Want to see BZ full AI Analyst Report?
Top Page
Kanzhun Ltd Sponsored
(NASDAQ:BZ)
Select Model
Select Model
Rating:84Outperform
Price Target:
$16.50
▲(1.29% Upside)
Action:Reiterated
Date:09/06/26
BZ scores highly on financial performance due to exceptional margins, improving returns, and a very conservative balance sheet. Earnings-call guidance and commentary support durable growth and strong profitability, though higher marketing/AI costs and weaker operating cash flow temper the outlook. Technicals are supportive but neutral in momentum, and valuation is favorable with a low P/E and modest dividend yield.
Positive Factors
Exceptional margins and operating leverage
Exceptional gross and adjusted operating margins show that Kanzhun converts platform scale into substantial profitability. Costs grew more slowly than revenue, while AI adoption supported efficiency, creating a durable earnings foundation that can fund product investment and strengthen competitive positioning.
Negative Factors
Weaker operating cash-flow momentum
Operating cash flow is not keeping pace with reported profitability, and recent free-cash-flow growth has turned modestly negative. Marketing costs, taxes, and lower investment income receipts contributed to the decline, creating a nearer-term constraint on cash conversion despite strong overall liquidity.
Read all positive and negative factors
Positive Factors
Negative Factors
Exceptional margins and operating leverage
Exceptional gross and adjusted operating margins show that Kanzhun converts platform scale into substantial profitability. Costs grew more slowly than revenue, while AI adoption supported efficiency, creating a durable earnings foundation that can fund product investment and strengthen competitive positioning.
Read all positive factors
Kanzhun Ltd Sponsored (BZ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.88B
Dividend Yield4.17%
Average Volume (3M)7.10M
Price to Earnings (P/E)10.9
Beta (1Y)1.26
Revenue Growth15.92%
EPS Growth112.86%
CountryUS
Employees4,884
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)9.98
Shares Outstanding414,797,360
10 Day Avg. Volume4,557,955
30 Day Avg. Volume7,095,435
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 Cap0.37
Enterprise Value/Revenue0.33
Enterprise Value/Gross Profit0.39
Enterprise Value/Ebitda0.43
Forecast
1Y Price Target
$21.00Price Target Upside28.91% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)8.55
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
95
Very Positive
Cash Flow
83
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.70B | 8.27B | 7.36B | 5.95B | 4.51B | 4.26B |
| Gross Profit | 7.47B | 7.03B | 6.12B | 4.89B | 3.76B | 3.70B |
| EBITDA | 6.70B | 4.02B | 2.52B | 1.65B | 404.40M | -822.11M |
| Net Income | 4.60B | 2.74B | 1.58B | 1.10B | 107.25M | -1.07B |
Balance Sheet | ||||||
| Total Assets | 26.89B | 24.57B | 19.31B | 17.94B | 14.83B | 13.64B |
| Cash, Cash Equivalents and Short-Term Investments | 20.95B | 19.95B | 14.68B | 12.91B | 13.21B | 12.23B |
| Total Debt | 216.17M | 158.04M | 302.13M | 280.09M | 295.03M | 310.90M |
| Total Liabilities | 5.83B | 4.49B | 4.35B | 4.51B | 3.19B | 2.97B |
| Stockholders Equity | 21.06B | 20.03B | 14.87B | 13.43B | 11.64B | 10.67B |
Cash Flow | ||||||
| Free Cash Flow | 4.51B | 4.43B | 2.69B | 2.09B | 662.92M | 1.38B |
| Operating Cash Flow | 4.63B | 4.55B | 3.54B | 3.05B | 1.00B | 1.64B |
| Investing Cash Flow | -4.97B | -4.61B | -2.02B | -9.94B | -2.82B | -601.86M |
| Financing Cash Flow | -153.05M | 1.65B | -1.46B | -417.02M | -669.23M | 6.43B |
Kanzhun Ltd Sponsored Technical Analysis
Positive
16.29
Price Trends
15.48
Positive
14.78
Positive
14.86
Positive
Market Momentum
0.41
Negative
62.01
Neutral
75.20
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 15.51, above the 50-day MA of 15.48, and above the 200-day MA of 14.86, indicating a bullish trend. The MACD of 0.41 indicates Negative momentum. The RSI at 62.01 is Neutral, neither overbought nor oversold. The STOCH value of 75.20 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)
BZ
Kanzhun Ltd Sponsored
16.41
-4.96
-23.20%
FVRR
Fiverr International
8.49
-14.42
-62.94%
Kanzhun Ltd Sponsored Corporate Events
Kanzhun Updates Share Capital After Option Exercises and Class B-to-A Conversion in September 2026
Sep 23, 2026
Kanzhun Limited reported changes to its share capital structure in September 2026, reflecting both employee equity incentives and adjustments to its dual-class share arrangement. On 18 September 2026, the company issued 20,400 new Class A ordinary...
Kanzhun Updates Share Capital After Buybacks, RSU Vesting and Class B-to-A Conversion
Sep 18, 2026
Kanzhun Limited reported changes to its share capital structure in September 2026, detailing movements in its Class A and Class B WVR ordinary shares. The disclosure reflects ongoing use of equity-based compensation and capital management tools wi...
Kanzhun Grants Performance-Linked RSUs to Employees Under Post-IPO Scheme
Sep 16, 2026
On September 15, 2026, Kanzhun Limited granted 530,630 restricted share units, equivalent to the same number of Class A ordinary shares, to nine employees under its Post-IPO Share Scheme at nil issue price, when the shares closed at HK$60.20 in Ho...
Kanzhun Updates Share Capital After Option Exercises and Earlier Buybacks
Sep 11, 2026
In a filing dated September 11, 2026, Kanzhun Limited reported changes to its share capital structure stemming from the exercise of employee and director share options earlier in the month. New Class A ordinary shares were issued on September 8 an...
Kanzhun Details September 2026 Option Exercises and Share Count Changes
Sep 8, 2026
Kanzhun Limited filed a Form 6-K with the U.S. Securities and Exchange Commission on September 8, 2026, outlining changes in its Hong Kong-listed Class A ordinary shares during early September. The filing details exercises of employee and director...
Kanzhun Reports August Share Movements and Confirms Public Float Compliance
Sep 4, 2026
Kanzhun Limited filed a Form 6-K on September 4, 2026, reporting its Hong Kong monthly return on securities for the month ended August 31, 2026, with total authorised share capital unchanged at 2 billion weighted voting right ordinary shares. The ...
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...
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.