Kanzhun Ltd. · NASDAQ:BZ
Kanzhun — Q1 2026 Earnings Presentation
17 slides from Kanzhun's earnings presentation, 2026
Slide 1: KANZHUN LIMITED 1Q 2026 Results Presentation
KANZHUN LIMITED 1Q 2026 Results Presentation
Slide 2: Disclaimer
Disclaimer The following document has been prepared by KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) solely for informational purposes and should not be construed to be, directly or indirectly, in whole or in part, an offer to buy or sell and/or an invitation and/or a recommendation and/or a soli
Slide 3: Company Overview
Company Overview
Slide 4: We are the Largest Online Recruitment Platform in China
We are the Largest Online Recruitment Platform1 in China Strong growth momentum, far outpacing the industry Our Fast Growing MAU2 MM 60.9MM Avg MAU in 2026Q1 5.7% YoY Growth MAU RMB 2.07BN Revenues in 2026Q1 7.1MM Paid Enterprise Customers3 RMB 856.2MM Adjusted Net Income4 in 2026Q1 12.1% 41.4% YoY
Slide 5: A New Way of Hiring – the Next Gen Online Recruitment Platform
A New Way of Hiring – the Next Gen Online Recruitment Platform We introduce a disruptive mobile-native direct recruitment model with better convenience, accuracy, efficiency and transparency Mobile-native Recommendation Feeds + Direct Chat = BOSS Zhipin Information Communication A disruptive model B
Slide 6: Result in Reaching Full-spectrum of Job-seekers and Employers
… Result in Reaching Full-spectrum of Job-seekers and Employers We capture incremental market opportunities and serve more users in the online recruitment industry ü Expanded user reach ü Accurate job and candidate ü Massive scale ü Fairer traffic distribution capturing underserved recommendation ma
Slide 7: Our Innovative Technology Reinforces Strong Network Effects
Our Innovative Technology Reinforces Strong Network Effects Double-sided user ecosystem, accumulated data and advanced technology enhance our competitive advantage More Opportunities More Interaction More Superior More Job Innovative More Data Employers Services Seekers Technology Insights More Choi
Slide 8: Financial Highlights
Financial Highlights
Slide 9: Our Solid Revenue Growth
Our Solid Revenue Growth Driven by continued user growth, improved paying ratio and stable ARPPU1 Revenues Long-term Growth Drivers RMB MM 7.6%2 2,068.8 Robust enterprise user growth supported by our strong network effect and 1,923.3 full spectrum of user coverage Improved paying ratio back by our h
Slide 10: with Enhanced Operating Efficiency
… with Enhanced Operating Efficiency… Improving operating efficiency testifies the effectiveness of our business model Adjusted Operating Cost and Expenses1 RMB MM Adjusted gross margin1 84.3% 85.7% 301.2 15.7% 295.0 14.3% 417.0 21.7% 447.3 21.6% 335.0 17.4% 350.7 16.9% 186.1 9.7% 162.3 7.8% 2025Q1
Slide 11: Lead to Improving Profitability Capability
… Lead to Improving Profitability Capability Proven and continuously improved profitability Adjusted Income From Operations1 Adjusted Net Income1 RMB MM RMB MM Adjusted Adjusted Operating margin1 36.0% 39.4% net margin1 39.7% 41.4% 12.1%2 856.2 17.8%2 814.6 763.9 691.5 2025Q1 2026Q1 2025Q1 2026Q1 No
Slide 12: Our Robust Operating Cash Flow and Strong Cash Position
Our Robust Operating Cash Flow and Strong Cash Position Strong cash generation capability and ample cash on hand Operating Cash Flow RMB MM RMB 19.83BN Cash Position2 1,190.1 As of March 31, 2026 18.6%1 1,003.1 Cash Position & Cash Management RMB 1.13BN Free Cash Flow3 in 2026Q1 US$ 208MM 2026 Year-
Slide 13: Appendix
Appendix
Slide 14: Unaudited Selected Income Statement Data
Unaudited Selected Income Statement Data For the three months ended March 31, 2025 2026 (All amounts in thousands, except for percentages) RMB RMB Revenues 1,923,277 2,068,792 Operating cost and expenses Cost of revenues (310,808) (298,216) Sales and marketing expenses (491,227) (502,231) Research a
Slide 15: Unaudited Selected Cash Flow Data
Unaudited Selected Cash Flow Data For the three months ended March 31, 2025 2026 (All amounts in thousands) RMB RMB Net cash provided by operating activities 1,003,109 1,190,103 Net cash used in investing activities (678,826) (1,552,838) Net cash used in financing activities (85,994) (359,335) Effec
Slide 16: Unaudited Selected Balance Sheet Data
Unaudited Selected Cash Flow Data As of December 31, 2025 March 31, 2026 (All amounts in thousands) RMB RMB ASSETS Current assets Cash and cash equivalents 4,104,917 3,351,820 Short-term time deposits 6,390,158 5,953,561 Short-term investments 9,450,244 11,192,402 Other current assets 409,978 489,99
Slide 17: THANK YOU!
THANK YOU! Contact Us: ir@kanzhun.com https://ir.zhipin.com BOSS直聘 1616