Zhihu (ZH) Intangibles (2020 - 2025)
Zhihu (ZH) posted Intangibles of $4.2 million for Q4 2025, down 32.05% sequentially from $6.1 million in Q3 2025, and down 45.05% YoY from $7.6 million in Q4 2024.
Zhihu (ZH) Intangibles (2020 - 2025) Analysis & Trends
Zhihu has reported Intangibles for 6 years, with the latest figure at $4.2 million in Q4 2025.
- Quarterly Intangibles fell 45.05% year-over-year to $4.2 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $4.2 million (down 45.05% YoY) and the FY2025 annual result came in at $4.2 million, down 43.37% from the prior year.
- Intangibles fell to $4.2 million in Q4 2025 per ZH's latest filing, from $6.1 million in the prior quarter.
- Over five years, Intangibles peaked at $18.2 million in Q2 2023 and troughed at $2.8 million in Q2 2021.
- A 5-year average of $9.8 million and a median of $8.9 million in 2021 frame the typical range for Intangibles.
- The sharpest annual moves came in 2022 and 2025: Intangibles surged 215.6% in 2022, then slumped 56.66% in 2025.
- Over 5 years, Intangibles stood at $10.7 million in 2021, then increased by 5.59% to $11.3 million in 2022, then jumped by 50.99% to $17.0 million in 2023, then sank by 55.43% to $7.6 million in 2024, then slumped by 45.05% to $4.2 million in 2025.
- According to Business Quant data, Intangibles over the past three periods registered $4.2 million, $6.1 million, and $6.6 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 Bn | 9.11 Bn |
| 2 | Meta Platforms | 1,523.46 Bn | 1,433.20 Bn | 49.47 Bn | - |
| 3 | Taboola.com | 1,141.85 Bn | 1,141.71 Bn | 139.48 Mn | 2.58 Mn |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn | 633.00 Mn |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn | 48.00 Mn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn | 725.28 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 99,574.00 |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn | 48.30 Mn |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | 10.57 Mn | |
| 10 | Zhihu | 795.74 Mn | 320.56 Mn | 49.31 Bn | 4.17 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 4.17 Mn |
| Sep 30, 2025 | 6.14 Mn |
| Jun 30, 2025 | 6.61 Mn |
| Mar 31, 2025 | 7.03 Mn |
| Dec 31, 2024 | 7.59 Mn |
| Sep 30, 2024 | 8.27 Mn |
| Jun 30, 2024 | 8.49 Mn |
| Mar 31, 2024 | 16.22 Mn |
| Dec 31, 2023 | 17.03 Mn |
| Sep 30, 2023 | 17.32 Mn |
| Jun 30, 2023 | 18.16 Mn |
| Mar 31, 2023 | 11.16 Mn |
| Dec 31, 2022 | 11.28 Mn |
| Sep 30, 2022 | 12.04 Mn |
| Jun 30, 2022 | 8.64 Mn |
| Mar 31, 2022 | 9.95 Mn |
| Dec 31, 2021 | 10.68 Mn |
| Sep 30, 2021 | 9.18 Mn |
| Jun 30, 2021 | 2.76 Mn |
| Mar 31, 2021 | 3.15 Mn |