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Bilibili vs RingCentral: revenue, profit, margins and growth compared

Bilibili brought in $4.3B of revenue in fiscal 2025, RingCentral $2.5B in fiscal 2025. Revenue changed by +18.1% at Bilibili and +4.8% at RingCentral on the year before, so Bilibili grew faster. Bilibili kept 3.9% of its revenue as net profit, RingCentral 1.7%. Free cash flow was $948.7M at Bilibili and $587.3M at RingCentral.

Side by side, latest fiscal year

BILIRNG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$4.3B$2.5B
Revenue growth+18.1%+4.8%
Net income$170.7M$43.4M
Net margin3.9%1.7%
Free cash flow$948.7M$587.3M
Free cash flow margin21.9%23.4%
Earnings per share (diluted)$0.39$0.48
Cash$1.7B$132.6M
Debt$682.9M$1.3B
Price to earningsn/a150.3
Market value$5.9B$6B
Dividend yieldn/an/a
Rank by revenue in sector#107 of 751 · Technology#142 of 751 · Technology

Over the years

Revenue
BILI FY2018: $600.5MBILI FY2019: $973.6MBILI FY2020: $1.8BBILI FY2021: $3BBILI FY2022: $3.2BBILI FY2023: $3.2BBILI FY2024: $3.7BBILI FY2025: $4.3BRNG FY2018: $673.6MRNG FY2019: $902.9MRNG FY2020: $1.2BRNG FY2021: $1.6BRNG FY2022: $2BRNG FY2023: $2.2BRNG FY2024: $2.4BRNG FY2025: $2.5BFY18FY19FY20FY21FY22FY23FY24FY25
BILI $4.3BRNG $2.5B
Net income
BILI FY2018: -$89.6MBILI FY2019: -$185.1MBILI FY2020: -$461.6MBILI FY2021: -$1.1BBILI FY2022: -$1.1BBILI FY2023: -$679.2MBILI FY2024: -$184.5MBILI FY2025: $170.7MRNG FY2018: -$26.2MRNG FY2019: -$53.6MRNG FY2020: -$83MRNG FY2021: -$376.3MRNG FY2022: -$879.2MRNG FY2023: -$165.2MRNG FY2024: -$58.3MRNG FY2025: $43.4MFY18FY19FY20FY21FY22FY23FY24FY25
BILI $170.7MRNG $43.4M
Net margin
BILI FY2018: -14.9%BILI FY2019: -19.0%BILI FY2020: -25.1%BILI FY2021: -35.0%BILI FY2022: -34.2%BILI FY2023: -21.4%BILI FY2024: -5.0%BILI FY2025: 3.9%RNG FY2018: -3.9%RNG FY2019: -5.9%RNG FY2020: -7.0%RNG FY2021: -23.6%RNG FY2022: -44.2%RNG FY2023: -7.5%RNG FY2024: -2.4%RNG FY2025: 1.7%FY18FY19FY20FY21FY22FY23FY24FY25
BILI 3.9%RNG 1.7%
Revenue growth
BILI FY2019: +62.1%BILI FY2020: +88.9%BILI FY2021: +65.4%BILI FY2022: +4.4%BILI FY2023: -0.1%BILI FY2024: +15.8%BILI FY2025: +18.1%RNG FY2019: +34.0%RNG FY2020: +31.1%RNG FY2021: +34.7%RNG FY2022: +24.7%RNG FY2023: +10.8%RNG FY2024: +9.0%RNG FY2025: +4.8%FY19FY20FY21FY22FY23FY24FY25
BILI +18.1%RNG +4.8%
Free cash flow
BILI FY2018: $64.5MBILI FY2019: -$14.6MBILI FY2020: $23.1MBILI FY2021: -$566.9MBILI FY2022: -$677.3MBILI FY2023: $11.9MBILI FY2024: $760.3MBILI FY2025: $948.7MRNG FY2018: $45MRNG FY2019: $37.1MRNG FY2020: -$78.8MRNG FY2021: $123.2MRNG FY2022: $158.6MRNG FY2023: $376.1MRNG FY2024: $458.3MRNG FY2025: $587.3MFY18FY19FY20FY21FY22FY23FY24FY25
BILI $948.7MRNG $587.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about Bilibili and RingCentral

Which is bigger by revenue, Bilibili or RingCentral?

Bilibili is bigger by revenue: $4.3B in fiscal 2025, against $2.5B for RingCentral in fiscal 2025.

Which keeps more of its revenue as profit, Bilibili or RingCentral?

Bilibili had a net margin of 3.9% in fiscal 2025; RingCentral had 1.7% in fiscal 2025.

Which grew revenue faster, Bilibili or RingCentral?

In their latest fiscal years revenue changed by +18.1% at Bilibili and +4.8% at RingCentral.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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