What is Mogu Inc's earnings per share (EPS)?

Mogu Inc (MOGU) reported diluted earnings per share of $0.00 for fiscal year 2025. 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.

Mogu Inc Financials

MOGU

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2025 Currency USD FYE March

This page shows Mogu Inc (MOGU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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 MOGU FY2025 2026-04-22

Sales contraction is outrunning cost cuts, leaving MOGU funded more by its balance sheet than by operations.

The biggest change is not the loss line but the quality of liquidity: cash fell from $49.7M to $11.3M in one year. Because investing cash outflow reached $28.7M while capex was only $1.4M, most of that drain came from uses outside routine upkeep of the business itself.

Over the last two annual comparisons, the revenue base fell 42.4% while SG&A plus R&D fell only 18.4%. With gross margin also slipping to 40.0% from 50.9%, the company is not just smaller; it is keeping less gross profit to absorb a cost base that has shrunk more slowly.

Across the last two annual periods, total liabilities were roughly flat, but the equity cushion fell 24.4%. That lifted the leverage ratio from 0.5x to 0.6x, meaning balance-sheet strain is coming more from a thinner equity cushion than from a large buildup in obligations.

Financial Health Signals

Financial Health Score 26/100

Scored as: Emerging companies peer group

Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Mogu Inc'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.

Cash Runway

R&D Intensity

Revenue Progress

Burn Trend

Balance Sheet

Altman Z-Score Distress

-14.33

Mogu Inc scores -14.33, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($16.0M) relative to total liabilities ($44.3M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

0/7

Mogu Inc passes 0 of 7 computable financial strength tests (2 of the nine could not be computed from available data). No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

1.09x

For every $1 of reported earnings, Mogu Inc generates $1.09 in operating cash flow (-$9.4M OCF vs -$8.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$19.5M

YoY-12.4%

5Y CAGR-30.3%

Mogu Inc generated $19.5M in revenue in fiscal year 2025. This represents a decrease of 12.4% from the prior year.

EBITDA

-$12.3M

YoY-28.8%

Mogu Inc's EBITDA was -$12.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 28.8% from the prior year.

Net Income

-$8.6M

YoY-5.0%

Mogu Inc reported -$8.6M in net income in fiscal year 2025. This represents a decrease of 5.0% from the prior year.

EPS (Diluted)

$0.00

Mogu Inc earned $0.00 per diluted share (EPS) in fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

-$10.7M

YoY+42.4%

Mogu Inc generated -$10.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 42.4% from the prior year.

Cash & Debt

$11.3M

YoY-77.3%

5Y CAGR-37.8%

Mogu Inc held $11.3M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

40.0%

YoY-3.2pp

5Y CAGR-24.9pp

Mogu Inc's gross margin was 40.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 3.2 percentage points from the prior year.

Operating Margin

-71.6%

YoY-22.2pp

5Y CAGR+176.5pp

Mogu Inc's operating margin was -71.6% in fiscal year 2025, reflecting core business profitability. This is down 22.2 percentage points from the prior year.

Net Margin

-44.3%

YoY-7.3pp

5Y CAGR+221.9pp

Mogu Inc's net profit margin was -44.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 7.3 percentage points from the prior year.

Return on Equity

-12.3%

YoY-2.2pp

5Y CAGR+100.0pp

Mogu Inc's ROE was -12.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.2 percentage points from the prior year.

Capital Allocation

R&D Spending

$4.1M

YoY+11.6%

5Y CAGR-29.8%

Mogu Inc invested $4.1M in research and development in fiscal year 2025. This represents an increase of 11.6% from the prior year.

Share Buybacks

$113K

5Y CAGR-34.4%

Mogu Inc spent $113K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$1.4M

YoY-89.3%

5Y CAGR-1.2%

Mogu Inc invested $1.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 89.3% from the prior year.

MOGU Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$19.5M-12.4%	$22.2M-34.3%	$33.8M-36.5%	$53.2M-27.7%	$73.6M-37.6%	$118.0M
Cost of Revenue	$11.7M-7.5%	$12.6M-23.8%	$16.6M-34.1%	$25.2M-9.9%	$27.9M-32.6%	$41.5M
Gross Profit	$7.8M-18.8%	$9.6M-44.3%	$17.2M-38.7%	$28.1M-38.6%	$45.7M-40.3%	$76.5M
R&D Expenses	$4.1M+11.6%	$3.7M-31.4%	$5.4M-58.6%	$13.0M-17.5%	$15.8M-34.7%	$24.2M
SG&A Expenses	$7.8M+2.3%	$7.6M-17.3%	$9.2M-26.0%	$12.5M-20.6%	$15.7M-13.1%	$18.1M
Operating Income	-$13.9M-27.1%	-$11.0M+59.8%	-$27.3M+74.2%	-$105.8M-61.6%	-$65.5M+77.6%	-$292.7M
Interest Expense	$0-100.0%	$26K-70.1%	$87K	N/A	N/A	N/A
Income Tax	$116K+151.8%	-$224K+22.2%	-$288K+87.4%	-$2.3M-389.4%	$791K+1053.0%	-$83K
Net Income	-$8.6M-5.0%	-$8.2M+68.3%	-$25.9M+74.3%	-$100.9M-101.6%	-$50.1M+84.1%	-$314.0M
EPS (Diluted)	$0.00	$0.00+100.0%	$-0.01+75.0%	$-0.04-100.0%	$-0.02+83.3%	$-0.12

