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

KRKR • • Industrial / General
Communication ServicesInternet ServicesDigital Content & Media PlatformsNews & Digital Media Publishers
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 0.1x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 11 (bottom 11%)
  • ✗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

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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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

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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
OPRAOpera Limited1.26B14.0815.6421.12%13.93%8.58%5.89%0.01
BIDUBaidu, Inc.41.57B149.402.27-1.09%6.9%3.13%31.52%0.28
KRKR36Kr Holdings Inc.9.01M5.07-0.06-32.08%-26.64%-34.61%0.25
FENGPhoenix New Media Limited10.3M1.90-0.431.69%-6.38%-4.56%0.05
BZFDBuzzFeed, Inc.35.61M0.99-1.09-24.85%0.06%0.14%0.59
ARENThe Arena Group Holdings, Inc.197.93M4.17-1.46-12.34%88.51%

Profit & Loss

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+120.51M299.09M655.61M386.76M316.78M322.5M340.19M231.07M
Revenue Growth %-1.48%1.19%-0.41%-0.18%0.02%0.05%-0.32%
Cost of Goods Sold+60.75M140.32M380.29M261.37M128.84M137.85M158.17M118.73M
COGS % of Revenue0.5%0.47%0.58%0.68%0.41%0.43%0.46%0.51%
Gross Profit+59.76M158.78M275.32M125.39M187.94M184.65M182.02M112.34M
Gross Margin %0.5%0.53%0.42%0.32%0.59%0.57%0.54%0.49%
Gross Profit Growth %-1.66%0.73%-0.54%0.5%-0.02%-0.01%-0.38%
Operating Expenses+48.74M113.18M298.18M391.31M278.74M229.19M276.23M190.1M
OpEx % of Revenue0.4%0.38%0.45%1.01%0.88%0.71%0.81%0.82%
Selling, General & Admin42.31M91.11M262.38M353.08M234.52M174.14M234.55M175.7M
SG&A % of Revenue0.35%0.3%0.4%0.91%0.74%0.54%0.69%0.76%
Research & Development6.43M22.07M35.81M38.23M47.52M55.05M41.68M14.4M
R&D % of Revenue0.05%0.07%0.05%0.1%0.15%0.17%0.12%0.06%
Other Operating Expenses0000-3.3M000
Operating Income+11.01M45.59M-22.87M-257.94M-94.11M-44.54M-94.22M-77.76M
Operating Margin %0.09%0.15%-0.03%-0.67%-0.3%-0.14%-0.28%-0.34%
Operating Income Growth %-3.14%-1.5%-10.28%0.64%0.53%-1.12%0.17%
EBITDA+11.5M47.2M-18.64M-252.34M-75.97M-29.01M-80.98M-67.61M
EBITDA Margin %0.1%0.16%-0.03%-0.65%-0.24%-0.09%-0.24%-0.29%
EBITDA Growth %-3.1%-1.39%-12.54%0.7%0.62%-1.79%0.17%
D&A (Non-Cash Add-back)487K1.6M4.23M5.6M18.14M15.53M13.24M10.15M
EBIT11.01M48.91M-22.37M-255.82M-94.11M-41.09M-93.07M-77.27M
Net Interest Income+-173K-75K4.12M1.86M2.48M000
Interest Income12K22K4.12M1.86M2.48M000
Interest Expense185K97K000000
Other Income/Expense818K9.75M16.85M-17.64M3.6M67.53M4.93M-62.96M
Pretax Income+11.83M55.34M-6.02M-275.58M-90.51M23M-89.29M-140.72M
Pretax Margin %0.1%0.19%-0.01%-0.71%-0.29%0.07%-0.26%-0.61%
Income Tax+3.91M14.83M19.89M3.76M102K361K-42K64K
Effective Tax Rate %0.67%0.71%4.31%1.01%0.99%0.95%1.01%0.97%
Net Income+7.92M39.49M-25.91M-279.34M-89.57M21.94M-89.98M-136.63M
Net Margin %0.07%0.13%-0.04%-0.72%-0.28%0.07%-0.26%-0.59%
Net Income Growth %-3.98%-1.66%-9.78%0.68%1.24%-5.1%-0.52%
Net Income (Continuing)7.92M40.52M-25.91M-279.34M-90.61M22.64M-89.25M-140.79M
Discontinued Operations00000000
Minority Interest07.73M6.74M8.15M7.86M7.28M9.88M236K
EPS (Diluted)+17.0026.25-16.00-171.25-54.5013.25-54.00-81.75
EPS Growth %-0.54%-1.61%-9.7%0.68%1.24%-5.08%-0.51%
EPS (Basic)17.0026.25-16.00-171.25-54.5013.25-54.00-81.75
Diluted Shares Outstanding464.94K1.5M1.63M1.63M1.64M1.67M1.67M1.67M
Basic Shares Outstanding464.94K1.5M1.61M1.63M1.64M1.66M1.67M1.67M
Dividend Payout Ratio--------

