Aurora Mobile Limited

Software - Infrastructure · Technology

Price

$3.96

+0.13 (+3.39%)

Market Cap

$23.6M

Exchange

NASDAQ Global Market

Winston Score

Winston is curious

Mixed quality — meaningful strengths and weaknesses.

Share count rising — dilution

+2.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 5.9M (2021) → 6.0M (2025)

Aurora Mobile Limited is a Chinese technology company that helps app developers send push notifications and messages to users on mobile devices. Its main product, JPush, is one of China's most widely used push notification platforms, serving thousands of mobile apps across industries like e-commerce, finance, and gaming. The company also offers data analytics tools that help businesses understand how people use their apps.

Aurora Mobile makes money by charging developers and businesses for access to its messaging and analytics services, mostly through subscription and usage-based fees. It operates almost entirely in China and works with a large number of app developers, giving it a broad data network that is difficult for smaller rivals to replicate quickly. However, the company faces real risks from tighter Chinese data privacy regulations and intense competition from larger tech platforms that offer similar tools bundled into bigger ecosystems.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+4.2% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+139.5% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

↓ Declining (-100% vs prior year)

0.0% of revenue

Below sector average (15%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

8.7%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$253M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Aurora Mobile Limited is growing revenue at 4% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin

71.0%

Premium pricing power — 71.0% gross margin

Operating Margin

0.2%

Thin — 0.2% operating margin

ROCE

0.3%

Weak — 0.3% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY

+10.7%

Steady sales growth (10.7% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Cash Conversion

5912%

Turns 5912% of profit into real cash

FCF Margin

-23.1%

Burning cash (-23.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.06

Conservative — low debt load (0.06)

Interest Cover

28.27x

Comfortably covers interest (28.3x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)

6.1x

Attractive valuation — P/E 6.1

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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