Zhihu (ZH) Common Equity (2019 - 2026)

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.