What is BILIBILI INC's earnings per share (EPS)?

BILIBILI INC (BLBLF) reported diluted earnings per share of $0.39 for fiscal year 2025. This represents a 188.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

BILIBILI INC (BLBLF) Financials

BLBLF

FY2025 annual

Revenue $4.3B +18.1% YoY

Net Income $170.7M +191.4% YoY

EPS (Diluted) $0.39 +188.6% YoY

Free Cash Flow $948.7M +24.8% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Apr 16, 2026 Currency USD FYE December

Newest figures come from the 10-K for FY2025, filed Apr 16, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BLBLF SEC filings page.

BILIBILI INC (BLBLF) reported $4.3B in revenue for fiscal year 2025, up 18.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BLBLF FY2025 2026-08-30

Cash-generating operating leverage is the dominant mechanic: margin expansion converted an investment-heavy cost base into positive earnings and cash.

From FY2023 to FY2025, revenue moved from $3.2B to $4.3B while operating margin improved from -22.5% to 3.7%, indicating that recent growth was absorbed by a much leaner cost structure rather than merely adding volume. By FY2025, operating cash flow reached $1.0B against net income of $171M, showing that the accounting turnaround was accompanied by unusually strong cash conversion.

Balance-sheet leverage reset: debt-to-equity fell from 1.3x in FY2023 to 0.3x in FY2025, while the current ratio improved to 1.4x from 1.0x over the same comparison. That combination points to less reliance on debt and a wider short-term liquidity cushion, even as total liabilities rose to $3.7B in FY2025.

Reinvestment is mostly expensed rather than capitalized: R&D held near $505M in both FY2024 and FY2025, while capital expenditures were only $73.3M in FY2025. Free cash flow reached $949M despite investing cash flow of -$1.3B, showing that cash generation coexisted with substantial investment or asset deployment beyond fixed-asset spending.

Financial Health Signals

Financial health score not available

BILIBILI INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

6/8

BILIBILI INC passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

5.99x

For every $1 of reported earnings, BILIBILI INC generates $5.99 in operating cash flow ($1.0B OCF vs $170.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

7.47x

BILIBILI INC earns $7.47 in operating income for every $1 of interest expense ($160.8M vs $21.5M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt

$1.7B

YoY+24.1%

QoQ+24.1%

BILIBILI INC held $1.7B in cash against $682.9M in long-term debt as of Q4 2025.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Shares Outstanding

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

BLBLF Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BLBLF quarterly income statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Revenue	$4.3B+18.1%	$3.7B+15.8%	$3.2B-0.1%	$3.2B+4.4%	$3.0B+65.4%	$1.8B+88.9%	$973.6M+62.1%	$600.5M
Cost of Revenue	$2.8B+11.2%	$2.5B+2.8%	$2.4B-8.0%	$2.6B+8.7%	$2.4B+71.5%	$1.4B+74.9%	$802.6M+68.6%	$476.1M
Gross Profit	$1.6B+32.2%	$1.2B+56.8%	$766.5M+37.3%	$558.1M-12.0%	$634.5M+45.8%	$435.3M+154.6%	$171.0M+37.4%	$124.4M
R&D Expenses	$505.3M+0.1%	$504.9M-19.8%	$629.2M-8.9%	$690.9M+55.0%	$445.6M+92.2%	$231.9M+80.5%	$128.5M+64.3%	$78.2M
SG&A Expenses	$294.9M+6.0%	$278.3M-6.9%	$298.9M-18.2%	$365.5M+26.8%	$288.3M+92.8%	$149.6M+75.8%	$85.1M+26.9%	$67.1M
Operating Income	$160.8M+187.3%	-$184.1M+74.2%	-$713.3M+41.1%	-$1.2B-20.1%	-$1.0B-109.6%	-$481.4M-124.1%	-$214.8M-102.6%	-$106.0M
EBITDA	$450.5M+234.6%	$134.6M+141.0%	-$328.7M+54.8%	-$728.0M-16.4%	-$625.7M-187.6%	-$217.5M-16.2%	-$187.2M-104.6%	-$91.5M
Interest Expense	$21.5M+76.2%	$12.2M-47.4%	$23.2M-36.1%	$36.4M+49.1%	$24.4M+46.6%	$16.6M+148.9%	$6.7M	N/A
Income Tax	$2.5M+149.0%	-$5.0M-145.2%	$11.1M-26.6%	$15.1M+1.0%	$15.0M+82.8%	$8.2M+58.8%	$5.2M+36.3%	$3.8M
Net Income	$170.7M+191.4%	-$186.8M+72.4%	-$677.7M+37.7%	-$1.1B-1.9%	-$1.1B-128.3%	-$468.0M-150.0%	-$187.2M-127.9%	-$82.2M
EPS (Basic)	$0.41+193.2%	-$0.44+73.2%	-$1.64+40.4%	-$2.75+1.8%	-$2.80-110.5%	-$1.33-133.3%	-$0.57-50.0%	-$0.38
EPS (Diluted)	$0.39+188.6%	-$0.44+73.2%	-$1.64+40.4%	-$2.75+1.8%	-$2.80-110.5%	-$1.33-133.3%	-$0.57	-$0.38
Diluted Shares (Avg)	N/A	N/A	N/A	N/A	N/A	N/A	323M	233M

