Bilibili Inc. is a Chinese online entertainment platform listed on NASDAQ (and also on the Hong Kong Stock Exchange), operating across video content, mobile games, and related interactive media services primarily in the People's Republic of China. The company operates through a Variable Interest Entity (VIE) structure, with Hode Shanghai identified as the primary beneficiary of the major VIEs, a structure required by PRC regulations governing foreign investment in internet businesses. Bilibili generates revenue from mobile games (including licensed and proprietary titles), advertising, live broadcasting, and other value-added services.

What is BILI's DredgeCap risk score?

DredgeCap's AI analysis rates BILI at 5.8/10 on the risk scale — Moderate risk. This score reflects dilution exposure, debt toxicity, liquidity position, and going-concern posture as disclosed in SEC filings.

Does BILI have a going concern warning?

No current auditor going-concern warning is flagged in BILI's SEC filings. Risk assessment is based on other filing-disclosed factors.

When did BILI last file with the SEC?

BILI's most recent SEC filing was a 6-K filed 2026-04-10. All filings are available on SEC EDGAR.

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6-KMay 8, 2026

BILI — 6-K Filing

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BILI Filing Excerpt

6-K 1 d146558d6k.htm FORM 6-K Form 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2026 Commission File Number: 001-38429 Bilibili Inc. Building 3, Guozheng Center, No. 485 Zhengli Road Yangpu District, Shanghai, 200433 People’s Republic of China (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐ Explanatory Note We submitted with The Stock Exchange of Hong Kong Limited a monthly return form dated May 8, 2026 in relation to the movements in our authorized share capital and issued shares in April 2026, attached as Exhibit 99.1 to this current report on Form 6-K. Exhibit Index Exhibit 99.1 – Monthly Return with The Stock Exchange of Hong Kong Limited – Monthly Return for Equity Issuer and Hong Kong Depositary Receipts listed under Chapter 19B of the Exchange Listing Rules on Movements in Securities SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the…

Current DredgeCap Risk Profile

Risk Score

5.8/10

ELEVATED

Dilution

5.0

Debt Toxicity

4.0

Going Concern

✓ Not flagged

The risk profile above reflects the latest cached DredgeCap analysis for BILI. For the full filing-by-filing analyst report (red flags, primary risk driver, what moves the stock), open BILI's company page.

What is a 6-K?

A report furnished by foreign private issuers covering interim disclosures (press releases, financial summaries, material announcements) that the company makes publicly available outside the US. Less rigorous than 10-Q/10-K equivalents — 6-Ks are "furnished" rather than "filed," and the company is not subject to the same liability provisions as for filed reports.

More on BILI

The plain-language summary above is composed mechanically from the filing's reported numbers — no analysis or opinion. Form-type explainers and 8-K item descriptions are derived from SEC documentation. This page does not constitute investment advice. Always consult the original filing on SEC EDGAR for authoritative content, and consult a licensed financial advisor for investment decisions.