Kanzhun Ltd. Sponsored Adr (BZ)
NASDAQ:BZ
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Kanzhun Ltd Sponsored
(NASDAQ:BZ)
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Rating:77Outperform
Price Target:
$16.00
▲(12.60% Upside)
Action:Reiterated
Date:05/20/26
The score is driven primarily by strong financial performance (rapid growth, very high margins, low leverage, and solid cash generation) and a constructive earnings-call outlook with supportive capital returns. Offsetting factors are mixed technicals (still below longer-term moving averages) and a valuation that looks reasonable but not clearly discounted.
Positive Factors
Conservative balance sheet / low leverage
Extremely low leverage and a strengthened capital base reduce financial risk and increase strategic flexibility. This balance-sheet conservatism supports sustained buybacks/dividends, funds AI and product investment without borrowing, and helps the company weather cyclical hiring demand over the next several months.
Negative Factors
Historical profitability volatility
Prior loss-making years indicate the business can swing with cycle and execution; current elevated margins may reflect recent operating leverage and one-offs. If hiring demand softens or competition intensifies, margins and ROE could revert, challenging the sustainability of recent profitability improvements over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
Extremely low leverage and a strengthened capital base reduce financial risk and increase strategic flexibility. This balance-sheet conservatism supports sustained buybacks/dividends, funds AI and product investment without borrowing, and helps the company weather cyclical hiring demand over the next several months.
Read all positive factors
Kanzhun Ltd Sponsored (BZ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.73B
Dividend Yield0.7%
Average Volume (3M)3.94M
Price to Earnings (P/E)13.1
Beta (1Y)1.31
Revenue Growth12.91%
EPS Growth77.61%
CountryUS
Employees5,688
SectorCommunication Services
Sector Strength97
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)6.07
Shares Outstanding420,288,800
10 Day Avg. Volume4,501,910
30 Day Avg. Volume3,941,024
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)3.20
Price to Sales (P/S)7.77
P/FCF Ratio14.48
Enterprise Value/Market Cap5.77
Enterprise Value/Revenue4.70
Enterprise Value/Gross Profit5.52
Enterprise Value/Ebitda15.76
Forecast
1Y Price Target
$19.83Price Target Upside39.57% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)8.42
Revenue Forecast (FY)$9.31B
Kanzhun Ltd Sponsored Business Overview & Revenue Model
Company Description
Kanzhun Limited operates an online recruitment platform, BOSS Zhipin in the People's Republic of China. Its recruitment platform assists the recruitment process between job seekers and employers for enterprises, and corporations. The company was f...
How the Company Makes Money
Kanzhun primarily makes money by monetizing its recruitment platform with employers as the main paying customer group. Its core revenue stream is paid employer services, where companies pay for access to recruiting functionalities and visibility t...
Kanzhun Ltd Sponsored Earnings Call Summary
Earnings Call Date:May 20, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 20, 2026
Earnings Call Sentiment Positive
The call presented multiple strong operational and financial positives: solid user and paid customer growth, healthy adjusted profitability and margins, strong cash generation, and tangible early AI productivity and revenue signals. Management acknowledged short‑term seasonality headwinds, one‑time investment income volatility and the need to continue investing in AI and new businesses which will moderate margin expansion. AI monetization is promising but still small in absolute terms. Overall, the positive growth, margins, cash balance and proactive buybacks outweigh the challenges.Positive Updates
User Acquisition and MAU Growth
Acquired over 15 million newly verified users from January to April 2026; company believes achieving over 14 million newly verified users for the full year is achievable. March MAU exceeded 72 million, up 4.6% year‑on‑year; Q1 average MAU cited around ~60 million with April close to March levels indicating post‑CNY rebound.
Negative Updates
Modest Q1 Revenue Growth and Seasonality Headwind
Q1 revenue growth was modest (~7.6%–8% YoY) and management highlighted a headwind from a later Chinese New Year (one peak month in 2026 vs two in 2025), compressing peak recruiting season into March and muting Q1 comparables.
Read all updates
Q1-2026 Updates
Positive
Negative
User Acquisition and MAU Growth
Acquired over 15 million newly verified users from January to April 2026; company believes achieving over 14 million newly verified users for the full year is achievable. March MAU exceeded 72 million, up 4.6% year‑on‑year; Q1 average MAU cited around ~60 million with April close to March levels indicating post‑CNY rebound.
