Kanzhun Limited (BZ) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Cash from Operations | 1.32B | 1.17B | 1.05B | 1B | 956.11M | 812.29M | 868.56M | 905.54M | 926.84M | 812.55M | 763.71M | 543.91M | 155.54M | 366.55M | 186.94M | 294.01M | 534.91M | 269.93M | 671.21M | 165.34M |
| Operating CF Margin % | 63.68% | 54.26% | 50.03% | 52.16% | 52.43% | 42.49% | 45.31% | 53.15% | 58.65% | 50.57% | 51.34% | 42.57% | 14.37% | 31.1% | 16.81% | 25.84% | 49.05% | 22.28% | 57.46% | 20.97% |
| Operating CF Growth % | 38.43% | 44.5% | 21.11% | 10.77% | 3.16% | -0.03% | 13.73% | 66.49% | 495.87% | 121.68% | 308.54% | 85% | -70.92% | 35.8% | -72.15% | 77.83% | 18.25% | - | - | 159.19% |
| Net Income | 649.3M | 806.63M | 716.4M | 518.13M | 449.61M | 468.37M | 421.73M | 244.95M | 331.23M | 425.72M | 309.6M | 32.66M | -184.79M | 211.72M | 92.49M | -12.17M | 233.07M | 286.17M | -1.41B | -176.18M |
| Depreciation & Amortization | 991.43M | 0 | -176.41M | 0 | 686.48M | 0 | -160.92M | 0 | 427.89M | 0 | 0 | 0 | 287.4M | 0 | 0 | 0 | 151.06M | 0 | 78.59M | 38.38M |
| Stock-Based Compensation | 214.1M | 216.4M | 229.73M | 251.76M | 278.2M | 275.07M | 301.44M | 288.98M | 297.41M | 288.37M | 258.9M | 212.29M | 244.24M | 164.91M | 149.82M | 133.23M | 368.63M | 98.92M | 1.66B | 48.66M |
| Deferred Taxes | -20.93M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -264.77M | 0 | 0 | 0 |
| Other Non-Cash Items | -673.18M | 150.77M | 16.56M | 498.84M | -343.75M | 68.85M | 2.02M | 675.89M | -109.48M | 98.47M | 195.21M | 298.96M | -37.78M | -10.08M | -55.38M | 172.96M | 301.84M | -115.16M | 438.69M | -435K |
| Working Capital Changes | 162.85M | 0 | 265.62M | -265.62M | -114.44M | 0 | 304.28M | -304.28M | -20.21M | 0 | 0 | 0 | -153.53M | 0 | 0 | 0 | -254.91M | 0 | -92.53M | 254.91M |
| Change in Receivables | 5.18M | 0 | -1.91M | 1.91M | -17.49M | 0 | 2.39M | -2.39M | -7.04M | 0 | 0 | 0 | -5.98M | 0 | 0 | 0 | 9.84M | 0 | 4.4M | -3.84M |
| Change in Inventory | 647K | 0 | -180K | 180K | -3.04M | 0 | 2.6M | -2.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 190.89M | 0 | 0 | -210.35M |
| Change in Payables | -4.74M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -61.82M | 0 | 0 | 75.28M |
| Cash from Investing | -1.44B | -1.67B | -824.45M | -678.83M | -723.13M | -698M | -72.31M | -523.46M | -489.5M | -1.06B | -4.43B | -3.96B | -725.5M | -1.99B | 145.61M | -243.52M | 203.89M | -638.39M | -90.87M | -76.5M |
| Capital Expenditures | -155.66M | 0 | 36.53M | 0 | 0 | 0 | 0 | 0 | -955.51M | 0 | 0 | 0 | -340.12M | 0 | 0 | 0 | -198.39M | 0 | -81.37M | -61.5M |
| CapEx % of Revenue | 7.49% | - | 1.74% | 1.9% | 46.94% | - | 16.98% | 25.45% | 60.47% | - | - | - | 31.43% | - | - | - | 18.19% | - | 6.97% | 7.8% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -66K | 0 | 0 | 0 | -9.93M | 0 | 0 | 0 | 525.39M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 3.26B | -1.67B | -860.99M | -678.83M | -723.13M | -698M | -72.31M | -523.46M | 466.08M | -1.06B | -4.43B | -3.96B | 2.09B | -1.99B | 145.61M | -243.52M | 203.89M | -638.39M | -9.49M | 6K |
| Cash from Financing | -456.49M | 2.05B | 144.27M | -85.99M | -520.35M | -753.76M | -81.85M | -104.58M | -442.15M | -43.83M | 23.17M | 45.79M | -627.95M | 46.54M | -96.92M | 9.1M | 21.42M | -2.37M | 6.42B | -12.19M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 2.31B | 0 | -7.41M | -93.41M | -1.65B | 0 | -9.18M | -113.76M | -71.83M | 0 | 0 | 0 | -918.89M | 0 | 0 | 0 | -11.58M | 0 | -11.58M | -11.58M |
| Dividends Paid | -553.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -562.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -41.98M | 0 | -7.41M | -93.41M | -1.65B | 0 | -9.18M | -113.76M | -71.83M | 0 | 0 | 0 | -918.89M | 0 | 0 | 0 | -11.58M | 0 | -11.58M | -11.58M |
| Other Financing | -2.21B | 2.05B | 151.69M | 7.41M | 1.13B | -753.76M | -72.67M | 9.18M | 192.58M | -43.83M | 23.17M | 45.79M | 290.94M | 46.54M | -96.92M | 9.1M | 33M | -2.37M | 6.42B | -608K |
| Net Change in Cash | -593.17M | 1.54B | 369.09M | 237.33M | -263.07M | -656.23M | 725.22M | 274.21M | 28.34M | -296.15M | -3.51B | -3.5B | -1.41B | -1.02B | 817.41M | 14.93M | 585.39M | -332.59M | 6.99B | 103.08M |
| Free Cash Flow | 1.2B | 1.17B | 1.09B | 966.58M | 100.06M | 812.29M | 543.04M | 471.99M | -28.67M | 812.55M | 763.71M | 543.91M | -184.58M | 366.55M | 186.94M | 294.01M | 336.52M | 269.93M | 589.83M | 103.83M |
| FCF Margin % | 57.95% | 54.26% | 51.77% | 50.26% | 5.49% | 42.49% | 28.33% | 27.7% | -1.81% | 50.57% | 51.34% | 42.57% | -17.05% | 31.1% | 16.81% | 25.84% | 30.86% | 22.28% | 50.49% | 13.17% |
| FCF Growth % | 1103.71% | 44.5% | 100.43% | 104.79% | 448.96% | -0.03% | -28.89% | -13.22% | 84.47% | 121.68% | 308.54% | 85% | -154.85% | 35.8% | -68.31% | 183.16% | 7.12% | - | - | 134.26% |
| FCF per Share | 2.52 | 2.47 | 2.43 | 2.16 | 0.22 | 1.79 | 1.18 | 1.04 | -0.06 | 1.81 | 1.70 | 1.20 | -0.43 | 0.80 | 0.41 | 0.68 | 0.73 | 0.58 | 1.37 | 0.26 |
| FCF Conversion (FCF/Net Income) | 1.91x | 1.46x | 1.46x | 1.96x | 2.13x | 1.73x | 2.06x | 3.70x | 2.80x | 1.91x | 2.47x | 16.65x | -0.84x | 1.73x | 2.02x | -24.15x | 2.30x | 0.94x | -0.47x | -0.94x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 503.95M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |