36Kr Holdings Inc. (KRKR) 10-Year Financial Performance & Capital Metrics

KRKR •

Communication ServicesInternet ServicesDigital Media Publishers and Audio

About36Kr 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.Show more

Revenue $231M -32.1%
EBITDA -$68M +16.5%
Net Income -$137M -51.8%
EPS (Diluted) -81.75 -51.4%
Gross Margin 48.62% -9.1%
EBITDA Margin -29.26% -22.9%
Operating Margin -33.65% -21.5%
Net Margin -59.13% -123.5%
ROE -71.89% -142.6%
ROIC -30.92% -14.9%
Debt/Equity 0.25 +43.4%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.3x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 16 (bottom 16%)
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 18.8% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y-18.83%

3Y-9.98%

TTM5.48%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-512.04%

EPS CAGR

10Y-

5Y-

3Y-

TTM-496.36%

ROCE

10Y Avg-16.98%

5Y Avg-31.07%

3Y Avg-26.48%

Latest-37.13%

Peer Comparison

Digital Media Publishers and Audio

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SPOTSpotify Technology S.A.	105.99B	514.94	43.27	5.33%	12.84%	26.44%	3.09%	0.28
TMETencent Music Entertainment Group	10.34B	14.60	23.62	2.34%	34.08%	12.65%	13.03%	0.09
NAMIJinxin Technology Holding Company American Depositary Shares	508.47M	0.44	4.15	7%	4.99%	94.83%		0.03
KRKR36Kr Holdings Inc.	3.19B	3.56	-0.30	-32.08%	-26.64%	-34.61%		0.25
BZFDBuzzFeed, Inc.	1.03M	0.76	-0.84	-24.85%	0.06%	0.14%		0.59
ARENThe Arena Group Holdings, Inc.	137.44M	2.89	-1.01	-12.34%	88.51%
ONFOOnfolio Holdings, Inc.	2.51M	0.49	-1.20	50.04%	-17.18%	-51.71%		0.60
FENGPhoenix New Media Limited	552.15M	1.74	-2.68	1.69%	-6.38%	-4.56%		0.05

