FY2025 · ended Dec 31, 2025 · Revenue $13.60M, -50.9% YoY · Filed May 15, 2026
Borqs Technologies, Inc. (BRQSF) files with the SEC under industry code 7373, Services-Computer Integrated Systems Design. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $13.6 million and net income of $5.4 million. Free cash flow was -$27.9 million. As of Dec 31, 2025 it held $7.5 million in cash and investments and $42,000 in total debt.
Revenue
$13.60M
-50.9% vs prior year
Net income
$5.37M
-67.9% vs prior year
Operating cash flow
$-27.90M
-907.5% vs prior year
Free cash flow
$-27.94M
-869.0% vs prior year
EPS
$0.16
-70.9% vs prior year
Dividend per share
None
Shares outstanding
45.47M
+57.0% vs prior year
Net cash
$7.46M
FY 2025
Operating margin
-127.9%
FY 2025
Company profile
- Industry
- Services-Computer Integrated Systems Design (SIC 7373)
- Listed as
- BRQSF (OTC)
- Fiscal year ends
- December 31
- Incorporated in
- Virgin Islands, British
- Headquarters
- Kowloon, Hong Kong
- SEC filer status
- Non-accelerated filer
- SEC CIK
- 1650575
- Former names
- Pacific Special Acquisition Corp. (until Aug 18, 2017)
Other Services-Computer Integrated Systems Design companies
- Samsara Inc. IOT
- Leidos Holdings, Inc. LDOS
- Caci International Inc /DE/ CACI
- GoDaddy Inc. GDDY
- IonQ, Inc. IONQ
- Jack Henry & Associates Inc JKHY
- Quantinuum Inc. QNT
- Aurora Innovation, Inc. AUR
All 56 Services-Computer Integrated Systems Design companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $13.6M | $27.7M | $20.6M | $41.2M | $29.6M |
| Operating income | -$17.4M | -$3.1M | -$11.3M | -$3.4M | -$26.1M |
| Net income | $5.4M | $16.7M | -$26.5M | -$34.0M | -$55.9M |
| Diluted EPS | $0.16 | $0.55 | -$2.03 | -$17.79 | -$90.95 |
| Operating cash flow | -$27.9M | -$2.8M | -$6.8M | -$5.5M | -$28.7M |
| Free cash flow | -$27.9M | -$2.9M | -$7.0M | -$6.2M | -$29.5M |
| Total assets | $8.6M | $25.4M | $21.4M | $30.1M | $53.3M |
| Total liabilities | $1.6M | $29.0M | $35.9M | $41.3M | $70.5M |
| Stockholders' equity | $6.7M | -$3.4M | -$13.6M | -$10.8M | -$23.2M |
| Cash and investments | $7.5M | $2.0M | $800,000 | $11.6M | $6.4M |
| Total debt | $42,000 | $567,000 | $3.6M | $2.8M | $12.1M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 20-F | Annual report (foreign issuer) | May 15, 2026 | Dec 31, 2025 |
| 6-K | Current report (foreign issuer) | Dec 23, 2025 | Jun 30, 2025 |
| 6-K | Current report (foreign issuer) | Oct 14, 2025 | Oct 14, 2025 |
| 20-F | Annual report (foreign issuer) | May 15, 2025 | Dec 31, 2024 |
| 6-K | Current report (foreign issuer) | Apr 14, 2025 | Apr 14, 2025 |
| 6-K | Current report (foreign issuer) | Dec 23, 2024 | Dec 23, 2024 |
All 311 Borqs Technologies, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.