Read all positive updates
Company Guidance
Guidance: management reiterated Q2 2026 revenue guidance of RMB 2.38–2.42 billion (up 13.2%–15.1% YoY) and said full‑year revenue growth should be stronger than Q1 and at least double‑digit YoY; they expect to achieve over 14 million early verified users for the year (having added >15 million Jan–Apr) and to continue repurchases/dividends under the policy of allocating no less than 50% of prior year adjusted net income (year‑to‑date buybacks >USD200m ≈3% of shares; ~10% repurchased since 2022). Q1 baselines cited include revenue ~RMB2.07–2.1bn (up ~7.6%–8% YoY), adjusted operating income ~RMB810–815m (up ~17.8% YoY) with a 39.4% adjusted operating margin (+3.4pp YoY), adjusted net income RMB856m (up 12%) and adjusted net margin 41.4% (+1.7pp YoY); paid enterprise customers 7.1m TTM (+10.9% YoY, +4.4% QoQ), MAU >72m in March (+4.6% YoY) with Q1 average MAU ~60m, net cash from operations RMB1.2bn (+19% YoY), cash balance ~RMB19.8bn, and share‑based comp expected around 9% of revenue; management expects modest further margin expansion despite continued AI and new‑business investment.Kanzhun Ltd Sponsored Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
84
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 8.27B | 7.36B | 5.95B | 4.51B | 4.26B |
| Gross Profit | 7.03B | 6.12B | 4.89B | 3.76B | 3.70B |
| EBITDA | 3.28B | 1.86B | 1.01B | 157.88M | -846.88M |
| Net Income | 2.74B | 1.58B | 1.10B | 107.25M | -1.07B |
Balance Sheet | |||||
| Total Assets | 24.58B | 19.31B | 17.94B | 14.83B | 13.64B |
| Cash, Cash Equivalents and Short-Term Investments | 19.96B | 14.68B | 12.91B | 13.21B | 12.23B |
| Total Debt | 158.14M | 302.13M | 280.09M | 295.03M | 310.90M |
| Total Liabilities | 4.49B | 4.35B | 4.51B | 3.19B | 2.97B |
| Stockholders Equity | 20.09B | 14.87B | 13.43B | 11.64B | 10.67B |
Cash Flow | |||||
| Free Cash Flow | 4.43B | 2.69B | 2.09B | 662.92M | 1.38B |
| Operating Cash Flow | 4.55B | 3.54B | 3.05B | 1.00B | 1.64B |
| Investing Cash Flow | -4.61B | -2.02B | -9.94B | -2.82B | -601.86M |
| Financing Cash Flow | 1.65B | -1.46B | -417.02M | -669.23M | 6.43B |
Kanzhun Ltd Sponsored Technical Analysis
Neutral
14.21
Price Trends
13.79
Positive
15.29
Negative
18.67
Negative
Market Momentum
0.03
Negative
50.92
Neutral
65.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BZ, the sentiment is Neutral. The current price of 14.21 is above the 20-day moving average (MA) of 14.02, above the 50-day MA of 13.79, and below the 200-day MA of 18.67, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 50.92 is Neutral, neither overbought nor oversold. The STOCH value of 65.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | $6.73B | 13.05 | 17.64% | 0.70% | 12.91% | 77.61% | |
65 Neutral | $145.58M | -62.68 | -2.30% | ― | -9.39% | 72.47% | |
64 Neutral | $1.08B | 10.28 | 17.92% | ― | 2.52% | -52.38% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
51 Neutral | $1.35B | -53.35 | -32.05% | 6.37% | 3.04% | -140.22% | |
51 Neutral | $259.24M | -10.69 | 32.87% | ― | -3.33% | -45.12% | |
49 Neutral | $1.50B | -91.98 | -0.81% | 4.96% | 4.77% | -115.03% |
* Communication Services Sector Average
BZ
Kanzhun Ltd Sponsored
14.03
-4.65
-24.91%
DHX
DHI Group
3.37
0.99
41.60%
NSP
Insperity
35.38
-22.96
-39.36%
MAN
ManpowerGroup
32.30
-6.53
-16.83%
UPWK
Upwork
8.76
-6.72
-43.41%
ZIP
ZipRecruiter
3.18
-3.19
-50.08%
Kanzhun Ltd Sponsored Corporate Events
Kanzhun Details Share Buybacks and Stable Share Capital in May 2026 Filing
May 19, 2026
Kanzhun Limited reported to the U.S. Securities and Exchange Commission in May 2026 that its issued share capital remained unchanged at 840,422,467 Class A ordinary shares as of May 18, 2026, with no treasury shares outstanding. The company also d...
