Kanzhun Limited (BZ) Income Statement
BZ 2025 at a glance
Fiscal year ended December 31, 2025 · Chinese yuanBZ revenue and net income
Where BZ's revenue goes
2025Each bar shows an amount and its share of revenue. BZ kept 33.1% of revenue as net income.
BZ profit margins
BZ growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +12.4% | +22.4% | +33.6% | — |
| Gross profit | +15.0% | +23.2% | +32.8% | — |
| Operating income | +110.1% | — | — | — |
| Net income | +72.6% | +194.4% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BZ income statement in Chinese yuan
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | CN¥8.27B | CN¥7.36B | CN¥5.95B | CN¥4.51B | CN¥4.26B | CN¥1.94B | CN¥998.7M |
| Cost of revenue | CN¥1.24B | CN¥1.24B | CN¥1.06B | CN¥754.9M | CN¥554.6M | CN¥240.2M | CN¥137.8M |
| Gross profit | CN¥7.03B | CN¥6.12B | CN¥4.89B | CN¥3.76B | CN¥3.70B | CN¥1.70B | CN¥860.9M |
| Research & development | CN¥1.65B | CN¥1.82B | CN¥1.54B | CN¥1.18B | CN¥822.0M | CN¥513.4M | CN¥325.6M |
| Sales, general & admin | CN¥2.89B | CN¥3.17B | CN¥2.80B | CN¥2.72B | CN¥3.93B | CN¥2.14B | CN¥1.05B |
| Total operating expenses | CN¥4.57B | CN¥4.94B | CN¥4.31B | CN¥3.89B | CN¥4.74B | CN¥2.65B | CN¥1.37B |
| Operating income | CN¥2.46B | CN¥1.17B | CN¥581.0M | −CN¥129.5M | −CN¥1.04B | −CN¥944.9M | −CN¥511.9M |
| Interest income | CN¥706.0M | CN¥625.3M | CN¥606.8M | CN¥161.3M | CN¥9.7M | CN¥3.3M | CN¥648,000 |
| Interest expense | — | — | — | CN¥161.3M | CN¥237.0M | CN¥3.1M | CN¥349,000 |
| Income before taxes | CN¥3.20B | CN¥1.83B | CN¥1.22B | CN¥117.0M | −CN¥1.01B | −CN¥941.9M | −CN¥502.1M |
| Income taxes | CN¥509.7M | CN¥265.6M | CN¥122.6M | CN¥9.8M | CN¥59.5M | −CN¥4.1M | −CN¥9.9M |
| Net income | CN¥2.74B | CN¥1.58B | CN¥1.10B | CN¥107.2M | −CN¥1.07B | −CN¥937.8M | −CN¥502.1M |
| EBITDA | CN¥4.02B | CN¥2.52B | CN¥1.65B | CN¥404.4M | −CN¥822.1M | −CN¥836.9M | −CN¥454.4M |
| Gross margin | 85.1% | 83.1% | 82.2% | 83.3% | 87.0% | 87.6% | 86.2% |
| Operating margin | 29.8% | 15.9% | 9.8% | −2.9% | −24.3% | −48.6% | −51.3% |
| Net margin | 33.1% | 21.5% | 18.5% | 2.4% | −25.1% | −48.2% | −50.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.40B | CN¥2.06B | CN¥2.08B | CN¥2.16B | CN¥2.10B | CN¥1.92B | CN¥1.82B | CN¥1.91B | CN¥1.92B | CN¥1.70B | CN¥1.58B | CN¥1.61B |
| Cost of revenue | CN¥312.4M | CN¥296.4M | CN¥309.1M | CN¥307.8M | CN¥307.5M | CN¥310.8M | CN¥313.7M | CN¥314.0M | CN¥316.5M | CN¥295.4M | CN¥274.8M | CN¥267.5M |
| Gross profit | CN¥2.09B | CN¥1.76B | CN¥1.77B | CN¥1.86B | CN¥1.79B | CN¥1.61B | CN¥1.51B | CN¥1.60B | CN¥1.60B | CN¥1.41B | CN¥1.31B | CN¥1.34B |
| Research & development | CN¥430.5M | CN¥421.2M | CN¥406.0M | CN¥408.0M | CN¥416.0M | CN¥423.6M | CN¥440.4M | CN¥464.2M | CN¥443.7M | CN¥467.6M | CN¥430.2M | CN¥414.4M |
| Sales, general & admin | CN¥799.6M | CN¥724.2M | CN¥644.6M | CN¥760.4M | CN¥730.8M | CN¥756.7M | CN¥702.2M | CN¥808.7M | CN¥806.4M | CN¥849.7M | CN¥658.2M | CN¥676.8M |
| Total operating expenses | CN¥1.22B | CN¥1.14B | CN¥1.08B | CN¥1.17B | CN¥1.14B | CN¥1.17B | CN¥1.13B | CN¥1.27B | CN¥1.24B | CN¥1.30B | CN¥1.08B | CN¥1.08B |
