Kanzhun Ltd Sponsored (BZ) AI Stock Analysis

• Market Cap: $7.85B
• Dividend Yield: 0.7%
• Average Volume (3M): 3.18M
• Price to Earnings (P/E): 21.6
• Beta (1Y): 1.35
• Revenue Growth: 12.55%
• EPS Growth: 68.28%
• Country: US
• Employees: 5,688
• Sector: Communication Services
• Sector Strength: 97
• Industry: Staffing & Employment Services
• EPS (TTM): 0.31
• Shares Outstanding: 418,189,200
• 10 Day Avg. Volume: 2,509,034
• 30 Day Avg. Volume: 3,176,068
• PEG Ratio: 0.65
• Price to Book (P/B): 3.05
• Price to Sales (P/S): 6.16
• P/FCF Ratio: 16.87
• Enterprise Value/Market Cap: 6.02
• Enterprise Value/Revenue: 5.90
• Enterprise Value/Gross Profit: 6.98
• Enterprise Value/Ebitda: 21.91
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: $21.00 ▲(20.90% Upside)
• Action: Reiterated Date: 11/20/25
• Date: Action: Reiterated 11/20/25

Kanzhun Ltd's strong financial performance and positive earnings call sentiment are the primary drivers of its high score. The company's robust revenue and profit growth, coupled with successful AI integration, position it well for future growth. However, the technical indicators suggest a bearish trend, and the valuation is moderate, which slightly tempers the overall score.

Positive Factors

Robust revenue & profit growth

Sustained double-digit revenue growth and a large jump in GAAP net profit signal improving unit economics and pricing power on the employer side. This durable improvement supports reinvestment, margin stability and creates a stronger cash conversion base over the next several quarters.

Strong free cash flow generation

Consistent FCF growth and an FCF/net income ratio near 1.0 indicate healthy cash conversion from earnings. That underpins capacity to fund product development, AI investments and working capital without relying on leverage, supporting sustainable operational expansion.

AI integration and large user base

Rapid user growth plus AI features that boost recruiter conversion create a durable competitive advantage: improved matching efficiency raises lifetime value and recruiter ROI, reinforcing marketplace liquidity and making monetization gains more sustainable long-term.

Negative Factors

One-off intangible impairment

A material impairment highlights past capitalized investments that underperformed, raising questions about prior allocation discipline. While one-off, it reduces reported equity and may constrain near-term discretionary spending or force stricter ROI scrutiny on future M&A or IP investments.

Intensifying market competition

The business relies on employer spend and marketplace dynamics; rivals stepping up investment can pressure pricing and conversion metrics. Sustained competitive escalation would require continued product differentiation and capex on AI and sales to protect enterprise monetization rates.

Ongoing equity dilution from incentive plans

Regular issuance and conversions tied to share incentive plans cause gradual dilution. While useful for retention, persistent equity-based compensation can erode per-share economics and signals continued dependence on stock awards to motivate management and talent.

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 founded in 2013 and is headquartered in Beijing, the People's Republic of China.

How the Company Makes Money

Kanzhun Ltd generates revenue primarily through a subscription-based model, where employers pay for enhanced services to post job listings and access a larger pool of candidates. The company also earns money from advertising services, allowing firms to promote their brand and job openings within the platform. Additionally, Kanzhun may derive income from value-added services, such as premium features for job seekers and employers. Strategic partnerships with educational institutions and training organizations can also contribute to revenue by providing integrated services and expanding the company's user base.

Kanzhun Ltd Sponsored Financial Statement Overview

Summary

Kanzhun Ltd exhibits strong financial health with robust revenue and profit growth, efficient operations, and solid cash flow management. The company maintains a low leverage position, providing financial stability and flexibility. While the balance sheet is strong, the limited use of debt may constrain aggressive expansion.

