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Side-by-side financial comparison of Bilibili Inc. (BILI) and BXP, Inc. (BXP). Click either name above to swap in a different company.
Bilibili Inc. is the larger business by last-quarter revenue ($1.3B vs $872.1M, roughly 1.5× BXP, Inc.). BXP, Inc. runs the higher net margin — 15.3% vs 6.0%, a 9.3% gap on every dollar of revenue. On growth, Bilibili Inc. posted the faster year-over-year revenue change (26.2% vs 0.8%). Over the past eight quarters, Bilibili Inc.'s revenue compounded faster (27.3% CAGR vs 1.3%).
Bilibili, nicknamed B Site, is a Chinese online video sharing website based in Shanghai where users can submit, view, and add overlaid commentary on videos.
BXP Inc., operating as Boston Properties, is a leading U.S. real estate investment trust focused on owning, managing and developing high-quality Class A commercial office properties across major U.S. metro markets, serving diverse corporate, tech and professional service tenants.
BILI vs BXP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $872.1M |
| Net Profit | $75.7M | $133.0M |
| Gross Margin | 37.0% | — |
| Operating Margin | 5.8% | — |
| Net Margin | 6.0% | 15.3% |
| Revenue YoY | 26.2% | 0.8% |
| Net Profit YoY | 143.0% | 53.0% |
| EPS (diluted) | $1.14 | $1.69 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $872.1M | ||
| Q4 25 | $1.3B | $877.1M | ||
| Q3 25 | $1.1B | $871.5M | ||
| Q2 25 | $1.0B | $868.5M | ||
| Q1 25 | $965.1M | $865.2M | ||
| Q4 24 | $1.0B | $858.6M | ||
| Q3 24 | $1.0B | $859.2M | ||
| Q2 24 | $843.1M | $850.5M |
| Q1 26 | — | $133.0M | ||
| Q4 25 | $75.7M | $248.4M | ||
| Q3 25 | $65.9M | $-121.7M | ||
| Q2 25 | $30.5M | $89.0M | ||
| Q1 25 | $-1.5M | $61.2M | ||
| Q4 24 | $-176.0M | $-228.9M | ||
| Q3 24 | $11.4M | $83.6M | ||
| Q2 24 | $83.7M | $79.6M |
| Q1 26 | — | — | ||
| Q4 25 | 37.0% | 58.8% | ||
| Q3 25 | 36.7% | 59.3% | ||
| Q2 25 | 36.5% | 59.2% | ||
| Q1 25 | 36.3% | 59.2% | ||
| Q4 24 | 36.2% | 59.7% | ||
| Q3 24 | 34.9% | 59.5% | ||
| Q2 24 | 29.9% | 59.8% |
| Q1 26 | — | — | ||
| Q4 25 | 5.8% | — | ||
| Q3 25 | 4.6% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | -16.0% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 9.5% | — |
| Q1 26 | — | 15.3% | ||
| Q4 25 | 6.0% | 28.3% | ||
| Q3 25 | 6.1% | -14.0% | ||
| Q2 25 | 3.0% | 10.2% | ||
| Q1 25 | -0.2% | 7.1% | ||
| Q4 24 | -17.5% | -26.7% | ||
| Q3 24 | 1.1% | 9.7% | ||
| Q2 24 | 9.9% | 9.4% |
| Q1 26 | — | $1.69 | ||
| Q4 25 | $1.14 | $1.56 | ||
| Q3 25 | $1.05 | $-0.77 | ||
| Q2 25 | $0.51 | $0.56 | ||
| Q1 25 | $0.00 | $0.39 | ||
| Q4 24 | $0.21 | $-1.46 | ||
| Q3 24 | $-0.03 | $0.53 | ||
| Q2 24 | $-0.20 | $0.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.7B | $512.8M |
| Total DebtLower is stronger | $1.4B | — |
| Stockholders' EquityBook value | $2.2B | $7.7B |
| Total Assets | $5.9B | $25.1B |
| Debt / EquityLower = less leverage | 0.62× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $512.8M | ||
| Q4 25 | $2.7B | $1.5B | ||
| Q3 25 | $2.4B | $861.1M | ||
| Q2 25 | — | $447.0M | ||
| Q1 25 | $1.9B | $398.1M | ||
| Q4 24 | $1.8B | $1.3B | ||
| Q3 24 | $11.7B | $1.4B | ||
| Q2 24 | — | $685.4M |
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $700.3M | — | ||
| Q4 24 | $662.5M | — | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $7.7B | ||
| Q4 25 | $2.2B | $5.1B | ||
| Q3 25 | $2.1B | $5.0B | ||
| Q2 25 | — | $5.3B | ||
| Q1 25 | $2.0B | $5.3B | ||
| Q4 24 | $1.9B | $5.4B | ||
| Q3 24 | $13.7B | $5.8B | ||
| Q2 24 | — | $5.8B |
| Q1 26 | — | $25.1B | ||
| Q4 25 | $5.9B | $26.2B | ||
| Q3 25 | $5.6B | $26.0B | ||
| Q2 25 | — | $25.6B | ||
| Q1 25 | $4.6B | $25.4B | ||
| Q4 24 | $4.5B | $26.1B | ||
| Q3 24 | $32.0B | $26.4B | ||
| Q2 24 | — | $25.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.62× | — | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.34× | — | ||
| Q3 24 | 0.31× | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $263.1M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | 3.47× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $263.1M | $407.8M | ||
| Q3 25 | $283.2M | $274.2M | ||
| Q2 25 | $277.7M | $353.1M | ||
| Q1 25 | $179.4M | $210.0M | ||
| Q4 24 | $191.9M | $383.7M | ||
| Q3 24 | $2.2B | $286.1M | ||
| Q2 24 | — | $367.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $362.7M | ||
| Q3 25 | — | $231.6M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | $174.5M | $152.6M | ||
| Q4 24 | — | $312.5M | ||
| Q3 24 | — | $234.5M | ||
| Q2 24 | — | $332.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 41.4% | ||
| Q3 25 | — | 26.6% | ||
| Q2 25 | — | 32.4% | ||
| Q1 25 | 18.1% | 17.6% | ||
| Q4 24 | — | 36.4% | ||
| Q3 24 | — | 27.3% | ||
| Q2 24 | — | 39.1% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | — | 5.1% | ||
| Q3 25 | — | 4.9% | ||
| Q2 25 | — | 8.2% | ||
| Q1 25 | 0.5% | 6.6% | ||
| Q4 24 | — | 8.3% | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | — | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.47× | 1.64× | ||
| Q3 25 | 4.30× | — | ||
| Q2 25 | 9.11× | 3.97× | ||
| Q1 25 | — | 3.43× | ||
| Q4 24 | — | — | ||
| Q3 24 | 195.23× | 3.42× | ||
| Q2 24 | — | 4.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BILI
| Value-added services (VAS) | $466.4M | 37% |
| Advertising | $435.0M | 34% |
| Mobile games | $220.3M | 17% |
| Other | $80.8M | 6% |
| IP derivatives and others | $68.2M | 5% |
BXP
| Lease | $818.2M | 94% |
| Parking and other | $30.8M | 4% |
| Development and management services | $9.2M | 1% |