Kanzhun Details Ongoing Share Buybacks and Stable Share Capital in May 2026 Filing
May 18, 2026
Kanzhun Limited reported in a May 18, 2026 filing that its issued share capital on the Hong Kong Stock Exchange remained unchanged between May 14 and May 15, 2026, at 840,422,467 Class A ordinary shares, with no treasury shares recorded. The compa...
Kanzhun Details March–May 2026 Share Buybacks and Stable Share Count
May 15, 2026
Kanzhun Limited reported to the U.S. Securities and Exchange Commission in May 2026 that its issued share capital remained unchanged at 840,422,467 Class A ordinary shares between May 13 and May 14, 2026, with no treasury shares on its books. As o...
Kanzhun Discloses Ongoing Share Buybacks and Stable Share Capital as of May 13, 2026
May 14, 2026
On May 14, 2026, Kanzhun Limited reported to U.S. regulators and the Hong Kong Stock Exchange that its issued share capital remained unchanged at 840,422,467 Class A ordinary shares as of May 13, 2026, with no treasury shares outstanding. The disc...
Kanzhun Details March–May 2026 Share Buybacks and Stable Share Capital
May 13, 2026
Kanzhun Limited reported to the U.S. Securities and Exchange Commission in a Form 6-K for May 2026 that its issued share capital on the Hong Kong Stock Exchange remained unchanged at 840,422,467 Class A ordinary shares between May 11 and May 12, 2...
Kanzhun Details March–May 2026 Share Buybacks and Stable Share Count in Hong Kong Filing
May 12, 2026
Kanzhun Limited reported via a May 2026 Form 6-K and a Hong Kong Next Day Disclosure Return that its issued Class A ordinary shares outstanding remained unchanged at 840,422,467 between May 8 and May 11, 2026, with no treasury shares recorded. The...
Kanzhun Details Extensive Share Buybacks and Stable Share Capital in May 2026 Filing
May 11, 2026
Kanzhun Limited has reported that its issued share capital, consisting of weighted voting rights Class A ordinary shares, remained unchanged at 840,422,467 shares between May 7 and May 8, 2026, with no treasury shares outstanding. The filing also ...
Kanzhun Details March–May 2026 Share Buybacks and Confirms Stable Share Count
May 6, 2026
Kanzhun Limited reported to the U.S. Securities and Exchange Commission on May 6, 2026, that its total issued Class A ordinary shares on the Hong Kong Stock Exchange stood at 840,422,467 as of May 5, 2026, with no change in the overall number of i...
Kanzhun Details March–May 2026 Share Buybacks With No Change in Issued Share Count
May 5, 2026
Kanzhun Limited reported in a May 5, 2026 filing that its total issued Class A ordinary shares on the Hong Kong Stock Exchange remained unchanged at 840,422,467 as of May 4, 2026, with no new shares issued or treasury shares recorded during the pe...
Kanzhun Discloses Ongoing Share Buybacks and Stable Share Capital as of May 1, 2026
May 4, 2026
Kanzhun Limited reported in a May 4, 2026 filing that its issued share capital remained unchanged at 840,422,467 Class A ordinary shares as of May 1, 2026, with no treasury shares recorded. The company also disclosed a series of on-market share re...
Kanzhun Details March–April 2026 Share Buybacks With No Change in Issued Share Count
Apr 30, 2026
Kanzhun Limited reported in a Form 6-K filing on April 30, 2026 that its issued share capital remained unchanged at 840,422,467 Class A ordinary shares between April 28 and April 29, 2026, with no new shares issued or treasury shares created durin...
Kanzhun Files 2025 Annual and ESG Reports With U.S. SEC
Apr 29, 2026
Kanzhun Limited, a Cayman Islands–incorporated, weighted-voting-rights company based in Beijing and listed in Hong Kong under stock code 2076, has filed its latest regulatory report with the U.S. Securities and Exchange Commission. The filin...
Kanzhun Details Late-April Share Option Exercises and Ongoing Buybacks
Apr 29, 2026
On April 29, 2026, Kanzhun Limited reported minor changes to its share capital structure, detailing the exercise on April 28 of employee share options that added 6,200 Class A ordinary shares, raising its issued share count to 840,422,467. The com...
Kanzhun Details March–April 2026 Share Repurchases and Confirms Stable Share Capital
Apr 28, 2026
On April 28, 2026, Kanzhun Limited reported to U.S. and Hong Kong regulators that its issued share capital remained unchanged at 840,416,267 Class A ordinary shares as of April 27, 2026, with no treasury shares on its books. The filing also noted ...
