8 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $4.3B | $171M | 36.6% | 3.7% | $949M | $3.9B | $1.7B |
| 2024 | $3.7B | — | 32.7% | -5.0% | $760M | $448M | $1.4B |
| 2023 | $3.2B | — | 24.2% | -22.5% | $12M | $91000 | $1.0B |
| 2022 | $3.2B | — | 17.6% | -38.2% | -$677M | $1.3B | $1.5B |
| 2021 | $3.0B | — | 20.9% | -33.2% | -$567M | $3.0B | $1.2B |
| 2020 | $1.8B | — | 23.7% | -26.2% | $23M | $1.3B | $734M |
| 2019 | $974M | — | 17.6% | -22.1% | -$15M | $490M | $761M |
| 2018 | $601M | — | 20.7% | -17.7% | $65M | — | $508M |
How the market has priced BILI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Bilibili Inc.'s revenue has grown 18.7% per year. These are computed facts, not advice.
As of FY2025, Bilibili Inc. reported $3.9B of total debt against $1.7B of cash; operating income covered interest expense 7.5×.
In FY2025, gross margin was 36.6%, operating margin 3.7%, and net margin 3.9%.
As of Jun '26, Bilibili Inc. traded at a price-to-earnings ratio of about 30.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.