Bilibili (BILI) Operating Expenses (2017 - 2026)

Bilibili's Operating Expenses history runs 10 years deep, the most recent figure standing at -$376.3 million for Q1 2026.

• In Q1 2026, Operating Expenses fell 8.19% year-over-year to -$376.3 million; the TTM figure through Mar 2026 stood at -$1.4 billion (changed 0.14% YoY), while the FY2025 annual figure was $1.4 billion, up 3.06% from the prior year.
• Operating Expenses was -$376.3 million for Q1 2026 at Bilibili, down from -$363.4 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of -$334.1 million in Q2 2024 to a low of -$502.9 million in Q4 2022.
• Historically, Operating Expenses has averaged -$380.8 million across 5 years, with a median of -$363.4 million in 2025.
• Biggest YoY gain for Operating Expenses was 69.3% in 2022; the steepest drop was 45.15% in 2022.
• A 5-year view of Operating Expenses shows it stood at -$502.9 million in 2022, then climbed by 18.13% to -$411.8 million in 2023, then climbed by 10.0% to -$370.6 million in 2024, then climbed by 1.94% to -$363.4 million in 2025, then retreated by 3.55% to -$376.3 million in 2026.
• The last three Operating Expenses figures came in at -$376.3 million (Q1 2026), -$363.4 million (Q4 2025), and -$344.3 million (Q3 2025), per Business Quant data.