36Kr Holdings Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	227.94	231.07	340.19	322.5	316.78
Revenue Growth (YoY)	-1.36%	-32.07%	5.49%	1.80%	-18.09%
Cost of Revenue	96.44	118.73	158.17	137.85	128.84
Gross Profit	131.5	112.34	182.02	184.65	187.94
Selling, General & Admin	108.77	175.7	234.55	174.14	234.52
Research & Development	12.71	14.4	41.68	55.05	47.52
Operating Expenses	121.48	190.1	276.23	229.19	282.04
Operating Income	10.02	-77.76	-94.22	-44.54	-94.11
Interest & Investment Income	0.95	0.62	1.31	17.96	2.49
Earnings From Equity Investments	-0.72	-3.73	-0.52	0.05	-5.47
Other Non Operating Income (Expenses)	0.85	2.07	8.85	11.5	6.59
EBT Excluding Unusual Items	11.09	-78.8	-84.58	-15.02	-90.51
Gain (Loss) on Sale of Investments	-	-62.76	-8.08	-	-
Gain (Loss) on Sale of Assets	0.36	0.84	3.37	38.02	-
Pretax Income	11.45	-140.72	-89.29	23	-90.51
Income Tax Expense	0.02	0.06	-0.04	0.36	0.1
Earnings From Continuing Operations	11.43	-140.79	-89.25	22.64	-90.61
Minority Interest in Earnings	-0.26	4.16	-0.73	-0.69	1.04
Net Income	11.17	-136.63	-89.98	21.94	-89.57
Net Income to Common	11.17	-136.63	-89.98	21.94	-89.57
Shares Outstanding (Basic)	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2
Shares Change (YoY)	0.54%	1.08%	0.82%	0.92%	0.56%
EPS (Basic)	5.27	-64.79	-43.13	10.61	-43.69
EPS (Diluted)	5.27	-65.00	-43.13	10.50	-43.69
Free Cash Flow	-	-33.43	-127.54	-6.05	193.21
Free Cash Flow Per Share	-	-15.86	-61.14	-2.93	94.24
Gross Margin	57.69%	48.62%	53.51%	57.26%	59.33%
Operating Margin	4.40%	-33.65%	-27.70%	-13.81%	-29.71%
Profit Margin	4.90%	-59.13%	-26.45%	6.80%	-28.28%
Free Cash Flow Margin	-	-14.47%	-37.49%	-1.88%	60.99%
EBITDA	12.58	-75.2	-92.22	-42.62	-91.45
EBITDA Margin	5.52%	-32.54%	-27.11%	-13.21%	-28.87%
D&A For EBITDA	2.56	2.56	2	1.92	2.66
EBIT	10.02	-77.76	-94.22	-44.54	-94.11
EBIT Margin	4.40%	-33.65%	-27.70%	-13.81%	-29.71%
Effective Tax Rate	0.18%	-	-	1.57%	-
Revenue as Reported	227.94	231.07	340.19	322.5	316.78
Advertising Expenses	-	2.34	4.9	4.8	7.27

Updated Sep 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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