36Kr Holdings Inc (KRKR) AI Stock Analysis

• Market Cap: $9.89M
• Dividend Yield: N/A
• Average Volume (3M): 327.05K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.54
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 301
• Sector: Communication Services
• Sector Strength: 97
• Industry: Internet Content & Information
• EPS (TTM): N/A
• Shares Outstanding: 1,778,607
• 10 Day Avg. Volume: 11,672
• 30 Day Avg. Volume: 327,049
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.33
• Price to Sales (P/S): 0.17
• P/FCF Ratio: -1.15
• Enterprise Value/Market Cap: 0.51
• Enterprise Value/Revenue: 0.01
• Enterprise Value/Gross Profit: 0.03
• Enterprise Value/Ebitda: -0.06
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: $5.00 ▲(11.61% Upside)

The overall stock score of 48 reflects significant financial challenges, including declining revenues and negative cash flows. While the earnings call showed some operational improvements, the technical indicators and valuation metrics remain weak, contributing to a low score.

Positive Factors

Operational Efficiency

The significant reduction in operating expenses and increase in gross profit demonstrate improved operational efficiency, which can enhance profitability and provide a competitive edge in the long term.

Content Ecosystem Expansion

Continuous growth in followers and content ecosystem expansion indicate strong market presence and engagement, which can drive future revenue growth and strengthen market position.

AI and Technological Advancements

Leveraging AI for content production enhances efficiency and scalability, positioning the company to capitalize on technological trends and improve competitive advantage.

Negative Factors

Revenue Decline

The decline in total revenue highlights challenges in maintaining sales growth, which could impact the company's ability to invest in future initiatives and sustain long-term growth.

Negative Cash Flow

Consistently negative free cash flow indicates difficulties in generating sufficient cash to cover capital expenditures, potentially limiting the company's financial flexibility and ability to invest in growth.

Subscription Services Revenue Drop

The drop in subscription services revenue suggests challenges in retaining or growing this revenue stream, which could affect the company's recurring income and financial stability.

36Kr Holdings Inc Business Overview & Revenue Model

Company Description

36Kr Holdings Inc. provides content and business services in the People's Republic of China. It creates and distributes various content, including insightful reports on companies and timely market updates, as well as editorials and commentaries in various industries, such as technology, consumer and retail, and healthcare. The company's business services include online advertising services; enterprise value-added services, such as integrated marketing, advertisement agent, offline events, and consulting services; and subscription services to individuals, institutional investors, and enterprises. 36Kr Holdings Inc. was founded in 2010 and is based in Beijing, the People's Republic of China.

How the Company Makes Money

36Kr Holdings generates revenue through multiple streams, primarily from advertising services, subscription fees, and financial services. The advertising revenue is derived from online ads placed on its media platform, targeting businesses interested in reaching a tech-savvy audience. Subscription services provide premium content and tools for investors and entrepreneurs, allowing them to access in-depth analysis and insights. Additionally, the company earns fees from providing financial advisory and consulting services to startups, helping them navigate the complexities of fundraising and market entry. Strategic partnerships with venture capital firms and technology companies also bolster its revenue by enhancing service offerings and expanding its audience reach.

36Kr Holdings Inc Financial Statement Overview

Summary

36Kr Holdings Inc faces significant financial challenges, with declining revenues, persistent losses, and negative cash flows. While the balance sheet shows some resilience through manageable leverage and a reasonable equity ratio, the company's inability to generate profits and positive cash flow is a major concern.

Income Statement

36Kr Holdings Inc has shown a consistent decline in revenue over the past several years, with a negative net profit margin indicating ongoing losses. Gross profit margin remains relatively stable, but the company has failed to achieve positive EBIT or EBITDA margins, highlighting operational challenges and inefficiencies in cost management. The revenue growth rate is negative, reflecting a concerning downward trend in sales performance.

Balance Sheet

The company maintains a moderate debt-to-equity ratio, suggesting manageable leverage levels. Despite a reduction in stockholders' equity over the years, the equity ratio remains relatively strong, indicating a decent degree of financial stability. However, the negative return on equity highlights the company's inability to generate profits from shareholders' investments, posing a risk to long-term financial health.

