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Borqs Technologies, Inc.

EDGAR

BRQS Annual report for a foreign issuer (20-F) · filed 2026-05-15

Annual consolidated revenue for 2025: about USD 13.6M, using the latest reported figures. The previous period, 2024, was about USD 27.71M.

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Watchlist

Latest quarter

Revenue

-14.5 million USD

2018 Q4 · USD

Exact inputs and evidence

Revenue: 128420000 USD Source
Revenue: 142887000 USD Source

Operating margin

492.96%

2018 Q4 · %

Exact inputs and evidence

Operating Income: -66668000 USD Source
Operating Income: 4648000 USD Source
Revenue: 128420000 USD Source
Revenue: 142887000 USD Source

Operating cash flow

-3.39 million USD

2018 Q4 · USD

Exact inputs and evidence

Operating Cash Flow: 2581000 USD Source
Operating Cash Flow: 5973000 USD Source

Cash and cash equivalents: 2.6 million USD 2025-12-31 Source
Exact value

2600000 USD
Long-term debt including current maturities: 2.68 million USD 2023-12-31 Source
Exact value

2680000 USD
Shares outstanding: 45.5 million shares 2025-12-31 Source
Exact value

45470079 shares

Reported share-count change

56.96% · 16.5 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence

28970077 shares · 2024-12-31· Source
45470079 shares · 2025-12-31· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

128 million USD

2018-01-01 – 2018-12-31

Exact inputs and evidence

Revenue: 58256000 USD · 2018-01-01 – 2018-03-31 Source
Revenue: 56339000 USD · 2018-04-01 – 2018-06-30 Source
Revenue: 28292000 USD · 2018-07-01 – 2018-09-30 Source
Revenue: 128420000 USD · 2018-01-01 – 2018-12-31 Source
Revenue: 142887000 USD · 2018-01-01 – 2018-09-30 Source

Net income

-71.8 million USD

2018-01-01 – 2018-12-31

Exact inputs and evidence

Net income: 1199000 USD · 2018-01-01 – 2018-03-31 Source
Net income: 1830000 USD · 2018-04-01 – 2018-06-30 Source
Net income: -2508000 USD · 2018-07-01 – 2018-09-30 Source
Net income: -71764000 USD · 2018-01-01 – 2018-12-31 Source
Net income: 521000 USD · 2018-01-01 – 2018-09-30 Source

Operating cash flow

2.58 million USD

2018-01-01 – 2018-12-31

Exact inputs and evidence

Operating cash flow: 688000 USD · 2018-01-01 – 2018-03-31 Source
Operating cash flow: 1552000 USD · 2018-01-01 – 2018-06-30 Source
Operating cash flow: 688000 USD · 2018-01-01 – 2018-03-31 Source
Operating cash flow: 5973000 USD · 2018-01-01 – 2018-09-30 Source
Operating cash flow: 1552000 USD · 2018-01-01 – 2018-06-30 Source
Operating cash flow: 2581000 USD · 2018-01-01 – 2018-12-31 Source
Operating cash flow: 5973000 USD · 2018-01-01 – 2018-09-30 Source

Capital expenditure

672 thousand USD

2017-10-01 – 2018-09-30

Exact inputs and evidence

Capital expenditure: 842000 USD · 2017-01-01 – 2017-12-31 Source
Capital expenditure: 326000 USD · 2017-01-01 – 2017-09-30 Source
Capital expenditure: 115000 USD · 2018-01-01 – 2018-03-31 Source
Capital expenditure: 148000 USD · 2018-01-01 – 2018-06-30 Source
Capital expenditure: 115000 USD · 2018-01-01 – 2018-03-31 Source
Capital expenditure: 156000 USD · 2018-01-01 – 2018-09-30 Source
Capital expenditure: 148000 USD · 2018-01-01 – 2018-06-30 Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-05-15.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 11 of 11 periods available· newest 2025-12-31
Operating income: 11 of 11 periods available· newest 2025-12-31
Net income: 11 of 11 periods available· newest 2025-12-31
Operating cash flow: 11 of 11 periods available· newest 2025-12-31
Capital expenditure: 11 of 11 periods available· newest 2025-12-31
Total assets: 11 of 11 periods available· newest 2025-12-31
Total liabilities: 11 of 11 periods available· newest 2025-12-31
Current assets: 11 of 11 periods available· newest 2025-12-31
Current liabilities: 10 of 11 periods available· newest 2025-12-31
Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
Long-term debt including current maturities: 5 of 11 periods available· newest 2023-12-31
Shares outstanding: 11 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
-50.9%

Prior period

USD 27.71 million

2024-01-01 – 2024-12-31
Current period

USD 13.6 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

13602000 − 27713000 = -14111000 USD

27713000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
13602000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · Borqs Technologies, Inc. · 2025-12-31 Borqs Technologies, Inc. (edgar:1650575) Year-over-year change in Revenue: -14111000 USD Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 13602000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390026057706/ea0290163-20f_borqstech.htm#1039351 Filing: 000121390026057706 Input fundies:Revenue: 27713000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390026057706/ea0290163-20f_borqstech.htm#1038934 Filing: 000121390026057706
The citation records this snapshot. The page link may show a newer release later.
Net income
-67.9%

Prior period

USD 16.7 million

2024-01-01 – 2024-12-31
Current period

USD 5.37 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

5365000 − 16697000 = -11332000 USD

16697000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
5365000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · Borqs Technologies, Inc. · 2025-12-31 Borqs Technologies, Inc. (edgar:1650575) Year-over-year change in Net income: -11332000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: 5365000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390026057706/ea0290163-20f_borqstech.htm#1096916 Filing: 000121390026057706 Input fundies:NetIncome: 16697000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390026057706/ea0290163-20f_borqstech.htm#1096494 Filing: 000121390026057706
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
−USD 25.13 million

