36Kr Holdings Inc (KRKR) Balance Sheet

NASDAQ: KRKRAssets, liabilities, debt and equity over 9 years.

KRKR balance sheet, 2025

December 31, 2025 · Chinese yuan

CN¥297.7M assets = CN¥168.5M liabilities + CN¥129.2M equity

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

KRKR financial health

Current ratio1.21

Adequate · current assets cover current liabilities 1.21×

Debt / equity0.31

Low leverage · CN¥0.31 of debt for each $1 of equity

Equity / assets43.3%

Equity-funded · of assets funded by shareholders

Cash / debt294.4%

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.

KRKR balance sheet trends, 2017–2025

36Kr Holdings Inc balance sheet trends
Metric	Then	Latest	Change
Total assets	CN¥221.7M2017	CN¥297.7M2025	+3.8%/yr
Total liabilities	CN¥633.4M2017	CN¥168.5M2025	−15.3%/yr
Shareholders’ equity	−CN¥411.7M2017	CN¥128.9M2025	—
Cash & short-term investments	CN¥148.0M2017	CN¥116.2M2025	−3.0%/yr
Total debt	CN¥9.5M2017	CN¥39.5M2025	+19.5%/yr
Net cash (debt)	CN¥138.5M2017	CN¥76.7M2025	−CN¥61.7M
Working capital	CN¥173.3M2017	CN¥32.9M2025	−CN¥140.4M
Current ratio	4.872017	1.212025	−3.66
Debt / equity	0.002019	0.312025	+0.31
Shares outstanding	37.5M2017	42.4M2025	+1.5%/yr

