Kanzhun Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2020	FY 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Net Income	512.09	1,567	1,099	107.25	-941.9	-502.06
Depreciation & Amortization	176.42	686.48	427.89	287.4	108.04	57.55
Stock-Based Compensation	251.76	1,144	1,057	692.2	657.24	34.25
Other Adjustments	56.42	-1.09	-274.78	-42.78	5.3	0.03
Change in Receivables	1.91	-17.49	-7.04	-5.98	-5.2	-1.53
Changes in Inventories	0.18	-3.04	-	-	-	-
Changes in Accounts Payable	15.38	-28.68	24.74	10.18	-22.75	29.28
Changes in Accrued Expenses	99.53	-47.93	31.93	-18.04	130.54	79.32
Changes in Unearned Revenue	256.66	289.51	733.18	102.32	585.53	335.25
Changes in Other Operating Activities	-367.24	-45.97	-45.11	-129.51	-120.9	-137.76
Operating Cash Flow	4,185	3,542	3,047	1,003	395.91	-105.66
Operating Cash Flow Growth	19.12%	16.26%	203.78%	153.35%	-	-
Capital Expenditures	-36.53	-856.05	-955.51	-340.12	-138.21	-64.04
Sale of Property, Plant & Equipment	0.06	0.12	6.95	0.32	0.04	0.01
Purchases of Investments	-6,483	-16,513	-19,262	-5,213	-1,834	-1,172
Proceeds from Sale of Investments	5,840	15,502	10,272	2,746	2,440	12.12
Payments for Business Acquisitions	-	-150.22	-0.07	-9.93	-	-
Investing Cash Flow	-3,893	-2,017	-9,939	-2,817	467.31	-1,224
Long-Term Debt Issued	-	-	-	-	-	30
Long-Term Debt Repaid	-	-	-	-	-	-30
Issuance of Common Stock	7.41	191.32	217.71	249.66	79	-
Repurchase of Common Stock	-93.41	-1,652	-71.84	-918.89	-	-
Net Common Stock Issued (Repurchased)	-85.99	-1,461	145.88	-669.23	79	-
Issuance of Preferred Stock	-	-	-	-	2,803	993.48
Net Preferred Stock Issued (Repurchased)	-	-	-	-	2,803	993.48
Common Dividends Paid	-	-	-562.9	-	-	-
Financing Cash Flow	1,591	-1,461	-417.02	-669.23	2,882	993.48
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-0.22	15.07	29.79	892.84	-154.48	43.11
Net Cash Flow	1,882	80.13	-7,279	-1,590	3,591	-292.88
Free Cash Flow	4,148	2,686	2,091	662.92	257.7	-169.7
Free Cash Flow Growth	54.42%	28.45%	215.50%	157.25%	-	-
FCF Margin	51.77%	36.52%	35.14%	14.70%	13.25%	-16.99%
Free Cash Flow Per Share	9.10	5.75	4.48	1.42	3.17	-1.11
Levered Free Cash Flow	2,635	1,579	1,316	19.48	-683.62	-434.77
Unlevered Free Cash Flow	1,976	997.25	739.82	-206.49	-402.65	-212.32

Updated Nov 18, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q