Prior period

−USD 2.77 million

2024-01-01 – 2024-12-31
Current period

−USD 27.9 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

-27899000 − -2769000 = -25130000 USD

-2769000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
-27899000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · Borqs Technologies, Inc. · 2025-12-31 Borqs Technologies, Inc. (edgar:1650575) Year-over-year change in Operating cash flow: -25130000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: -27899000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390026057706/ea0290163-20f_borqstech.htm#1283349 Filing: 000121390026057706 Input fundies:OperatingCashFlow: -2769000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390026057706/ea0290163-20f_borqstech.htm#1282894 Filing: 000121390026057706
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
-67.5%

Prior period

USD 114,000

2024-01-01 – 2024-12-31
Current period

USD 37,000

2025-01-01 – 2025-12-31

Exact inputs and evidence

37000 − 114000 = -77000 USD

114000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
37000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · Borqs Technologies, Inc. · 2025-12-31 Borqs Technologies, Inc. (edgar:1650575) Year-over-year change in Capital expenditure: -77000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 37000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390026057706/ea0290163-20f_borqstech.htm#1285898 Filing: 000121390026057706 Input fundies:CapitalExpenditure: 114000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390026057706/ea0290163-20f_borqstech.htm#1285575 Filing: 000121390026057706
The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue USD 13.6 million 100% of revenue
Cost of revenue USD 13.1 million 96% of revenue
Operating expenses USD 17.89 million 132% of revenue
Operating income −USD 17.39 million −128% of revenue
Tax, interest and other Derived −USD 22.76 million −167% of revenue
Net income USD 5.37 million 39% of revenue

Cash

Operating cash flow −USD 27.9 million −205% of revenue
Capital expenditure USD 37,000 0.3% of revenue
Free cash flow Derived −USD 27.94 million −205% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2017 Operating loss: operating costs were 107% of revenue.
2018 Operating loss: operating costs were 152% of revenue.
2019 Operating loss: operating costs were 129% of revenue.
2020 Operating loss: operating costs were 252% of revenue.
2021 Operating loss: operating costs were 188% of revenue.
2022 Operating loss: operating costs were 108% of revenue.
2023 Operating loss: operating costs were 155% of revenue.
2024 Operating loss: operating costs were 111% of revenue.
2025 Operating loss: operating costs were 228% of revenue.

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2017 2017-01-01 – 2017-12-31	122233000	130640000 Derived	-8407000	4162000 Derived	-12569000	-13475000 Derived	Source 2017-01-01 – 2017-12-31: 122233000 USD Inspect Revenue Open source 2017-01-01 – 2017-12-31: -8407000 USD Inspect Operating Income Open source 2017-01-01 – 2017-12-31: -12569000 USD Inspect Net Income Open source 2017-01-01 – 2017-12-31: -12633000 USD Inspect Operating Cash Flow Open source 2017-01-01 – 2017-12-31: 842000 USD Inspect Capital Expenditure Open source
2018 2018-01-01 – 2018-12-31	128420000	195088000 Derived	-66668000	5096000 Derived	-71764000	2426000 Derived	Source 2018-01-01 – 2018-12-31: 128420000 USD Inspect Revenue Open source 2018-01-01 – 2018-12-31: -66668000 USD Inspect Operating Income Open source 2018-01-01 – 2018-12-31: -71764000 USD Inspect Net Income Open source 2018-01-01 – 2018-12-31: 2581000 USD Inspect Operating Cash Flow Open source 2018-01-01 – 2018-12-31: 155000 USD Inspect Capital Expenditure Open source
2019 2019-01-01 – 2019-12-31	98958000	128113000 Derived	-29155000	6579000 Derived	-35734000	-7490000 Derived	Source 2019-01-01 – 2019-12-31: 98958000 USD Inspect Revenue Open source 2019-01-01 – 2019-12-31: -29155000 USD Inspect Operating Income Open source 2019-01-01 – 2019-12-31: -35734000 USD Inspect Net Income Open source 2019-01-01 – 2019-12-31: -7373000 USD Inspect Operating Cash Flow Open source 2019-01-01 – 2019-12-31: 117000 USD Inspect Capital Expenditure Open source
2020 2020-01-01 – 2020-12-31	26751000	67371000 Derived	-40620000	-5833000 Derived	-34787000	-8131000 Derived	Source 2020-01-01 – 2020-12-31: 26751000 USD Inspect Revenue Open source 2020-01-01 – 2020-12-31: -40620000 USD Inspect Operating Income Open source 2020-01-01 – 2020-12-31: -34787000 USD Inspect Net Income Open source 2020-01-01 – 2020-12-31: -8059000 USD Inspect Operating Cash Flow Open source 2020-01-01 – 2020-12-31: 72000 USD Inspect Capital Expenditure Open source
2021 2021-01-01 – 2021-12-31	29561000	55711000 Derived	-26150000	29715000 Derived	-55865000	-29519000 Derived	Source 2021-01-01 – 2021-12-31: 29561000 USD Inspect Revenue Open source 2021-01-01 – 2021-12-31: -26150000 USD Inspect Operating Income Open source 2021-01-01 – 2021-12-31: -55865000 USD Inspect Net Income Open source 2021-01-01 – 2021-12-31: -28738000 USD Inspect Operating Cash Flow Open source 2021-01-01 – 2021-12-31: 781000 USD Inspect Capital Expenditure Open source
2022 2022-01-01 – 2022-12-31	41203000	44652000 Derived	-3449000	30583000 Derived	-34032000	-6241000 Derived	Source 2022-01-01 – 2022-12-31: 41203000 USD Inspect Revenue Open source 2022-01-01 – 2022-12-31: -3449000 USD Inspect Operating Income Open source 2022-01-01 – 2022-12-31: -34032000 USD Inspect Net Income Open source 2022-01-01 – 2022-12-31: -5523000 USD Inspect Operating Cash Flow Open source 2022-01-01 – 2022-12-31: 718000 USD Inspect Capital Expenditure Open source
2023 2023-01-01 – 2023-12-31	20567000	31911000 Derived	-11344000	15123000 Derived	-26467000	-7039000 Derived	Source 2023-01-01 – 2023-12-31: 20567000 USD Inspect Revenue Open source 2023-01-01 – 2023-12-31: -11344000 USD Inspect Operating Income Open source 2023-01-01 – 2023-12-31: -26467000 USD Inspect Net Income Open source 2023-01-01 – 2023-12-31: -6789000 USD Inspect Operating Cash Flow Open source 2023-01-01 – 2023-12-31: 250000 USD Inspect Capital Expenditure Open source
2024 2024-01-01 – 2024-12-31	27713000	30851000 Derived	-3138000	-19835000 Derived	16697000	-2883000 Derived	Source 2024-01-01 – 2024-12-31: 27713000 USD Inspect Revenue Open source 2024-01-01 – 2024-12-31: -3138000 USD Inspect Operating Income Open source 2024-01-01 – 2024-12-31: 16697000 USD Inspect Net Income Open source 2024-01-01 – 2024-12-31: -2769000 USD Inspect Operating Cash Flow Open source 2024-01-01 – 2024-12-31: 114000 USD Inspect Capital Expenditure Open source
2025 2025-01-01 – 2025-12-31	13602000	30996000 Derived	-17394000	-22759000 Derived	5365000	-27936000 Derived	Source 2025-01-01 – 2025-12-31: 13602000 USD Inspect Revenue Open source 2025-01-01 – 2025-12-31: -17394000 USD Inspect Operating Income Open source 2025-01-01 – 2025-12-31: 5365000 USD Inspect Net Income Open source 2025-01-01 – 2025-12-31: -27899000 USD Inspect Operating Cash Flow Open source 2025-01-01 – 2025-12-31: 37000 USD Inspect Capital Expenditure Open source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 13.6M 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Revenue	85448000	Revenue: 85448000 Open source
20172017-12-31	Revenue	122233000	Revenue: 122233000 Open source
20182018-12-31	Revenue	128420000	Revenue: 128420000 Open source
20192019-12-31	Revenue	98958000	Revenue: 98958000 Open source
20202020-12-31	Revenue	26751000	Revenue: 26751000 Open source
20212021-12-31	Revenue	29561000	Revenue: 29561000 Open source
20222022-12-31	Revenue	41203000	Revenue: 41203000 Open source
20232023-12-31	Revenue	20567000	Revenue: 20567000 Open source
20242024-12-31	Revenue	27713000	Revenue: 27713000 Open source
20252025-12-31	Revenue	13602000	Revenue: 13602000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

