Zhihu (ZH) Invested Capital (2021 - 2026)

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.