MOGU Inc. (MOGU) Income Statement
MOGU FY2026 at a glance
Fiscal year ended March 31, 2026 · Chinese yuanMOGU revenue and net income
Where MOGU's revenue goes
FY2026Each bar shows an amount and its share of revenue. MOGU kept 1.5% of revenue as net income.
MOGU profit margins
MOGU growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −13.9% | −19.4% | −24.1% | — |
| Gross profit | −38.8% | −33.6% | −35.1% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MOGU income statement in Chinese yuan
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥121.5M | CN¥141.2M | CN¥160.3M | CN¥232.1M | CN¥338.0M | CN¥482.4M | CN¥835.3M | CN¥1.07B | CN¥973.2M | CN¥1.11B |
| Cost of revenue | CN¥87.0M | CN¥84.8M | CN¥91.2M | CN¥113.9M | CN¥159.6M | CN¥183.1M | CN¥293.8M | CN¥313.8M | CN¥317.7M | CN¥377.8M |
| Gross profit | CN¥34.6M | CN¥56.5M | CN¥69.2M | CN¥118.2M | CN¥177.9M | CN¥299.3M | CN¥541.6M | CN¥760.5M | CN¥655.5M | CN¥732.1M |
| Research & development | CN¥27.9M | CN¥30.0M | CN¥26.7M | CN¥37.1M | CN¥82.6M | CN¥103.5M | CN¥171.1M | CN¥236.4M | CN¥289.3M | CN¥418.5M |
| Sales, general & admin | CN¥86.9M | CN¥114.6M | CN¥122.5M | CN¥131.2M | CN¥227.6M | CN¥332.8M | CN¥741.3M | CN¥912.1M | CN¥848.0M | CN¥816.1M |
| Total operating expenses | CN¥112.1M | CN¥157.6M | CN¥148.3M | CN¥305.6M | CN¥848.9M | CN¥728.2M | CN¥2.61B | CN¥1.33B | CN¥1.52B | CN¥1.68B |
| Operating income | −CN¥77.6M | −CN¥101.1M | −CN¥79.2M | −CN¥187.4M | −CN¥670.5M | −CN¥428.9M | −CN¥2.07B | −CN¥574.2M | −CN¥847.4M | −CN¥1.07B |
| Interest income | CN¥2.3M | CN¥5.9M | CN¥12.7M | CN¥17.4M | CN¥13.9M | CN¥19.6M | CN¥29.3M | CN¥33.7M | CN¥33.5M | CN¥24.5M |
| Interest expense | CN¥10,658 | CN¥1,000 | CN¥191,000 | CN¥598,000 | CN¥13.9M | CN¥192.6M | CN¥2.98B | CN¥0 | CN¥0 | CN¥0 |
| Income before taxes | CN¥9.1M | −CN¥59.7M | −CN¥68.6M | −CN¥188.4M | −CN¥656.9M | −CN¥322.8M | −CN¥2.11B | −CN¥509.2M | −CN¥641.7M | −CN¥1.05B |
| Income taxes | CN¥5.9M | CN¥839,000 | −CN¥1.6M | −CN¥2.0M | −CN¥14.5M | CN¥5.2M | −CN¥590,000 | −CN¥17.2M | −CN¥88.7M | −CN¥107.7M |
| Net income | CN¥1.8M | −CN¥62.6M | −CN¥59.3M | −CN¥178.0M | −CN¥639.8M | −CN¥328.0M | −CN¥2.22B | −CN¥486.3M | −CN¥558.2M | −CN¥939.1M |
| EBITDA | −CN¥66.1M | −CN¥43.7M | −CN¥51.4M | −CN¥20.8M | −CN¥102.8M | −CN¥84.8M | −CN¥350.1M | −CN¥363.1M | −CN¥420.9M | −CN¥399.0M |
| Gross margin | 28.4% | 40.0% | 43.1% | 50.9% | 52.6% | 62.0% | 64.8% | 70.8% | 67.4% | 66.0% |
| Operating margin | −63.8% | −71.6% | −49.4% | −80.8% | −198.4% | −88.9% | −248.2% | −53.4% | −87.1% | −96.5% |
| Net margin | 1.5% | −44.3% | −37.0% | −76.7% | −189.3% | −68.0% | −266.2% | −45.3% | −57.4% | −84.6% |
| Mar '26 | Dec '25 | Jun '25 | Dec '24 | Sep '24 | Jun '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥28.4M | CN¥28.4M | CN¥34.3M | CN¥39.7M | CN¥30.9M | CN¥30.9M | CN¥38.5M | CN¥83.3M | CN¥41.7M | CN¥58.6M | CN¥16.1M | CN¥57.4M |
| Cost of revenue | CN¥23.1M | CN¥23.1M | CN¥21.7M | CN¥22.6M | CN¥19.8M | CN¥19.8M | CN¥20.8M | CN¥49.6M | CN¥24.8M | CN¥27.1M | CN¥8.4M | CN¥29.8M |
| Gross profit | CN¥5.3M | CN¥5.3M | CN¥12.6M | CN¥17.1M | CN¥11.1M | CN¥11.1M | CN¥17.7M | CN¥33.7M | CN¥16.9M | CN¥31.5M | CN¥7.8M | CN¥27.6M |
| Research & development | CN¥5.8M | CN¥5.8M | CN¥8.6M | CN¥8.8M | CN¥6.2M | CN¥6.2M | CN¥6.4M | CN¥13.9M | CN¥6.9M | CN¥8.1M | CN¥2.9M | CN¥10.5M |
| Sales, general & admin | CN¥12.5M | CN¥12.5M | CN¥12.1M | CN¥30.6M | CN¥13.6M | CN¥13.6M | CN¥13.6M | CN¥65.2M | CN¥32.6M | CN¥32.9M | CN¥9.2M | CN¥32.7M |
| Total operating expenses | CN¥25.4M | CN¥25.4M | CN¥28.6M | CN¥46.9M | CN¥31.9M | CN¥31.9M | CN¥31.3M | CN¥85.8M | CN¥42.9M | CN¥101.2M | CN¥14.5M | CN¥51.6M |
| Operating income | −CN¥20.1M | −CN¥20.1M | −CN¥16.0M | −CN¥29.8M | −CN¥20.7M | −CN¥20.7M | −CN¥13.5M | −CN¥52.1M | −CN¥26.0M | −CN¥69.7M | −CN¥6.8M | −CN¥87.0M |
| Interest expense | CN¥2.6M | CN¥2.6M | — | — | — | — | — | — | — | — | CN¥46,000 | — |
| Income before taxes | −CN¥23.3M | −CN¥23.3M | CN¥28.0M | −CN¥18.6M | −CN¥11.3M | −CN¥11.3M | −CN¥12.2M | −CN¥44.2M | −CN¥22.1M | −CN¥64.2M | −CN¥8.4M | −CN¥85.8M |
| Income taxes | CN¥1.0M | CN¥1.0M | CN¥2.1M | CN¥416,000 | CN¥3,500 | CN¥3,500 | CN¥22,000 | −CN¥1.7M | −CN¥831,000 | −CN¥448,500 | −CN¥153,000 | CN¥543,000 |
| Net income | −CN¥24.3M | −CN¥24.3M | CN¥25.2M | −CN¥19.2M | −CN¥12.1M | −CN¥12.1M | −CN¥11.9M | −CN¥35.4M | −CN¥17.7M | −CN¥60.3M | −CN¥8.1M | −CN¥28.7M |
| EBITDA | −CN¥17.1M | −CN¥17.1M | −CN¥13.3M | −CN¥17.0M | −CN¥17.9M | −CN¥17.9M | −CN¥11.3M | −CN¥43.3M | −CN¥20.2M | CN¥3.6M | CN¥18.6M | −CN¥13.0M |
| Gross margin | 18.6% | 18.6% | 36.8% | 43.1% | 36.0% | 36.0% | 46.0% | 40.5% | 40.5% | 53.7% | 48.1% | 48.1% |
| Operating margin | −70.9% | −70.9% | −46.6% | −75.2% | −67.0% | −67.0% | −35.2% | −62.5% | −62.5% | −118.9% | −41.9% | −151.4% |
| Net margin | −85.7% | −85.7% | 73.5% | −48.4% | −39.0% | −39.0% | −31.0% | −42.5% | −42.5% | −102.8% | −50.0% | −50.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported in MOGU's financial statements (latest annual report filed July 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MOGU financial results
In fiscal year 2026 (ended March 31, 2026), MOGU reported revenue of CN¥121.5 million, down 13.9% from the year before. It had net income of CN¥1.8 million, a net profit margin of 1.5%. Over five years revenue grew at an average rate of −24.1% a year. Figures are in Chinese yuan, the currency of its financial statements.
See the MOGU stock overview for the latest quote and news, or the MOGU chart for price history and technical indicators.
MOGU income statement FAQ
What is MOGU's annual revenue?
MOGU reported total revenue of CN¥121.5 million for fiscal year 2026, which ended on March 31, 2026. That was down 13.9% from CN¥141.2 million the previous year.
Is MOGU profitable?
Yes. MOGU reported net income of CN¥1.8 million in fiscal 2026, a net profit margin of 1.5%; its operating margin was −63.8%.
What is MOGU's gross margin?
MOGU's gross margin was 28.4% in fiscal 2026: for every $100 of revenue, MOGU kept $28 after the direct cost of its products and services.
How much does MOGU spend on research and development?
MOGU spent CN¥27.9 million on research and development in fiscal 2026, 22.9% of revenue.
How fast is MOGU growing?
Revenue grew −24.1% a year on average over the last five fiscal years, from CN¥482.4 million to CN¥121.5 million.
When does MOGU's fiscal year end?
MOGU's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on July 24, 2026.