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Side-by-side financial comparison of Bilibili Inc. (BILI) and Dream Finders Homes, Inc. (DFH). Click either name above to swap in a different company.
Bilibili Inc. is the larger business by last-quarter revenue ($1.3B vs $1.2B, roughly 1.0× Dream Finders Homes, Inc.). Bilibili Inc. runs the higher net margin — 6.0% vs 4.8%, a 1.1% gap on every dollar of revenue. On growth, Bilibili Inc. posted the faster year-over-year revenue change (26.2% vs -22.3%). Over the past eight quarters, Bilibili Inc.'s revenue compounded faster (27.3% CAGR vs 21.0%).
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.
Dream Finders Homes, Inc. is a U.S. homebuilding firm that constructs and sells entry-level to luxury residential properties, including single-family homes and townhomes, across high-growth domestic markets. It also provides mortgage, title insurance and home warranty services for homebuyers.
BILI vs DFH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.2B |
| Net Profit | $75.7M | $58.8M |
| Gross Margin | 37.0% | — |
| Operating Margin | 5.8% | 6.4% |
| Net Margin | 6.0% | 4.8% |
| Revenue YoY | 26.2% | -22.3% |
| Net Profit YoY | 143.0% | -54.9% |
| EPS (diluted) | $1.14 | $0.57 |
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.
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.1B | $969.8M | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $965.1M | $989.9M | ||
| Q4 24 | $1.0B | $1.6B | ||
| Q3 24 | $1.0B | $1.0B | ||
| Q2 24 | $843.1M | $1.1B | ||
| Q1 24 | $784.5M | $827.8M |
| Q4 25 | $75.7M | $58.8M | ||
| Q3 25 | $65.9M | $47.0M | ||
| Q2 25 | $30.5M | $56.6M | ||
| Q1 25 | $-1.5M | $54.9M | ||
| Q4 24 | $-176.0M | $130.5M | ||
| Q3 24 | $11.4M | $70.7M | ||
| Q2 24 | $83.7M | $80.9M | ||
| Q1 24 | $-105.9M | $54.5M |
| Q4 25 | 37.0% | — | ||
| Q3 25 | 36.7% | — | ||
| Q2 25 | 36.5% | — | ||
| Q1 25 | 36.3% | — | ||
| Q4 24 | 36.2% | — | ||
| Q3 24 | 34.9% | — | ||
| Q2 24 | 29.9% | 19.2% | ||
| Q1 24 | 28.3% | 18.0% |
| Q4 25 | 5.8% | 6.4% | ||
| Q3 25 | 4.6% | 6.3% | ||
| Q2 25 | 3.4% | 6.4% | ||
| Q1 25 | 0.2% | 7.2% | ||
| Q4 24 | -16.0% | 10.8% | ||
| Q3 24 | 0.9% | 9.2% | ||
| Q2 24 | 9.5% | 10.0% | ||
| Q1 24 | -14.5% | 8.6% |
| Q4 25 | 6.0% | 4.8% | ||
| Q3 25 | 6.1% | 4.8% | ||
| Q2 25 | 3.0% | 4.9% | ||
| Q1 25 | -0.2% | 5.5% | ||
| Q4 24 | -17.5% | 8.4% | ||
| Q3 24 | 1.1% | 7.0% | ||
| Q2 24 | 9.9% | 7.7% | ||
| Q1 24 | -13.5% | 6.6% |
| Q4 25 | $1.14 | $0.57 | ||
| Q3 25 | $1.05 | $0.47 | ||
| Q2 25 | $0.51 | $0.56 | ||
| Q1 25 | $0.00 | $0.54 | ||
| Q4 24 | $0.21 | $1.28 | ||
| Q3 24 | $-0.03 | $0.70 | ||
| Q2 24 | $-0.20 | $0.81 | ||
| Q1 24 | $-1.80 | $0.55 |
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 | $234.8M |
| Total DebtLower is stronger | $1.4B | $1.6B |
| Stockholders' EquityBook value | $2.2B | $1.4B |
| Total Assets | $5.9B | $3.7B |
| Debt / EquityLower = less leverage | 0.62× | 1.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.7B | $234.8M | ||
| Q3 25 | $2.4B | $251.0M | ||
| Q2 25 | — | $210.3M | ||
| Q1 25 | $1.9B | $297.5M | ||
| Q4 24 | $1.8B | $274.4M | ||
| Q3 24 | $11.7B | $204.9M | ||
| Q2 24 | — | $274.8M | ||
| Q1 24 | $1.1B | $239.4M |
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | — | — | ||
| Q1 25 | $700.3M | — | ||
| Q4 24 | $662.5M | $1.3B | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $684.5M | — |
| Q4 25 | $2.2B | $1.4B | ||
| Q3 25 | $2.1B | $1.4B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | $2.0B | $1.3B | ||
| Q4 24 | $1.9B | $1.2B | ||
| Q3 24 | $13.7B | $1.1B | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | $1.9B | $968.7M |
| Q4 25 | $5.9B | $3.7B | ||
| Q3 25 | $5.6B | $3.8B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | $4.6B | $3.5B | ||
| Q4 24 | $4.5B | $3.3B | ||
| Q3 24 | $32.0B | $3.3B | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | $4.2B | $2.7B |
| Q4 25 | 0.62× | 1.13× | ||
| Q3 25 | 0.65× | 1.29× | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.34× | 1.03× | ||
| Q3 24 | 0.31× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.36× | — |
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 | $143.6M |
| Free Cash FlowOCF − Capex | — | $136.0M |
| FCF MarginFCF / Revenue | — | 11.2% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | 3.47× | 2.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-126.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $263.1M | $143.6M | ||
| Q3 25 | $283.2M | $-131.0M | ||
| Q2 25 | $277.7M | $-68.5M | ||
| Q1 25 | $179.4M | $-44.7M | ||
| Q4 24 | $191.9M | $306.5M | ||
| Q3 24 | $2.2B | $-205.0M | ||
| Q2 24 | — | $-110.6M | ||
| Q1 24 | $88.3M | $-247.5M |
| Q4 25 | — | $136.0M | ||
| Q3 25 | — | $-135.7M | ||
| Q2 25 | — | $-78.8M | ||
| Q1 25 | $174.5M | $-47.9M | ||
| Q4 24 | — | $302.6M | ||
| Q3 24 | — | $-222.5M | ||
| Q2 24 | — | $-112.4M | ||
| Q1 24 | — | $-249.6M |
| Q4 25 | — | 11.2% | ||
| Q3 25 | — | -14.0% | ||
| Q2 25 | — | -6.8% | ||
| Q1 25 | 18.1% | -4.8% | ||
| Q4 24 | — | 19.4% | ||
| Q3 24 | — | -22.1% | ||
| Q2 24 | — | -10.6% | ||
| Q1 24 | — | -30.2% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | 0.5% | 0.3% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | 3.47× | 2.44× | ||
| Q3 25 | 4.30× | -2.79× | ||
| Q2 25 | 9.11× | -1.21× | ||
| Q1 25 | — | -0.81× | ||
| Q4 24 | — | 2.35× | ||
| Q3 24 | 195.23× | -2.90× | ||
| Q2 24 | — | -1.37× | ||
| Q1 24 | — | -4.54× |
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% |
DFH
| Midwest Segment | $454.2M | 37% |
| Southeast Segment | $397.5M | 33% |
| Mid Atlantic Segment | $307.3M | 25% |
| Financial Services Segment | $53.7M | 4% |
