KRKR

36KrB

Nasdaq / Media & Entertainment

At close

2026-07-22

Current thesis

Primary company evidence improved: 36Kr reported FY2025 net income of RMB11.4 million versus a FY2024 net loss, 2H25 gross margin reached 60.0%, and cash plus short-term investments rose to RMB116.1 million. If the next report shows those gains were not one-off, upside can be meaningful from a $2.62 anchor price despite low coverage [#IR-2026-03-17].

Posture

Constructive

Lead driver

Value

What changed

Value remains the lead driver in the composite, 7D delta +0.1.

What can break

At roughly $5.3 million market cap, liquidity and volatility risk are inherently high even if operations stabilize.

Momentum

Value

Sentiment

Setup hits (3d)

0 · Net Neutral

AI TargetsBase $2.40 · Bull $3.80 · Bear $1.30

Data freshness

Prices

As of 2026-07-22

Fundamentals

As of 2026-07-22 • Vendor: Data Vendor v1

Scores

As of 2026-07-22 • Model: HYBRID_IC_RP

AI Memo

As of 2026-07-02 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-07-22

Supporting evidence

What

Grade B · Constructive

Confidence Medium · Net Neutral

Target $25.32

Why

Momentum69 · Δ7d -

Value72 · Δ7d +0.1

Sentiment26 · Δ7d -

So what

Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.

Lead driver: Value · See fundamentals

Momentum

26% active weight

Current posture

7d trendTrend unavailable

Trend unavailable

Δ7d

Δ21d

Value

39% active weight

Current posture

7d trendFlat

Δ7d

+0.1

Δ21d

+0.4

Sentiment

34% active weight

Current posture

7d trendTrend unavailable

Trend unavailable

Δ7d

Δ21d

Why this grade

Composite grade B. Momentum 68.6 / Value 72.3 / Sentiment 25.6

Fundamentals (TTM)

As of 2026-07-22

Market Cap

$6.16M

Beta

0.73

Shares Out

1.81M

P/E (TTM) · Derived

4.6

P/S (TTM)

0.26

P/FCF (TTM)

Rev YoY

-9.0%

EPS YoY

+94.8%

Gross Margin

+57.7%

Op Margin

-4.5%

Net Debt

-$10.97M

Current Ratio

1.21

As of 2026-07-22 • Updated nightlySource: Internal modelMethodology