Bilibili Inc ADR (BILI) financial statements: income statement, balance sheet and cash flow
Bilibili Inc ADR's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Bilibili Inc ADR reported revenue of $30.3B (+13.1% year on year).
Income statement
Bilibili Inc ADR income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net revenues
$30.3B
$26.8B
$22.5B
$21.9B
Cost of revenues
($19.2B)
($18.1B)
($17.1B)
($18.0B)
Gross profit
$11.1B
$8.8B
$5.4B
$3.8B
Sales and marketing expenses
($4.4B)
($4.4B)
($3.9B)
($4.9B)
General and administrative expenses
($2.1B)
($2.0B)
($2.1B)
($2.5B)
Research and development expenses
($3.5B)
($3.7B)
($4.5B)
($4.8B)
Total operating expenses
($10.0B)
($10.1B)
($10.5B)
($12.2B)
(Loss)/Profit from operations
$1.1B
($1.3B)
($5.1B)
($8.4B)
Investment loss, net (including impairments)
($242.3M)
($470.1M)
($435.6M)
($532.5M)
Interest income
$431.8M
$435.0M
$542.5M
$281.1M
Interest expense
($150.6M)
($89.2M)
($164.9M)
($250.9M)
Exchange losses
($80.2M)
($68.7M)
($35.6M)
($19.7M)
Debt extinguishment gain/(loss)
($2.0K)
($38.6M)
$292.2M
$1.3B
Others, net
$124.8M
$175.4M
$132.6M
$157.9M
Total other income/(expense), net
$83.6M
($56.2M)
$331.2M
$954.4M
(Loss)/Profit before income tax expenses
$1.2B
($1.4B)
($4.7B)
($7.4B)
Income tax (expense)/benefit
($17.1M)
$36.5M
($78.7M)
($104.1M)
Net (loss)/profit
$1.2B
($1.4B)
($4.8B)
($7.5B)
Net (profit)/loss attributable to noncontrolling interests
$2.6M
$16.9M
($10.6M)
$10.6M
Net (loss)/profit attributable to the Bilibili Inc.'s shareholders
$1.2B
—
—
—
Foreign currency translation adjustments
($83.0M)
$54.3M
$154.4M
$338.0M
Total other comprehensive income/(loss)
($83.0M)
$54.3M
$154.4M
$338.0M
Total comprehensive (loss)/income
$1.1B
($1.3B)
($4.7B)
($7.2B)
Comprehensive (income)/loss attributable to noncontrolling interests
$2.6M
$16.9M
($10.6M)
$10.6M
Comprehensive (loss)/income attributable to the Bilibili Inc.'s shareholders
$1.1B
($1.3B)
($4.7B)
($7.2B)
Net (loss)/profit per share/ADS, basic
$2.85
-$3.23
-$11.67
-$18.99
Net (loss)/profit per share/ADS, diluted
$2.74
-$3.23
-$11.67
-$18.99
Weighted average number of ordinary shares/ADSs, basic | shares
837.8M
832.9M
826.4M
789.7M
Weighted average number of ordinary shares/ADSs, diluted | shares
888.1M
832.9M
826.4M
789.7M
Share-based compensation expenses
$1.2B
$1.1B
$1.1B
$1.0B
Bilibili Inc ADR income statement, quarters
Line item
Sep 30, 2022 · YTD
Net revenues
$15.8B
Cost of revenues
($13.2B)
Gross profit
$2.6B
Sales and marketing expenses
($3.7B)
General and administrative expenses
($1.7B)
Research and development expenses
($3.3B)
Total operating expenses
($8.6B)
Loss from operations
($6.0B)
Investment loss, net (including impairments)
($365.7M)
Interest income
$172.7M
Interest expense
($187.4M)
Exchange losses
($84.4M)
Others, net
$568.5M
Total other (expense)/income, net
$103.8M
Loss before tax
($5.9B)
Income tax
($83.7M)
Net loss
($6.0B)
Net loss attributable to noncontrolling interests
$8.3M