Kanzhun Details Ongoing Share Repurchases and Stable Share Count in April 2026 Filing
Apr 27, 2026
Kanzhun Limited reported in an April 27, 2026 filing that its issued Class A ordinary share count on the Hong Kong Stock Exchange remained unchanged at 840,416,267 between April 23 and April 24, 2026, with no treasury shares recorded. As of April ...
Kanzhun Details March–April 2026 Buybacks With No Change in Total Issued Shares
Apr 24, 2026
Kanzhun Limited reported in an April 24, 2026 filing that its issued share capital remained unchanged at 840,416,267 Class A ordinary shares between April 22 and April 23, 2026, with no treasury shares outstanding. As of April 23, 2026, the compan...
Kanzhun Details Ongoing Hong Kong Share Buybacks and ADS Reserve as of April 22, 2026
Apr 23, 2026
Kanzhun Limited reported to the U.S. Securities and Exchange Commission in April 2026 that its issued share capital on the Hong Kong Stock Exchange remained unchanged at 840,416,267 Class A ordinary shares as of April 22, 2026. The company also di...
Kanzhun Details April Share Issuance and Ongoing Buybacks in Hong Kong Filing
Apr 22, 2026
Kanzhun Limited reported changes to its share capital for April 2026, disclosing a small issuance of 2,200 Class A ordinary shares on April 21, 2026 following the exercise of employee share options at an issue price of US$0.50 per share. As a resu...
Kanzhun Details March–April 2026 Share Buybacks and Confirms Stable Share Count
Apr 21, 2026
Kanzhun Limited reported in a Form 6-K on April 21, 2026 that its issued share capital on the Hong Kong Stock Exchange remained unchanged at 840,414,067 Class A ordinary shares as of April 20, 2026, with no treasury shares recorded. The company al...
Kanzhun Details March–April 2026 Share Buybacks and Confirms Stable Share Capital
Apr 20, 2026
Kanzhun Limited reported via a Form 6-K on April 20, 2026 that its issued share capital remained unchanged at 840,414,067 Class A ordinary shares as of April 17, 2026, with no treasury shares outstanding. The filing also noted that 713,036 Class A...
Kanzhun Details Late-March and Early-April Share Buybacks in Hong Kong Disclosure
Apr 17, 2026
Kanzhun Limited reported to the U.S. Securities and Exchange Commission on April 17, 2026, filing a Form 6-K that included a Hong Kong “Next Day Disclosure Return” for its Class A ordinary shares. The filing confirms the company remain...
Kanzhun Details March–April 2026 Share Buybacks With No Change in Issued Share Count
Apr 16, 2026
On April 16, 2026, Kanzhun Limited filed a routine report as a foreign private issuer and submitted a Next Day Disclosure Return to the Hong Kong Stock Exchange, confirming that its total issued Class A ordinary shares remained at 840,414,067 as o...
Kanzhun Details March–April 2026 Share Buybacks With Stable Hong Kong Share Count
Apr 15, 2026
Kanzhun Limited reported in an April 15, 2026 filing that its issued Class A ordinary shares on the Hong Kong Stock Exchange remained unchanged at 840,414,067 between April 13 and April 14, 2026, with no treasury shares outstanding. As of April 14...
Kanzhun Details March–April 2026 Share Repurchases, Confirms Stable Share Count
Apr 14, 2026
On April 14, 2026, Kanzhun Limited filed a Form 6-K and a Hong Kong Next Day Disclosure Return reporting its latest capital movements in Class A ordinary shares. The filing showed no change in the total number of issued shares as of April 13, 2026...
Kanzhun Steps Up Share Buybacks on Nasdaq and Hong Kong Through Early April 2026
Apr 13, 2026
On April 13, 2026, Kanzhun Limited filed a Form 6-K reporting that its issued Class A ordinary share count on the Hong Kong Stock Exchange remained unchanged at 840,414,067 between April 9 and April 10, 2026, with no treasury shares outstanding. A...
Kanzhun Steps Up Share Repurchases Across March–April 2026 With No Change in Issued Capital
Apr 10, 2026
Kanzhun Limited reported that its issued share capital remained unchanged at 840,414,067 Class A ordinary shares between April 8 and April 9, 2026, according to a regulatory filing for the Hong Kong Stock Exchange. As of April 9, 2026, 713,036 Cla...
Kanzhun Steps Up U.S. and Hong Kong Buybacks as Share Count Holds Steady
Apr 9, 2026
Kanzhun Limited reported via a Form 6-K on April 9, 2026, that its issued share capital of Class A ordinary shares remained unchanged at 840,414,067 shares between April 7 and April 8, 2026, with no treasury shares outstanding. The filing undersco...