-50.9% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Year over year	13.8%	Revenue: 85448000 Open source Revenue: 75072000 Open source
20172017-12-31	Year over year	43%	Revenue: 122233000 Open source Revenue: 85448000 Open source
20182018-12-31	Year over year	5.1%	Revenue: 128420000 Open source Revenue: 122233000 Open source
20192019-12-31	Year over year	-22.9%	Revenue: 98958000 Open source Revenue: 128420000 Open source
20202020-12-31	Year over year	-73%	Revenue: 26751000 Open source Revenue: 98958000 Open source
20212021-12-31	Year over year	10.5%	Revenue: 29561000 Open source Revenue: 26751000 Open source
20222022-12-31	Year over year	39.4%	Revenue: 41203000 Open source Revenue: 29561000 Open source
20232023-12-31	Year over year	-50.1%	Revenue: 20567000 Open source Revenue: 41203000 Open source
20242024-12-31	Year over year	34.7%	Revenue: 27713000 Open source Revenue: 20567000 Open source
20252025-12-31	Year over year	-50.9%	Revenue: 13602000 Open source Revenue: 27713000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -127.9% 2025

Net margin 39.4% 2025

Free cash flow margin -205.4% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Operating margin	10.2%	Operating Income: 8705000 Open source Revenue: 85448000 Open source
20172017-12-31	Operating margin	-6.9%	Operating Income: -8407000 Open source Revenue: 122233000 Open source
20182018-12-31	Operating margin	-51.9%	Operating Income: -66668000 Open source Revenue: 128420000 Open source
20192019-12-31	Operating margin	-29.5%	Operating Income: -29155000 Open source Revenue: 98958000 Open source
20202020-12-31	Operating margin	-151.8%	Operating Income: -40620000 Open source Revenue: 26751000 Open source
20212021-12-31	Operating margin	-88.5%	Operating Income: -26150000 Open source Revenue: 29561000 Open source
20222022-12-31	Operating margin	-8.4%	Operating Income: -3449000 Open source Revenue: 41203000 Open source
20232023-12-31	Operating margin	-55.2%	Operating Income: -11344000 Open source Revenue: 20567000 Open source
20242024-12-31	Operating margin	-11.3%	Operating Income: -3138000 Open source Revenue: 27713000 Open source
20252025-12-31	Operating margin	-127.9%	Operating Income: -17394000 Open source Revenue: 13602000 Open source
20162016-12-31	Net margin	3.8%	Net Income: 3228000 Open source Revenue: 85448000 Open source
20172017-12-31	Net margin	-10.3%	Net Income: -12569000 Open source Revenue: 122233000 Open source
20182018-12-31	Net margin	-55.9%	Net Income: -71764000 Open source Revenue: 128420000 Open source
20192019-12-31	Net margin	-36.1%	Net Income: -35734000 Open source Revenue: 98958000 Open source
20202020-12-31	Net margin	-130%	Net Income: -34787000 Open source Revenue: 26751000 Open source
20212021-12-31	Net margin	-189%	Net Income: -55865000 Open source Revenue: 29561000 Open source
20222022-12-31	Net margin	-82.6%	Net Income: -34032000 Open source Revenue: 41203000 Open source
20232023-12-31	Net margin	-128.7%	Net Income: -26467000 Open source Revenue: 20567000 Open source
20242024-12-31	Net margin	60.2%	Net Income: 16697000 Open source Revenue: 27713000 Open source
20252025-12-31	Net margin	39.4%	Net Income: 5365000 Open source Revenue: 13602000 Open source
20162016-12-31	Free cash flow margin	Not reported	Revenue: 85448000 Open source
20172017-12-31	Free cash flow margin	-11%	Revenue: 122233000 Open source Operating Cash Flow: -12633000 Open source Capital Expenditure: 842000 Open source
20182018-12-31	Free cash flow margin	1.9%	Revenue: 128420000 Open source Operating Cash Flow: 2581000 Open source Capital Expenditure: 155000 Open source
20192019-12-31	Free cash flow margin	-7.6%	Revenue: 98958000 Open source Operating Cash Flow: -7373000 Open source Capital Expenditure: 117000 Open source
20202020-12-31	Free cash flow margin	-30.4%	Revenue: 26751000 Open source Operating Cash Flow: -8059000 Open source Capital Expenditure: 72000 Open source
20212021-12-31	Free cash flow margin	-99.9%	Revenue: 29561000 Open source Operating Cash Flow: -28738000 Open source Capital Expenditure: 781000 Open source