Net loss attributable to the Bilibili Inc.'s shareholders
($6.0B)
Foreign currency translation adjustments
$399.8M
Total other comprehensive loss
$399.8M
Total comprehensive loss
($5.6B)
Comprehensive loss attributable to the Bilibili Inc.'s shareholders
($5.6B)
Net loss per share/ADS, basic
-$15.22
Net loss per share/ADS, diluted
-$15.22
Weighted average number of ordinary shares/ADSs, basic | shares
788.9M
Weighted average number of ordinary shares/ADSs, diluted | shares
788.9M
Share-based compensation expenses
$785.9M
Balance sheet
Bilibili Inc ADR balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$12.2B
$10.2B
$7.2B
$10.2B
Time deposits
$5.5B
$3.6B
$5.2B
$4.8B
Restricted cash
$50.8M
$50.0M
$50.0M
$14.8M
Accounts receivable, net
$1.3B
$1.2B
$1.6B
$1.3B
Amounts due from related parties
$875.0M
$786.7M
—
—
Prepayments and other current assets
$1.2B
$1.1B
$1.3B
$2.0B
Short-term investments
$6.4B
$2.7B
$2.7B
$4.6B
Total current assets
$27.6B
$19.8B
$18.7B
$24.5B
Property and equipment, net
$695.1M
$589.2M
$714.7M
$1.2B
Production cost, net
$1.6B
$1.9B
$2.1B
$1.9B
Intangible assets, net
$3.1B
$3.2B
$3.6B
$4.3B
Deferred tax assets
$166.1M
$135.1M
$46.6M
$43.6M
Goodwill
$2.8B
$2.7B
$2.7B
$2.7B
Long-term investments, net
$4.8B
$3.9B
$4.4B
$5.7B
Other long-term assets
$467.2M
$529.1M
$885.3M
$1.5B
Total non-current assets
$13.6B
$12.9B
$14.4B
$17.4B
Total assets
$41.2B
$32.7B
$33.2B
$41.8B
Accounts payable
$5.5B
$4.8B
$4.3B
$4.3B
Salary and welfare payable
$1.7B
$1.6B
$1.2B
$1.4B
Taxes payable
$405.9M
$428.9M
$345.3M
$316.2M
Short-term loans and current portion of long-term debt
$4.9B
$1.6B
$7.5B
$6.6B
Deferred revenue
$4.7B
$3.8B
$3.0B
$2.8B
Accrued liabilities and other payables
$3.2B
$2.6B
$1.8B
$1.5B
Amounts due to related parties
$16.1M
$4.5M
—
—
Total current liabilities
$20.3B
$14.8B
$18.1B
$17.1B
Long-term debt
$4.8B
$3.3B
$646.0K
$8.7B
Other long-term liabilities
$516.3M
$567.6M
$650.5M
$814.4M
Total non-current liabilities
$5.3B
$3.8B
$651.1M
$9.5B
Total liabilities
$25.6B
$18.6B
$18.8B
$26.6B
Ordinary shares
267.0K
268.0K
265.0K
253.0K
Additional paid-in capital
$41.8B
$41.5B
$40.4B
$36.6B
Statutory reserves
$55.1M
$48.6M
$44.7M
$36.2M
Accumulated other comprehensive income
$183.8M
$266.8M
$212.5M
$58.1M
Accumulated deficit
($26.5B)
($27.7B)
($26.3B)
($21.5B)
Total Bilibili Inc.'s shareholders' equity
$15.6B
$14.1B
$14.4B
$15.2B
Noncontrolling interests
($24.7M)
($4.5M)
$12.4M
$1.8M
Total shareholders' equity
$15.5B
$14.1B
$14.4B
$15.2B
Total liabilities and shareholders' equity
$41.2B
$32.7B
$33.2B
$41.8B
Bilibili Inc ADR balance sheet, quarters
Line item
Sep 30, 2022
Cash and cash equivalents
$5.5B
Time deposits
$11.9B
Accounts receivable, net
$1.3B
Amount due from related parties
$1.7B
Prepayments and other current assets
$2.4B
Short-term investments
$6.5B
Total current assets
$29.4B
Property and equipment, net
$1.4B
Production cost, net
$1.8B
Intangible assets, net
$4.6B
Deferred tax assets
$36.4M
Goodwill
$2.7B
Long-term investments, net
