Zhihu Inc.

Zhihu Inc.

ZH
Zhihu Inc.US flagNew York Stock Exchange
3.04
USD
-0.07
- -
246.54MMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
8.19
14.51
29.69
35.48
42.11
39.47
- -
34.35
Basic EPS, GAAP
-12.27
-5.56
-13.03
-15.56
-8.46
-1.88
- -
-2.41
Free Cash Flow per Basic Share
-8.81
-2.64
-4.49
-10.98
-3.66
-3.1
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-48.12
-53.12
-63
-77.37
-87.33
-97.36
- -
-113.35
Tangible Book Value per Share
-49.19
-55.47
66.17
54.01
44.01
44.03
- -
48.05
Basic Weighted Avg Shares
82
93
100
102
100
91
- -
80
Sales/Revenue/Turnover
671
1,352
2,959
3,605
4,199
3,599
2,749
2,749
Operating Margin (%)
-157.86
-44.59
-46.99
-44.49
-25.54
-13.37
-13.86
-13.86
Depreciation Expense
20
20
21
25
19
22
25
- -
Net Income, GAAP
-1,004
-518
-1,299
-1,581
-844
-172
-193
-193
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
28.35
Profit Margin (%)
-149.77
-38.27
-43.89
-43.86
-20.09
-4.77
-7.02
-7.02
Working Capital
3,139
2,706
6,436
5,495
4,432
3,960
3,464
3,464
LT Debt
3
- -
82
43
4
2
16
16
Total Equity
-3,992
-5,144
6,738
5,694
4,702
4,196
3,875
3,875
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
202
130
56
LT Borrowings
- -
- -
- -
LT Finance Leases
27
20
16
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
263
269
270
Market Capitalization
2,421
2,952
1,836

Working Capital

FRC

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
5,126
4,872
4,732
Cash, Cash Equivalents & STI
4,610
4,372
4,240
Accounts Receivable, Net
357
326
358
Inventories
- -
- -
- -
Total Current Liabilities
1,473
1,321
1,268
Payables & Accruals
948
865
976
ST Debt
202
130
56
Deferred Revenue
205
193
186

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-56.46%
-7.64%
Free Cash Flow
- -
38.23%
50.01%
Net Income, GAAP
- -
11.74%
12.28%
Sales/Revenue/Turnover
- -
23.85%
-23.62%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
994
1,044
1,022
1,138
4,199
2024
961
934
845
859
3,599
2025
730
717
659
644
2,749

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-1.78
-2.76
-2.81
-1.07
-8.46
2024
-1.76
-0.89
-0.11
1.01
-1.88
2025
-0.12
0.9
-0.58
-2.66
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Yuan Zhou
Full Time Employees
1,887
Sector
Communication Services
Industry
Internet Content & Information
Address
A5 Xueyuan Road Beijing People's Republic of China 100083
IPO Date
Mar 26, 2021
Business
Zhihu Inc operates as a leading online content community platform primarily in China, providing a question-and-answer (Q&A) social media service where users generate content to find solutions, share knowledge, and inspire others. Founded in 2010 and headquartered in Beijing, the company offers a broad portfolio of products and services including online advertising; paid membership subscriptions; content monetization solutions; vocational training and proprietary high-margin courses tailored to evolving user demands; and technology, business support, consulting, and information marketing services. The platform hosts diverse content categories ranging from daily lifestyle choices to specialized knowledge and expert advice. Zhihu also holds audio-visual permits supporting its media and internet services. Recently, Zhihu achieved its first profitable quarter in Q4 2024, marked by significant operational improvements including AI integration to enhance content trustworthiness and platform efficiency, leading to reduced costs and increased gross margins. It has actively repurchased substantial shares under its repurchase programs totaling over $1 billion in Class A shares to strengthen shareholder value. Zhihu continues to expand its strategic partnerships, leveraging premium brand collaborations such as with TCL and Bvlgari, and plans to deepen the integration of its vocational training business within its community. With dual primary listings on the New York Stock Exchange (NYSE: ZH) and the Hong Kong Stock Exchange (HKEX: 2390), Zhihu remains focused on sustainable long-term growth through technology-driven innovation and community engagement. This comprehensive operational and strategic approach positions Zhihu as a prominent player in China's internet content and information sector.

Company News

APIChat
  • Zhihu Inc. (ZH) Q1 2026 Earnings Call Transcript

  • Zhihu Q1 Earnings Call Highlights

  • Zhihu Inc. Reports Unaudited First Quarter 2026 Financial Results

  • Zhihu Inc. Reports Unaudited First Quarter 2026 Financial Results

  • Zhihu Inc. Announces Change of Non-Executive Director

  • Zhihu Inc. Announces Change of Non-Executive Director

  • Zhihu Inc. to Report First Quarter 2026 Financial Results on June 3, 2026

  • Zhihu Inc. Publishes 2025 Environmental, Social and Governance Report

  • Zhihu Inc. Files Its 2025 Annual Report on Form 20-F

  • Zhihu: Has Growth Potential Even Though The AI Fallout Continues

  • Zhihu Q4 Earnings Call Highlights

  • Zhihu Inc. (ZH) Q4 2025 Earnings Call Transcript

  • Zhihu Inc. Reports Unaudited Fourth Quarter and Fiscal Year 2025 Financial Results

  • Zhihu (ZH) Expected to Announce Earnings on Wednesday

  • Zhihu Inc. to Report Fourth Quarter and Full Year 2025 Financial Results on March 25, 2026

  • Zhihu: Why It Could Be A Good Time To Get In

  • Zhihu's Business Faces Threat From AI Boom

  • Zhihu: Look Beyond Q3 Miss And Consider Depressed Valuations

  • Zhihu Inc. (ZH) Q3 2025 Earnings Call Transcript

  • Semtech Posts Mixed Q3 Results, Joins Zhihu, Nvidia And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session