Zhihu (ZH) Goodwill (2021 - 2025)
Zhihu (ZH) posted Goodwill of $17.7 million for Q3 2025, up 0.62% sequentially from $17.6 million in Q2 2025, and down 1.43% YoY from $18.0 million in Q3 2024.
Analysis
Zhihu (ZH) Goodwill (2021 - 2025) Analysis & Trends
Zhihu has reported Goodwill for 5 years, with the latest figure at $17.7 million in Q3 2025.
- Quarterly Goodwill fell 1.43% year-over-year to $17.7 million in Q3 2025, while the trailing twelve-month figure through Sep 2025 was $17.7 million (down 1.43% YoY) and the FY2024 annual result came in at $17.3 million, down 35.69% from the prior year.
- Goodwill rose to $17.7 million in Q3 2025 per ZH's latest filing, from $17.6 million in the prior quarter.
- Over five years, Goodwill peaked at $26.5 million in Q4 2023 and troughed at $7.9 million in Q3 2021.
- A 5-year average of $18.1 million and a median of $17.7 million in 2025 frame the typical range for Goodwill.
- The sharpest annual moves came in 2023 and 2025: Goodwill soared 139.62% in 2023, then sank 34.21% in 2025.
- Over 5 years, Goodwill stood at $11.5 million in 2021, then surged by 54.13% to $17.8 million in 2022, then jumped by 49.44% to $26.5 million in 2023, then plunged by 33.72% to $17.6 million in 2024, then gained by 0.9% to $17.7 million in 2025.
- According to Business Quant data, Goodwill over the past three periods registered $17.7 million, $17.6 million, and $17.4 million for Q3 2025, Q2 2025, and Q1 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn |
| 10 | Zhihu | 220.44 Mn | -357.04 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 17.75 Mn |
| Jun 30, 2025 | 17.64 Mn |
| Mar 31, 2025 | 17.41 Mn |
| Dec 31, 2024 | 17.59 Mn |
| Sep 30, 2024 | 18.00 Mn |
| Jun 30, 2024 | 17.39 Mn |
| Mar 31, 2024 | 26.46 Mn |
| Dec 31, 2023 | 26.54 Mn |
| Sep 30, 2023 | 26.19 Mn |
| Jun 30, 2023 | 26.35 Mn |
| Mar 31, 2023 | 18.40 Mn |
| Dec 31, 2022 | 17.76 Mn |
| Sep 30, 2022 | 17.76 Mn |
| Jun 30, 2022 | 11.00 Mn |
| Mar 31, 2022 | 11.62 Mn |
| Dec 31, 2021 | 11.52 Mn |
| Sep 30, 2021 | 7.89 Mn |