Borqs Technologies, Inc. (BRQSF) filings document its foreign private issuer reporting, interim financial statements, governance actions, and balance-sheet changes following the completed sale of its core IoT businesses. The company furnishes current reports on Form 6-K and indicates annual reporting under Form 20-F.
Recent filings include unaudited consolidated balance sheets and income statements covering cash, deposits, receivables, payables, contract liabilities, lease obligations, shareholders’ equity, and assets and liabilities previously classified as held for sale. Governance disclosures also include amendments to the Memorandum and Articles of Association governing member meetings and annual general meeting discretion.
Borqs Technologies, Inc. files its annual report for the year ended December 31, 2025, highlighting a major restructuring and significant risks. The company sold its core IoT software and hardware services business to Sasken for $40 million, with working capital adjustments and 2025 performance-based earnouts, and has reclassified that business as discontinued operations.
From continuing operations, net revenues were $20.6 million in 2023, $27.7 million in 2024 and $13.6 million in 2025, with operating losses in each year. Net (loss) income was a loss of $26.9 million in 2023, income of $17.3 million in 2024 and a loss of $4.8 million in 2025. As of December 31, 2025, total assets were $8.6 million, total liabilities $1.6 million and shareholders’ equity $6.9 million, with 45,470,079 ordinary shares outstanding.
The report discloses that auditors included an emphasis of matter about substantial doubt regarding the company’s ability to continue as a going concern due to a history of operating losses, cash outflows and a weakened current position. Management also acknowledges a material weakness in internal control over financial reporting tied to limited U.S. GAAP and SEC reporting expertise. In addition, Borqs outlines extensive regulatory, geopolitical and China-related risks, including PRC legal uncertainties, data and foreign investment rules, HFCA Act implications and restrictions on cash movements and dividends from PRC subsidiaries.
Borqs Technologies, Inc. director Li Ji (Richard) has filed an initial Form 3 showing his current stake in the company. The filing reports direct ownership of 386,615 Ordinary Shares, establishing his baseline beneficial holdings as a company insider.
Borqs Technologies, Inc. director Chow Wan Yu filed an initial Form 3 reporting beneficial ownership of the company’s ordinary shares. The filing shows direct ownership of 386,615 Ordinary Shares following the reported holdings entry, with no buy or sell transactions indicated in this statement.
Borqs Technologies, Inc. director and executive officer Chan Pat Sek Yuen filed an initial Form 3 reporting his beneficial ownership in the company. He is Chairman, CEO and CFO, and is also a more than ten percent owner. The filing shows direct ownership of 10,578,667 ordinary shares following the reported holdings entry.
Borqs Technologies, Inc. director Tsao Fang-Wei filed an initial Form 3 reporting beneficial ownership of the company’s ordinary shares. The filing shows direct ownership of 266,667 ordinary shares following the reported holdings as of March 4, 2026. The filing does not detail any specific purchase or sale transaction, serving instead as a baseline disclosure of this director’s equity position.
Borqs Technologies, Inc. insider CHAN ANTHONY K, identified as Executive Director of Finance and a ten percent owner, filed an initial statement of beneficial ownership. The filing reports direct ownership of 8,993,282 Ordinary Shares of Borqs Technologies, with no specific buy or sell transaction disclosed.
Borqs Technologies, Inc. reports unaudited results for the six months ended June 30, 2025. Total net revenues were US$16,813 thousand, roughly flat versus US$16,773 thousand a year earlier, as software revenues fell while hardware revenues increased. Gross profit declined to US$758 thousand from US$3,388 thousand, and the operating loss widened to US$12,309 thousand from US$3,694 thousand, reflecting higher general and administrative expenses.
Below the operating line, Borqs recorded a gain on disposal of a subsidiary of US$17,620 thousand, compared with US$14,372 thousand in the prior period, which helped produce net income from continuing operations of US$6,220 thousand, down from US$15,023 thousand. On the balance sheet, total assets were US$23,901 thousand and total liabilities were US$19,269 thousand as of June 30, 2025. Shareholders’ equity improved from a deficit of US$(3,598) thousand at December 31, 2024 to positive equity of US$4,632 thousand, supported by lower liabilities and disposal-related effects.
Borqs Technologies (BRQSF) amended its governing documents. On September 30, 2025, the board approved replacing Article 8.1 to permit any director to convene meetings of members and to make holding an annual general meeting at the board’s discretion. The amended Memorandum and Articles of Association, dated October 6, 2025, are filed as Exhibit 3.1.