BZ on Nasdaq

Kanzhun Ltd

Kanzhun Ltd is a computer programming, data processing services company, active since 2014.2 It is headquartered in George Town, Cayman Islands.2 Its shares trade on Nasdaq under the symbol BZ.2

Price unavailable

Last updated Oct 20, 2026.

Overview

$1.2BRevenue, fiscal 20253
$391.1MNet income, fiscal 20253

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  • TickerBZ on Nasdaq2
  • IndustryServices-Computer Programming, Data Processing, Etc.2
  • HeadquartersGeorge Town, Cayman Islands2
  • Incorporated inCayman Islands4
  • Business addressGrandyvic Bldg, Taiyanggong Mid Rd, Chaoyang Dist, Beijing4
  • Filer categoryLarge accelerated filer4
  • Legal formcompany limited by shares2
  • LEI254900F4ZCBITP7L02512
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O Maples Corporate Services Limited, KY1-1104 George Town, Cayman Islands2
  • Registered withGeneral Registry, OI-2844192

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We commenced operations by setting up Beijing Huapin Borui Network Technology Co., Ltd., which we refer to as the VIE, in December 2013. Our holding company, KANZHUN LIMITED, was incorporated in January 2014 to facilitate offshore financing.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

29.8%Operating margin3
33.1%Net margin3
17.3%Revenue growth, 20253
13.7%Return on equity3
$633.9MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Online Recruitment Services To Enterprises Customers brought in 99% of the revenue Kanzhun Ltd broke down this way in fiscal 2025.

  1. Online Recruitment Services To Enterprises Customers8.2B CNY399%up 13% from 2024
  2. Others74.8M CNY31%down 13% from 2024
Products and services by year
Products and services202320242025
Online Recruitment Services To Enterprises Customers5.9B CNY7.3B CNY8.2B CNY
Others62.9M CNY85.7M CNY74.8M CNY

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue15¢$176.6M
  • Research and development20¢$236.5M
  • Other costs26¢$305.1M
  • Income tax6¢$72.9M
  • Profit33¢$391.1M

Out of $1.2B in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Capital spending3¢$17.0M
  • Dividends paid12¢$79.1M
  • Share buybacks3¢$20.4M
  • Kept or used elsewhere82¢$534.4M

Out of $651.0M of cash from operations.3

Financial statements

Revenue67893$1.2B in 2025+77% since 2021
0$500.0M$1.0B$1.5B2021: $668.4M$668.4M20212022: $654.0M$654.0M2022−2%2023: $838.3M$838.3M2023+28%2024: $1.0B$1.0B2024+20%2025: $1.2B$1.2B2025+17%
Operating income67893$352.4M in 2025
-$200.0M0$200.0M$400.0M2021: -$162.6M-$162.6M20212022: -$18.8M-$18.8M2022−88%2023: $81.8M$81.8M20232024: $160.7M$160.7M2024+96%2025: $352.4M$352.4M2025+119%
Net income67893$391.1M in 2025
-$200.0M0$200.0M$400.0M2021: -$168.1M-$168.1M20212022: $15.5M$15.5M20222023: $154.8M$154.8M2023+896%2024: $214.7M$214.7M2024+39%2025: $391.1M$391.1M2025+82%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-31
Total revenues8.3B CNY7.4B CNY6.0B CNY
Cost of revenues-1.2B CNY-1.2B CNY-1.1B CNY
Sales and marketing expenses-1.7B CNY-2.1B CNY-2.0B CNY
Research and development expenses-1.7B CNY-1.8B CNY-1.5B CNY
General and administrative expenses-1.2B CNY-1.1B CNY-811.8M CNY
Total operating cost and expenses-5.8B CNY-6.2B CNY-5.4B CNY
Other operating income/(expenses), net-22.1M CNY39.8M CNY35.4M CNY
Income from operations2.5B CNY1.2B CNY581.0M CNY
Interest and investment income, net706.0M CNY625.3M CNY606.8M CNY
Foreign exchange gain/(loss)11.2M CNY-68.0K CNY1.1M CNY
Other income, net19.0M CNY34.5M CNY33.0M CNY
Income before income tax expenses3.2B CNY1.8B CNY1.2B CNY
Income tax expenses-509.7M CNY-265.6M CNY-122.6M CNY
Net income2.7B CNY1.6B CNY1.1B CNY
Net loss attributable to non-controlling interests44.9M CNY17.6M CNY9.0K CNY
Net income attributable to ordinary shareholders of KANZHUN LIMITED2.7B CNY1.6B CNY1.1B CNY
- Basic901.0M shares881.9M shares870.3M shares
- Diluted927.0M shares909.2M shares902.7M shares
- Basic3.04 CNY1.80 CNY1.26 CNY
- Diluted2.95 CNY1.74 CNY1.22 CNY
Foreign currency translation adjustments-256.6M CNY154.2M CNY187.0M CNY
Net change in unrealized gains on available-for-sale investments-Unrealized gains75.7M CNY1.7M CNY16.6M CNY
Net change in unrealized gains on available-for-sale investments-Reclassification of gains to net income-31.2M CNY
Unrealized gains on available-for-sale investments, net of reclassification44.4M CNY1.7M CNY16.6M CNY
Total other comprehensive income/(loss)-212.2M CNY155.9M CNY203.6M CNY
Total comprehensive income2.5B CNY1.7B CNY1.3B CNY
Comprehensive loss attributable to non-controlling interests45.2M CNY17.5M CNY9.0K CNY
Comprehensive income attributable to ordinary shareholders of KANZHUN LIMITED2.5B CNY1.7B CNY1.3B CNY

