Welcome to our dedicated page for Boqii Holding SEC filings (Ticker: BQ), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Boqii Holding Limited files foreign-issuer reports that document governance, shareholder voting matters, operating updates and capital-structure events for its China pet-products platform. The company’s Form 6-K reports include annual general meeting notices and proxy materials, officer changes, financial-results releases, material agreements, and NYSE American market-action statements.
Its filings also record securities transactions and security-structure changes, including a registered direct offering of Class A ordinary shares and pre-funded warrants, the termination of the ADS facility, substitution listing of Class A ordinary shares, reverse stock split, and amendments to its Cayman Islands constitutional documents. Other disclosures address VIE-related arrangements involving Shanghai Guangcheng and Nanjing Xingmu, incorporation by reference into Form F-3 registration statements, and related foreign-private-issuer reporting matters.
Boqii Holding Ltd Co-CEO and CFO Tang Yingzhi reports her beneficial ownership structure, including both direct and indirect interests in multiple share classes. The amendment shows 500,000 Class C ordinary shares held indirectly through Green Mountain Management Limited, which she and her spouse each own 50% of.
The Class C ordinary shares carry one hundred votes per share, are nonconvertible, receive no dividends, and are nontransferable. Tang is also attributed 27,159 Class B ordinary shares through a 33.33% interest in MTL, with each Class B share carrying twenty votes and being convertible into one Class A share. In addition, she holds 375 Class A ordinary shares directly and stock options over 309 Class A ordinary shares at various exercise prices and expiration dates.
Boqii Holding Ltd director and Chief Executive Officer Hao Liang filed an initial ownership report showing his equity interests. He beneficially holds 500,000 Class C ordinary shares through Green Mountain Management Limited, 51,964 Class B ordinary shares through MTL, and 3,500 Class A ordinary shares directly, plus stock options over 196 Class A shares at various exercise prices and expirations.
Boqii Holding Limited filed an amended report to correct its earlier earnings release for a July 2025 share consolidation and confirmed unaudited results for the first half of fiscal 2026, the six months ended September 30, 2025.
Revenue declined to RMB207.9 million from RMB249.7 million as the company prioritized profitability over volume. Despite lower sales, gross profit rose to RMB53.8 million and gross margin improved to 25.9%, up from 20.7%. Private-label strength was a key driver, with SKUs growing from 3,546 to 4,427 and private-label gross margin increasing to 44.5% from 33.2%.
Operating expenses fell to RMB71.2 million, narrowing loss from operations to RMB16.9 million. Net loss shrank sharply to RMB7.4 million from RMB29.6 million, and EBITDA loss improved to RMB5.6 million from RMB25.0 million. Cash and short-term investments were RMB30.5 million as of September 30, 2025. The company exited Nanjing Xingmu, recognized a disposal consideration receivable of RMB41.9 million, and expects RMB12.5 million of additional cash from an equity repurchase agreement by February 28, 2026.
Boqii Holding Limited files an amended annual report to restate its financial statements for fiscal 2024 and 2025, mainly to reflect a 160‑for‑1 share consolidation tied to termination of its ADR program and a new par value of US$0.16 per Class A share.
Boqii is a Cayman holding company operating in China through PRC subsidiaries and VIEs because foreign ownership is restricted in value‑added telecom and related services. In fiscal 2025, VIEs generated 55.3% of net revenues and held 49.1% of consolidated assets, underscoring investor exposure to VIE enforceability and PRC policy risk.
Net revenues declined from RMB1,092.1 million in 2023 to RMB709.4 million in 2024 and RMB468.9 million (about US$64.6 million) in 2025, while net losses narrowed from RMB106.0 million to RMB68.9 million and RMB58.6 million. The company reports positive working capital but warns of ongoing losses, significant cash needs, and dependence on PRC regulatory approvals, data and cybersecurity compliance, and CSRC filing rules for any future offshore offerings.
Boqii Holding Ltd director and Co-CEO/CFO Tang Yingzhi has filed an initial Form 3 reporting her equity interests in the company. She indirectly beneficially holds 500,000 Class C ordinary shares through Green Mountain Management Limited, a British Virgin Islands company jointly owned 50/50 with her spouse.
The filing also reports beneficial ownership of 27,159 Class B ordinary shares through a 33.33% equity interest in MTL, which directly owns 81,486 Class B shares. In addition, she directly holds stock options over 94, 9 and 206 Class A ordinary shares at exercise prices of 329.4000, 660.8000 and 16.0000, expiring in 2026, 2030 and 2033 respectively.
Boqii Holding Limited reported that Senior Vice President Chao Guo resigned from his position on February 11, 2026, effective immediately. The company states that his resignation is for personal reasons and that it does not result from any disagreement with the company.
The company also notes that this update is being incorporated by reference into its existing shelf registration statement on Form F-3, allowing this leadership change disclosure to be formally included in its broader offering documents.
Boqii Holding Ltd's significant shareholder Hexstone Capital LLC and its managing member Brendan O'Neil have filed an exit Schedule 13G/A. The filing reports that each now beneficially owns 0 Class A ordinary shares and represents 0.00% of the class as of the update.
The amendment states that both parties have ceased to be beneficial owners of more than five percent of Boqii’s Class A ordinary shares, formally updating prior ownership disclosures and confirming no current voting or dispositive power over the shares.
Boqii Holding Limited reports that its variable interest entity Shanghai Guangcheng has agreed to sell its 14.5% equity interest in Nanjing Xingmu Biotechnology Co., Ltd. to Nanjing Xingmu’s two founders for an aggregate cash consideration of RMB 12.5 million, payable in installments under an equity interest repurchase agreement. Each founder will acquire 7.25% of Nanjing Xingmu from Shanghai Guangcheng. The agreement includes customary representations, warranties, covenants and provisions for indemnification or damages.
In connection with this repurchase, and subject to the conditions in the agreement, the parties expect to terminate the existing VIE contractual arrangements under which Xingmu WFOE has been treated as the primary beneficiary of Nanjing Xingmu and has consolidated its results into Boqii’s financial statements under U.S. GAAP. The company notes that statements about the repurchase, the expected VIE termination and related effects are forward-looking and subject to risks and uncertainties.