Kanzhun Ltd 6-K, filed Mar 18, 2026

Kanzhun Ltd (BZ)

6-K 2026-03-18 For: 2026-03-18

View Original

Added on April 11, 2026

About this 6-K

Kanzhun Ltd filed this 6-K on March 18, 2026.

Search and read filings like this one from Claude or ChatGPT with the SEC filings MCP server →

Exhibit No.		Description
99.1		Press Release— KANZHUN LIMITED Announces Fourth Quarter and Full Year 2025 Financial Results

99.2		Announcement—Annual Results Announcement for the Year Ended December 31, 2025

KANZHUN LIMITED

By	:	/s/ Peng Zhao
Name	:	Peng Zhao
Title	:	Director and Chief Executive Officer

	For the three months ended December 31,									For the year ended December 31,
	2024			2025						2024			2025
	RMB			RMB			US$			RMB			RMB			US$
Revenues
Online recruitment services to enterprise customers		1,804,114			2,066,890			295,561			7,270,026			8,192,714			1,171,543
Others		19,492			11,637			1,664			85,651			74,804			10,697
Total revenues		1,823,606			2,078,527			297,225			7,355,677			8,267,518			1,182,240
Operating cost and expenses
Cost of revenues⁽¹⁾		(313,715	)		(309,097	)		(44,200	)		(1,239,712	)		(1,235,153	)		(176,625	)
Sales and marketing expenses⁽¹⁾		(426,345	)		(388,585	)		(55,567	)		(2,073,052	)		(1,693,245	)		(242,131	)
Research and development expenses⁽¹⁾		(440,360	)		(405,968	)		(58,053	)		(1,815,809	)		(1,653,601	)		(236,462	)
General and administrative expenses⁽¹⁾		(275,835	)		(256,054	)		(36,615	)		(1,093,949	)		(1,199,367	)		(171,507	)
Total operating cost and expenses		(1,456,255	)		(1,359,704	)		(194,435	)		(6,222,522	)		(5,781,366	)		(826,725	)
Other operating income/(expenses), net		13,210			(32,831	)		(4,695	)		39,791			(22,051	)		(3,153	)
Income from operations		380,561			685,992			98,095			1,172,946			2,464,101			352,362
Interest and investment income, net		156,464			171,546			24,531			625,282			705,963			100,951
Foreign exchange (loss)/gain		(132	)		7,302			1,044			(68	)		11,161			1,596
Other (expenses)/income, net		(1,925	)		(8,592	)		(1,229	)		34,500			18,987			2,715
Income before income tax expenses		534,968			856,248			122,441			1,832,660			3,200,212			457,624
Income tax expenses		(90,743	)		(164,469	)		(23,519	)		(265,634	)		(509,745	)		(72,893	)
Net income		444,225			691,779			98,922			1,567,026			2,690,467			384,731
Net loss attributable to non-controlling interests		5,383			2,396			343			17,638			44,873			6,417
Net income attributable to ordinary shareholders of KANZHUN LIMITED		449,608			694,175			99,265			1,584,664			2,735,340			391,148
Weighted average number of ordinary shares used in computing net income per share
— Basic		874,099,493			928,924,405			928,924,405			881,882,225			901,033,318			901,033,318
— Diluted		898,715,743			956,104,965			956,104,965			909,228,757			926,992,531			926,992,531
Net income per ordinary share attributable to ordinary shareholders
— Basic		0.51			0.75			0.11			1.80			3.04			0.43
— Diluted		0.50			0.73			0.10			1.74			2.95			0.42
Net income per ADS⁽²⁾ attributable to ordinary shareholders
— Basic		1.03			1.49			0.21			3.59			6.07			0.87
— Diluted		1.00			1.45			0.21			3.49			5.90			0.84

	For the three months ended December 31,						For the year ended December 31,
	2024		2025				2024		2025
	RMB		RMB		US$		RMB		RMB		US$
Cost of revenues		10,080		2,803		401		43,332		22,550		3,225
Sales and marketing expenses		71,209		57,013		8,153		280,668		239,800		34,291
Research and development expenses		106,079		74,235		10,615		421,411		317,653		45,424
General and administrative expenses		90,830		80,051		11,447		398,274		331,984		47,473
Total		278,198		214,102		30,616		1,143,685		911,987		130,413

	As of December 31,
	2024		2025
	RMB		RMB		US$
ASSETS
Current assets
Cash and cash equivalents		2,553,090		4,104,917		586,995
Short-term time deposits		5,488,631		6,390,158		913,780
Short-term investments		6,639,389		9,450,244		1,351,367
Accounts and notes receivable, net		40,713		33,137		4,739
Inventories		3,042		2,395		342
Amounts due from related parties		7,258		9,241		1,321
Prepayments and other current assets		368,260		365,205		52,224
Total current assets		15,100,383		20,355,297		2,910,768
Non-current assets
Long-term time deposits		-		782,460		111,890
Long-term investments		1,914,530		1,898,178		271,436
Property, equipment and software, net		1,733,786		1,245,022		178,036
Right-of-use assets, net		302,856		161,452		23,087
Intangible assets, net		252,589		100,909		14,430
Goodwill		6,528		6,528		934
Deferred tax assets		-		18,168		2,598
Total non-current assets		4,210,289		4,212,717		602,411
Total assets		19,310,672		24,568,014		3,513,179
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable		110,668		119,966		17,155
Deferred revenue		3,084,839		3,235,959		462,736
Other payables and accrued liabilities		815,767		921,319		131,747
Operating lease liabilities, current		180,782		94,016		13,444
Total current liabilities		4,192,056		4,371,260		625,082
Non-current liabilities
Operating lease liabilities, non-current		121,345		64,027		9,156
Deferred tax liabilities		34,451		51,689		7,391
Total non-current liabilities		155,796		115,716		16,547
Total liabilities		4,347,852		4,486,976		641,629
Total shareholders’ equity		14,962,820		20,081,038		2,871,550
Total liabilities and shareholders’ equity		19,310,672		24,568,014		3,513,179

	For the three months ended December 31,									For the year ended December 31,
	2024			2025						2024			2025
	RMB			RMB			US$			RMB			RMB			US$
Net cash provided by operating activities		956,108			1,323,571			189,268			3,542,495			4,552,371			650,980
Net cash used in investing activities		(723,128	)		(1,437,929	)		(205,621	)		(2,016,899	)		(4,608,212	)		(658,966	)
Net cash (used in)/provided by financing activities		(520,351	)		(456,492	)		(65,278	)		(1,460,539	)		1,654,508			236,592
Effect of exchange rate changes on cash and cash equivalents		24,303			(22,318	)		(3,191	)		15,074			(46,840	)		(6,698	)
Net (decrease)/increase in cash and cash equivalents		(263,068	)		(593,168	)		(84,822	)		80,131			1,551,827			221,908
Cash and cash equivalents at beginning of the period		2,816,158			4,698,085			671,817			2,472,959			2,553,090			365,087
Cash and cash equivalents at end of the period		2,553,090			4,104,917			586,995			2,553,090			4,104,917			586,995

	For the Year Ended December 31,
	2024		2025		Change (%)
		(RMB in thousands, except percentages)
Revenues		7,355,677		8,267,518		12.4	%
Income from operations		1,172,946		2,464,101		110.1	%
Income before income tax expenses		1,832,660		3,200,212		74.6	%
Net income		1,567,026		2,690,467		71.7	%
Adjusted net income (non-GAAP financial measure)		2,710,711		3,602,454		32.9	%

MANAGEMENT DISCUSSION AND ANALYSIS
	For the year ended December 31,
	2024			2025
		(RMB in thousands)
Revenues
Online recruitment services to enterprise customers		7,270,026			8,192,714
Others		85,651			74,804
Total revenues		7,355,677			8,267,518
Operating cost and expenses
Cost of revenues⁽¹⁾		(1,239,712	)		(1,235,153	)
Sales and marketing expenses⁽¹⁾		(2,073,052	)		(1,693,245	)
Research and development expenses⁽¹⁾		(1,815,809	)		(1,653,601	)
General and administrative expenses⁽¹⁾		(1,093,949	)		(1,199,367	)
Total operating cost and expenses		(6,222,522	)		(5,781,366	)
Other operating income/(expenses), net		39,791			(22,051	)
Income from operations		1,172,946			2,464,101
Interest and investment income, net		625,282			705,963
Foreign exchange (loss)/gain		(68	)		11,161
Other income, net		34,500			18,987
Income before income tax expenses		1,832,660			3,200,212
Income tax expenses		(265,634	)		(509,745	)
Net income		1,567,026			2,690,467

Function	Number of employees		% of total
Sales and marketing		2,663		54.5	%
Research and development		1,131		23.2	%
Operations		722		14.8	%
General administration		368		7.5	%
Total		4,884		100.0	%

			For the year ended December 31,
	Note		2024			2025
			(RMB in thousands, except share and per share data)
Revenues
Online recruitment services to enterprise customers				7,270,026			8,192,714
Others				85,651			74,804
Total revenues		3		7,355,677			8,267,518
Operating cost and expenses
Cost of revenues				(1,239,712	)		(1,235,153	)
Sales and marketing expenses				(2,073,052	)		(1,693,245	)
Research and development expenses				(1,815,809	)		(1,653,601	)
General and administrative expenses				(1,093,949	)		(1,199,367	)
Total operating cost and expenses				(6,222,522	)		(5,781,366	)
Other operating income/(expenses), net				39,791			(22,051	)
Income from operations				1,172,946			2,464,101
Interest and investment income, net				625,282			705,963
Foreign exchange (loss)/gain				(68	)		11,161
Other income, net				34,500			18,987
Income before income tax expenses				1,832,660			3,200,212
Income tax expenses		4		(265,634	)		(509,745	)
Net income				1,567,026			2,690,467
Net loss attributable to non-controlling interests				17,638			44,873
Net income attributable to ordinary shareholders of KANZHUN LIMITED				1,584,664			2,735,340
Weighted average number of ordinary shares used in computing net income per share		5
– Basic				881,882,225			901,033,318
– Diluted				909,228,757			926,992,531
Net income per share attributable to ordinary shareholders of KANZHUN LIMITED		5
– Basic				1.80			3.04
– Diluted				1.74			2.95
Other comprehensive income/(loss), net of tax
Foreign currency translation adjustments				154,202			(256,618	)
Net change in unrealized gains on available-for-sale investments
– Unrealized gains				1,701			75,653
– Reclassification of gains to net income				–			(31,209	)
Unrealized gains on available-for-sale investments, net of reclassification				1,701			44,444
Total other comprehensive income/(loss)				155,903			(212,174	)
Total comprehensive income				1,722,929			2,478,293
Comprehensive loss attributable to non-controlling interests				17,487			45,186
Comprehensive income attributable to ordinary shareholders of KANZHUN LIMITED				1,740,416			2,523,479

		As of December 31,
	Note	2024		2025

		(RMB in thousands)
ASSETS
Current assets
Cash and cash equivalents			2,553,090		4,104,917
Short-term time deposits			5,488,631		6,390,158
Short-term investments	6		6,639,389		9,450,244
Accounts and notes receivable, net	7		40,713		33,137
Inventories			3,042		2,395
Amounts due from related parties			7,258		9,241
Prepayments and other current assets	8		368,260		365,205
Total current assets			15,100,383		20,355,297
Non-current assets
Long-term time deposits			–		782,460
Long-term investments	6		1,914,530		1,898,178
Property, equipment and software, net			1,733,786		1,245,022
Right-of-use assets, net			302,856		161,452
Intangible assets, net			252,589		100,909
Goodwill			6,528		6,528
Deferred tax assets			–		18,168
Total non-current assets			4,210,289		4,212,717
Total assets			19,310,672		24,568,014
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable	9		110,668		119,966
Deferred revenue			3,084,839		3,235,959
Other payables and accrued liabilities	10		815,767		921,319
Operating lease liabilities, current			180,782		94,016
Total current liabilities			4,192,056		4,371,260
Non-current liabilities
Operating lease liabilities, non-current			121,345		64,027
Deferred tax liabilities			34,451		51,689
Total non-current liabilities			155,796		115,716
Total liabilities			4,347,852		4,486,976
Total shareholders’ equity			14,962,820		20,081,038
Total liabilities and shareholders’ equity			19,310,672		24,568,014

	As of December 31,
	2024		2025
		(RMB in thousands)
Within 3 months		91,950		103,744
Between 3 months and 6 months		2,827		4,558
Between 6 months and 1 year		8,467		6,330
More than 1 year		7,424		5,334
Total		110,668		119,966

	By order of the Board
	KANZHUN LIMITED
	Mr. Peng Zhao
	Founder, Chairman and Chief Executive Officer