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Side-by-side financial comparison of Bilibili Inc. (BILI) and RXO, Inc. (RXO). Click either name above to swap in a different company.
RXO, Inc. is the larger business by last-quarter revenue ($1.5B vs $1.3B, roughly 1.2× Bilibili Inc.). Bilibili Inc. runs the higher net margin — 6.0% vs -3.1%, a 9.1% gap on every dollar of revenue. On growth, Bilibili Inc. posted the faster year-over-year revenue change (26.2% vs -11.9%). Over the past eight quarters, Bilibili Inc.'s revenue compounded faster (27.3% CAGR vs 26.8%).
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.
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
BILI vs RXO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.5B |
| Net Profit | $75.7M | $-46.0M |
| Gross Margin | 37.0% | — |
| Operating Margin | 5.8% | -2.9% |
| Net Margin | 6.0% | -3.1% |
| Revenue YoY | 26.2% | -11.9% |
| Net Profit YoY | 143.0% | -84.0% |
| EPS (diluted) | $1.14 | $-0.28 |
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 | $1.5B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.0B | $1.4B | ||
| Q1 25 | $965.1M | $1.4B | ||
| Q4 24 | $1.0B | $1.7B | ||
| Q3 24 | $1.0B | $1.0B | ||
| Q2 24 | $843.1M | $930.0M | ||
| Q1 24 | $784.5M | $913.0M |
| Q4 25 | $75.7M | $-46.0M | ||
| Q3 25 | $65.9M | $-14.0M | ||
| Q2 25 | $30.5M | $-9.0M | ||
| Q1 25 | $-1.5M | $-31.0M | ||
| Q4 24 | $-176.0M | $-25.0M | ||
| Q3 24 | $11.4M | $-243.0M | ||
| Q2 24 | $83.7M | $-7.0M | ||
| Q1 24 | $-105.9M | $-15.0M |
| 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 24 | 28.3% | — |
| Q4 25 | 5.8% | -2.9% | ||
| Q3 25 | 4.6% | -0.5% | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 0.2% | -2.1% | ||
| Q4 24 | -16.0% | -1.4% | ||
| Q3 24 | 0.9% | -1.9% | ||
| Q2 24 | 9.5% | — | ||
| Q1 24 | -14.5% | -1.3% |
| Q4 25 | 6.0% | -3.1% | ||
| Q3 25 | 6.1% | -1.0% | ||
| Q2 25 | 3.0% | -0.6% | ||
| Q1 25 | -0.2% | -2.2% | ||
| Q4 24 | -17.5% | -1.5% | ||
| Q3 24 | 1.1% | -23.4% | ||
| Q2 24 | 9.9% | -0.8% | ||
| Q1 24 | -13.5% | -1.6% |
| Q4 25 | $1.14 | $-0.28 | ||
| Q3 25 | $1.05 | $-0.08 | ||
| Q2 25 | $0.51 | $-0.05 | ||
| Q1 25 | $0.00 | $-0.18 | ||
| Q4 24 | $0.21 | $-0.17 | ||
| Q3 24 | $-0.03 | $-1.81 | ||
| Q2 24 | $-0.20 | $-0.06 | ||
| Q1 24 | $-1.80 | $-0.13 |
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 | $17.0M |
| Total DebtLower is stronger | $1.4B | $387.0M |
| Stockholders' EquityBook value | $2.2B | $1.5B |
| Total Assets | $5.9B | $3.3B |
| Debt / EquityLower = less leverage | 0.62× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.7B | $17.0M | ||
| Q3 25 | $2.4B | $25.0M | ||
| Q2 25 | — | $18.0M | ||
| Q1 25 | $1.9B | $16.0M | ||
| Q4 24 | $1.8B | $35.0M | ||
| Q3 24 | $11.7B | $55.0M | ||
| Q2 24 | — | $7.0M | ||
| Q1 24 | $1.1B | $7.0M |
| Q4 25 | $1.4B | $387.0M | ||
| Q3 25 | $1.4B | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | $700.3M | $387.0M | ||
| Q4 24 | $662.5M | $351.0M | ||
| Q3 24 | $4.3B | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | $684.5M | $351.0M |
| Q4 25 | $2.2B | $1.5B | ||
| Q3 25 | $2.1B | $1.6B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | $2.0B | $1.6B | ||
| Q4 24 | $1.9B | $1.6B | ||
| Q3 24 | $13.7B | $1.7B | ||
| Q2 24 | — | $579.0M | ||
| Q1 24 | $1.9B | $582.0M |
| Q4 25 | $5.9B | $3.3B | ||
| Q3 25 | $5.6B | $3.2B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | $4.6B | $3.3B | ||
| Q4 24 | $4.5B | $3.4B | ||
| Q3 24 | $32.0B | $3.4B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | $4.2B | $1.8B |
| Q4 25 | 0.62× | 0.25× | ||
| Q3 25 | 0.65× | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | 0.35× | 0.24× | ||
| Q4 24 | 0.34× | 0.22× | ||
| Q3 24 | 0.31× | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | 0.36× | 0.60× |
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 | $7.0M |
| Free Cash FlowOCF − Capex | — | $-9.0M |
| FCF MarginFCF / Revenue | — | -0.6% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | 3.47× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $263.1M | $7.0M | ||
| Q3 25 | $283.2M | $23.0M | ||
| Q2 25 | $277.7M | $23.0M | ||
| Q1 25 | $179.4M | $-2.0M | ||
| Q4 24 | $191.9M | $-7.0M | ||
| Q3 24 | $2.2B | $-7.0M | ||
| Q2 24 | — | $-5.0M | ||
| Q1 24 | $88.3M | $7.0M |
| Q4 25 | — | $-9.0M | ||
| Q3 25 | — | $9.0M | ||
| Q2 25 | — | $9.0M | ||
| Q1 25 | $174.5M | $-17.0M | ||
| Q4 24 | — | $-19.0M | ||
| Q3 24 | — | $-18.0M | ||
| Q2 24 | — | $-16.0M | ||
| Q1 24 | — | $-4.0M |
| Q4 25 | — | -0.6% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | 18.1% | -1.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | -1.7% | ||
| Q2 24 | — | -1.7% | ||
| Q1 24 | — | -0.4% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | 0.5% | 1.0% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | 3.47× | — | ||
| Q3 25 | 4.30× | — | ||
| Q2 25 | 9.11× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 195.23× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
