Zhihu (ZH) Goodwill & Intangibles (2020 - 2026)
Zhihu (ZH) posted Goodwill & Intangibles of $4.2 million for Q4 2025, down 82.54% sequentially from $23.9 million in Q3 2025, and down 83.43% YoY from $25.2 million in Q4 2024.
Analysis
Zhihu (ZH) Goodwill & Intangibles (2020 - 2026) Analysis & Trends
Zhihu has reported Goodwill & Intangibles for 6 years, with the latest figure at $4.2 million in Q4 2025.
- Quarterly Goodwill & Intangibles fell 83.43% year-over-year to $4.2 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $4.2 million (down 83.43% YoY) and the FY2025 annual result came in at $4.2 million, down 83.43% from the prior year.
- Goodwill & Intangibles fell to $4.2 million in Q4 2025 per ZH's latest filing, from $23.9 million in the prior quarter.
- Over five years, Goodwill & Intangibles peaked at $44.5 million in Q2 2023 and troughed at $2.8 million in Q2 2021.
- A 5-year average of $25.1 million and a median of $24.8 million in 2024 frame the typical range for Goodwill & Intangibles.
- The sharpest annual moves came in 2022 and 2025: Goodwill & Intangibles surged 622.14% in 2022, then plunged 83.43% in 2025.
- Over 5 years, Goodwill & Intangibles stood at $22.2 million in 2021, then soared by 30.78% to $29.0 million in 2022, then surged by 50.04% to $43.6 million in 2023, then sank by 42.21% to $25.2 million in 2024, then slumped by 83.43% to $4.2 million in 2025.
- According to Business Quant data, Goodwill & Intangibles over the past three periods registered $4.2 million, $23.9 million, and $24.0 million for Q4 2025, Q3 2025, and Q2 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 |
|---|---|
| Jun 30, 2026 | 3.85 Mn |
| Mar 31, 2026 | 4.05 Mn |
| Dec 31, 2025 | 4.17 Mn |
| Sep 30, 2025 | 23.89 Mn |
| Jun 30, 2025 | 24.25 Mn |
| Mar 31, 2025 | 24.40 Mn |
| Dec 31, 2024 | 25.18 Mn |
| Sep 30, 2024 | 25.73 Mn |
| Jun 30, 2024 | 25.98 Mn |
| Mar 31, 2024 | 43.10 Mn |
| Dec 31, 2023 | 43.57 Mn |
| Sep 30, 2023 | 43.89 Mn |
| Jun 30, 2023 | 46.08 Mn |
| Mar 31, 2023 | 29.67 Mn |
| Dec 31, 2022 | 29.05 Mn |
| Sep 30, 2022 | 27.12 Mn |
| Jun 30, 2022 | 19.95 Mn |
| Mar 31, 2022 | 21.55 Mn |
| Dec 31, 2021 | 22.21 Mn |
| Sep 30, 2021 | 17.07 Mn |