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Side-by-side financial comparison of Bilibili Inc. (BILI) and RENAISSANCERE HOLDINGS LTD (RNR). Click either name above to swap in a different company.
RENAISSANCERE HOLDINGS LTD is the larger business by last-quarter revenue ($2.2B vs $1.3B, roughly 1.7× Bilibili Inc.). RENAISSANCERE HOLDINGS LTD runs the higher net margin — 23.5% vs 6.0%, a 17.5% gap on every dollar of revenue. On growth, Bilibili Inc. posted the faster year-over-year revenue change (26.2% vs -36.8%). Over the past eight quarters, Bilibili Inc.'s revenue compounded faster (27.3% CAGR vs -11.9%).
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.
RenaissanceRe Holdings Ltd is a Bermudian provider of reinsurance, insurance and other related business services. The company operates in reinsurance, insurance and ventures.
BILI vs RNR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $2.2B |
| Net Profit | $75.7M | $515.8M |
| Gross Margin | 37.0% | — |
| Operating Margin | 5.8% | — |
| Net Margin | 6.0% | 23.5% |
| Revenue YoY | 26.2% | -36.8% |
| Net Profit YoY | 143.0% | 72.6% |
| EPS (diluted) | $1.14 | $6.57 |
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.
| Q1 26 | — | $2.2B | ||
| Q4 25 | $1.3B | $3.0B | ||
| Q3 25 | $1.1B | $3.2B | ||
| Q2 25 | $1.0B | $3.2B | ||
| Q1 25 | $965.1M | $3.5B | ||
| Q4 24 | $1.0B | $2.3B | ||
| Q3 24 | $1.0B | $4.0B | ||
| Q2 24 | $843.1M | $2.8B |
| Q1 26 | — | $515.8M | ||
| Q4 25 | $75.7M | $760.5M | ||
| Q3 25 | $65.9M | $916.5M | ||
| Q2 25 | $30.5M | $835.4M | ||
| Q1 25 | $-1.5M | $170.0M | ||
| Q4 24 | $-176.0M | $-189.7M | ||
| Q3 24 | $11.4M | $1.2B | ||
| Q2 24 | $83.7M | $503.9M |
| 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 | — | — | ||
| Q4 25 | 5.8% | 42.5% | ||
| Q3 25 | 4.6% | 46.3% | ||
| Q2 25 | 3.4% | 41.8% | ||
| Q1 25 | 0.2% | -2.0% | ||
| Q4 24 | -16.0% | -3.6% | ||
| Q3 24 | 0.9% | 43.7% | ||
| Q2 24 | 9.5% | 25.0% |
| Q1 26 | — | 23.5% | ||
| Q4 25 | 6.0% | 25.6% | ||
| Q3 25 | 6.1% | 28.7% | ||
| Q2 25 | 3.0% | 26.1% | ||
| Q1 25 | -0.2% | 4.9% | ||
| Q4 24 | -17.5% | -8.3% | ||
| Q3 24 | 1.1% | 29.8% | ||
| Q2 24 | 9.9% | 17.8% |
| Q1 26 | — | $6.57 | ||
| Q4 25 | $1.14 | $16.16 | ||
| Q3 25 | $1.05 | $19.40 | ||
| Q2 25 | $0.51 | $17.20 | ||
| Q1 25 | $0.00 | $3.27 | ||
| Q4 24 | $0.21 | $-3.76 | ||
| Q3 24 | $-0.03 | $22.62 | ||
| Q2 24 | $-0.20 | $9.41 |
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 | $1.6B |
| Total DebtLower is stronger | $1.4B | — |
| Stockholders' EquityBook value | $2.2B | $4.3B |
| Total Assets | $5.9B | $53.7B |
| Debt / EquityLower = less leverage | 0.62× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $2.7B | $1.7B | ||
| Q3 25 | $2.4B | $1.7B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | $1.9B | $1.6B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $11.7B | $1.6B | ||
| Q2 24 | — | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $2.3B | ||
| Q3 25 | $1.4B | $2.2B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | $700.3M | $2.8B | ||
| Q4 24 | $662.5M | $1.9B | ||
| Q3 24 | $4.3B | $1.9B | ||
| Q2 24 | — | $2.0B |
| Q1 26 | — | $4.3B | ||
| Q4 25 | $2.2B | $11.6B | ||
| Q3 25 | $2.1B | $11.5B | ||
| Q2 25 | — | $10.8B | ||
| Q1 25 | $2.0B | $10.3B | ||
| Q4 24 | $1.9B | $10.6B | ||
| Q3 24 | $13.7B | $11.2B | ||
| Q2 24 | — | $10.2B |
| Q1 26 | — | $53.7B | ||
| Q4 25 | $5.9B | $53.8B | ||
| Q3 25 | $5.6B | $54.5B | ||
| Q2 25 | — | $54.7B | ||
| Q1 25 | $4.6B | $53.6B | ||
| Q4 24 | $4.5B | $50.7B | ||
| Q3 24 | $32.0B | $52.8B | ||
| Q2 24 | — | $51.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.62× | 0.20× | ||
| Q3 25 | 0.65× | 0.19× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | 0.35× | 0.27× | ||
| Q4 24 | 0.34× | 0.18× | ||
| Q3 24 | 0.31× | 0.17× | ||
| Q2 24 | — | 0.19× |
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 | $483.0M | ||
| Q3 25 | $283.2M | $1.6B | ||
| Q2 25 | $277.7M | $1.5B | ||
| Q1 25 | $179.4M | $157.8M | ||
| Q4 24 | $191.9M | $778.9M | ||
| Q3 24 | $2.2B | $1.5B | ||
| Q2 24 | — | $1.2B |
| 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× | 0.64× | ||
| Q3 25 | 4.30× | 1.73× | ||
| Q2 25 | 9.11× | 1.76× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | — | — | ||
| Q3 24 | 195.23× | 1.26× | ||
| Q2 24 | — | 2.41× |
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% |
RNR
Segment breakdown not available.
