Zhihu (ZH) Enterprise Value (2019 - 2026)

Zhihu has reported Enterprise Value for 7 years, with the latest figure at -$465.2 million in Q4 2025.

• Quarterly Enterprise Value rose 15.2% year-over-year to -$465.2 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$465.2 million (up 15.2% YoY) and the FY2025 annual result came in at -$465.0 million, up 15.25% from the prior year.
• Enterprise Value slipped to -$465.2 million in Q4 2025 per ZH's latest filing, from -$373.8 million in the prior quarter.
• Over five years, Enterprise Value peaked at -$325.1 million in Q2 2021 and troughed at -$1.1 billion in Q1 2021.
• A 5-year average of -$550.6 million and a median of -$478.4 million in 2025 frame the typical range for Enterprise Value.
• The widest YoY moves for Enterprise Value: up 62.04% in 2022, down 134.71% in 2022.
• Over 5 years, Enterprise Value stood at -$686.5 million in 2021, then declined by 7.98% to -$741.3 million in 2022, then gained by 29.28% to -$524.2 million in 2023, then retreated by 4.64% to -$548.6 million in 2024, then advanced by 15.2% to -$465.2 million in 2025.
• According to Business Quant data, Enterprise Value over the past three periods registered -$465.2 million, -$373.8 million, and -$433.1 million for Q4 2025, Q3 2025, and Q2 2025 respectively.