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Bilibili Inc. (BILI)

Bilibili Inc. files a 20-F with the SEC once a year, in renminbi. In the year to 31 December 2025 it reported revenue of CNY 30,348 million, up 13.1% on the year before. Its profit attributable to shareholders was CNY 1,194 million, and diluted earnings per share CNY 2.74.

Earnings per share are per ordinary share, in renminbi. The share that trades in the US can be a depositary share standing for more or fewer ordinary shares, so no price ratio is worked out on this page.

The public record on BILI

Planned insider sales3 Form 144 notices in twelve months, $48.5 million; latest 11 March 2026
Options tapeput/call 0.43 by open interest on 26 September 2026; the straddle prices a 8.4% move to 16 October 2026
Holders8 of the followed funds hold it; largest Citadel Advisors; 5 Schedule 13D or 13G filings in twelve months
Congress0 House trades disclosed in six months
Short interest24.6 million shares short, 6.00 days to cover at 15 September 2026

Profit and loss, 10 fiscal years

Year toDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
Revenue30,34826,83222,52821,89919,38411,9996,7784,1292,468523
Cost of sales19,23418,05817,08618,05015,3419,1595,5883,2731,919773
Gross profit11,1148,7745,4423,8494,0432,8401,190855549-250
Research and development3,5333,6854,4674,7652,8401,51389453728091.2
Operating profit1,124-1,344-5,064-8,358-6,429-3,141-1,495-729-224-895
Profit before taxn/an/an/an/an/an/an/a-539-175-908
Income tax17.1-36.578.710495.353.435.926.08.93.1
Profit for the year1,191-1,364-4,812-7,508-6,809-3,054-1,304-565-184-911
Profit attributable to shareholders1,194-1,347-4,822-7,497-6,789-3,012-1,289-616-572-1,185

CNY million, from each year's annual report on the SEC's EDGAR, the year linked to its filing, on the US GAAP tags the company filed. A line the company does not file under the standard tag is left out rather than estimated. For Dec 2016, Dec 2017, Dec 2018, Dec 2019, Dec 2020, Dec 2021, Dec 2022 the company files only its profit available to ordinary shareholders, after amounts due to holders of preference shares, and that is the figure shown; the other years are the profit attributable to the parent's shareholders. Profit for the year includes the part that belongs to minority shareholders; profit attributable to shareholders is the part EPS is struck on.

Year toDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
Diluted EPS2.74-3.23-11.67-18.99-17.87-8.71-3.99-2.64-8.17-20.42
Basic EPS2.85-3.23-11.67-18.99-17.87-8.71-3.99-2.64-8.17-20.42

CNY per ordinary share, as filed.

Cash flow

Year toDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
Cash from operations7,1476,015267-3,911-2,647753195737465-199
Purchase of property, plant and equipment51346518276096560229629414542.2
Free cash flow6,6345,54984.7-4,672-3,612151-101444320-241

CNY million. Purchase of property, plant and equipment is the cash line as filed; purchases of intangible assets and acquisitions are not in it. Free cash flow is cash from operations less that purchase, arithmetic on the two filed lines.

Balance sheet at year end

Year toDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
Total assets41,16832,69833,15941,83152,05323,86615,51710,4903,474n/a
Equity attributable to shareholders15,57314,10814,39215,23821,7047,6007,0526,951-1,940-1,323
Cash and cash equivalents12,18410,2497,19210,1737,5234,6784,9633,540763387
Trade and other receivables1,2681,2271,5741,3291,3821,054745324393n/a
Inventories21225518643745616069.955.010.0n/a
Goodwill2,8182,7252,7252,7252,3381,2961,01294151.051.0

CNY million, at each fiscal year end. Borrowings is the company's own stated total where it files one; it is never added up from its parts here.

Ratios on the filed lines

Year toDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
Gross margin36.6%32.7%24.2%17.6%20.9%23.7%17.6%20.7%22.2%-47.7%
Operating margin3.7%-5.0%-22.5%-38.2%-33.2%-26.2%-22.1%-17.7%-9.1%-171.0%
Net margin3.9%-5.0%-21.4%-34.2%-35.0%-25.1%-19.0%-14.9%-23.2%-226.5%
Free cash flow margin21.9%20.7%0.4%-21.3%-18.6%1.3%-1.5%10.7%12.9%-46.1%
Return on year-end equity7.7%-9.5%-33.5%-49.2%-31.3%-39.6%-18.3%-8.9%n/an/a

Arithmetic on the filed lines of the same year: margins over revenue, return on equity as profit attributable to shareholders over year-end equity, tax over profit before tax.

Annual reports on EDGAR

FormYear toFiled
20-F31 December 202516 April 2026EDGAR
20-F31 December 202425 March 2025EDGAR
20-F31 December 202327 March 2024EDGAR
20-F31 December 202227 April 2023EDGAR
20-F31 December 202125 April 2022EDGAR
20-F31 December 20205 March 2021EDGAR
20-F31 December 201927 March 2020EDGAR
20-F/A31 December 201812 April 2019EDGAR
20-F31 December 201829 March 2019EDGAR

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