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Mogu Inc. (MOGU) stock

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NYSE: MOGU NYSE Broadline Retail

D Fundamentals grade

Mogu Inc. is a US-listed company in the broadline retail industry. Its financial year ends in March.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$3.2

Revenue-to-maturity cash-flow model

Base case. Range ~$3.2–$3.1 across our lower- and higher-growth cases (0%–5% a year).

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

Mogu Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 0 selling4 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds1 adding, 2 cuttingOf 1 active managers that changed their stake, 0 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Mogu files

Where Mogu stands after its latest Filing

Revenue for the twelve months was $18m, down 9.7% on a year earlier, a smaller fall than the 12.5% decline a quarter earlier. That puts it 19 of 23 for growth among the broadline retail companies we cover. Free-cash-flow margin rose to -41.1% from -50.2% a year earlier. Operating margin widened to -57.6% from -198.7%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 3 financial-health checks. Our revenue-to-maturity cash-flow model value is $3.23 a share, against a share price of $1.89.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Mogu Inc.'s trailing-twelve-month revenue fell 9.7% year on year, with a free-cash-flow margin of -41.1%. Where it stands out: stock pay as % of revenue of 0.0% ranks 1 of 22 broadline retail companies we cover. Where it lags: free-cash-flow margin of -41.1% ranks 22 of 23 broadline retail companies we cover.

Current signal Gross margin compressing: TTM gross margin fell to 28.6%, down 11.4pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 14.0 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Revenue shrinking. Revenue fell 9.7% over the last 12 months.
  • Loss-making. Operating margin is -57.6%: costs exceed revenue.
  • Burning cash. Free cash flow was -41.1% of revenue over the last 12 months.
  • Gross margin slipping. Gross margin is down 11.4 points on a year ago.
  • Weak cash conversion. Free cash flow was -2798% of net income over the last 12 months.

Latest results

Mogu's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+4.2%
  • 1 week+4.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$17.7M
Operating margin
-57.6%
Net margin
1.5%
EPS (TTM, diluted)
$0.03

Growth

Revenue growth
−9.7%
Change in growth rate
+2.8 pts
Share count change
+0.3%

Cash

Free cash flow (TTM)
-$7.3M
FCF margin
-41.1%
Stock pay % of revenue
0.0%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for MOGU from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Mogu Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value Mogu Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.6%: the 10-year Treasury yield (4.9%) plus a beta of 1.04 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$3.2 ~$3.1–$3.2 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$0.4 ~$0.3–$0.6 Left out: out of range vs price (0.18x)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.4 ~$0.4–$3.7 Included, half weight
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$2.7 ~$0.4–$3.2 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Mogu Inc. with Broadline Retail in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Mogu Inc.: too few analysts cover it.