Profit & Loss

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	120.51M	299.09M	655.61M	386.76M	316.78M	322.5M	340.19M	231.07M
Revenue Growth %	-	148.2%	119.2%	-41.01%	-18.09%	1.8%	5.48%	-32.08%
Cost of Goods Sold+	60.75M	140.32M	380.29M	261.37M	128.84M	137.85M	158.17M	118.73M
COGS % of Revenue	50.41%	46.91%	58.01%	67.58%	40.67%	42.74%	46.49%	51.38%
Gross Profit+	59.76M	158.78M	275.32M	125.39M	187.94M	184.65M	182.02M	112.34M
Gross Margin %	49.59%	53.09%	41.99%	32.42%	59.33%	57.26%	53.51%	48.62%
Gross Profit Growth %	-	165.7%	73.4%	-54.46%	49.88%	-1.75%	-1.43%	-38.28%
Operating Expenses+	48.74M	113.18M	298.18M	391.31M	278.74M	229.19M	276.23M	190.1M
OpEx % of Revenue	40.45%	37.84%	45.48%	101.18%	87.99%	71.07%	81.2%	82.27%
Selling, General & Admin	42.31M	91.11M	262.38M	353.08M	234.52M	174.14M	234.55M	175.7M
SG&A % of Revenue	35.11%	30.46%	40.02%	91.29%	74.03%	54%	68.95%	76.04%
Research & Development	6.43M	22.07M	35.81M	38.23M	47.52M	55.05M	41.68M	14.4M
R&D % of Revenue	5.33%	7.38%	5.46%	9.89%	15%	17.07%	12.25%	6.23%
Other Operating Expenses	0	0	0	0	-3.3M	0	0	0
Operating Income+	11.01M	45.59M	-22.87M	-257.94M	-94.11M	-44.54M	-94.22M	-77.76M
Operating Margin %	9.14%	15.24%	-3.49%	-66.69%	-29.71%	-13.81%	-27.7%	-33.65%
Operating Income Growth %	-	313.95%	-150.16%	-1027.98%	63.52%	52.67%	-111.55%	17.46%
EBITDA+	11.5M	47.2M	-18.64M	-252.34M	-75.97M	-29.01M	-80.98M	-67.61M
EBITDA Margin %	9.54%	15.78%	-2.84%	-65.24%	-23.98%	-9%	-23.8%	-29.26%
EBITDA Growth %	-	310.36%	-139.49%	-1254.04%	69.9%	61.81%	-179.15%	16.5%
D&A (Non-Cash Add-back)	487K	1.6M	4.23M	5.6M	18.14M	15.53M	13.24M	10.15M
EBIT	11.01M	48.91M	-22.37M	-255.82M	-94.11M	-41.09M	-93.07M	-77.27M
Net Interest Income+	-173K	-75K	4.12M	1.86M	2.48M	0	0	0
Interest Income	12K	22K	4.12M	1.86M	2.48M	0	0	0
Interest Expense	185K	97K	0	0	0	0	0	0
Other Income/Expense	818K	9.75M	16.85M	-17.64M	3.6M	67.53M	4.93M	-62.96M
Pretax Income+	11.83M	55.34M	-6.02M	-275.58M	-90.51M	23M	-89.29M	-140.72M
Pretax Margin %	9.82%	18.5%	-0.92%	-71.25%	-28.57%	7.13%	-26.25%	-60.9%
Income Tax+	3.91M	14.83M	19.89M	3.76M	102K	361K	-42K	64K
Effective Tax Rate %	66.96%	71.36%	430.56%	101.37%	98.97%	95.41%	100.77%	97.09%
Net Income+	7.92M	39.49M	-25.91M	-279.34M	-89.57M	21.94M	-89.98M	-136.63M
Net Margin %	6.57%	13.2%	-3.95%	-72.23%	-28.28%	6.8%	-26.45%	-59.13%
Net Income Growth %	-	398.46%	-165.61%	-978.08%	67.94%	124.5%	-510.06%	-51.84%
Net Income (Continuing)	7.92M	40.52M	-25.91M	-279.34M	-90.61M	22.64M	-89.25M	-140.79M
Discontinued Operations	0	0	0	0	0	0	0	0
Minority Interest	0	7.73M	6.74M	8.15M	7.86M	7.28M	9.88M	236K
EPS (Diluted)+	17.00	26.25	-16.00	-171.25	-54.50	13.25	-54.00	-81.75
EPS Growth %	-	54.41%	-160.95%	-970.31%	68.18%	124.31%	-507.55%	-51.39%
EPS (Basic)	17.00	26.25	-16.00	-171.25	-54.50	13.25	-54.00	-81.75
Diluted Shares Outstanding	464.94K	1.5M	1.63M	1.63M	1.64M	1.67M	1.67M	1.67M
Basic Shares Outstanding	464.94K	1.5M	1.61M	1.63M	1.64M	1.66M	1.67M	1.67M
Dividend Payout Ratio	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	218.14M	399.39M	849.24M	530.45M	442.51M	399.43M	272.47M	175.43M
Cash & Short-Term Investments	147.98M	194.42M	263.73M	209.19M	216.1M	184.78M	116.96M	91.71M
