MOGU Inc.MOGU
What MOGU Inc. does.
We are a KOL-driven online fashion and lifestyle destination in China. We provide people with a more accessible and enjoyable shopping experience for everyday fashion, particularly as they increasingly live their lives online. People shop not only to buy, but also for leisure, entertainment and to stay informed of the latest trends. By connecting merchants, KOLs and users together, our platform serves as a valuable marketing channel for merchants, a powerful incubator for KOLs, and a vibrant and dynamic community for people to discover and share the latest fashion trends with others, where users can enjoy a truly comprehensive online shopping experience . In July 2021, we acquired Ruisha Technology as a means to explore new opportunities in the global operation of merchants. Ruisha Technology focuses on serving leading brands in the retail industry and providing brands with private domain operation and private domain product systems, etc. solutions and services. Ruisha Technology is dedicated to providing brands with one-stop brand-wide integrated marketing solutions that keep abreast of the times . In August 2025, Ruisha Technology repurchased its shares, resulting our share interest in Ruisha Technology decreased from 59.6% to 48.2%. We deconsolidated Ruisha Technology since August 31, 2025.
Revenue and profit, by fiscal year.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Revenue | $482.4M | $337.5M | $232.1M | $160.3M | $141.2M | $125.4M |
| Net income | -$328.0M | -$639.8M | -$178.0M | -$59.3M | -$62.6M | $1.8M |
| Free cash flow | -$230.6M | -$169.5M | -$29.1M | -$134.6M | -$78.0M | -$51.5M |
More on MOGU.
- MOGU Inc. summary
- MOGU Inc. financial statements
- MOGU Inc. key metrics
- MOGU Inc. health scores and style box
- MOGU Inc. earnings
- MOGU Inc. dividends
- MOGU Inc. valuation
- MOGU Inc. ownership and insiders
- MOGU Inc. peers
Figures from MOGU Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.