Kanzhun Details Late-March to Early-April 2026 Share Buybacks and Confirms Stable Share Count
Apr 8, 2026
Kanzhun Limited reported via an April 2026 Form 6-K and a Hong Kong Next Day Disclosure Return that its issued share capital remained at 840,414,067 Class A ordinary shares as of April 7, 2026, with no change in the total number of issued shares t...
Kanzhun Steps Up Dual-Market Buybacks With Nearly 1.2 Million Shares Repurchased by April 6, 2026
Apr 7, 2026
Kanzhun Limited reported in an April 7, 2026 Hong Kong Next Day Disclosure Return that its issued share capital remained unchanged at 840,414,067 Class A ordinary shares as of April 6, 2026, with no treasury shares on its books. The filing also no...
Kanzhun Limited Details Late-March Buybacks and April 1, 2026 Share Issuance
Apr 2, 2026
Kanzhun Limited reported changes to its share capital structure in late March and on April 1, 2026, primarily driven by a small issuance of new Class A ordinary shares from the exercise of employee share options and an ongoing share repurchase pro...
Kanzhun Details March 2026 Share Option Exercise and Ongoing Buybacks
Apr 1, 2026
Kanzhun Limited reported changes to its share capital for March 2026, disclosing a minor increase in issued Class A ordinary shares on March 31, 2026 following the exercise of 800 share options by a non-director participant at an exercise price of...
Kanzhun Updates Share Capital After March 2026 Equity Awards and Buybacks
Mar 31, 2026
Kanzhun Limited reported changes to its issued Class A ordinary shares in late March 2026, reflecting both equity incentives and repurchase activity across its Hong Kong and U.S. listings. Following share option exercises and the vesting and settl...
Kanzhun Steps Up March 2026 Buybacks With USD 5 Million Repurchase on Nasdaq
Mar 30, 2026
Kanzhun Limited reported no change in its total issued Class A ordinary shares between March 26 and March 27, 2026, maintaining an outstanding count of 837,535,825 shares. As of March 27, 2026, 3,591,278 Class A shares remained reserved for future...
Kanzhun Steps Up U.S. Share Buybacks Under 2025 Mandate
Mar 27, 2026
Kanzhun Limited, a China-based online recruitment platform listed in Hong Kong and on Nasdaq via ADSs, reported no change in its total issued Class A ordinary shares as of March 26, 2026, which remained at 837,535,825. The company also noted that ...
Kanzhun Steps Up Nasdaq Share Buybacks Under 2025 Repurchase Mandate
Mar 26, 2026
Kanzhun Limited reported in a March 26, 2026 filing that its issued share capital remained unchanged at 837,535,825 Class A ordinary shares between March 24 and March 25, 2026, with no treasury shares on its books. As of March 25, 2026, it also di...
Kanzhun Steps Up Buybacks and Issues New Shares Under Option Plan in March 2026
Mar 25, 2026
On March 25, 2026, Kanzhun Limited filed a Form 6-K reporting changes in its share capital, including the issuance of 5,000 new Class A ordinary shares on March 24, 2026 upon the exercise of share options by a non-director participant at an issue ...
Kanzhun Limited Reports March Share Option Exercise and Ongoing Buybacks Under 2025 Mandate
Mar 24, 2026
On March 23, 2026, Kanzhun Limited modestly increased its share capital by issuing 12,000 new Class A ordinary shares at US$6.675 each, following the exercise of employee share options under its share incentive schemes, bringing total issued Class...
Kanzhun Grants 2.9 Million RSUs to Staff Under Post-IPO Incentive Plan
Mar 23, 2026
On March 21, 2026, Kanzhun Limited granted 2,897,640 restricted share units, equivalent to the same number of Class A ordinary shares, to 70 employees under its Post-IPO Share Scheme at nil consideration, with the awards to be satisfied from share...
Kanzhun Sets March 18 Board Meeting to Approve 2025 Results and Host Earnings Call
Mar 9, 2026
Kanzhun Limited has scheduled a board meeting for March 18, 2026 to review and approve its unaudited financial results for the three months and full year ended December 31, 2025, ahead of their planned publication. The timing signals the company i...
Kanzhun Reports February 2026 Share Movements and Confirms Hong Kong Public Float Compliance
Mar 5, 2026
Kanzhun Limited, an online recruitment platform operator incorporated in the Cayman Islands and headquartered in Beijing, maintains a dual-class share structure with listed Class A ordinary shares and unlisted Class B ordinary shares. The company&...
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.