Kanzhun Limited
- Open
- 13.01
- Day high
- 13.38
- Day low
- 12.91
- Prev close
- 12.87
- Volume
- 1.1M
- Mkt cap
- $6.1B
- P/E (TTM)
- 12.2
- EPS (TTM)
- $1.08
- P/B
- 2.0
- P/S
- 5.0
- Yield
- 1.12%
- Per share
- $0.15
- ▼Insiders net selling -$491K over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions accumulating (13F)
Kanzhun Limited (BZ) is a Industrials company listed on NASDAQ. The stock is down 26% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
Kanzhun Limited (BZ) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BZ earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 20, 2026 | $0.25 | $0.27 | +8.0% | $300M | -0.7% |
| Mar 18, 2026 | $0.27 | $0.27 | -1.0% | $293M | -3.5% |
| Nov 18, 2025 | $0.30 | $0.30 | +0.0% | $304M | +4.7% |
| Aug 20, 2025 | $0.28 | $0.29 | +3.6% | $293M | -2.3% |
| May 22, 2025 | $0.22 | $0.24 | +9.1% | $264M | -8.9% |
| Mar 11, 2025 | $0.21 | $0.22 | +4.8% | $250M | -1.1% |
| Dec 11, 2024 | $0.21 | $0.23 | +9.5% | $272M | +9.3% |
| Aug 28, 2024 | $0.20 | $0.22 | +10.0% | $264M | +593.9% |
| May 21, 2024 | $0.13 | $0.16 | +23.1% | $223M | +494.0% |
| Mar 12, 2024 | $0.17 | $0.20 | +17.6% | $236M | +692.3% |
| Nov 14, 2023 | $1.05 | $0.22 | -79.0% | $220M | +633.2% |
| Aug 29, 2023 | $0.12 | $0.17 | +41.7% | $205M | +596.0% |
BZ insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 17, 2026 | Sun Yonggangdirector | Option | 4,212 | — |
| Jun 17, 2026 | Sun Yonggangdirector | Sell | 548 | $6.81 |
| Jun 17, 2026 | Zhang Kylen Taodirector, officer: Chief Technology Officer | Grant | 932,434 | — |
| Jun 17, 2026 | Chen Xudirector, officer: President | Option | 370 | — |
| Jun 17, 2026 | Chen Xudirector, officer: President | Sell | 84 | $6.83 |
| Jun 17, 2026 | Chen Xudirector, officer: President | Grant | 932,434 | — |
| Jun 17, 2026 | Liu Hongyudirector | Option | 4,212 | — |
| Jun 17, 2026 | Wang Wenbeiofficer: Deputy Chief Financial Officer | Option | 25,000 | — |
| Jun 17, 2026 | WANG Xiehuadirector | Sell | 71,288 | $6.82 |
| Jun 17, 2026 | WANG Xiehuadirector | Option | 150,000 | — |
| Mar 24, 2026 | Chen Xudirector, officer: President | Option | 4,702 | — |
| Mar 24, 2026 | WANG Xiehuadirector | Sell | 116 | $6.70 |
| Mar 24, 2026 | Wang Wenbeiofficer: Deputy Chief Financial Officer | Option | 4,308 | — |
| Mar 24, 2026 | Wang Wenbeiofficer: Deputy Chief Financial Officer | Sell | 20 | $6.68 |
| Mar 24, 2026 | Zhang Kylen Taodirector, officer: Chief Technology Officer | Option | 27,450 | — |
Source: BZ SEC Form 4 filings, latest Jun 17, 2026. For informational purposes only — not investment advice.
See the full BZ insider & 13F page →Kanzhun Limited company profile
Overview
Kanzhun Limited (NASDAQ:BZ) is a Chinese technology company that operates BOSS Zhipin, one of China's leading online recruitment platforms. Founded in 2013 and headquartered in Beijing, the company went public on NASDAQ in June 2021. Kanzhun has established itself as a major player in China's digital recruitment industry, connecting job seekers directly with hiring managers and employers through its mobile-first platform. The company has grown rapidly since its founding, accumulating over 190 million verified users and facilitating billions of job-related interactions annually.
Business
Kanzhun operates in China's online recruitment and staffing services industry through its flagship platform BOSS Zhipin. The recruitment industry in China has undergone significant digitization, with platforms like BOSS Zhipin replacing traditional job boards and headhunting services by enabling direct communication between job seekers and hiring managers. BOSS Zhipin is a mobile-first recruitment platform that differentiates itself by allowing job seekers to chat directly with hiring managers, bypassing traditional HR gatekeepers. The platform uses algorithms to match candidates with relevant job opportunities and provides features like AI-powered job search assistance, interview coaching, and resume optimization. Unlike traditional job boards where candidates submit applications into a void, BOSS Zhipin creates an interactive environment where both parties can engage in real-time conversations. The company serves two primary market segments: 1. White-collar recruitment (approximately 62% of revenue): Targeting professionals, managers, and skilled workers in sectors like technology, finance, marketing, and professional services. This segment focuses on higher-skilled positions typically found in first and second-tier Chinese cities. 2. Blue-collar recruitment (approximately 38% of revenue): Serving manufacturing, logistics, retail, and service industry workers. This rapidly growing segment has become increasingly important as China's manufacturing sector digitizes its hiring processes. The company has made strategic investments in this area, including acquiring WD Technology, a manufacturing talent delivery platform. The platform also segments users geographically, with over 50% of revenue now coming from second-tier and lower-tier cities, reflecting China's economic development beyond major metropolitan areas.
