Loading financials from SEC filings…
Internet content & information · Communication Services · Fiscal year ends Dec 31 · Reports in CNY
Kanzhun reported revenue of CNY 8.3B in the fiscal year ended Dec 2025, up 12.4% from the year before. Operating income was CNY 2.5B, an operating margin of 29.8%, and net income was CNY 2.7B. Operating cash flow of CNY 4.6B less capital expenditure of CNY 119M left free cash flow of CNY 4.4B.
Ranks among the 18 internet content & information companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 4,259 | 4,511 | 5,952 | 7,356 | 8,268 |
| Cost of revenue | 555 | 755 | 1,060 | 1,240 | 1,235 |
| Gross profit | 3,704 | 3,756 | 4,892 | 6,116 | 7,032 |
| Research & development | 822 | 1,183 | 1,544 | 1,816 | 1,654 |
| Selling, general & admin | 3,934 | 2,721 | 2,803 | 3,167 | 2,893 |
| Operating income | −1,036 | −130 | 581 | 1,173 | 2,464 |
| Pre-tax income | −1,012 | 117 | 1,222 | 1,833 | 3,200 |
| Income tax | 59.5 | 9.8 | 123 | 266 | 510 |
| Net income | −1,071 | 107 | 1,099 | 1,585 | 2,735 |
| Diluted EPS | −2.33 | 0.12 | 1.22 | 1.74 | 2.95 |
| Diluted shares | 529 | 912 | 903 | 909 | 927 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 11,342 | 9,752 | 2,473 | 2,553 | 4,105 |
| Receivables | 1.0 | 9.9 | 16.7 | 40.7 | 33.1 |
| Inventory | – | – | – | 3.0 | 2.4 |
| Current assets | 12,959 | 13,826 | 13,373 | 15,100 | 20,355 |
| Net PP&E | 369 | 691 | 1,793 | 1,734 | 1,245 |
| Goodwill | – | 5.7 | 5.7 | 6.5 | 6.5 |
| Total assets | 13,642 | 14,827 | 17,940 | 19,311 | 24,568 |
| Payables | 53.0 | 185 | 629 | 111 | 120 |
| Deferred revenue | 1,959 | 2,061 | 2,794 | 3,085 | 3,236 |
| Current liabilities | 2,784 | 3,031 | 4,357 | 4,192 | 4,371 |
| Total liabilities | 2,968 | 3,186 | 4,511 | 4,348 | 4,487 |
| Shareholders' equity | 10,674 | 11,641 | 13,429 | 14,867 | 20,031 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 1,641 | 1,003 | 3,047 | 3,542 | 4,552 |
| Capital expenditure | 260 | 340 | 956 | 856 | 119 |
| Free cash flow | 1,381 | 663 | 2,091 | 2,686 | 4,433 |
| Depreciation & amortisation | 80.1 | 140 | 259 | 468 | 518 |
| Stock-based compensation | 417 | 692 | 1,057 | 1,144 | 912 |
| Acquisitions | – | 9.9 | 0.1 | 150 | – |
| Share buybacks | 11.6 | 919 | 71.8 | 1,652 | 143 |
| Dividends paid | – | – | 563 | – | 553 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 5.9% | 31.9% | 23.6% | 12.4% |
| Operating income growth (YoY) | – | – | – | 101.9% | 110.1% |
| EPS growth (YoY) | – | – | 916.7% | 42.6% | 69.5% |
| Gross margin | 87.0% | 83.3% | 82.2% | 83.1% | 85.1% |
| Operating margin | −24.3% | −2.9% | 9.8% | 15.9% | 29.8% |
| Net margin | −25.1% | 2.4% | 18.5% | 21.5% | 33.1% |
| Return on equityBlank when equity is negative | −10.0% | 0.9% | 8.2% | 10.7% | 13.7% |
| ROCEEBIT ÷ (assets − current liabilities) | −9.5% | −1.1% | 4.3% | 7.8% | 12.2% |
| Free cash flow margin | 32.4% | 14.7% | 35.1% | 36.5% | 53.6% |
| Cash conversion (CFO ÷ net income) | −1.53x | 9.35x | 2.77x | 2.24x | 1.66x |
| Receivable days | 0 | 1 | 1 | 2 | 1 |
| Inventory days | – | – | – | 1 | 1 |
| Payable days | 35 | 90 | 217 | 33 | 35 |
| Current ratio | 4.65x | 4.56x | 3.07x | 3.60x | 4.66x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.