Bilibili Inc. balance sheet

At the end of fiscal 2025, Bilibili Inc. had total assets of $5.89bn, total liabilities of $3.66bn and shareholders' equity of $2.23bn. It held $1.74bn in cash against $1.38bn of debt: net cash of $364m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Bilibili Inc.: balance sheet, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	56	117	515	713	717	1,181	1,475	1,013	1,404	1,742
Receivables	—	60	47	107	161	217	193	222	168	181
Inventory	—	2	8	10	25	72	63	26	35	30
Total current assets	—	331	953	1,483	2,412	5,719	3,545	2,638	2,707	3,940
Goodwill	7	8	137	145	199	367	395	384	373	403
Total assets	—	534	1,526	2,229	3,658	8,168	6,065	4,670	4,480	5,887
Accounts payable	—	92	190	273	471	684	622	610	658	786
Deferred revenue (current)	—	88	143	197	325	415	409	416	521	667
Total current liabilities	—	215	480	614	1,133	1,894	2,478	2,550	2,022	2,907
Short-term debt	—	—	—	—	15	193	960	1,050	215	695
Long-term debt	—	—	—	490	1,278	2,791	1,259	0	447	683
Total debt	0	0	0	490	1,294	2,984	2,219	1,050	663	1,378
Total liabilities	—	215	480	1,132	2,465	4,761	3,855	2,642	2,547	3,663
Shareholders' equity	−191	−298	1,011	1,013	1,165	3,406	2,209	2,027	1,933	2,227
Non-controlling interests and other (assets − liabilities − equity)	—	617	35	84	—	—	—	—	—	—
Net debt (negative = net cash)	−56	−117	−515	−222	577	1,804	744	37	−742	−364

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Bilibili Inc.'s SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Bilibili Inc.