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36Kr Holdings Inc. Financials

KRKR
Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2020 Currency USD FYE December

This page shows 36Kr Holdings Inc. (KRKR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI KRKR FY2020

FY2020 revealed a cost structure that stayed heavy as revenue shrank, while a receivables unwind softened cash burn.

The jump to a -72.2% net margin alongside only $2.6M of operating cash burn shows FY2020 was far more accounting-heavy than cash-heavy. That gap lines up with accounts receivable falling from $77.4M to $46.7M, suggesting previously booked sales were collected even as current-period monetization weakened.

Revenue fell to $59.3M from $94.2M, which left less scale to absorb overhead. At the same time, selling and admin expense rose to $32.6M from $18.8M, so the operating model looked less flexible rather than simply smaller.

The company still showed a near-3x current ratio, but near-term liquidity depended more on customer collections than on cash already on hand: cash was $9.3M against current liabilities of $27.1M. That makes working-capital execution unusually important, because receivables rather than cash were carrying much of the short-term balance-sheet load.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score pending refresh

We are recalculating 36Kr Holdings Inc.'s peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Altman Z-Score Distress
-3.97

36Kr Holdings Inc. scores -3.97, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($5.6M) relative to total liabilities ($29.1M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
1/7

36Kr Holdings Inc. passes 1 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality
0.06x

For every $1 of reported earnings, 36Kr Holdings Inc. generates $0.06 in operating cash flow (-$2.6M OCF vs -$42.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue
$59.3M
YoY-37.1%

36Kr Holdings Inc. generated $59.3M in revenue in fiscal year 2020. This represents a decrease of 37.1% from the prior year.

EBITDA
-$40.1M
YoY-1398.9%

36Kr Holdings Inc.'s EBITDA was -$40.1M in fiscal year 2020, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1398.9% from the prior year.

Net Income
-$42.8M
YoY-1050.5%

36Kr Holdings Inc. reported -$42.8M in net income in fiscal year 2020. This represents a decrease of 1050.5% from the prior year.

EPS (Diluted)
$-0.04
YoY+87.3%

36Kr Holdings Inc. earned $-0.04 per diluted share (EPS) in fiscal year 2020. This represents an increase of 87.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$3.0M
YoY+87.4%

36Kr Holdings Inc. generated -$3.0M in free cash flow in fiscal year 2020, representing cash available after capex. This represents an increase of 87.4% from the prior year.

Cash & Debt
$9.3M
YoY-63.4%

36Kr Holdings Inc. held $9.3M in cash against $0 in long-term debt as of fiscal year 2020.

Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
32.4%
YoY-9.6pp

36Kr Holdings Inc.'s gross margin was 32.4% in fiscal year 2020, indicating the percentage of revenue retained after direct costs. This is down 9.6 percentage points from the prior year.

Operating Margin
-69.1%
YoY-65.6pp

36Kr Holdings Inc.'s operating margin was -69.1% in fiscal year 2020, reflecting core business profitability. This is down 65.6 percentage points from the prior year.

Net Margin
-72.2%
YoY-68.3pp

36Kr Holdings Inc.'s net profit margin was -72.2% in fiscal year 2020, showing the share of revenue converted to profit. This is down 68.3 percentage points from the prior year.

Return on Equity
-73.4%
YoY-69.3pp

36Kr Holdings Inc.'s ROE was -73.4% in fiscal year 2020, measuring profit generated per dollar of shareholder equity. This is down 69.3 percentage points from the prior year.

Capital Allocation

R&D Spending
$5.9M
YoY+13.9%

36Kr Holdings Inc. invested $5.9M in research and development in fiscal year 2020. This represents an increase of 13.9% from the prior year.

Share Buybacks
$1.8M
YoY+437.3%

36Kr Holdings Inc. spent $1.8M on share buybacks in fiscal year 2020, returning capital to shareholders by reducing shares outstanding. This represents an increase of 437.3% from the prior year.

Capital Expenditures
$335K
YoY-49.7%

36Kr Holdings Inc. invested $335K in capex in fiscal year 2020, funding long-term assets and infrastructure. This represents a decrease of 49.7% from the prior year.

