Zhihu Inc.

Zhihu Inc.

ZH
Zhihu Inc.US flagNew York Stock Exchange
3.46
USD
-0.05
- -
272.92MMarket Cap
Zhihu Inc.
ZH
(New York Stock Exchange)

Recent

price

3.46

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
TTM
FRC
8.19
14.51
29.69
35.48
42.11
39.47
34.36
33.89
Revenue per Share
-12.27
-5.56
-13.03
-15.56
-8.46
-1.88
-2.41
-3.86
Basic EPS, GAAP
-8.81
-2.64
-4.49
-10.98
-3.66
-3.1
-5.3
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-14.28
-18.41
22.51
17.87
15.06
15.79
14.1
14.11
Book Value per Share
-14.41
-18.49
22.03
17.22
14.03
15.1
13.99
14.01
Tangible Book Value per Share
82
93
100
102
100
91
80
78
Basic Weighted Avg Shares
671
1,352
2,959
3,605
4,199
3,599
2,749
2,644
Sales/Revenue/Turnover
-157.86
-44.59
-46.99
-44.49
-25.54
-13.37
-13.86
-14.23
Operating Margin (%)
20
20
21
25
19
22
25
- -
Depreciation Expense
-1,004
-518
-1,299
-1,581
-844
-172
-193
-301
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-149.77
-38.27
-43.89
-43.86
-20.09
-4.77
-7.02
-11.39
Profit Margin (%)
3,139
2,706
6,436
5,495
4,432
3,960
3,464
3,551
Working Capital
3
- -
82
43
4
2
16
5
LT Debt
-3,992
-5,144
6,738
5,694
4,702
4,196
3,875
3,737
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
-25.53
-16.46
-3.93
-4.86
-7.72
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
56
18
122
LT Borrowings
- -
- -
- -
LT Finance Leases
16
9
5
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
270
265
260
Market Capitalization
6,192
5,200
5,522

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,732
4,798
4,849
Cash, Cash Equivalents & STI
4,240
4,280
4,305
Accounts Receivable, Net
358
390
408
Inventories
26
- -
25
Total Current Liabilities
1,268
1,268
1,299
Payables & Accruals
976
915
930
ST Debt
56
18
122
Deferred Revenue
186
222
208

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
2024
961
934
845
859
3,599
2025
730
717
659
644
2,749
2026
652
690
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1.76
-0.89
-0.11
1.01
-1.88
2025
-0.12
0.9
-0.58
-2.66
-2.41
2026
-0.11
-0.49
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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

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  • Zhihu Inc. to Hold Extraordinary General Meeting on October 20, 2026

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  • Zhihu: Move Past The Revenue Shortfall

  • Zhihu Inc. (ZH) Q2 2026 Earnings Call Transcript

  • Zhihu Q2 Earnings Call Highlights

  • Zhihu Inc. Reports Unaudited Second Quarter 2026 Financial Results

  • Zhihu Inc. to Report Second Quarter 2026 Financial Results on August 26, 2026

  • Zhihu Inc. Announces Results of the Annual General Meeting

  • Zhihu: Has Much Potential Yet To Be Unlocked

  • Zhihu: Trapped Between Structural Erosion And Fundamental Pivots

  • Zhihu Inc. to Hold Annual General Meeting on June 30, 2026

  • 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