Compare Kanzhun Ltd with another company

Corporate structure

Kanzhun Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Kanzhun Ltd

  • Tencent Holdings Ltd Filed SCHEDULE 13G/A on Kanzhun Ltd, latest May 12, 2026 (4 filings since Feb 10, 2022)
  • Capital World Investors Filed SCHEDULE 13G/A on Kanzhun Ltd, latest Apr 6, 2026 (5 filings since May 5, 2025)
  • Peng Jonathan Zhao Filed SCHEDULE 13G/A on Kanzhun Ltd, latest Nov 7, 2025 (4 filings since Feb 11, 2022)
  • Banyan Partners Fund II, L.P. Filed SC 13G/A on Kanzhun Ltd, latest Feb 13, 2024 (3 filings since Feb 11, 2022)
  • Ceyuan Ventures III, L.P. Filed SC 13G on Kanzhun Ltd, latest Mar 22, 2023
  • COATUE MANAGEMENT LLC Filed SC 13G/A on Kanzhun Ltd, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • GGV Capital VI L.P. Filed SC 13G/A on Kanzhun Ltd, latest Feb 14, 2023
  • GOLDMAN SACHS ASSET MANAGEMENT, L.P. Filed SC 13G/A on Kanzhun Ltd, latest Feb 14, 2023 (2 filings since Feb 11, 2022)
  • PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on Kanzhun Ltd, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • Capital Today Evergreen Fund, L.P. Filed SC 13G/A on Kanzhun Ltd, latest Feb 8, 2023 (2 filings since Feb 9, 2022)
  • GGV Capital IV L.P. Filed SC 13G on Kanzhun Ltd, latest Feb 14, 2022
  • Kanzhun Ltd George Town, Cayman Islands

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Kanzhun Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation2.7B CNY3 Dec 31, 20252.8B CNY3 Dec 31, 2024−3.0%
Accumulated depreciation1.4B CNY3 Dec 31, 20251.0B CNY3 Dec 31, 2024+40.1%
Property and equipment, net$178.0M3 Dec 31, 2025$237.5M9 Dec 31, 2024−25.0%
Operating-lease assets (leased space)$23.1M3 Dec 31, 2025$41.5M9 Dec 31, 2024−44.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$587.0M3 Dec 31, 2025$349.8M9 Dec 31, 2024+67.8%
Marketable securities, current$1.4B3 Dec 31, 2025$909.6M9 Dec 31, 2024+48.6%
Long-term investments$271.4M3 Dec 31, 2025$262.3M9 Dec 31, 2024+3.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$934.0K3 Dec 31, 2025$894.0K9 Dec 31, 2024+4.5%
Intangible assets, net (excluding goodwill)$14.4M3 Dec 31, 2025$34.6M9 Dec 31, 2024−58.3%
Finite-lived intangibles, gross289.9M CNY3 Dec 31, 2025289.9M CNY3 Dec 31, 20240%
Accumulated amortization37.3M CNY9 Dec 31, 20243.2M CNY9 Dec 31, 2023+1060.0%
Finite-lived intangibles, net100.9M CNY3 Dec 31, 2025252.6M CNY3 Dec 31, 2024−60.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$342.0K3 Dec 31, 2025$417.0K9 Dec 31, 2024−18.0%

Leadership

Who has led Kanzhun Ltd, and when. Pick a name to see everywhere that person has worked.

President

  1. Xu Chen2026–now
Board members and other officers (8)

Timeline

  1. Jan 16, 2014Founded Kanzhun Ltd is founded2

Calendar

Coming up

  1. Nov 17, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.24 a share, on Nov 18, 2025.17

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

429 filings to the SEC since October 2021: 5 annual reports, 34 insider forms, 27 large holders, 363 other. The latest 20:

  1. Oct 7, 20266-K EDGAR
  2. Oct 2, 20266-K EDGAR
  3. Sep 30, 20266-K EDGAR
  4. Sep 23, 20266-K EDGAR
  5. Sep 21, 20264 OWNERSHIP DOCUMENT EDGAR
  6. Sep 21, 2026144 EDGAR
  7. Sep 21, 2026144/A EDGAR
  8. Sep 18, 20264 OWNERSHIP DOCUMENT EDGAR
  9. Sep 18, 20264 OWNERSHIP DOCUMENT EDGAR
  10. Sep 18, 20266-K EDGAR
  11. Sep 17, 2026144 EDGAR
  12. Sep 16, 20266-K EDGAR
  13. Sep 14, 20264 OWNERSHIP DOCUMENT EDGAR
  14. Sep 14, 2026144 EDGAR
  15. Sep 11, 20264 OWNERSHIP DOCUMENT EDGAR
  16. Sep 11, 20266-K EDGAR
  17. Sep 10, 2026144 EDGAR
  18. Sep 9, 20264 OWNERSHIP DOCUMENT EDGAR
  19. Sep 8, 20266-K EDGAR
  20. Sep 4, 20266-K EDGAR

