Strong execution and profitability improvement support a positive outlook. Watch for continued paid customer conversion and margin expansion. The expanded buyback and dividend policy provide downside support. Key risk remains China regulatory and macro headwinds.
Price Chart
Executive Summary
Kanzhun Ltd reported strong FY2025 results with revenue growing 12.4% YoY to RMB 8.3B and net income surging 71.7% to RMB 2.7B, driven by paid enterprise customer growth (+11.5% to 6.8M) and expanding MAU (+14.5% to 60.7M). Operating income more than doubled (+110.1%) to RMB 2.5B as sales & marketing efficiency improved. The company maintains a robust balance sheet with nearly RMB 20B in cash/short-term investments and an expanded share repurchase program of up to $400M through August 2027.
Key Facts
- FY2025 revenue increased 12.4% YoY to RMB 8,267.5 million ($1,182.2 million).
- FY2025 net income increased 71.7% YoY to RMB 2,690.5 million ($384.7 million).
- FY2025 operating income increased 110.1% YoY to RMB 2,464.1 million ($352.4 million).
- Paid enterprise customers grew 11.5% YoY to 6.8 million in FY2025.
- Average MAU grew 14.5% to 60.7 million in FY2025.
- Cash, short-term time deposits and short-term investments totaled RMB 19.9 billion ($2.9 billion) as of Dec 31, 2025.
- Share repurchase program extended to up to $400 million through August 2027.
Financial Impact
Revenue +12.4% to RMB8.27B, Net Income +71.7% to RMB2.69B, Operating Income +110.1% to RMB2.46B
Risk Factors
- Regulatory risks in China (data privacy, VIE structure, overseas listing rules).
- US-China tensions and potential delisting under HFCAA.
- Macroeconomic slowdown affecting hiring demand.
- Competition from other online recruitment platforms.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 11 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 20-F Filing (Primary) | 0001104659-26-050959 |
| Document: bz-20251231xex12d1.htm | 0001104659-26-050959 |
| Document: bz-20251231xex12d2.htm | 0001104659-26-050959 |
| Document: bz-20251231xex15d2.htm | 0001104659-26-050959 |
| Document: bz-20251231xex15d3.htm | 0001104659-26-050959 |
| Document: bz-20251231xex13d1.htm | 0001104659-26-050959 |
| Document: bz-20251231xex13d2.htm | 0001104659-26-050959 |
| Document: bz-20251231xex15d1.htm | 0001104659-26-050959 |
| Document: 0001104659-26-050959-index-headers.html | 0001104659-26-050959 |
| Document: 0001104659-26-050959-index.html | 0001104659-26-050959 |
| Document: 0001104659-26-050959.txt | 0001104659-26-050959 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | Institutional Cluster | $16.56 | awaiting T+60 | — | $16.66 (+0.60%) |
Oct 23, 2026 4d ago | 6-K | $16.66 | awaiting T+60 | — | $16.66 (−0.00%) |
Oct 21, 2026 6d ago | Institutional Cluster | $16.41 | awaiting T+60 | — | $16.66 (+1.52%) |
Oct 7, 2026 20d ago | 6-K | $15.18 | awaiting T+60 | — | $16.66 (+9.75%) |
Oct 2, 2026 25d ago | 6-K | $14.83 | awaiting T+60 | — | $16.66 (+12.34%) |
Sep 22, 2026 5w ago | Press Release | $14.28 | awaiting T+60 | — | $16.66 (+16.63%) |
Sep 21, 2026 5w ago | Press Release | $14.82 | awaiting T+60 | — | $16.66 (+12.42%) |
Sep 18, 2026 5w ago | Insider Cluster | $14.44 | awaiting T+60 | — | $16.66 (−15.37%) |
Sep 18, 2026 5w ago | Insider Cluster | $13.92 | awaiting T+60 | — | $16.66 (−19.70%) |
Sep 14, 2026 6w ago | Insider Cluster | $14.49 | awaiting T+60 | — | $16.66 (+14.96%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers