← Public Policy Holding Company, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.2m |
$1.3m
-60.89%
|
$585k
-53.33%
|
$146.1m
+24881.44%
|
$162.9m
+11.52%
|
$295.9m
+81.66%
|
$115.1m
-61.10%
|
$135.0m
+17.31%
|
$149.6m
+10.75%
|
$186.5m
+24.72%
|
$197.4m
+5.80%
|
|
| Total recurring revenues | $220.1m | $288.4m | $363.5m | $456.8m | — | — | — | — | — | — | — | |
| Cost of services | $1.2m |
$751k
-39.68%
|
$311k
-58.51%
|
$215k
-31.01%
|
$39k
-81.94%
|
$27k
-30.31%
|
$17k
-38.46%
|
$367.0m
+2205265.62%
|
$132.3m
-63.96%
|
$167.9m
+26.91%
|
— | |
| Cost of sales | $1.2m |
$570k
-54.24%
|
$518k
-9.13%
|
($32.3m)
-6348.32%
|
($44.3m)
-36.91%
|
($126.0m)
-184.61%
|
($97.8m)
+22.39%
|
($56.3m)
+42.39%
|
($42.1m)
+25.29%
|
$167.9m
+498.84%
|
$173.5m
+3.35%
|
|
| Cost of Revenue | $1.2m |
$570k
-54.24%
|
$518k
-9.13%
|
$243k
-52.99%
|
$208k
-14.51%
|
$163k
-21.67%
|
$162k
-0.69%
|
— | — | — | $173.5m | |
| Gross Profit | $2.0m |
$502k
-74.37%
|
$273k
-45.57%
|
$145.8m
+53290.02%
|
$162.8m
+11.66%
|
$295.9m
+81.69%
|
$115.1m
-61.10%
|
($232.0m)
-301.56%
|
$17.3m
+107.45%
|
$18.6m
+7.96%
|
$23.8m
+27.83%
|
|
| Research and development | $26.7m | $29.1m | $37.6m | $50.3m | $62.8m | $76.7m | $102.9m | $164.0m | $178.3m | $205.9m | — | |
| Fulfillment expenses | — | — | — | ($184.8m) | ($115.9m) | ($120.2m) | ($134.0m) | ($126.3m) | ($59.5m) | ($35.6m) | — | |
| Sales and marketing expenses | — | $77.5m | $95.5m | ($157.5m) | ($128.4m) | ($160.2m) | ($171.0m) | ($124.0m) | ($85.1m) | ($74.5m) | — | |
| Selling, General and Administrative Expense | $121k | $69k | $3k | $13k | — | — | — | — | — | — | $33.5m | |
| Salaries, general and administrative | $2.0m | $373k | $480k | ($67.0m) | ($54.3m) | ($114.0m) | ($76.2m) | $7.8m | $26.8m | $31.8m | — | |
| Other operating expenses | — | — | — | ($42k) | ($18k) | ($2.9m) | ($1.7m) | ($818k) | ($3.5m) | — | — | |
| Total operating expenses | — | — | — | — | — | — | — | — | $167.7m | $220.5m | $213.0m | |
| Total operating costs and expenses | $3.4m | $1.4m | $1.6m | $1.3m | $450k | $441k | $537k | $7.8m | $10.0m | $14.7m | — | |
| Loss from operations | ($1.4m) |
($931k)
+35.50%
|
($1.3m)
-39.29%
|
($201.1m)
-15411.65%
|
($137.4m)
+31.69%
|
($206.0m)
-49.94%
|
($138.2m)
+32.89%
|
$17.9m
+112.97%
|
($18.2m)
-201.22%
|
($33.9m)
-86.82%
|
— | |
| Operating loss | — | — | — | — | ($3.1m) |
($50.5m)
-1529.11%
|
($884.6m)
-1652.22%
|
($58.8m)
+93.36%
|
($62.0m)
-5.50%
|
— | ($15.6m) | |
| Interest expense | ($36k) | ($85k) | ($456k) | ($18.7m) | ($59.3m) | ($27.6m) | ($20.9m) | ($13.3m) | ($1.9m) | ($3.4m) | $3.6m | |
| Interest income | — | — | — | $114k | $400k | $17.6m | $15.5m | $7.4m | $177k | $81k | $59k | |
| Interest income on funds held for clients | $2.7m | $3.6m | $9.1m | $19.9m | $15.1m | $3.9m | $5.0m | $76.6m | $120.8m | $123.4m | $59k | |
| Gain/Loss on Dispositions | — | $4k | — | — | — | — | — | — | — | — | — | |
| Other income, net | — | — | — | $3.8m | $4.4m | $8.7m | $7.7m | ($1.4m) | $0 | $589k | ($17.6m) | |
| Non-Operating Income (Expense) | $1.4m | — | — | $2k | $11k | — | — | — | — | — | — | |
| Net loss before income taxes | $3.7m | $7.4m | $16.8m | ($231.8m) | ($175.9m) | ($193.4m) | ($134.8m) | $19.3m | ($17.4m) | ($34.6m) | — | |
| Income tax expense | $177k | $651k | ($21.8m) | ($9.1m) | ($3.6m) | ($1.0m) | ($6.5m) | $5.4m | ($6.5m) | ($4.4m) | $3.0m | |
| Current income tax (recovery) expense | — | — | — | — | — | — | — | $5.0m | $2.1m | ($27k) | — | |
| Deferred income tax (recovery) expense | — | — | — | — | — | — | — | $381k | $801k | ($1.5m) | — | |
| Loss before income tax expenses | ($1.9m) | — | — | — | — | — | ($134.8m) | ($106.8m) | ($69.9m) | ($59.4m) | — | |
| Income tax expense - discontinued operations | — | — | — | — | — | ($821k) | — | — | — | — | $3.0m | |
| Net loss | ($1.5m) | ($2.2m) | ($1.8m) | ($231.5m) | ($175.9m) | ($193.2m) | ($132.8m) | $13.9m | ($24.0m) | ($39.0m) | — | |
| Net loss per share attributable to common stockholders, Basic (usd per share) | ($1) | ($0) | ($0) | ($28) | ($17) | ($1) | ($2) | $0 | ($2) | ($2) | — | |
| Net loss per share attributable to common stockholders, Diluted (in usd per share) | ($0) | $0 | $1 | ($28) | ($17) | ($1) | ($2) | ($2) | ($2) | ($2) | — | |
| Less: Net loss attributable to the non-controlling interest shareholders | — | — | — | $2.7m | $3.1m | $1.2m | ($4.4m) | ($3.2m) | ($5.2m) | ($4.5m) | — | |
| Net loss attributable to Boqii Holding Limited’s ordinary shareholders | — | — | — | ($627.5m) | ($385.0m) | ($86.3m) | ($129.0m) | ($103.5m) | ($64.4m) | ($55.0m) | — | |
| Net loss attributable to Boqii Holding Limited's ordinary shareholders | — | — | — | ($627.5m) | ($385.0m) | ($86.3m) | ($129.0m) | ($103.5m) | ($64.4m) | ($55.0m) | — | |
| Net Loss Per Common Share - Basic and Diluted | ($0) | ($0) | ($0) | ($0) | $0 | $0 | $0 | $0 | ($2) | ($2) | — | |
| Basic (in shares) | $1.6m | $17.3m | $62.5m | $6 | ($1) | ($4) | ($60) | $40.0m | $13.4m | $17.5m | $19.1m | |
| Diluted (in shares) | $50.9m | $54.1m | $54.9m | $6 | ($1) | ($4) | ($60) | $40.0m | $13.4m | $17.5m | $19.1m | |
| Accretion on convertible redeemable preferred shares to redemption value | — | — | — | ($392.6m) | ($204.8m) | $120.9m | — | — | — | — | — | |
| Weighted Average Shares Outstanding, Diluted | 79.2m | 17.3m | 62.5m | — | — | — | — | — | — | — | — | |
| Salaries and other personnel costs | — | — | — | — | — | — | — | — | $126.6m | $160.8m | — | |
| Office and other direct costs | — | — | — | — | — | — | — | — | $5.7m | $7.1m | — | |
| Mergers and acquisitions expense | — | — | — | — | — | — | — | — | $2.4m | $837k | — | |
| Depreciation and amortization expense | $19k | — | — | — | — | — | — | — | $4.2m | $5.7m | $6.0m | |
| Loss on impairment of intangible assets | — | — | — | — | — | — | — | — | $0 | $2.9m | — | |
| Loss on impairment of goodwill | — | — | — | — | — | — | — | ($40.7m) | $0 | $6.2m | — | |
| Change in fair value of contingent consideration | — | — | — | — | — | — | — | — | $1.9m | $5.1m | — | |
| Gain on bargain purchase | — | — | — | — | — | — | — | — | $2.5m | $2.0m | — | |
| Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent | — | — | — | — | — | — | — | — | ($536k) | $1.7m | — | |
| Costs of service | $219k | $124.0m | $149.2m | ($599.5m) | ($611.5m) | ($823.7m) | ($943.7m) | $109.3m | $148.9m | $193.4m | — | |
| Gross (loss) profit | $2.0m | $502k | $273k | $113.7m | $118.6m | $169.9m | $17.3m | $25.7m | $18.1m | ($3.0m) | — | |
| Loss on debt extinguishment | — | ($13k) | — | — | — | — | — | — | — | $1.2m | — | |
| Loss on disposal of assets | — | — | — | — | — | — | — | — | — | $44k | — | |
| Finance costs | — | — | — | ($3.2m) | ($10.1m) | ($7.7m) | ($4.8m) | $60k | $48k | $714k | — | |
| Other (expense) income | $37k | — | — | — | — | $8.7m | $7.7m | $3.6m | ($1.5m) | — | — | |
| Selling and distribution expenses | — | — | — | ($18.3m) | ($25.8m) | ($73.3m) | ($32.0m) | ($40.7m) | ($31.3m) | — | — | |
| Administrative expenses | — | — | — | ($27.3m) | ($65.0m) | ($132.2m) | ($69.0m) | ($46.1m) | ($31.8m) | — | — | |
| Impairment losses on financial assets | — | — | — | — | — | ($20.7m) | ($99.6m) | ($4.9m) | ($4.6m) | — | — | |
| Impairment losses on investments in associates and joint ventures | — | — | — | — | — | — | — | ($20.5m) | ($2.4m) | — | — | |
| Change in fair value of equity investment at fair value through profit or loss | — | — | — | — | — | — | ($1.0m) | — | — | — | — | |
| Finance income | — | — | — | $258k | $1.6m | $79k | $34k | $9k | $2.4m | — | — | |
| Loss before tax | — | — | — | $65.9m | ($11.6m) | ($58.6m) | ($890.4m) | ($65.8m) | ($67.1m) | — | — | |
| Loss for the year and total comprehensive loss for the year | — | — | — | $56.8m | ($15.2m) | ($59.6m) | ($896.9m) | ($65.8m) | ($67.1m) | — | — | |
| Equity holders of the parent | — | — | — | $56.1m | ($16.4m) | ($59.6m) | ($894.2m) | ($65.3m) | ($64.9m) | — | — | |
| Non-controlling interests | — | — | — | $656k | $1.2m | ($47k) | ($2.7m) | ($514k) | ($2.1m) | — | — | |
| Share of loss of a joint venture | — | — | — | $0 | ($9k) | ($491k) | — | — | — | — | — | |
| Impairment losses on financial assets, net | — | — | — | ($3.1m) | ($35.2m) | ($20.7m) | ($99.6m) | $4.9m | $4.6m | — | — | |
| Other losses | — | — | — | — | — | — | ($707.2m) | — | — | — | — | |
| Operating (loss)/profit | — | — | — | $68.8m | ($3.1m) | ($50.5m) | — | — | — | — | — | |
| Fair value change of derivative liabilities | — | — | — | ($2.3m) | $13.3m | $11.4m | $2.8m | ($2.3m) | ($1.0m) | $5.7m | — | |
| Share of results of equity investees | — | — | — | $91k | ($520k) | ($696k) | $418k | ($82k) | $50k | ($22k) | — | |
| Accretion on redeemable non-controlling interests to redemption value | — | — | — | — | — | ($138k) | ($575k) | ($675k) | ($766k) | ($841k) | — | |
| Foreign currency translation adjustment, net of Nil tax | — | — | — | $3.8m | $2.0m | ($32.1m) | ($16.5m) | $15.6m | $1.3m | $840k | — | |
| Unrealized securities holding losses/(gains) | — | — | ($139k) | $251k | $563k | — | ($9.4m) | ($6.7m) | ($3.5m) | $869k | — | |
| Less: Total comprehensive loss attributable to non- controlling interests shareholders | — | — | — | $2.7m | $3.1m | $1.2m | ($4.4m) | ($3.2m) | ($5.2m) | ($4.5m) | — | |
| Deemed dividend to preferred shareholders | — | — | — | ($723k) | ($1.1m) | ($12.5m) | — | — | — | — | — | |
| Unrealized securities holding gains/(losses) | — | — | — | $1.7m | $3.2m | $772k | ($9.4m) | ($6.7m) | — | — | — | |
| Less: Accretion on redeemable non-controlling interests to redemption value | — | — | — | — | — | ($21k) | — | — | — | — | — | |
| Professional Fees | $110k | $332k | $531k | $436k | $69k | $53k | $86k | — | — | — | — | |
| Loan forgiveness | — | — | — | — | — | $30k | $36k | — | — | — | — | |
| Net (loss) income from continuing operations | — | — | — | — | ($253k) | $696k | ($279k) | — | — | — | — | |
| Extraordinary Items | — | — | — | — | ($1.6m) | $3.1m | — | — | — | — | — | |
| Income from discontinued operations | — | — | — | — | ($1.6m) | $2.3m | — | — | — | — | — | |
| Net (loss) income | — | — | ($1.8m) | ($1.8m) | ($1.9m) | $3.0m | ($279k) | — | — | — | — | |
| Occupancy and Rent Expense | $149k | $89k | $39k | $41k | $19k | — | — | — | — | — | — | |
| Deemed dividend from warrant adjustments | — | — | — | ($504k) | — | — | — | — | — | — | — | |
| Dividend expense - preferred stock | ($12k) | ($34k) | ($23k) | — | — | — | — | — | — | — | — | |
| Preferred Dividends | — | — | — | ($504k) | — | — | — | — | — | — | — | |
| Loss on settlement of accrued officer salaries | — | ($1.2m) | — | — | — | — | — | — | — | — | — | |
| Royalty and franchise income | $166k | — | — | — | — | — | — | — | — | — | — | |
| Other comprehensive income (loss), net of tax | — | — | ($139k) | $251k | $563k | ($609k) | ($2.4m) | ($2.2m) | $3.6m | $6.5m | — | |
| Total comprehensive loss | ($3.9m) | $6.7m | $38.5m | ($226.0m) | ($170.7m) | ($224.6m) | ($158.7m) | $13.9m | ($24.5m) | ($37.3m) | — | |
| Total other (income) expenses | ($48k) | ($1.3m) | ($479k) | ($565k) | ($54k) | ($34k) | $9k | ($1.3m) | ($2.3m) | ($764k) | — | |
| Total comprehensive(loss)/income for the year | — | — | — | $56.8m | ($15.2m) | ($59.6m) | ($896.9m) | ($65.8m) | ($67.1m) | — | — |