Cash Only	45.64M	48.97M	177.37M	60.85M	96.97M	142.51M	41.46M	36.77M
Short-Term Investments	102.33M	145.45M	86.36M	148.34M	119.14M	42.27M	75.5M	54.95M
Accounts Receivable	64.94M	193.29M	543.15M	304.94M	183.79M	198.39M	139.48M	65.72M
Days Sales Outstanding	196.68	235.88	302.39	287.78	211.77	224.53	149.65	103.81
Inventory	4.79M	10.32M	40.72M	0	39.51M	100K	0	0
Days Inventory Outstanding	28.76	26.84	39.08	-	111.92	0.26	-	-
Other Current Assets	445K	1.37M	-38.57M	1.53M	-36.4M	988K	1.73M	4.01M
Total Non-Current Assets+	3.54M	16.03M	61.57M	48.08M	59.23M	171.94M	186.5M	100.77M
Property, Plant & Equipment	532K	15.47M	15.96M	31.31M	16.98M	33.34M	41.82M	24.42M
Fixed Asset Turnover	226.52x	19.33x	41.07x	12.35x	18.66x	9.67x	8.13x	9.46x
Goodwill	0	0	0	0	0	0	0	0
Intangible Assets	0	255K	356K	471K	808K	1.25M	2.08M	1.49M
Long-Term Investments	2.95M	-255K	41.86M	16.3M	41.44M	137.36M	142.6M	74.86M
Other Non-Current Assets	54K	255K	0	16.3M	41.44M	0	0	0
Total Assets+	221.68M	415.43M	910.82M	578.53M	501.74M	571.37M	458.97M	276.19M
Asset Turnover	0.54x	0.72x	0.72x	0.67x	0.63x	0.56x	0.74x	0.84x
Asset Growth %	-	87.4%	119.25%	-36.48%	-13.27%	13.88%	-19.67%	-39.82%
Total Current Liabilities+	44.82M	84.7M	266.87M	177.13M	193.88M	210.28M	170.11M	146.2M
Accounts Payable	10.49M	20.27M	139.34M	64.64M	56.27M	53.47M	60.38M	59.84M
Days Payables Outstanding	63.03	52.73	133.73	90.27	159.4	141.57	139.33	183.94
Short-Term Debt	0	0	0	0	5M	9.95M	9.95M	10M
Deferred Revenue (Current)	3.55M	4.23M	8.16M	18.85M	28.86M	24.57M	23.43M	19.3M
Other Current Liabilities	186K	899K	1.56M	1.49M	2.72M	1.65M	2.73M	2.35M
Current Ratio	4.87x	4.72x	3.18x	2.99x	2.28x	1.90x	1.60x	1.20x
Quick Ratio	4.76x	4.59x	3.03x	2.99x	2.08x	1.90x	1.60x	1.20x
Cash Conversion Cycle	162.4	210	207.74	-	164.29	83.23	-	-
Total Non-Current Liabilities+	588.54M	816.33M	0	12.43M	586K	15.71M	27M	11.74M
Long-Term Debt	0	0	0	12.43M	586K	0	0	0
Capital Lease Obligations	0	0	0	12.43M	586K	15.09M	26.83M	11.74M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	588.54M	816.33M	0	-12.43M	-586K	615K	174K	0
Total Liabilities	633.37M	901.04M	266.87M	189.56M	194.47M	225.99M	197.11M	157.94M
Total Debt+	0	0	0	27.56M	21.89M	56.34M	45.73M	29.6M
Net Debt	-45.64M	-48.97M	-177.37M	-33.29M	-75.08M	-86.17M	4.26M	-7.16M
Debt / Equity	-	-	-	0.07x	0.07x	0.16x	0.17x	0.25x
Debt / EBITDA	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-3.97x	-1.04x	-	-	-	-	-	-
Interest Coverage	59.54x	470.02x	-	-	-	-	-	-
Total Equity+	-411.69M	-477.88M	643.95M	388.97M	307.26M	345.38M	261.86M	118.25M
Equity Growth %	-	-16.08%	234.75%	-39.6%	-21.01%	12.41%	-24.18%	-54.84%
Book Value per Share	-885.45	-318.64	395.32	238.50	187.34	206.70	156.91	70.85
Total Shareholders' Equity	-411.69M	-485.61M	637.21M	380.82M	299.4M	338.11M	251.98M	118.01M
Common Stock	184K	184K	679K	687K	694K	694K	694K	694K
Retained Earnings	-425.32M	-486.03M	-1.36B	-1.64B	-1.73B	-1.71B	-1.8B	-1.93B
Treasury Stock	0	0	-2.33M	-14.08M	-13.6M	-12.01M	-11.5M	-2.87M
Accumulated OCI	-588.54M	231K	-3.05M	-7.9M	-8.99M	-5.86M	-5.29M	-4.92M
Minority Interest	0	7.73M	6.74M	8.15M	7.86M	7.28M	9.88M	236K

Cash Flow

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-11.44M	-45.6M	-158.94M	-17.13M	194.96M	-4.99M	-122.16M	-32.99M
Operating CF Margin %	-9.5%	-15.25%	-24.24%	-4.43%	61.54%	-1.55%	-35.91%	-14.28%
Operating CF Growth %	-	-298.44%	-248.56%	89.23%	1238.46%	-102.56%	-2348.65%	73%
Net Income	5.09M	-80.57M	-850.44M	-280.23M	-89.57M	21.94M	-89.98M	-140.79M
Depreciation & Amortization	487K	1.6M	4.23M	5.6M	2.66M	1.92M	0	10.15M
Stock-Based Compensation	4.89M	5.11M	91.17M	39.28M	15.02M	13.89M	4.67M	-178K
Deferred Taxes	0	0	0	0	0	0	0	0
Other Non-Cash Items	27.59M	142.61M	959.94M	99.92M	24.89M	-77.44M	47.25M	98.33M
Working Capital Changes	-49.5M	-114.36M	-363.83M	118.32M	241.96M	34.7M	-84.1M	-508K
Change in Receivables	-60.8M	-121.54M	-365.77M	108.16M	241.47M	6.95M	-38.14M	24.8M
Change in Inventory	0	0	0	0	0	0	0	0
Change in Payables	0	0	0	0	0	0	6.91M	712K
Cash from Investing+	-105.89M	-56.29M	9.88M	-64.29M	-158M	43.31M	20.17M	32.48M
Capital Expenditures	-392K	-16.68M	-4.78M	-2.35M	-2.18M	-1.66M	-5.4M	-444K
CapEx % of Revenue	0.33%	5.58%	0.73%	0.61%	0.69%	0.51%	1.59%	0.19%
Acquisitions	-3.5M	273K	-46.27M	-431K	-433K	-1.71M	0	1.27M
Investments	-	-	-	-	-	-	-	-
Other Investing	-105.5M	-273K	0	0	-154.31M	8.15M	69.67M	15.94M
Cash from Financing+	162.98M	104.72M	278.34M	-32.84M	-23K	5.12M	481K	-3.61M
Debt Issued (Net)	979K	-979K	-217K	0	5M	4.95M	0	50K
Equity Issued (Net)	1000K	1000K	1000K	-1000K	-1000K	0	0	0
Dividends Paid	0	0	0	0	0	0	0	0
Share Repurchases	0	0	-2.33M	-33.37M	-5.78M	0	0	0
Other Financing	10M	0	2.09M	528K	757K	174K	481K	-3.66M
Net Change in Cash	162.98M	3.33M	128.91M	-117.03M	36.12M	45.65M	-101.15M	-3.88M
Free Cash Flow+	-11.84M	-62.27M	-163.71M	-19.48M	192.78M	-6.64M	-127.56M	-33.48M
FCF Margin %	-9.82%	-20.82%	-24.97%	-5.04%	60.86%	-2.06%	-37.5%	-14.49%
FCF Growth %	-	-426.13%	-162.9%	88.1%	1089.89%	-103.45%	-1819.65%	73.76%
FCF per Share	-25.46	-41.52	-100.50	-11.94	117.54	-3.98	-76.43	-20.06
FCF Conversion (FCF/Net Income)	-1.44x	-1.15x	6.13x	0.06x	-2.18x	-0.23x	1.36x	0.24x
Interest Paid	6K	92K	78K	0	0	0	0	0
Taxes Paid	313K	11.94M	17.54M	13.57M	306K	171K	93K	206K

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-31.21%	-54.09%	-25.73%	6.72%	-29.64%	-71.89%
Return on Invested Capital (ROIC)	-	-	-3.68%	-47.05%	-24.01%	-13.59%	-26.9%	-30.92%
Gross Margin	49.59%	53.09%	41.99%	32.42%	59.33%	57.26%	53.51%	48.62%
Net Margin	6.57%	13.2%	-3.95%	-72.23%	-28.28%	6.8%	-26.45%	-59.13%
Debt / Equity	-	-	-	0.07x	0.07x	0.16x	0.17x	0.25x
Interest Coverage	59.54x	470.02x	-	-	-	-	-	-
FCF Conversion	-1.44x	-1.15x	6.13x	0.06x	-2.18x	-0.23x	1.36x	0.24x
Revenue Growth	-	148.2%	119.2%	-41.01%	-18.09%	1.8%	5.48%	-32.08%

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36Kr Holdings Inc. (KRKR) 10-Year Financial Performance & Capital Metrics

