BILI · CIK 0001723690

Bilibili Inc.

Annual figures as reported, FY2015–FY2025. Ratios and growth rates derived on-page.

Revenue

CN¥30.3B

▲ +13.1% vs FY2024

Net income

CN¥1.2B

▲ +188.6% vs FY2024

Free cash flow

CN¥6.6B

▲ +19.5% vs FY2024

Diluted EPS

CN¥2.74

▲ +184.8% vs FY2024

Revenue

Annual, as reported

Net income

Losses shown in terracotta

Profitability & returns

quality of earnings

Margins

Share of revenue kept at each line

Gross marginOperating marginNet margin

Returns on capital

Net income vs year-end equity and assets

Return on equityReturn on assets

Cash flow

cash generation

Free cash flow

Operating cash flow less capital expenditure

Operating cash flow

Net cash from operations

Shareholder returns

capital allocation

Capital returned

Cash paid out as dividends and share repurchases

Buybacks

Balance sheet

financial position

Stockholders’ equity

At fiscal year end

Net debt

Long-term debt less cash — negative means net cash

Growth rates

compounding, annualized

Revenue CAGR

+11.5%

+20.4%

Free cash flow CAGR

+113.1%

Key ratios

derived per fiscal year

Fiscal year	Gross margin	Op. margin	Net margin	FCF margin	ROE	ROA	Current ratio	Debt / equity
FY2025	36.6%	3.7%	3.9%	21.9%	7.7%	2.9%	1.36×	0.31×
FY2024	32.7%	−5.0%	−5.0%	20.7%	−9.5%	−4.1%	1.34×	0.23×
FY2023	24.2%	−22.5%	−21.4%	0.4%	−33.5%	−14.5%	1.03×	0.00×
FY2022	17.6%	−38.2%	−34.3%	−21.3%	−49.3%	−17.9%	1.43×	0.57×
FY2021	20.9%	−33.2%	−35.1%	−18.6%	−31.4%	−13.1%	3.02×	0.82×
FY2020	23.7%	−26.2%	−25.5%	1.3%	−40.2%	−12.8%	2.13×	1.10×
FY2019	17.6%	−22.1%	−19.2%	−1.5%	−18.5%	−8.4%	2.42×	0.48×
FY2018	20.7%	−17.7%	−13.7%	10.7%	−8.1%	−5.4%	1.99×	—
FY2017	22.2%	−9.1%	−7.4%	12.9%	—	−5.3%	1.54×	—
FY2016	−47.7%	−171.0%	−174.2%	−46.1%	—	—	—	—
FY2015	—	—	—	—	—	—	—	—

Annual figures

as reported

Fiscal year	Revenue	Gross profit	Op. income	Net income	Diluted EPS	Op. cash flow	Capex	Total assets	Liabilities	Equity	Cash	LT debt
FY2025	CN¥30.3B	CN¥11.1B	CN¥1.1B	CN¥1.2B	CN¥2.74	CN¥7.1B	CN¥512.9M	CN¥41.2B	CN¥25.6B	CN¥15.6B	CN¥12.2B	CN¥4.8B
FY2024	CN¥26.8B	CN¥8.8B	−CN¥1.3B	−CN¥1.3B	−CN¥3.23	CN¥6.0B	CN¥465.4M	CN¥32.7B	CN¥18.6B	CN¥14.1B	CN¥10.2B	CN¥3.3B
FY2023	CN¥22.5B	CN¥5.4B	−CN¥5.1B	−CN¥4.8B	−CN¥11.67	CN¥266.6M	CN¥181.9M	CN¥33.2B	CN¥18.8B	CN¥14.4B	CN¥7.2B	CN¥646K
FY2022	CN¥21.9B	CN¥3.8B	−CN¥8.4B	−CN¥7.5B	−CN¥18.99	−CN¥3.9B	CN¥760.4M	CN¥41.8B	CN¥26.6B	CN¥15.2B	CN¥10.2B	CN¥8.7B
FY2021	CN¥19.4B	CN¥4.0B	−CN¥6.4B	−CN¥6.8B	−CN¥17.87	−CN¥2.6B	CN¥965.4M	CN¥52.1B	CN¥30.3B	CN¥21.7B	CN¥7.5B	CN¥17.8B
FY2020	CN¥12.0B	CN¥2.8B	−CN¥3.1B	−CN¥3.1B	−CN¥8.71	CN¥753.1M	CN¥602.1M	CN¥23.9B	CN¥16.1B	CN¥7.6B	CN¥4.7B	CN¥8.3B
FY2019	CN¥6.8B	CN¥1.2B	−CN¥1.5B	−CN¥1.3B	−CN¥3.99	CN¥194.6M	CN¥296.0M	CN¥15.5B	CN¥7.9B	CN¥7.1B	CN¥5.0B	CN¥3.4B
FY2018	CN¥4.1B	CN¥855.4M	−CN¥729.0M	−CN¥565.0M	−CN¥2.64	CN¥737.3M	CN¥293.6M	CN¥10.5B	CN¥3.3B	CN¥7.0B	CN¥3.5B	—
FY2017	CN¥2.5B	CN¥549.2M	−CN¥224.3M	−CN¥183.8M	−CN¥8.17	CN¥464.6M	CN¥144.9M	CN¥3.5B	CN¥1.4B	−CN¥1.9B	CN¥762.9M	—
FY2016	CN¥523.3M	−CN¥249.5M	−CN¥894.7M	−CN¥911.5M	−CN¥20.42	−CN¥199.0M	CN¥42.2M	—	—	−CN¥1.3B	CN¥387.2M	—
FY2015	—	—	—	—	—	—	—	—	—	−CN¥545.7M	CN¥689.7M	—