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q3'2210-Q	Q4'2110-K	Q4'2010-K	Q4'1910-K
EPS (Basic)	N/A	N/A	N/A	-$0.61	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	-$0.61	N/A	N/A	N/A	N/A

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, Diluted Shares (Avg).

BLBLF Balance Sheet

BLBLF quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Total Assets	$5.9B+31.4%	$4.5B-4.1%	$4.7B-23.0%	$6.1B-25.8%	$8.2B+123.3%	$3.7B+64.1%	$2.2B+46.1%	$1.5B
Current Assets	$3.9B+45.6%	$2.7B+2.6%	$2.6B-25.6%	$3.5B-38.0%	$5.7B+137.1%	$2.4B+62.7%	$1.5B+55.7%	$952.7M
Cash & Equivalents	$1.7B+24.1%	$1.4B+38.6%	$1.0B-31.3%	$1.5B+24.9%	$1.2B+60.8%	$734.1M-3.5%	$760.6M+49.6%	$508.5M
Short-Term Investments	$921.9M+148.6%	$370.8M-0.8%	$373.7M-44.3%	$670.3M-71.6%	$2.4B+359.3%	$514.5M+184.1%	$181.1M+31.7%	$137.5M
Accounts Receivable	$181.4M+7.9%	$168.1M-24.2%	$221.7M+15.1%	$192.6M-11.2%	$216.9M+34.3%	$161.5M+50.9%	$107.0M+126.8%	$47.2M
Long-Term Investments	$680.9M+27.1%	$535.9M-12.9%	$615.0M-24.9%	$819.3M-5.1%	$863.5M+152.3%	$342.2M+90.4%	$179.7M+26.1%	$142.5M
Goodwill	$403.0M+7.9%	$373.3M-2.7%	$383.8M-2.9%	$395.1M+7.7%	$366.9M+84.8%	$198.6M+36.6%	$145.4M+6.2%	$136.9M
Total Liabilities	$3.7B+43.8%	$2.5B-3.6%	$2.6B-31.5%	$3.9B-19.0%	$4.8B+93.1%	$2.5B+117.8%	$1.1B+135.9%	$479.8M
Current Liabilities	$2.9B+43.7%	$2.0B-20.7%	$2.5B+2.9%	$2.5B+30.8%	$1.9B+67.2%	$1.1B+84.6%	$613.7M+27.9%	$479.8M
Non-Current Liabilities	$756.8M+44.2%	$525.0M+472.4%	$91.7M-93.3%	$1.4B-52.0%	$2.9B+115.2%	$1.3B+157.1%	$518.2M	$0
Long-Term Debt	$682.9M+52.7%	$447.2M	N/A	$1.3B-54.9%	$2.8B+118.3%	$1.3B+160.6%	$490.5M	N/A
Total Equity	$2.2B+15.2%	$1.9B-4.6%	$2.0B-8.2%	$2.2B-35.1%	$3.4B+192.4%	$1.2B+15.0%	$1.0B+0.2%	$1.0B

