Boqii Holding Ltd (BQ) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: July 13, 2026

Risk Assessment Details

Potential Dilution: 12497.13% of current shares
Recent Dilution: 203.13% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
4.3M
Potential Supply
540M
Additional shares possible
Splits
None
Past 2 years

Summary

BQ currently has 4.3M outstanding shares. with significant dilution risk as 537M authorized shares could dilute existing holders by 12497.1%. The company has significantly diluted shareholders by 203.13% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Jul 13, 2026

20-F filing | 4.3M shares outstanding

4.3M 540M
Jun 05, 2026

F-3 filing: This filing discloses recent private placements, an ADS termination and reverse split, an issuance of Class C shares, and a registered direct offering of Class A shares and pre-funded warrants.

450M 540M
Nov 19, 2025

F-3 filing: This F-3 filing from Boqii Holding Limited details information about the company's business, financial performance, VIE structure, recent developments including private placements, reverse stock splits, ADS termination, issuance of Class C ordinary shares, and a registered direct offering, along with risk factors and required permissions from PRC authorities for operations and securities offerings.

450M 540M
Jul 21, 2025

20-F filing | 447.7M shares outstanding

450M 530M
Mar 31, 2025

F-1 filing: F-1 filing for Baqii Holdings Limited registering ADSs representing Class A ordinary shares offered by Selling Shareholders.

450M 530M
Oct 29, 2024

20-F filing | 147.7M shares outstanding

150M 230M
Jul 25, 2023

20-F filing | 67.0M shares outstanding

67M 230M
Oct 18, 2022

F-3 filing: Boqii Holding Limited may offer from time to time up to a total amount of US$260,000,000, consisting of (i) Class A ordinary shares, par value US$0.001 per share, including American depositary shares, or ADSs, each representing 4.5 Class A ordinary shares, (ii) warrants to purchase Class A ordinary shares or other securities, (iii) units (collectively, the Securities), or any combination thereof, in one or more offerings

69M 230M
Jul 27, 2022

20-F filing | 68.7M shares outstanding

69M 0
Jul 22, 2021

20-F filing | 67.0M shares outstanding

67M 0
Sep 08, 2020

F-1 filing: This is an F-1 filing. The document discusses expenses related to a potential offering but does not disclose specifics such as price, shares, or amounts. Legal representation for the offering is detailed.

N/A 0
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