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Kanzhun

BZ on Nasdaq. Computer programming, data processing, etc. Market value $6.9bn.

Watch this stockFree. We tell you when something changes.

This company reports once a year (it is based outside the US), so every figure comes from its annual report for the year to December 2025.

We can't pin down how many shares it has, so we don't rank it.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Technology stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
annual report to December 2025
4.5%fair

For every $100 of what the whole company costs, it produced $4.53 of spare cash last year. A savings account pays about $4.

Price to profit
annual report to December 2025
38.1×full

You pay 38.1 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to December 2025
5.9%five-year median

Each dollar kept in the business earns 6 cents a year. Above 10 is good.

Quality score: not known. Price score: not known. Our list needs 70 on quality and 60 on price.

$15.11 a share, 20% above its 1-year low

Over the past year the price has ranged from $12.57 to $24.65.

Dividend: 0.6% a year

Paid in its latest year

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

0.2
0.1
0.3
0.4
0.6
20212022202320242025
Revenue
$668m$654m$838m$1.0bn$1.2bn
Operating margin
-24.3%-2.9%9.8%15.9%29.8%
Debt to equity
0.000.000.000.000.00
Shares outstanding
0.53bn0.91bn0.90bn0.91bn0.93bn

Health checks

  • Free cash flow positive5 of 5 years
  • Accounting looks honest (Beneish)Nothing unusual
  • Financial strength (Piotroski)6 of 8 checks we could run
  • Profit backed by cash (accruals)Yes
  • Debt0.00× equity
  • Revenue growth, five yearsStrong, 15.3% a year
  • Buying back its own sharesNo, 75% more shares since 2021

Dates

Next results (estimated)
n/a
Last annual report (10-K)
29 April 2026
Next quarterly (estimated, 10-Q)
n/a

Who owns it

None of the long-term investors we follow own it. 254 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

2 investors own more than 5%.

  • Peng Zhao
    Passive investor
    at least 14.1%
    (filed with 1 related holder)
    Since 30 September 2025
  • Image Frame Investment (HK) Ltd
    Passive investor
    at least 6.9%
    (filed with 1 related holder)
    Since 31 March 2026
  • Capital World Investors
    Passive investor
    Sold down below 5%
    Since 31 March 2026

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 6 sold $123m, $878,720 of it under preset trading plans.

  • Zhao Peng Jonathan
    Chief Executive Officer, Director
    Sold
    Date
    21 September 2026
    Shares
    15,170,000
    Price
    $7.25
    Value
    $110m
  • Mu Yang
    Director
    Sold
    Date
    17 September 2026
    Shares
    60,704
    Price
    $7.46
    Value
    $452,712
  • Zhao Peng Jonathan
    Chief Executive Officer, Director
    Sold
    Date
    11 September 2026
    Shares
    359,600
    Price
    $8.28
    Value
    $3m
  • Zhao Peng Jonathan
    Chief Executive Officer, Director
    Sold
    Date
    10 September 2026
    Shares
    384,000
    Price
    $8.18
    Value
    $3m
  • Chen Xu
    Chief Marketing Officer, Director
    Sold
    Date
    10 September 2026
    Shares
    200,000
    Price
    $8.15
    Value
    $2m
  • Chen Xu
    Chief Marketing Officer, Director
    Sold
    Date
    4 September 2026
    Shares
    400,000
    Price
    $8.50
    Value
    $3m
  • Sun Yonggang
    Director
    Sold
    Date
    16 June 2026
    Shares
    548
    Price
    $6.81
    Value
    $3,732
  • Chen Xu
    President, Director
    Sold
    Date
    16 June 2026
    Shares
    84
    Price
    $6.83
    Value
    $574
  • WANG Xiehua
    Director
    Sold
    Date
    16 June 2026
    Shares
    71,288
    Price
    $6.82
    Value
    $486,184
  • Mu Yang
    Director
    Sold
    Date
    30 March 2026
    Shares
    16,968
    Price
    $6.69
    Value
    $113,516

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

Kanzhun doesn’t file a US annual report (10-K), so we haven’t checked it.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

  • It isn't cheap on profits: 38.1× operating profit.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.