Zhihu Inc. (ZH) Invested Capital (2019 - 2025)

Zhihu (ZH) has 7 years of Invested Capital data on file, last reported at $551.3 million in Q4 2025.

• Quarterly Invested Capital fell 5.77% year-over-year to $551.3 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $551.3 million (down 5.77% YoY) and the FY2025 annual result came in at $544.1 million, down 4.14% from the prior year.
• Invested Capital declined to $551.3 million in Q4 2025 per ZH's latest filing, from $579.7 million in the prior quarter.
• The five-year high for Invested Capital was $1.1 billion in Q4 2021, with the low at $8.4 million in Q2 2021.
• Average Invested Capital over 5 years is $618.1 million, with a median of $620.5 million recorded in 2024.
• The widest YoY moves for Invested Capital: up 11081.42% in 2022, down 24.64% in 2022.
• Zhihu's Invested Capital stood at $1.1 billion in 2021, then fell by 24.64% to $804.1 million in 2022, then retreated by 18.35% to $656.6 million in 2023, then decreased by 10.9% to $585.1 million in 2024, then retreated by 5.77% to $551.3 million in 2025.
• Business Quant data shows ZH's Invested Capital at $551.3 million in Q4 2025, $579.7 million in Q3 2025, and $588.1 million in Q2 2025.