← 36Kr Holdings Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | $40.5m | ($3.7m) | ($42.8m) | ($90.6m) | $22.6m | ($89.2m) | ($140.8m) | $11.4m | $11.4m | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | ($80.6m) |
($850.4m)
-955.57%
|
($280.2m)
+67.05%
|
($89.6m)
+68.04%
|
$21.9m
+124.50%
|
($90.0m)
-510.06%
|
($136.6m)
-51.84%
|
$11.2m
+108.17%
|
— | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | $0 | ($22k) | ($136k) | ($1.0m) | $694k | $733k | ($4.2m) | $262k | — | |
| Amortization of Intangible Assets | — | $18k | $5k | $8k | $96k | $150k | $266k | $368k | $311k | — | |
| Depreciation | — | $1.6m | $603k | $850k | $2.6m | $1.8m | $1.7m | $2.2m | $1.9m | $10.1m | |
| Depreciation of property and equipment | $487k | $1.6m | $4.2m | $5.5m | $2.6m | $1.8m | $1.7m | $2.2m | $1.9m | $10.4m | |
| Amortization Cash Flow | — | — | — | — | — | $150k | $266k | $368k | $311k | — | |
| Amortization Of Intangibles | — | — | — | — | — | $150k | $266k | $368k | $311k | $311k | |
| Depreciation Amortization Depletion | — | — | — | — | — | $15.5m | $13.2m | $10.2m | $10.4m | $10.4m | |
| Deferred Income Tax Expense (Benefit) | — | ($252k) | ($443k) | $520k | ($53k) | — | — | — | — | $0 | |
| Deferred Income Tax | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Deferred Tax | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Share-based Payment Arrangement, Noncash Expense | — | $5.1m | $13.1m | $6.0m | $15.0m | $13.9m | $4.7m | ($178k) | $13k | $13k | |
| Share-based compensation expenses/(gain) | $4.9m | $5.1m | $91.2m | $39.3m | $15.0m | $13.9m | $4.7m | ($178k) | $13k | $13k | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | $0 | $0 | $0 | $0 | $44.5m | — | — | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | — | $44.5m | $44.5m | — | |
| Goodwill, Impairment Loss | — | — | — | $214k | — | — | — | — | — | $0 | |
| Asset Impairment Charge | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | — | — | — | ($700k) | — | — | — | |
| Income (Loss) from Equity Method Investments | — | ($2.8m) | — | ($3.6m) | ($5.5m) | $51k | ($523k) | ($3.7m) | ($723k) | — | |
| Other Nonoperating Income (Expense) | — | $3.2m | $184k | $503k | $3.3m | $8.1m | $7.7m | $1.6m | $676k | — | |
| Share of loss from equity method investments | $549k | $2.8m | $0 | $23.5m | $5.5m | ($51k) | $523k | $3.7m | $723k | — | |
| Prepayment of an equity investment | ($3.5m) | — | ($42.4m) | — | ($30.9m) | — | — | ($1.0m) | — | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | ($51k) | $523k | $3.7m | $723k | $723k | |
| Changes in operating assets and liabilities: | |||||||||||
| Change In Working Capital | — | — | — | — | — | $26.3m | ($84.1m) | ($508k) | ($6.3m) | ($6.3m) | |
| Increase (Decrease) in Accounts Receivable | — | $121.5m | $52.5m | ($16.6m) | ($241.5m) | ($6.9m) | $38.8m | ($24.8m) | $3.2m | ($3.4m) | |
| Accounts receivable | ($60.8m) | ($121.5m) | ($365.8m) | $108.2m | $241.5m | $6.9m | ($38.8m) | $24.8m | ($3.2m) | ($3.4m) | |
| Receivables due from related parties | ($2.1m) | ($8.7m) | $6.4m | $4.5m | ($1.8m) | ($608k) | $676k | ($16k) | ($166k) | — | |
| Change In Receivables | — | — | — | — | — | $6.3m | ($38.1m) | $24.8m | ($3.4m) | ($3.4m) | |
| Changes In Account Receivables | — | — | — | — | — | $6.9m | ($38.8m) | $24.8m | ($3.2m) | ($3.4m) | |
| Increase (Decrease) in Accounts Payable | — | $9.8m | $17.1m | ($11.3m) | ($8.4m) | ($2.8m) | $6.9m | $712k | ($13.0m) | ($13.0m) | |
| Accounts payable | $10.5m | $9.8m | $119.1m | ($73.6m) | ($8.4m) | ($2.8m) | $6.9m | $712k | ($13.0m) | ($13.0m) | |