Balance Sheet

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+218.14M399.39M849.24M530.45M442.51M399.43M272.47M175.43M
Cash & Short-Term Investments147.98M194.42M263.73M209.19M216.1M184.78M116.96M91.71M
Cash Only45.64M48.97M177.37M60.85M96.97M142.51M41.46M36.77M
Short-Term Investments102.33M145.45M86.36M148.34M119.14M42.27M75.5M54.95M
Accounts Receivable64.94M193.29M543.15M304.94M183.79M198.39M139.48M65.72M
Days Sales Outstanding196.68235.88302.39287.78211.77224.53149.65103.81
Inventory4.79M10.32M40.72M039.51M100K00
Days Inventory Outstanding28.7626.8439.08-111.920.26--
Other Current Assets445K1.37M-38.57M1.53M-36.4M988K1.73M4.01M
Total Non-Current Assets+3.54M16.03M61.57M48.08M59.23M171.94M186.5M100.77M
Property, Plant & Equipment532K15.47M15.96M31.31M16.98M33.34M41.82M24.42M
Fixed Asset Turnover226.52x19.33x41.07x12.35x18.66x9.67x8.13x9.46x
Goodwill00000000
Intangible Assets0255K356K471K808K1.25M2.08M1.49M
Long-Term Investments2.95M-255K41.86M16.3M41.44M137.36M142.6M74.86M
Other Non-Current Assets54K255K016.3M41.44M000
Total Assets+221.68M415.43M910.82M578.53M501.74M571.37M458.97M276.19M
Asset Turnover0.54x0.72x0.72x0.67x0.63x0.56x0.74x0.84x
Asset Growth %-0.87%1.19%-0.36%-0.13%0.14%-0.2%-0.4%
Total Current Liabilities+44.82M84.7M266.87M177.13M193.88M210.28M170.11M146.2M
Accounts Payable10.49M20.27M139.34M64.64M56.27M53.47M60.38M59.84M
Days Payables Outstanding63.0352.73133.7390.27159.4141.57139.33183.94
Short-Term Debt00005M9.95M9.95M10M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities186K899K1.56M1.49M2.72M1.65M2.73M2.35M
Current Ratio4.87x4.72x3.18x2.99x2.28x1.90x1.60x1.20x
Quick Ratio4.76x4.59x3.03x2.99x2.08x1.90x1.60x1.20x
Cash Conversion Cycle162.4210207.74-164.2983.23--
Total Non-Current Liabilities+588.54M816.33M012.43M586K15.71M27M11.74M
Long-Term Debt00012.43M586K000
Capital Lease Obligations00012.43M586K15.09M26.83M11.74M
Deferred Tax Liabilities00000000
Other Non-Current Liabilities588.54M816.33M0-12.43M-586K615K174K0
Total Liabilities633.37M901.04M266.87M189.56M194.47M225.99M197.11M157.94M
Total Debt+00027.56M21.89M56.34M45.73M29.6M
Net Debt-45.64M-48.97M-177.37M-33.29M-75.08M-86.17M4.26M-7.16M
Debt / Equity---0.07x0.07x0.16x0.17x0.25x
Debt / EBITDA--------
Net Debt / EBITDA-3.97x-1.04x------
Interest Coverage59.54x470.02x------
Total Equity+-411.69M-477.88M643.95M388.97M307.26M345.38M261.86M118.25M
Equity Growth %--0.16%2.35%-0.4%-0.21%0.12%-0.24%-0.55%
Book Value per Share-885.45-318.64395.32238.50187.34206.70156.9170.85
Total Shareholders' Equity-411.69M-485.61M637.21M380.82M299.4M338.11M251.98M118.01M
Common Stock184K184K679K687K694K694K694K694K
Retained Earnings-425.32M-486.03M-1.36B-1.64B-1.73B-1.71B-1.8B-1.93B
Treasury Stock00-2.33M-14.08M-13.6M-12.01M-11.5M-2.87M
Accumulated OCI-588.54M231K-3.05M-7.9M-8.99M-5.86M-5.29M-4.92M
Minority Interest07.73M6.74M8.15M7.86M7.28M9.88M236K

Cash Flow

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-11.44M-45.6M-158.94M-17.13M194.96M-4.99M-122.16M-32.99M
Operating CF Margin %-0.09%-0.15%-0.24%-0.04%0.62%-0.02%-0.36%-0.14%
Operating CF Growth %--2.98%-2.49%0.89%12.38%-1.03%-23.49%0.73%
Net Income5.09M-80.57M-850.44M-280.23M-89.57M21.94M-89.98M-140.79M
Depreciation & Amortization487K1.6M4.23M5.6M2.66M1.92M010.15M
Stock-Based Compensation4.89M5.11M91.17M39.28M15.02M13.89M4.67M-178K
Deferred Taxes00000000
Other Non-Cash Items27.59M142.61M959.94M99.92M24.89M-77.44M47.25M98.33M
Working Capital Changes-49.5M-114.36M-363.83M118.32M241.96M34.7M-84.1M-508K
Change in Receivables-60.8M-121.54M-365.77M108.16M241.47M6.95M-38.14M24.8M
Change in Inventory00000000
Change in Payables0000006.91M712K
Cash from Investing+-105.89M-56.29M9.88M-64.29M-158M43.31M20.17M32.48M
Capital Expenditures-392K-16.68M-4.78M-2.35M-2.18M-1.66M-5.4M-444K
CapEx % of Revenue0%0.06%0.01%0.01%0.01%0.01%0.02%0%
Acquisitions--------
Investments--------
Other Investing-105.5M-273K00-154.31M8.15M69.67M15.94M
Cash from Financing+162.98M104.72M278.34M-32.84M-23K5.12M481K-3.61M
Debt Issued (Net)--------
Equity Issued (Net)--------
Dividends Paid00000000
Share Repurchases--------
Other Financing10M02.09M528K757K174K481K-3.66M
Net Change in Cash--------
Free Cash Flow+-11.84M-62.27M-163.71M-19.48M192.78M-6.64M-127.56M-33.48M
FCF Margin %-0.1%-0.21%-0.25%-0.05%0.61%-0.02%-0.37%-0.14%
FCF Growth %--4.26%-1.63%0.88%10.9%-1.03%-18.2%0.74%
FCF per Share-25.46-41.52-100.50-11.94117.54-3.98-76.43-20.06
FCF Conversion (FCF/Net Income)-1.44x-1.15x6.13x0.06x-2.18x-0.23x1.36x0.24x
Interest Paid6K92K78K00000
Taxes Paid313K11.94M17.54M13.57M306K171K93K206K

Key Ratios

Metric20172018201920202021202220232024
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 Margin49.59%53.09%41.99%32.42%59.33%57.26%53.51%48.62%
Net Margin6.57%13.2%-3.95%-72.23%-28.28%6.8%-26.45%-59.13%
Debt / Equity---0.07x0.07x0.16x0.17x0.25x
Interest Coverage59.54x470.02x------
FCF Conversion-1.44x-1.15x6.13x0.06x-2.18x-0.23x1.36x0.24x
Revenue Growth-148.2%119.2%-41.01%-18.09%1.8%5.48%-32.08%

Revenue by Segment

201920202021202220232024
Advertising283.43M172.81M---180.61M
Advertising Growth--39.03%----
Enterprise value-added services--74.03M72.64M67.3M32.83M
Enterprise value-added services Growth----1.88%-7.36%-51.21%
Consulting--36.87M43.2M40.58M18.77M
Consulting Growth---17.18%-6.06%-53.74%
Subscription services--28.02M28.24M34.19M17.63M
Subscription services Growth---0.76%21.07%-48.43%
Institutional investor subscription services--25.49M27.09M26.42M15.61M
Institutional investor subscription services Growth---6.30%-2.50%-40.92%
Individual subscription services--2.44M719K7.62M2.02M
Individual subscription services Growth----70.54%959.81%-73.48%
Integrated marketing--1.34M6.64M3.17M888K
Integrated marketing Growth---394.71%-52.24%-72.00%
Advertisement agent services--3.7M7.33M769K689K
Advertisement agent services Growth---98.21%-89.50%-10.40%
Enterprise subscription services--94K423K150K1K
Enterprise subscription services Growth---350.00%-64.54%-99.33%
Online advertising services--214.72M221.62M238.7M-
Online advertising services Growth---3.21%7.71%-
Offline events--32.13M---
Offline events Growth------
Enterprise Value Added Services319.47M193.21M----
Enterprise Value Added Services Growth--39.52%----
Integrated Marketing Services250.34M133.6M----
Integrated Marketing Services Growth--46.63%----
Consulting Services15.26M32.62M----
Consulting Services Growth-113.72%----
Offline Events Services53.86M26.99M----
Offline Events Services Growth--49.89%----
Subscription Services52.71M20.74M----
Subscription Services Growth--60.65%----
Institutional Investor Subscription Services20.04M16.04M----
Institutional Investor Subscription Services Growth--19.98%----
Individual Subscription Services30.59M4.34M----
Individual Subscription Services Growth--85.80%----
Enterprise Subscription Services2.08M361K----
Enterprise Subscription Services Growth--82.62%----

Frequently Asked Questions

Growth & Financials

36Kr Holdings Inc. (KRKR) reported $340.2M in revenue for fiscal year 2024. This represents a 182% increase from $120.5M in 2017.

36Kr Holdings Inc. (KRKR) saw revenue decline by 32.1% over the past year.

36Kr Holdings Inc. (KRKR) reported a net loss of $90.6M for fiscal year 2024.

Dividend & Returns

36Kr Holdings Inc. (KRKR) has a return on equity (ROE) of -71.9%. Negative ROE indicates the company is unprofitable.

36Kr Holdings Inc. (KRKR) generated $0.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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