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MARKETS / BALCAO / BRQSF
BALCAO · SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN · SMALL CAP

Borqs Technologies, Inc. BRQSF

11 fiscal years on record · USD · FY2025 reported · SEC filings only
$13.6M
▼ 50.9% YoY
$5.4M
▼ 67.9% YoY
$-27.9M
In brief

What this company does

The divestiture of HHE which included all of the Solar Power BU was completed as of March 6, 2024; thereafter the remaining Connected Solutions BU was sold to Sasken as of April 9, 2025. We currently do not have a core operational business activity. As of December 31, 2025, the Group had 13 employees based in China, Hong Kong, and United States. As of April 9, 2025 we completed the sale of all of our core businesses to Sasken, and effectively all of the activities as described above belong to and are operated by Sasken. Further, according to the non-compete clauses of the sale, the Company and certain of its executives are restricted from participating in similar ODM and IoT business activities for a period of 5 years thereafter. Borqs Technologies, Inc. (BRQS) – the BVI parent holding company and the listing company.

Written from the business description in Borqs Technologies, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 15 May 2026. Every sentence was checked against that document before publication.

Growth
USD 13.6M
Revenue, FY2025 · full 11-year series below
Revenue $M Net income $M
FY2025 · Revenue 13.6 · Net income 5.4
50.0M100.0M-25.0M-50.0M201520172019202120232025
Compound annual growth
−30.9%
−12.7%
−15.7%
+9.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −12.7% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
42 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating -127.9% · Net 41.6%
20%40%60%-50%-100%-150%201520172019202120232025
ROE
FY2025 · ROE 322.7%
100%200%300%-200%-400%201520172019202120232025

Each USD of equity produced 323 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -27.9
-10M-20M201520172019202120232025

Total assetsUSD 8.6M
EquityUSD 6.7M
CashUSD 2.6M
Current ratio5.39×

Equity funds 79% of total assets.

The 11-year record
11 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015
Revenue $B0.00.00.00.00.00.00.10.10.10.10.1
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.1−0.00.00.0
EBITDA $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.1−0.00.00.0
Income tax $B0.00.0−0.00.0−0.00.0−0.00.00.00.00.0
Net income $B0.00.0−0.0−0.0−0.1−0.0−0.0−0.1−0.00.00.0
Free cash flow $B−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0−0.0−0.00.0
EPS, diluted $0.160.55−2.03−17.79−90.95−12.76−0.96−2.30−1.520.00−0.07
Dividend / sh $···········
Payout %···········
ROE %322.7······−578.1···
Shares out B0.050.030.030.000.010.060.040.030.030.000.00

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 54 reconciliationsAUDITED

Reconciled in 11 of 19 fiscal years. 41 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Computer Integrated Systems Design
Listed onOTC market
Incorporated inoutside the United States — SEC code D8
Fiscal year endsDecember 31
Data on record since2015

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