BRQSFOTCServices-Computer Integrated Systems DesignFiscal year ends December 31
Borqs Technologies, Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on May 15, 2026
$0.11+0.02 (+30.21%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 0.7
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2014 to 2025
Gross margin
3.7%−2.3 pts over 5 years
Operating margin
-127.9%+24.0 pts over 5 years
Net margin
39.4%+169.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -50.9% | -30.9% | -12.7% | -15.7% | |
| Gross profit | -91.4% | -55.1% | -20.7% | -29.7% | |
| Net income | -67.9% | – | – | +9.8% | |
| EPS, diluted | -70.9% | – | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -5.8% | 65.4% | 322.7% | |
| Return on assets | 4.7% | -80.8% | 31.6% | |
| Current ratio | 1.15 | 0.27 | 5.39 | |
| Debt to equity | -0.22 | -0.29 | – | |
| Net debt to EBITDA | – | -0.24× | – | |
| Interest coverage | 10.2× | -10.7× | – | |
| Inventory turnover | – | 7.0× | – | |
| Capex to revenue | 0.6% | 0.3% | 0.3% | |
| Diluted shares | 0M | 0M | 33M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Borqs Technologies generated $71.72M from operations and spent $1.90M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$71.72M
Used
$1.90M
Capital expenditure$1.90M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin39.4%
×Asset turnover0.80×
×Equity multiplier10.21×
=Return on equity, FY2025322.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 39.4% | 0.80× | 10.21× | 322.7% |
| FY2024 | 60.2% | 1.18× | -2.75× | -196.1% |
| FY2023 | -128.7% | 0.80× | -2.11× | 216.8% |
| FY2022 | -82.6% | 0.99× | -2.45× | 200.0% |
| FY2021 | -189.0% | 0.72× | -0.97× | 130.9% |
| FY2020 | -130.0% | 0.62× | -0.81× | 65.4% |
| FY2019 | -36.1% | 1.44× | -2.06× | 107.5% |
| FY2018 | -55.9% | 1.06× | 9.80× | -578.1% |
| FY2017 | -10.3% | 1.01× | -28.88× | 301.2% |
| FY2016 | 3.8% | 1.23× | -1.25× | -5.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$5.37M
- Cash generatingOperating cash flow above zero-$27.90M
- Return on assets improvedROA up on the prior year77.9% → 21.1%
- Earnings backed by cashOperating cash flow above net income-$27.90M vs $5.37M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose0.87 → 5.39
- No dilutionShare count did not rise30M → 33M
- Gross margin improvedGross margin up on the prior year20.88% → 3.68%
- More efficientAsset turnover rose1.29 → 0.54