KRKR •

Communication ServicesInternet ServicesDigital Media Publishers and Audio

Revenue $231M -32.1%
EBITDA -$68M +16.5%
Net Income -$137M -51.8%
EPS (Diluted) -81.75 -51.4%
Gross Margin 48.62% -9.1%
EBITDA Margin -29.26% -22.9%
Operating Margin -33.65% -21.5%
Net Margin -59.13% -123.5%
ROE -71.89% -142.6%
ROIC -30.92% -14.9%
Debt/Equity 0.25 +43.4%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.3x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 16 (bottom 16%)
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 18.8% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y-18.83%

3Y-9.98%

TTM5.48%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-512.04%

EPS CAGR

10Y-

5Y-

3Y-

TTM-496.36%

ROCE

10Y Avg-16.98%

5Y Avg-31.07%

3Y Avg-26.48%

Latest-37.13%

Peer Comparison

Digital Media Publishers and Audio

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SPOTSpotify Technology S.A.	105.99B	514.94	43.27	5.33%	12.84%	26.44%	3.09%	0.28
TMETencent Music Entertainment Group	10.34B	14.60	23.62	2.34%	34.08%	12.65%	13.03%	0.09
NAMIJinxin Technology Holding Company American Depositary Shares	508.47M	0.44	4.15	7%	4.99%	94.83%		0.03
KRKR36Kr Holdings Inc.	3.19B	3.56	-0.30	-32.08%	-26.64%	-34.61%		0.25
BZFDBuzzFeed, Inc.	1.03M	0.76	-0.84	-24.85%	0.06%	0.14%		0.59
ARENThe Arena Group Holdings, Inc.	137.44M	2.89	-1.01	-12.34%	88.51%
ONFOOnfolio Holdings, Inc.	2.51M	0.49	-1.20	50.04%	-17.18%	-51.71%		0.60
FENGPhoenix New Media Limited	552.15M	1.74	-2.68	1.69%	-6.38%	-4.56%		0.05

