Kanzhun Ltd. · NASDAQ:BZ
Kanzhun — Q4 2025 Earnings Presentation
17 slides from Kanzhun's earnings presentation, Mar 18, 2026
Slide 1: KANZHUN LIMITED 4Q and FY 2025 Results Presentation
KANZHUN LIMITED 4Q and FY 2025 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 60.7MM Avg MAU in FY2025 14.5% YoY Growth MAU RMB 8.27BN Revenues in FY2025 6.8MM Paid Enterprise Customers3 RMB 3.60BN Adjusted Net Income4 in FY2025 32.9% 43.6% 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 Br
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 12.4%2 8,267.5 Robust enterprise user growth supported by our strong network effect and 7,355.7 full spectrum of user coverage Improved paying ratio back by our
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 83.3% 85.3% 83.7% 85.3% 1,196.4 16.3% 1,212.6 14.7% 1,792.4 24.4% 1,453.4 17.6% 1,335.9 16.2% 1,394.4 19.0% 303.6
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 36.1% 43.3% 31.5% 40.8% net 39.6% 43.6% 36.9% 43.6% margin1 margin1 3,376.1 3,602.5 32.9%2 45.7%2 2,710.7 2,316.
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 19.95BN Cash Position2 4,552.4 As of December 31, 2025 28.5%1 Cash Position & 3,542.5 Cash RMB 4.48BN Management Free Cash Flow3 For the year ended December
Slide 13: Appendix
Appendix
Slide 14: Unaudited Selected Income Statement Data
Unaudited Selected Income Statement Data For the three months ended December 31, For the year ended December 31, 2024 2025 2024 2025 (All amounts in thousands, except for percentages) RMB RMB RMB RMB Revenues 1,823,606 2,078,527 7,355,677 8,267,518 Operating cost and expenses Cost of revenues (313,7
Slide 15: Unaudited Selected Cash Flow Data
Unaudited Selected Cash Flow Data For the three months ended December 31, For the year ended December 31, 2024 2025 2024 2025 (All amounts in thousands) RMB RMB RMB RMB Net cash provided by operating activities 956,108 1,323,571 3,542,495 4,552,371 Net cash used in investing activities (723,128) (1,
Slide 16: Unaudited Selected Balance Sheet Data
Unaudited Selected Balance Sheet Data As of December 31， 2024 2025 (All amounts in thousands) RMB RMB ASSETS Current assets Cash and cash equivalents 2,553,090 4,104,917 Short-term time deposits 5,488,631 6,390,158 Short-term investments 6,639,389 9,450,244 Other current assets 419,273 409,978 Total
Slide 17: THANK YOU!
THANK YOU! Contact Us: ir@kanzhun.com https://ir.zhipin.com BOSS直聘 1616