Zhihu ZH
NYSE ZH
$2.77 -0.08 (-2.98%)
As of: Aug 31, 2026 · 3:59 PM EDT

Zhihu (ZH) EBT (2020 - 2026)

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.

Analysis

Zhihu (ZH) EBT (2020 - 2026) 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.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT (Qtr)
1 Alphabet 4,083.83 Bn 3,654.79 Bn 73.85 Bn 138.75 Bn
2 Meta Platforms 1,456.07 Bn 1,365.81 Bn 49.47 Bn 18.76 Bn
3 Spotify Technology 111.71 Bn 104.79 Bn 1.86 Bn 836.90 Mn
4 Nebius 50.03 Bn 40.93 Bn 448.70 Mn -680,000.00
5 Reddit 28.44 Bn 25.65 Bn 734.60 Mn 256.84 Mn
6 Bilibili 13.59 Bn 11.45 Bn 433.97 Mn 54.56 Mn
7 Tencent Music Entertainment 12.71 Bn 9.21 Bn 582.00 Mn 452.00 Mn
8 Pinterest 12.21 Bn 10.93 Bn 922.30 Mn -49.16 Mn
9 Match 9.45 Bn 8.86 Bn 648.84 Mn 214.65 Mn
10 Zhihu 220.44 Mn -357.04 Mn - -
Historic Data

Historic Data

Download Data
DateValue
Mar 31, 2026 -1.00 Bn
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