Profit & Loss

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	120.51M	299.09M	655.61M	386.76M	316.78M	322.5M	340.19M	231.07M
Revenue Growth %	-	148.2%	119.2%	-41.01%	-18.09%	1.8%	5.48%	-32.08%
Cost of Goods Sold+	60.75M	140.32M	380.29M	261.37M	128.84M	137.85M	158.17M	118.73M
COGS % of Revenue	50.41%	46.91%	58.01%	67.58%	40.67%	42.74%	46.49%	51.38%
Gross Profit+	59.76M	158.78M	275.32M	125.39M	187.94M	184.65M	182.02M	112.34M
Gross Margin %	49.59%	53.09%	41.99%	32.42%	59.33%	57.26%	53.51%	48.62%
Gross Profit Growth %	-	165.7%	73.4%	-54.46%	49.88%	-1.75%	-1.43%	-38.28%
Operating Expenses+	48.74M	113.18M	298.18M	391.31M	278.74M	229.19M	276.23M	190.1M
OpEx % of Revenue	40.45%	37.84%	45.48%	101.18%	87.99%	71.07%	81.2%	82.27%
Selling, General & Admin	42.31M	91.11M	262.38M	353.08M	234.52M	174.14M	234.55M	175.7M
SG&A % of Revenue	35.11%	30.46%	40.02%	91.29%	74.03%	54%	68.95%	76.04%
Research & Development	6.43M	22.07M	35.81M	38.23M	47.52M	55.05M	41.68M	14.4M
R&D % of Revenue	5.33%	7.38%	5.46%	9.89%	15%	17.07%	12.25%	6.23%
Other Operating Expenses	0	0	0	0	-3.3M	0	0	0
Operating Income+	11.01M	45.59M	-22.87M	-257.94M	-94.11M	-44.54M	-94.22M	-77.76M
Operating Margin %	9.14%	15.24%	-3.49%	-66.69%	-29.71%	-13.81%	-27.7%	-33.65%
Operating Income Growth %	-	313.95%	-150.16%	-1027.98%	63.52%	52.67%	-111.55%	17.46%
EBITDA+	11.5M	47.2M	-18.64M	-252.34M	-75.97M	-29.01M	-80.98M	-67.61M
EBITDA Margin %	9.54%	15.78%	-2.84%	-65.24%	-23.98%	-9%	-23.8%	-29.26%
EBITDA Growth %	-	310.36%	-139.49%	-1254.04%	69.9%	61.81%	-179.15%	16.5%
D&A (Non-Cash Add-back)	487K	1.6M	4.23M	5.6M	18.14M	15.53M	13.24M	10.15M
EBIT	11.01M	48.91M	-22.37M	-255.82M	-94.11M	-41.09M	-93.07M	-77.27M
Net Interest Income+	-173K	-75K	4.12M	1.86M	2.48M	0	0	0
Interest Income	12K	22K	4.12M	1.86M	2.48M	0	0	0
Interest Expense	185K	97K	0	0	0	0	0	0
Other Income/Expense	818K	9.75M	16.85M	-17.64M	3.6M	67.53M	4.93M	-62.96M
Pretax Income+	11.83M	55.34M	-6.02M	-275.58M	-90.51M	23M	-89.29M	-140.72M
Pretax Margin %	9.82%	18.5%	-0.92%	-71.25%	-28.57%	7.13%	-26.25%	-60.9%
Income Tax+	3.91M	14.83M	19.89M	3.76M	102K	361K	-42K	64K
Effective Tax Rate %	66.96%	71.36%	430.56%	101.37%	98.97%	95.41%	100.77%	97.09%
Net Income+	7.92M	39.49M	-25.91M	-279.34M	-89.57M	21.94M	-89.98M	-136.63M
Net Margin %	6.57%	13.2%	-3.95%	-72.23%	-28.28%	6.8%	-26.45%	-59.13%
Net Income Growth %	-	398.46%	-165.61%	-978.08%	67.94%	124.5%	-510.06%	-51.84%
Net Income (Continuing)	7.92M	40.52M	-25.91M	-279.34M	-90.61M	22.64M	-89.25M	-140.79M
Discontinued Operations	0	0	0	0	0	0	0	0
Minority Interest	0	7.73M	6.74M	8.15M	7.86M	7.28M	9.88M	236K
EPS (Diluted)+	17.00	26.25	-16.00	-171.25	-54.50	13.25	-54.00	-81.75
EPS Growth %	-	54.41%	-160.95%	-970.31%	68.18%	124.31%	-507.55%	-51.39%
EPS (Basic)	17.00	26.25	-16.00	-171.25	-54.50	13.25	-54.00	-81.75
Diluted Shares Outstanding	464.94K	1.5M	1.63M	1.63M	1.64M	1.67M	1.67M	1.67M
Basic Shares Outstanding	464.94K	1.5M	1.61M	1.63M	1.64M	1.66M	1.67M	1.67M
Dividend Payout Ratio	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	218.14M	399.39M	849.24M	530.45M	442.51M	399.43M	272.47M	175.43M
Cash & Short-Term Investments	147.98M	194.42M	263.73M	209.19M	216.1M	184.78M	116.96M	91.71M
