Zhihu (ZH) Accumulated Expenses (2019 - 2026)
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.
Analysis
Zhihu (ZH) Accumulated Expenses (2019 - 2026) 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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn |
| 10 | Zhihu | 220.44 Mn | -357.04 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.99 Mn |
| Mar 31, 2026 | 28.04 Mn |
| 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 | 49.06 Mn |
| Sep 30, 2021 | 47.08 Mn |