| Salary and welfare payables | $9.9m | $24.6m | $14.6m | ($5.2m) | $10.2m | ($3.6m) | ($16.1m) | ($3.7m) | ($6.7m) | — | |
| Accrued liabilities and other payables | $8.0m | ($2.9m) | $17.5m | $1.9m | $3.8m | $8.1m | ($5.1m) | ($7.6m) | ($1.8m) | ($1.8m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | ($1.2m) | ($19.0m) | ($13.5m) | ($18.9m) | ($13.0m) | |
| Deferred revenue | $3.5m | $681k | $3.9m | $10.7m | $10.0m | ($3.7m) | ($1.6m) | ($846k) | $20.6m | — | |
| Change In Accrued Expense | — | — | — | — | — | $8.1m | ($5.1m) | ($7.6m) | ($1.8m) | ($1.8m) | |
| Prepayments and other current assets | ($5.2m) | ($7.0m) | ($34.5m) | $23.7m | $51k | $26.0m | $60k | ($3.0m) | $4.6m | — | |
| Change In Other Current Liabilities | — | — | — | — | — | ($1.2m) | ($25.4m) | ($7.9m) | ($9.2m) | ($9.2m) | |
| Net Cash Provided by (Used in) Operating Activities | ($11.4m) |
($45.6m)
-298.44%
|
($22.8m)
+49.93%
|
($2.6m)
+88.50%
|
$195.0m
+7527.09%
|
($5.0m)
-102.56%
|
($122.2m)
-2348.65%
|
($33.0m)
+73.00%
|
$19.0m
+157.62%
|
$19.0m
0.00%
|
|
| Cash flows from investing activities: | |||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | ($16k) | ($73k) | ($25k) | ($42k) | ($294k) | ($33k) | $8k | |
| Payments to Acquire Property, Plant, and Equipment | ($392k) | $16.4m | $666k | $335k | $1.7m | $1.1m | $5.4m | $444k | $149k | ($149k) | |
| Unrealized Gain (Loss) on Investments | — | $3.5m | $264k | $73k | $670k | $618k | $235k | $58k | $529k | ($529k) | |
| Fair value changes of short-term investments | ($334k) | ($3.5m) | ($1.8m) | ($474k) | ($670k) | ($618k) | ($235k) | ($58k) | ($529k) | — | |
| Investment in long-term investments | — | — | — | — | ($30.9m) | ($39.0m) | ($9.5m) | ($4.0m) | ($11.6m) | — | |
| Purchase of short-term investments | ($130.0m) | ($544.6m) | ($817.5m) | ($614.0m) | ($659.2m) | ($457.5m) | ($380.5m) | ($245.8m) | ($273.3m) | — | |
| Proceeds from maturities of short-term investments | $28.0m | $505.0m | $878.4m | $552.4m | $689.1m | $535.0m | $345.9m | $265.5m | $326.8m | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | $66k | — | — | — | — | — | $0 | |
| Net Other Investing Changes | — | — | — | — | — | $8.2m | $68.8m | $16.0m | $3.0m | $3.0m | |
| Net Cash Provided by (Used in) Investing Activities | — | ($56.3m) | $1.4m | ($9.9m) | ($158.0m) | $43.3m | $20.2m | $32.5m | $48.0m | $48.0m | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | $9.9m | $14.9m | $10.0m | $29.9m | $29.9m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | $5.0m | $0 | $50k | $9.9m | $9.9m | |
| Net Short Term Debt Issuance | — | — | — | — | — | $5.0m | $0 | $50k | $9.9m | $9.9m | |
| Short Term Debt Issuance | — | — | — | — | — | $9.9m | $14.9m | $10.0m | $29.9m | $29.9m | |
| Repayment Of Debt | — | — | — | — | — | ($5.0m) | ($14.9m) | ($9.9m) | ($20.0m) | ($20.0m) | |
| Short Term Debt Payments | — | — | — | — | — | ($5.0m) | ($14.9m) | ($9.9m) | ($20.0m) | ($20.0m) | |
| Repurchase Of Capital Stock | — | — | — | — | ($5.8m) | $0 | $0 | — | — | $0 | |
| Net Common Stock Issuance | — | — | — | — | ($5.8m) | $0 | $0 | — | — | $0 | |
| Common Stock Payments | — | — | — | — | ($5.8m) | $0 | $0 | — | — | $0 | |
| Dividends Payable | — | $0 | $0 | $0 | $0 | — | — | — | — | — | |
| Net Other Financing Charges | — | — | — | — | — | $174k | $481k | ($3.7m) | ($202k) | ($202k) | |
| Net Cash Provided by (Used in) Financing Activities | $163.0m |
$104.7m
-35.75%
|
$40.0m
-61.82%
|
($5.0m)
-112.59%
|
($23k)
+99.54%
|
$5.1m
+22378.26%
|
$481k
-90.61%
|
($3.6m)
-849.90%
|
$9.7m
+370.28%