20222022-12-31	Free cash flow margin	-15.1%	Revenue: 41203000 Open source Operating Cash Flow: -5523000 Open source Capital Expenditure: 718000 Open source
20232023-12-31	Free cash flow margin	-34.2%	Revenue: 20567000 Open source Operating Cash Flow: -6789000 Open source Capital Expenditure: 250000 Open source
20242024-12-31	Free cash flow margin	-10.4%	Revenue: 27713000 Open source Operating Cash Flow: -2769000 Open source Capital Expenditure: 114000 Open source
20252025-12-31	Free cash flow margin	-205.4%	Revenue: 13602000 Open source Operating Cash Flow: -27899000 Open source Capital Expenditure: 37000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD -27.9M 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Operating cash flow	Not reported	No source recorded
20172017-12-31	Operating cash flow	-12633000	Operating Cash Flow: -12633000 Open source
20182018-12-31	Operating cash flow	2581000	Operating Cash Flow: 2581000 Open source
20192019-12-31	Operating cash flow	-7373000	Operating Cash Flow: -7373000 Open source
20202020-12-31	Operating cash flow	-8059000	Operating Cash Flow: -8059000 Open source
20212021-12-31	Operating cash flow	-28738000	Operating Cash Flow: -28738000 Open source
20222022-12-31	Operating cash flow	-5523000	Operating Cash Flow: -5523000 Open source
20232023-12-31	Operating cash flow	-6789000	Operating Cash Flow: -6789000 Open source
20242024-12-31	Operating cash flow	-2769000	Operating Cash Flow: -2769000 Open source
20252025-12-31	Operating cash flow	-27899000	Operating Cash Flow: -27899000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -27.9M 2025

Values and sources

Free cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Free cash flow	Unavailable	No source recorded
20172017-12-31	Free cash flow	-13475000	Operating Cash Flow: -12633000 Open source Capital Expenditure: 842000 Open source
20182018-12-31	Free cash flow	2426000	Operating Cash Flow: 2581000 Open source Capital Expenditure: 155000 Open source
20192019-12-31	Free cash flow	-7490000	Operating Cash Flow: -7373000 Open source Capital Expenditure: 117000 Open source
20202020-12-31	Free cash flow	-8131000	Operating Cash Flow: -8059000 Open source Capital Expenditure: 72000 Open source
20212021-12-31	Free cash flow	-29519000	Operating Cash Flow: -28738000 Open source Capital Expenditure: 781000 Open source
20222022-12-31	Free cash flow	-6241000	Operating Cash Flow: -5523000 Open source Capital Expenditure: 718000 Open source
20232023-12-31	Free cash flow	-7039000	Operating Cash Flow: -6789000 Open source Capital Expenditure: 250000 Open source
20242024-12-31	Free cash flow	-2883000	Operating Cash Flow: -2769000 Open source Capital Expenditure: 114000 Open source
20252025-12-31	Free cash flow	-27936000	Operating Cash Flow: -27899000 Open source Capital Expenditure: 37000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

18.8% 2025

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Liabilities / assets	82.7%	Total Liabilities: 64519000 Open source Total Assets: 78030000 Open source
20172017-12-31	Liabilities / assets	71.2%	Total Liabilities: 116006000 Open source Total Assets: 163011000 Open source
20182018-12-31	Liabilities / assets	128%	Total Liabilities: 102866000 Open source Total Assets: 80392000 Open source
20192019-12-31	Liabilities / assets	185.8%	Total Liabilities: 105503000 Open source Total Assets: 56798000 Open source
20202020-12-31	Liabilities / assets	312.1%	Total Liabilities: 91593000 Open source Total Assets: 29352000 Open source
20212021-12-31	Liabilities / assets	132.5%	Total Liabilities: 70538000 Open source Total Assets: 53252000 Open source
20222022-12-31	Liabilities / assets	137%	Total Liabilities: 41295000 Open source Total Assets: 30143000 Open source
20232023-12-31	Liabilities / assets	167.3%	Total Liabilities: 35864000 Open source Total Assets: 21432000 Open source
20242024-12-31	Liabilities / assets	114.2%	Total Liabilities: 29007000 Open source Total Assets: 25409000 Open source
20252025-12-31	Liabilities / assets	18.8%	Total Liabilities: 1608000 Open source Total Assets: 8554000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