Cash Only	45.64M	48.97M	177.37M	60.85M	96.97M	142.51M	41.46M	36.77M
Short-Term Investments	102.33M	145.45M	86.36M	148.34M	119.14M	42.27M	75.5M	54.95M
Accounts Receivable	64.94M	193.29M	543.15M	304.94M	183.79M	198.39M	139.48M	65.72M
Days Sales Outstanding	196.68	235.88	302.39	287.78	211.77	224.53	149.65	103.81
Inventory	4.79M	10.32M	40.72M	0	39.51M	100K	0	0
Days Inventory Outstanding	28.76	26.84	39.08	-	111.92	0.26	-	-
Other Current Assets	445K	1.37M	-38.57M	1.53M	-36.4M	988K	1.73M	4.01M
Total Non-Current Assets+	3.54M	16.03M	61.57M	48.08M	59.23M	171.94M	186.5M	100.77M
Property, Plant & Equipment	532K	15.47M	15.96M	31.31M	16.98M	33.34M	41.82M	24.42M
Fixed Asset Turnover	226.52x	19.33x	41.07x	12.35x	18.66x	9.67x	8.13x	9.46x
Goodwill	0	0	0	0	0	0	0	0
Intangible Assets	0	255K	356K	471K	808K	1.25M	2.08M	1.49M
Long-Term Investments	2.95M	-255K	41.86M	16.3M	41.44M	137.36M	142.6M	74.86M
Other Non-Current Assets	54K	255K	0	16.3M	41.44M	0	0	0
Total Assets+	221.68M	415.43M	910.82M	578.53M	501.74M	571.37M	458.97M	276.19M
Asset Turnover	0.54x	0.72x	0.72x	0.67x	0.63x	0.56x	0.74x	0.84x
Asset Growth %	-	87.4%	119.25%	-36.48%	-13.27%	13.88%	-19.67%	-39.82%
Total Current Liabilities+	44.82M	84.7M	266.87M	177.13M	193.88M	210.28M	170.11M	146.2M
Accounts Payable	10.49M	20.27M	139.34M	64.64M	56.27M	53.47M	60.38M	59.84M
Days Payables Outstanding	63.03	52.73	133.73	90.27	159.4	141.57	139.33	183.94
Short-Term Debt	0	0	0	0	5M	9.95M	9.95M	10M
Deferred Revenue (Current)	3.55M	4.23M	8.16M	18.85M	28.86M	24.57M	23.43M	19.3M
Other Current Liabilities	186K	899K	1.56M	1.49M	2.72M	1.65M	2.73M	2.35M
Current Ratio	4.87x	4.72x	3.18x	2.99x	2.28x	1.90x	1.60x	1.20x
Quick Ratio	4.76x	4.59x	3.03x	2.99x	2.08x	1.90x	1.60x	1.20x
Cash Conversion Cycle	162.4	210	207.74	-	164.29	83.23	-	-
Total Non-Current Liabilities+	588.54M	816.33M	0	12.43M	586K	15.71M	27M	11.74M
Long-Term Debt	0	0	0	12.43M	586K	0	0	0
Capital Lease Obligations	0	0	0	12.43M	586K	15.09M	26.83M	11.74M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	588.54M	816.33M	0	-12.43M	-586K	615K	174K	0
Total Liabilities	633.37M	901.04M	266.87M	189.56M	194.47M	225.99M	197.11M	157.94M
Total Debt+	0	0	0	27.56M	21.89M	56.34M	45.73M	29.6M
Net Debt	-45.64M	-48.97M	-177.37M	-33.29M	-75.08M	-86.17M	4.26M	-7.16M
Debt / Equity	-	-	-	0.07x	0.07x	0.16x	0.17x	0.25x
Debt / EBITDA	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-3.97x	-1.04x	-	-	-	-	-	-
Interest Coverage	59.54x	470.02x	-	-	-	-	-	-
Total Equity+	-411.69M	-477.88M	643.95M	388.97M	307.26M	345.38M	261.86M	118.25M
Equity Growth %	-	-16.08%	234.75%	-39.6%	-21.01%	12.41%	-24.18%	-54.84%
Book Value per Share	-885.45	-318.64	395.32	238.50	187.34	206.70	156.91	70.85
Total Shareholders' Equity	-411.69M	-485.61M	637.21M	380.82M	299.4M	338.11M	251.98M	118.01M
Common Stock	184K	184K	679K	687K	694K	694K	694K	694K
Retained Earnings	-425.32M	-486.03M	-1.36B	-1.64B	-1.73B	-1.71B	-1.8B	-1.93B
Treasury Stock	0	0	-2.33M	-14.08M	-13.6M	-12.01M	-11.5M	-2.87M
Accumulated OCI	-588.54M	231K	-3.05M	-7.9M	-8.99M	-5.86M	-5.29M	-4.92M
Minority Interest	0	7.73M	6.74M	8.15M	7.86M	7.28M	9.88M	236K