|
$9.7m
0.00%
|
|
| Net (decrease)/increase in cash, cash equivalents and restricted cash | $45.6m | $3.3m | $128.9m | ($117.0m) | $36.1m | $45.6m | ($101.1m) | ($3.9m) | $76.6m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $3.3m | $18.5m | ($17.9m) | $36.1m | $45.6m | ($101.1m) | ($3.9m) | $76.6m | $114.1m | |
| Beginning Cash Position | — | — | — | — | — | $97.0m | $142.6m | $41.5m | $37.6m | $37.6m | |
| Cash, cash equivalents and restricted cash at beginning of the year | $45.6m | $49.0m | $177.9m | $60.8m | $97.0m | $142.6m | $41.5m | $37.6m | $114.1m | — | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $501k | ($54k) | ($426k) | ($822k) | $2.2m | $362k | $245k | ($227k) | ($227k) | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash held in foreign currencies | — | $501k | ($376k) | ($2.8m) | ($822k) | $2.2m | $362k | $245k | ($227k) | ($227k) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $7.0m | $25.6m | $9.3m | $97.0m | $142.6m | $41.5m | $37.6m | $114.1m | $114.1m | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Income Tax Expense (Benefit) | — | $14.8m | $2.9m | $577k | $102k | $361k | ($42k) | $64k | $21k | — | |
| Additional Financial Items | |||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | — | $275k | ($6k) | ($16k) | ($68k) | $3k | ($21k) | $24k | ($25k) | — | |
| General and Administrative Expense | — | $24.1m | $18.8m | $32.6m | $90.6m | $52.1m | $107.0m | $93.1m | $42.4m | — | |
| Operating Expenses | — | $113.2m | $42.8m | $60.2m | $282.0m | $229.2m | $276.2m | $190.1m | $121.5m | — | |
| Proceeds from Stock Options Exercised | — | — | — | $1k | $7k | — | — | $18k | $1k | — | |
| Net (loss)/income | $7.9m | $40.5m | ($25.9m) | ($279.3m) | ($90.6m) | $22.6m | ($89.2m) | ($140.8m) | $11.4m | — | |
| Allowance for credit losses | — | $2.6m | $10.0m | $127.1m | $9.9m | ($28.7m) | $28.2m | $32.5m | $3.9m | — | |
| Exchange losses/(gains) | — | ($275k) | $40k | $104k | $68k | ($3k) | $21k | ($24k) | $25k | — | |
| Long-term investment loss/(income), net | — | — | — | — | — | ($16.0m) | $8.1m | $62.8m | ($418k) | — | |
| Disposal gain on subsidiaries | — | — | ($11.5m) | — | — | ($38.0m) | ($3.4m) | ($839k) | ($355k) | — | |
| Taxes payable | $9.2m | $7.4m | $18.4m | ($16.5m) | ($6.0m) | ($2.0m) | ($4.7m) | ($3.4m) | $1.4m | — | |
| Amounts due to related parties | $798k | $1.2m | ($2.0m) | $548k | $780k | ($1.0m) | ($51k) | $528k | $1.2m | — | |
| Lease liabilities | — | — | — | ($15.4m) | ($12.6m) | ($1.2m) | ($25.4m) | ($7.9m) | ($9.2m) | — | |
| Purchase of intangible assets | — | ($273k) | ($137k) | ($164k) | ($433k) | ($591k) | ($22k) | ($42k) | — | — | |
| Cash received from customer in relation to advertisement agent services | — | — | — | — | $26.3m | $70.2m | $68.8m | $16.0m | $3.0m | — | |
| Net cash upon disposal of subsidiaries | — | — | — | — | — | — | $85k | ($3.0m) | $198k | — | |
| Cash paid to acquire subsidiaries | — | — | — | — | — | ($1.7m) | — | ($188k) | — | — | |
| Cash received from disposal of equity investees | — | — | — | — | — | — | $742k | $5.5m | $3.0m | — | |
| Proceeds from bank loan | — | — | — | — | $10.0m | $9.9m | $14.9m | $10.0m | $29.9m | — | |
| Repayment of bank loan | — | — | — | — | ($5.0m) | ($5.0m) | ($14.9m) | ($9.9m) | ($20.0m) | — | |
| Proceeds from employee options exercised | — | — | — | $8k | $7k | — | — | $18k | $1k | — | |
| Capital injection from non-controlling interest shareholders | — | — | $6.9m | $520k | $750k | $174k | $255k | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | $5.1m | $481k | ($3.6m) | $9.7m | $9.7m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | $43.3m | $20.2m | $32.5m | $48.0m | $48.0m | |
