Kanzhun Limited (BZ) Balance Sheet

NASDAQ: BZAssets, liabilities, debt and equity over 7 years.

BZ balance sheet, 2025

December 31, 2025 · Chinese yuan

CN¥24.57B assets = CN¥4.49B liabilities + CN¥20.08B equity

Both columns are drawn to the same scale: what BZ owns equals what it owes plus shareholders’ equity. Hover a block for its value.

BZ financial health

Current ratio4.66

Comfortable · current assets cover current liabilities 4.66×

Debt / equity0.01

Low leverage · CN¥0.01 of debt for each $1 of equity

Equity / assets81.5%

Equity-funded · of assets funded by shareholders

Cash / debt12,620.2%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles0.4%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

BZ balance sheet trends, 2019–2025

Kanzhun Limited balance sheet trends
Metric	Then	Latest	Change
Total assets	CN¥1.88B2019	CN¥24.57B2025	+53.5%/yr
Total liabilities	CN¥3.54B2019	CN¥4.49B2025	+4.0%/yr
Shareholders’ equity	−CN¥1.66B2019	CN¥20.03B2025	—
Cash & short-term investments	CN¥1.55B2019	CN¥19.95B2025	+53.1%/yr
Total debt	CN¥94.9M2019	CN¥158.0M2025	+8.9%/yr
Net cash (debt)	CN¥1.45B2019	CN¥19.79B2025	+CN¥18.3B
Working capital	CN¥699.9M2019	CN¥15.98B2025	+CN¥15.3B
Current ratio	1.692019	4.662025	+2.96
Debt / equity	0.032021	0.012025	−0.02
Shares outstanding	458.5M2019	463.5M2025	+0.2%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

BZ assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

BZ liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

BZ debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

BZ balance sheet in Chinese yuan

Kanzhun Limited annual balance sheet
	2025	2024	2023	2022	2021	2020	2019
Assets
Cash & short-term investments	CN¥19.95B	CN¥14.68B	CN¥12.91B	CN¥13.21B	CN¥12.23B	CN¥4.53B	CN¥1.55B
Cash & equivalents	CN¥4.10B	CN¥2.55B	CN¥2.47B	CN¥9.75B	CN¥11.34B	CN¥4.00B	CN¥407.4M
Short-term investments	CN¥15.84B	CN¥12.13B	CN¥10.44B	CN¥3.46B	CN¥885.0M	CN¥536.4M	CN¥1.14B
Receivables	CN¥186.4M	CN¥167.7M	CN¥233.6M	CN¥249.5M	CN¥411.7M	CN¥121.9M	CN¥75.5M
Inventory	CN¥2.4M	CN¥3.0M	CN¥206.2M	CN¥280.0M	CN¥704.7M	CN¥89.4M	CN¥82.7M
Other current assets	CN¥221.2M	CN¥248.5M	CN¥23.6M	CN¥86.9M	CN¥0	CN¥1.4M	CN¥221,000
Total current assets	CN¥20.36B	CN¥15.10B	CN¥13.37B	CN¥13.83B	CN¥12.96B	CN¥4.75B	CN¥1.71B
Property, plant & equipment (net)	CN¥1.41B	CN¥2.04B	CN¥2.08B	CN¥980.7M	CN¥678.2M	CN¥335.4M	CN¥170.6M
Goodwill & intangible assets	CN¥107.4M	CN¥259.1M	CN¥13.8M	CN¥15.9M	CN¥458,000	CN¥549,000	CN¥640,000
Long-term investments	CN¥1.90B	CN¥1.91B	CN¥2.47B	CN¥0	CN¥0	CN¥0	CN¥0
Other non-current assets	CN¥800.6M	CN¥0	CN¥4.0M	CN¥4.0M	CN¥4.0M	CN¥0	CN¥0
Total assets	CN¥24.57B	CN¥19.31B	CN¥17.94B	CN¥14.83B	CN¥13.64B	CN¥5.08B	CN¥1.88B
Liabilities
Accounts payable	CN¥120.0M	CN¥110.7M	CN¥629.2M	CN¥185.3M	CN¥33.0M	CN¥19.5M	CN¥42.6M
Short-term debt	CN¥94.0M	CN¥180.8M	CN¥155.0M	CN¥151.4M	CN¥127.5M	CN¥59.6M	CN¥57.2M
Deferred revenue	CN¥3.35B	CN¥3.17B	CN¥2.87B	CN¥2.12B	CN¥1.96B	CN¥1.23B	CN¥629.3M
Total current liabilities	CN¥4.37B	CN¥4.19B	CN¥4.36B	CN¥3.03B	CN¥2.78B	CN¥1.72B	CN¥1.01B
Long-term debt	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Lease obligations	CN¥158.0M	CN¥302.1M	CN¥280.1M	CN¥295.0M	CN¥310.9M	CN¥135.9M	CN¥94.9M
Other long-term liabilities	CN¥115.7M	CN¥155.8M	CN¥153.5M	CN¥155.0M	CN¥183.4M	CN¥5.66B	CN¥2.53B
Total liabilities	CN¥4.49B	CN¥4.35B	CN¥4.51B	CN¥3.19B	CN¥2.97B	CN¥7.38B	CN¥3.54B
Shareholders' equity
Common stock & paid-in capital	CN¥618,000	CN¥571,000	CN¥564,000	CN¥564,000	CN¥554,000	CN¥81,000	CN¥62,000
Retained earnings (deficit)	CN¥1.22B	−CN¥917.6M	−CN¥2.49B	−CN¥3.59B	−CN¥3.69B	−CN¥2.62B	−CN¥1.68B
Accumulated other comprehensive income	CN¥894.8M	CN¥1.07B	CN¥903.8M	CN¥695.2M	−CN¥257.8M	−CN¥130.4M	CN¥19.2M
Minority interest	CN¥50.3M	CN¥95.4M	−CN¥9,000	CN¥0	—	—	—
Total shareholders' equity	CN¥20.03B	CN¥14.87B	CN¥13.43B	CN¥11.64B	CN¥10.67B	−CN¥2.30B	−CN¥1.66B
Key figures
Total debt	CN¥158.0M	CN¥302.1M	CN¥280.1M	CN¥295.0M	CN¥310.9M	CN¥135.9M	CN¥94.9M
Net cash (debt)	CN¥19.79B	CN¥14.38B	CN¥12.63B	CN¥12.91B	CN¥11.92B	CN¥4.40B	CN¥1.45B
Working capital	CN¥15.98B	CN¥10.91B	CN¥9.02B	CN¥10.80B	CN¥10.17B	CN¥3.03B	CN¥699.9M
Tangible book value	CN¥19.92B	CN¥14.61B	CN¥13.42B	CN¥11.62B	CN¥10.67B	−CN¥2.30B	−CN¥1.66B
Shares outstanding	463.5M	451.4M	451.4M	456.1M	225.5M	458.5M	458.5M
Current ratio	4.66	3.60	3.07	4.56	4.65	2.76	1.69
Quick ratio	4.61	3.54	3.02	4.44	4.54	2.71	1.61
Debt / equity	0.01	0.02	0.02	0.03	0.03	—	—
Equity / assets	81.5%	77.0%	74.9%	78.5%	78.2%	−45.2%	−88.4%