5.39× 2025

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Current assets / current liabilities	1.15×	Current Assets: 58079000 Open source Current Liabilities: 50487000 Open source
20172017-12-31	Current assets / current liabilities	1.25×	Current Assets: 133810000 Open source Current Liabilities: 107027000 Open source
20182018-12-31	Current assets / current liabilities	0.65×	Current Assets: 53834000 Open source Current Liabilities: 83147000 Open source
20192019-12-31	Current assets / current liabilities	0.35×	Current Assets: 35150000 Open source Current Liabilities: 99573000 Open source
20202020-12-31	Current assets / current liabilities	0.27×	Current Assets: 23865000 Open source Current Liabilities: 86811000 Open source
20212021-12-31	Current assets / current liabilities	0.48×	Current Assets: 31210000 Open source Current Liabilities: 64391000 Open source
20222022-12-31	Current assets / current liabilities	0.74×	Current Assets: 27991000 Open source Current Liabilities: 37940000 Open source
20232023-12-31	Current assets / current liabilities	0.55×	Current Assets: 18140000 Open source Current Liabilities: 33019000 Open source
20242024-12-31	Current assets / current liabilities	0.87×	Current Assets: 23355000 Open source Current Liabilities: 26916000 Open source
20252025-12-31	Current assets / current liabilities	5.39×	Current Assets: 8506000 Open source Current Liabilities: 1578000 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2017 2016-07-01 – 2017-06-30	−USD 1.77 million Exact value Exact value: -1765534 USD 2016-07-01 – 2017-06-30: -1765534 USD Inspect Net Income Open source Share or cite Citation for Net Income · Borqs Technologies, Inc. · 2017-06-30 Borqs Technologies, Inc. (edgar:1650575) Net Income: -1765534 USD Concept: fundies:NetIncome Period: 2016-07-01 to 2017-06-30 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3ANetIncome&period=2017-06-30&surface=latest&period_type=duration&start=2016-07-01&unit=USD&dimensions= Input fundies:NetIncome: -1765534 USD (2016-07-01 to 2017-06-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390017008855/paacu-20170630.xml#54519 Filing: 000121390017008855 The citation records this snapshot. The page link may show a newer release later.	−USD 1.02 million Exact value Exact value: -1023816 USD 2016-07-01 – 2017-06-30: -1023816 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Borqs Technologies, Inc. · 2017-06-30 Borqs Technologies, Inc. (edgar:1650575) Operating Cash Flow: -1023816 USD Concept: fundies:OperatingCashFlow Period: 2016-07-01 to 2017-06-30 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3AOperatingCashFlow&period=2017-06-30&surface=latest&period_type=duration&start=2016-07-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -1023816 USD (2016-07-01 to 2017-06-30) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390017008855/paacu-20170630.xml#70203 Filing: 000121390017008855 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2017 2017-01-01 – 2017-12-31	−USD 12.57 million Exact value Exact value: -12569000 USD 2017-01-01 – 2017-12-31: -12569000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Borqs Technologies, Inc. · 2017-12-31 Borqs Technologies, Inc. (edgar:1650575) Net Income: -12569000 USD Concept: fundies:NetIncome Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3ANetIncome&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:NetIncome: -12569000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390020029193/brqs-20191231.xml#230180 Filing: 000121390020029193 The citation records this snapshot. The page link may show a newer release later.	−USD 12.63 million Exact value Exact value: -12633000 USD 2017-01-01 – 2017-12-31: -12633000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Borqs Technologies, Inc. · 2017-12-31 Borqs Technologies, Inc. (edgar:1650575) Operating Cash Flow: -12633000 USD Concept: fundies:OperatingCashFlow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3AOperatingCashFlow&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -12633000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390020029193/brqs-20191231.xml#265955 Filing: 000121390020029193 The citation records this snapshot. The page link may show a newer release later.	USD 842,000 Exact value Exact value: 842000 USD 2017-01-01 – 2017-12-31: 842000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Borqs Technologies, Inc. · 2017-12-31 Borqs Technologies, Inc. (edgar:1650575) Capital Expenditure: 842000 USD Concept: fundies:CapitalExpenditure Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3ACapitalExpenditure&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 842000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390020029193/brqs-20191231.xml#253527 Filing: 000121390020029193 The citation records this snapshot. The page link may show a newer release later.	−USD 13.48 million Calculation and evidence -12633000 − 842000 USD Exact free cash flow: -13475000 USD 2017-01-01 – 2017-12-31: -12633000 USD · Inspect Operating Cash Flow · Source 2017-01-01 – 2017-12-31: 842000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Borqs Technologies, Inc. · 2017-12-31 Borqs Technologies, Inc. (edgar:1650575) Free cash flow: -13475000 USD Concept: free-cash-flow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -12633000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390020029193/brqs-20191231.xml#265955 Filing: 000121390020029193 Input fundies:CapitalExpenditure: 842000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390020029193/brqs-20191231.xml#253527 Filing: 000121390020029193 The citation records this snapshot. The page link may show a newer release later.
2018 2018-01-01 – 2018-12-31	−USD 71.76 million Exact value Exact value: -71764000 USD 2018-01-01 – 2018-12-31: -71764000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Borqs Technologies, Inc. · 2018-12-31 Borqs Technologies, Inc. (edgar:1650575) Net Income: -71764000 USD Concept: fundies:NetIncome Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3ANetIncome&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:NetIncome: -71764000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390021022875/brqs-20201231.xml#242928 Filing: 000121390021022875 The citation records this snapshot. The page link may show a newer release later.	USD 2.58 million Exact value Exact value: 2581000 USD 2018-01-01 – 2018-12-31: 2581000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Borqs Technologies, Inc. · 2018-12-31 Borqs Technologies, Inc. (edgar:1650575) Operating Cash Flow: 2581000 USD Concept: fundies:OperatingCashFlow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3AOperatingCashFlow&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 2581000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390021022875/brqs-20201231.xml#320405 Filing: 000121390021022875 The citation records this snapshot. The page link may show a newer release later.	