Mogu Inc (MOGU) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2026, filed Jul 24, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MOGU SEC filings page.
Mogu Inc (MOGU) reported $18.2M in revenue for fiscal year 2026, down 6.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).
MOGU’s shrinking, margin-compressing business reached bottom-line breakeven in FY2026 without converting operations into cash.
Across FY2022-FY2026, gross margin compressed from52.7% to28.6% as the business contracted, pointing to worsening unit economics rather than a simple volume slowdown. Net income reached$266K despite an operating loss and operating cash flow of-$6.9M ; this earnings-to-cash divergence means the reported profit did not reflect cash-generating operations.
The reported cash-and-investment comparison equaled 116.5 months of FY2026 operating outflow, while the current ratio was only 1.1x; that contrast separates a sizable resource balance from the day-to-day cushion available against current obligations. The ratio had fallen from 2.2x in FY2022, indicating steadily tighter short-term flexibility.
Free cash flow improved from
Financial Health Signals
Scored against emerging companies for FY2026. 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.
Mogu Inc held $66.7M in cash, cash equivalents and investments at the end of fiscal year 2026, and its operations used $6.9M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Mogu Inc scores 76/100 among other emerging companies.
Not available for Mogu Inc, and counted as zero in the overall score.
Mogu Inc spent $4.2M on research and development in fiscal year 2026, which was 14.6% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Mogu Inc scores 44/100 among other emerging companies.
Mogu Inc reported revenue of $18.2M in fiscal year 2026, against $19.5M in fiscal year 2025. Revenue Progress ranks emerging companies on the three-year path of that line, and Mogu Inc scores 31/100 among other emerging companies.
Mogu Inc's operations used $6.9M of cash in fiscal year 2026, against $9.4M used in fiscal year 2025. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Mogu Inc scores 34/100 among other emerging companies.
Mogu Inc's cash, cash equivalents and investments came to $66.7M at the end of fiscal year 2026, against $46.2M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Mogu Inc scores 68/100 among other emerging companies.
Mogu Inc scores -15.01, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($15.7M) relative to total liabilities ($46.2M). 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.
Mogu Inc passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Mogu Inc reported $266K of net income while operations used $6.9M of cash. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.
Mogu Inc reported an operating loss of $10.5M against $2K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2026.
Cash & Balance Sheet
Mogu Inc held $19.4M in cash as of Q4 2026; long-term debt is not reported for that period.
Not reported for Q4 2026.
Not reported for Q4 2026.
Margins & Returns
None of these metrics is reported for Q4 2026.
Capital Allocation
None of these metrics is reported for Q4 2026.
MOGU Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
MOGU Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2620-F | Q4'2520-F | Q4'2410-K | Q4'2310-K | Q4'2210-K | Q4'2110-K | Q4'2010-K | Q4'1910-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $119.9M+1.4% | $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 | $49.6M-25.9% | $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 | $19.4M+71.4% | $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 |
| Short-Term Investments | $23.4M-42.9% | $41.0M+382.9% | $8.5M-60.0% | $21.2M-31.6% | $31.1M-21.8% | $39.7M+18.2% | $33.6M+6.4% | $31.6M |
| Inventory | $7K+250.0% | $2K-85.7% | $14K-33.3% | $21K+75.0% | $12K-67.6% | $37K-91.0% | $413K-45.0% | $751K |
| Long-Term Investments | $23.9M+247.4% | $6.9M-39.2% | $11.3M+12.3% | $10.1M-11.3% | $11.4M+12.3% | $10.1M-29.9% | $14.5M-59.9% | $36.0M |
| Goodwill | N/A | N/A | N/A | $0-100.0% | $10.0M-64.8% | $28.5M+8.1% | $26.3M-88.7% | $233.7M |
| Total Liabilities | $46.2M+4.4% | $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 | $46.2M+4.4% | $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 |
| Non-Current Liabilities | $35K-28.6% | $49K-82.9% | $287K-52.2% | $601K-70.7% | $2.1M-31.7% | $3.0M-15.5% | $3.6M+231.0% | $1.1M |
| Total Equity | $73.7M+5.0% | $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 | -$1.3B-5.2% | -$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 |
Not reported in any period shown, so not listed: Accounts Receivable, Long-Term Debt.
MOGU Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
MOGU Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Mogu Inc MOGU | FY2026 | $18.2M | $266K | 1.5% | $15.7M | 42/100 |
| Linkage Global Inc LGCB | FY2025 | $5.1M | -$7.4M | N/A | $20.0M | 17/100 |
| Ipower Inc IPW | FY2025 | $66.1M | -$5.0M | -7.5% | $393K | 27/100 |
| NFT LIMITED MI | FY2025 | $726K | -$1.4M | N/A | $548K | — |
| Yunji YJ | FY2025 | $45.3M | -$19.1M | -42.0% | $10.0M | 40/100 |
Where Mogu Inc Ranks
Frequently Asked Questions
What is Mogu Inc's annual revenue?
Mogu Inc (MOGU) reported $18.2M in total revenue for fiscal year 2026. This represents a -6.6% 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 6.6% year-over-year, from $19.5M to $18.2M in fiscal year 2026.
Is Mogu Inc profitable?
Yes, Mogu Inc (MOGU) reported a net income of $266K in fiscal year 2026, with a net profit margin of 1.5%.
What is Mogu Inc's EBITDA?
Mogu Inc (MOGU) had EBITDA of -$8.8M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is Mogu Inc's gross margin?
Mogu Inc (MOGU) had a gross margin of 28.6% in fiscal year 2026, 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 -57.6% in fiscal year 2026, 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 1.5% in fiscal year 2026, 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 0.4% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Mogu Inc's free cash flow?
Mogu Inc (MOGU) recorded an outflow of $7.5M in free cash flow during fiscal year 2026. This represents a 30.5% 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) recorded an outflow of $6.9M in operating cash flow during fiscal year 2026, representing cash used by core business activities.
What are Mogu Inc's total assets?
Mogu Inc (MOGU) had $119.9M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Mogu Inc's capital expenditures?
Mogu Inc (MOGU) invested $594K in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Mogu Inc spend on research and development?
Mogu Inc (MOGU) invested $4.2M in research and development during fiscal year 2026.
What is Mogu Inc's current ratio?
Mogu Inc (MOGU) had a current ratio of 1.07 as of fiscal year 2026, which is considered adequate.
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 2026, 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 0.2% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Mogu Inc's P/E ratio?
Mogu Inc (MOGU) trades at 59.1x earnings, its market capitalization divided by net income of $266K net income, FY2026. The market capitalization is $15.7M as of Sep 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Mogu Inc's price-to-sales ratio?
Mogu Inc (MOGU) trades at 0.9x sales, its market capitalization divided by revenue of $18.2M revenue, FY2026. The market capitalization is $15.7M as of Sep 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Mogu Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2026, Mogu Inc (MOGU) held $66.7M in cash, cash equivalents and investments, and reported an operating cash outflow of $6.9M over that year. Dividing the one by the other, the reported balance equals about 116 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Mogu Inc's Altman Z-Score?
Mogu Inc (MOGU) has an Altman Z-Score of -15.01, 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 2 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) reported $266K of net income while operations used $6.9M of cash. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. 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 Mogu Inc cover its interest payments?
Mogu Inc (MOGU) reported an operating loss of $10.5M against $2K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 Mogu Inc?
Mogu Inc (MOGU) scores 42 out of 100 on our Financial Health Score, indicating moderate 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.