Bilibili Inc. (9626.HK) stock analysis

In our weekly check, Bilibili Inc. is graded C (A to F). Of 23 checks on debt, profit, cash flow and trend: 14 pass, warnings: 5, red flags: 4.

About Bilibili Inc.

Bilibili Inc. is a Communication Services company (Internet Content & Information) based in China, listed on HKSE as 9626.HK.

What our checks show for 9626.HK

Red flags

• Profits not backed by cash
• The net margin is only 4.9%: little room if costs rise.
• The stock has fallen as much as 93% from a peak. Would you have held through that?
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Earnings per share fell 42.3% a year over the last 3 years.
• Free cash flow is only 0% of revenue.
• The price swings a lot: 43.7% annual volatility. Expect large ups and downs.
• The stock is still below its previous peak.
• Return on capital (ROCE) is only 6.6%.

Strengths

• Operating profit covers interest 8.8 times over.
• The net margin rose by 40 points over 5 years, to 4.9%.
• The gross margin is 37.3% and has risen by 16.4 points: pricing power is holding.
• Analysts expect earnings per share to grow about 54.1% a year over the next years.
• Analysts expect the net margin to improve by 7.3 points from today's 4.9%.
• Beta 0.69: the stock usually moves less than the market.

Next earnings report: 2026-11-12

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Questions

What grade does Bilibili Inc. (9626.HK) have?

In our weekly check, Bilibili Inc. is graded C (A to F). Of 23 checks on debt, profit, cash flow and trend: 14 pass, warnings: 5, red flags: 4. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 9626.HK stock?

This week's biggest flags for Bilibili Inc.: Profits not backed by cash, Thin margins, Deep past fall. In total 9 of 23 checks show a warning or a red flag.

What does Bilibili Inc. do?

Bilibili Inc. is a Communication Services company (Internet Content & Information) based in China, listed on HKSE as 9626.HK.

When does Bilibili Inc. report earnings next?

The next earnings report is expected on 2026-11-12. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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