| Change In Account Payable | — | — | — | — | — | ($2.8m) | $6.9m | $712k | ($13.0m) | ($13.0m) | |
| Change In Income Tax Payable | — | — | — | — | — | ($2.0m) | ($4.7m) | ($3.4m) | $1.4m | $1.4m | |
| Change In Other Working Capital | — | — | — | — | — | ($3.7m) | ($1.6m) | ($846k) | $20.6m | $20.6m | |
| Change In Payable | — | — | — | — | — | ($9.4m) | ($14.0m) | ($5.9m) | ($17.1m) | ($13.0m) | |
| Change In Prepaid Assets | — | — | — | — | — | $26.0m | $60k | ($3.0m) | $4.6m | $4.6m | |
| Change In Tax Payable | — | — | — | — | — | ($2.0m) | ($4.7m) | ($3.4m) | $1.4m | $1.4m | |
| Changes In Cash | — | — | — | — | — | $43.4m | ($101.5m) | ($4.1m) | $76.8m | $76.8m | |
| End Cash Position | — | — | — | — | — | $142.6m | $41.5m | $37.6m | $114.1m | $114.1m | |
| Financing Cash Flow | — | — | — | — | — | $5.1m |
$481k
-90.61%
|
($3.6m)
-849.90%
|
$9.7m
+370.28%
|
$9.7m
0.00%
|
|
| Free Cash Flow | — | — | — | — | — | ($6.6m) | ($127.6m) | ($33.5m) | $18.9m | $18.9m | |
| Gain Loss On Investment Securities | — | — | — | — | — | ($16.0m) | $8.1m | $62.8m | ($418k) | ($418k) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | ($38.0m) | ($3.4m) | ($839k) | ($355k) | ($355k) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | $25k | $42k | $294k | $33k | $33k | |
| Investing Cash Flow | — | — | — | — | — | $43.3m | $20.2m | $32.5m | $48.0m | $48.0m | |
| Net Business Purchase And Sale | — | — | — | — | — | ($1.7m) | $827k | $1.3m | $3.2m | $3.2m | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | ($3k) | $21k | ($24k) | $25k | $25k | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | ($591k) | ($22k) | ($42k) | $0 | $0 | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($1.1m) | ($5.4m) | ($444k) | ($89k) | ($89k) | |
| Operating Gains Losses | — | — | — | — | — | ($54.0m) | $5.3m | $65.9m | $8k | $8k | |
| Other Non Cash Items | — | — | — | — | $15.5m | $13.6m | — | — | — | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $0 | $0 | $18k | $1k | $1k | |
| Provisionand Write Offof Assets | — | — | — | — | — | ($28.7m) | $28.2m | $32.5m | $3.9m | $3.9m | |
| Purchase Of Business | — | — | — | — | — | ($1.7m) | $0 | ($4.2m) | $0 | $0 | |
| Purchase Of Intangibles | — | — | — | — | — | ($591k) | ($22k) | ($42k) | $0 | $0 | |
| Purchase Of PPE | — | — | — | — | — | ($1.1m) | ($5.4m) | ($444k) | ($149k) | ($149k) | |
| Sale Of Business | — | — | — | — | — | $0 | $827k | $5.5m | $3.2m | $3.2m | |
| Sale Of PPE | — | — | — | — | — | — | $0 | $0 | $60k | $60k | |
| Stock Based Compensation | — | — | — | — | — | $13.9m | $4.7m | ($178k) | $13k | $13k | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | ($618k) | ($235k) | ($58k) | ($529k) | ($529k) | |
| Net Investment Purchase And Sale | — | — | — | — | — | $38.5m | ($44.1m) | $15.7m | $41.9m | $41.9m | |
| Purchase Of Investment | — | — | — | — | — | ($496.5m) | ($390.0m) | ($249.8m) | ($284.9m) | ($284.9m) | |
| Sale Of Investment | — | — | — | — | — | $535.0m | $345.9m | $265.5m | $326.8m | $326.8m | |
| Proceeds from Noncontrolling Interests | — | — | $990k | $80k | $750k | $174k | $255k | — | — | — | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | $45.6m | ($101.1m) | ($3.9m) | $76.6m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | ($6k) | $92k | $11k | — | $0 | ($1.7m) | — | — | ($202k) | — | |
| Income Taxes Paid, Net | ($313k) | $11.9m | $2.5m | $2.1m | $306k | $171k | $93k | $206k | $30k | — |