Positioning

Short interest
0.3%
of tradable shares
Days to cover
0.41
at average volume
Short interest, 1 month
+167%
to October 15, 2026
Held by institutions
21%
of shares
Held by insiders
16.2%
of shares
Employees
274
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Mogu Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Mogu Inc.
$0 $50M $100M $150M $200M FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY26 Q4 Revenue (TTM), FY17 Q4: $165.1M Revenue (TTM), FY18 Q4: $147M Revenue (TTM), FY19 Q4: $160.4M Revenue (TTM), FY20 Q4: $120M Revenue (TTM), FY21 Q4: $71.2M Revenue (TTM), FY22 Q4: $52.6M Revenue (TTM), FY23 Q4: $33.9M Revenue (TTM), FY24 Q4: $22.4M Revenue (TTM), FY25 Q4: $19.6M Revenue (TTM), FY26 Q4: $17.7M $17.7M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY17 Q4 $165.1M
FY18 Q4 $147M
FY19 Q4 $160.4M
FY20 Q4 $120M
FY21 Q4 $71.2M
FY22 Q4 $52.6M
FY23 Q4 $33.9M
FY24 Q4 $22.4M
FY25 Q4 $19.6M
FY26 Q4 $17.7M
Revenue growth, TTM YoY Mogu Inc.
-60% -40% -20% 0% 20% FY18 Q4 FY20 Q4 FY22 Q4 FY24 Q4 FY26 Q4 Revenue growth, TTM YoY, FY18 Q4: -11.0% Revenue growth, TTM YoY, FY19 Q4: 9.1% Revenue growth, TTM YoY, FY20 Q4: -25.2% Revenue growth, TTM YoY, FY21 Q4: -40.7% Revenue growth, TTM YoY, FY22 Q4: -26.2% Revenue growth, TTM YoY, FY23 Q4: -35.5% Revenue growth, TTM YoY, FY24 Q4: -34.0% Revenue growth, TTM YoY, FY25 Q4: -12.5% Revenue growth, TTM YoY, FY26 Q4: -9.7% -9.7%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY18 Q4 -11.0%
FY19 Q4 9.1%
FY20 Q4 -25.2%
FY21 Q4 -40.7%
FY22 Q4 -26.2%
FY23 Q4 -35.5%
FY24 Q4 -34.0%
FY25 Q4 -12.5%
FY26 Q4 -9.7%
Operating margin (TTM) Mogu Inc.
-300% -200% -100% 0% FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY26 Q4 Operating margin (TTM), FY17 Q4: -96.5% Operating margin (TTM), FY18 Q4: -87.1% Operating margin (TTM), FY19 Q4: -53.4% Operating margin (TTM), FY20 Q4: -248.2% Operating margin (TTM), FY21 Q4: -88.9% Operating margin (TTM), FY22 Q4: -198.7% Operating margin (TTM), FY23 Q4: -80.8% Operating margin (TTM), FY24 Q4: -49.4% Operating margin (TTM), FY25 Q4: -71.6% Operating margin (TTM), FY26 Q4: -57.6% -57.6%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY17 Q4 -96.5%
FY18 Q4 -87.1%
FY19 Q4 -53.4%
FY20 Q4 -248.2%
FY21 Q4 -88.9%
FY22 Q4 -198.7%
FY23 Q4 -80.8%
FY24 Q4 -49.4%
FY25 Q4 -71.6%
FY26 Q4 -57.6%
FCF margin (TTM) Mogu Inc.
-100% -50% 0% FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY26 Q4 FCF margin (TTM), FY17 Q4: -77.1% FCF margin (TTM), FY18 Q4: -32.9% FCF margin (TTM), FY19 Q4: -31.1% FCF margin (TTM), FY20 Q4: -38.6% FCF margin (TTM), FY21 Q4: -47.8% FCF margin (TTM), FY22 Q4: -50.2% FCF margin (TTM), FY23 Q4: -12.5% FCF margin (TTM), FY24 Q4: -84.0% FCF margin (TTM), FY25 Q4: -55.2% FCF margin (TTM), FY26 Q4: -41.1% -41.1%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY17 Q4 -77.1%
FY18 Q4 -32.9%
FY19 Q4 -31.1%
FY20 Q4 -38.6%
FY21 Q4 -47.8%
FY22 Q4 -50.2%
FY23 Q4 -12.5%
FY24 Q4 -84.0%
FY25 Q4 -55.2%
FY26 Q4 -41.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2017 Mar 2017 2018 Mar 2018 2019 Mar 2019 2020 Mar 2020 2021 Mar 2021 2022 Mar 2022 2023 Mar 2023 2024 Mar 2024 2025 Mar 2025 2026 Mar 2026
Income
Revenue 165 147 160 120 71 53 34 22 20 18
Gross profit 109 99 114 78 44 28 17 10 8 5
EBITDA −80 −61 −55 −249 −11 −53 −18 −10 −12 −9
Operating income −159 −128 −86 −298 −63 −104 −27 −11 −14 −10
Net income −140 −84 −73 −319 −48 −100 −26 −8 −9 0
Diluted EPS — — — −$35.34 −$5.31 −$11.69 −$3.07 — — —
Growth (year on year)
Revenue — −11.0% +9.1% −25.2% −40.7% −26.2% −35.5% −34.0% −12.5% −9.7%
Margins
Gross margin 66.0% 67.4% 70.8% 64.8% 62.0% 52.7% 50.9% 43.1% 40.0% 28.6%
EBITDA margin −48.2% −41.2% −34.2% −207.6% −16.1% −99.8% −52.6% −43.1% −63.4% −48.4%
Operating margin −96.5% −87.1% −53.4% −248.2% −88.9% −198.7% −80.8% −49.4% −71.6% −57.6%
Net margin −84.6% −57.4% −45.3% −266.2% −68.0% −189.6% −76.7% −37.0% −44.3% 1.5%
Free-cash-flow margin −77.1% −32.9% −31.1% −38.6% −47.8% −50.2% −12.5% −84.0% −55.2% −41.1%
Cash flow
Cash from operations −124 −48 −49 −45 −12 −18 −1 −6 −9 −7
Capital spending 4 1 1 1 23 9 3 13 1 1
Free cash flow −127 −48 −50 −46 −34 −26 −4 −19 −11 −7
Stock-based pay 3 3 15 5 4 2 2 1 0 0
Free cash flow after stock pay −130 −51 −65 −51 −38 −28 −6 −19 −11 −7
Balance sheet
Cash 185 195 190 121 83 69 61 50 11 19
Total debt 0 0 0 0 0 2 0 0 0 0
Net debt (negative = net cash) −185 −195 −190 −121 −83 −68 −61 −50 −11 −19
Diluted shares 2m 2m 4m 9m 9m 8m 9m 9m 9m 9m
Returned to shareholders
Buybacks — — — 1 18 2 0 0 0 0
Total returned — — — 1 18 2 0 0 0 0

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 3 checks passed · March 31, 2026
What it owns · $120m
Short-term assets $50mLonger-term assets $70m
What it owes, and who funded it · $120m
Short-term liabilities $46mLonger-term liabilities $0mShareholders' equity $74m
  • Short-term assets cover short-term liabilities $50m of assets due within a year against $46m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $50m short-term assets against $34,648 of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of −$10m against $1,549 of interest.

