Boqii Holding (BQ) Gross Margin (2019 - 2023)

Boqii Holding has disclosed Gross Margin across 5 years of filings, most recently posting 21.8% for Q1 2023.

• In Q1 2023, Gross Margin fell 63.0% year-over-year to 21.8%; the TTM figure through Mar 2023 stood at 21.77% (up 71.0% YoY), while the FY2025 annual figure was 21.47%, up 163.0% from the prior year.
• Gross Margin grew to 21.8% in Q1 2023, from 19.4% in the prior quarter.
• Over the last five years, Gross Margin for BQ reached as high as 23.13% in Q4 2021 and fell as low as 17.52% in Q2 2021.
• The 5-year median for Gross Margin is 19.67% (2020), against an average of 20.05%.
• Annual changes were most pronounced in 2020 — Gross Margin slumped 304 bps — and 2021, when it surged 519 bps.
• A 5-year view of Gross Margin shows it stood at 18.57% in 2019, then fell by 3 bps to 17.94% in 2020, then advanced by 29 bps to 23.13% in 2021, then decreased by 16 bps to 19.4% in 2022, then rose by 12 bps to 21.8% in 2023.
• According to Business Quant data, Gross Margin over the past three periods registered 21.8%, 19.4%, and 22.42% for Q1 2023, Q3 2022, and Q2 2022 respectively.