Mogu (MOGU) Operating Expenses (2017 - 2026)

Mogu (MOGU) posted Operating Expenses of -$4.4 million for Q1 2026, up 22.13% sequentially from -$5.7 million in Q1 2025, and up 22.13% YoY from -$3.6 million in Q1 2025.

Mogu (MOGU) Operating Expenses (2017 - 2026) Analysis & Trends

Mogu has reported Operating Expenses for 10 years, with the latest figure at -$4.4 million in Q1 2026.

  • Quarterly Operating Expenses rose 22.13% year-over-year to -$4.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$10.1 million (up 4.53% YoY) and the FY2026 annual result came in at $13.8 million, down 20.38% from the prior year.
  • Operating Expenses rose to -$4.4 million in Q1 2026 per MOGU's latest filing, from -$5.7 million in the prior quarter.
  • Over five years, Operating Expenses peaked at -$4.4 million in Q1 2026 and troughed at -$11.3 million in Q1 2022.
  • A 5-year average of -$6.5 million and a median of -$5.7 million in 2025 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses sank 69.54% in 2022, then soared 44.01% in 2023.
  • Over 5 years, Operating Expenses stood at -$11.3 million in 2022, then jumped by 44.01% to -$6.4 million in 2023, then climbed by 22.54% to -$4.9 million in 2024, then declined by 15.86% to -$5.7 million in 2025, then gained by 22.13% to -$4.4 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered -$4.4 million, -$5.7 million, and -$4.9 million for Q1 2026, Q1 2025, and Q1 2024 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Amazon Com 2,929.49 Bn 2,806.50 Bn 198.88 Bn 330.81 Bn
2 PDD Holdings 506.82 Bn 447.28 Bn 9.83 Bn -5.87 Bn
3 Mercadolibre 97.09 Bn 81.90 Bn 4.16 Bn 3.48 Bn
4 DoorDash 93.15 Bn 87.80 Bn 2.35 Bn 4.30 Bn
5 JD.com 87.39 Bn 58.21 Bn 7.66 Bn -1.51 Bn
6 Sea 77.82 Bn 69.30 Bn 3.15 Bn -2.55 Bn
7 Ebay 47.70 Bn 44.39 Bn 2.30 Bn 1.63 Bn
8 Coupang 29.66 Bn 23.55 Bn 2.49 Bn 9.41 Bn
9 Zkh 16.25 Bn 16.25 Bn 51.11 Mn -23.28 Mn
10 Mogu 4.59 Bn 4.54 Bn - -4.44 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -4.44 Mn
Mar 31, 2025 -5.70 Mn
Mar 31, 2024 -4.92 Mn
Mar 31, 2023 -6.35 Mn
Mar 31, 2022 -11.34 Mn
Sep 30, 2021 -6.34 Mn
Jun 30, 2021 -6.74 Mn
Mar 31, 2021 -6.69 Mn
Dec 31, 2020 -7.85 Mn
Sep 30, 2020 -7.31 Mn
Jun 30, 2020 -7.18 Mn
Mar 31, 2020 -5.99 Mn
Dec 31, 2019 -206.46 Mn
Sep 30, 2019 -12.32 Mn
Jun 30, 2019 -12.90 Mn
Mar 31, 2019 -15.23 Mn
Dec 31, 2018 -14.62 Mn
Sep 30, 2018 -14.41 Mn
Jun 30, 2018 -15.00 Mn
Mar 31, 2018 -12.45 Mn