What is Borqs Technologi's earnings per share (EPS)?

Borqs Technologi (BRQSF) reported diluted earnings per share of $0.16 for fiscal year 2025. This represents a -70.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Borqs Technologi Financials

BRQSF

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Borqs Technologi (BRQSF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BRQSF FY2025 2026-05-15

Improving gross margins have not translated into self-funding operations, leaving the business reliant on balance-sheet flexibility.

From FY2022 to FY2024, gross margin rose from 13.4% to 20.9%, yet FY2024 still showed operating losses of -$3.1M and free cash flow of -$2.9M; the hidden message is that better product economics were outweighed by a cost base and cash needs the revenue scale could not cover.

FY2024’s net income of $16.7M sits awkwardly beside negative operating income and cash flow, so reported profit quality was weak and the year’s profit did not reflect the core business turning cash-generative. Liabilities of $29.0M exceeded assets of $25.4M, and the current ratio was 0.9x, which means liquidity remained tight even after the accounting profit.

Some figures from recent filings were inconsistent and were omitted from this summary.

Financial Health Signals

Financial Profile 50/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Borqs Technologi's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Borqs Technologi has an operating margin of -127.9%, meaning the company retains $-128 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -11.3% the prior year.

Growth

Borqs Technologi's revenue declined 50.9% year-over-year, from $27.7M to $13.6M. This contraction results in a growth score of 2/100.

Leverage

Borqs Technologi carries a low D/E ratio of 0.24, meaning only $0.24 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 5.39, Borqs Technologi holds $5.39 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

While Borqs Technologi generated -$27.9M in operating cash flow, capex of $37K consumed most of it, leaving -$27.9M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

100

Borqs Technologi earns a strong 79.7% return on equity (ROE), meaning it generates $80 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100.

Piotroski F-Score Weak

3/9

Borqs Technologi passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

-5.20x

For every $1 of reported earnings, Borqs Technologi generates $-5.20 in operating cash flow (-$27.9M OCF vs $5.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-24.8x

Borqs Technologi earns $-24.8 in operating income for every $1 of interest expense (-$17.4M vs $700K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$13.6M

YoY-50.9%

5Y CAGR-12.7%

10Y CAGR-15.7%

Borqs Technologi generated $13.6M in revenue in fiscal year 2025. This represents a decrease of 50.9% from the prior year.

EBITDA

-$17.4M

YoY-535.3%

Borqs Technologi's EBITDA was -$17.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 535.3% from the prior year.

Net Income

$5.4M

YoY-67.9%

10Y CAGR+9.8%

Borqs Technologi reported $5.4M in net income in fiscal year 2025. This represents a decrease of 67.9% from the prior year.

EPS (Diluted)

$0.16

YoY-70.9%

Borqs Technologi earned $0.16 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 70.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$27.9M

YoY-869.0%

Borqs Technologi generated -$27.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 869.0% from the prior year.

Cash & Debt

$2.6M

YoY+28.7%

5Y CAGR-3.0%

10Y CAGR-10.3%

Borqs Technologi held $2.6M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

45M

YoY+57.0%

5Y CAGR-5.4%

Borqs Technologi had 45M shares outstanding in fiscal year 2025. This represents an increase of 57.0% from the prior year.

Margins & Returns

Gross Margin

3.7%

YoY-17.2pp

5Y CAGR-2.3pp

10Y CAGR-19.1pp

Borqs Technologi's gross margin was 3.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 17.2 percentage points from the prior year.

Operating Margin

-127.9%

YoY-116.6pp

5Y CAGR+24.0pp

10Y CAGR-128.8pp

Borqs Technologi's operating margin was -127.9% in fiscal year 2025, reflecting core business profitability. This is down 116.6 percentage points from the prior year.

Net Margin

39.4%

YoY-20.8pp

5Y CAGR+169.5pp

10Y CAGR+36.6pp

Borqs Technologi's net profit margin was 39.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 20.8 percentage points from the prior year.

