Bilibili Inc. (BILI) AI Stock Summary

Snapshot

Bilibili turned its first full-year profit in FY 2025: revenue grew 13.1% to $4.52B, gross margin was a healthy 36.6%, and net income hit $177.6M after two years of losses. Free cash flow was strong at $791.7B... actually $791.7M, with $3.60B cash against $1.44B debt. Share count rose 6.6% YoY, and a new $700M convertible note adds further dilution risk.

What's Happening Right Now

• Fri 4th Sep '26 · Convertible notes: On Sept 4, 2026, Bilibili priced $700M in convertible senior notes due 2031, with Tencent subscribing $200M, alongside a concurrent equity placement and share repurchases.
• Thu 27th Aug '26 · Earnings: Bilibili's Q2 2026 results showed daily active users up 7% YoY to 116.5 million, with management citing higher revenue and expanding profitability.
• Thu 27th Aug '26 · Earnings: Bilibili's Q2 EPS came in at $0.23, matching estimates and up from $0.18 a year earlier.
• Tue 30th Jun '26 · Buyback update: As of June 30, 2026, Bilibili had repurchased 1.9 million shares for about $31.3 million under its new buyback program.
• Wed 24th Jun '26 · Buyback: On June 24, 2026, Bilibili's board authorized a new $300 million share repurchase program running through 2028.

Ownership

Institutions hold 6.6%, insiders hold 0.4%.

Bottom Line

Bilibili turned a corner in FY 2025, posting its first annual profit alongside double-digit revenue growth and strong free cash flow, and the stock sits just above its 52-week low. But the picture is muddied by a fresh $700M convertible note offering paired with an equity placement, which adds to a share count already up 6.6% over the past year. A reader would want to watch how much the new notes and equity issuance dilute existing shareholders before treating this as a straightforward turnaround story.