Zhihu Inc. (ZH)
NYSE: ZH · Real-Time Price · USD
2.825
+0.015 (0.53%)
At close: Sep 11, 2026, 4:00 PM EDT
2.840
+0.015 (0.53%)
After-hours: Sep 11, 2026, 4:10 PM EDT
Zhihu Income Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 2,644 | 2,749 | 3,599 | 4,199 | 3,605 | 2,959 | |
Revenue Growth | -16.08% | -23.62% | -14.29% | 16.48% | 21.82% | 118.85% |
Cost of Revenue | 1,114 | 1,101 | 1,418 | 1,903 | 1,797 | 1,405 |
Gross Profit | 1,530 | 1,648 | 2,181 | 2,296 | 1,808 | 1,554 |
Selling, General & Admin | 1,450 | 1,504 | 1,929 | 2,467 | 2,648 | 2,325 |
Research & Development | 456.13 | 525 | 732.55 | 901.45 | 763.36 | 619.59 |
Operating Expenses | 1,906 | 2,029 | 2,662 | 3,368 | 3,412 | 2,945 |
Operating Income | -376.14 | -380.94 | -481.08 | -1,072 | -1,604 | -1,391 |
Interest & Investment Income | 177.65 | 303.41 | 180.41 | 200.37 | 138.48 | 90.48 |
Currency Exchange Gain (Loss) | -0.28 | -0.23 | 1.01 | 0.1 | 71.75 | -16.67 |
Other Non Operating Income (Expenses) | 13.14 | 30.64 | 121.31 | 44.07 | -170.7 | 23.46 |
EBT Excluding Unusual Items | -185.62 | -47.13 | -178.36 | -827.7 | -1,564 | -1,293 |
Impairment of Goodwill | -126.34 | -126.34 | - | - | - | - |
Other Unusual Items | - | - | - | - | - | -170.59 |
Pretax Income | -311.97 | -173.47 | -178.36 | -827.7 | -1,564 | -1,464 |
Income Tax Expense | -8.52 | 21.69 | -9.39 | 11.83 | 14.18 | 5.44 |
Earnings From Continuing Operations | -303.45 | -195.16 | -168.97 | -839.53 | -1,578 | -1,469 |
Minority Interest in Earnings | 2.24 | 2.26 | -2.84 | -4.11 | -2.75 | - |
Net Income | -301.22 | -192.9 | -171.8 | -843.64 | -1,581 | -1,469 |
Net Income to Common | -301.22 | -192.9 | -171.8 | -843.64 | -1,581 | -1,469 |
Net Income Growth | - | - | - | - | - | - |
Shares Outstanding (Basic) | 78 | 80 | 91 | 100 | 102 | 80 |
Shares Outstanding (Diluted) | 78 | 80 | 91 | 100 | 102 | 80 |
Shares Change | -8.95% | -12.25% | -8.55% | -1.87% | 26.92% | 267.91% |
EPS (Basic) | -3.86 | -2.41 | -1.88 | -8.46 | -15.56 | -18.35 |
EPS (Diluted) | -3.86 | -2.41 | -1.89 | -8.46 | -15.57 | -18.36 |
EPS Growth | - | - | - | - | - | - |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | - | -364.92 | -282.92 | -424.02 | -1,116 | -447.67 |
Free Cash Flow Per Share | - | -4.56 | -3.10 | -4.25 | -10.98 | -5.59 |
Gross Margin | 57.87% | 59.94% | 60.60% | 54.68% | 50.16% | 52.51% |
Operating Margin | -14.22% | -13.86% | -13.37% | -25.54% | -44.49% | -46.99% |
Profit Margin | -11.39% | -7.02% | -4.77% | -20.09% | -43.86% | -49.66% |
Free Cash Flow Margin | - | -13.28% | -7.86% | -10.10% | -30.95% | -15.13% |
EBITDA | -357.13 | -361.94 | -459.14 | -1,047 | -1,579 | -1,369 |
EBITDA Margin | -13.51% | -13.17% | -12.76% | -24.94% | -43.79% | -46.27% |
D&A For EBITDA | 19.01 | 19 | 21.95 | 24.89 | 25.21 | 21.45 |
EBIT | -376.14 | -380.94 | -481.08 | -1,072 | -1,604 | -1,391 |
EBIT Margin | -14.22% | -13.86% | -13.37% | -25.54% | -44.49% | -46.99% |
Advertising Expenses | - | 570.3 | 350.4 | 721.9 | 967.4 | 782.6 |