Growth Metrics

Zhihu (ZH) EBT (2020 - 2025)

Zhihu's EBT history spans 6 years, with the latest figure at -$31.2 billion for Q4 2025.

  • On a quarterly basis, EBT fell 367.9% to -$31.2 billion in Q4 2025 year-over-year; TTM through Dec 2025 was -$23.5 billion, a 302.42% decrease, with the full-year FY2025 number at -$24.8 million, down 1.51% from a year prior.
  • EBT hit -$31.2 billion in Q4 2025 for Zhihu, down from -$6.4 billion in the prior quarter.
  • Over the last five years, EBT for ZH hit a ceiling of $14.1 billion in Q2 2025 and a floor of -$31.2 billion in Q4 2025.
  • Historically, EBT has averaged -$621.3 million across 5 years, with a median of -$38.2 million in 2023.
  • The widest YoY moves for EBT: up 117150.73% in 2025, down 453370.52% in 2025.
  • Tracing ZH's EBT over 5 years: stood at -$59.7 million in 2021, then surged by 58.35% to -$24.9 million in 2022, then surged by 155.64% to $13.8 million in 2023, then skyrocketed by 84198.55% to $11.7 billion in 2024, then crashed by 367.9% to -$31.2 billion in 2025.
  • Business Quant data shows EBT for ZH at -$31.2 billion in Q4 2025, -$6.4 billion in Q3 2025, and $14.1 billion in Q2 2025.