Kanzhun Ltd - ADR (BZ) | Financial Analysis & Statements
Kanzhun Ltd - ADR Mid-cap Communication Services
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Sep 2025Income Metrics
Revenue
2.2B
Gross Profit
1.9B
85.77%
Operating Income
687.1M
31.76%
Net Income
775.4M
35.84%
EPS (Diluted)
$1.70
Balance Sheet Metrics
Total Assets
24.2B
Total Liabilities
4.9B
Shareholders Equity
19.3B
Debt to Equity
0.25
Cash Flow Metrics
Free Cash Flow
1.2B
Revenue & Profitability Trend
Quarter Income Flow
Sep 30, 2025
Annual Income Flow
2024
Kanzhun Ltd - ADR Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 7.4B | 6.0B | 4.5B | 4.3B | 1.9B |
| Cost of Goods Sold | 1.2B | 1.1B | 754.9M | 554.6M | 240.2M |
| Gross Profit | 6.1B | 4.9B | 3.8B | 3.7B | 1.7B |
| Gross Margin % | 83.1% | 82.2% | 83.3% | 87.0% | 87.6% |
| Operating Expenses | |||||
| Research & Development | 1.8B | 1.5B | 1.2B | 822.0M | 513.4M |
| Selling, General & Administrative | 3.2B | 2.8B | 2.7B | 3.9B | 2.1B |
| Other Operating Expenses | -39.8M | -35.4M | -17.6M | -15.0M | -8.8M |
| Total Operating Expenses | 4.9B | 4.3B | 3.9B | 4.7B | 2.6B |
| Operating Income | 1.2B | 581.0M | -129.5M | -1.0B | -944.9M |
| Operating Margin % | 15.9% | 9.8% | -2.9% | -24.3% | -48.6% |
| Non-Operating Items | |||||
| Interest Income | 625.3M | 606.8M | 226.5M | 34.5M | 3.1M |
| Interest Expense | - | - | - | - | 0 |
| Other Non-Operating Income | 34.4M | 34.1M | 20.0M | -9.7M | -88.0K |
| Pre-tax Income | 1.8B | 1.2B | 117.0M | -1.0B | -941.9M |
| Income Tax | 265.6M | 122.6M | 9.8M | 59.5M | 0 |
| Effective Tax Rate % | 14.5% | 10.0% | 8.3% | 0.0% | 0.0% |
| Net Income | 1.6B | 1.1B | 107.2M | -1.1B | -941.9M |
| Net Margin % | 21.3% | 18.5% | 2.4% | -25.1% | -48.4% |
| Key Metrics | |||||
| EBITDA | 1.9B | 1.0B | 149.3M | -844.9M | -840.9M |
| EPS (Basic) | $3.60 | $2.52 | $0.24 | $-4.66 | $-2.82 |
| EPS (Diluted) | $3.48 | $2.44 | $0.24 | $-4.66 | $-2.82 |
| Basic Shares Outstanding | 440941112 | 3172739947 | 3312170001 | 1922150403 | 3160542418 |
| Diluted Shares Outstanding | 440941112 | 3172739947 | 3312170001 | 1922150403 | 3160542418 |
Income Statement Trend
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Kanzhun Ltd - ADR Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 2.6B | 2.5B | 9.8B | 11.3B | 4.0B |
| Short-term Investments | 12.1B | 10.4B | 3.5B | 885.0M | 536.4M |
| Accounts Receivable | 40.7M | 16.7M | 9.9M | 1.0M | 7.0M |
| Inventory | 3.0M | - | - | - | - |
| Other Current Assets | 32.0M | 36.4M | 42.0M | 19.9M | 5.6M |
| Total Current Assets | 15.1B | 13.4B | 13.8B | 13.0B | 4.7B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 2.8B | 2.4B | 1.1B | 738.8M | 348.9M |
| Goodwill | 265.6M | 19.5M | 21.6M | 458.0K | 549.0K |
| Intangible Assets | 252.6M | 8.1M | 10.3M | 458.0K | 549.0K |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | - | 4.0M | 4.0M | 4.0M | - |
| Total Non-Current Assets | 4.2B | 4.6B | 1.0B | 682.7M | 336.0M |
| Total Assets | 19.3B | 17.9B | 14.8B | 13.6B | 5.1B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 110.7M | 629.2M | 185.3M | 33.0M | 19.5M |
