Kanzhun (BZ) Research & Development (2020 - 2026)
Kanzhun (BZ) posted Research & Development of -$61.4 billion for Q1 2026, down 5.83% sequentially from -$58.1 billion in Q4 2025, and down 105156.21% YoY from N/an in Q1 2025.
Analysis
Kanzhun (BZ) Research & Development (2020 - 2026) Analysis & Trends
Kanzhun has reported Research & Development for 7 years, with the latest figure at -$61.4 billion in Q1 2026.
- Quarterly Research & Development fell 105156.21% year-over-year to -$61.4 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$234.9 billion (down 25.21% YoY) and the FY2025 annual result came in at $242.1 million, down 14.74% from the prior year.
- Research & Development eased to -$61.4 billion in Q1 2026 per BZ's latest filing, from -$58.1 billion in the prior quarter.
- Over five years, Research & Development peaked at $16.0 million in Q4 2023 and troughed at -$66.1 billion in Q3 2024.
- A 5-year average of -$33.7 billion and a median of -$50.5 billion in 2023 frame the typical range for Research & Development.
- The sharpest annual moves came in 2023 and 2024: Research & Development soared 128.79% in 2023, then slumped 376380.17% in 2024.
- Over 5 years, Research & Development stood at -$42.6 billion in 2022, then surged by 100.04% to $16.0 million in 2023, then plunged by 376380.17% to -$60.3 billion in 2024, then advanced by 3.77% to -$58.1 billion in 2025, then declined by 5.83% to -$61.4 billion in 2026.
- According to Business Quant data, Research & Development over the past three periods registered -$61.4 billion, -$58.1 billion, and -$57.3 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 18.22 Bn |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 21.66 Bn |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 468.43 Mn |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | 191.00 Mn |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 231.28 Mn | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | -148.13 Mn |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | -35.00 Mn |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | 451.01 Mn | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 158.25 Mn |
| 10 | Kanzhun | 7.83 Bn | 5.52 Bn | 306.38 Bn | -63.45 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -63.45 Bn |
| Mar 31, 2026 | -61.44 Bn |
| Dec 31, 2025 | -58.05 Bn |
| Sep 30, 2025 | -57.31 Bn |
| Jun 30, 2025 | -58.08 Bn |
| Mar 31, 2025 | -58.37 Mn |
| Dec 31, 2024 | -60.33 Bn |
| Sep 30, 2024 | -66.14 Bn |
| Jun 30, 2024 | -61.06 Bn |
| Mar 31, 2024 | -27,400.00 |
| Dec 31, 2023 | -59.74 Bn |
| Sep 30, 2023 | -57.29 Bn |
| Jun 30, 2023 | -50.46 Bn |
| Mar 31, 2023 | -48.69 Bn |
| Dec 31, 2022 | -42.64 Bn |
| Sep 30, 2022 | -40.80 Mn |
| Jun 30, 2022 | -45.94 Mn |
| Mar 31, 2022 | -45.86 Mn |
| Dec 31, 2021 | -31.22 Mn |
| Sep 30, 2021 | -32.49 Mn |