Latest filings

the most recent regulatory filings

6-KForeign issuer report2026-06-30 ↗6-KForeign issuer report2026-06-26 ↗6-KForeign issuer report2026-06-24 ↗6-KForeign issuer report2026-06-17 ↗6-KForeign issuer report2026-06-05 ↗6-KForeign issuer report2026-05-19 ↗6-KForeign issuer report2026-05-08 ↗SCHEDULE 13GSEC filing2026-04-28 ↗6-KForeign issuer report2026-04-28 ↗6-KForeign issuer report2026-04-16 ↗

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Fiscal year

Gross margin

Op. margin

Net margin

FCF margin

ROE

ROA

Current ratio

Debt / equity

FY2025

36.6%

3.7%

3.9%

21.9%

7.7%

2.9%

1.36×

0.31×

FY2024

32.7%

−5.0%

20.7%

−9.5%

−4.1%

1.34×

0.23×

FY2023

24.2%

−22.5%

−21.4%

0.4%

−33.5%

−14.5%

1.03×

0.00×

FY2022

17.6%

−38.2%

−34.3%

−21.3%

−49.3%

−17.9%

1.43×

0.57×

FY2021

20.9%

−33.2%

−35.1%

−18.6%

−31.4%

−13.1%

3.02×

0.82×

FY2020

23.7%

−26.2%

−25.5%

1.3%

−40.2%

−12.8%

2.13×

1.10×

FY2019

17.6%

−22.1%

−19.2%

−1.5%

−18.5%

−8.4%

2.42×

0.48×

FY2018

20.7%

−17.7%

−13.7%

10.7%

−8.1%

−5.4%

1.99×

—

FY2017

22.2%

−9.1%

−7.4%

12.9%

—

−5.3%

1.54×

—

FY2016

−47.7%

−171.0%

−174.2%

−46.1%

—

FY2015

—

Fiscal year

Revenue

Gross profit

Op. income

Net income

Diluted EPS

Op. cash flow

Capex

Total assets

Liabilities

Equity

Cash

LT debt

FY2025

CN¥30.3B

CN¥11.1B

CN¥1.1B

CN¥1.2B

CN¥2.74

CN¥7.1B

CN¥512.9M

CN¥41.2B

CN¥25.6B

CN¥15.6B

CN¥12.2B

CN¥4.8B

FY2024

CN¥26.8B

CN¥8.8B

−CN¥1.3B

−CN¥3.23

CN¥6.0B

CN¥465.4M

CN¥32.7B

CN¥18.6B

CN¥14.1B

CN¥10.2B

CN¥3.3B

FY2023

CN¥22.5B

CN¥5.4B

−CN¥5.1B

−CN¥4.8B

−CN¥11.67

CN¥266.6M

CN¥181.9M

CN¥33.2B

CN¥18.8B

CN¥14.4B

CN¥7.2B

CN¥646K

FY2022

CN¥21.9B

CN¥3.8B

−CN¥8.4B

−CN¥7.5B

−CN¥18.99

−CN¥3.9B

CN¥760.4M

CN¥41.8B

CN¥26.6B

CN¥15.2B

CN¥10.2B

CN¥8.7B

FY2021

CN¥19.4B

CN¥4.0B

−CN¥6.4B

−CN¥6.8B

−CN¥17.87

−CN¥2.6B

CN¥965.4M

CN¥52.1B

CN¥30.3B

CN¥21.7B

CN¥7.5B

CN¥17.8B

FY2020

CN¥12.0B

CN¥2.8B

−CN¥3.1B

−CN¥8.71

CN¥753.1M

CN¥602.1M

CN¥23.9B

CN¥16.1B

CN¥7.6B

CN¥4.7B

CN¥8.3B

FY2019

CN¥6.8B

CN¥1.2B

−CN¥1.5B

−CN¥1.3B

−CN¥3.99

CN¥194.6M

CN¥296.0M

CN¥15.5B

CN¥7.9B

CN¥7.1B

CN¥5.0B

CN¥3.4B

FY2018

CN¥4.1B

CN¥855.4M

−CN¥729.0M

−CN¥565.0M

−CN¥2.64

CN¥737.3M

CN¥293.6M

CN¥10.5B

CN¥3.3B

CN¥7.0B

CN¥3.5B

—

FY2017

CN¥2.5B

CN¥549.2M

−CN¥224.3M

−CN¥183.8M

−CN¥8.17

CN¥464.6M

CN¥144.9M

CN¥3.5B

CN¥1.4B

−CN¥1.9B

CN¥762.9M

—

FY2016

CN¥523.3M

−CN¥249.5M

−CN¥894.7M

−CN¥911.5M

−CN¥20.42

−CN¥199.0M

CN¥42.2M

—

−CN¥1.3B

CN¥387.2M

—

FY2015

—

−CN¥545.7M

CN¥689.7M

—