Bilibili Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	30,348	26,832	22,528	21,899	19,384
Revenue Growth (YoY)	13.11%	19.10%	2.87%	12.98%	61.54%
Cost of Revenue	19,234	18,058	17,086	18,050	15,341
Gross Profit	11,114	8,774	5,442	3,849	4,043
Selling, General & Admin	6,456	6,433	6,039	7,442	7,632
Research & Development	3,533	3,685	4,467	4,765	2,840
Total Operating Expenses	9,990	10,118	10,506	12,207	10,472
Operating Income	1,124	-1,344	-5,064	-8,358	-6,429
Interest Income	431.85	434.98	542.47	281.05	70.37
Interest Expense	-150.57	-89.19	-164.93	-250.92	-155.47
Other Non-Operating Income (Expense)	-197.64	-402.01	-46.37	924.31	-199.28
Total Non-Operating Income (Expense)	83.64	-56.23	331.18	954.44	-284.38
Pretax Income	1,208	-1,400	-4,733	-7,404	-6,713
Provision for Income Taxes	17.15	-36.54	78.71	104.15	95.29
Net Income	1,194	-1,347	-4,822	-7,497	-6,789
Minority Interest in Earnings	-2.59	-16.85	10.61	-10.64	-19.51
Net Income to Common	1,194	-1,347	-4,822	-7,497	-6,789
Shares Outstanding (Basic)	419	416	413	395	380
Shares Outstanding (Diluted)	444	416	413	395	380
Shares Change (YoY)	6.62%	0.79%	4.65%	3.94%	9.86%
EPS (Basic)	2.85	-3.23	-11.67	-18.99	-17.87
EPS (Diluted)	2.74	-3.23	-11.67	-18.99	-17.87
Shares Outstanding	414.72	416.55	412.16	391.94	390.61
Free Cash Flow	6,634	5,549	84.73	-4,672	-3,612
Free Cash Flow Growth	19.55%	6450.00%	-	-	-
Free Cash Flow Per Share	14.94	13.33	0.21	-11.83	-9.51
Gross Margin	36.62%	32.70%	24.16%	17.58%	20.86%
Operating Margin	3.71%	-5.01%	-22.48%	-38.17%	-33.17%
Profit Margin	3.92%	-5.08%	-21.36%	-34.28%	-35.13%
FCF Margin	21.86%	20.68%	0.38%	-21.33%	-18.64%
EBITDA	3,312	1,157	-2,165	-4,792	-3,825
EBITDA Margin	10.91%	4.31%	-9.61%	-21.88%	-19.73%
EBIT	1,124	-1,344	-5,064	-8,358	-6,429
EBIT Margin	3.71%	-5.01%	-22.48%	-38.17%	-33.17%
Effective Tax Rate	1.42%	2.61%	-1.66%	-1.41%	-1.42%

Updated Mar 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q