KRKR Income Statement

Metric Q4'20 Q4'19
Revenue N/A N/A
Cost of Revenue N/A N/A
Gross Profit N/A N/A
R&D Expenses N/A N/A
SG&A Expenses N/A N/A
Operating Income N/A N/A
Interest Expense N/A N/A
Income Tax N/A N/A
Net Income N/A N/A
EPS (Diluted) N/A N/A

KRKR Balance Sheet

Metric Q4'20 Q4'19
Total Assets $88.7M-32.2% $130.8M
Current Assets $81.3M-33.4% $122.0M
Cash & Equivalents $9.3M-63.4% $25.5M
Inventory N/A N/A
Accounts Receivable $46.7M-39.6% $77.4M
Goodwill N/A N/A
Total Liabilities $29.1M-24.2% $38.3M
Current Liabilities $27.1M-29.2% $38.3M
Long-Term Debt N/A N/A
Total Equity $58.4M-36.2% $91.5M
Retained Earnings -$251.1M-28.7% -$195.1M

KRKR Cash Flow Statement

Metric Q4'20 Q4'19
Operating Cash Flow N/A N/A
Capital Expenditures N/A N/A
Free Cash Flow N/A N/A
Investing Cash Flow N/A N/A
Financing Cash Flow N/A N/A
Dividends Paid N/A N/A
Share Buybacks N/A N/A

KRKR Financial Ratios

Metric Q4'20 Q4'19
Gross Margin N/A N/A
Operating Margin N/A N/A
Net Margin N/A N/A
Return on Equity N/A N/A
Return on Assets N/A N/A
Current Ratio 2.99-0.2 3.18
Debt-to-Equity 0.50+0.1 0.42
FCF Margin N/A N/A

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Frequently Asked Questions

36Kr Holdings Inc. (KRKR) reported $59.3M in total revenue for fiscal year 2020. This represents a -37.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

36Kr Holdings Inc. (KRKR) revenue declined by 37.1% year-over-year, from $94.2M to $59.3M in fiscal year 2020.

No, 36Kr Holdings Inc. (KRKR) reported a net income of -$42.8M in fiscal year 2020, with a net profit margin of -72.2%.

36Kr Holdings Inc. (KRKR) reported diluted earnings per share of $-0.04 for fiscal year 2020. This represents a 87.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

36Kr Holdings Inc. (KRKR) had EBITDA of -$40.1M in fiscal year 2020, measuring earnings before interest, taxes, depreciation, and amortization.

36Kr Holdings Inc. (KRKR) had a gross margin of 32.4% in fiscal year 2020, indicating the percentage of revenue retained after direct costs of goods sold.

36Kr Holdings Inc. (KRKR) had an operating margin of -69.1% in fiscal year 2020, reflecting the profitability of core business operations before interest and taxes.

36Kr Holdings Inc. (KRKR) had a net profit margin of -72.2% in fiscal year 2020, representing the share of revenue converted into profit after all expenses.

36Kr Holdings Inc. (KRKR) has a return on equity of -73.4% for fiscal year 2020, measuring how efficiently the company generates profit from shareholder equity.

36Kr Holdings Inc. (KRKR) generated -$3.0M in free cash flow during fiscal year 2020. This represents a 87.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

36Kr Holdings Inc. (KRKR) generated -$2.6M in operating cash flow during fiscal year 2020, representing cash generated from core business activities.

36Kr Holdings Inc. (KRKR) had $88.7M in total assets as of fiscal year 2020, including both current and long-term assets.

36Kr Holdings Inc. (KRKR) invested $335K in capital expenditures during fiscal year 2020, funding long-term assets and infrastructure.

36Kr Holdings Inc. (KRKR) invested $5.9M in research and development during fiscal year 2020.

Yes, 36Kr Holdings Inc. (KRKR) spent $1.8M on share buybacks during fiscal year 2020, returning capital to shareholders by reducing shares outstanding.

36Kr Holdings Inc. (KRKR) had a current ratio of 2.99 as of fiscal year 2020, which is generally considered healthy.

36Kr Holdings Inc. (KRKR) had a debt-to-equity ratio of 0.50 as of fiscal year 2020, measuring the company's financial leverage by comparing total debt to shareholder equity.

36Kr Holdings Inc. (KRKR) had a return on assets of -48.3% for fiscal year 2020, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2020 data, 36Kr Holdings Inc. (KRKR) had $9.3M in cash against an annual operating cash burn of $2.6M. This gives an estimated cash runway of approximately 43 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

36Kr Holdings Inc. (KRKR) has an Altman Z-Score of -3.97, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

36Kr Holdings Inc. (KRKR) has a Piotroski F-Score of 1 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

36Kr Holdings Inc. (KRKR) has an earnings quality ratio of 0.06x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

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