Zhihu (ZH) Intangibles (2020 - 2025)

Zhihu has disclosed Intangibles across 6 years of filings, most recently posting $21.9 million for Q4 2025.

• Intangibles for Q4 2025 came in at $21.9 million, up 188.54% year-over-year; the trailing twelve-month figure through Dec 2025 was $21.9 million (up 188.54% YoY), and the FY2025 annual result was $4.2 million, down 43.37% from the prior year.
• Intangibles came in at $21.9 million for Q4 2025 at Zhihu, up from $6.1 million in the prior quarter.
• In the past five years, Intangibles ranged from a high of $29.8 million in Q4 2023 to a low of $2.8 million in Q2 2021.
• The 5-year median for Intangibles is $9.6 million (2021), against an average of $11.3 million.
• Across the five-year window, Intangibles soared 215.6% in 2022 and plunged 74.5% in 2024, its largest moves.
• Zhihu's Intangibles stood at $10.7 million in 2021, then climbed by 5.59% to $11.3 million in 2022, then surged by 163.92% to $29.8 million in 2023, then slumped by 74.5% to $7.6 million in 2024, then surged by 188.54% to $21.9 million in 2025.
• The last three Intangibles figures came in at $21.9 million (Q4 2025), $6.1 million (Q3 2025), and $6.6 million (Q2 2025), per Business Quant data.