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Kanzhun Ltd Sponsored
(NASDAQ:BZ)
Select Model
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Rating:84Outperform
Price Target:
$22.00
â–²(35.05% Upside)
Action:Reiterated
Date:08/27/26
The score is driven primarily by very strong financial performance (high margins, robust free cash flow, and minimal leverage). Valuation is supportive with a low-teens P/E and a small dividend. Technicals are constructive with the stock trading above key moving averages and positive MACD, while earnings-call takeaways are favorable but tempered by higher spend, AI/cloud cost pressure, and softer operating cash flow.
Positive Factors
Platform Growth and Monetization
Growth in employers, users and ARPPU indicates expanding marketplace liquidity and stronger monetization. Rising participation on both sides of recruitment can reinforce network effects and support durable revenue growth over the next several quarters.
Negative Factors
Operating Cash Flow Pressure
The decline in operating cash generation suggests that reported profitability is not translating into stronger cash flow in every period. Although liquidity is ample, recurring spending and working-capital or tax swings could reduce cash-flow resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Platform Growth and Monetization
Growth in employers, users and ARPPU indicates expanding marketplace liquidity and stronger monetization. Rising participation on both sides of recruitment can reinforce network effects and support durable revenue growth over the next several quarters.
Read all positive factors
Kanzhun Ltd Sponsored (BZ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.24B
Dividend Yield0.89%
Average Volume (3M)3.21M
Price to Earnings (P/E)12.7
Beta (1Y)1.17
Revenue Growth15.92%
EPS Growth112.86%
CountryUS
Employees4,884
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)7.36
Shares Outstanding410,177,150
10 Day Avg. Volume2,703,662
30 Day Avg. Volume3,211,612
Financial Highlights & Ratios
PEG Ratio0.36
Price to Book (P/B)3.21
Price to Sales (P/S)7.77
P/FCF Ratio14.48
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$20.00Price Target Upside22.77% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)8.35
Revenue Forecast (FY)$9.29B
Kanzhun Ltd Sponsored Business Overview & Revenue Model
Company Description
Kanzhun Limited, established in 2013 and headquartered in Beijing, China, manages BOSS Zhipin, a leading online recruitment platform. This service operates within the People's Republic of China, streamlining the hiring journey by connecting indivi...
How the Company Makes Money
Kanzhun Ltd primarily makes money by monetizing employer-side recruitment activity on its BOSS Zhipin platform. Its core revenue stream is paid recruitment services sold to enterprises and recruiters, typically in the form of subscriptions and/or ...
Kanzhun Ltd Sponsored Earnings Call Summary
Earnings Call Date:Aug 25, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 24, 2026
Earnings Call Sentiment Positive
The call highlights durable, profitable growth with record adjusted margins, user and monetization momentum, strong cash liquidity and decisive shareholder returns, together with clear progress on AI products and closed-loop services. Offsetting risks include elevated marketing spend, higher AI/cloud costs, a drop in operating cash flow, and one-time investment-related tax volatility. Management’s strategy to lift monetization in mature cities and continue AI investment is constructive but carries execution and near-term cost considerations.Positive Updates
Revenue Growth
Total revenue of RMB 2.4 billion in Q2 2026, representing 14% year-over-year growth; company provided Q3 2026 revenue guidance of RMB 2.41–2.5 billion (up 11.4%–15.6% YoY).
Negative Updates
Increased Sales & Marketing Spend
Sales and marketing expenses rose 38% YoY to RMB 581 million in Q2 2026, primarily due to the FIFA World Cup sponsorship and higher sales employee-related cash costs, putting near-term pressure on operating cash flow.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Growth
Total revenue of RMB 2.4 billion in Q2 2026, representing 14% year-over-year growth; company provided Q3 2026 revenue guidance of RMB 2.41–2.5 billion (up 11.4%–15.6% YoY).
Read all positive updates
Company Guidance
The company guided third-quarter 2026 revenue of RMB 2.41–2.50 billion (up 11.4%–15.6% YoY) and said Q3 margins should be similar to Q2, with full-year adjusted operating margin expected to tick up slightly; management also expects share‑based compensation to remain at a high single‑digit percentage of revenue for 2026 and plans R&D investment around 20%–25% of revenue. For context, Q2 results included revenue of RMB 2.4 billion (+14% YoY), adjusted operating income excluding SBC of RMB 1.05 billion (+19% YoY) with an adjusted operating margin of 43.8% (+1.9 ppts YoY), gross margin of 87% (+1.6 ppts YoY), paying enterprise customers of 7.2 million (+11% YoY), MAU exceeding 17 million, ARPPU +7% YoY, total operating costs/expenses of RMB 1.5 billion (+6% YoY), share‑based compensation RMB 186 million (‑19% YoY; 7.8% of revenue), net income RMB 1.9 billion (+173% YoY) and adjusted net income (ex‑SBC and investment gains) of RMB 1.03 billion (+9% YoY); cash from operations was RMB 945 million (‑10% YoY) and cash on hand totaled RMB 18.8 billion. Management reiterated continued AI and cloud investment (FIFA World Cup marketing costs spread across Q2–Q3) without a material change to cost structure, and flagged a five‑year target for OfferToday of roughly $100–115 million in annual revenue.Kanzhun Ltd Sponsored Financial Statement Overview
Summary
Income Statement
92
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
90
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.40B | 8.27B | 7.36B | 5.95B | 4.51B | 4.26B |
| Gross Profit | 7.18B | 7.03B | 6.12B | 4.89B | 3.76B | 3.70B |
| EBITDA | 5.02B | 4.02B | 2.52B | 1.65B | 404.40M | -822.11M |
| Net Income | 3.37B | 2.74B | 1.58B | 1.10B | 107.25M | -1.07B |
Balance Sheet | ||||||
| Total Assets | 25.54B | 24.57B | 19.31B | 17.94B | 14.83B | 13.64B |
| Cash, Cash Equivalents and Short-Term Investments | 20.42B | 19.95B | 14.68B | 12.91B | 13.21B | 12.23B |
| Total Debt | 123.13M | 158.04M | 302.13M | 280.09M | 295.03M | 310.90M |
| Total Liabilities | 5.07B | 4.49B | 4.35B | 4.51B | 3.19B | 2.97B |
| Stockholders Equity | 20.46B | 20.03B | 14.87B | 13.43B | 11.64B | 10.67B |
Cash Flow | ||||||
| Free Cash Flow | 4.66B | 4.43B | 2.69B | 2.09B | 662.92M | 1.38B |
| Operating Cash Flow | 4.74B | 4.55B | 3.54B | 3.05B | 1.00B | 1.64B |
| Investing Cash Flow | -5.48B | -4.61B | -2.02B | -9.94B | -2.82B | -601.86M |
| Financing Cash Flow | 1.38B | 1.65B | -1.46B | -417.02M | -669.23M | 6.43B |
Kanzhun Ltd Sponsored Technical Analysis
Positive
16.29
Price Trends
15.05
Positive
14.43
Positive
16.40
Positive
Market Momentum
0.41
Negative
71.24
Negative
71.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BZ, the sentiment is Positive. The current price of 16.29 is above the 20-day moving average (MA) of 16.26, above the 50-day MA of 15.05, and below the 200-day MA of 16.40, indicating a bullish trend. The MACD of 0.41 indicates Negative momentum. The RSI at 71.24 is Negative, neither overbought nor oversold. The STOCH value of 71.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BZ.
Kanzhun Ltd Sponsored Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | $7.24B | 12.67 | 24.05% | 1.09% | 15.92% | 112.86% | |
70 Outperform | $1.09B | 10.80 | 16.70% | ― | 1.86% | -56.74% | |
63 Neutral | $190.20M | 135.26 | 1.28% | ― | -7.34% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
59 Neutral | $357.69M | 12.31 | -41.38% | ― | 0.41% | ― | |
58 Neutral | $2.00B | -123.60 | -24.52% | 4.96% | 2.64% | -140.86% | |
55 Neutral | $2.89B | 27.66 | 5.06% | 2.81% | 6.72% | ― |
* Communication Services Sector Average
BZ
Kanzhun Ltd Sponsored
18.84
-4.12
-17.93%
DHX
DHI Group
4.45
1.73
63.60%
NSP
Insperity
51.91
1.39
2.75%
MAN
ManpowerGroup
61.96
22.60
57.42%
UPWK
Upwork
8.64
-6.27
-42.05%
ZIP
ZipRecruiter
4.31
-0.66
-13.28%
Kanzhun Ltd Sponsored Corporate Events
Kanzhun Posts Strong Interim Profit Growth for First Half of 2026
Aug 25, 2026
Kanzhun Limited reported unaudited interim consolidated results for the six months ended June 30, 2026, showing solid growth in its recruitment platform business. The figures were prepared under U.S. GAAP and reviewed by the Board’s audit co...
Kanzhun Posts Strong Q2 2026 Growth and Boosts Shareholder Returns
Aug 25, 2026
On August 25, 2026, Kanzhun Limited reported unaudited results for the quarter ended June 30, 2026, highlighting double-digit growth in users and paying enterprise customers. Average monthly active users rose 10.4% year-on-year to 70.2 million, pa...