Cash Flow

Cash flow analysis reveals a challenging scenario with consistently negative free cash flow, indicating the company is not generating enough cash to cover its capital expenditures. The operating cash flow to net income ratio is negative, reflecting poor cash conversion from operations. Despite some improvement in free cash flow in recent years, the overall trajectory remains concerning.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	340.19M	231.07M	340.19M	322.50M	316.78M	386.76M
Gross Profit	182.02M	112.34M	182.02M	184.65M	187.94M	125.39M
EBITDA	-91.82M	-67.12M	-79.83M	-25.56M	-72.66M	-250.22M
Net Income	-90.64M	-136.63M	-89.98M	21.94M	-89.57M	-279.34M
Balance Sheet
Total Assets	458.97M	276.19M	458.97M	571.37M	501.74M	578.53M
Cash, Cash Equivalents and Short-Term Investments	116.96M	91.71M	116.96M	184.78M	216.10M	209.19M
Total Debt	45.73M	29.60M	45.73M	56.34M	21.89M	27.56M
Total Liabilities	197.11M	157.94M	197.11M	225.99M	194.47M	189.56M
Stockholders Equity	251.98M	118.01M	251.98M	338.11M	299.40M	380.82M
Cash Flow
Free Cash Flow	253.37K	-33.48M	-127.56M	-6.64M	192.78M	-19.48M
Operating Cash Flow	253.37K	-32.99M	-122.16M	-4.99M	194.96M	-17.13M
Investing Cash Flow	0.00	32.48M	20.17M	43.31M	-158.00M	-64.29M
Financing Cash Flow	0.00	-3.61M	481.00K	5.12M	-23.00K	-32.84M

36Kr Holdings Inc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.48
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KRKR, the sentiment is Negative. The current price of 4.48 is below the 20-day moving average (MA) of 5.06, below the 50-day MA of 5.87, and below the 200-day MA of 5.36, indicating a bearish trend. The MACD of -0.32 indicates Positive momentum. The RSI at 33.48 is Neutral, neither overbought nor oversold. The STOCH value of 27.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KRKR.

36Kr Holdings Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OPRA	67 Neutral	$1.18B	14.51	8.73%	5.66%	30.00%	-9.72%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
KRKR	48 Neutral	$9.89M	-1.61	-35.00%	―	―	―
ZH	48 Neutral	$295.50M	21.26	2.39%	―	-23.61%	―
SEAT	43 Neutral	$108.01M	―	-51.54%	―	-16.83%	-485.31%
DOYU	41 Neutral	$202.80M	―	-10.02%	―	54.76%	-71.38%

36Kr Holdings Inc Corporate Events

36Kr Holdings Reports Improved Profitability Amid Revenue Decline

On September 26, 2025, 36Kr Holdings Inc. announced its unaudited financial results for the first half of 2025, highlighting a significant improvement in profitability and operational efficiency. Despite a decline in total revenues to RMB93.2 million from RMB102.4 million in the same period of 2024, the company achieved a 95% reduction in net loss and increased its gross margin by 10 percentage points to 54.4%. The strategic focus on content innovation, commercialization, and technological applications contributed to these results, alongside a 10% year-over-year growth in followers. The company aims to continue enhancing its competitive advantages and exploring AI-powered opportunities to create stakeholder value.

36Kr Holdings Inc. Expands Share Capital and Adopts New Articles

On September 8, 2025, 36Kr Holdings Inc. held an extraordinary general meeting where shareholders approved significant changes to the company’s share capital structure. The authorized share capital was increased from $500,000 to $100,000,000, and the shares were re-designated into various classes, including Class A, B, and C Ordinary Shares. Additionally, the company adopted a new memorandum and articles of association, replacing the previous version. These changes are expected to enhance the company’s operational flexibility and align with its strategic goals in China’s dynamic New Economy sector.

36Kr Holdings Inc. Appoints New Director to Strengthen Leadership

On September 9, 2025, 36Kr Holdings Inc. announced the appointment of Ms. Jing Xu as a director of the company, effective from September 8, 2025. Ms. Xu brings over 20 years of experience in finance, having worked with large digital technology companies and startups. Her previous roles include Finance Director at Jingdong and Audit Manager at Deloitte. This strategic appointment is expected to enhance the company’s leadership team and strengthen its position in the New Economy sector.

36Kr Holdings Inc. Announces Board of Directors Change

On September 4, 2025, 36Kr Holdings Inc. announced the resignation of Mr. Peng Su from its Board of Directors, effective September 2, 2025, due to personal reasons. The company expressed gratitude for Mr. Su’s service and wished him well in his future endeavors. This change in the board may have implications for the company’s governance and strategic direction as it continues to focus on empowering New Economy participants in China.