The 429 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

16 open-market trades by officers, directors and large owners since October 2021: 0 buys and 16 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 21, 2026Zhao Peng JonathanChief Executive OfficerSale15,170,000$7.25$110.0MForm 4
Sep 17, 2026Mu YangDirectorSale60,704$7.46$452.9KForm 4
Sep 11, 2026Zhao Peng JonathanChief Executive OfficerSale359,600$8.28$3.0MForm 4
Sep 10, 2026Zhao Peng JonathanChief Executive OfficerSale384,000$8.18$3.1MForm 4
Sep 10, 2026Chen XuChief Marketing OfficerSale200,000$8.15$1.6MForm 4
Sep 4, 2026Chen XuChief Marketing OfficerSale400,000$8.50$3.4MForm 4
Jun 16, 2026Sun YonggangDirectorSale548$6.81$3.7KForm 4
Jun 16, 2026Chen XuChief Marketing OfficerSale84$6.83$574Form 4
Jun 16, 2026WANG XiehuaDirectorSale71,288$6.82$486.2KForm 4
Mar 30, 2026Mu YangDirectorSale16,968$6.69$113.5KForm 4
Mar 30, 2026Wang WenbeiDeputy Chief Financial OfficerSale814$6.69$5.4KForm 4
Mar 20, 2026Mu YangDirectorSale510$6.68$3.4KForm 4
Mar 20, 2026WANG XiehuaDirectorSale116$6.70$777Form 4
Mar 20, 2026Wang WenbeiDeputy Chief Financial OfficerSale20$6.68$134Form 4
Mar 19, 2026Zhao Peng JonathanChief Executive OfficerSale64,000$6.75$432.0KForm 4
Mar 18, 2026Zhao Peng JonathanChief Executive OfficerSale64,000$6.98$446.7KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Schroder Investment Management Group27,517,818$354.2M0.3%+902,826
BlackRock, Inc.18,266,420$235.1M0.0%−2,041,629
Krane Funds Advisors LLC13,815,013$177.8M6.3%−412,554
Capital World Investors13,810,699$177.7M0.0%+13,668,288
CoreView Capital Management Ltd12,480,785$160.6M29.4%+2,000,000
Morgan Stanley12,405,907$159.7M0.0%+823,348
Perseverance Asset Management International11,798,246$151.8M15.5%+7,510,681
Vanguard Capital Management LLC11,763,812$151.4M0.0%+2,091,646
Baillie Gifford & Co9,561,126$123.1M0.1%−387,852
Robeco Institutional Asset Management B.V.9,414,041$121.2M0.1%−154,223
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC7,298,212$93.9M0.0%+7,296,498
State Street Corp7,047,046$90.7M0.0%+18,773
Assenagon Asset Management S.A.7,037,342$90.6M0.1%+2,874,994
Bank Of America Corp /de/6,060,160$78.0M0.0%−22,865
Thornburg Investment Management Inc5,413,729$69.7M0.7%−819,117
Goldman Sachs Group Inc5,060,325$65.1M0.0%−1,504,092
Brilliance Asset Management Ltd5,007,947$64.5M19.0%+27,817
Norges Bank4,963,650$63.9M0.0%New
Artisan Partners Limited Partnership4,893,717$63.0M0.1%−419,061
Massachusetts Financial Services Co /ma/4,538,343$62.5M0.0%+2,023,480
Jupiter Asset Management Ltd4,389,800$56.5M0.3%−552,000
Temasek Holdings (Private) Ltd4,345,925$55.9M0.2%No change
Renaissance Technologies LLC3,979,467$51.2M0.1%−1,719,200
Allspring Global Investments Holdings, LLC3,342,799$45.1M0.1%+351,073
FIL Ltd3,291,127$42.4M0.0%+1,183,125

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Kanzhun Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARKanzhun Ltd1
  • CIK0001842827
  • Filer statusLarge accelerated filer not an emerging growth company; not a shell company5
  • Incorporated inCayman Islands5
  • Fiscal year endsDecember 311
  • Industry code (SIC)7370 Services-Computer Programming, Data Processing, Etc.1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business addressGrandyvic Bldg, Taiyanggong Mid Rd, Chaoyang Dist, Beijing, China1
  • Phone86-10-8415-06331
  • Shares outstanding800,557,411 Common Class A shares; 13,043,040 Common Class B shares as of Dec 31, 20255
  • AuditorPricewaterhouseCoopers Zhong Tian LLP, Shanghai, the People’s Republic of China PCAOB ID 1424; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceMar 19, 20211
  • Filings464 in all: 6-K (318), 144 (36), 4 (23), SC 13G/A (11), 3 (10), CORRESP (9), SC 13G (9), UPLOAD (7)1
    All 30 form types

    SCHEDULE 13G/A (6), 20-F (5), F-1/A (5), DRSLTR (3), 424B5 (2), DRS/A (2), EFFECT (2), S-8 (2), 144/A (1), 3/A (1), 424B3 (1), 424B4 (1), 6-K/A (1), 8-A12B (1), CERT (1), DRS (1), F-1 (1), F-3ASR (1), F-6 (1), F-6/A (1), FWP (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (20-F) Apr 29, 2026

Securities registered for trading

ClassSymbolExchange
American depositary sharesBZNasdaq Global Select Market
Class A ordinary shares, par valueUS$0.0001 per shareNasdaq Global Select Market

From the cover page of the 20-F filed Apr 29, 2026 (Section 12(b) of the Exchange Act).5

Sources

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