Zhihu (ZH) Accumulated Expenses (2019 - 2025)
Zhihu (ZH) posted Accumulated Expenses of $26.5 million for Q4 2025, up 18.39% sequentially from $22.4 million in Q3 2025, and down 30.82% YoY from $38.3 million in Q4 2024.
Zhihu (ZH) Accumulated Expenses (2019 - 2025) Analysis & Trends
Zhihu has reported Accumulated Expenses for 7 years, with the latest figure at $26.5 million in Q4 2025.
- Quarterly Accumulated Expenses fell 30.82% year-over-year to $26.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $26.5 million (down 30.82% YoY) and the FY2025 annual result came in at $26.9 million, down 28.7% from the prior year.
- Accumulated Expenses rose to $26.5 million in Q4 2025 per ZH's latest filing, from $22.4 million in the prior quarter.
- Over five years, Accumulated Expenses peaked at $50.0 million in Q1 2022 and troughed at $937362.7 in Q4 2021.
- A 5-year average of $35.1 million and a median of $37.5 million in 2024 frame the typical range for Accumulated Expenses.
- The sharpest annual moves came in 2021 and 2022: Accumulated Expenses plunged 97.32% in 2021, then surged 4153.18% in 2022.
- Over 5 years, Accumulated Expenses stood at $937362.7 in 2021, then soared by 4153.18% to $39.9 million in 2022, then grew by 19.19% to $47.5 million in 2023, then dropped by 19.35% to $38.3 million in 2024, then plunged by 30.82% to $26.5 million in 2025.
- According to Business Quant data, Accumulated Expenses over the past three periods registered $26.5 million, $22.4 million, and $23.3 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,523.46 Bn | 1,433.20 Bn | 49.47 Bn |
| 3 | Taboola.com | 1,141.85 Bn | 1,141.71 Bn | 139.48 Mn |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | |
| 10 | Zhihu | 795.74 Mn | 320.56 Mn | 49.31 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 26.51 Mn |
| Sep 30, 2025 | 22.39 Mn |
| Jun 30, 2025 | 23.30 Mn |
| Mar 31, 2025 | 36.76 Mn |
| Dec 31, 2024 | 38.32 Mn |
| Sep 30, 2024 | 32.33 Mn |
| Jun 30, 2024 | 30.23 Mn |
| Mar 31, 2024 | 45.99 Mn |
| Dec 31, 2023 | 47.52 Mn |
| Sep 30, 2023 | 39.42 Mn |
| Jun 30, 2023 | 33.03 Mn |
| Mar 31, 2023 | 41.47 Mn |
| Dec 31, 2022 | 39.87 Mn |
| Sep 30, 2022 | 33.43 Mn |
| Jun 30, 2022 | 36.52 Mn |
| Mar 31, 2022 | 49.97 Mn |
| Dec 31, 2021 | 937,362.68 |
| Sep 30, 2021 | 47.08 Mn |
| Jun 30, 2021 | 38.51 Mn |
| Mar 31, 2021 | 38.69 Mn |