Income Statement

Kanzhun Ltd has demonstrated strong revenue growth with a 3.24% increase in TTM, supported by a high gross profit margin of 83.95%. The net profit margin has improved to 27.74%, indicating enhanced profitability. The EBIT and EBITDA margins have also shown significant improvement, reflecting efficient operations. Overall, the income statement reflects robust growth and profitability.

Balance Sheet

The company maintains a low debt-to-equity ratio of 0.012, indicating prudent financial leverage. Return on equity has improved to 13.88%, showcasing effective utilization of equity. The equity ratio stands at a healthy level, suggesting financial stability. However, the relatively low total debt suggests limited leverage for potential growth opportunities.

Cash Flow

Kanzhun Ltd has shown a strong free cash flow growth rate of 9.37% in TTM, indicating improved cash generation capabilities. The operating cash flow to net income ratio is 0.90, and the free cash flow to net income ratio is 1.01, reflecting efficient cash management. The cash flow statement highlights solid cash flow performance, supporting operational and strategic initiatives.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	8.01B	7.36B	5.95B	4.51B	4.26B	1.94B
Gross Profit	6.77B	6.12B	4.89B	3.76B	3.70B	1.70B
EBITDA	2.16B	1.86B	1.01B	157.88M	-846.88M	-836.86M
Net Income	2.49B	1.58B	1.10B	107.25M	-1.07B	-937.79M
Balance Sheet
Total Assets	24.16B	19.31B	17.94B	14.83B	13.64B	5.08B
Cash, Cash Equivalents and Short-Term Investments	19.21B	14.68B	12.91B	13.21B	12.23B	4.57B
Total Debt	165.85M	302.13M	280.09M	295.03M	310.90M	135.93M
Total Liabilities	4.87B	4.35B	4.51B	3.19B	2.97B	7.38B
Stockholders Equity	19.20B	14.87B	13.43B	11.64B	10.67B	-2.30B
Cash Flow
Free Cash Flow	3.33B	2.69B	2.09B	662.92M	1.38B	257.70M
Operating Cash Flow	4.18B	3.54B	3.05B	1.00B	1.64B	395.91M
Investing Cash Flow	-3.89B	-2.02B	-9.94B	-2.82B	-601.86M	467.31M
Financing Cash Flow	1.59B	-1.46B	-417.02M	-669.23M	6.43B	2.88B

Kanzhun Ltd Sponsored Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 17.37
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BZ, the sentiment is Negative. The current price of 17.37 is below the 20-day moving average (MA) of 17.88, below the 50-day MA of 19.18, and below the 200-day MA of 20.28, indicating a bearish trend. The MACD of -0.71 indicates Positive momentum. The RSI at 30.10 is Neutral, neither overbought nor oversold. The STOCH value of 12.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BZ.

Kanzhun Ltd Sponsored Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BZ	78 Outperform	$7.85B	21.62	14.41%	0.70%	12.55%	68.28%
UPWK	70 Outperform	$1.70B	15.60	19.15%	―	2.50%	187.92%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
DHX	56 Neutral	$107.93M	-8.30	-12.89%	―	-9.13%	-1032.39%
MAN	51 Neutral	$1.20B	-89.25	-0.64%	4.96%	-2.44%	-156.01%
NSP	43 Neutral	$834.93M	-115.80	-9.79%	6.37%	3.19%	-86.21%
ZIP	43 Neutral	$214.76M	-5.46	―	―	-10.14%	-1381.34%

Kanzhun Ltd Sponsored Corporate Events

Kanzhun Updates Share Capital After Option Exercises and Class B-to-A Conversions

On January 9, 2026, Kanzhun Limited reported changes to its share capital structure for early January 2026, disclosing small issuances of new Class A ordinary shares from the exercise of employee share options on January 2 and January 5, 2026, and the conversion of 3,904,000 Class B ordinary shares into Class A ordinary shares on January 8, 2026. Following these transactions, the company’s issued Class A shares increased from 832,378,695 to 836,296,895, while Class B shares fell from 130,430,401 to 126,526,401, with no share repurchases or treasury share movements reported; Kanzhun also noted that, as of January 8, 2026, 3,830,208 Class A shares had been issued to the depositary for bulk issuance of ADSs reserved for future share incentive awards, underscoring ongoing equity-based compensation and a gradual shift in its dual-class share mix.