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

KRKR assets

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

KRKR liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

KRKR debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

KRKR balance sheet in Chinese yuan

36Kr Holdings Inc annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017
Assets
Cash & short-term investments	CN¥116.2M	CN¥91.7M	CN¥117.0M	CN¥184.8M	CN¥216.1M	CN¥209.2M	CN¥263.7M	CN¥194.4M	CN¥148.0M
Cash & equivalents	CN¥114.2M	CN¥36.8M	CN¥41.5M	CN¥142.5M	CN¥97.0M	CN¥60.8M	CN¥177.4M	CN¥49.0M	CN¥45.6M
Short-term investments	CN¥2.0M	CN¥54.9M	CN¥75.5M	CN¥42.3M	CN¥119.1M	CN¥148.3M	CN¥86.4M	CN¥145.5M	CN¥102.3M
Receivables	CN¥62.1M	CN¥65.7M	CN¥139.5M	CN¥198.4M	CN¥183.8M	CN¥304.9M	CN¥543.2M	CN¥193.3M	CN¥64.9M
Inventory	CN¥0	CN¥0	CN¥69,000	CN¥100,000	CN¥39.5M	CN¥15.4M	CN¥40.7M	CN¥10.3M	CN¥4.8M
Other current assets	CN¥11.6M	CN¥18.0M	CN¥16.0M	CN¥16.2M	CN¥3.1M	CN¥916,000	CN¥1.6M	CN¥1.4M	CN¥445,000
Total current assets	CN¥190.0M	CN¥175.4M	CN¥272.5M	CN¥399.4M	CN¥442.5M	CN¥530.5M	CN¥849.2M	CN¥399.4M	CN¥218.1M
Property, plant & equipment (net)	CN¥23.5M	CN¥24.4M	CN¥41.8M	CN¥33.3M	CN¥17.0M	CN¥31.3M	CN¥16.0M	CN¥15.5M	CN¥532,000
Goodwill & intangible assets	CN¥1.2M	CN¥1.5M	CN¥2.1M	CN¥1.2M	CN¥808,000	CN¥471,000	CN¥356,000	CN¥255,000	CN¥0
Long-term investments	CN¥82.9M	CN¥74.9M	CN¥142.6M	CN¥137.4M	CN¥41.4M	CN¥16.3M	CN¥41.9M	CN¥0	CN¥3.0M
Other non-current assets	CN¥52,822	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥3.4M	CN¥306,000	CN¥54,000
Total assets	CN¥297.7M	CN¥276.2M	CN¥459.0M	CN¥571.4M	CN¥501.7M	CN¥578.5M	CN¥910.8M	CN¥415.4M	CN¥221.7M
Liabilities
Accounts payable	CN¥46.7M	CN¥59.8M	CN¥60.4M	CN¥53.5M	CN¥56.3M	CN¥64.6M	CN¥139.3M	CN¥20.3M	CN¥10.5M
Short-term debt	CN¥28.0M	CN¥17.9M	CN¥18.9M	CN¥41.2M	CN¥21.3M	CN¥15.1M	CN¥0	CN¥16.9M	CN¥9.5M
Deferred revenue	CN¥39.9M	CN¥19.3M	CN¥23.4M	CN¥24.6M	CN¥28.9M	CN¥18.8M	CN¥8.2M	CN¥4.2M	CN¥3.5M
Total current liabilities	CN¥157.1M	CN¥146.2M	CN¥170.1M	CN¥210.3M	CN¥193.9M	CN¥177.1M	CN¥266.9M	CN¥84.7M	CN¥44.8M
Long-term debt	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Lease obligations	CN¥19.5M	CN¥19.6M	CN¥35.8M	CN¥46.4M	CN¥16.9M	CN¥27.6M	CN¥0	CN¥0	CN¥0
Other long-term liabilities	CN¥11.4M	CN¥11.7M	CN¥27.0M	CN¥15.7M	CN¥586,000	CN¥12.4M	CN¥147.5M	CN¥816.3M	CN¥588.5M
Total liabilities	CN¥168.5M	CN¥157.9M	CN¥197.1M	CN¥226.0M	CN¥194.5M	CN¥189.6M	CN¥266.9M	CN¥901.0M	CN¥633.4M
Shareholders' equity
Common stock & paid-in capital	CN¥694,435	CN¥694,000	CN¥694,000	CN¥694,000	CN¥694,000	CN¥687,000	CN¥679,000	CN¥184,000	CN¥184,000
Retained earnings (deficit)	−CN¥1.92B	−CN¥1.93B	−CN¥1.80B	−CN¥1.71B	−CN¥1.73B	−CN¥1.64B	−CN¥1.36B	−CN¥486.0M	−CN¥425.3M
Treasury stock	—	—	—	—	—	—	−CN¥2.3M	CN¥0	CN¥0
Accumulated other comprehensive income	−CN¥4.9M	−CN¥4.9M	−CN¥5.3M	−CN¥5.9M	−CN¥9.0M	−CN¥7.9M	−CN¥3.1M	CN¥231,000	−CN¥851,000
Minority interest	CN¥280,000	CN¥236,000	CN¥9.9M	CN¥7.3M	—	—	CN¥0	CN¥0	CN¥0
Total shareholders' equity	CN¥128.9M	CN¥118.0M	CN¥252.0M	CN¥338.1M	CN¥299.4M	CN¥380.8M	CN¥637.2M	−CN¥485.6M	−CN¥411.7M
Key figures
Total debt	CN¥39.5M	CN¥29.6M	CN¥45.7M	CN¥56.3M	CN¥21.9M	CN¥27.6M	CN¥0	CN¥16.9M	CN¥9.5M
Net cash (debt)	CN¥76.7M	CN¥62.1M	CN¥71.2M	CN¥128.4M	CN¥194.2M	CN¥181.6M	CN¥263.7M	CN¥177.5M	CN¥138.5M
Working capital	CN¥32.9M	CN¥29.2M	CN¥102.4M	CN¥189.1M	CN¥248.6M	CN¥353.3M	CN¥582.4M	CN¥314.7M	CN¥173.3M
Tangible book value	CN¥127.7M	CN¥116.5M	CN¥249.9M	CN¥336.9M	CN¥298.6M	CN¥380.4M	CN¥636.9M	−CN¥485.9M	−CN¥411.7M
Shares outstanding	42.4M	41.7M	41.7M	41.4M	41.0M	40.8M	40.7M	37.5M	37.5M
Current ratio	1.21	1.20	1.60	1.90	2.28	2.99	3.18	4.72	4.87
Quick ratio	1.14	1.08	1.51	1.82	2.06	2.90	3.02	4.58	4.75
Debt / equity	0.31	0.25	0.18	0.17	0.07	0.07	0.00	—	—
Equity / assets	43.3%	42.7%	54.9%	59.2%	59.7%	65.8%	70.0%	−116.9%	−185.7%

