Bilibili (BILI) Research & Development (2017 - 2026)
Bilibili (BILI) recorded Research & Development of -$148.13 million in Q2 2026, compared with -$119.78 million a year earlier.
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Analysis
Bilibili (BILI) Research & Development (2017 - 2026) Analysis & Trends
On a TTM basis, Bilibili's Research & Development came in at -$537.35 million as of Jun 30, 2026; for FY2025, it was -$505.28 million.
- Across earlier years, Research & Development came in at -$504.87 million in FY2024, -$629.23 million in FY2023, -$690.91 million in FY2022 and -$445.64 million in FY2021.
- The Q2 2026 figure is the lowest quarterly Research & Development since Q4 2023.
- Per Business Quant, the preceding three quarters came in at -$132.98 million (Q1 2026), -$129.86 million (Q4 2025) and -$126.38 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 18.22 Bn |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 21.66 Bn |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 1.01 Bn |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | -3.32 Bn |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 445.00 Mn |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 1.04 Bn |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | - |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | -673.00 Mn |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 468.43 Mn |
| 10 | Bilibili | 11.74 Bn | 2.21 Bn | 433.97 Mn | -148.13 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -148.13 Mn |
| Mar 31, 2026 | -132.98 Mn |
| Dec 31, 2025 | -129.86 Mn |
| Sep 30, 2025 | -126.38 Mn |
| Jun 30, 2025 | -119.78 Mn |
| Mar 31, 2025 | -115.96 Mn |
| Dec 31, 2024 | -127.98 Mn |
| Sep 30, 2024 | -126.42 Mn |
| Jun 30, 2024 | -123.59 Mn |
| Mar 31, 2024 | -134.97 Mn |
| Dec 31, 2023 | -184.34 Mn |
| Sep 30, 2023 | -147.39 Mn |
| Jun 30, 2023 | -149.53 Mn |
| Mar 31, 2023 | -150.08 Mn |
| Dec 31, 2022 | 210.03 Mn |
| Sep 30, 2022 | -165.35 Mn |
| Jun 30, 2022 | -171.62 Mn |
| Mar 31, 2022 | -158.95 Mn |
| Dec 31, 2021 | 124.75 Mn |
| Sep 30, 2021 | -121.86 Mn |
API Access
Bilibili Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=BILI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "BILI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=BILI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();