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q3'2210-Q	Q4'2110-K	Q4'2010-K	Q4'1910-K
Total Assets	$5.9B+31.4%	$4.5B-4.1%	$4.7B-23.0%	$6.1B-25.8%	$6.7B	$8.2B+123.3%	$3.7B+64.1%	$2.2B+46.1%
Current Assets	$3.9B+45.6%	$2.7B+2.6%	$2.6B-25.6%	$3.5B-38.0%	$4.1B	$5.7B+137.1%	$2.4B+62.7%	$1.5B+55.7%
Cash & Equivalents	$1.7B+24.1%	$1.4B+38.6%	$1.0B-31.3%	$1.5B+24.9%	$768.4M	$1.2B+60.8%	$734.1M-3.5%	$760.6M+49.6%
Short-Term Investments	$921.9M+148.6%	$370.8M-0.8%	$373.7M-44.3%	$670.3M-71.6%	$917.8M	$2.4B+359.3%	$514.5M+184.1%	$181.1M+31.7%
Accounts Receivable	$181.4M+7.9%	$168.1M-24.2%	$221.7M+15.1%	$192.6M-11.2%	$182.5M	$216.9M+34.3%	$161.5M+50.9%	$107.0M+126.8%
Long-Term Investments	$680.9M+27.1%	$535.9M-12.9%	$615.0M-24.9%	$819.3M-5.1%	$830.5M	$863.5M+152.3%	$342.2M+90.4%	$179.7M+26.1%
Goodwill	$403.0M+7.9%	$373.3M-2.7%	$383.8M-2.9%	$395.1M+7.7%	$383.1M	$366.9M+84.8%	$198.6M+36.6%	$145.4M+6.2%
Total Liabilities	$3.7B+43.8%	$2.5B-3.6%	$2.6B-31.5%	$3.9B-19.0%	$4.4B	$4.8B+93.1%	$2.5B+117.8%	$1.1B+135.9%
Current Liabilities	$2.9B+43.7%	$2.0B-20.7%	$2.5B+2.9%	$2.5B+30.8%	$2.5B	$1.9B+67.2%	$1.1B+84.6%	$613.7M+27.9%
Non-Current Liabilities	$756.8M+44.2%	$525.0M+472.4%	$91.7M-93.3%	$1.4B-52.0%	$1.8B	$2.9B+115.2%	$1.3B+157.1%	$518.2M
Long-Term Debt	$682.9M+52.7%	$447.2M	N/A	$1.3B-54.9%	$1.7B	$2.8B+118.3%	$1.3B+160.6%	$490.5M
Total Equity	$2.2B+15.2%	$1.9B-4.6%	$2.0B-8.2%	$2.2B-35.1%	$2.3B	$3.4B+192.4%	$1.2B+15.0%	$1.0B+0.2%

Not reported in any period shown, so not listed: Inventory, Retained Earnings.

BLBLF Cash Flow Statement

BLBLF quarterly cash flow statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Operating Cash Flow	$1.0B+24.0%	$824.0M+2094.3%	$37.6M+106.6%	-$567.1M-36.5%	-$415.4M-459.9%	$115.4M+313.0%	$27.9M-73.9%	$107.2M
Depreciation & Amortization	$289.7M-9.1%	$318.8M-17.1%	$384.6M-20.5%	$483.8M+26.3%	$383.2M+45.2%	$263.9M+857.8%	$27.5M+89.9%	$14.5M
Stock-Based Compensation	$167.4M+9.5%	$152.9M-4.1%	$159.5M+5.7%	$150.9M-3.8%	$156.9M+165.3%	$59.1M+138.6%	$24.8M-5.9%	$26.4M
Capital Expenditures	$73.3M+15.0%	$63.8M+148.8%	$25.6M-76.8%	$110.3M-27.2%	$151.5M+64.2%	$92.3M+117.0%	$42.5M-0.4%	$42.7M
Free Cash Flow	$948.7M+24.8%	$760.3M+6271.2%	$11.9M+101.8%	-$677.3M-19.5%	-$566.9M-2549.8%	$23.1M+258.7%	-$14.6M-122.6%	$64.5M
Investing Cash Flow	-$1.3B-6960.8%	-$18.9M-107.6%	$248.2M-83.9%	$1.5B+139.9%	-$3.9B-182.5%	-$1.4B-140.1%	-$568.6M-22.3%	-$464.9M
Financing Cash Flow	$584.5M+251.0%	-$387.1M+45.8%	-$714.8M-13.2%	-$631.4M-113.2%	$4.8B+273.3%	$1.3B+75.1%	$729.5M+0.8%	$723.6M
Share Buybacks	$117.6M+630.7%	$16.1M	N/A	$50.4M	N/A	N/A	N/A	N/A

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q3'2210-Q	Q4'2110-K	Q4'2010-K	Q4'1910-K
Operating Cash Flow	N/A	N/A	N/A	-$116.7M	N/A	N/A	N/A	N/A
Depreciation & Amortization	N/A	N/A	N/A	$133.3M	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	$9.5M	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	-$126.2M	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	$1.2B	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	-$411.2M	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$1.5M	N/A	N/A	N/A	N/A

Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid.

BLBLF Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BLBLF quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Gross Margin	36.6%+3.9pp	32.7%+8.5pp	24.2%+6.6pp	17.6%-3.3pp	20.9%-2.8pp	23.7%+6.1pp	17.6%-3.2pp	20.7%
Operating Margin	3.7%+8.7pp	-5.0%+17.5pp	-22.5%+15.7pp	-38.2%-5.0pp	-33.2%-7.0pp	-26.2%-4.1pp	-22.1%-4.4pp	-17.7%
Net Margin	3.9%+9.0pp	-5.1%+16.3pp	-21.4%+12.9pp	-34.3%+0.9pp	-35.1%-9.7pp	-25.4%-6.2pp	-19.2%-5.5pp	-13.7%
Return on Equity	7.7%+17.3pp	-9.7%+23.8pp	-33.4%+15.8pp	-49.3%-17.9pp	-31.4%+8.8pp	-40.2%-21.7pp	-18.5%-10.3pp	-8.1%
Return on Assets	2.9%+7.1pp	-4.2%+10.3pp	-14.5%+3.4pp	-17.9%-4.9pp	-13.1%-0.3pp	-12.8%-4.4pp	-8.4%-3.0pp	-5.4%
Current Ratio	1.360.0x	1.34+0.3x	1.03-0.4x	1.43-1.6x	3.02+0.9x	2.13-0.3x	2.42+0.4x	1.99
Debt-to-Equity	0.31+0.1x	0.23-1.1x	1.30+0.7x	0.57-0.2x	0.82-0.3x	1.10+0.6x	0.480.0x	0.47
Asset Turnover	0.74-0.1x	0.82+0.1x	0.68+0.2x	0.52+0.2x	0.37-0.1x	0.50+0.1x	0.440.0x	0.39
FCF Margin	21.9%+1.2pp	20.7%+20.3pp	0.4%+21.7pp	-21.3%-2.7pp	-18.6%-19.9pp	1.3%+2.8pp	-1.5%-12.3pp	10.8%

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q3'2210-Q	Q4'2110-K	Q4'2010-K	Q4'1910-K
Current Ratio	1.360.0x	1.34+0.3x	1.03-0.4x	1.43-1.6x	1.64	3.02+0.9x	2.13-0.3x	2.42+0.4x
Debt-to-Equity	0.31+0.1x	0.23-1.1x	1.30+0.7x	0.57-0.2x	0.74	0.82-0.3x	1.10+0.6x	0.480.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

Where BILIBILI INC Ranks

Frequently Asked Questions

What is BILIBILI INC's annual revenue?

BILIBILI INC (BLBLF) reported $4.3B in total revenue for fiscal year 2025. This represents a 18.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is BILIBILI INC's revenue growing?

BILIBILI INC (BLBLF) revenue grew by 18.1% year-over-year, from $3.7B to $4.3B in fiscal year 2025.

Is BILIBILI INC profitable?

Yes, BILIBILI INC (BLBLF) reported a net income of $170.7M in fiscal year 2025, with a net profit margin of 3.9%.

What is BILIBILI INC's EBITDA?

BILIBILI INC (BLBLF) had EBITDA of $450.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does BILIBILI INC have?

As of fiscal year 2025, BILIBILI INC (BLBLF) had $1.7B in cash and equivalents against $682.9M in long-term debt.

What is BILIBILI INC's gross margin?

BILIBILI INC (BLBLF) had a gross margin of 36.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is BILIBILI INC's operating margin?

BILIBILI INC (BLBLF) had an operating margin of 3.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is BILIBILI INC's net profit margin?

BILIBILI INC (BLBLF) had a net profit margin of 3.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is BILIBILI INC's return on equity (ROE)?

BILIBILI INC (BLBLF) has a return on equity of 7.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is BILIBILI INC's free cash flow?

BILIBILI INC (BLBLF) generated $948.7M in free cash flow during fiscal year 2025. This represents a 24.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is BILIBILI INC's operating cash flow?

BILIBILI INC (BLBLF) generated $1.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are BILIBILI INC's total assets?

BILIBILI INC (BLBLF) had $5.9B in total assets as of fiscal year 2025, including both current and long-term assets.

What are BILIBILI INC's capital expenditures?

BILIBILI INC (BLBLF) invested $73.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does BILIBILI INC spend on research and development?

BILIBILI INC (BLBLF) invested $505.3M in research and development during fiscal year 2025.

Does BILIBILI INC buy back shares?

Yes, BILIBILI INC (BLBLF) spent $117.6M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is BILIBILI INC's current ratio?

BILIBILI INC (BLBLF) had a current ratio of 1.36 as of fiscal year 2025, which is considered adequate.

What is BILIBILI INC's debt-to-equity ratio?

BILIBILI INC (BLBLF) had a debt-to-equity ratio of 0.31 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is BILIBILI INC's return on assets (ROA)?

BILIBILI INC (BLBLF) had a return on assets of 2.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is BILIBILI INC's Piotroski F-Score?

BILIBILI INC (BLBLF) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are BILIBILI INC's earnings high quality?

BILIBILI INC (BLBLF) has an earnings quality ratio of 5.99x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can BILIBILI INC cover its interest payments?

BILIBILI INC (BLBLF) has an interest coverage ratio of 7.47x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.