The most recent analyst rating on (BZ) stock is a Buy with a $24.00 price target. To see the full list of analyst forecasts on Kanzhun Ltd Sponsored stock, see the BZ Stock Forecast page.

Kanzhun Limited Reports December 2025 Share Capital Movements in Hong Kong Filing

On 7 January 2026, Kanzhun Limited filed its January 2026 Form 6-K and corresponding monthly return to the Hong Kong Stock Exchange, detailing share capital movements for the month ended 31 December 2025. The filing shows that total authorised share capital remained unchanged at 2.0 billion ordinary shares (US$200,000 par value in aggregate), while issued Class A ordinary shares increased by 2,615,666 during December to 832,378,695, with Class B shares steady at 130,430,401, bringing total issued and outstanding ordinary shares (excluding treasury shares) to 962,809,096. The increase largely reflects exercises and vesting under the company’s 2020 Share Incentive Plan and Post-IPO Share Scheme—438,788 options were exercised and 2,176,878 Class A shares were issued or settled for restricted share units and share awards—indicating continued use of equity-based compensation and modest dilution for existing shareholders, though there were no changes to the company’s treasury share balance or to its overall authorised capital structure.

The most recent analyst rating on (BZ) stock is a Buy with a $24.00 price target. To see the full list of analyst forecasts on Kanzhun Ltd Sponsored stock, see the BZ Stock Forecast page.

Kanzhun Discloses New Share Issuances From Employee and Director Equity Awards in December 2025

On December 17, 2025, Kanzhun Limited reported to the Hong Kong Stock Exchange that between December 5 and December 16, 2025, it issued a series of new Class A ordinary shares under its share incentive plans, mainly through the exercise of employee share options and the vesting and settlement of restricted share units for both employees and at least one director. These issuances increased the company’s outstanding Class A share count from 830,558,329 as of December 4 to 832,097,985 as of December 16, 2025, a modest dilution that reflects ongoing use of equity-based compensation while leaving the company’s capital structure otherwise unchanged, with no share repurchases or treasury share sales reported and a remaining pool of shares reserved for future award exercises via ADS bulk issuance.

The most recent analyst rating on (BZ) stock is a Buy with a $24.00 price target. To see the full list of analyst forecasts on Kanzhun Ltd Sponsored stock, see the BZ Stock Forecast page.

Kanzhun Limited Announces Share Changes Amid Incentive Plans

On December 5, 2025, Kanzhun Limited reported changes in its issued shares, including the issuance of new shares as part of share awards and options. This development is part of the company’s ongoing share incentive plans, which aim to motivate and retain talent. The issuance involved 59,000 shares on December 1, and 736,300 shares on December 4, 2025, reflecting a strategic move to enhance employee engagement and align interests with company performance.

The most recent analyst rating on (BZ) stock is a Buy with a $24.00 price target. To see the full list of analyst forecasts on Kanzhun Ltd Sponsored stock, see the BZ Stock Forecast page.

Kanzhun Limited Reports November 2025 Share Capital Movements

On December 4, 2025, Kanzhun Limited reported its monthly return for equity issuers and Hong Kong Depositary Receipts for November 2025. The report highlighted no changes in the authorized share capital for both Class A and Class B ordinary shares, maintaining a total authorized share capital of USD 200,000. However, there was an increase in issued shares, with 1,471,100 new shares issued, bringing the total to 960,193,430 ordinary shares. This update reflects the company’s ongoing efforts to manage its share capital and incentive plans effectively.

The most recent analyst rating on (BZ) stock is a Buy with a $24.00 price target. To see the full list of analyst forecasts on Kanzhun Ltd Sponsored stock, see the BZ Stock Forecast page.