Zhihu (ZH) Consolidated Net Income (2020 - 2026)
Zhihu (ZH) posted Consolidated Net Income of -$32.3 billion for Q4 2025, down 413.55% sequentially from -$6.3 billion in Q3 2025, and down 386.33% YoY from $11.3 billion in Q4 2024.
Analysis
Zhihu (ZH) Consolidated Net Income (2020 - 2026) Analysis & Trends
Zhihu has reported Consolidated Net Income for 6 years, with the latest figure at -$32.3 billion in Q4 2025.
- Quarterly Consolidated Net Income fell 386.33% year-over-year to -$32.3 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$20.7 billion (down 301.39% YoY) and the FY2025 annual result came in at -$27.5 million, down 16.73% from the prior year.
- Consolidated Net Income declined to -$32.3 billion in Q4 2025 per ZH's latest filing, from -$6.3 billion in the prior quarter.
- Over five years, Consolidated Net Income peaked at $18.0 billion in Q2 2025 and troughed at -$32.3 billion in Q4 2025.
- A 5-year average of -$547.0 million and a median of -$40.0 million in 2022 frame the typical range for Consolidated Net Income.
- The sharpest annual moves came in 2024 and 2025: Consolidated Net Income soared 74121.46% in 2024, then slumped 414646.77% in 2025.
- Over 5 years, Consolidated Net Income stood at -$59.2 million in 2021, then soared by 58.02% to -$24.9 million in 2022, then jumped by 161.19% to $15.2 million in 2023, then jumped by 74121.46% to $11.3 billion in 2024, then sank by 386.33% to -$32.3 billion in 2025.
- According to Business Quant data, Consolidated Net Income over the past three periods registered -$32.3 billion, -$6.3 billion, and $18.0 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Consol Net Inc. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 112.19 Bn |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 15.85 Bn |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 633.49 Mn |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | -14.38 Mn |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 252.85 Mn | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | 59.32 Mn |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | 525.91 Mn |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | -46.67 Mn | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 170.55 Mn |
| 10 | Zhihu | 220.44 Mn | -357.04 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -769.00 Mn |
| Dec 31, 2025 | -32.32 Bn |
| Sep 30, 2025 | -6.29 Bn |
| Jun 30, 2025 | 18.12 Bn |
| Mar 31, 2025 | -1.45 Bn |
| Dec 31, 2024 | 11.29 Bn |
| Sep 30, 2024 | -1.52 Mn |
| Jun 30, 2024 | -13.08 Bn |
| Mar 31, 2024 | -22.83 Mn |
| Dec 31, 2023 | 13.14 Mn |
| Sep 30, 2023 | -38.56 Mn |
| Jun 30, 2023 | -39.18 Mn |
| Mar 31, 2023 | -24.75 Mn |
| Dec 31, 2022 | -24.47 Mn |
| Sep 30, 2022 | -42.73 Mn |
| Jun 30, 2022 | -71.92 Mn |
| Mar 31, 2022 | -96.03 Mn |
| Dec 31, 2021 | -59.20 Mn |
| Sep 30, 2021 | -41.78 Mn |
| Jun 30, 2021 | -49.24 Mn |