Bilibili Inc (BILI) Income Statement
BILI 2025 at a glance
Fiscal year ended December 31, 2025 · Chinese yuanBILI revenue and net income
Where BILI's revenue goes
2025Each bar shows an amount and its share of revenue. BILI kept 3.9% of revenue as net income.
BILI profit margins
BILI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +10.0% | +10.5% | +19.7% | +71.9% |
| Gross profit | +24.8% | +41.7% | +31.0% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BILI income statement in Chinese yuan
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥29.52B | CN¥26.83B | CN¥22.53B | CN¥21.90B | CN¥19.38B | CN¥12.00B | CN¥6.78B | CN¥4.13B | CN¥2.47B | CN¥523.3M |
| Cost of revenue | CN¥18.57B | CN¥18.06B | CN¥17.09B | CN¥18.05B | CN¥15.34B | CN¥9.16B | CN¥5.59B | CN¥3.27B | CN¥1.92B | CN¥772.8M |
| Gross profit | CN¥10.95B | CN¥8.77B | CN¥5.44B | CN¥3.85B | CN¥4.04B | CN¥2.84B | CN¥1.19B | CN¥855.4M | CN¥549.2M | −CN¥249.5M |
| Research & development | CN¥3.44B | CN¥3.69B | CN¥4.47B | CN¥4.77B | CN¥2.84B | CN¥1.51B | CN¥894.4M | CN¥537.5M | CN¥280.1M | CN¥91.2M |
| Sales, general & admin | CN¥6.46B | CN¥6.43B | CN¥6.04B | CN¥7.44B | CN¥7.63B | CN¥4.47B | CN¥1.79B | CN¥1.05B | CN¥493.4M | CN¥554.0M |
| Total operating expenses | CN¥9.86B | CN¥10.12B | CN¥10.51B | CN¥12.21B | CN¥10.47B | CN¥5.98B | CN¥2.69B | CN¥1.58B | CN¥773.5M | CN¥645.2M |
| Operating income | CN¥1.09B | −CN¥1.34B | −CN¥5.06B | −CN¥8.36B | −CN¥6.43B | −CN¥3.14B | −CN¥1.50B | −CN¥729.0M | −CN¥224.3M | −CN¥894.7M |
| Interest income | CN¥431.8M | CN¥435.0M | CN¥542.5M | CN¥281.1M | CN¥70.4M | CN¥83.3M | CN¥162.8M | CN¥68.7M | CN¥1.5M | CN¥1.5M |
| Interest expense | CN¥146.5M | CN¥89.2M | CN¥164.9M | CN¥250.9M | CN¥155.5M | CN¥108.5M | CN¥46.5M | CN¥0 | CN¥0 | CN¥0 |
| Income before taxes | CN¥1.18B | −CN¥1.40B | −CN¥4.73B | −CN¥7.40B | −CN¥6.71B | −CN¥3.00B | −CN¥1.27B | −CN¥539.0M | −CN¥174.9M | −CN¥908.4M |
| Income taxes | CN¥16.7M | −CN¥36.5M | CN¥78.7M | CN¥104.1M | CN¥95.3M | CN¥53.4M | CN¥35.9M | CN¥26.0M | CN¥8.9M | CN¥3.1M |
| Net income | CN¥1.16B | −CN¥1.35B | −CN¥4.82B | −CN¥7.51B | −CN¥6.81B | −CN¥3.01B | −CN¥1.29B | −CN¥551.7M | −CN¥183.8M | −CN¥910.1M |
| EBITDA | CN¥1.09B | CN¥1.19B | −CN¥1.67B | −CN¥3.59B | −CN¥3.95B | −CN¥1.03B | −CN¥38.5M | CN¥116.7M | CN¥129.5M | −CN¥745.4M |
| Gross margin | 37.1% | 32.7% | 24.2% | 17.6% | 20.9% | 23.7% | 17.6% | 20.7% | 22.2% | −47.7% |
| Operating margin | 3.7% | −5.0% | −22.5% | −38.2% | −33.2% | −26.2% | −22.1% | −17.7% | −9.1% | −171.0% |
| Net margin | 3.9% | −5.0% | −21.4% | −34.3% | −35.1% | −25.1% | −19.0% | −13.4% | −7.4% | −173.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥7.92B | CN¥7.43B | CN¥8.21B | CN¥7.69B | CN¥7.34B | CN¥7.00B | CN¥7.73B | CN¥7.31B | CN¥6.13B | CN¥5.66B | CN¥6.35B | CN¥5.81B |
| Cost of revenue | CN¥4.93B | CN¥4.67B | CN¥5.13B | CN¥4.87B | CN¥4.66B | CN¥4.46B | CN¥4.95B | CN¥4.76B | CN¥4.29B | CN¥4.06B | CN¥4.69B | CN¥4.35B |
| Gross profit | CN¥2.99B | CN¥2.76B | CN¥3.07B | CN¥2.82B | CN¥2.68B | CN¥2.54B | CN¥2.79B | CN¥2.55B | CN¥1.83B | CN¥1.61B | CN¥1.66B | CN¥1.45B |
| Research & development | CN¥1.01B | CN¥915.5M | CN¥908.3M | CN¥904.5M | CN¥866.4M | CN¥841.5M | CN¥919.3M | CN¥906.1M | CN¥894.7M | CN¥965.1M | CN¥1.33B | CN¥1.07B |
| Sales, general & admin | CN¥1.57B | CN¥1.69B | CN¥1.66B | CN¥1.56B | CN¥1.56B | CN¥1.68B | CN¥1.74B | CN¥1.71B | CN¥1.52B | CN¥1.46B | CN¥1.64B | CN¥1.49B |
| Total operating expenses | CN¥2.62B | CN¥2.59B | CN¥2.58B | CN¥2.46B | CN¥2.42B | CN¥2.52B | CN¥2.66B | CN¥2.61B | CN¥2.42B | CN¥2.42B | CN¥2.96B | CN¥2.56B |
| Operating income | CN¥371.8M | CN¥165.7M | CN¥496.9M | CN¥353.9M | CN¥251.6M | CN¥15.0M | CN¥126.4M | −CN¥66.7M | −CN¥585.1M | −CN¥818.6M | −CN¥1.30B | −CN¥1.11B |
| Interest income | CN¥100.9M | CN¥107.8M | CN¥113.5M | CN¥122.5M | CN¥101.6M | CN¥94.2M | CN¥110.2M | CN¥91.3M | CN¥100.3M | CN¥133.2M | CN¥126.5M | CN¥117.7M |
| Interest expense | CN¥37.4M | CN¥39.1M | CN¥39.8M | CN¥42.1M | CN¥35.5M | CN¥32.6M | CN¥20.0M | CN¥17.8M | CN¥19.8M | CN¥31.6M | CN¥29.2M | CN¥30.1M |
| Income before taxes | CN¥370.4M | CN¥219.9M | CN¥500.9M | CN¥454.6M | CN¥244.6M | CN¥911,000 | CN¥65.4M | −CN¥88.2M | −CN¥614.3M | −CN¥763.1M | −CN¥1.29B | −CN¥1.32B |
| Income taxes | CN¥32.3M | CN¥19.2M | −CN¥6.0M | −CN¥14.8M | CN¥26.4M | CN¥11.6M | −CN¥23.5M | −CN¥8.4M | −CN¥6.2M | CN¥1.6M | CN¥5.1M | CN¥18.0M |
| Net income | CN¥342.8M | CN¥208.5M | CN¥506.3M | CN¥470.2M | CN¥219.0M | −CN¥9.1M | CN¥90.0M | −CN¥79.5M | −CN¥608.7M | −CN¥748.5M | −CN¥1.30B | −CN¥1.35B |
| EBITDA | CN¥371.8M | CN¥299.6M | CN¥496.9M | CN¥496.8M | CN¥316.7M | CN¥567.9M | CN¥85.4M | −CN¥70.4M | CN¥29.9M | −CN¥65.3M | −CN¥1.26B | −CN¥1.29B |
| Gross margin | 37.7% | 37.1% | 37.5% | 36.7% | 36.5% | 36.3% | 36.1% | 34.9% | 29.9% | 28.3% | 26.1% | 25.0% |
| Operating margin | 4.7% | 2.2% | 6.1% | 4.6% | 3.4% | 0.2% | 1.6% | −0.9% | −9.5% | −14.5% | −20.5% | −19.1% |
| Net margin | 4.3% | 2.8% | 6.2% | 6.1% | 3.0% | −0.1% | 1.2% | −1.1% | −9.9% | −13.2% | −20.4% | −23.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported in BILI's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BILI financial results
In fiscal year 2025 (ended December 31, 2025), Bilibili reported revenue of CN¥29.5 billion, up 10.0% from the year before. It had net income of CN¥1.2 billion, a net profit margin of 3.9%. Over five years revenue grew at an average rate of 19.7% a year. Figures are in Chinese yuan, the currency of its financial statements.
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BILI income statement FAQ
What is Bilibili's annual revenue?
Bilibili reported total revenue of CN¥29.5 billion for fiscal year 2025, which ended on December 31, 2025. That was up 10.0% from CN¥26.8 billion the previous year.
Is Bilibili profitable?
Yes. Bilibili reported net income of CN¥1.2 billion in fiscal 2025, a net profit margin of 3.9%; its operating margin was 3.7%.
What is Bilibili's gross margin?
Bilibili's gross margin was 37.1% in fiscal 2025: for every $100 of revenue, Bilibili kept $37 after the direct cost of its products and services.
How much does Bilibili spend on research and development?
Bilibili spent CN¥3.4 billion on research and development in fiscal 2025, 11.6% of revenue.
How fast is Bilibili growing?
Revenue grew 19.7% a year on average over the last five fiscal years, from CN¥12.0 billion to CN¥29.5 billion.
When will Bilibili report its next earnings?
Bilibili is expected to report results for the quarter ending September 30, 2026 on November 12, 2026 before the market opens.
When does Bilibili's fiscal year end?
Bilibili's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.