| Short-term Debt | 180.8M | 155.0M | 151.4M | 127.5M | 59.6M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | - | - | - | - | - |
| Total Current Liabilities | 4.2B | 4.4B | 3.0B | 2.8B | 1.7B |
| Non-Current Liabilities | |||||
| Long-term Debt | 121.3M | 125.1M | 143.6M | 183.4M | 76.4M |
| Deferred Tax Liabilities | 34.5M | 28.4M | 11.4M | 0 | - |
| Other Non-Current Liabilities | - | - | - | - | - |
| Total Non-Current Liabilities | 155.8M | 153.5M | 155.0M | 183.4M | 5.7B |
| Total Liabilities | 4.3B | 4.5B | 3.2B | 3.0B | 7.4B |
| Equity | |||||
| Common Stock | 571.0K | 564.0K | 564.0K | 554.0K | 81.0K |
| Retained Earnings | -917.6M | -2.5B | -3.6B | -3.7B | -2.6B |
| Treasury Stock | 1.5B | 479.7M | 918.9M | 0 | 0 |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 15.0B | 13.4B | 11.6B | 10.7B | -2.3B |
| Key Metrics | |||||
| Total Debt | 302.1M | 280.1M | 295.0M | 310.9M | 135.9M |
| Working Capital | 10.9B | 9.0B | 10.8B | 10.2B | 3.0B |
Balance Sheet Composition
Kanzhun Ltd - ADR Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 1.6B | 1.1B | 107.2M | -1.1B | -941.9M |
| Depreciation & Amortization | 686.5M | 427.9M | 287.4M | 189.4M | 108.0M |
| Stock-Based Compensation | 1.1B | 1.1B | 692.2M | 417.3M | 124.1M |
| Working Capital Changes | 60.6M | 581.8M | -36.3M | 677.8M | 482.8M |
| Operating Cash Flow | 3.5B | 2.9B | 1.0B | 1.7B | 306.2M |
| Investing Activities | |||||
| Capital Expenditures | -855.9M | -948.6M | -339.8M | -259.9M | -138.2M |
| Acquisitions | -150.2M | -66.0K | -9.9M | 0 | 0 |
| Investment Purchases | -16.5B | -19.3B | -5.2B | -3.9B | -1.8B |
| Investment Sales | 15.5B | 10.3B | 2.7B | 3.6B | 2.4B |
| Investing Cash Flow | -2.0B | -9.9B | -2.8B | -601.9M | 467.3M |
| Financing Activities | |||||
| Share Repurchases | -1.7B | -71.8M | -918.9M | -11.6M | 0 |
| Dividends Paid | 0 | -562.9M | 0 | 0 | - |
| Debt Issuance | - | - | - | 0 | 0 |
| Debt Repayment | - | - | - | 0 | 0 |
| Financing Cash Flow | -1.7B | -634.7M | -918.9M | 6.4B | 2.9B |
| Free Cash Flow | 2.7B | 2.1B | 662.9M | 1.4B | 257.7M |
| Net Change in Cash | -213.6M | -7.7B | -2.7B | 7.5B | 3.7B |
Cash Flow Trend
Kanzhun Ltd - ADR Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
15.87
Forward P/E
9.33
Price to Book
2.15
Price to Sales
0.76
PEG Ratio
0.34
Profitability Ratios
Profit Margin
33.09%
Operating Margin
33.00%
Return on Equity
15.36%
Return on Assets
7.02%
Financial Health
Current Ratio
4.66
Debt to Equity
0.79
Beta
0.51
Per Share Data
EPS (TTM)
$0.86
Book Value per Share
$6.34
Revenue per Share
$18.35
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| BZ | 6.1B | 15.87 | 2.15 | 15.36% | 33.09% | 0.79 |
| Alphabet | 4.1T | 31.36 | 9.88 | 35.71% | 32.81% | 16.13 |
| Meta Platforms | 1.7T | 27.10 | 9.47 | 39.84% | 39.11% | 26.76 |
| Snap | 9.4B | -20.63 | 4.18 | -19.46% | -7.76% | 181.60 |
| Match | 8.4B | 15.35 | -33.07 | -242.09% | 17.59% | -16.14 |
| IAC | 3.4B | 18.97 | 0.73 | -2.11% | -4.35% | 33.99 |
Financial data is updated regularly. All figures are in the company's reporting currency.






