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36Kr Holdings Inc. Sponsored ADR
KRKR Communication Services Advertising Agencies
36Kr Holdings Inc. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $31.7 million, down 1.36% from fiscal 2024.
2.71
0.20
−6.87%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | 18 | 44 | 94 | 59 | 49 | 48 | 48 | 32 | 32 | 48 | +7.5% | — | — | — | — | |
| Gross margin, % | — | 49.59 | 53.09 | 41.99 | 32.42 | 59.33 | 57.26 | 53.51 | 48.62 | 57.69 | 53.51 | +8.1 pt | ||||||
| EBT | — | 2 | 8 | (1) | (42) | (14) | 3 | (13) | (20) | 2 | (13) | (1.7%) | ||||||
| EBT margin, % | — | 10.27 | 18.50 | (0.92) | (71.25) | (28.57) | 7.13 | (26.25) | (60.90) | 5.02 | (26.25) | (5.2) pt | ||||||
| Net income | — | 0 | 6 | (4) | (43) | (14) | 3 | (13) | (20) | 2 | (13) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | 0.47 | 74.41 | 127.90 | 29.08 | 23.95 | 23.16 | 23.04 | 15.24 | 14.98 | 23.04 | +54.0% | |||||
| Earnings | — | 0.00 | (20.04) | (166.00) | (21.00) | (6.80) | 1.60 | (6.00) | (8.88) | 0.75 | (6.00) | n/m | ||||||
| Cash flow | — | (0.05) | (11.35) | (31.00) | (1.29) | 14.74 | (0.36) | (8.27) | (2.18) | 1.25 | 4.60 | n/m | ||||||
| Capex | — | 0.00 | (4.15) | (0.93) | (0.18) | (0.16) | (0.12) | (0.37) | (0.03) | (0.01) | (0.82) | n/m | ||||||
| Free cash flow | — | (0.05) | (15.49) | (31.94) | (1.46) | 14.57 | (0.48) | (8.64) | (2.21) | 1.24 | 3.78 | n/m | ||||||
| Book value | — | 0.72 | (120.81) | 125.63 | 29.24 | 23.23 | 24.81 | 17.74 | 7.80 | 8.48 | 0.00 | +36.1% | ||||||
| Shares, m | — | 38 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | (30.2%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.2 | |||||
| P/S | — | 0.00 | 0.00 | 0.00 | 1.92 | 0.88 | 0.90 | 0.51 | 0.14 | 0.21 | 0.12 | 0.5 | ||||||
| P/B | — | 0.00 | 0.00 | 0.81 | 1.91 | 0.91 | 0.84 | 0.67 | 0.29 | 0.63 | 0.27 | 0.7 | ||||||
| EV/Sales | — | 0.00 | 0.00 | 0.00 | 1.42 | 0.21 | 0.36 | 0.20 | (0.11) | 0.01 | (0.23) | 0.2 | ||||||
| EV/FCF | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.21 | (0.68) | 0.07 | (1.42) | 0.2 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | (2) | (7) | (23) | (3) | 30 | (1) | (17) | (5) | 3 | 10 | n/m | |||||
| Capex | — | 0 | (2) | (1) | 0 | 0 | 0 | (1) | 0 | 0 | (2) | (12.1%) | ||||||
| Free cash flow | — | (2) | (9) | (24) | (3) | 30 | (1) | (18) | (5) | 3 | 8 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | 27 | 46 | 84 | 54 | 39 | 28 | 14 | 4 | 5 | 8 | (19.8%) | |||||
| Net debt | — | (22) | (28) | (38) | (32) | (33) | (26) | (15) | (11) | (13) | (17) | (6.3%) | ||||||
| Shareholders’ equity | — | 27 | (71) | 92 | 60 | 48 | 51 | 37 | 16 | 18 | 21 | (5.0%) | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | 0.00 | (19.40) | (127.68) | (39.13) | (16.68) | 4.01 | (16.98) | (36.81) | 3.89 | 0.00 | +3.9 pt | |||||
| ROIC | — | 0.00 | 0.00 | (3.76) | (92.93) | (61.16) | (16.33) | (38.03) | (136.09) | 19.04 | 0.00 | +19.0 pt | ||||||
| ROE | — | (1.12) | 16.59 | (1,122.66) | (56.47) | (25.89) | 6.59 | (28.79) | (71.11) | 9.03 | 0.00 | +10.2 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | 478 | 525 | 522 | 572 | 603 | 481 | 301 | 295 | — | (6.7%) | |||||
| Revenue/emp, $m | — | 0.00 | 0.09 | 0.18 | 0.11 | 0.09 | 0.08 | 0.10 | 0.11 | 0.11 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Dec 2023 · fundamentals updated 26 Oct 2026
36Kr Holdings Inc. Sponsored ADR vs peers in Advertising Agencies (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| EDHL Everbright Digital Holding Limited | $11.6M | — | — | — | — | — | — | — | Compare |
| WIMI WiMi Hologram Cloud Inc. | $8.8M | — (loss-making) | — (loss-making) | −52.14% (below 0%: shrinking) | −100.00% (below 0%: shrinking) | −106.37% (below 0%: shrinking) | 30.59% | 0.00% | Compare |
| TDIC Dreamland Limited | $7.5M | — | — | — | — | −345.84% (below 0%: shrinking) | — | — | Compare |
| YDKG Yueda Digital Holding | $5.5M | — (loss-making) | — (loss-making) | −93.87% (below 0%: shrinking) | n/m | +94.68% (above 0%: growing) | (159.11%) | 0.00% | Compare |
| BAOS Baosheng Media Group Holdings Limited | $5.3M | — | — (loss-making) | — | — | −165.95% (below 0%: shrinking) | 79.96% | 0.00% | Compare |
| KRKR 36Kr Holdings Inc. Sponsored ADR | $4.8M | — (loss-making) | — (loss-making) | +3.16% (above 0%: growing) | n/m | −99.56% (below 0%: shrinking) | 55.93% | (11.53%) | |
| CNET ZW Data Action Technologies Inc. | $3.3M | — (loss-making) | — | +18.98% (above 0%: growing) | n/m | −116.44% (below 0%: shrinking) | 7.21% | (58.44%) | Compare |
| CHR Cheer Holding, Inc. | $2.8M | 0.0× | — (loss-making) | +42.89% (above 0%: growing) | −11.70% (below 0%: shrinking) | +1.34% (above 0%: growing) | 72.56% | 43.62% | Compare |
| FCDH Forcendra Holding Limited | $2.6M | — | — | — | — | +51.31% (above 0%: growing) | — | — | Compare |
| Median of peers | $5.4M | — | — | −16.58% | — | −106.37% | 30.59% | 0.00% |