Zhihu (ZH) Invested Capital (2019 - 2025)
Zhihu (ZH) posted Invested Capital of $4.9 million for Q4 2025, up 513.01% sequentially from $805000.0 in Q3 2025, and up 419.37% YoY from $950147.3 in Q4 2024.
Zhihu (ZH) Invested Capital (2019 - 2025) Analysis & Trends
Zhihu has reported Invested Capital for 7 years, with the latest figure at $4.9 million in Q4 2025.
- Quarterly Invested Capital rose 419.37% year-over-year to $4.9 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $7.3 million (up 52.0% YoY) and the FY2025 annual result came in at $4.9 million, up 419.37% from the prior year.
- Invested Capital rose to $4.9 million in Q4 2025 per ZH's latest filing, from $805000.0 in the prior quarter.
- Over five years, Invested Capital peaked at $13.1 million in Q4 2021 and troughed at $758869.3 in Q2 2025.
- A 5-year average of $5.2 million and a median of $3.3 million in 2022 frame the typical range for Invested Capital.
- The sharpest annual moves came in 2023 and 2025: Invested Capital plunged 89.62% in 2023, then jumped 419.37% in 2025.
- Over 5 years, Invested Capital stood at $13.1 million in 2021, then slumped by 73.26% to $3.5 million in 2022, then gained by 3.43% to $3.6 million in 2023, then plunged by 73.72% to $950147.3 in 2024, then surged by 419.37% to $4.9 million in 2025.
- According to Business Quant data, Invested Capital over the past three periods registered $4.9 million, $805000.0, and $758869.3 for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 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 | - |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn | 2.16 Bn |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn | -1.53 Bn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn | 10.67 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | - |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn | 18.40 Mn |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | - | |
| 10 | Zhihu | 795.74 Mn | 320.56 Mn | 49.31 Bn | 4.93 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 4.93 Mn |
| Sep 30, 2025 | 805,000.00 |
| Jun 30, 2025 | 758,869.26 |
| Mar 31, 2025 | 842,000.00 |
| Dec 31, 2024 | 950,147.28 |
| Sep 30, 2024 | 1.10 Mn |
| Jun 30, 2024 | 1.47 Mn |
| Mar 31, 2024 | 1.31 Mn |
| Dec 31, 2023 | 3.62 Mn |
| Sep 30, 2023 | 1.26 Mn |
| Jun 30, 2023 | 2.29 Mn |
| Mar 31, 2023 | 3.07 Mn |
| Dec 31, 2022 | 3.50 Mn |
| Sep 30, 2022 | 12.13 Mn |
| Jun 30, 2022 | 12.76 Mn |
| Mar 31, 2022 | 12.83 Mn |
| Dec 31, 2021 | 13.07 Mn |
| Sep 30, 2021 | 10.31 Mn |
| Jun 30, 2021 | 8.41 Mn |
| Mar 31, 2021 | 8.98 Mn |