36Kr Holdings Inc quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Jun '25	Mar '25	Dec '24	Jun '24	Mar '24	Dec '23	Sep '23	Jun '23	Mar '23
Assets
Cash & short-term investments	CN¥124.0M	CN¥104.2M	CN¥104.2M	CN¥75.1M	CN¥91.7M	CN¥91.7M	CN¥96.9M	CN¥117.0M	CN¥117.0M	CN¥115.9M	CN¥136.4M	CN¥169.7M
Cash & equivalents	CN¥26.4M	CN¥102.2M	CN¥102.2M	CN¥41.1M	CN¥36.8M	CN¥36.8M	CN¥48.9M	CN¥41.5M	CN¥41.5M	CN¥66.0M	CN¥98.1M	CN¥109.7M
Short-term investments	CN¥97.6M	CN¥2.0M	CN¥2.0M	CN¥34.0M	CN¥54.9M	CN¥54.9M	CN¥47.9M	CN¥75.5M	CN¥75.5M	CN¥49.9M	CN¥38.2M	CN¥59.9M
Receivables	CN¥50.7M	CN¥62.1M	CN¥62.1M	CN¥52.4M	CN¥65.7M	CN¥65.6M	CN¥75.8M	CN¥139.5M	CN¥139.4M	CN¥147.3M	CN¥157.2M	CN¥138.9M
Inventory	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥69,000	CN¥0	CN¥100,000	CN¥100,000	CN¥100,000
Other current assets	CN¥14.0M	CN¥23.5M	CN¥23.5M	CN¥17.5M	CN¥18.0M	CN¥18.1M	CN¥19.5M	CN¥16.0M	CN¥16.1M	CN¥20.7M	CN¥28.4M	CN¥19.1M
Total current assets	CN¥188.6M	CN¥189.9M	CN¥189.9M	CN¥145.1M	CN¥175.4M	CN¥175.4M	CN¥192.2M	CN¥272.5M	CN¥272.5M	CN¥284.0M	CN¥322.0M	CN¥327.7M
Property, plant & equipment (net)	CN¥19.8M	CN¥23.5M	CN¥23.5M	CN¥19.4M	CN¥24.4M	CN¥24.4M	CN¥37.2M	CN¥41.8M	CN¥41.8M	CN¥43.7M	CN¥26.8M	CN¥28.9M
Goodwill & intangible assets	CN¥1.0M	CN¥1.2M	CN¥1.2M	CN¥0	CN¥1.5M	CN¥0	CN¥1.9M	CN¥2.1M	CN¥0	CN¥1.2M	CN¥1.2M	CN¥1.2M
Long-term investments	CN¥76.7M	CN¥0	CN¥82.9M	CN¥81.4M	CN¥0	CN¥74.9M	CN¥115.1M	CN¥0	CN¥142.6M	CN¥149.3M	CN¥139.7M	CN¥139.9M
Other non-current assets	CN¥0	CN¥82.9M	CN¥0	CN¥1.3M	CN¥74.9M	CN¥1.5M	CN¥0	CN¥142.6M	CN¥2.1M	CN¥0	CN¥0	CN¥0
Total assets	CN¥286.1M	CN¥297.5M	CN¥297.5M	CN¥247.2M	CN¥276.2M	CN¥276.2M	CN¥346.4M	CN¥459.0M	CN¥459.0M	CN¥478.1M	CN¥489.7M	CN¥497.8M
Liabilities
Accounts payable	CN¥41.6M	CN¥46.7M	CN¥46.7M	CN¥48.6M	CN¥59.8M	CN¥59.8M	CN¥54.2M	CN¥60.4M	CN¥60.4M	CN¥49.9M	CN¥43.1M	CN¥45.1M
Short-term debt	CN¥18.5M	CN¥28.0M	CN¥28.0M	CN¥17.8M	CN¥17.9M	—	CN¥19.5M	CN¥18.9M	—	CN¥22.2M	CN¥49.4M	CN¥44.3M
Deferred revenue	CN¥46.5M	CN¥39.9M	CN¥39.9M	CN¥23.1M	CN¥19.3M	—	CN¥22.6M	CN¥23.4M	—	CN¥24.9M	CN¥27.8M	CN¥25.9M
Total current liabilities	CN¥134.7M	CN¥157.0M	CN¥157.0M	CN¥125.8M	CN¥146.2M	CN¥146.2M	CN¥157.9M	CN¥170.1M	CN¥170.1M	CN¥167.9M	CN¥182.9M	CN¥178.0M
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¥15.9M	—	CN¥19.5M	CN¥16.0M	—	CN¥19.6M	CN¥32.1M	—	CN¥35.8M	CN¥36.8M	CN¥43.1M	CN¥45.7M
Other long-term liabilities	CN¥7.5M	CN¥11.4M	CN¥11.4M	CN¥8.2M	CN¥11.7M	CN¥11.7M	CN¥22.6M	CN¥27.0M	CN¥27.0M	CN¥29.8M	CN¥9.1M	CN¥11.8M
Total liabilities	CN¥142.2M	CN¥168.4M	CN¥168.4M	CN¥134.0M	CN¥157.9M	CN¥157.9M	CN¥180.5M	CN¥197.1M	CN¥197.1M	CN¥197.7M	CN¥192.0M	CN¥189.9M
Shareholders' equity
Common stock & paid-in capital	CN¥694,000	CN¥694,000	CN¥694,000	CN¥694,000	CN¥694,000	—	CN¥694,000	CN¥694,000	—	CN¥694,000	CN¥694,000	CN¥694,000
Retained earnings (deficit)	−CN¥1.91B	−CN¥1.92B	−CN¥1.92B	−CN¥1.94B	−CN¥1.93B	−CN¥1.93B	−CN¥1.89B	−CN¥1.80B	−CN¥1.80B	−CN¥1.78B	−CN¥1.76B	−CN¥1.74B
Accumulated other comprehensive income	−CN¥588,000	−CN¥5.3M	−CN¥5.3M	−CN¥5.0M	−CN¥4.9M	—	−CN¥5.1M	−CN¥5.3M	—	−CN¥4.9M	−CN¥4.7M	−CN¥6.3M
Minority interest	CN¥682,000	—	CN¥280,000	CN¥200,000	—	CN¥236,000	—	—	—	—	—	—
Total shareholders' equity	CN¥143.2M	CN¥128.8M	CN¥128.8M	CN¥113.1M	CN¥118.0M	CN¥118.0M	CN¥158.4M	CN¥252.0M	CN¥252.0M	CN¥271.6M	CN¥289.3M	CN¥301.3M
Key figures
Total debt	CN¥25.9M	CN¥39.5M	CN¥39.5M	CN¥26.0M	CN¥29.6M	—	CN¥42.1M	CN¥45.7M	—	CN¥51.8M	CN¥58.1M	CN¥55.6M
Net cash (debt)	CN¥98.1M	CN¥64.8M	CN¥64.8M	CN¥49.2M	CN¥62.1M	—	CN¥54.8M	CN¥71.2M	—	CN¥64.1M	CN¥78.3M	CN¥114.0M
Working capital	CN¥53.9M	CN¥32.9M	CN¥32.9M	CN¥19.3M	CN¥29.2M	CN¥29.2M	CN¥34.3M	CN¥102.4M	CN¥102.4M	CN¥116.0M	CN¥139.1M	CN¥149.7M
Tangible book value	CN¥142.2M	CN¥127.6M	CN¥127.6M	CN¥113.1M	CN¥116.5M	CN¥118.0M	CN¥156.5M	CN¥249.9M	CN¥252.0M	CN¥270.4M	CN¥288.1M	CN¥300.1M
Shares outstanding	42.4M	—	986.9M	1.00B	—	1.00B	992.6M	41.9M	992.6M	41.9M	41.6M	41.6M
Current ratio	1.40	1.21	1.21	1.15	1.20	1.20	1.22	1.60	1.60	1.69	1.76	1.84
Quick ratio	1.30	1.06	1.06	1.01	1.08	1.08	1.09	1.51	1.51	1.57	1.60	1.73
Debt / equity	0.18	0.31	0.31	0.23	0.25	—	0.27	0.18	—	0.19	0.20	0.18
Equity / assets	50.1%	43.3%	43.3%	45.7%	42.7%	42.7%	45.7%	54.9%	54.9%	56.8%	59.1%	60.5%

Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported (latest annual report filed April 23, 2026); data from EODHD.

KRKR financial position

At the end of fiscal 2025 (December 31, 2025), 36Kr had total assets of CN¥297.7 million (up 7.8% from a year earlier), total liabilities of CN¥168.5 million and shareholders' equity of CN¥128.9 million. It held CN¥116.2 million in cash and short-term investments against CN¥39.5 million of debt, a net cash position of CN¥76.7 million. Its current ratio was 1.21. In the latest quarter (ended June 30, 2026) total assets were CN¥286.1 million and equity CN¥143.2 million.

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

KRKR balance sheet FAQ

What are 36Kr's total assets?

36Kr reported total assets of CN¥297.7 million at the end of fiscal 2025 (December 31, 2025), compared with CN¥276.2 million a year earlier.

How much debt does 36Kr have?

36Kr had CN¥39.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.31.

How much cash does 36Kr have?

36Kr held CN¥116.2 million in cash and short-term investments at the end of fiscal 2025; with CN¥39.5 million of debt that is net cash of CN¥76.7 million.

What is 36Kr's book value?

36Kr's shareholders' equity (book value) was CN¥128.9 million at the end of fiscal 2025.

What is 36Kr's current ratio?

36Kr had current assets of CN¥190.0 million and current liabilities of CN¥157.1 million, a current ratio of 1.21 (it can cover its short-term obligations).

How much goodwill does 36Kr have?

36Kr carried CN¥1.2 million of goodwill and intangible assets, 0.4% of total assets, at the end of fiscal 2025.