Revenue model
Kanzhun operates on a freemium subscription model where job seekers use the platform for free, while employers pay for premium services and enhanced visibility. The company generates revenue primarily through subscriptions and service fees paid by enterprises seeking to hire talent. The core revenue streams include: 1. Enterprise subscriptions: Companies pay for premium accounts that provide enhanced job posting visibility, advanced candidate filtering tools, and priority placement in search results. With 6.1 million paid enterprise customers as of 2024, this represents the primary revenue source. 2. Value-added services: Additional services like AI-powered candidate matching, recruitment analytics, and specialized hiring tools for specific industries or job types. 3. Blue-collar placement services: Through initiatives like the "Hailuo" project, the company is exploring placement-related services and closed-loop recruitment solutions, which generated over RMB 200 million in contract value. The company's Average Revenue Per Paying User (ARPPU) has shown steady growth, increasing 6.8% year-over-year in Q4 2024, indicating successful monetization of its enterprise customer base. Several factors influence the company's margins and profitability. Positive factors include China's economic recovery driving increased hiring demand, the digitization of blue-collar recruitment creating new market opportunities, AI implementation reducing operational costs, and the company's strong market position allowing for pricing power. Negative factors include intense competition from other recruitment platforms like Zhaopin and 51job, economic slowdowns reducing corporate hiring budgets, increased marketing costs to acquire new users, and regulatory changes affecting online platform operations in China. The business model benefits from network effects, where more job seekers attract more employers and vice versa, creating a self-reinforcing cycle that strengthens the platform's value proposition.
Competitive moat
Kanzhun possesses a moderate but growing competitive moat built primarily on network effects and data advantages. The company's moat stems from several key factors: Network effects represent the strongest component of Kanzhun's moat. With over 190 million verified users and 6.1 million paying enterprise customers, the platform becomes more valuable as more participants join. Job seekers are attracted to platforms with the most job opportunities, while employers gravitate toward platforms with the largest talent pools. This creates a virtuous cycle that becomes increasingly difficult for competitors to break. Data and AI capabilities provide another layer of competitive advantage. Kanzhun has accumulated vast amounts of recruitment data, including successful hiring patterns, salary information, and job market trends. This data feeds into AI algorithms that improve job matching accuracy and provide insights that smaller competitors cannot replicate. The company's proprietary large language model specifically designed for recruitment gives it an edge in AI-powered features. Direct communication model differentiates BOSS Zhipin from traditional job boards. By enabling direct chat between job seekers and hiring managers, the platform has created a unique user experience that builds user loyalty and engagement. This model has proven particularly effective in China's relationship-oriented business culture. However, the moat faces several challenges. Competition remains intense from established players like Zhaopin Limited and 51job, as well as emerging platforms. The recruitment industry has relatively low switching costs, making it easier for users to try multiple platforms simultaneously. Regulatory risks in China's technology sector could impact operations, as seen when the company temporarily suspended new user registrations in 2022. Additionally, economic cycles significantly impact hiring demand, making revenue somewhat volatile during downturns. The company's expansion into blue-collar recruitment and lower-tier cities helps diversify its moat by accessing less penetrated markets, but these segments may have different competitive dynamics and lower monetization potential.
Risks & safety
Kanzhun demonstrates strong financial safety with robust cash position and minimal debt exposure. Liquidity and Solvency: - Cash and short-term investments: RMB 2.4 billion ($348 million) - Current ratio: 3.6x, indicating strong ability to meet short-term obligations - Debt-to-equity ratio: 0.02x, representing minimal leverage - Free cash flow: RMB 366 million in 2024, showing strong cash generation Valuation Metrics: - P/E ratio: 12.6x (based on 2024 earnings), reasonable for a growing tech company - EV/EBITDA: 24.2x, elevated but justified by growth profile - Price-to-book: 1.5x, reasonable given asset-light business model - Return on equity: 10.7% for 2024, demonstrating efficient capital utilization Other Considerations: - Profitable operations with RMB 214 million net income in 2024 - Strong operating cash flow generation of RMB 483 million - Active share repurchase program ($229 million in 2024) returning capital to shareholders - Minimal capital expenditure requirements due to asset-light model
Recent development
Over the past few years, Kanzhun has executed several strategic initiatives to diversify its business and strengthen its market position. The company's most significant pivot has been its aggressive expansion into the blue-collar recruitment market, which now represents 38% of total revenue compared to 26% in 2022. This shift reflects the digitization of China's manufacturing and logistics sectors, where traditional hiring methods are being replaced by digital platforms. The company made a strategic acquisition of WD Technology in 2024, a leading manufacturing talent delivery platform, to accelerate its blue-collar market penetration. Additionally, the "Hailuo" project has generated over RMB 200 million in contract value, serving 40 million job seekers in the blue-collar segment. Geographic expansion has been another key focus, with the company successfully penetrating second-tier and lower-tier cities, which now contribute over 50% of revenue. This expansion has been crucial as China's economic development spreads beyond major metropolitan areas. AI and technology integration has become a central theme, with Kanzhun developing proprietary AI tools including job search assistance, interview coaching, and recruiter matching agents. The company launched BOSS Zhipin app version 13.030 with enhanced AI features and has developed a proprietary large language model specifically for recruitment applications. The company has also begun exploring international expansion, with cautious investments in markets like Hong Kong and preliminary exploration of European and Asian markets. However, this remains a small-scale experimental initiative rather than a major strategic focus. Financial discipline has been emphasized through substantial share repurchase programs totaling over $400 million in recent years, demonstrating management's commitment to shareholder returns while maintaining profitability.
BZ company profile · for informational purposes only — not investment advice.
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