Kanzhun Reports July 2026 Share Movements and Ongoing Buybacks
Aug 6, 2026
Kanzhun Limited reported to the U.S. Securities and Exchange Commission in a Form 6-K dated August 6, 2026, and to Hong Kong Exchanges and Clearing for the month ended July 31, 2026, that its authorised share capital remained unchanged at 2 billio...
Kanzhun Limited Reports June 2026 Share Movements, Confirms Public Float Compliance
Jul 7, 2026
For the month ended June 30, 2026, Kanzhun Limited reported to the Hong Kong Exchanges that its authorised share capital remained unchanged at 2 billion ordinary shares split between Class A and Class B, with total registered capital of USD 200,00...
Kanzhun Details Late-May to June 2026 Share Repurchases in Hong Kong Filing
Jul 1, 2026
Kanzhun Limited reported in a July 1, 2026 filing that its issued share capital remained unchanged at 820,296,931 Class A ordinary shares as of June 30, 2026, with no treasury shares on its Hong Kong listing. The company also disclosed that by Jun...
Kanzhun Details June 2026 Share Option Exercise and Ongoing Buybacks
Jun 30, 2026
On June 30, 2026, Kanzhun Limited filed a Form 6-K in the United States and a Next Day Disclosure Return in Hong Kong detailing minor changes to its share capital structure. The company reported the exercise of 5,000 share options by a non-directo...
Kanzhun Discloses June 2026 Share Issuances and Extensive Buybacks
Jun 29, 2026
On June 29, 2026, Kanzhun Limited reported changes to its share capital structure for late May and June 2026, including the issuance of new Class A ordinary shares under its share incentive plans and an ongoing share repurchase program. On June 26...
Kanzhun Details Late-May to June 2026 Share Repurchases and Stable Share Capital
Jun 26, 2026
In a regulatory filing for June 2026, Kanzhun Limited reported that its total number of issued Class A ordinary shares remained unchanged at 820,282,861 between June 24 and June 25, 2026, with no treasury shares outstanding. As of June 25, 2026, t...
Kanzhun Shareholders Approve All AGM Resolutions, Renew Board Mandates
Jun 25, 2026
On June 25, 2026, Beijing-based Kanzhun Limited, operator of China’s BOSS Zhipin online recruitment platform, reported that shareholders approved all resolutions at its annual general meeting. The meeting confirmed continued governance stabi...
Kanzhun Limited Details June 2026 Share Option Exercise and Ongoing Buybacks
Jun 25, 2026
In a regulatory filing dated June 25, 2026, Kanzhun Limited reported minor changes to its share capital structure, including the issuance of 4,000 new Class A ordinary shares on June 24, 2026, following the exercise of employee share options at an...
Kanzhun Steps Up Nasdaq Share Buybacks as Hong Kong Float Holds Steady
Jun 24, 2026
Kanzhun Limited reported in a June 24, 2026 filing that its issued share capital of Class A ordinary shares on the Hong Kong Stock Exchange remained unchanged at 820,278,861 shares between June 22 and June 23, 2026, with no treasury shares outstan...
Kanzhun Steps Up Nasdaq Buybacks as Hong Kong Share Count Holds Steady
Jun 23, 2026
Kanzhun Limited reported no change in its total issued Class A ordinary shares between June 18 and June 22, 2026, maintaining 820,278,861 shares outstanding. As of June 22, 2026, 24,031,922 Class A shares were held by the depositary for bulk issua...
Kanzhun Updates Share Capital After RSU Vesting and June Buybacks
Jun 22, 2026
Kanzhun Limited reported changes to its share capital structure in June 2026, primarily reflecting equity incentives and capital management actions in its Hong Kong–listed Class A ordinary shares. On June 18, 2026, the company issued 407,484...
Kanzhun Steps Up U.S.-Listed Share Buybacks in Mid-June 2026
Jun 18, 2026
Kanzhun Limited reported in a June 18, 2026 filing that its issued share capital of 819,871,377 Class A ordinary shares on the Hong Kong Stock Exchange remained unchanged between June 16 and June 17, 2026. The company confirmed that, as of June 17...
Kanzhun Updates Share Count After June Equity Awards and Ongoing Buybacks
Jun 17, 2026
On June 17, 2026, Kanzhun Limited filed a Form 6-K detailing a Hong Kong Stock Exchange Next Day Disclosure Return covering changes in its Class A ordinary share capital. On June 16, 2026, the company issued 2,000 new shares on exercise of options...
Kanzhun Ramps Up Share Buybacks and Issues New Shares on Option Exercises
Jun 16, 2026
On June 16, 2026, Kanzhun filed a Form 6-K reporting changes to its share capital, including a small issuance of 14,250 new Class A ordinary shares on June 15, 2026 following the exercise of employee share options at an issue price of about US$4.3...
Kanzhun Updates Share Capital After Buybacks and Class B-to-A Conversions
Jun 15, 2026
Kanzhun Limited reported changes to its share capital structure in a June 15, 2026 filing, detailing activity through June 12, 2026, including repurchases and conversions between its dual-class shares. The company cancelled 24,334,590 Class A shar...
Kanzhun Details Ongoing Share Buybacks and ADS Reserve Allocation in June 2026 Filing
Jun 12, 2026
Kanzhun Limited reported in a June 12, 2026 filing that its issued Class A ordinary shares stood at 840,583,601 as of June 11, 2026, with no treasury shares and no changes in its total issued share count over that period. The company detailed an e...
Kanzhun Details Extensive Share Buybacks With No Change in Issued Share Capital
Jun 11, 2026
Kanzhun Limited reported to the U.S. Securities and Exchange Commission on June 11, 2026, that its issued share capital remained unchanged at 840,583,601 Class A ordinary shares as of June 10, 2026, with no treasury shares outstanding. The company...
Kanzhun Details Ongoing Share Buybacks and Confirms Stable Share Count as of June 9, 2026
Jun 10, 2026
Kanzhun Limited reported in a June 10, 2026 filing that its total issued Class A ordinary shares on the Hong Kong Stock Exchange stood at 840,583,601 as of June 9, 2026, with no changes in the number of issued or treasury shares during the latest ...
Kanzhun Details Share Option Exercises and Ongoing Buybacks in June 2026 Filing
Jun 8, 2026
Kanzhun Limited reported to the U.S. Securities and Exchange Commission in a June 8, 2026 Form 6-K that its issued share capital changed slightly after the exercise of share options by a non-director participant on June 5, 2026, increasing its Cla...
Kanzhun Details Share Option Exercise and Ongoing Buybacks in June 6-K Filing
Jun 5, 2026
On June 5, 2026, Kanzhun Limited filed a Form 6-K with U.S. regulators detailing changes to its Hong Kong–listed Class A share capital, including a minor option exercise and extensive buybacks in recent months. On June 4, 2026, 2,000 new Cla...
Kanzhun Details June Share Issuance and Ongoing Buybacks in Latest 6-K
Jun 4, 2026
On June 4, 2026, Kanzhun Limited filed a Form 6-K reporting changes in its share capital and ongoing buyback activity relating to its Hong Kong–listed Class A ordinary shares. The filing discloses that on June 3, 2026, the company issued 10,...
Kanzhun Details Option Exercises and Aggressive Share Buybacks in June 3 Filing
Jun 3, 2026
On June 3, 2026, Kanzhun Limited filed a Form 6-K in the United States disclosing a Next Day Disclosure Return to the Hong Kong Stock Exchange, detailing recent changes in its Class A ordinary share capital. The filing, signed by director and chie...
Kanzhun Details Share Issuances and Extensive Buyback Activity Through June 1, 2026
Jun 2, 2026
Kanzhun Limited reported changes to its share capital structure in a June 2, 2026 filing, disclosing minor issuances of Class A ordinary shares tied to employee share option exercises and the vesting and settlement of restricted share units on Jun...
Kanzhun Details Late-May Share Issuance and Ongoing Buyback Activity
Jun 1, 2026
Kanzhun Limited reported a minor change in its share capital structure in late May 2026, issuing 12,000 new Class A ordinary shares on May 29, 2026 through the exercise of share options under its share incentive scheme. Following this issuance, th...
Kanzhun Details May 2026 Share Option Issuance and Ongoing Buybacks
May 29, 2026
Kanzhun Limited disclosed changes in its Hong Kong-listed Class A ordinary shares for late May 2026, highlighting a small issuance of 9,500 new shares on May 28, 2026 via the exercise of share options under its share incentive schemes. Following t...
Kanzhun Details Extensive March–May 2026 Share Buybacks With No Change in Issued Share Count
May 28, 2026
Kanzhun Limited reported to the U.S. Securities and Exchange Commission in a Form 6-K for May 2026 that its issued Class A ordinary share count on the Hong Kong Stock Exchange remained unchanged at 840,479,467 shares between May 26 and May 27, 202...
Kanzhun Details Share Issuance for RSUs and Ongoing Buybacks in May 2026 Filing
May 27, 2026
Kanzhun Limited reported changes to its share capital structure in a May 27, 2026 filing, detailing the vesting and settlement on May 26, 2026 of 20,000 restricted share units for participants under its share incentive plans, which increased its i...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.