Bilibili Inc. (BILI) Research & Development (2017 - 2026)

Bilibili (BILI) has reported Research & Development for 10 consecutive years, with -$133.0 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Research & Development fell 14.68% year-over-year to -$133.0 million; the TTM figure through Mar 2026 stood at -$509.0 million (down 3.05% YoY), while the FY2025 annual figure was $505.3 million, changed 0.08% from the prior year.
• Research & Development came in at -$133.0 million for Q1 2026 at Bilibili, down from -$129.9 million in the prior quarter.
• The five-year high for Research & Development was -$116.0 million in Q1 2025, with the low at -$210.0 million in Q4 2022.
• Average Research & Development over 5 years is -$145.6 million, with a median of -$135.0 million recorded in 2024.
• The largest YoY upside for Research & Development was 52.71% in 2022 against a maximum downside of 77.57% in 2022.
• Year by year, Research & Development stood at -$210.0 million in 2022, then gained by 12.23% to -$184.3 million in 2023, then surged by 30.57% to -$128.0 million in 2024, then slipped by 1.47% to -$129.9 million in 2025, then declined by 2.4% to -$133.0 million in 2026.
• According to Business Quant data, Research & Development over the past three periods registered -$133.0 million, -$129.9 million, and -$126.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.