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Stocks · Industrials · Services-Business Services, NEC

36Kr Holdings Inc.

KRKR Clue Score42
Cayman Islands Fiscal year ends December CIK 0001779476
$3.05 +0.00% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $3.05 +93.24% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 8 Nov 2019. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue120.5Operating income11.0Net income7.9EPS, diluted0.01Fiscal year 2018Revenue299.1 +148.2%Operating income45.6Net income40.5 +411.4%EPS, diluted−0.28Fiscal year 2019Revenue655.6 +119.2%Operating income−22.9Net income−25.9 −163.9%EPS, diluted−2.31Fiscal year 2020Revenue386.8 −41.0%Operating income−267.3Net income−279.3EPS, diluted−0.28Fiscal year 2021Revenue316.8 −18.1%Operating income−94.1Net income−90.6EPS, diluted−0.09Fiscal year 2022Revenue322.5 +1.8%Operating income−44.5Net income22.6EPS, diluted0.02Fiscal year 2023Revenue340.2 +5.5%Operating income−94.2Net income−89.2 −494.3%EPS, diluted−0.09Fiscal year 2024Revenue231.1 −32.1%Operating income−77.8Net income−140.8EPS, diluted−0.13Fiscal year 2025Revenue227.9 −1.4%Operating income10.0Net income11.4EPS, diluted0.01
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 120.5 299.1 655.6 386.8 316.8 322.5 340.2 231.1 227.9
Growth +148.2% +119.2% −41.0% −18.1% +1.8% +5.5% −32.1% −1.4%
Operating income 11.0 45.6 −22.9 −267.3 −94.1 −44.5 −94.2 −77.8 10.0
Net income 7.9 40.5 −25.9 −279.3 −90.6 22.6 −89.2 −140.8 11.4
Growth +411.4% −163.9% −494.3%
EPS, diluted 0.01 −0.28 −2.31 −0.28 −0.09 0.02 −0.09 −0.13 0.01

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin49.6%Operating margin9.1%Net margin6.6%Free cash flow margin−9.8%Fiscal year 2018Gross margin53.1%Operating margin15.2%Net margin13.5%Free cash flow margin−20.7%Fiscal year 2019Gross margin42.0%Operating margin−3.5%Net margin−4.0%Free cash flow margin−25.0%Fiscal year 2020Gross margin32.4%Operating margin−69.1%Net margin−72.2%Free cash flow margin−5.0%Fiscal year 2021Gross margin59.3%Operating margin−29.7%Net margin−28.6%Free cash flow margin61.0%Fiscal year 2022Gross margin57.3%Operating margin−13.8%Net margin7.0%Free cash flow margin−1.9%Fiscal year 2023Gross margin53.5%Operating margin−27.7%Net margin−26.2%Free cash flow margin−37.5%Fiscal year 2024Gross margin48.6%Operating margin−33.7%Net margin−60.9%Free cash flow margin−14.5%Fiscal year 2025Gross margin57.7%Operating margin4.4%Net margin5.0%Free cash flow margin8.3%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 49.6% 53.1% 42.0% 32.4% 59.3% 57.3% 53.5% 48.6% 57.7%
Operating margin 9.1% 15.2% −3.5% −69.1% −29.7% −13.8% −27.7% −33.7% 4.4%
Net margin 6.6% 13.5% −4.0% −72.2% −28.6% 7.0% −26.2% −60.9% 5.0%
Free cash flow margin −9.8% −20.7% −25.0% −5.0% 61.0% −1.9% −37.5% −14.5% 8.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow−11.4Capital expenditure−0.4Free cash flow−11.8Fiscal year 2018Operating cash flow−45.6Capital expenditure−16.4Free cash flow−62.0Fiscal year 2019Operating cash flow−158.9Capital expenditure−4.6Free cash flow−163.6Fiscal year 2020Operating cash flow−17.1Capital expenditure−2.2Free cash flow−19.3Fiscal year 2021Operating cash flow195.0Capital expenditure−1.7Free cash flow193.2Fiscal year 2022Operating cash flow−5.0Capital expenditure−1.1Free cash flow−6.1 −103.1%Fiscal year 2023Operating cash flow−122.2Capital expenditure−5.4Free cash flow−127.5Fiscal year 2024Operating cash flow−33.0Capital expenditure−0.4Free cash flow−33.4Fiscal year 2025Operating cash flow19.0Capital expenditure−0.1Free cash flow18.9
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −11.4 −45.6 −158.9 −17.1 195.0 −5.0 −122.2 −33.0 19.0
Capital expenditure −0.4 −16.4 −4.6 −2.2 −1.7 −1.1 −5.4 −0.4 −0.1
Free cash flow −11.8 −62.0 −163.6 −19.3 193.2 −6.1 −127.5 −33.4 18.9
Growth −103.1%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2017Cash45.6Shareholders’ equity−411.7Fiscal year 2018Cash49.0Shareholders’ equity−485.6Fiscal year 2019Cash177.4Shareholders’ equity637.2Fiscal year 2020Cash60.8Shareholders’ equity380.8Fiscal year 2021Cash97.0Shareholders’ equity299.4Fiscal year 2022Cash142.5Shareholders’ equity338.1Fiscal year 2023Cash41.5Shareholders’ equity252.0Fiscal year 2024Cash36.8Shareholders’ equity118.0Fiscal year 2025Cash102.2Shareholders’ equity128.8
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 45.6 49.0 177.4 60.8 97.0 142.5 41.5 36.8 102.2
Shareholders’ equity −411.7 −485.6 637.2 380.8 299.4 338.1 252.0 118.0 128.8

In millions of CNY, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of CNY, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020† 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
120.5 299.1 655.6 386.8 316.8 322.5 340.2 231.1 227.9
Growth +148.2% +119.2% −41.0% −18.1% +1.8% +5.5% −32.1% −1.4%
60.7 140.3 380.3 261.4 128.8 137.8 158.2 118.7 96.4
59.8 158.8 275.3 125.4 187.9 184.6 182.0 112.3 131.5
Growth +165.7% +73.4% −54.5% +49.9% −1.7% −1.4% −38.3% +17.1%
6.4 22.1 35.8 38.2 47.5 55.0 41.7 14.4 12.7
10.0 24.1 131.1 212.4 90.6 52.1 107.0 93.1 42.4
11.0 45.6 −22.9 −267.3 −94.1 −44.5 −94.2 −77.8 10.0
Growth +313.9% −150.2%
11.8 55.3 −6.0 −275.6 −90.5 23.0 −89.3 −140.7 11.4
3.9 14.8 19.9 3.8 0.1 0.4 −0.0 0.1 0.0
7.9 40.5 −25.9 −279.3 −90.6 22.6 −89.2 −140.8 11.4
Growth +411.4% −163.9% −494.3%
Per share
0.01 −0.28 −2.31 −0.28 −0.09 0.02 −0.09 −0.13 0.01
0.01 −0.28 −2.31 −0.28 −0.09 0.02 −0.09 −0.13 0.01
Growth −4,028.6% −509.5%
272.4 292.7 368.2 1,019 1,025 1,035 1,043 1,054 1,058
313.7 292.7 368.2 1,019 1,025 1,035 1,043 1,054 1,060
Growth −6.7% +25.8% +176.9% +0.6% +0.9% +0.8% +1.1% +0.5%

† The diluted share count jumps at 2020, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Shown in CNY as filed; the screener converts to dollars.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 10.0% a year over five years.
  • Operating margin is up 73.5 points on five years ago, at 4.4%.
  • A net loss in 5 of 9 years on file.