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Revenue	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
Gross Profit	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
SG&A Expenses	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
Interest Expense	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
Net Income	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

MOGU Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$118.3M-9.0%	$130.0M-9.5%	$143.6M-22.0%	$184.1M-34.4%	$280.8M-18.5%	$344.7M
Current Assets	$66.9M-4.9%	$70.3M-24.6%	$93.3M-17.7%	$113.4M-24.7%	$150.7M-18.6%	$185.1M
Cash & Equivalents	$11.3M-77.3%	$49.7M-18.0%	$60.6M-12.4%	$69.2M-16.4%	$82.7M-31.6%	$121.0M
Inventory	$2K-85.7%	$14K-33.3%	$21K+75.0%	$12K-67.6%	$37K-91.0%	$413K
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	$0-100.0%	$10.0M-64.8%	$28.5M+8.1%	$26.3M
Total Liabilities	$44.3M-1.3%	$44.9M-2.1%	$45.8M-13.2%	$52.8M-10.1%	$58.8M-9.6%	$65.0M
Current Liabilities	$44.2M-0.8%	$44.6M-1.5%	$45.2M-10.9%	$50.8M-8.9%	$55.8M-9.3%	$61.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$70.1M-13.9%	$81.5M-12.2%	$92.8M-25.5%	$124.6M-43.9%	$222.1M-20.6%	$279.7M
Retained Earnings	-$1.2B-0.2%	-$1.2B+4.2%	-$1.3B+5.8%	-$1.4B-11.6%	-$1.2B-12.7%	-$1.1B

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Total Assets	$118.3M-9.0%	$130.0M-9.5%	$143.6M-22.0%	$184.1M-34.4%	$280.8M-18.5%	$344.7M-49.8%	$686.0M
Current Assets	$66.9M-4.9%	$70.3M-24.6%	$93.3M-17.7%	$113.4M-24.7%	$150.7M-18.6%	$185.1M-30.2%	$265.0M
Cash & Equivalents	$11.3M-77.3%	$49.7M-18.0%	$60.6M-12.4%	$69.2M-16.4%	$82.7M-31.6%	$121.0M-36.4%	$190.2M
Inventory	$2K-85.7%	$14K-33.3%	$21K+75.0%	$12K-67.6%	$37K-91.0%	$413K-45.0%	$751K
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	$0-100.0%	$10.0M-64.8%	$28.5M+8.1%	$26.3M-88.7%	$233.7M
Total Liabilities	$44.3M-1.3%	$44.9M-2.1%	$45.8M-13.2%	$52.8M-10.1%	$58.8M-9.6%	$65.0M-21.6%	$82.9M
Current Liabilities	$44.2M-0.8%	$44.6M-1.5%	$45.2M-10.9%	$50.8M-8.9%	$55.8M-9.3%	$61.5M-24.9%	$81.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$70.1M-13.9%	$81.5M-12.2%	$92.8M-25.5%	$124.6M-43.9%	$222.1M-20.6%	$279.7M-53.6%	$603.1M
Retained Earnings	-$1.2B-0.2%	-$1.2B+4.2%	-$1.3B+5.8%	-$1.4B-11.6%	-$1.2B-12.7%	-$1.1B-33.6%	-$808.4M

MOGU Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$9.4M-67.0%	-$5.6M-281.5%	-$1.5M+91.9%	-$18.0M-51.7%	-$11.9M+73.0%	-$44.0M
Capital Expenditures	$1.4M-89.3%	$13.0M+372.3%	$2.8M-68.3%	$8.7M-62.7%	$23.3M+1482.8%	$1.5M
Free Cash Flow	-$10.7M+42.4%	-$18.6M-340.8%	-$4.2M+84.2%	-$26.7M+24.0%	-$35.2M+22.7%	-$45.5M
Investing Cash Flow	-$28.7M-946.5%	-$2.7M-3176.4%	$89K-96.0%	$2.2M+114.9%	-$14.8M+7.7%	-$16.0M
Financing Cash Flow	-$113K	$0+100.0%	-$1.8M-2574.6%	$71K+100.4%	-$18.2M-339.4%	-$4.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$113K	$0-100.0%	$194K-87.3%	$1.5M-91.6%	$18.3M+1873.5%	$927K

