v3.26.1
Parent Company Only Condensed Financial Information (Tables)
12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Summary of Condensed statements of balance sheets
Condensed balance sheets


 
  
December 31,
2024
 
  
December 31,
2025
 
  
 
 
 
  
 
 
 
 
  
RMB in thousands
 
Cash and cash eq
uiv
alents
     10,721        4,173  
Time Deposits
     —         210,864  
Amounts due from Group companies
     15,688,455        19,066,168  
Prepayments and other current assets
     132,745        132,955  
Short-term investments
     445,470        345,823  
Long-term investments, net
     758,348        1,091,207  
Investments in subsidiaries and net assets of VIEs and VIEs’ subsidiaries
     345,248        2,686,268  
  
 
 
    
 
 
 
Total assets
  
 
17,380,987
 
  
 
23,537,458
 
  
 
 
    
 
 
 
Short-term loans and current portion of long-term debt
     31,657        3,162,384  
Deferred revenue
     9,836        1,508  
Accrued liabilities and other payables
     64,151        24,413  
Long-term debt and others
     3,166,946        4,775,871  
  
 
 
    
 
 
 
Total liabilities
  
 
3,272,590
 
  
 
7,964,176
 
  
 
 
    
 
 
 
Total Bilibili Inc’s shareholders’ equity
     14,108,397        15,573,282  
Total shareholders’ equity
  
 
14,108,397
 
  
 
15,573,282
 
  
 
 
    
 
 
 
Total liabilities and shareholders’ equity
  
 
17,380,987
 
  
 
23,537,458
 
  
 
 
    
 
 
 
Summary of Condensed statements of comprehensive loss
Condensed statements of comprehensive loss and cash flows
:
 
    
For the Year Ended December 31,
 
    
2023
    
2024
    
2025
 
    
RMB in thousands
 
Total costs and expenses
  
 
(43,924
) 
  
 
(24,139
) 
  
 
(16,408
) 
Net (loss)/profit from subsidiaries and VIEs and VIEs’ subsidiaries
     (4,745,316 )       (1,009,762 )       1,446,123  
Loss from
non-operations
     (33,081 )       (312,899 )       (236,184 )
  
 
 
    
 
 
    
 
 
 
(Loss)/profit before income tax expenses
  
 
(4,822,321
) 
  
 
(1,346,800
) 
  
 
1,193,531
 
  
 
 
    
 
 
    
 
 
 
Net (loss)/profit
  
 
(4,822,321
) 
  
 
(1,346,800
) 
  
 
1,193,531
 
  
 
 
    
 
 
    
 
 
 
Summary of Condensed statements of cash flows
 
  
For the Year Ended December 31,
 
 
  
2023
 
  
2024
 
  
2025
 
 
  
RMB in thousands
 
Net cash used in operating activities
  
 
(111,392
) 
  
 
(118,834
) 
  
 
(120,821
) 
  
 
 
    
 
 
    
 
 
 
Purchase of
short-term
investments
     (3,863 )       (70 )     (427,465 ) 
Maturity of
short-term
investments
     982,151        175,717      422,568
Placement of time deposits
     —         —       (211,779 ) 
Maturity of time deposits
     4,083,893        —       — 
Investments and loans from/(to) subsidiaries, VIEs and VIEs’ subsidiaries
     383,391        3,180,316      (3,506,156 )
Other investing activities
     (76,697 )       (147,691 )     (352,608 ) 
  
 
 
    
 
 
    
 
 
 
Net cash provided by/(used in) investing activities
  
 
5,368,875
 
  
 
3,208,272
 
  
(4,075,440
)
  
 
 
    
 
 
    
 
 
 
Purchase of noncontrolling interests
     (7,027 )       —       — 
Proceeds from exercise of employees’ share options
     2        10,268      6,559
Proceeds from issuance of ordinary shares, net of issuance costs
     2,689,380        —       — 
Proceeds from issuance of convertible senior notes, net of issuance costs
     —         —         4,886,978  
Proceeds of long-term loans
     —         3,100,000      — 
Repayment of long-term loans
     —         —         (31,000 ) 
Repurchase of shares
     —         (117,523 )     (822,713 ) 
Repurchase of convertible senior notes
     (7,675,227 )       (6,058,432 )     (474 ) 
Net cash (used in)/provided by financing activities
  
 
(4,992,872
) 
  
 
(3,065,687
) 
  
4,039,350