Zhihu Inc. (ZH)
NYSE: ZH · Real-Time Price · USD
3.310
-0.010 (-0.30%)
At close: Apr 28, 2026, 4:00 PM EDT
3.260
-0.050 (-1.51%)
After-hours: Apr 28, 2026, 7:29 PM EDT

Zhihu Income Statement

Millions CNY. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 2020 - 2019
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 2020 - 2019
Revenue
2,7493,5994,1993,6052,959
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Revenue Growth (YoY)
-23.62%-14.29%16.48%21.82%118.85%
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Cost of Revenue
1,1011,4181,9031,7971,405
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Gross Profit
1,6482,1812,2961,8081,554
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Selling, General & Admin
1,5041,9292,4672,6482,325
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Research & Development
525732.55901.45763.36619.59
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Operating Expenses
2,0292,6623,3683,4122,945
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Operating Income
-380.94-481.08-1,072-1,604-1,391
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Interest & Investment Income
303.41180.41200.37138.4890.48
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Currency Exchange Gain (Loss)
-0.231.010.171.75-16.67
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Other Non Operating Income (Expenses)
30.64121.3144.07-170.723.46
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EBT Excluding Unusual Items
-47.13-178.36-827.7-1,564-1,293
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Impairment of Goodwill
-126.34----
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Other Unusual Items
-----170.59
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Pretax Income
-173.47-178.36-827.7-1,564-1,464
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Income Tax Expense
21.69-9.3911.8314.185.44
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Earnings From Continuing Operations
-195.16-168.97-839.53-1,578-1,469
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Minority Interest in Earnings
2.26-2.84-4.11-2.75-
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Net Income
-192.9-171.8-843.64-1,581-1,469
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Net Income to Common
-192.9-171.8-843.64-1,581-1,469
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Shares Outstanding (Basic)
809110010280
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Shares Outstanding (Diluted)
809110010280
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Shares Change (YoY)
-12.25%-8.55%-1.87%26.92%267.91%
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EPS (Basic)
-2.41-1.88-8.46-15.56-18.35
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EPS (Diluted)
-2.41-1.89-8.46-15.57-18.36
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Free Cash Flow
-364.92-282.92-424.02-1,116-447.67
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Free Cash Flow Per Share
-4.56-3.10-4.25-10.98-5.59
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Gross Margin
59.94%60.60%54.68%50.16%52.51%
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Operating Margin
-13.86%-13.37%-25.54%-44.49%-46.99%
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Profit Margin
-7.02%-4.77%-20.09%-43.86%-49.66%
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Free Cash Flow Margin
-13.28%-7.86%-10.10%-30.95%-15.13%
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EBITDA
-361.94-459.14-1,047-1,579-1,369
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EBITDA Margin
-13.17%-12.76%-24.94%-43.79%-46.27%
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D&A For EBITDA
1921.9524.8925.2121.45
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EBIT
-380.94-481.08-1,072-1,604-1,391
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EBIT Margin
-13.86%-13.37%-25.54%-44.49%-46.99%
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Advertising Expenses
570.3350.4721.9967.4782.6
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Source: S&P Capital IQ. Standard template. Financial Sources.