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Side-by-side financial comparison of MOGU Inc. (MOGU) and TOP SHIPS INC. (TOPS). Click either name above to swap in a different company.

TOP SHIPS INC. is the larger business by last-quarter revenue ($36.6M vs $19.5M, roughly 1.9× MOGU Inc.). TOP SHIPS INC. runs the higher net margin — -12.2% vs -44.3%, a 32.1% gap on every dollar of revenue.

Mogu Mogu is a brand of fruit-flavoured drink with pieces of nata de coco, produced by Thailand-based Sappe Public Company Limited and exported to many international markets, especially South Korea, the Philippines, Indonesia and France.

Top Ships Inc. is a supply chain maritime transportation operations management company responsible for seaborne trade of raw materials. The company was founded by Evangelos J. Pistiolis on January 10, 2000 and is headquartered in Maroussi, Greece.

MOGU vs TOPS — Head-to-Head

Bigger by revenue
TOPS
TOPS
1.9× larger
TOPS
$36.6M
$19.5M
MOGU
Higher net margin
TOPS
TOPS
32.1% more per $
TOPS
-12.2%
-44.3%
MOGU

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MOGU
MOGU
TOPS
TOPS
Revenue
$19.5M
$36.6M
Net Profit
$-8.6M
$-4.5M
Gross Margin
0.0%
Operating Margin
-71.6%
22.0%
Net Margin
-44.3%
-12.2%
Revenue YoY
-12.4%
Net Profit YoY
-5.0%
EPS (diluted)
$0.00
$-0.96

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MOGU
MOGU
TOPS
TOPS
Q4 25
$36.6M
Q1 25
$19.5M
Q1 24
$22.2M
Net Profit
MOGU
MOGU
TOPS
TOPS
Q4 25
$-4.5M
Q1 25
$-8.6M
Q1 24
$-8.2M
Gross Margin
MOGU
MOGU
TOPS
TOPS
Q4 25
Q1 25
0.0%
Q1 24
0.0%
Operating Margin
MOGU
MOGU
TOPS
TOPS
Q4 25
22.0%
Q1 25
-71.6%
Q1 24
-49.4%
Net Margin
MOGU
MOGU
TOPS
TOPS
Q4 25
-12.2%
Q1 25
-44.3%
Q1 24
-37.0%
EPS (diluted)
MOGU
MOGU
TOPS
TOPS
Q4 25
$-0.96
Q1 25
$0.00
Q1 24
$0.00

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MOGU
MOGU
TOPS
TOPS
Cash + ST InvestmentsLiquidity on hand
$52.3M
$20.4M
Total DebtLower is stronger
$216.6M
Stockholders' EquityBook value
$70.1M
$89.2M
Total Assets
$118.3M
$333.6M
Debt / EquityLower = less leverage
2.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MOGU
MOGU
TOPS
TOPS
Q4 25
$20.4M
Q1 25
$52.3M
Q1 24
$58.2M
Total Debt
MOGU
MOGU
TOPS
TOPS
Q4 25
$216.6M
Q1 25
Q1 24
Stockholders' Equity
MOGU
MOGU
TOPS
TOPS
Q4 25
$89.2M
Q1 25
$70.1M
Q1 24
$81.5M
Total Assets
MOGU
MOGU
TOPS
TOPS
Q4 25
$333.6M
Q1 25
$118.3M
Q1 24
$130.0M
Debt / Equity
MOGU
MOGU
TOPS
TOPS
Q4 25
2.43×
Q1 25
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MOGU
MOGU
TOPS
TOPS
Operating Cash FlowLast quarter
$-9.4M
$26.4M
Free Cash FlowOCF − Capex
$-10.7M
FCF MarginFCF / Revenue
-55.2%
Capex IntensityCapex / Revenue
7.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MOGU
MOGU
TOPS
TOPS
Q4 25
$26.4M
Q1 25
$-9.4M
Q1 24
$-5.6M
Free Cash Flow
MOGU
MOGU
TOPS
TOPS
Q4 25
Q1 25
$-10.7M
Q1 24
$-18.6M
FCF Margin
MOGU
MOGU
TOPS
TOPS
Q4 25
Q1 25
-55.2%
Q1 24
-84.0%
Capex Intensity
MOGU
MOGU
TOPS
TOPS
Q4 25
Q1 25
7.1%
Q1 24
58.7%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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