USD 155,000 Exact value Exact value: 155000 USD 2018-01-01 – 2018-12-31: 155000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Borqs Technologies, Inc. · 2018-12-31 Borqs Technologies, Inc. (edgar:1650575) Capital Expenditure: 155000 USD Concept: fundies:CapitalExpenditure Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3ACapitalExpenditure&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 155000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390021022875/brqs-20201231.xml#320956 Filing: 000121390021022875 The citation records this snapshot. The page link may show a newer release later.	USD 2.43 million Calculation and evidence 2581000 − 155000 USD Exact free cash flow: 2426000 USD 2018-01-01 – 2018-12-31: 2581000 USD · Inspect Operating Cash Flow · Source 2018-01-01 – 2018-12-31: 155000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Borqs Technologies, Inc. · 2018-12-31 Borqs Technologies, Inc. (edgar:1650575) Free cash flow: 2426000 USD Concept: free-cash-flow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 2581000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390021022875/brqs-20201231.xml#320405 Filing: 000121390021022875 Input fundies:CapitalExpenditure: 155000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390021022875/brqs-20201231.xml#320956 Filing: 000121390021022875 The citation records this snapshot. The page link may show a newer release later.
2019 2019-01-01 – 2019-12-31	−USD 35.73 million Exact value Exact value: -35734000 USD 2019-01-01 – 2019-12-31: -35734000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Borqs Technologies, Inc. · 2019-12-31 Borqs Technologies, Inc. (edgar:1650575) Net Income: -35734000 USD Concept: fundies:NetIncome Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3ANetIncome&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:NetIncome: -35734000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390022023159/f20f2021_borqstech.htm#1459363 Filing: 000121390022023159 The citation records this snapshot. The page link may show a newer release later.	−USD 7.37 million Exact value Exact value: -7373000 USD 2019-01-01 – 2019-12-31: -7373000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Borqs Technologies, Inc. · 2019-12-31 Borqs Technologies, Inc. (edgar:1650575) Operating Cash Flow: -7373000 USD Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -7373000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390022023159/f20f2021_borqstech.htm#1499560 Filing: 000121390022023159 The citation records this snapshot. The page link may show a newer release later.	USD 117,000 Exact value Exact value: 117000 USD 2019-01-01 – 2019-12-31: 117000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Borqs Technologies, Inc. · 2019-12-31 Borqs Technologies, Inc. (edgar:1650575) Capital Expenditure: 117000 USD Concept: fundies:CapitalExpenditure Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3ACapitalExpenditure&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 117000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390022023159/f20f2021_borqstech.htm#1502059 Filing: 000121390022023159 The citation records this snapshot. The page link may show a newer release later.	−USD 7.49 million Calculation and evidence -7373000 − 117000 USD Exact free cash flow: -7490000 USD 2019-01-01 – 2019-12-31: -7373000 USD · Inspect Operating Cash Flow · Source 2019-01-01 – 2019-12-31: 117000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Borqs Technologies, Inc. · 2019-12-31 Borqs Technologies, Inc. (edgar:1650575) Free cash flow: -7490000 USD Concept: free-cash-flow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -7373000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390022023159/f20f2021_borqstech.htm#1499560 Filing: 000121390022023159 Input fundies:CapitalExpenditure: 117000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390022023159/f20f2021_borqstech.htm#1502059 Filing: 000121390022023159 The citation records this snapshot. The page link may show a newer release later.
2020 2020-01-01 – 2020-12-31	−USD 34.79 million Exact value Exact value: -34787000 USD 2020-01-01 – 2020-12-31: -34787000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Borqs Technologies, Inc. · 2020-12-31 Borqs Technologies, Inc. (edgar:1650575) Net Income: -34787000 USD Concept: fundies:NetIncome Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3ANetIncome&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:NetIncome: -34787000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390023039729/f20f2022_borqstech.htm#1639480 Filing: 000121390023039729 The citation records this snapshot. The page link may show a newer release later.	−USD 8.06 million Exact value Exact value: -8059000 USD 2020-01-01 – 2020-12-31: -8059000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Borqs Technologies, Inc. · 2020-12-31 Borqs Technologies, Inc. (edgar:1650575) Operating Cash Flow: -8059000 USD Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -8059000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390023039729/f20f2022_borqstech.htm#1679247 Filing: 000121390023039729 The citation records this snapshot. The page link may show a newer release later.	USD 72,000 Exact value Exact value: 72000 USD 2020-01-01 – 2020-12-31: 72000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Borqs Technologies, Inc. · 2020-12-31 Borqs Technologies, Inc. (edgar:1650575) Capital Expenditure: 72000 USD Concept: fundies:CapitalExpenditure Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3ACapitalExpenditure&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 72000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390023039729/f20f2022_borqstech.htm#1681668 Filing: 000121390023039729 The citation records this snapshot. The page link may show a newer release later.	−USD 8.13 million Calculation and evidence -8059000 − 72000 USD Exact free cash flow: -8131000 USD 2020-01-01 – 2020-12-31: -8059000 USD · Inspect Operating Cash Flow · Source 2020-01-01 – 2020-12-31: 72000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Borqs Technologies, Inc. · 2020-12-31 Borqs Technologies, Inc. (edgar:1650575) Free cash flow: -8131000 USD Concept: free-cash-flow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -8059000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390023039729/f20f2022_borqstech.htm#1679247 Filing: 000121390023039729 Input fundies:CapitalExpenditure: 72000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390023039729/f20f2022_borqstech.htm#1681668 Filing: 000121390023039729 The citation records this snapshot. The page link may show a newer release later.
