ZH
Zhihu Inc.
NYSE · Communication Services · Internet Content & Information · CN
$2.58
+0.78%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 2.6B | 2.7B | 3.6B | 4.2B | 3.7B |
| Cost of Revenue | 1.1B | 1.1B | 1.4B | 1.9B | 1.8B |
| Gross Profit | 1.5B | 1.6B | 2.2B | 2.3B | 1.8B |
| Operating Expenses | |||||
| R&D Expense | 453.8M | 510.7M | 742.9M | 901.3M | 776.8M |
| SG&A Expense | 1.1B | 1.5B | 2.0B | 2.5B | 2.7B |
| General & Admin Expense | 110.9M | — | — | — | — |
| Selling & Marketing Expense | 638.9M | — | — | — | — |
| Other Expenses | 338.8M | 6.99 | — | — | — |
| Total Operating Expenses | 1.9B | 2.0B | 2.7B | 3.4B | 3.5B |
| Cost and Expenses | 3.0B | 3.0B | 4.1B | 5.3B | 5.3B |
| Operating Income (EBIT) | (373.6M) | (370.6M) | (487.9M) | (1.1B) | (1.6B) |
| Non-Operating | |||||
| Interest Income | 139.6M | 295.1M | 115.0M | 158.7M | 68.1M |
| Interest Expense | — | — | — | — | — |
| Net Interest Income | 139.7M | 295.1M | 115.0M | 158.7M | 68.1M |
| Other Non-Op Income/Expense | 64.9M | 201.8M | 307.0M | 244.5M | 40.2M |
| Non-Operating Income (excl Interest) | (29.8M) | (201.8M) | (307.0M) | (244.5M) | (40.2M) |
| EBT (Pre-Tax Income) | (308.8M) | (168.7M) | (180.9M) | (827.6M) | (1.6B) |
| Income Tax Expense | (8.4M) | 21.1M | (9.5M) | 11.8M | 14.4M |
| Bottom Line | |||||
| Net Income | (298.2M) | (187.6M) | (174.2M) | (843.5M) | (1.6B) |
| Earnings from Cont. Ops | (300.4M) | (189.8M) | (171.4M) | (839.4M) | (1.6B) |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | (298.2M) | (187.6M) | (174.2M) | (843.5M) | (1.6B) |
| Per Share | |||||
| Basic EPS | ($3.74) | ($2.37) | ($1.89) | ($8.47) | ($15.68) |
| Diluted EPS | ($3.74) | ($2.37) | ($1.89) | ($8.47) | ($15.68) |
| Revenue Per Share | $34.38 | $33.42 | $39.92 | $42.15 | $36.50 |
| Shares | |||||
| Basic Shares Outstanding | 76.5M | 80.0M | 91.4M | 99.6M | 100.5M |
| Diluted Shares Outstanding | 76.5M | 80.0M | 91.4M | 99.6M | 100.5M |
| Profitability Metrics | |||||
| EBITDA | (319.0M) | (143.9M) | (158.6M) | (802.7M) | (1.6B) |
| D&A | 24.9M | 24.9M | 22.3M | 24.9M | 25.7M |
| EBIT | (343.9M) | (168.7M) | (180.9M) | (827.6M) | (1.6B) |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026