Zhihu (ZH) Current Deferred Revenue (2019 - 2026)
Zhihu's Current Deferred Revenue was $30.71 million in the quarter ended Jun 30, 2026, up 7.4% from $28.6 million a year earlier but down 4.6% from the prior quarter.
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Analysis
Zhihu (ZH) Current Deferred Revenue (2019 - 2026) Analysis & Trends
As of Dec 31, 2025, Current Deferred Revenue at Zhihu came in at $26.6 million, down 17.6% from the prior year.
- Current Deferred Revenue has now declined for three consecutive years, though with a five-year compound annual growth rate of 2.8% (years ended Dec 2020 to Dec 2025).
- In earlier years, Current Deferred Revenue was $32.27 million in the year ended Dec 31, 2024 (-24.5%), $42.76 million in the year ended Dec 31, 2023 (-17.1%), $51.56 million in the year ended Dec 31, 2022 (+37.0%) and $37.62 million in the year ended Dec 31, 2021 (+62.2%).
- Quarterly Current Deferred Revenue has moved between $26.23 million (the quarter ended Dec 31, 2025) and $54.99 million (the quarter ended Mar 31, 2023) over five years.
- Compared with a year earlier, Current Deferred Revenue was higher in two of the last eight quarters, with an average decline of 17.2%.
- The best year-over-year quarter for Current Deferred Revenue over five years was the quarter ended Dec 31, 2021 (growth of 55.3%); the worst was the quarter ended Sep 30, 2025 (a decline of 31.9%).
- Per Business Quant data, ZH's Current Deferred Revenue in the three quarters before the quarter ended Jun 30, 2026 was $32.19 million (quarter ended Mar 31, 2026), $26.23 million (quarter ended Dec 31, 2025) and $27.07 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,180.92 Bn | 3,938.44 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,847.76 Bn | 1,550.28 Bn | 49.47 Bn |
| 3 | Netflix | 289.73 Bn | 249.92 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 249.81 Bn | 67.68 Bn | 15.11 Bn |
| 5 | Shopify | 192.08 Bn | 169.26 Bn | 1.71 Bn |
| 6 | Uber Technologies | 139.76 Bn | 111.74 Bn | 6.38 Bn |
| 7 | Booking Holdings | 122.41 Bn | 55.46 Bn | - |
| 8 | PDD Holdings | 110.94 Bn | -140.99 Bn | 9.45 Bn |
| 9 | Spotify Technology | 100.32 Bn | 57.56 Bn | 1.86 Bn |
| 10 | Zhihu | 292.48 Mn | -1.98 Bn | 57.98 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 30.71 Mn |
| Mar 31, 2026 | 32.19 Mn |
| Dec 31, 2025 | 26.23 Mn |
| Sep 30, 2025 | 27.07 Mn |
| Jun 30, 2025 | 28.60 Mn |
| Mar 31, 2025 | 31.50 Mn |
| Dec 31, 2024 | 32.79 Mn |
| Sep 30, 2024 | 39.72 Mn |
| Jun 30, 2024 | 39.01 Mn |
| Mar 31, 2024 | 42.98 Mn |
| Dec 31, 2023 | 42.16 Mn |
| Sep 30, 2023 | 49.25 Mn |
| Jun 30, 2023 | 52.17 Mn |
| Mar 31, 2023 | 54.99 Mn |
| Dec 31, 2022 | 50.00 Mn |
| Sep 30, 2022 | 52.98 Mn |
| Jun 30, 2022 | 40.30 Mn |
| Mar 31, 2022 | 40.68 Mn |
| Dec 31, 2021 | 37.50 Mn |
| Sep 30, 2021 | 39.42 Mn |
API Access
Zhihu Current Deferred Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=current-deferred-revenue&ticker=ZH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "current-deferred-revenue", "ticker": "ZH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=current-deferred-revenue&ticker=ZH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();