Zhihu (ZH) Long-Term Investments (2021 - 2025)

Zhihu has disclosed Long-Term Investments across 5 years of filings, most recently posting $19.9 million for Q4 2025.

• Long-Term Investments for Q4 2025 came in at $19.9 million, up 178.96% year-over-year; the trailing twelve-month figure through Dec 2025 was $19.9 million (up 178.96% YoY), and the FY2025 annual result was $22.7 million, up 223.23% from the prior year.
• Long-Term Investments came in at $19.9 million for Q4 2025 at Zhihu, down from $26.7 million in the prior quarter.
• In the past five years, Long-Term Investments ranged from a high of $26.7 million in Q3 2025 to a low of $1.8 million in Q2 2022.
• The 5-year median for Long-Term Investments is $5.3 million (2023), against an average of $7.8 million.
• Across the five-year window, Long-Term Investments plunged 38.41% in 2022 and jumped 266.51% in 2025, its largest moves.
• Zhihu's Long-Term Investments stood at $3.0 million in 2021, then plunged by 38.19% to $1.8 million in 2022, then surged by 235.17% to $6.2 million in 2023, then advanced by 14.96% to $7.1 million in 2024, then soared by 178.96% to $19.9 million in 2025.
• The last three Long-Term Investments figures came in at $19.9 million (Q4 2025), $26.7 million (Q3 2025), and $23.1 million (Q2 2025), per Business Quant data.