Zhihu (ZH) EBT (2020 - 2025)

Zhihu has disclosed EBT across 6 years of filings, most recently posting -$31.2 billion for Q4 2025.

• EBT for Q4 2025 came in at -$31.2 billion, down 367.9% year-over-year; the trailing twelve-month figure through Dec 2025 was -$23.5 billion (down 302.42% YoY), and the FY2025 annual result was -$24.8 million, down 1.51% from the prior year.
• EBT came in at -$31.2 billion for Q4 2025 at Zhihu, down from -$6.4 billion in the prior quarter.
• In the past five years, EBT ranged from a high of $14.1 billion in Q2 2025 to a low of -$31.2 billion in Q4 2025.
• The 5-year median for EBT is -$38.2 million (2023), against an average of -$621.3 million.
• Peak annual rise in EBT reached 117150.73% in 2025, while the deepest fall reached 453370.52% in 2025.
• Zhihu's EBT stood at -$59.7 million in 2021, then jumped by 58.35% to -$24.9 million in 2022, then jumped by 155.64% to $13.8 million in 2023, then soared by 84198.55% to $11.7 billion in 2024, then slumped by 367.9% to -$31.2 billion in 2025.
• The last three EBT figures came in at -$31.2 billion (Q4 2025), -$6.4 billion (Q3 2025), and $14.1 billion (Q2 2025), per Business Quant data.