Kanzhun Limited quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	CN¥20.95B	CN¥20.42B	CN¥19.95B	CN¥19.21B	CN¥16.02B	CN¥14.79B	CN¥14.68B	CN¥14.60B	CN¥14.36B	CN¥11.90B	CN¥12.91B	CN¥12.80B
Cash & equivalents	CN¥2.58B	CN¥3.34B	CN¥4.10B	CN¥4.70B	CN¥3.16B	CN¥2.79B	CN¥2.55B	CN¥2.82B	CN¥3.47B	CN¥2.75B	CN¥2.47B	CN¥2.44B
Short-term investments	CN¥18.37B	CN¥17.08B	CN¥15.84B	CN¥14.52B	CN¥12.86B	CN¥11.99B	CN¥12.13B	CN¥11.78B	CN¥10.89B	CN¥9.15B	CN¥10.44B	CN¥10.35B
Receivables	CN¥279.8M	CN¥47.7M	CN¥186.4M	CN¥42.2M	CN¥314.3M	CN¥48.0M	CN¥40.7M	CN¥38.2M	CN¥29.9M	CN¥32.0M	CN¥233.6M	CN¥22.6M
Inventory	CN¥2.2M	CN¥2.3M	CN¥2.4M	CN¥2.5M	CN¥2.7M	CN¥2.9M	CN¥3.0M	CN¥2.9M	CN¥2.8M	CN¥2.6M	CN¥206.2M	CN¥206.2M
Other current assets	CN¥376.6M	CN¥438.2M	CN¥221.2M	CN¥679.4M	CN¥289.0M	CN¥845.0M	CN¥375.5M	CN¥506.6M	CN¥463.4M	CN¥678.6M	CN¥23.6M	CN¥429.2M
Total current assets	CN¥21.61B	CN¥20.91B	CN¥20.36B	CN¥19.94B	CN¥16.63B	CN¥15.68B	CN¥15.10B	CN¥15.15B	CN¥14.86B	CN¥12.61B	CN¥13.37B	CN¥13.46B
Property, plant & equipment (net)	CN¥1.49B	CN¥1.27B	CN¥1.41B	CN¥1.59B	CN¥1.71B	CN¥1.85B	CN¥2.04B	CN¥2.16B	CN¥2.32B	CN¥2.24B	CN¥2.08B	CN¥1.44B
Goodwill & intangible assets	CN¥98.2M	CN¥102.4M	CN¥107.4M	CN¥112.1M	CN¥240.9M	CN¥250.0M	CN¥259.1M	CN¥268.2M	CN¥277.3M	CN¥286.4M	CN¥13.8M	CN¥14.3M
Long-term investments	CN¥3.67B	CN¥3.20B	CN¥1.90B	CN¥2.52B	CN¥2.61B	CN¥2.61B	CN¥1.91B	CN¥1.24B	CN¥1.71B	CN¥3.58B	CN¥2.47B	CN¥2.41B
Other non-current assets	CN¥16.5M	CN¥58.6M	CN¥800.6M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥4.0M	CN¥4.0M
Total assets	CN¥26.89B	CN¥25.54B	CN¥24.57B	CN¥24.16B	CN¥21.18B	CN¥20.39B	CN¥19.31B	CN¥18.81B	CN¥19.16B	CN¥18.72B	CN¥17.94B	CN¥17.32B
Liabilities
Accounts payable	CN¥315.2M	CN¥135.7M	CN¥120.0M	CN¥78.8M	CN¥97.4M	CN¥92.6M	CN¥110.7M	CN¥81.4M	CN¥78.5M	CN¥464.8M	CN¥629.2M	CN¥340.9M
Short-term debt	CN¥116.7M	CN¥68.5M	CN¥94.0M	CN¥104.5M	CN¥130.0M	CN¥150.8M	CN¥180.8M	CN¥192.1M	CN¥185.7M	CN¥145.0M	CN¥155.0M	CN¥136.2M
Deferred revenue	CN¥3.68B	CN¥3.55B	CN¥3.35B	CN¥3.20B	CN¥3.40B	CN¥3.34B	CN¥3.17B	CN¥3.07B	CN¥3.17B	CN¥3.14B	CN¥2.87B	CN¥2.59B
Total current liabilities	CN¥5.16B	CN¥4.83B	CN¥4.37B	CN¥4.77B	CN¥4.24B	CN¥4.41B	CN¥4.19B	CN¥3.99B	CN¥4.15B	CN¥4.46B	CN¥4.36B	CN¥3.66B
Long-term debt	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Lease obligations	CN¥216.1M	CN¥123.6M	CN¥158.0M	CN¥165.8M	CN¥199.5M	CN¥241.1M	CN¥302.1M	CN¥358.5M	CN¥396.9M	CN¥257.0M	CN¥280.1M	CN¥244.9M
Other long-term liabilities	CN¥670.4M	CN¥243.0M	CN¥115.7M	CN¥106.2M	CN¥109.2M	CN¥124.1M	CN¥155.8M	CN¥189.9M	CN¥237.6M	CN¥140.6M	CN¥153.5M	CN¥134.8M
Total liabilities	CN¥5.83B	CN¥5.07B	CN¥4.49B	CN¥4.87B	CN¥4.35B	CN¥4.53B	CN¥4.35B	CN¥4.18B	CN¥4.38B	CN¥4.60B	CN¥4.51B	CN¥3.80B
Shareholders' equity
Common stock & paid-in capital	—	CN¥618,000	CN¥618,000	—	CN¥586,000	CN¥582,000	CN¥14.96B	—	CN¥571,000	CN¥14.12B	CN¥564,000	CN¥13.53B
Retained earnings (deficit)	—	CN¥1.22B	CN¥1.22B	—	CN¥316.8M	−CN¥384.5M	−CN¥917.6M	—	−CN¥1.82B	−CN¥2.49B	−CN¥2.49B	−CN¥2.49B
Accumulated other comprehensive income	—	CN¥894.8M	CN¥894.8M	—	CN¥1.05B	CN¥1.04B	CN¥1.07B	—	CN¥964.7M	CN¥898.8M	CN¥903.8M	CN¥903.8M
Minority interest	—	—	CN¥50.3M	—	—	—	—	—	—	—	—	—
Total shareholders' equity	CN¥21.06B	CN¥20.46B	CN¥20.03B	CN¥19.20B	CN¥16.75B	CN¥15.76B	CN¥14.96B	CN¥14.63B	CN¥14.68B	CN¥14.12B	CN¥13.43B	CN¥13.53B
Key figures
Total debt	CN¥216.2M	CN¥123.1M	CN¥158.0M	CN¥165.8M	CN¥199.5M	CN¥241.1M	CN¥302.1M	CN¥358.5M	CN¥396.9M	CN¥257.0M	CN¥280.1M	CN¥244.9M
Net cash (debt)	CN¥20.74B	CN¥20.30B	CN¥19.79B	CN¥19.05B	CN¥15.82B	CN¥14.54B	CN¥14.38B	CN¥14.24B	CN¥13.96B	CN¥11.64B	CN¥12.63B	CN¥12.55B
Working capital	CN¥16.45B	CN¥16.08B	CN¥15.98B	CN¥15.17B	CN¥12.39B	CN¥11.27B	CN¥10.91B	CN¥11.16B	CN¥10.71B	CN¥8.15B	CN¥9.02B	CN¥9.79B
Tangible book value	CN¥20.96B	CN¥20.36B	CN¥19.92B	CN¥19.08B	CN¥16.51B	CN¥15.51B	CN¥14.70B	CN¥14.37B	CN¥14.40B	CN¥13.83B	CN¥13.42B	CN¥13.51B
Shares outstanding	462.8M	474.0M	478.1M	474.7M	447.8M	447.8M	224.7M	453.4M	462.0M	453.7M	225.9M	449.9M
Current ratio	4.19	4.33	4.66	4.18	3.92	3.56	3.60	3.80	3.58	2.83	3.07	3.67
Quick ratio	4.12	4.24	4.61	4.04	3.85	3.37	3.51	3.67	3.47	2.67	3.02	3.50
Debt / equity	0.01	0.01	0.01	0.01	0.01	0.02	0.02	0.02	0.03	0.02	0.02	0.02
Equity / assets	78.3%	80.1%	81.5%	79.5%	79.1%	77.3%	77.5%	77.8%	76.6%	75.4%	74.9%	78.1%

Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported (latest annual report filed April 29, 2026); data from EODHD.

BZ financial position

At the end of fiscal 2025 (December 31, 2025), Kanzhun had total assets of CN¥24.6 billion (up 27.2% from a year earlier), total liabilities of CN¥4.5 billion and shareholders' equity of CN¥20.0 billion. It held CN¥19.9 billion in cash and short-term investments against CN¥158.0 million of debt, a net cash position of CN¥19.8 billion. Its current ratio was 4.66. In the latest quarter (ended June 30, 2026) total assets were CN¥26.9 billion and equity CN¥21.1 billion.

Related: BZ income statement, BZ cash flow statement, BZ key metrics. See the BZ stock overview for the latest quote and news.

BZ balance sheet FAQ

What are Kanzhun's total assets?

Kanzhun reported total assets of CN¥24.6 billion at the end of fiscal 2025 (December 31, 2025), compared with CN¥19.3 billion a year earlier.

How much debt does Kanzhun have?

Kanzhun had CN¥158.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.01.

How much cash does Kanzhun have?

Kanzhun held CN¥19.9 billion in cash and short-term investments at the end of fiscal 2025; with CN¥158.0 million of debt that is net cash of CN¥19.8 billion.

What is Kanzhun's book value?

Kanzhun's shareholders' equity (book value) was CN¥20.0 billion at the end of fiscal 2025.

What is Kanzhun's current ratio?

Kanzhun had current assets of CN¥20.4 billion and current liabilities of CN¥4.4 billion, a current ratio of 4.66 (it can cover its short-term obligations).

How much goodwill does Kanzhun have?

Kanzhun carried CN¥107.4 million of goodwill and intangible assets, 0.4% of total assets, at the end of fiscal 2025.