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Side-by-side financial comparison of Bilibili Inc. (BILI) and Digital Realty (DLR). Click either name above to swap in a different company.
Digital Realty is the larger business by last-quarter revenue ($1.6B vs $1.3B, roughly 1.3× Bilibili Inc.). Digital Realty runs the higher net margin — 6.0% vs 6.0%, a 0.1% gap on every dollar of revenue. On growth, Bilibili Inc. posted the faster year-over-year revenue change (26.2% vs 16.1%). Over the past eight quarters, Bilibili Inc.'s revenue compounded faster (27.3% CAGR vs 9.8%).
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.
Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.
BILI vs DLR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.6B |
| Net Profit | $75.7M | $98.6M |
| Gross Margin | 37.0% | — |
| Operating Margin | 5.8% | 6.9% |
| Net Margin | 6.0% | 6.0% |
| Revenue YoY | 26.2% | 16.1% |
| Net Profit YoY | 143.0% | -10.3% |
| EPS (diluted) | $1.14 | $0.22 |
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 | — | $1.6B | ||
| Q4 25 | $1.3B | $1.6B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $965.1M | $1.4B | ||
| Q4 24 | $1.0B | $1.4B | ||
| Q3 24 | $1.0B | $1.4B | ||
| Q2 24 | $843.1M | $1.4B |
| Q1 26 | — | $98.6M | ||
| Q4 25 | $75.7M | $98.6M | ||
| Q3 25 | $65.9M | $67.8M | ||
| Q2 25 | $30.5M | $1.0B | ||
| Q1 25 | $-1.5M | $110.0M | ||
| Q4 24 | $-176.0M | $189.6M | ||
| Q3 24 | $11.4M | $51.2M | ||
| Q2 24 | $83.7M | $80.2M |
| Q1 26 | — | — | ||
| 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% | — |
| Q1 26 | — | 6.9% | ||
| Q4 25 | 5.8% | 6.9% | ||
| Q3 25 | 4.6% | 8.8% | ||
| Q2 25 | 3.4% | 14.2% | ||
| Q1 25 | 0.2% | 13.9% | ||
| Q4 24 | -16.0% | 10.1% | ||
| Q3 24 | 0.9% | 11.8% | ||
| Q2 24 | 9.5% | 0.7% |
| Q1 26 | — | 6.0% | ||
| Q4 25 | 6.0% | 6.0% | ||
| Q3 25 | 6.1% | 4.3% | ||
| Q2 25 | 3.0% | 69.1% | ||
| Q1 25 | -0.2% | 7.8% | ||
| Q4 24 | -17.5% | 13.2% | ||
| Q3 24 | 1.1% | 3.6% | ||
| Q2 24 | 9.9% | 5.9% |
| Q1 26 | — | $0.22 | ||
| Q4 25 | $1.14 | $0.22 | ||
| Q3 25 | $1.05 | $0.15 | ||
| Q2 25 | $0.51 | $2.94 | ||
| Q1 25 | $0.00 | $0.27 | ||
| Q4 24 | $0.21 | $0.50 | ||
| Q3 24 | $-0.03 | $0.09 | ||
| Q2 24 | $-0.20 | $0.20 |
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 | $3.5B |
| Total DebtLower is stronger | $1.4B | — |
| Stockholders' EquityBook value | $2.2B | $22.9B |
| Total Assets | $5.9B | $49.4B |
| Debt / EquityLower = less leverage | 0.62× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.5B | ||
| Q4 25 | $2.7B | $3.5B | ||
| Q3 25 | $2.4B | $3.3B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | $1.9B | $2.3B | ||
| Q4 24 | $1.8B | $3.9B | ||
| Q3 24 | $11.7B | $2.2B | ||
| Q2 24 | — | $2.3B |
| 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 | — | $22.9B | ||
| Q4 25 | $2.2B | $22.9B | ||
| Q3 25 | $2.1B | $23.0B | ||
| Q2 25 | — | $22.9B | ||
| Q1 25 | $2.0B | $21.3B | ||
| Q4 24 | $1.9B | $21.3B | ||
| Q3 24 | $13.7B | $21.2B | ||
| Q2 24 | — | $20.5B |
| Q1 26 | — | $49.4B | ||
| Q4 25 | $5.9B | $49.4B | ||
| Q3 25 | $5.6B | $48.7B | ||
| Q2 25 | — | $48.7B | ||
| Q1 25 | $4.6B | $45.1B | ||
| Q4 24 | $4.5B | $45.3B | ||
| Q3 24 | $32.0B | $45.3B | ||
| Q2 24 | — | $43.6B |
| 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 | — | — |
| 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 | $719.0M | ||
| Q3 25 | $283.2M | $652.9M | ||
| Q2 25 | $277.7M | $641.2M | ||
| Q1 25 | $179.4M | $399.1M | ||
| Q4 24 | $191.9M | $769.5M | ||
| Q3 24 | $2.2B | $566.5M | ||
| Q2 24 | — | $573.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $174.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 18.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.47× | 7.29× | ||
| Q3 25 | 4.30× | 9.63× | ||
| Q2 25 | 9.11× | 0.62× | ||
| Q1 25 | — | 3.63× | ||
| Q4 24 | — | 4.06× | ||
| Q3 24 | 195.23× | 11.07× | ||
| Q2 24 | — | 7.15× |
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% |
DLR
Segment breakdown not available.