| Operating income | CN¥863.2M | CN¥618.8M | CN¥686.0M | CN¥687.1M | CN¥651.2M | CN¥439.8M | CN¥380.6M | CN¥330.2M | CN¥358.6M | CN¥103.6M | CN¥222.3M | CN¥261.0M |
| Interest income | CN¥1.63B | CN¥780.9M | CN¥171.5M | CN¥228.0M | CN¥157.0M | CN¥149.5M | CN¥156.5M | CN¥158.9M | CN¥153.8M | CN¥156.1M | CN¥459.9M | CN¥15.3M |
| Income before taxes | CN¥2.49B | CN¥1.42B | CN¥856.2M | CN¥947.6M | CN¥808.2M | CN¥588.1M | CN¥535.0M | CN¥526.0M | CN¥512.2M | CN¥259.4M | CN¥380.5M | CN¥457.6M |
| Income taxes | CN¥550.3M | CN¥297.1M | CN¥164.5M | CN¥172.2M | CN¥97.1M | CN¥76.0M | CN¥90.7M | CN¥62.2M | CN¥95.0M | CN¥17.7M | CN¥49.2M | CN¥31.9M |
| Net income | CN¥1.95B | CN¥1.15B | CN¥694.2M | CN¥806.6M | CN¥722.4M | CN¥512.1M | CN¥449.6M | CN¥468.4M | CN¥421.7M | CN¥245.0M | CN¥331.2M | CN¥425.7M |
| EBITDA | CN¥2.49B | CN¥1.42B | CN¥1.85B | CN¥947.6M | CN¥808.2M | CN¥588.1M | CN¥445.2M | CN¥526.0M | CN¥512.2M | CN¥259.4M | CN¥222.3M | CN¥457.6M |
| Gross margin | 87.0% | 85.6% | 85.1% | 85.8% | 85.4% | 83.8% | 82.8% | 83.6% | 83.5% | 82.7% | 82.6% | 83.3% |
| Operating margin | 36.0% | 30.1% | 33.0% | 31.8% | 31.0% | 22.9% | 20.9% | 17.3% | 18.7% | 6.1% | 14.1% | 16.2% |
| Net margin | 81.1% | 55.9% | 33.4% | 37.3% | 34.4% | 26.6% | 24.7% | 24.5% | 22.0% | 14.4% | 21.0% | 26.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported in BZ's financial statements (latest annual report filed April 29, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BZ financial results
In fiscal year 2025 (ended December 31, 2025), Kanzhun reported revenue of CN¥8.3 billion, up 12.4% from the year before. It had net income of CN¥2.7 billion (up 72.6%), a net profit margin of 33.1%. Over five years revenue grew at an average rate of 33.6% a year. Figures are in Chinese yuan, the currency of its financial statements.
See the BZ stock overview for the latest quote and news, or the BZ chart for price history and technical indicators.
BZ income statement FAQ
What is Kanzhun's annual revenue?
Kanzhun reported total revenue of CN¥8.3 billion for fiscal year 2025, which ended on December 31, 2025. That was up 12.4% from CN¥7.4 billion the previous year.
Is Kanzhun profitable?
Yes. Kanzhun reported net income of CN¥2.7 billion in fiscal 2025, a net profit margin of 33.1%; its operating margin was 29.8%.
What is Kanzhun's gross margin?
Kanzhun's gross margin was 85.1% in fiscal 2025: for every $100 of revenue, Kanzhun kept $85 after the direct cost of its products and services.
How much does Kanzhun spend on research and development?
Kanzhun spent CN¥1.7 billion on research and development in fiscal 2025, 20.0% of revenue.
How fast is Kanzhun growing?
Revenue grew 33.6% a year on average over the last five fiscal years, from CN¥1.9 billion to CN¥8.3 billion.
When will Kanzhun report its next earnings?
Kanzhun is expected to report results for the quarter ending September 30, 2026 on November 17, 2026 before the market opens.
When does Kanzhun's fiscal year end?
Kanzhun's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 29, 2026.