BILINasdaqServices-Computer Processing & Data PreparationFiscal year ends December 31Also trades as BLBLF

Bilibili Inc.

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 16, 2026

$14.01−0.06 (-0.43%)

Close on Oct 19, 2026

Bilibili Inc. income statement

Millions of CNY, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31
Revenue	30,348	26,832	22,528	21,899	19,384	11,999	6,778	4,129	2,468	523
Cost of Revenue	19,234	18,058	17,086	18,050	15,341	9,159	5,588	3,273	1,919	773
Gross Profit	11,114	8,774	5,442	3,849	4,043	2,840	1,190	855	549	-250
Research & Development	3,533	3,685	4,467	4,765	2,840	1,513	894	537	280	91
Selling, General & Admin	6,456	6,433	6,039	7,442	7,632	4,468	1,791	1,047	493	554
Selling & Marketing	4,394	4,402	3,916	4,921	5,795	3,492	1,199	586	232	103
General & Administrative	2,062	2,031	2,122	2,521	1,838	976	592	461	261	451
Advertising Expenses	3,572	3,562	3,131	4,051	5,103	3,006	935	437	169	81
Operating Expenses	9,990	10,118	10,506	12,207	10,472	5,981	2,685	1,584	773	645
Operating Income	1,124	-1,344	-5,064	-8,358	-6,429	-3,141	-1,495	-729	-224	-895
Interest Expense	151	89	165	251	155	109	47	–	–	–
Other Non-Operating Income	84	-56	331	954	-284	140	227	190	19	-3.67
Asset Impairment Charges	0	0	0	0	0	0	0	0	0	0
Gain (Loss) on Sale of Assets	-3.95	-3.21	-0.65	-0.75	-0.61	–	–	–	–	–
Pretax Income	–	–	–	–	–	–	–	-539	-175	-908
Income Tax Expense	17	-37	79	104	95	53	36	26	8.88	3.14
Net Income incl. Noncontrolling Interests	1,191	-1,364	-4,812	-7,508	-6,809	-3,054	-1,304	-565	-184	-911
Minority Interest in Earnings	-2.59	-17	11	-11	-20	-47	-15	-13	–	-1.43
Net Income	1,194	-1,347	-4,822	–	–	–	–	–	–	–
Net Income to Common	1,215	-1,347	-4,822	-7,497	-6,789	-3,012	-1,289	-616	-572	-1,185
EPS (Basic)(per share)	2.85	-3.23	-11.67	-18.99	-17.87	-8.71	-3.99	-2.64	-8.17	-20.42
EPS (Diluted)(per share)	2.74	-3.23	-11.67	-18.99	-17.87	-8.71	-3.99	-2.64	-8.17	-20.42
Shares Outstanding (Basic, Weighted)(shares)	–	–	–	–	–	–	323	233	70	58
Shares Outstanding (Diluted, Weighted)(shares)	–	–	–	–	–	–	323	233	70	58

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 36.6%
Operating margin: 3.7%
Net margin: 3.9%
Return on equity, FY2025: 8.0%

Financial strength

Current ratio: 1.36
Debt to equity: 0.62
Debt to assets: 23.4%
Cash to current liabilities: 59.9%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.