2021 2021-01-01 – 2021-12-31	−USD 55.87 million Exact value Exact value: -55865000 USD 2021-01-01 – 2021-12-31: -55865000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Borqs Technologies, Inc. · 2021-12-31 Borqs Technologies, Inc. (edgar:1650575) Net Income: -55865000 USD Concept: fundies:NetIncome Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3ANetIncome&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:NetIncome: -55865000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390024042975/ea0205604-20f_borqstech.htm#1321724 Filing: 000121390024042975 The citation records this snapshot. The page link may show a newer release later.	−USD 28.74 million Exact value Exact value: -28738000 USD 2021-01-01 – 2021-12-31: -28738000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Borqs Technologies, Inc. · 2021-12-31 Borqs Technologies, Inc. (edgar:1650575) Operating Cash Flow: -28738000 USD Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -28738000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390024042975/ea0205604-20f_borqstech.htm#1602020 Filing: 000121390024042975 The citation records this snapshot. The page link may show a newer release later.	USD 781,000 Exact value Exact value: 781000 USD 2021-01-01 – 2021-12-31: 781000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Borqs Technologies, Inc. · 2021-12-31 Borqs Technologies, Inc. (edgar:1650575) Capital Expenditure: 781000 USD Concept: fundies:CapitalExpenditure Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3ACapitalExpenditure&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 781000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390024042975/ea0205604-20f_borqstech.htm#1604777 Filing: 000121390024042975 The citation records this snapshot. The page link may show a newer release later.	−USD 29.52 million Calculation and evidence -28738000 − 781000 USD Exact free cash flow: -29519000 USD 2021-01-01 – 2021-12-31: -28738000 USD · Inspect Operating Cash Flow · Source 2021-01-01 – 2021-12-31: 781000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Borqs Technologies, Inc. · 2021-12-31 Borqs Technologies, Inc. (edgar:1650575) Free cash flow: -29519000 USD Concept: free-cash-flow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -28738000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390024042975/ea0205604-20f_borqstech.htm#1602020 Filing: 000121390024042975 Input fundies:CapitalExpenditure: 781000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390024042975/ea0205604-20f_borqstech.htm#1604777 Filing: 000121390024042975 The citation records this snapshot. The page link may show a newer release later.
2022 2022-01-01 – 2022-12-31	−USD 34.03 million Exact value Exact value: -34032000 USD 2022-01-01 – 2022-12-31: -34032000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Borqs Technologies, Inc. · 2022-12-31 Borqs Technologies, Inc. (edgar:1650575) Net Income: -34032000 USD Concept: fundies:NetIncome Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3ANetIncome&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:NetIncome: -34032000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390025043752/ea0241807-20f_borqstech.htm#1248807 Filing: 000121390025043752 The citation records this snapshot. The page link may show a newer release later.	−USD 5.52 million Exact value Exact value: -5523000 USD 2022-01-01 – 2022-12-31: -5523000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Borqs Technologies, Inc. · 2022-12-31 Borqs Technologies, Inc. (edgar:1650575) Operating Cash Flow: -5523000 USD Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -5523000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390025043752/ea0241807-20f_borqstech.htm#1451612 Filing: 000121390025043752 The citation records this snapshot. The page link may show a newer release later.	USD 718,000 Exact value Exact value: 718000 USD 2022-01-01 – 2022-12-31: 718000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Borqs Technologies, Inc. · 2022-12-31 Borqs Technologies, Inc. (edgar:1650575) Capital Expenditure: 718000 USD Concept: fundies:CapitalExpenditure Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3ACapitalExpenditure&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 718000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390025043752/ea0241807-20f_borqstech.htm#1454309 Filing: 000121390025043752 The citation records this snapshot. The page link may show a newer release later.	−USD 6.24 million Calculation and evidence -5523000 − 718000 USD Exact free cash flow: -6241000 USD 2022-01-01 – 2022-12-31: -5523000 USD · Inspect Operating Cash Flow · Source 2022-01-01 – 2022-12-31: 718000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Borqs Technologies, Inc. · 2022-12-31 Borqs Technologies, Inc. (edgar:1650575) Free cash flow: -6241000 USD Concept: free-cash-flow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -5523000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390025043752/ea0241807-20f_borqstech.htm#1451612 Filing: 000121390025043752 Input fundies:CapitalExpenditure: 718000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390025043752/ea0241807-20f_borqstech.htm#1454309 Filing: 000121390025043752 The citation records this snapshot. The page link may show a newer release later.
2023 2023-01-01 – 2023-12-31	−USD 26.47 million Exact value Exact value: -26467000 USD 2023-01-01 – 2023-12-31: -26467000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Borqs Technologies, Inc. · 2023-12-31 Borqs Technologies, Inc. (edgar:1650575) Net Income: -26467000 USD Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3ANetIncome&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:NetIncome: -26467000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390026057706/ea0290163-20f_borqstech.htm#1096067 Filing: 000121390026057706 The citation records this snapshot. The page link may show a newer release later.	−USD 6.79 million Exact value Exact value: -6789000 USD 2023-01-01 – 2023-12-31: -6789000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Borqs Technologies, Inc. · 2023-12-31 Borqs Technologies, Inc. (edgar:1650575) Operating Cash Flow: -6789000 USD Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -6789000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390026057706/ea0290163-20f_borqstech.htm#1282438 Filing: 000121390026057706 The citation records this snapshot. The page link may show a newer release later.	USD 250,000 Exact value Exact value: 250000 USD 2023-01-01 – 2023-12-31: 250000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Borqs Technologies, Inc. · 2023-12-31 Borqs Technologies, Inc. (edgar:1650575) Capital Expenditure: 250000 USD Concept: fundies:CapitalExpenditure Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3ACapitalExpenditure&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 250000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390026057706/ea0290163-20f_borqstech.htm#1285251 Filing: 000121390026057706 The citation records this snapshot. The page link may show a newer release later.	−USD 7.04 million Calculation and evidence -6789000 − 250000 USD Exact free cash flow: -7039000 USD 2023-01-01 – 2023-12-31: -6789000 USD · Inspect Operating Cash Flow · Source 2023-01-01 – 2023-12-31: 250000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Borqs Technologies, Inc. · 2023-12-31 Borqs Technologies, Inc. (edgar:1650575) Free cash flow: -7039000 USD Concept: free-cash-flow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -6789000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390026057706/ea0290163-20f_borqstech.htm#1282438 Filing: 000121390026057706 Input fundies:CapitalExpenditure: 250000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390026057706/ea0290163-20f_borqstech.htm#1285251 Filing: 000121390026057706 The citation records this snapshot. The page link may show a newer release later.