Cash Flow

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-11.44M	-45.6M	-158.94M	-17.13M	194.96M	-4.99M	-122.16M	-32.99M
Operating CF Margin %	-9.5%	-15.25%	-24.24%	-4.43%	61.54%	-1.55%	-35.91%	-14.28%
Operating CF Growth %	-	-298.44%	-248.56%	89.23%	1238.46%	-102.56%	-2348.65%	73%
Net Income	5.09M	-80.57M	-850.44M	-280.23M	-89.57M	21.94M	-89.98M	-140.79M
Depreciation & Amortization	487K	1.6M	4.23M	5.6M	2.66M	1.92M	0	10.15M
Stock-Based Compensation	4.89M	5.11M	91.17M	39.28M	15.02M	13.89M	4.67M	-178K
Deferred Taxes	0	0	0	0	0	0	0	0
Other Non-Cash Items	27.59M	142.61M	959.94M	99.92M	24.89M	-77.44M	47.25M	98.33M
Working Capital Changes	-49.5M	-114.36M	-363.83M	118.32M	241.96M	34.7M	-84.1M	-508K
Change in Receivables	-60.8M	-121.54M	-365.77M	108.16M	241.47M	6.95M	-38.14M	24.8M
Change in Inventory	0	0	0	0	0	0	0	0
Change in Payables	0	0	0	0	0	0	6.91M	712K
Cash from Investing+	-105.89M	-56.29M	9.88M	-64.29M	-158M	43.31M	20.17M	32.48M
Capital Expenditures	-392K	-16.68M	-4.78M	-2.35M	-2.18M	-1.66M	-5.4M	-444K
CapEx % of Revenue	0.33%	5.58%	0.73%	0.61%	0.69%	0.51%	1.59%	0.19%
Acquisitions	-3.5M	273K	-46.27M	-431K	-433K	-1.71M	0	1.27M
Investments	-	-	-	-	-	-	-	-
Other Investing	-105.5M	-273K	0	0	-154.31M	8.15M	69.67M	15.94M
Cash from Financing+	162.98M	104.72M	278.34M	-32.84M	-23K	5.12M	481K	-3.61M
Debt Issued (Net)	979K	-979K	-217K	0	5M	4.95M	0	50K
Equity Issued (Net)	1000K	1000K	1000K	-1000K	-1000K	0	0	0
Dividends Paid	0	0	0	0	0	0	0	0
Share Repurchases	0	0	-2.33M	-33.37M	-5.78M	0	0	0
Other Financing	10M	0	2.09M	528K	757K	174K	481K	-3.66M
Net Change in Cash	162.98M	3.33M	128.91M	-117.03M	36.12M	45.65M	-101.15M	-3.88M
Free Cash Flow+	-11.84M	-62.27M	-163.71M	-19.48M	192.78M	-6.64M	-127.56M	-33.48M
FCF Margin %	-9.82%	-20.82%	-24.97%	-5.04%	60.86%	-2.06%	-37.5%	-14.49%
FCF Growth %	-	-426.13%	-162.9%	88.1%	1089.89%	-103.45%	-1819.65%	73.76%
FCF per Share	-25.46	-41.52	-100.50	-11.94	117.54	-3.98	-76.43	-20.06
FCF Conversion (FCF/Net Income)	-1.44x	-1.15x	6.13x	0.06x	-2.18x	-0.23x	1.36x	0.24x
Interest Paid	6K	92K	78K	0	0	0	0	0
Taxes Paid	313K	11.94M	17.54M	13.57M	306K	171K	93K	206K

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-31.21%	-54.09%	-25.73%	6.72%	-29.64%	-71.89%
Return on Invested Capital (ROIC)	-	-	-3.68%	-47.05%	-24.01%	-13.59%	-26.9%	-30.92%
Gross Margin	49.59%	53.09%	41.99%	32.42%	59.33%	57.26%	53.51%	48.62%
Net Margin	6.57%	13.2%	-3.95%	-72.23%	-28.28%	6.8%	-26.45%	-59.13%
Debt / Equity	-	-	-	0.07x	0.07x	0.16x	0.17x	0.25x
Interest Coverage	59.54x	470.02x	-	-	-	-	-	-
FCF Conversion	-1.44x	-1.15x	6.13x	0.06x	-2.18x	-0.23x	1.36x	0.24x
Revenue Growth	-	148.2%	119.2%	-41.01%	-18.09%	1.8%	5.48%	-32.08%

36Kr Holdings Inc. (KRKR) 10-Year Financial Performance & Capital Metrics

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36Kr Holdings Inc. (KRKR) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare KRKR vs Peers

vs SPOT

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