From Mogu Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q4 TTM
Buybacks (TTM)
$0
Returned to shareholders
0%
of free cash flow
Buybacks, last 3 fiscal years
$113,921
Diluted share count
+0.3%
year over year
Total shareholder yield
0.0%
dividends 0.0% + buybacks 0.0% of market value
R&D spending
22.9%
of revenue
Days sales outstanding
26 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in broadline retail
Last 12 months unless stated MOGU WBUY YJ UZX DIBS HOUR Median
Revenue, last 12 months $18m $19m $44m $5m $91m $153m $2.8bn
Revenue growth, last 12 months −9.7% −63.0% −24.0% −50.5% 2.3% 10.8% 4.4%
Revenue growth, 3-year average — — — — 0.7% 11.0% 9.1%
Revenue growth, latest quarter — — — — 5.3% 25.2% 9.1%
Gross margin 28.6% 12.0% 44.4% 72.6% 74.0% 51.5% 44.4%
Operating margin −57.6% −35.1% −45.2% −90.4% −13.7% 1.5% 2.5%
Operating margin, 3-year average −114.4% — −15.4% — −23.1% 1.2% 2.8%
Net margin 1.5% −45.3% −42.0% −144.5% −8.5% 1.1% 1.7%
Cash from operations / revenue −37.8% −15.5% −18.2% −91.9% −1.0% −0.0% 4.0%
Free-cash-flow margin −41.1% −20.5% −39.9% −95.2% −1.9% −0.1% 2.1%
Free-cash-flow margin, 3-year average −41.4% — −11.5% — −7.0% 0.1% 3.0%
Stock pay / revenue 0.0% 1.2% 0.1% 23.7% 13.7% 0.0% 0.7%
Change in share count 0.3% 179.2% 0.1% 173.6% −0.4% 0.1% −0.4%

Median of all 23 companies we cover in broadline retail. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

23 broadline retail companies
Measure Company Peer median Rank
Revenue growth Growth -9.7% 4.4% 19 of 23
Change in growth rate Growth +2.8pp +0.9pp 9 of 23
Gross margin Profitability 28.6% 44.4% 17 of 22
Operating margin Profitability -57.6% 3.6% 21 of 22
Net margin Profitability 1.5% 1.7% 14 of 23
Free-cash-flow margin Cash generation -41.1% 2.1% 22 of 23
Stock pay as % of revenue Cash generation 0.0% 0.8% 1 of 22
Change in share count Balance sheet 0.3% 0.1% 16 of 22
Days sales outstanding Balance sheet 26 days 13 days 10 of 14

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$2.6M
Institutions reporting
6
Shares held vs prior quarter
▼ 0.4%
Positions opened / closed
1 / 0

Top buyers and sellers, Q2 2026: 1 institutions bought and 2 sold ; the biggest buyer was UBS Group AG (+215 shares) and the biggest seller Tb Alternative Assets Ltd (−4,964). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Hhlr Advisors, Ltd. $1.4M 848K 54.9% 0.0%
Tb Alternative Assets Ltd. $1.1M 684K 44.3% ▼ 0.7%
Renaissance Technologies LLC $19,801 12K 0.8% ▼ 8.7%
UBS Group AG $359 0K 0.0% New
Sbi Securities Co., Ltd. $140 0K 0.0% 0.0%
Morgan Stanley $2 0K 0.0% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Mogu Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $54,922 4 trades by 1 insider, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $54,922 net buying
Insider Date Trade Shares Price Value
Chen Qi Director July 13, 2026 Buy 7,281 $1.99 $14,489
Chen Qi Director July 9, 2026 Buy 1,300 $1.99 $2,587
Chen Qi Director July 1, 2026 Buy 6,419 $1.97 $12,645
Chen Qi Director June 30, 2026 Buy 15,000 $1.68 $25,200

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Mogu Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Mogu Inc. in brief

What does Mogu Inc. do?
Mogu Inc. is a US-listed company in the broadline retail industry. Its financial year ends in March.
What is Mogu Inc.'s stock ticker?
Mogu Inc. trades under the ticker MOGU on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Mogu Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Mogu Inc. reported revenue of $17.7M, 9.7% lower than a year earlier, according to its SEC filings.
What is Mogu Inc.'s free cash flow?
Mogu Inc.'s free-cash-flow margin is -41.1% of revenue over the trailing twelve months, ranking 22 of the 23 broadline retail companies we cover.
Who are Mogu Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Hhlr Advisors, Ltd., Tb Alternative Assets Ltd. and Renaissance Technologies LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Mogu Inc. buying back stock, and does it pay a dividend?
Mogu Inc. spent $0 on share repurchases over the trailing twelve months, and its diluted share count still rose 0.3% over the year.
Who are Mogu Inc.'s competitors?
In our Broadline Retail peer group, the companies closest to Mogu Inc. are Webuy Global LTD, Yunji Inc., Linkage Global Inc, 1stdibs.com, Inc. and Hour Loop, Inc. The side-by-side comparison below sets their revenue, margins and growth against Mogu Inc.'s.
Are insiders buying or selling Mogu Inc. stock?
Over the last 12 months, Mogu Inc.'s directors and officers reported 4 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.