Return on Equity

79.7%

Borqs Technologi's ROE was 79.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

Capital Allocation

R&D Spending

$3.5M

YoY+51.9%

5Y CAGR-15.5%

10Y CAGR-6.9%

Borqs Technologi invested $3.5M in research and development in fiscal year 2025. This represents an increase of 51.9% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$37K

YoY-67.5%

5Y CAGR-12.5%

10Y CAGR-26.4%

Borqs Technologi invested $37K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 67.5% from the prior year.

BRQSF Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$13.6M-50.9%	$27.7M+34.7%	$20.6M-50.1%	$41.2M+39.4%	$29.6M+10.5%	$26.8M
Cost of Revenue	$13.1M-40.2%	$21.9M+31.3%	$16.7M+171.5%	$6.1M-34.8%	$9.4M-2.7%	$9.7M
Gross Profit	$500K-91.4%	$5.8M+49.5%	$3.9M-30.1%	$5.5M+112.5%	$2.6M+63.3%	$1.6M
R&D Expenses	$3.5M+51.9%	$2.3M-36.6%	$3.7M+8.1%	$3.4M-36.1%	$5.3M-35.1%	$8.2M
SG&A Expenses	$14.2M+119.1%	$6.5M-41.7%	$11.1M+103.8%	$5.4M-76.9%	$23.6M+22996.1%	$102K
Operating Income	-$17.4M-454.3%	-$3.1M+72.3%	-$11.3M-228.9%	-$3.4M+86.8%	-$26.1M+35.6%	-$40.6M
Interest Expense	$700K-9.1%	$770K+10.0%	$700K-94.0%	$11.7M+0.4%	$11.7M+207.8%	$3.8M
Income Tax	$5K-37.5%	$8K+100.4%	-$2.1M-208500.0%	$1K+100.2%	-$445K-209.6%	$406K
Net Income	$5.4M-67.9%	$16.7M+163.1%	-$26.5M+22.2%	-$34.0M+39.1%	-$55.9M-60.6%	-$34.8M
EPS (Diluted)	$0.16-70.9%	$0.55+127.1%	$-2.03+88.6%	$-17.79+80.4%	$-90.95-612.8%	$-12.76

Metric	Q4'25	Q2'25	Q4'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BRQSF Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$8.6M-66.3%	$25.4M+18.6%	$21.4M-28.9%	$30.1M-43.4%	$53.3M+81.4%	$29.4M
Current Assets	$8.5M-63.6%	$23.4M+28.7%	$18.1M-35.2%	$28.0M-10.3%	$31.2M+30.8%	$23.9M
Cash & Equivalents	$2.6M+28.7%	$2.0M+154.0%	$800K-92.9%	$11.3M+84.8%	$6.1M+101.0%	$3.0M
Inventory	N/A	N/A	$3.6M-16.0%	$4.2M-37.4%	$6.8M+152.7%	$2.7M
Accounts Receivable	$156K+34.5%	$116K-46.8%	$218K-93.7%	$3.5M+53.9%	$2.3M+139.6%	$944K
Goodwill	N/A	$12.2M0.0%	$12.2M	N/A	$12.2M	N/A
Total Liabilities	$1.6M-94.5%	$29.0M-19.1%	$35.9M-13.2%	$41.3M-41.5%	$70.5M-23.0%	$91.6M
Current Liabilities	$1.6M-94.1%	$26.9M-18.5%	$33.0M-13.0%	$37.9M-41.1%	$64.4M-25.8%	$86.8M
Long-Term Debt	N/A	N/A	$2.7M+58.5%	$1.7M-83.1%	$10.0M+699.2%	$1.3M
Total Equity	$6.7M+297.7%	-$3.4M+75.0%	-$13.6M-26.2%	-$10.8M+53.6%	-$23.2M+62.6%	-$62.1M
Retained Earnings	-$309.5M+1.7%	-$314.8M+5.0%	-$331.5M-8.7%	-$305.1M-12.6%	-$271.0M-26.0%	-$215.2M

