Bilibili annual net debt
2019
2020
2021
2022
2023
2024
2025
Bilibili Net Debt Growth & History (BILI)
Bilibili's net debt was −$364.2M for fiscal 2025.
View full Bilibili company overviewBilibili annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −$364.2M | $377.4M | — |
| 2024 | 2024-12-31 | −$741.6M | −$778.9M | — |
| 2023 | 2023-12-31 | $37.3M | −$706.8M | −94.99% |
| 2022 | 2022-12-31 | $744.1M | −$1.06B | −58.74% |
| 2021 | 2021-12-31 | $1.80B | $1.24B | +222.33% |
| 2020 | 2020-12-31 | $559.5M | $829.6M | — |
| 2019 | 2019-12-31 | −$270.1M | — | — |
Bilibili quarterly net debt
Q4.19
Q4.20
Q4.21
Q3.22
Q4.22
Q4.23
Q4.24
Q4.25
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | −$364.2M | $377.4M | — |
| Q4 2024 | 2024-12-31 | −$741.6M | −$778.9M | — |
| Q4 2023 | 2023-12-31 | $37.3M | −$706.8M | −94.99% |
| Q4 2022 | 2022-12-31 | $744.1M | −$1.06B | −58.74% |
| Q3 2022 | 2022-09-30 | $1.94B | — | — |
| Q4 2021 | 2021-12-31 | $1.80B | $1.24B | +222.33% |
| Q4 2020 | 2020-12-31 | $559.5M | $829.6M | — |
| Q4 2019 | 2019-12-31 | −$270.1M | — | — |
Bilibili net debt trends
Over the last five fiscal years, Bilibili's net debt decreased from $559.5M to −$364.2M, a change of −$923.7M. The latest reported quarter, Q4 2025, shows −$364.2M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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