KRKRNasdaqServices-Business Services, NECFiscal year ends December 31
36Kr Holdings Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 23, 2026
$3.07+0.00 (0.00%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2017 to 2025
Gross margin
57.7%+25.3 pts over 5 years
Operating margin
4.4%+73.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -1.4% | -10.9% | -10.0% | – | |
| Gross profit | +17.1% | -10.7% | +1.0% | – | |
| EPS, diluted | – | -19.4% | – | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Current ratio | – | 2.99 | 1.21 | |
| Capex to revenue | 0.3% | 0.6% | 0.1% | |
| Diluted shares | 314M | 1.02B | 1.06B |
Where the cash went
Fiscal 2021 to 2025, five years combined
36Kr generated CN¥374.11M from operations and spent CN¥14.56M on capital expenditure, dividends and share buybacks. 60% of that went back into the business.
Generated
CN¥374.11M
Used
CN¥14.56M
Capital expenditureCN¥8.78M60%DividendsCN¥00%Share buybacksCN¥5.78M40%
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 5 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zeroCN¥19.01M
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net incomeCN¥19.01M vs –
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.20 → 1.21
- No dilutionShare count did not rise1.05B → 1.06B
- Gross margin improvedGross margin up on the prior year48.62% → 57.69%
- More efficientAsset turnover rose0.50 → 0.83