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BILI · Nasdaq · United States · Services-Computer Processing & Data Preparation
In shortBilibili Inc. is profitable, generates cash and holds more cash than debt, with revenue growing (+13.1% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 3.7% | 29/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 3.9% | 36/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 8.0% | 40/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 3.5% | 23/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.36× | 46/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.62× | 77/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 7.47× | 57/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | – | n/a |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 21.9% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 5.56× | 100/100 |
| Years with positive free cash flow (last 5) | 3 of 5 | 50/100 |
Weight in the score: 20%
| Profitable years (last 5) | 1 of 5 | 20/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 22.9% | 26/100 |
| Operating margin volatility | 18.0% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 11.5% | 80/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
CNY millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 19,384 | 21,899 | 22,528 | 26,832 | 30,348 |
| Cost of revenue | 15,341 | 18,050 | 17,086 | 18,058 | 19,234 |
| Gross profit | 4,043 | 3,849 | 5,442 | 8,774 | 11,114 |
| Research & development | 2,840 | 4,765 | 4,467 | 3,685 | 3,533 |
| Operating income | (6,429) | (8,358) | (5,064) | (1,344) | 1,124 |
| Interest expense | 155 | 251 | 165 | 89 | 151 |
| Income tax | 95 | 104 | 79 | (37) | 17 |
| Net income | (6,789) | (7,497) | (4,822) | (1,347) | 1,194 |
| Diluted EPS | −¥17.87 | −¥18.99 | −¥11.67 | −¥3.23 | ¥2.74 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
Not computed: a required balance-sheet item is missing.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Apr 16, 2026