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Zhihu Inc. (ZH)
NYSE: ZH · Real-Time Price · USD
2.700
-0.130 (-4.59%)
Mar 26, 2026, 4:00 PM EDT - Market closed

Zhihu Income Statement

Millions CNY. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
2,7493,5994,1993,6052,959
Revenue Growth (YoY)
-23.62%-14.29%16.48%21.82%118.85%
Cost of Revenue
1,1011,4181,9031,7971,405
Gross Profit
1,6482,1812,2961,8081,554
Selling, General & Admin
1,5041,9292,4672,6482,325
Research & Development
525732.55901.45763.36619.59
Other Operating Expenses
126.34----
Total Operating Expenses
2,1552,6623,3683,4122,945
Operating Income
-507.29-481.08-1,072-1,604-1,391
Interest Income
303.41180.41200.37138.4890.48
Other Non-Operating Income (Expense)
30.41122.3244.16-98.956.79
Total Non-Operating Income (Expense)
333.81302.73244.5339.5397.27
Pretax Income
-173.47-178.36-827.7-1,564-1,293
Provision for Income Taxes
21.69-9.3911.8314.185.44
Net Income
-192.9-171.8-843.64-1,581-1,469
Minority Interest in Earnings
-2.262.844.112.75-
Net Income Attributable to Preferred Dividends
-----170.59
Net Income to Common
-192.9-171.8-843.64-1,581-1,469
Shares Outstanding (Basic)
809159810280
Shares Outstanding (Diluted)
809159810280
Shares Change (YoY)
-12.25%-84.76%488.77%26.92%267.91%
EPS (Basic)
-2.40-1.89-1.41-15.57-18.36
EPS (Diluted)
-2.40-1.89-1.41-15.57-18.36
Free Cash Flow
0-282.92-424.02-1,116-447.67
Free Cash Flow Per Share
--3.10-0.71-10.98-5.59
Gross Margin
59.94%60.60%54.68%50.16%52.51%
Operating Margin
-18.45%-13.37%-25.54%-44.49%-46.99%
Profit Margin
-7.10%-4.69%-19.99%-43.78%-43.89%
FCF Margin
0.00%-7.86%-10.10%-30.95%-15.13%
EBITDA
-507.29-459.14-1,047-1,579-1,369
EBITDA Margin
-18.45%-12.76%-24.94%-43.79%-46.27%
EBIT
-507.29-481.08-1,072-1,604-1,391
EBIT Margin
-18.45%-13.37%-25.54%-44.49%-46.99%
Effective Tax Rate
-12.50%5.27%-1.43%-0.91%-0.42%
Updated Mar 25, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.
SEC Filings: 10-K · 10-Q