Metric	Q4'25	Q2'25	Q4'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Total Assets	$8.6M-64.2%	$23.9M-5.9%	$25.4M+18.6%	$21.4M-18.7%	$26.4M-12.6%	$30.1M-52.6%	$63.6M+19.4%	$53.3M
Current Assets	$8.5M-64.3%	$23.9M+2.1%	$23.4M+28.7%	$18.1M-26.5%	$24.7M-11.8%	$28.0M-30.7%	$40.4M+29.5%	$31.2M
Cash & Equivalents	$2.6M-72.7%	$9.6M+372.0%	$2.0M+154.0%	$800K-90.3%	$8.3M-26.7%	$11.3M-38.7%	$18.4M+201.5%	$6.1M
Inventory	N/A	N/A	N/A	$3.6M-35.5%	$5.5M+30.2%	$4.2M-35.7%	$6.6M-2.6%	$6.8M
Accounts Receivable	$156K-81.4%	$837K+621.6%	$116K-46.8%	$218K-78.2%	$1.0M-71.3%	$3.5M+4.3%	$3.3M+47.6%	$2.3M
Goodwill	N/A	N/A	$12.2M0.0%	$12.2M	N/A	N/A	$12.2M0.0%	$12.2M
Total Liabilities	$1.6M-91.7%	$19.3M-33.6%	$29.0M-19.1%	$35.9M-3.0%	$37.0M-10.5%	$41.3M-37.5%	$66.1M-6.4%	$70.5M
Current Liabilities	$1.6M-91.8%	$19.3M-28.4%	$26.9M-18.5%	$33.0M-3.2%	$34.1M-10.1%	$37.9M-36.9%	$60.1M-6.6%	$64.4M
Long-Term Debt	N/A	N/A	N/A	$2.7M	N/A	$1.7M	N/A	$10.0M
Total Equity	$6.7M+50.8%	$4.5M+231.0%	-$3.4M+75.0%	-$13.6M-28.3%	-$10.6M+1.7%	-$10.8M-28.3%	-$8.4M+63.8%	-$23.2M
Retained Earnings	-$309.5M-0.2%	-$309.0M+1.9%	-$314.8M+5.0%	-$331.5M+0.7%	-$333.9M-9.4%	-$305.1M-10.0%	-$277.4M-2.3%	-$271.0M

BRQSF Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$27.9M-907.5%	-$2.8M+59.2%	-$6.8M-22.9%	-$5.5M+80.8%	-$28.7M-256.6%	-$8.1M
Capital Expenditures	$37K-67.5%	$114K-54.4%	$250K-65.2%	$718K-8.1%	$781K+984.7%	$72K
Free Cash Flow	-$27.9M-869.0%	-$2.9M+59.0%	-$7.0M-12.8%	-$6.2M+78.9%	-$29.5M-263.0%	-$8.1M
Investing Cash Flow	$25.1M+154.1%	$9.9M+297.5%	-$5.0M-48.6%	-$3.4M-237.8%	-$998K-125.2%	$4.0M
Financing Cash Flow	-$411K+89.9%	-$4.0M-319.9%	$1.8M-87.6%	$14.9M-56.5%	$34.3M+2629.1%	-$1.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BRQSF Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	3.7%-17.2pp	20.9%+2.1pp	18.8%+5.4pp	13.4%+4.6pp	8.8%+2.8pp	6.0%
Operating Margin	-127.9%-116.6pp	-11.3%+43.8pp	-55.2%-46.8pp	-8.4%+80.1pp	-88.5%+63.4pp	-151.8%
Net Margin	39.4%-20.8pp	60.3%+188.9pp	-128.7%-46.1pp	-82.6%+106.4pp	-189.0%-58.9pp	-130.0%
Return on Equity	79.7%	N/A	N/A	N/A	N/A	N/A
Return on Assets	62.7%-3.0pp	65.7%+189.2pp	-123.5%-10.6pp	-112.9%-8.0pp	-104.9%+13.6pp	-118.5%
Current Ratio	5.39+4.5	0.87+0.3	0.55-0.2	0.74+0.3	0.48+0.2	0.27
Debt-to-Equity	0.24+8.8	-8.52-8.3	-0.20-0.0	-0.16+0.3	-0.43-0.4	-0.02
FCF Margin	-205.4%-195.0pp	-10.4%+23.8pp	-34.2%-19.1pp	-15.2%+84.7pp	-99.9%-69.5pp	-30.4%

