Company Analysis

MOGU Inc. (MOGU)

NYSE: MOGU · Services-Business Services, NEC · Hangzhou, CN · filing with the SEC since 2018
Grade4.2
◀ Past 3.9● Present 3.8▶ Future 4.8
2 est.

The grade of MOGU Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.2/10
◀ Past3.925% of the headline
● Present3.835% of the headline
▶ Future4.840% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.9/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
8.0/10

Has it survived what it has been through?

No warning events in its filings since 2018.

weight 22% of this tense · 80th percentile among 105 sector filers · read for itself

From the record

MOGU Inc.'s filings since 2018 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
0.9/10

What has it actually done, year after year?

-21.5% a year over 10 filed years; profitable in 1 of 10.

weight 45% of this tense · 9th percentile among 99 sector filers · read for its customers

From the record

MOGU Inc.'s 10 filed years say what it did: revenue went from CNY 1.1 billion in fiscal 2017 to CNY 125 million in fiscal 2026, down 21.5% a year; it rose in 1 of 9 years; the deepest fall was 89% from fiscal 2017 to fiscal 2026; net income was positive in 1 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-21.5%bottom 7% of its family
  • the share of years revenue rosebottom 5% of its family
  • the share of filed years with a profitbottom 20% of its family
  • the deepest fall from a revenue peak88.7%bottom 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
5.2/10

How has it treated the people who own it?

SI estimate 5.2/10, confidence 35 of 100 (one part).

weight 33% of this tense · 52nd percentile among 98 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 48% of 98 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 98 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: MOGU Inc.'s shareholder treatment is put at 5.2 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 48% of 98 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.8/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
4.3/10

Is it financially healthy right now?

ROE 0%: 0¢ of profit per shareholder dollar. Leverage 39%: owes 39¢ per asset dollar.

weight 33% of this tense · 44th percentile among 98 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-03-31, MOGU Inc. earned about 0 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 4 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 39 cents per dollar of assets, and net share issuance: its share count grew 0.3% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 24% of its family
  • return on equitybottom 36% of its family
  • gross profit against assetsbottom 13% of its family
  • the share count against the year beforebottom 49% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
2.6/10

How strong is its position in its industry?

bottom 26% of 101 in its family; net margin 1.5%.

weight 45% of this tense · 26th percentile among 101 sector filers · read for its customers

From the record

MOGU Inc.'s standing among 101 graded names in its industry family: revenue of CNY 125 million in fiscal 2026 is not ranked by size, since the family reports in another currency; a net margin of 1.5% ranks in the bottom 43%; revenue growth of -18.5% a year over the last 3 filed years ranks in the bottom 9% (its annual reports).

What it rests on

  • net margin1.5%bottom 43% of its family
  • three-year revenue growth-18.5%bottom 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.3/10

What are the people in charge doing?

SI estimate 5.3/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 73 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-16 (a listing, a merger or a first filing under the rules) and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 73 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-16 (a listing, a merger or a first filing under the rules) and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 73 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: MOGU Inc.'s leadership is put at 5.3 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-16 (a listing, a merger or a first filing under the rules) and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 73 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.8/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.7/10

How much room does it have to grow?

bottom 47% of 99 in its family for room to expand.

weight 33% of this tense · 47th percentile among 99 sector filers · read for itself

From the record

MOGU Inc.'s room to grow, from the newest filed statements (fiscal 2026): cash of CNY 134 million against no long-term debt tagged leaves 16.2% of its assets as net cash, top 28% of its family; cash from operations less capital spending is -41.1% of revenue (bottom 13%); a gross margin of 28.6% (bottom 25%); research spending of 22.9% of revenue (top 21%) (its annual report).

What it rests on

  • cash less debt against assets16.2%top 28% of its family
  • cash from operations less capital spending against revenue-41.1%bottom 13% of its family
  • gross margin28.6%bottom 25% of its family
  • research spending against revenue22.9%top 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.4/10

What could actually drive growth from here?

bottom 34% of 99 in its family for growth drivers.

weight 45% of this tense · 34th percentile among 99 sector filers · read for its customers

From the record

MOGU Inc.'s growth drivers, from the filed years to fiscal 2026: revenue grew -18.5% a year over the last three filed years against -21.5% over all 10, speeding up (top 10% of its family); the newest year grew -11.2% (bottom 12%); research spending grew -8.1% a year (bottom 23%); capital spending grew -40% a year (bottom 11%) (its annual reports). MOGU Inc. reported 4 product lines in fiscal 2026: Commissions at CNY 66 million (53%), Technology Services Revenues at CNY 27 million (22%), Other Revenues at CNY 26 million (21%), and 1 more; 1 of 4 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+3.0 points a yeartop 10% of its family
  • the newest year's revenue growth-11.2%bottom 12% of its family
  • three-year growth of research spending-8.1%bottom 23% of its family
  • three-year growth of capital spending-40.0%bottom 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
7.9/10

Did its newest year beat what its own record pointed to?

top 21% of 93 in its family for expectations against reality.

weight 22% of this tense · 79th percentile among 93 sector filers · read for its shareholders

From the record

MOGU Inc.'s newest year against its own record: revenue of CNY 125 million in fiscal 2026 came in 13.8% above the CNY 110 million its prior three years' pace pointed to (top 16% of its family); net income of CNY 2 million against a prior three-year average of CNY 100 million (top 31%); a net margin of 1.5% against -52.7% before (top 16%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace13.8%top 16% of its family
  • net income against the prior three years' average+102%top 31% of its family
  • net margin against its prior average+54.1 pointstop 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton MOGU · research, not advice