Zhihu (ZH) Common Equity (2019 - 2025)
Zhihu (ZH) posted Common Equity of $536.4 million for Q4 2025, down 5.76% sequentially from $569.2 million in Q3 2025, and down 6.85% YoY from $575.8 million in Q4 2024.
Zhihu (ZH) Common Equity (2019 - 2025) Analysis & Trends
Zhihu has reported Common Equity for 7 years, with the latest figure at $536.4 million in Q4 2025.
- Quarterly Common Equity fell 6.85% year-over-year to $536.4 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $536.4 million (down 6.85% YoY) and the FY2025 annual result came in at $544.0 million, down 4.0% from the prior year.
- Common Equity retreated to $536.4 million in Q4 2025 per ZH's latest filing, from $569.2 million in the prior quarter.
- Over five years, Common Equity peaked at $1.1 billion in Q1 2021 and troughed at $536.4 million in Q4 2025.
- A 5-year average of $769.9 million and a median of $698.9 million in 2023 frame the typical range for Common Equity.
- The sharpest annual moves came in 2021 and 2022: Common Equity jumped 235.77% in 2021, then fell 24.03% in 2022.
- Over 5 years, Common Equity stood at $1.1 billion in 2021, then dropped by 24.03% to $800.6 million in 2022, then decreased by 18.44% to $653.0 million in 2023, then dropped by 11.82% to $575.8 million in 2024, then retreated by 6.85% to $536.4 million in 2025.
- According to Business Quant data, Common Equity over the past three periods registered $536.4 million, $569.2 million, and $578.1 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 Bn | 640.48 Bn |
| 2 | Meta Platforms | 1,523.46 Bn | 1,433.20 Bn | 49.47 Bn | 261.22 Bn |
| 3 | Taboola.com | 1,141.85 Bn | 1,141.71 Bn | 139.48 Mn | 937.99 Mn |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn | 40.44 Bn |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn | 9.38 Bn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn | 6.58 Bn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 1.16 Mn |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn | 7.24 Bn |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | 3.29 Bn | |
| 10 | Zhihu | 795.74 Mn | 320.56 Mn | 49.31 Bn | 536.36 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 536.36 Mn |
| Sep 30, 2025 | 569.15 Mn |
| Jun 30, 2025 | 578.09 Mn |
| Mar 31, 2025 | 564.51 Mn |
| Dec 31, 2024 | 575.81 Mn |
| Sep 30, 2024 | 611.19 Mn |
| Jun 30, 2024 | 593.39 Mn |
| Mar 31, 2024 | 608.47 Mn |
| Dec 31, 2023 | 652.99 Mn |
| Sep 30, 2023 | 670.80 Mn |
| Jun 30, 2023 | 726.96 Mn |
| Mar 31, 2023 | 797.93 Mn |
| Dec 31, 2022 | 800.64 Mn |
| Sep 30, 2022 | 827.47 Mn |
| Jun 30, 2022 | 906.21 Mn |
| Mar 31, 2022 | 1.00 Bn |
| Dec 31, 2021 | 1.05 Bn |
| Sep 30, 2021 | 1.09 Bn |
| Jun 30, 2021 | 1.10 Bn |
| Mar 31, 2021 | 1.13 Bn |