Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $601M | $974M | $1.84B | $3.04B | $3.18B | $3.17B | $3.68B | $4.34B |
| Revenue growth | — | 62.1% | 88.9% | 65.4% | 4.4% | -0.1% | 15.8% | 18.1% |
| Gross profit | $124M | $171M | $435M | $634M | $558M | $766M | $1.20B | $1.59B |
| Gross margin | 20.7% | 17.6% | 23.7% | 20.9% | 17.6% | 24.2% | 32.7% | 36.6% |
| Operating income | -$106M | -$215M | -$481M | -$1.01B | -$1.21B | -$713M | -$184M | $161M |
| Operating margin | -17.7% | -22.1% | -26.2% | -33.2% | -38.2% | -22.5% | -5.0% | 3.7% |
| Net income | -$82.2M | -$187M | -$468M | -$1.07B | -$1.09B | -$678M | -$187M | $171M |
| Net margin | -13.7% | -19.2% | -25.5% | -35.1% | -34.3% | -21.4% | -5.1% | 3.9% |
| EPS (diluted) | -$0.38 | -$0.57 | -$1.33 | -$2.80 | -$2.75 | -$1.64 | -$0.44 | $0.39 |
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $107M | $27.9M | $115M | -$415M | -$567M | $37.6M | $824M | $1.02B |
| Capital expenditures | $42.7M | $42.5M | $92.3M | $151M | $110M | $25.6M | $63.8M | $73.3M |
| Free cash flow | $64.5M | -$14.6M | $23.1M | -$567M | -$677M | $11.9M | $760M | $949M |
| Share buybacks | — | — | — | — | $50.4M | — | $16.1M | $118M |
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $508M | $761M | $734M | $1.18B | $1.47B | $1.01B | $1.40B | $1.74B |
| Total assets | $1.53B | $2.23B | $3.66B | $8.17B | $6.06B | $4.67B | $4.48B | $5.89B |
| Total liabilities | $480M | $1.13B | $2.46B | $4.76B | $3.86B | $2.64B | $2.55B | $3.66B |
| Long-term debt | — | $490M | $1.28B | $2.79B | $1.26B | $91.0K | $447M | $683M |
| Shareholders' equity | $1.01B | $1.01B | $1.16B | $3.41B | $2.21B | $2.03B | $1.93B | $2.23B |
| Shares (wtd avg diluted) | 233M | 323M | — | — | — | — | — | — |
Every figure is extracted from Bilibili Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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