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Bilibili Inc. (BILI)

Bilibili Inc. reported revenue of $4.3B in fiscal 2025, up 18.1% from a year earlier. Net income was $170.7M, a net margin of 3.9%. Operating cash flow minus capital spending left $948.7M of free cash flow in fiscal 2025. At December 31, 2025 it held $1.7B in cash against $682.9M of debt. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 16, 2026.

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Price
$15.14
+1.65% on the day · September 28, 2026
52-week range $14.39 to $36.40
Market cap
$6.3B
Revenue (FY2025)
$4.3B
+18.1% year on year
Net margin
3.9%

What Bilibili Inc. does

Bilibili Inc. is registered with the SEC under industry code SIC 7374 (Services-Computer Processing & Data Preparation). Its shares trade on NASDAQ under the ticker BILI.

Revenue and profit by year

Revenue
FY18: $600.5M $600.5M FY18FY19: $973.6M $973.6M FY19FY20: $1.8B $1.8B FY20FY21: $3B $3B FY21FY22: $3.2B $3.2B FY22FY23: $3.2B $3.2B FY23FY24: $3.7B $3.7B FY24FY25: $4.3B $4.3B FY25
Net income
FY18: -$89.6M -$89.6M FY18FY19: -$185.1M -$185.1M FY19FY20: -$461.6M -$461.6M FY20FY21: -$1.1B -$1.1B FY21FY22: -$1.1B -$1.1B FY22FY23: -$679.2M -$679.2M FY23FY24: -$184.5M -$184.5M FY24FY25: $170.7M $170.7M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$4.3B$160.8M$170.7M$0.39$948.7M
2024$3.7B-$184.1M-$184.5M-$0.44$760.3M
2023$3.2B-$713.3M-$679.2M-$1.64$11.9M
2022$3.2B-$1.2B-$1.1B-$2.75-$677.3M
2021$3B-$1B-$1.1B-$2.80-$566.9M
2020$1.8B-$481.4M-$461.6M-$1.33$23.1M

Full financial statements: income, balance sheet and cash flow

Where BILI ranks in Technology

Revenue$4.3B
#108 of 731 in Technology · Top 15%
Revenue growth+18.1%
#194 of 604 in Technology · Top 32%
Net margin3.9%
#273 of 611 in Technology · Top 45%
Free cash flow margin21.9%
#131 of 569 in Technology · Top 23%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Technology

Latest SEC filings

What Bilibili Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 25, 2026
  2. September 24, 2026
  3. September 16, 2026
  4. September 10, 2026
  5. September 9, 2026
  6. September 8, 2026
  7. September 4, 2026
  8. September 3, 2026
  9. August 27, 2026
  10. August 14, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on September 18, 2026. Insider transactions on SEC

Insider trades

What the people running Bilibili Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider bought or sold shares on the open market in the last 90 days. The 3 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days
DateInsiderWhatSharesPriceValueFiling
September 16, 2026 Li NiVice Chairwoman and COO, Director Received as pay 4,000,000 - - Form 4
September 16, 2026 Chen RuiChairman of the Board and CEO, Director, 10% owner Received as pay 4,000,000 - - Form 4
September 16, 2026 Fan XinChief Financial Officer Received as pay 400,000 - - Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns BILI

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Norges Bank13G, passive 6.8% 23,468,189 August 12, 2026
XU Yi13G, passive with 1 related filers 6.6% 27,412,208 October 2, 2025

Latest filings below 5%: Tencent Holdings Ltd 4.1% (September 10, 2026).

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

3 insiders reported holding 8,400,000 shares in total, about $127.2M at the last price.

HolderSharesAs of
Chen RuiChairman of the Board and CEO, Director, 10% owner 4,000,000 September 16, 2026
Li NiVice Chairwoman and COO, Director 4,000,000 September 16, 2026
Fan XinChief Financial Officer 400,000 September 16, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about BILI

What does Bilibili Inc. do?

Bilibili Inc. is registered with the SEC under industry code SIC 7374 (Services-Computer Processing & Data Preparation). Its shares trade on NASDAQ under the ticker BILI.

Is Bilibili Inc. profitable?

Yes. In fiscal 2025 it reported net income of $170.7M on revenue of $4.3B, a net margin of 3.9%.

How much revenue does Bilibili Inc. make?

In fiscal 2025 Bilibili Inc. reported revenue of $4.3B. That is 18.1% more than a year earlier.

When did Bilibili Inc. last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 16, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from September 25, 2026.

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Where the numbers come from

Financial figures are the values Bilibili Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.