Skip to content
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

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

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
50M100M-30M-60M
20152018202120242025
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 the five years to FY2025.

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%
201520202025
ROE

Not applicable: equity was zero or negative in this period, so return on equity has no meaning.

Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.
Return on capital employedNot applicable: capital employed was zero or negative in this period, so return on capital employed has no meaning.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -27.9
-15M-30M
201520202025

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—not applicable◌not available in our data
BRQSF, 11-year financial record
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 % — not applicable: no dividend———————————
ROE % — not applicable: negative equity———————————
Shares out B0.050.030.030.060.160.060.040.030.030.000.00

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 54 reconciliationsAUDITED

Reconciled in 11 of the 11 fiscal years we could check. 16 checks were skipped: the balance sheet is not tagged before 2015. Eight checks were skipped: EPS is not tagged before 2015. Eight checks were skipped: revenue is not tagged before 2015.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 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

Share this section

Download image