Zhihu (ZH) Enterprise Value (2019 - 2025)

Zhihu has disclosed Enterprise Value across 7 years of filings, most recently posting -$465.2 million for Q4 2025.

• Enterprise Value for Q4 2025 came in at -$465.2 million, up 25.39% year-over-year; the trailing twelve-month figure through Dec 2025 was -$465.2 million (up 25.39% YoY), and the FY2025 annual result was -$465.0 million, up 13.86% from the prior year.
• Enterprise Value came in at -$465.2 million for Q4 2025 at Zhihu, down from -$373.8 million in the prior quarter.
• In the past five years, Enterprise Value ranged from a high of -$278.4 million in Q4 2023 to a low of -$1.1 billion in Q1 2021.
• The 5-year median for Enterprise Value is -$456.4 million (2024), against an average of -$539.7 million.
• Across the five-year window, Enterprise Value sank 134.71% in 2022 and jumped 62.44% in 2023, its largest moves.
• Zhihu's Enterprise Value stood at -$686.5 million in 2021, then slipped by 7.98% to -$741.3 million in 2022, then jumped by 62.44% to -$278.4 million in 2023, then slumped by 123.91% to -$623.5 million in 2024, then gained by 25.39% to -$465.2 million in 2025.
• The last three Enterprise Value figures came in at -$465.2 million (Q4 2025), -$373.8 million (Q3 2025), and -$437.4 million (Q2 2025), per Business Quant data.