Metric	Q4'25	Q2'25	Q4'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	5.39+4.2	1.24+0.4	0.87+0.3	0.55-0.2	0.72-0.0	0.74+0.1	0.67+0.2	0.48
Debt-to-Equity	0.24-4.1	4.32+12.8	-8.52-8.3	-0.20+3.3	-3.48-3.3	-0.16+7.7	-7.85-7.4	-0.43
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Similar Companies

Apptech APCX

$8.7M

Imaginear Inc IPNFF

$1.3M

Fobi Ai Inc FOBIF

$19.6M

Jasperx Technologies Inc VENZF

$3.8M

Deepspatial DSAIF

$6.9M

Frequently Asked Questions

What is Borqs Technologi's annual revenue?

Borqs Technologi (BRQSF) reported $13.6M in total revenue for fiscal year 2025. This represents a -50.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Borqs Technologi's revenue growing?

Borqs Technologi (BRQSF) revenue declined by 50.9% year-over-year, from $27.7M to $13.6M in fiscal year 2025.

Is Borqs Technologi profitable?

Yes, Borqs Technologi (BRQSF) reported a net income of $5.4M in fiscal year 2025, with a net profit margin of 39.4%.

What is Borqs Technologi's EBITDA?

Borqs Technologi (BRQSF) had EBITDA of -$17.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Borqs Technologi's gross margin?

Borqs Technologi (BRQSF) had a gross margin of 3.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Borqs Technologi's operating margin?

Borqs Technologi (BRQSF) had an operating margin of -127.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Borqs Technologi's net profit margin?

Borqs Technologi (BRQSF) had a net profit margin of 39.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Borqs Technologi's return on equity (ROE)?

Borqs Technologi (BRQSF) has a return on equity of 79.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Borqs Technologi's free cash flow?

Borqs Technologi (BRQSF) generated -$27.9M in free cash flow during fiscal year 2025. This represents a -869.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Borqs Technologi's operating cash flow?

Borqs Technologi (BRQSF) generated -$27.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Borqs Technologi's total assets?

Borqs Technologi (BRQSF) had $8.6M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Borqs Technologi's capital expenditures?

Borqs Technologi (BRQSF) invested $37K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Borqs Technologi spend on research and development?

Borqs Technologi (BRQSF) invested $3.5M in research and development during fiscal year 2025.

How many shares does Borqs Technologi have outstanding?

Borqs Technologi (BRQSF) had 45M shares outstanding as of fiscal year 2025.

What is Borqs Technologi's current ratio?

Borqs Technologi (BRQSF) had a current ratio of 5.39 as of fiscal year 2025, which is generally considered healthy.

What is Borqs Technologi's debt-to-equity ratio?

Borqs Technologi (BRQSF) had a debt-to-equity ratio of 0.24 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Borqs Technologi's return on assets (ROA)?

Borqs Technologi (BRQSF) had a return on assets of 62.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Borqs Technologi's cash runway?

Based on fiscal year 2025 data, Borqs Technologi (BRQSF) had $2.6M in cash against an annual operating cash burn of $27.9M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Borqs Technologi's Piotroski F-Score?

Borqs Technologi (BRQSF) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Borqs Technologi's earnings high quality?

Borqs Technologi (BRQSF) has an earnings quality ratio of -5.20x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Borqs Technologi cover its interest payments?

Borqs Technologi (BRQSF) has an interest coverage ratio of -24.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Borqs Technologi?

Borqs Technologi (BRQSF) scores 50 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.