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Operating Cash Flow	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
Free Cash Flow	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
Financing Cash Flow	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
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A

MOGU Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	40.0%-3.2pp	43.1%-7.8pp	50.9%-1.8pp	52.7%-9.3pp	62.0%-2.8pp	64.8%
Operating Margin	-71.6%-22.2pp	-49.4%+31.4pp	-80.8%+117.9pp	-198.7%-109.7pp	-88.9%+159.2pp	-248.2%
Net Margin	-44.3%-7.3pp	-37.0%+39.7pp	-76.7%+112.9pp	-189.6%-121.6pp	-68.0%+198.2pp	-266.2%
Return on Equity	-12.3%-2.2pp	-10.1%+17.9pp	-27.9%+53.1pp	-81.0%-58.5pp	-22.5%+89.7pp	-112.3%
Return on Assets	-7.3%-1.0pp	-6.3%+11.7pp	-18.1%+36.8pp	-54.8%-37.0pp	-17.8%+73.3pp	-91.1%
Current Ratio	1.51-0.1	1.58-0.5	2.06-0.2	2.23-0.5	2.70-0.3	3.01
Debt-to-Equity	0.63+0.1	0.55+0.1	0.49+0.1	0.42+0.2	0.26+0.0	0.23
FCF Margin	-55.2%+28.7pp	-84.0%-71.4pp	-12.5%+37.7pp	-50.2%-2.4pp	-47.8%-9.2pp	-38.6%

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Gross Margin	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
Net Margin	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
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.51-0.1	1.58-0.5	2.06-0.2	2.23-0.5	2.70-0.3	3.01-0.2	3.24
Debt-to-Equity	0.63+0.1	0.55+0.1	0.49+0.1	0.42+0.2	0.26+0.0	0.23+0.1	0.14
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Similar Companies

Solo Brands Inc DTC

$31.3M

Linkage Global Inc LGCB

$20.0M

Ipower Inc IPW

$1.9M

NFT LIMITED MI

$2.0M

Yunji YJ

$7.0M

Frequently Asked Questions

What is Mogu Inc's annual revenue?

Mogu Inc (MOGU) reported $19.5M in total revenue for fiscal year 2025. This represents a -12.4% 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 Mogu Inc's revenue growing?

Mogu Inc (MOGU) revenue declined by 12.4% year-over-year, from $22.2M to $19.5M in fiscal year 2025.

Is Mogu Inc profitable?

No, Mogu Inc (MOGU) reported a net income of -$8.6M in fiscal year 2025, with a net profit margin of -44.3%.

What is Mogu Inc's EBITDA?

Mogu Inc (MOGU) had EBITDA of -$12.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Mogu Inc's gross margin?

Mogu Inc (MOGU) had a gross margin of 40.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Mogu Inc's operating margin?

Mogu Inc (MOGU) had an operating margin of -71.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Mogu Inc's net profit margin?

Mogu Inc (MOGU) had a net profit margin of -44.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Mogu Inc's return on equity (ROE)?

Mogu Inc (MOGU) has a return on equity of -12.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Mogu Inc's free cash flow?

Mogu Inc (MOGU) generated -$10.7M in free cash flow during fiscal year 2025. This represents a 42.4% 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 Mogu Inc's operating cash flow?

Mogu Inc (MOGU) generated -$9.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Mogu Inc's total assets?

Mogu Inc (MOGU) had $118.3M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Mogu Inc's capital expenditures?

Mogu Inc (MOGU) invested $1.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Mogu Inc spend on research and development?

Mogu Inc (MOGU) invested $4.1M in research and development during fiscal year 2025.

Does Mogu Inc buy back shares?

Yes, Mogu Inc (MOGU) spent $113K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Mogu Inc's current ratio?

Mogu Inc (MOGU) had a current ratio of 1.51 as of fiscal year 2025, which is generally considered healthy.

What is Mogu Inc's debt-to-equity ratio?

Mogu Inc (MOGU) had a debt-to-equity ratio of 0.63 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Mogu Inc's return on assets (ROA)?

Mogu Inc (MOGU) had a return on assets of -7.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Mogu Inc's cash runway?

Based on fiscal year 2025 data, Mogu Inc (MOGU) had $11.3M in cash against an annual operating cash burn of $9.4M. This gives an estimated cash runway of approximately 14 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 Mogu Inc's Altman Z-Score?

Mogu Inc (MOGU) has an Altman Z-Score of -14.33, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Mogu Inc's Piotroski F-Score?

Mogu Inc (MOGU) has a Piotroski F-Score of 0 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Mogu Inc's earnings high quality?

Mogu Inc (MOGU) has an earnings quality ratio of 1.09x, 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.

How financially healthy is Mogu Inc?

Mogu Inc (MOGU) scores 26 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.