2024 2024-01-01 – 2024-12-31	USD 16.7 million Exact value Exact value: 16697000 USD 2024-01-01 – 2024-12-31: 16697000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Borqs Technologies, Inc. · 2024-12-31 Borqs Technologies, Inc. (edgar:1650575) Net Income: 16697000 USD Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3ANetIncome&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:NetIncome: 16697000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390026057706/ea0290163-20f_borqstech.htm#1096494 Filing: 000121390026057706 The citation records this snapshot. The page link may show a newer release later.	−USD 2.77 million Exact value Exact value: -2769000 USD 2024-01-01 – 2024-12-31: -2769000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Borqs Technologies, Inc. · 2024-12-31 Borqs Technologies, Inc. (edgar:1650575) Operating Cash Flow: -2769000 USD Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -2769000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390026057706/ea0290163-20f_borqstech.htm#1282894 Filing: 000121390026057706 The citation records this snapshot. The page link may show a newer release later.	USD 114,000 Exact value Exact value: 114000 USD 2024-01-01 – 2024-12-31: 114000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Borqs Technologies, Inc. · 2024-12-31 Borqs Technologies, Inc. (edgar:1650575) Capital Expenditure: 114000 USD Concept: fundies:CapitalExpenditure Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3ACapitalExpenditure&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 114000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390026057706/ea0290163-20f_borqstech.htm#1285575 Filing: 000121390026057706 The citation records this snapshot. The page link may show a newer release later.	−USD 2.88 million Calculation and evidence -2769000 − 114000 USD Exact free cash flow: -2883000 USD 2024-01-01 – 2024-12-31: -2769000 USD · Inspect Operating Cash Flow · Source 2024-01-01 – 2024-12-31: 114000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Borqs Technologies, Inc. · 2024-12-31 Borqs Technologies, Inc. (edgar:1650575) Free cash flow: -2883000 USD Concept: free-cash-flow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -2769000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390026057706/ea0290163-20f_borqstech.htm#1282894 Filing: 000121390026057706 Input fundies:CapitalExpenditure: 114000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390026057706/ea0290163-20f_borqstech.htm#1285575 Filing: 000121390026057706 The citation records this snapshot. The page link may show a newer release later.
2025 2025-01-01 – 2025-12-31	USD 5.37 million Exact value Exact value: 5365000 USD 2025-01-01 – 2025-12-31: 5365000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Borqs Technologies, Inc. · 2025-12-31 Borqs Technologies, Inc. (edgar:1650575) Net Income: 5365000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3ANetIncome&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:NetIncome: 5365000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390026057706/ea0290163-20f_borqstech.htm#1096916 Filing: 000121390026057706 The citation records this snapshot. The page link may show a newer release later.	−USD 27.9 million Exact value Exact value: -27899000 USD 2025-01-01 – 2025-12-31: -27899000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Borqs Technologies, Inc. · 2025-12-31 Borqs Technologies, Inc. (edgar:1650575) Operating Cash Flow: -27899000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -27899000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390026057706/ea0290163-20f_borqstech.htm#1283349 Filing: 000121390026057706 The citation records this snapshot. The page link may show a newer release later.	USD 37,000 Exact value Exact value: 37000 USD 2025-01-01 – 2025-12-31: 37000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Borqs Technologies, Inc. · 2025-12-31 Borqs Technologies, Inc. (edgar:1650575) Capital Expenditure: 37000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575/explain?concept=fundies%3ACapitalExpenditure&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 37000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390026057706/ea0290163-20f_borqstech.htm#1285898 Filing: 000121390026057706 The citation records this snapshot. The page link may show a newer release later.	−USD 27.94 million Calculation and evidence -27899000 − 37000 USD Exact free cash flow: -27936000 USD 2025-01-01 – 2025-12-31: -27899000 USD · Inspect Operating Cash Flow · Source 2025-01-01 – 2025-12-31: 37000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Borqs Technologies, Inc. · 2025-12-31 Borqs Technologies, Inc. (edgar:1650575) Free cash flow: -27936000 USD Concept: free-cash-flow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T13:39:14Z Snapshot: f40034e5d78640e5016379d0cc84baba78ee2698c76ab4790a7ff23d125f80e1 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1650575?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -27899000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390026057706/ea0290163-20f_borqstech.htm#1283349 Filing: 000121390026057706 Input fundies:CapitalExpenditure: 37000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1650575/000121390026057706/ea0290163-20f_borqstech.htm#1285898 Filing: 000121390026057706 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

143 filings · 2,061 latest values · 2,061 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001650575, 1650575, BRQS, BRQSF, PAACU, edgar:1650575

Also known as BORQS TECHNOLOGIES, INC., Borqs Technologies, Inc., PACIFIC SPECIAL ACQUISITION CORP., Pacific Special Acquisition Corp.

Borqs Technologies, Inc.

Latest quarter

Revenue

Operating margin

Operating cash flow

Reported share-count change

Trailing twelve months

Revenue

Net income

Operating cash flow

Capital expenditure

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Capital expenditure

Where revenue goes

2025 2025-01-01 – 2025-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation