← 36Kr Holdings Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current assets: | |||||||||
| Cash and Cash Equivalents, at Carrying Value | $49.0m | $25.5m | $9.3m | $97.0m | $142.5m | $41.5m | $36.8m | $102.2m | |
| Prepaid Expense and Other Assets, Current | $11.7m | $6.0m | $2.5m | $42.6m | $16.2m | $16.0m | $17.2m | $11.6m | |
| Short-term Investments | $145.5m | $12.4m | $22.7m | $119.1m | $42.3m | $75.5m | $54.9m | $2.0m | |
| Cash and cash equivalents | $49.0m | $177.4m | $60.8m | $97.0m | $142.5m | $41.5m | $36.8m | $102.2m | |
| Accounts receivable, net | $182.3m | $538.5m | $304.8m | $180.2m | $197.5m | $139.4m | $65.6m | $61.8m | |
| Receivables due from related parties | $11.0m | $4.6m | $98k | $3.6m | $858k | $69k | $104k | $304k | |
| Prepayments and other current assets | $11.7m | $41.9m | $16.3m | $42.6m | $16.2m | $16.0m | $17.2m | $11.6m | |
| Allowance For Doubtful Accounts Receivable | — | — | — | — | ($83.4m) | ($77.7m) | ($107.2m) | ($32.3m) | |
| Cash Cash Equivalents And Short Term Investments | — | — | — | — | $184.8m | $117.0m | $91.7m | $104.2m | |
| Gross Accounts Receivable | — | — | — | — | $280.9m | $217.1m | $172.8m | $94.1m | |
| Other Current Assets | — | — | — | — | $988k | $1.7m | $3.2m | $2.7m | |
| Other Short Term Investments | — | — | — | — | $42.3m | $75.5m | $54.9m | $2.0m | |
| Prepaid Assets | — | — | — | — | $15.2m | $14.3m | $14.0m | $8.9m | |
| Assets, Current | $399.4m | $122.0m | $81.3m | $442.5m | $399.4m | $272.5m | $175.4m | $189.9m | |
| Total current assets | $399.4m | $849.2m | $530.5m | $442.5m | $399.4m | $272.5m | $175.4m | $189.9m | |
| Long-term investments | — | — | $16.3m | $41.4m | $137.4m | $142.6m | $74.9m | $82.9m | |
| Property, Plant and Equipment, Net | $15.5m | $2.3m | $604k | $3.2m | $2.4m | $7.4m | $5.8m | $4.0m | |
| Intangible Assets, Net (Excluding Goodwill) | $255k | $51k | $72k | $808k | $1.2m | $2.1m | $1.5m | $1.2m | |
| Intangible assets, net | $255k | $356k | $471k | $808k | $1.2m | $2.1m | $1.5m | $1.2m | |
| Goodwill And Other Intangible Assets | — | — | — | — | $1.2m | $2.1m | $1.5m | $1.2m | |
| Operating Lease, Right-of-Use Asset | — | — | $4.2m | $13.8m | $30.9m | $34.5m | $18.6m | $19.5m | |
| Operating lease right-of-use assets, net | — | — | $27.4m | $13.8m | $30.9m | $34.5m | $18.6m | $19.5m | |
| Additional Financial Items | |||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $182.3m | $77.4m | $46.7m | $180.2m | $197.5m | $139.4m | $65.6m | $61.8m | |
| Restricted cash | — | $505k | — | — | $100k | $0 | $822k | $11.9m | |
| Salary and welfare payables (including amounts of the consolidated VIE and its subsidiaries without recourse to the primary beneficiary of RMB 19.22 million and RMB 13.96 million as of December 31, 2024 and 2025, respectively) | $36.2m | $50.7m | $45.6m | $55.8m | $52.2m | $36.0m | $30.7m | $23.9m | |
| Taxes payable (including amounts of the consolidated VIE and its subsidiaries without recourse to the primary beneficiary of RMB Nil and RMB 0.66 million as of December 31, 2024 and 2025, respectively) | $16.9m | $35.3m | $18.8m | $12.8m | $10.9m | $5.9m | $2.6m | $4.1m | |
| Deferred revenue (including amounts of the consolidated VIE and its subsidiaries without recourse to the primary beneficiary of RMB 19.30 million and RMB 39.90 million as of December 31, 2024 and 2025, respectively) | $4.2m | $8.2m | $18.8m | $28.9m | $24.6m | $23.4m | $19.3m | $39.9m | |
| Amounts due to related parties (including amounts of the consolidated VIE and its subsidiaries without recourse to the primary beneficiary of RMB 0.79 million and RMB 2.01 million as of December 31, 2024 and 2025, respectively) | $2.0m | $0 | $548k | $1.3m | $312k | $261k | $789k | $2.0m | |
| Short-term bank loan (including amounts of the consolidated VIE and its subsidiaries without recourse to the primary beneficiary of RMB 4.00 million and RMB 13.95 million as of December 31, 2024 and 2025, respectively) | — | — | $0 | $5.0m | $9.9m | $9.9m | $10.0m | $19.9m | |
| Operating lease liabilities (including amounts of the consolidated VIE and its subsidiaries without recourse to the primary beneficiary of RMB 7.86 million and RMB 8.08 million as of December 31, 2024 and 2025, respectively) | — | $0 | $12.4m | $586k | $15.1m | $26.8m | $11.7m | $11.4m | |
| Ordinary shares | $184k | $679k | $687k | $694k | $694k | $694k | $694k | $694k | |
| Non-controlling interests | — | $6.7m | $8.1m | $7.9m | $7.3m | $9.9m | $236k | $280k | |
| Accumulated Depreciation | — | — | — | — | ($10.9m) | ($12.4m) | ($13.0m) | ($13.9m) | |
| Buildings And Improvements | — | — | — | — | $30.9m | $34.5m | $18.6m | $19.5m | |
| Capital Lease Obligations | — | — | — | — | $46.4m | $35.8m | $19.6m | $19.5m | |
| Current Accrued Expenses | — | — | — | — | $22.1m | $15.7m | $7.0m | $6.4m | |
| Current Capital Lease Obligation | — | — | — | — | $31.3m | $9.0m | $7.9m | $8.1m | |
| Current Debt | — | — | — | — | $9.9m | $9.9m | $10.0m | $19.9m | |
| Current Debt And Capital Lease Obligation | — | — | — | — | $41.2m | $18.9m | $17.9m | $28.0m | |
| Current Deferred Liabilities | — | — | — | — | $24.6m | $23.4m | $19.3m | $39.9m | |
| Duefrom Related Parties Current | — | — | — | — | $858k | $69k | $104k | $304k | |
| Dueto Related Parties Current | — | — | — | — | $312k | $261k | $789k | $2.0m | |
| Gross PPE | — | — | — | — | $44.2m | $54.2m | $37.4m | $37.4m | |
| Income Tax Payable | — | — | — | — | $274k | $140k | $0 | $24k | |
| Invested Capital | — | — | — | — | $348.1m | $261.9m | $128.0m | $148.7m | |
| Investments And Advances | — | — | — | — | $137.4m | $142.6m | $74.9m | $82.9m | |
| Leases | — | — | — | — | $5.0m | $8.8m | $7.7m | $7.7m | |
| Line Of Credit | — | — | — | — | $9.9m | $9.9m | $10.0m | $19.9m | |
| Long Term Capital Lease Obligation | — | — | — | — | $15.1m | $26.8m | $11.7m | $11.4m | |
| Long Term Equity Investment | — | — | — | — | $137.4m | $142.6m | $74.9m | $82.9m | |
| Machinery Furniture Equipment | — | — | — | — | $8.3m | $10.9m | $11.1m | $10.1m | |
| Net PPE | — | — | — | — | $33.3m | $41.8m | $24.4m | $23.5m | |
| Net Tangible Assets | — | — | — | — | $336.9m | $249.9m | $116.5m | $127.6m | |
| Ordinary Shares Number | — | — | — | — | $974.5m | $992.6m | $1.0b | $986.9m | |
| Other Equity Adjustments | — | — | — | — | ($5.9m) | ($5.3m) | ($4.9m) | ($5.3m) | |
| Other Non Current Liabilities | — | — | — | — | $615k | $174k | — | — | |
| Other Payable | — | — | — | — | $56.0m | $42.8m | $36.4m | $28.8m | |
| Other Properties | — | — | — | $13.8m | $30.9m | — | — | — | |
| Properties | — | — | — | — | $0 | $0 | $0 | $0 | |
| Share Issued | — | — | — | — | $988.6m | $1.0b | $1.0b | $989.5m | |
| Tangible Book Value | — | — | — | — | $336.9m | $249.9m | $116.5m | $127.6m | |
| Treasury Shares Number | — | — | — | — | $14.1m | $13.4m | $3.2m | $2.6m | |
| Working Capital | — | — | — | — | $189.1m | $102.4m | $29.2m | $32.9m | |
| Total non-current assets | $16.0m | $61.6m | $48.1m | $59.2m | $171.9m | $186.5m | $100.8m | $107.6m | |
| Total non-current liabilities | — | — | $12.4m | $586k | $15.7m | $27.0m | $11.7m | $11.4m | |
| Total 36Kr Holdings Inc.'s shareholders' equity | ($485.6m) | $637.2m | $380.8m | $299.4m | $338.1m | $252.0m | $118.0m | $128.8m | |
| Total shareholders' equity | ($485.6m) | $643.9m | $389.0m | $307.3m | $345.4m | $261.9m | $118.2m | $129.1m | |
| Total Capitalization | — | — | — | — | $338.1m | $252.0m | $118.0m | $128.8m | |
| Total Debt | — | — | — | — | $56.3m | $45.7m | $29.6m | $39.5m | |
| Total Tax Payable | — | — | — | — | $10.9m | $5.9m | $2.6m | $4.1m | |
| Assets | $415.4m | $130.8m | $88.7m | $501.7m | $571.4m | $459.0m | $276.2m | $297.5m | |
| Total assets | $415.4m | $910.8m | $578.5m | $501.7m | $571.4m | $459.0m | $276.2m | $297.5m | |
| LIABILITIES AND EQUITY | |||||||||
| Current liabilities: | |||||||||
| Operating Lease, Liability, Current | — | — | $2.3m | $16.3m | $31.3m | $9.0m | $7.9m | $8.1m | |
| Accounts Payable, Current | $20.3m | $20.0m | $9.9m | $56.3m | $53.5m | $60.4m | $59.8m | $46.7m | |
| Operating Lease, Liability, Noncurrent | — | — | $1.9m | $586k | $15.1m | $26.8m | $11.7m | $11.4m | |
| Dividends Payable | $0 | $0 | $0 | $0 | — | — | — | — | |
| Accounts payable (including amounts of the consolidated variable interest entity ("VIE") and its subsidiaries without recourse to the primary beneficiary of RMB 59.84 million and RMB 46.69 million as of December 31, 2024 and 2025, respectively) | $20.3m | $139.3m | $64.6m | $56.3m | $53.5m | $60.4m | $59.8m | $46.7m | |
| Accrued liabilities and other payables (including amounts of the consolidated VIE and its subsidiaries without recourse to the primary beneficiary of RMB 11.15 million and RMB 8.39 million as of December 31, 2024 and 2025, respectively) | $5.2m | $33.3m | $13.6m | $17.5m | $27.6m | $25.2m | $15.1m | $12.3m | |
| Payables And Accrued Expenses | — | — | — | — | $142.8m | $125.0m | $106.7m | $87.9m | |
| Liabilities, Current | $84.7m | $38.3m | $27.1m | $193.9m | $210.3m | $170.1m | $146.2m | $157.0m | |
| Total current liabilities | $84.7m | $266.9m | $177.1m | $193.9m | $210.3m | $170.1m | $146.2m | $157.0m | |
| Other Liabilities, Noncurrent | — | — | — | — | $615k | $174k | — | — | |
| Long Term Debt And Capital Lease Obligation | — | — | — | — | $15.1m | $26.8m | $11.7m | $11.4m | |
| Pensionand Other Post Retirement Benefit Plans Current | — | — | — | — | $1.7m | $2.7m | $2.4m | $1.1m | |
| Liabilities | $84.7m | $38.3m | $29.1m | $194.5m | $226.0m | $197.1m | $157.9m | $168.4m | |
| Total liabilities | $84.7m | $266.9m | $189.6m | $194.5m | $226.0m | $197.1m | $157.9m | $168.4m | |
| Redeemable Noncontrolling Interest, Equity, Carrying Amount | $7.7m | — | — | — | — | — | — | — | |
| Stockholders’ equity: | |||||||||
| Common Stock, Value, Issued | $184k | — | — | — | — | — | — | — | |
| Additional Paid in Capital | — | $287.3m | $312.8m | $2.0b | $2.1b | $2.1b | $2.1b | $2.1b | |
| Retained Earnings (Accumulated Deficit) | ($486.0m) | ($195.1m) | ($251.1m) | ($1.7b) | ($1.7b) | ($1.8b) | ($1.9b) | ($1.9b) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $231k | ($439k) | ($1.2m) | ($9.0m) | ($5.9m) | ($5.3m) | ($4.9m) | ($5.3m) | |
| Treasury stock (US$ 0.0001 par value; 3,176,411 shares and 2,601,411 shares as of December 31, 2024 and 2025, respectively) | — | ($2.3m) | ($14.1m) | ($13.6m) | ($12.0m) | ($11.5m) | ($2.9m) | ($2.4m) | |
| Accumulated deficit | ($486.0m) | ($1.4b) | ($1.6b) | ($1.7b) | ($1.7b) | ($1.8b) | ($1.9b) | ($1.9b) | |
| Accumulated other comprehensive loss | $231k | ($3.1m) | ($7.9m) | ($9.0m) | ($5.9m) | ($5.3m) | ($4.9m) | ($5.3m) | |
| Capital Stock | — | — | — | — | $694k | $694k | $694k | $694k | |
| Gains Losses Not Affecting Retained Earnings | — | — | — | — | ($5.9m) | ($5.3m) | ($4.9m) | ($5.3m) | |
| Treasury Stock | — | — | — | — | $12.0m | $11.5m | $2.9m | $2.4m | |
| Stockholders' Equity Attributable to Parent | ($485.6m) | $91.5m | $58.4m | $299.4m | $338.1m | $252.0m | $118.0m | $128.8m | |
| Stockholders' Equity Attributable to Noncontrolling Interest | — | $968k | $1.2m | $7.9m | $7.3m | $9.9m | $236k | $280k | |
| Minority Interest | — | — | — | — | $7.3m | $9.9m | $236k | $280k | |
| Total Equity Gross Minority Interest | — | — | — | — | $345.4m | $261.9m | $118.2m | $129.1m | |
| Total Non Current Liabilities Net Minority Interest | — | — | — | — | $15.7m | $27.0m | $11.7m | $11.4m | |
| Liabilities and Equity | $415.4m | $130.8m | $88.7m | $501.7m | $571.4m | $459.0m | $276.2m | $297.5m | |
| Total liabilities and shareholders' equity | $415.4m | $910.8m | $578.5m | $501.7m | $571.4m | $459.0m | $276.2m | $297.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.