Zhihu (ZH) Equity Average (2021 - 2025)

Zhihu has disclosed Equity Average across 5 years of filings, most recently posting $562.6 million for Q4 2025.

• Equity Average for Q4 2025 came in at $562.6 million, down 6.48% year-over-year; the trailing twelve-month figure through Dec 2025 was $562.6 million (down 6.48% YoY), and the FY2025 annual result was $555.3 million, down 8.55% from the prior year.
• Equity Average came in at $562.6 million for Q4 2025 at Zhihu, down from $583.1 million in the prior quarter.
• In the past five years, Equity Average ranged from a high of $1.1 billion in Q2 2021 to a low of $177.6 million in Q1 2021.
• The 5-year median for Equity Average is $689.0 million (2023), against an average of $742.8 million.
• Peak annual rise in Equity Average reached 479.23% in 2022, while the deepest fall reached 23.8% in 2022.
• Zhihu's Equity Average stood at $1.1 billion in 2021, then fell by 23.8% to $816.3 million in 2022, then retreated by 18.17% to $667.9 million in 2023, then fell by 9.92% to $601.6 million in 2024, then declined by 6.48% to $562.6 million in 2025.
• The last three Equity Average figures came in at $562.6 million (Q4 2025), $583.1 million (Q3 2025), and $580.3 million (Q2 2025), per Business Quant data.