Bilibili (BILI) Cost of Revenue (2017 - 2026)

Bilibili's Cost of Revenue history runs 10 years deep, the most recent figure standing at $213.6 million for Q1 2026.

• In Q1 2026, Cost of Revenue fell 65.28% year-over-year to $213.6 million; the TTM figure through Mar 2026 stood at $213.6 million (down 91.66% YoY), while the FY2025 annual figure was $628.3 million, down 74.6% from the prior year.
• Cost of Revenue was $213.6 million for Q1 2026 at Bilibili, down from $738.8 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $738.8 million in Q4 2025 to a low of $213.6 million in Q1 2026.
• Historically, Cost of Revenue has averaged $591.6 million across 5 years, with a median of $632.5 million in 2022.
• The sharpest annual moves came in 2022 and 2023: Cost of Revenue slumped 71.33% in 2022, then soared 143.47% in 2023.
• A 5-year view of Cost of Revenue shows it stood at $688.0 million in 2022, then decreased by 5.34% to $651.3 million in 2023, then gained by 5.73% to $688.6 million in 2024, then rose by 7.3% to $738.8 million in 2025, then slumped by 71.09% to $213.6 million in 2026.
• The last three Cost of Revenue figures came in at $213.6 million (Q1 2026), $738.8 million (Q4 2025), and $680.1 million (Q3 2025), per Business Quant data.