Zhihu Inc.
ZH · NYSE
Financial statements
Annual and quarterly income, balance-sheet, cash-flow and key-statistics data.
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2022 FY | 3.67B | 1.84B | -1.63B | -1.61B | -15.68 |
| 2023 FY | 4.20B | 2.30B | -1.07B | -843.53M | -8.47 |
| 2024 FY | 3.65B | 2.21B | -487.90M | -174.24M | -1.89 |
| 2025 FY | 2.67B | 1.60B | -370.57M | -187.65M | -2.37 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2022 FY | 7.66B | 1.96B | 4.53B | 96.56M | 5.65B |
| 2023 FY | 6.80B | 2.09B | 2.11B | 45.73M | 4.60B |
| 2024 FY | 5.73B | 1.54B | 4.00B | 19.13M | 4.14B |
| 2025 FY | 5.19B | 1.32B | 3.37B | 72.02M | 3.81B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2022 FY | -1.11B | -714.00K | -1.12B | — | 2.37B |
| 2023 FY | -415.53M | -8.88M | -424.40M | — | -2.42B |
| 2024 FY | -280.19M | -2.73M | -282.92M | — | 1.89B |
| 2025 FY | -415.53M | -8.88M | -424.40M | — | -2.42B |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2022 FY | 5.41B | 977.17M | — | — | — |
| 2023 FY | 3.77B | 1.71B | — | — | — |
| 2024 FY | 2.36B | -1.62B | — | — | — |
| 2025 FY | 1.84B | -1.47B | — | — | — |
| 2026-12-31 | — | — | — | — | — |
| 2027-12-31 | — | — | — | — | — |
| 2028-12-31 | — | — | — | — | — |
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2025 Q2 | 710.04M | 443.90M | -90.14M | 71.79M | 0.90 |
| 2025 Q3 | 658.93M | 403.64M | -99.82M | -46.66M | -0.57 |
| 2025 Q4 | 634.63M | 340.06M | -135.62M | -205.75M | -2.58 |
| 2026 Q1 | 647.63M | 385.98M | -62.50M | -8.45M | -0.11 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2025 Q2 | 5.75B | 1.54B | 3.20B | 229.59M | 4.14B |
| 2025 Q3 | 5.50B | 1.38B | 2.73B | 150.71M | 4.05B |
| 2025 Q4 | 5.19B | 1.32B | 3.37B | 72.02M | 3.81B |
| 2026 Q1 | 5.12B | 1.29B | 2.99B | 27.46M | 3.76B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2025 Q2 | — | — | — | — | — |
| 2025 Q3 | — | — | — | — | — |
| 2025 Q4 | -415.53M | -8.88M | -424.40M | — | 2.11B |
| 2026 Q1 | — | — | — | — | — |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2025 Q2 | 2.29B | -680.98M | — | — | — |
| 2025 Q3 | 2.88B | 301.90M | — | — | — |
| 2025 Q4 | 1.80B | -1.50B | — | — | — |
| 2026 Q1 | 1.51B | -1.45B | — | — | — |
| 2026-06-30 | — | — | — | — | — |
| 2026-09-30 | — | — | — | — | — |
| 2026-12-31 | — | — | — | — | — |