||||||||
| Current Assets | |||||||||||
| Cash and Cash Equivalents | $2.62M | $2.03M | $1.05M | $11.3M | $6.12M | $3.04M | $16.97M | $1.93M | $13.01M | $319K | $462K |
| Short-Term Investments | $4.89M | $3.81M | $3.5M | $1.44M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $7.5M | $5.85M | $4.54M | $12.74M | $6.12M | $3.04M | $16.97M | $1.93M | $13.01M | $319K | $462K |
| Accounts Receivable | $156K | $861K | $2.36M | $3.48M | $2.26M | $944K | $2.63M | $2.45M | $63.16M | $0 | $0 |
| Inventory | $0 | $525K | $3.92M | $4.24M | $6.76M | $2.67M | $0 | $6.79M | $16.81M | $0 | $0 |
| Other Current Assets | $847K | $11.08M | $6.97M | $7.5M | $15.86M | $37K | $26.37M | $19.43M | $35.08M | $0 | $0 |
| Total Current Assets | $8.51M | $23.36M | $18.14M | $27.99M | $31.21M | $23.86M | $16.97M | $53.83M | $133.81M | $349K | $549K |
| Long-Term Assets | |||||||||||
| Property, Plant & Equipment Net | $48K | $223K | $3.25M | $1.73M | $2.49M | $859K | $0 | $305K | $504K | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $978K | $3.54M | $9.43M | $11.44M | $11.67M | $0 | $0 |
| Long-Term Investments | $16.09M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $53.55M | $59.88M |
| Deferred Tax Assets | $0 | $0 | $0 | $424K | $471K | $1.09M | $0 | $639K | $523K | $0 | $0 |
| Other Long-Term Assets | $0 | $1.83M | $44K | $424K | $18.1M | $0 | -$9.43M | $14.17M | $16.5M | $0 | $0 |
| Total Long-Term Assets | $16.14M | $2.05M | $3.29M | $2.15M | $22.04M | $5.49M | $19.73M | $26.56M | $29.2M | $53.55M | $59.88M |
| Other Assets | $0 | $0 | $1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $24.64M | $25.41M | $21.43M | $30.14M | $53.25M | $29.35M | $0 | $80.39M | $163.01M | $53.9M | $60.43M |
| Liabilities | |||||||||||
| Current Liabilities | |||||||||||
| Accounts Payable | $22K | $5.39M | $6.85M | $7.07M | $9.45M | $12.99M | $16.29M | $18.81M | $45.55M | $266K | $180K |
| Short-Term Debt | $12K | $417K | $3.1M | $1.69M | $14.09M | $15.37M | $21.46M | $17.85M | $18.08M | $1.25M | $90K |
| Current Income Tax Payable | $0 | $180K | $685K | $521K | $891K | $2.58M | $0 | $3.52M | $3.57M | $0 | $0 |
| Current Unearned Revenue | $250K | $3.63M | $4.2M | $9.37M | $12.39M | $12.28M | $0 | $7.79M | $5.68M | $286K | $90K |
| Other Current Liabilities | $647K | $4.34M | $33.42M | $36.71M | $24.17M | $3.24M | $50.58M | $17.65M | $33.18M | -$552K | -$270K |
| Total Current Liabilities | $1.58M | $26.92M | $33.02M | $37.94M | $64.39M | $86.81M | $20.98M | $83.15M | $107.03M | $1.51M | $270K |
| Long-Term Liabilities | |||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $1.25M | $0 | $0 | $12.65M | $959K | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $417K | $1.8M | $0 | $0 | $6.8M | $3.3M | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $909K | $1.01M | $0 | $0 | $2.45M | $2.06M | $0 | $0 |
| Other Long-Term Liabilities | $0 | $2.09M | $1.31M | $1.99M | $3.59M | $3.16M | $5.93M | $10.46M | -$9.03M | -$959K | $0 |
| Total Long-Term Liabilities | $30K | $2.09M | $2.85M | $3.35M | $6.15M | $4.78M | $1.99M | $19.72M | $8.98M | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.61M | $29.01M | $35.86M | $41.3M | $70.54M | $91.59M | $22.97M | $102.87M | $116.01M | $1.51M | $270K |
| Stockholders' Equity | |||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $54.55M | $60.55M |
| Retained Earnings | -$309.48M | -$314.84M | -$331.54M | -$305.07M | -$271.04M | -$215.18M | $0 | -$146.19M | -$74.23M | -$2.16M | -$392K |
| Comprehensive Income & Other | -$154K | -$2.49M | -$29.32M | -$1.61M | $810K | $854K | $0 | -$46K | $1.39M | $0 | $0 |
| Other Stockholders' Equity | $332.3M | $311.44M | $317.92M | $294.28M | $247.79M | $153.05M | - | $124.02M | $122.03M | $0 | $0 |
| Total Equity | $22.82M | -$3.4M | -$13.62M | -$10.79M | -$23.25M | -$62.13M | $0 | -$22.18M | $47.8M | $52.39M | $60.16M |
| Minority Interest | $216K | -$193K | -$812K | -$358K | $5.96M | -$113K | $0 | -$296K | -$797K | $0 | $0 |
| Total Liabilities and Equity | $24.43M | $25.6M | $22.24M | $30.5M | $47.29M | $29.46M | $22.97M | $80.69M | $163.81M | $53.9M | $60.43M |
| Supplementary Data | |||||||||||
| Total Debt | $42K | $596K | $5.41M | $2.27M | $13.39M | $17.3M | $0 | $17.85M | $18.08M | $2.2M | $90K |
| Net Debt | -$2.57M | -$1.44M | $4.36M | -$9.04M | $7.27M | $14.26M | -$16.97M | $15.92M | $5.07M | $1.88M | -$372K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Operating Activities | |||||||||||
| Net Income | $9.42M | $17.32M | -$26.47M | -$38.86M | -$56.6M | -$34.79M | $0 | -$72M | -$12.36M | -$1.77M | -$392K |
| Depreciation & Amortization | $107K | $1.25M | $1.35M | $2.34M | $3.06M | $6.39M | $0 | $6.48M | $4.68M | $0 | $0 |
| Deferred Income Tax | -$991K | $84K | $783K | -$55K | $680K | -$1M | $0 | $1.57M | $937K | $0 | $0 |
| Stock-Based Compensation | $0 | $51K | $7.77M | $3.39M | $17.53M | $19.99M | $0 | $976K | $14.67M | $800K | $0 |
| Changes in Working Capital: | |||||||||||
| Accounts Receivable | $4.71M | -$3.72M | $1.13M | -$1.05M | -$1.38M | $1.56M | $0 | $44.5M | -$36.17M | $0 | $0 |
| Inventory | $29K | $1.5M | $679K | $1.98M | -$5.31M | $2.2M | $0 | $9.22M | -$4.35M | $0 | $0 |
| Accounts Payable | -$4.83M | $4.14M | -$218K | -$1.38M | -$1.26M | -$2.98M | $0 | -$29.14M | $27M | $0 | $0 |
| Other Working Capital | $410K | -$1.56M | -$8.95M | $2.12M | $948K | $465K | $0 | $1.24M | -$8.68M | $142K | $93K |
| Total Working Capital Change | $316K | $353K | -$7.36M | $3.29M | -$15.11M | $2.77M | $0 | $25.83M | -$22.2M | $142K | $93K |
| Other Non-Cash Items | -$32.13M | -$21.83M | $17.13M | $15.06M | $6.78M | $2.81M | $0 | $39.72M | $1.64M | -$201K | -$77K |
| Net Cash from Operating | -$23.28M | -$2.77M | -$6.79M | -$5.52M | -$28.74M | -$8.06M | $0 | $2.58M | -$12.63M | -$1.02M | -$376K |
| Investing Activities | |||||||||||
| Capital Expenditures | -$37K | -$114K | -$250K | -$718K | -$781K | -$213K | $0 | -$155K | -$842K | $0 | $0 |
| Acquisitions | $22.49M | $9.89M | $0 | -$1.12M | $121K | $4.17M | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | -$3.38M | -$2.06M | -$1.44M | $0 | $0 | $0 | $0 | $0 | -$459K | -$59.8M |
| Sales of Investments | $0 | $3.5M | $0 | $0 | $0 | $0 | $5.3M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $2.69M | $0 | -$2.7M | -$100K | -$338K | $0 | $0 | -$4.11M | -$7.28M | $6.99M | $0 |
| Net Cash from Investing | $25.14M | $9.89M | -$5.01M | -$3.37M | -$998K | $3.96M | $0 | -$4.26M | -$8.12M | $6.53M | -$59.8M |
| Financing Activities | |||||||||||
| Debt Repaid | - | - | -$1.42M | -$15.19M | -$34.32M | -$1.25M | -$7.21M | - | $631K | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $10.4M | $0 | $9.07M | $0 | $60.98M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$10.07M | -$312K | -$6.8M | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $424K | $138K | $297K | $0 | $0 | $0 | $18.03M | $196K | -$337K |
| Net Cash from Financing | -$411K | -$4.05M | $1.84M | $14.9M | $34.27M | -$1.35M | $0 | -$11.54M | $31.86M | -$5.65M | $60.64M |
| Forex Effect | -$889K | -$591K | -$307K | -$2.59M | $311K | $228K | $0 | -$324K | $648K | $0 | $0 |
| Net Change in Cash | $557K | $643K | -$10.26M | $3.41M | $3.25M | -$5.23M | $0 | -$14.59M | $8.25M | -$143K | $462K |
| Supplementary Data | |||||||||||
| Operating Cash Flow | -$23.28M | -$2.77M | -$6.79M | -$5.52M | -$28.74M | -$8.06M | $0 | $2.58M | -$12.63M | -$1.02M | -$376K |
| Capital Expenditure | -$37K | -$114K | -$250K | -$718K | -$781K | -$213K | $0 | -$155K | -$842K | $0 | $0 |
| Free Cash Flow | -$23.32M | -$2.88M | -$7.04M | -$6.24M | -$29.52M | -$8.27M | $0 | $2.43M | -$13.47M | -$1.02M | -$376K |
| Cash at Beginning | $2.06M | $1.07M | $11.34M | $7.92M | $3.08M | $8.31M | $0 | $16.52M | $4.76M | $462K | $0 |
| Cash at End | $2.62M | $1.72M | $1.07M | $11.34M | $6.33M | $3.08M | $0 | $1.93M | $13.01M | $319K | $462K |