Growth Metrics

Zhihu (ZH) Equity Average (2021 - 2025)

Zhihu's Equity Average history spans 5 years, with the latest figure at $562.6 million for Q4 2025.

  • On a quarterly basis, Equity Average fell 6.48% to $562.6 million in Q4 2025 year-over-year; TTM through Dec 2025 was $562.6 million, a 6.48% decrease, with the full-year FY2025 number at $555.3 million, down 8.55% from a year prior.
  • Equity Average hit $562.6 million in Q4 2025 for Zhihu, down from $583.1 million in the prior quarter.
  • Over the last five years, Equity Average for ZH hit a ceiling of $1.1 billion in Q2 2021 and a floor of $177.6 million in Q1 2021.
  • Historically, Equity Average has averaged $742.8 million across 5 years, with a median of $689.0 million in 2023.
  • The widest YoY moves for Equity Average: up 479.23% in 2022, down 23.8% in 2022.
  • Tracing ZH's Equity Average over 5 years: stood at $1.1 billion in 2021, then dropped by 23.8% to $816.3 million in 2022, then decreased by 18.17% to $667.9 million in 2023, then dropped by 9.92% to $601.6 million in 2024, then fell by 6.48% to $562.6 million in 2025.
  • Business Quant data shows Equity Average for ZH at $562.6 million in Q4 2025, $583.1 million in Q3 2025, and $580.3 million in Q2 2025.