Zhihu (ZH) EBT (2020 - 2025)
Zhihu (ZH) posted EBT of -$31.2 billion for Q4 2025, down 387.07% sequentially from -$6.4 billion in Q3 2025, and down 367.9% YoY from $11.7 billion in Q4 2024.
Zhihu (ZH) EBT (2020 - 2025) Analysis & Trends
Zhihu has reported EBT for 6 years, with the latest figure at -$31.2 billion in Q4 2025.
- Quarterly EBT fell 367.9% year-over-year to -$31.2 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$23.5 billion (down 302.42% YoY) and the FY2025 annual result came in at -$24.8 million, down 1.51% from the prior year.
- EBT slipped to -$31.2 billion in Q4 2025 per ZH's latest filing, from -$6.4 billion in the prior quarter.
- Over five years, EBT peaked at $14.1 billion in Q2 2025 and troughed at -$31.2 billion in Q4 2025.
- A 5-year average of -$621.3 million and a median of -$38.2 million in 2023 frame the typical range for EBT.
- The widest YoY moves for EBT: up 117150.73% in 2025, down 453370.52% in 2025.
- Over 5 years, EBT stood at -$59.7 million in 2021, then soared by 58.35% to -$24.9 million in 2022, then soared by 155.64% to $13.8 million in 2023, then surged by 84198.55% to $11.7 billion in 2024, then slumped by 367.9% to -$31.2 billion in 2025.
- According to Business Quant data, EBT over the past three periods registered -$31.2 billion, -$6.4 billion, and $14.1 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,234.87 Bn | 3,805.83 Bn | 73.85 Bn | 138.75 Bn |
| 2 | Meta Platforms | 1,535.77 Bn | 1,445.51 Bn | 49.47 Bn | 18.76 Bn |
| 3 | Taboola.com | 1,137.67 Bn | 1,137.54 Bn | 139.48 Mn | 7.29 Mn |
| 4 | Baidu | 289.51 Bn | 285.02 Bn | 1.88 Mn | 554.00 Mn |
| 5 | Spotify Technology | 102.78 Bn | 92.54 Bn | 1.75 Bn | 1.10 Bn |
| 6 | Joyy | 77.93 Bn | 77.04 Bn | 205.64 Mn | 40.69 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 102,234.00 |
| 8 | Nebius | 49.19 Bn | 39.57 Bn | 295.20 Mn | 2.40 |
| 9 | 30.48 Bn | 27.69 Bn | 734.60 Mn | 256.84 Mn | |
| 10 | Zhihu | 792.14 Mn | 316.96 Mn | 49.31 Bn | -31.23 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -31.23 Bn |
| Sep 30, 2025 | -6.41 Bn |
| Jun 30, 2025 | 14.12 Bn |
| Mar 31, 2025 | -1.42 Mn |
| Dec 31, 2024 | 11.66 Bn |
| Sep 30, 2024 | -1.41 Mn |
| Jun 30, 2024 | -12.06 Mn |
| Mar 31, 2024 | -22.78 Mn |
| Dec 31, 2023 | 13.83 Mn |
| Sep 30, 2023 | -38.19 Mn |
| Jun 30, 2023 | -38.17 Mn |
| Mar 31, 2023 | -25.36 Mn |
| Dec 31, 2022 | -24.85 Mn |
| Sep 30, 2022 | -41.46 Mn |
| Jun 30, 2022 | -71.76 Mn |
| Mar 31, 2022 | -96.52 Mn |
| Dec 31, 2021 | -59.67 Mn |
| Sep 30, 2021 | -41.83 Mn |
| Jun 30, 2021 | -49.49 Mn |
| Mar 31, 2021 | -49.48 Mn |