Borqs Technologies (BRQSF) AI Stock Analysis

Borqs Technologies

(Other OTC:BRQSF)

Select Model

Rating:48Neutral

Price Target:$0.08▼(-1.30% Downside)

Action:reiterated

Date:10/29/26

The score is primarily held back by weak financial performance, driven by sharp revenue contraction, ongoing operating losses (negative EBIT), and persistently negative operating/free cash flow with a large 2025 cash outflow. Technicals also lean bearish with the stock below key moving averages and slightly negative MACD. The main offset is valuation, as the very low P/E suggests the market is pricing in substantial risk.

Positive Factors

Recent Net IncomePositive net income in both 2024 and 2025 marks an improvement from earlier results and provides some evidence of recent bottom-line stabilization. However, this benefit is qualified because operating EBIT remained negative, so the durability of reported profitability still depends on improving core operations.

Negative Factors

Severe Revenue DeclineTwo consecutive years of revenue contraction, culminating in a 59.8% decline in 2025, indicate substantial loss of business scale and customer demand. Prolonged top-line deterioration reduces operating leverage, limits reinvestment capacity, and makes a durable recovery in earnings more difficult.

Borqs Technologies (BRQSF) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $3.50M
Dividend Yield: ―
Average Volume (3M): 10.46K
Price to Earnings (P/E): 0.5
Beta (1Y): 0.96
Revenue Growth: ―
EPS Growth: ―
Country: US
Employees: 13
Sector: Technology
Sector Strength: 61
Industry: Information Technology Services

Borqs Technologies Business Overview & Revenue Model

Company Description

Borqs Technologies, Inc. is a global technology firm that delivers smart connected devices running on the Android operating system, alongside associated cloud service solutions. The company specializes in offering commercial-grade Android platform so...

How the Company Makes Money

Borqs primarily makes money by selling engineering and software services and, where applicable, delivering solution-oriented projects for customers building Android/IoT connected devices. Revenue is generally generated from (1) professional services...

Borqs Technologies Financial Statement Overview

Summary

Net income turned positive in 2024 and remained positive in 2025, but core operations are still weak: EBIT was negative in every year shown and worsened sharply in 2025. Revenue deterioration is severe (down 13.5% in 2024 and down 59.8% in 2025) and gross profit became very thin in 2025. Cash flow is the largest risk, with negative operating cash flow and free cash flow every year and a very large outflow in 2025, raising sustainability concerns despite low leverage and improved (now positive) equity in 2025.

Income Statement

34Negative

Balance Sheet

46Neutral

Cash Flow

18Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	16.81M	13.60M	27.71M	32.05M	52.54M	29.56M
Gross Profit	758.00K	497.00K	5.79M	8.09M	11.12M	2.61M
EBITDA	-12.11M	-17.29M	19.98M	-25.30M	-14.81M	-41.02M
Net Income	6.22M	5.37M	16.70M	-26.47M	-34.03M	-55.87M
Balance Sheet
Total Assets	23.90M	24.64M	25.41M	21.43M	30.14M	53.25M
Cash, Cash Equivalents and Short-Term Investments	14.09M	7.50M	5.85M	4.54M	12.74M	6.12M
Total Debt	27.00K	42.00K	596.00K	5.41M	2.27M	13.39M
Total Liabilities	19.27M	1.61M	29.01M	35.86M	41.30M	70.54M
Stockholders Equity	4.46M	22.82M	-3.40M	-13.62M	-10.79M	-23.25M
Cash Flow
Free Cash Flow	0	-23.32M	-2.88M	-7.04M	-6.24M	-29.52M
Operating Cash Flow	0	-23.28M	-2.77M	-6.79M	-5.52M	-28.74M
Investing Cash Flow	0	25.14M	9.89M	-5.01M	-3.37M	-998.00K
Financing Cash Flow	0	-411.00K	-4.05M	1.84M	14.90M	34.27M

Borqs Technologies Technical Analysis

Technical Analysis SentimentNegative

Last Price0.08

Price Trends

50DMA0.09Negative

100DMA0.10Negative

200DMA0.12Negative

Market Momentum

MACD-0.00Positive

RSI45.54Neutral

STOCH5.88Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BRQSF, the sentiment is Negative. The current price of 0.08 is below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.09, and below the 200-day MA of 0.12, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 45.54 is Neutral, neither overbought nor oversold. The STOCH value of 5.88 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BRQSF.

Borqs Technologies Risk Analysis

Borqs Technologies disclosed 39 risk factors in its most recent earnings report. Borqs Technologies reported the most risks in the "Legal & Regulatory" category.

Legal & Regulatory - Litigation, compliance, new legislation, and taxation risks

Latest Risks Added

0 New Risks

Borqs Technologies Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

BRQSF against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
GLE	54Neutral	$5.59M	-3.85	-16.54%	―	-5.09%	-164.00%
DTST	51Neutral	$6.97M	1.53	71.05%	―	-94.31%	-1884.52%
BRQSF	48Neutral	$3.49M	0.48	55.26%	―	―	―
CYCU	43Neutral	$7.75M	-0.09	-70.61%	―	-43.59%	76.04%

* Technology Sector Average

Performance Comparison

BRQSF and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
BRQSF	Borqs Technologies, Inc.	0.08	-0.04	-35.83%
DTST	Data Storage Corporation	2.98	-1.19	-28.54%
VEEA	Veea Inc.	4.82	-7.12	-59.63%
CYCU	Cycurion, Inc.	2.40	-21.41	-89.92%
ARBB	ARB IOT Group Limited	3.71	-1.81	-32.79%
GLE	Global Engine Group Holding Limited	2.70	-4.11	-60.33%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 29, 2026

Borqs Technologies AI Stock Analysis