Boqii Holding vs Naas Technology
Boqii Holding is the larger business, with $59.2m of revenue in fiscal 2026 against $17.4m for Naas Technology (3.4 times as much). Boqii Holding grew faster (-8.9% against -37.7%). Boqii Holding kept more of each dollar of sales as profit: a net margin of -1.2% against -350.8%.
| Latest fiscal year | Boqii HoldingBQ, 2026 | Naas TechnologyNAAS, 2025 |
|---|---|---|
| Revenue | $59.2m | $17.4m |
| Revenue growth | -8.9% | -37.7% |
| Net income | −$715,229 | −$61.1m |
| Operating margin | -7.1% | -212.4% |
| Net margin | -1.2% | -350.8% |
| Return on equity | -2.7% | — |
| Free cash flow | −$4.3m | $74,026 |
| Cash | $7.2m | $11.6m |
| Total debt | $4.6m | $83.3m |
| Debt to equity | 17.0% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $1.8m | $7.4m |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |