36Kr Holdings Inc (KRKR) AI Stock Analysis

NASDAQ: KRKRAI research summary: business, growth, valuation, analysts, bull and bear case.

KRKR AI stock analysis summary

AI Research

36Kr Holdings Inc (KRKR) provides content and business services in China, including online advertising and enterprise services. For the trailing twelve months ended June 30, 2026, the company generated $259.4M in revenue with an operating margin of 18.5%. It ended the period with $98.1M in net cash against a market capitalization of $6.1M.

Market cap
$6.1M
Revenue (TTM)
$259.4M
P/E
27.9x
fwd 3.4x
1Y return
-46.9%
S&P 500 16.8%
Avg. target
$1.25
-59.3% vs last close

Bull case

  • 36Kr turned profitable in FY2025, generating $11.2M in net income compared to a net loss of $136.6M in FY2024.
  • In the latest quarter ended June 30, 2026, quarterly revenue increased 33.7% year-over-year.
  • The balance sheet held $98.1M in net cash as of June 30, 2026, exceeding its market capitalization of $6.1M.

Bear case

  • The analyst mean price target of $1.25 sits 59.3% below the last closing price of $3.07.
  • Long-term performance has been weak, with the stock delivering a 5-year return of -90.0% and revenue falling at a 5-year CAGR of -10.0%.
  • The company experienced significant dilution, with its share count increasing 2491.2% over a 5-year period.

What 36Kr does

36Kr Holdings Inc. operates as a provider of content and business services within the People's Republic of China. Founded in 2010 and based in Beijing, the company produces reports, market updates, editorials, and commentaries covering sectors such as technology, consumer goods, retail, and healthcare. Beyond content distribution, it provides business services including online advertising and enterprise value-added solutions such as integrated marketing, advertisement agency services, offline events, and strategic consulting. The company also offers subscription services delivering market insights and analysis to individual users, institutional investors, and enterprise clients.

Growth and profitability

Annual revenue declined at a 5-year compound annual rate of -10.0% from FY2020 to FY2025. Revenue fell from $340.2M in FY2023 to $231.1M in FY2024, then dropped 1.4% to $227.9M in FY2025. Net income rebounded to $11.2M in FY2025 after a net loss of $136.6M in FY2024, lifting the operating margin to 4.5%. Across the trailing twelve months ended June 30, 2026, revenue stood at $259.4M with a profit margin of 12.0% and diluted EPS of $0.11. In the latest quarter ended June 30, 2026, quarterly revenue grew 33.7% year-over-year.

KRKR income statement →

Balance sheet and cash flow

As of June 30, 2026, 36Kr reported $124.0M in cash and short-term investments against $25.9M in total debt, leaving a net cash position of $98.1M. Shareholders' equity was $143.2M, with a debt-to-equity ratio of 0.18 and a current ratio of 1.40. In FY2025, operating cash flow reached $19.0M and free cash flow was $18.9M, while capital expenditures totaled $149,000. Over a 5-year period, the share count expanded by 2491.2%.

KRKR balance sheet →

Valuation and performance

At a closing price of $3.07 on October 16, 2026, 36Kr had a market capitalization of $6.1M and an enterprise value of -$8.5M. The stock trades at a trailing P/E of 27.9x, above the 16.2x median of its US-listed Communication Services peers. Its forward P/E is 3.4x compared to the peer median of 14.1x, and its price-to-book ratio is 0.3x. KRKR shares fell 46.9% over the past year and dropped 90.0% over five years, underperforming the S&P 500 benchmark returns of 16.8% and 83.0%, respectively.

KRKR key metrics →

What analysts expect

Wall Street analysts set a mean price target of $1.25 for 36Kr, representing a 59.3% downside from the October 16, 2026 closing price of $3.07. Over the last four quarters, the company recorded 0 EPS beats. The stock has traded between a 52-week low of $2.50 and a 52-week high of $6.30, and sat 11.9% below its 200-day average.

Key risks and what to watch

  • Earnings predictability has been challenged, evidenced by 0 EPS beats across the last four quarters.
  • Annual revenue contracted significantly over recent periods, falling from $340.2M in FY2023 to $227.9M in FY2025.
  • Free cash flow has exhibited substantial volatility, moving from -$127.6M in FY2023 to $18.9M in FY2025.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this KRKR AI stock analysis

This page is an AI-written research summary of 36Kr Holdings Inc (KRKR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: KRKR income statement, KRKR balance sheet, KRKR key metrics, KRKR chart. See the KRKR stock overview for the latest quote and news.

KRKR AI stock analysis FAQ

What does 36Kr Holdings Inc do?

36Kr Holdings Inc is a Beijing-based provider of content and business services in China, offering industry commentary, reports, online advertising, enterprise value-added services, and subscriptions.

Does 36Kr pay a dividend?

36Kr does not currently report a dividend payout.

What is 36Kr's cash position?

As of June 30, 2026, the company held $124.0M in cash and short-term investments, with total debt of $25.9M and net cash of $98.1M.

How has KRKR stock performed over the past year?

KRKR shares declined 46.9% over the past year as of October 16, 2026, compared to a 16.8% gain for the S&P 500.

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