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.
Analysis
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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,746.20 Bn | 2,623.21 Bn | 198.88 Bn | 330.81 Bn |
| 2 | PDD Holdings | 116.28 Bn | -48,010.13 Bn | 9.45 Bn | -5.39 Bn |
| 3 | DoorDash | 98.95 Bn | 93.61 Bn | 2.35 Bn | 4.30 Bn |
| 4 | Mercadolibre | 98.90 Bn | 83.71 Bn | 4.16 Bn | 3.48 Bn |
| 5 | Sea | 67.51 Bn | 59.11 Bn | 3.55 Bn | -2.90 Bn |
| 6 | Ebay | 46.90 Bn | 43.59 Bn | 2.30 Bn | 1.63 Bn |
| 7 | JD.com | 39.64 Bn | 7.09 Bn | 16.50 Bn | -3.06 Bn |
| 8 | Coupang | 28.35 Bn | 22.24 Bn | 2.49 Bn | 9.41 Bn |
| 9 | Wayfair | 12.44 Bn | 11.30 Bn | 1.05 Bn | 950.00 Mn |
| 10 | Mogu | 4.05 Bn | 4.00 Bn | - | -4.44 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 | -7.16 Mn |
| Mar 31, 2020 | -5.99 Mn |
| Dec 31, 2019 | -10.36 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 |