BILI Social International Reports 451% Revenue Growth and Net Income Turnaround in Latest Financial Filing

BILI Social International, Inc., formerly known as Allied Energy, Inc., reported significant financial improvements in its latest 10-Q filing for the six months ending June 30, 2026. The company generated net revenues of $1.27 million, a substantial increase of 451.3% compared to $230,028 during the same period in 2025. The gross margin also saw a notable rise, reaching $1.02 million, up from $150,992, reflecting a gross margin percentage increase from 65.64% to 80.63%. The company reported a net income of $218,215, a turnaround from a net loss of $142,740 in the prior year.

The financial performance for the second quarter of 2026 mirrored this upward trend, with revenues of $730,686, a 221.6% increase from $227,208 in Q2 2025. The gross margin for this quarter was $616,668, representing a gross margin percentage of 84.40%, up from 76.14% in the previous year. Operating expenses also increased significantly, with selling, general, and administrative expenses rising to $738,227 for the six months ended June 30, 2026, compared to $294,383 in 2025, primarily due to higher payroll and legal costs associated with business expansion.

BILI Social International has undergone strategic changes, including a name change and a reverse stock split, effective June 5, 2026. The company’s stock symbol changed to "BSCL" following these actions. Additionally, the company has expanded its board of directors, adding three independent members to enhance governance and oversight. The operational focus remains on its AI-powered social commerce platform, which connects influencers with brands, generating revenue through transaction fees and service fees for managed campaigns.

As of June 30, 2026, BILI reported total assets of $1.70 million, up from $1.58 million at the end of 2025. Current assets increased to $1.61 million, driven by a rise in accounts receivable, which reached $1.45 million. The company’s current liabilities decreased to $392,608, resulting in a working capital of $1.21 million, an increase from $1.01 million at the end of the previous year. This improvement in working capital is attributed to the revenue growth and effective management of operational expenses.

Looking ahead, BILI Social International anticipates continued growth driven by the adoption of its BILI Base™ platform and the expansion of managed campaigns under BILI Boost™. The company plans to maintain financial flexibility to support its technological infrastructure and personnel needs while pursuing further growth opportunities. However, management acknowledges the need for additional funding through equity or debt financing to support its expansion plans, emphasizing the importance of maintaining adequate cash reserves to meet operational and capital obligations.