$5.9B
Other long-term assets
$1.9B
Total non-current assets
$18.3B
Total assets
$47.6B
Accounts payable
$4.7B
Salary and welfare payable
$991.2M
Taxes payable
$253.3M
Short-term loan and current portion of long-term debt
$7.0B
Deferred revenue
$2.9B
Accrued liabilities and other payables
$2.1B
Amount due to related parties
$94.7M
Total current liabilities
$17.9B
Long-term debt
$12.3B
Other long-term liabilities
$825.8M
Total non-current liabilities
$13.1B
Total liabilities
$31.1B
Ordinary shares
252.0K
Additional paid-in capital
$36.4B
Statutory reserves
$24.6M
Accumulated other comprehensive (loss) /income
$119.9M
Accumulated deficit
($20.0B)
Total Bilibili Inc.'s shareholders' equity
$16.5B
Noncontrolling interests
$4.1M
Total shareholders' equity
$16.5B
Total liabilities and shareholders' equity
$47.6B
Cash flow statement
Bilibili Inc ADR cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net (loss)/profit
$1.2B
($1.4B)
($4.8B)
($7.5B)
Depreciation of property and equipment
$480.9M
$554.3M
$727.2M
$755.5M
Amortization of intangible assets
$1.5B
$1.8B
$2.0B
$2.6B
Amortization of right-of-use assets
$161.4M
$174.4M
$169.3M
$229.3M
Amortization of debt issuance costs
$7.2M
$10.9M
$23.3M
$48.2M
Share-based compensation expenses
$1.2B
$1.1B
$1.1B
$1.0B
(Reversal of)/Allowance for expected credit losses
$27.8M
$109.8M
($16.0M)
$130.5M
Inventory provision
$1.8M
$18.7M
$10.4M
$191.1M
Deferred income taxes
($47.5M)
($110.1M)
($25.4M)
($36.5M)
Unrealized exchange losses/(gains)
($10.0M)
($2.5M)
$931.0K
$2.3M
Unrealized fair value changes of investments
$21.1M
$22.8M
$66.5M
$251.4M
Loss on disposal of property and equipment
$4.0M
$3.2M
$646.0K
$748.0K
Gain from disposal of subsidiaries and long-term investments
($15.4M)
($11.0M)
($3.9M)
($178.4M)
Loss from equity method investments
$37.3M
$40.5M
$112.1M
$211.6M
Impairments of long-term investments
$343.7M
$486.5M
$278.9M
$465.6M
(Gain)/loss of convertible senior notes repurchase
$2.0K
$38.6M
($292.2M)
($1.3B)
Accounts receivable
($9.5M)
$251.2M
($262.2M)
($59.9M)
Amounts due from related parties
($63.3M)
($66.9M)
$75.3M
($74.1M)
Prepayments and other assets
$192.0M
$273.4M
$342.5M
($556.2M)
Other long-term assets
($38.4M)
$51.2M
$185.8M
($444.3M)
Accounts payable
$585.8M
$615.2M
($60.5M)
$46.9M
Salary and welfare payable
$106.2M
$380.1M
($182.2M)
$396.1M
Taxes payable
$49.4M
$83.7M
$29.0M
$130.7M
Deferred revenue
$859.6M
$848.2M
$133.9M
$173.9M
Accrued liabilities and other payables
$568.4M
$779.3M
$341.1M
($1.0B)
Amounts due to related parties
$11.6M
($348.0K)
($12.0M)
($21.2M)
Other long-term liabilities
($33.6M)
($61.3M)
($141.6M)
$282.4M
Net cash provided by operating activities
$7.1B
$6.0B
$266.6M
($3.9B)
Purchase of property and equipment
($512.9M)
($465.4M)
($181.9M)
($760.4M)
Purchase of intangible assets
($1.3B)
($1.3B)
($1.1B)
($2.0B)
Purchase of short-term investments
($85.6B)
($37.0B)
($13.5B)
($70.6B)
Maturities of short-term investments
$81.8B
$37.0B
$16.3B
$81.7B
Cash consideration (paid for)/acquired from purchase of subsidiaries, net of consideration paid and cash acquired
$27.4M
—
($70.0M)
($1.2B)
Cash paid for long-term investments including loans
($1.7B)
($227.4M)
($132.6M)
($1.5B)
Loans and advances from investees
$13.0M
$79.0M
$684.8M
$596.8M
Cash received from disposal/return of long-term assets
$92.3M
$74.3M
$100.6M
$612.2M
Placement of time deposits
($10.5B)
($5.8B)
($10.0B)
($10.2B)
Maturity of time deposits
$8.4B
$7.5B
$9.7B
$13.9B
Net cash provided by/(used in) investing activities
($9.3B)
($138.1M)
$1.8B
$10.6B
Proceeds of short-term and long-term loans
$2.7B
$5.1B
—
—
Repayment of short-term loans and long-term loans
($2.7B)
—
—
—
Purchase of noncontrolling interests
($1.1M)
—
($7.0M)
($56.7M)
Proceeds from exercise of employees' share options
$6.6M
$10.3M
$2.0K
$4.0K
Proceeds from issuance of convertible notes
$4.9B
$100.0M
($7.7B)
—
Repurchase of shares
-822.7M
-117.5M
—
-347.6M
Bilibili Inc ADR cash flow statement, quarters
Line item
Sep 30, 2022 · YTD
Net loss
($6.0B)
Depreciation of property and equipment
$556.8M
Amortization of intangible assets
$1.9B
Amortization of right-of-use assets
$177.6M
Amortization of debt issuance costs
$34.8M
Share-based compensation expenses
$785.9M
Allowance for doubtful accounts
$110.5M
Inventory provision
$138.6M
Deferred income taxes
($23.6M)
Unrealized exchange (gains)/ losses
$3.0M
Unrealized fair value changes of investments
($24.2M)
Loss on disposal of property and equipment
$362.0K
Gain on disposal of long-term investments and subsidiaries
($49.1M)
Loss from equity method investments
$113.2M
Revaluation of previously held equity interests
($152.2M)
Impairments of long-term investments
$306.9M
Gain of convertible senior notes repurchase
($475.8M)
Accounts receivable
($762.0K)
Amount due from related parties
($41.5M)
Prepayments and other assets
($506.4M)
Other long-term assets
($462.2M)
Accounts payable
$412.9M
Salary and welfare payable
($14.2M)
Taxes payable
$67.7M
Deferred revenue
$207.7M
Accrued liabilities and other payables
($549.2M)
Other long-term liabilities
$288.1M
Amount due to related parties
($34.9M)
Net cash used in operating activities
($3.2B)
Purchase of property and equipment
($716.4M)
Purchase of intangible assets
($1.5B)
Purchase of short-term investments
($63.5B)
Maturities of short-term investments
$73.1B
Cash consideration paid for purchase of subsidiaries, net of cash acquired
($1.1B)
Cash paid for long-term investments including loans
($1.4B)
Repayment of loans from investees
$555.6M
Cash received from disposal/return of investments
$293.9M
Placements of time deposits
($9.5B)
Maturities of time deposits
$6.3B
Impact to cash resulting from deconsolidation of subsidiaries
($125.0K)
Net cash (used in)/ provided by investing activities
$2.4B
Proceeds of short-term loans
$1.3B
Repayment of short-term loans
($1.2B)
Purchase of noncontrolling interests
($56.7M)
Proceeds from exercise of employees' share options