Pulling SEC filings + quote and writing the call…
Pulling SEC filings + quote and writing the call…

Bilibili Inc.
Next earnings Aug 17, 2026 · consensus $1.41 EPS, $8.06B rev
Bilibili just flipped to profit with expanding margins and strong cash flow, but China ADR/VIE risk and 44x earnings keep it a hold.
Middling fundamentals and a rich price (~29% above fair value) leave little margin of safety — a wait-and-see.
Sources: SEC EDGAR (CIK 0001723690, latest 6-K filed 2026-06-17) · EODHD · analysis by claude-code · as of 6/21/2026, 8:55:22 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.
Bilibili is a leading Chinese online video, gaming and community platform, and FY2025 marks a genuine profitability inflection. Revenue grew 18.1% to $4.34B, but the more important signal is operating leverage: gross profit rose 32.2% with gross margin expanding to 36.6%, operating income swung to a positive $161M (up 187.3%), and the company posted its first meaningful full-year net income of $171M (diluted EPS $0.39). After years of losses (FY2021-FY2024 show no positive net income), this is a credible turn from cash-burning growth toward sustainable profitability, helped by R&D being held essentially flat (+0.1% to $505M) while revenue grew.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $3.04B | $3.18B | $3.17B | $3.68B | $4.34B |
| Gross profit | $634M | $558M | $766M | $1.20B | $1.59B |
| Operating income | -$1.01B | -$1.21B | -$713M | -$184M | $161M |
| Net income | — | — | — | — | $171M |
| Diluted EPS | -$2.80 | -$2.75 | -$1.64 | -$0.44 | $0.39 |
| Net margin | — | — | — | — | 3.9% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1482 tracked peers · median
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.