Bilibili Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.34B | $3.68B | $3.17B | $3.18B | $3.04B | $1.84B | $973.6M | $600.5M |
| Cost of Revenue | $2.75B | $2.47B | $2.41B | $2.62B | $2.41B | $1.40B | $802.6M | $476.1M |
| Gross Profit | $1.59B | $1.20B | $766.5M | $558.1M | $634.5M | $435.3M | $171.0M | $124.4M |
| Gross Margin | 36.6% | 32.7% | 24.2% | 17.6% | 20.9% | 23.7% | 17.6% | 20.7% |
| Operating Expenses | ||||||||
| Research & Development | $505.3M | $504.9M | $629.2M | $690.9M | $445.6M | $231.9M | $128.5M | $78.2M |
| SG&A Expense | $294.9M | $278.3M | $298.9M | $365.5M | $288.3M | $149.6M | $85.1M | $67.1M |
| Operating Income | $160.8M | $-184.1M | $-713.3M | $-1.21B | $-1.01B | $-481.4M | $-214.8M | $-106.0M |
| Operating Margin | 3.7% | -5.0% | -22.5% | -38.2% | -33.2% | -26.2% | -22.1% | -17.7% |
| Interest Expense | $21.5M | $12.2M | $23.2M | $36.4M | $24.4M | $16.6M | $6.7M | — |
| Pretax Income | — | — | — | — | — | — | — | $-78.4M |
| Income Tax Expense | $2.5M | $-5.0M | $11.1M | $15.1M | $15.0M | $8.2M | $5.2M | $3.8M |
| Net Income | $170.7M | $-186.8M | $-677.7M | $-1.09B | $-1.07B | $-468.0M | $-187.2M | $-82.2M |
| Net Margin | 3.9% | -5.1% | -21.4% | -34.3% | -35.1% | -25.5% | -19.2% | -13.7% |
| EPS (Basic) | $0.41 | $-0.44 | $-1.64 | $-2.75 | $-2.80 | $-1.33 | $-0.57 | $-0.38 |
| EPS (Diluted) | $0.39 | $-0.44 | $-1.64 | $-2.75 | $-2.80 | $-1.33 | $-0.57 | $-0.38 |
| Shares Outstanding (Basic) | — | — | — | — | — | — | 323.2M | 233.0M |
| Shares Outstanding (Diluted) | — | — | — | — | — | — | 323.2M | 233.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |