Zhihu (ZH) Net Income (2020 - 2025)
Zhihu (ZH) posted Net Income of -$32.3 billion for Q4 2025, down 413.55% sequentially from -$6.3 billion in Q3 2025, and down 386.33% YoY from $11.3 billion in Q4 2024.
Zhihu (ZH) Net Income (2020 - 2025) Analysis & Trends
Zhihu has reported Net Income for 6 years, with the latest figure at -$32.3 billion in Q4 2025.
- Quarterly Net Income fell 386.33% year-over-year to -$32.3 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$20.7 billion (down 301.39% YoY) and the FY2025 annual result came in at -$27.5 million, down 16.73% from the prior year.
- Net Income declined to -$32.3 billion in Q4 2025 per ZH's latest filing, from -$6.3 billion in the prior quarter.
- Over five years, Net Income peaked at $18.0 billion in Q2 2025 and troughed at -$32.3 billion in Q4 2025.
- A 5-year average of -$547.0 million and a median of -$40.0 million in 2022 frame the typical range for Net Income.
- The sharpest annual moves came in 2024 and 2025: Net Income soared 74121.46% in 2024, then slumped 414646.77% in 2025.
- Over 5 years, Net Income stood at -$59.2 million in 2021, then soared by 58.02% to -$24.9 million in 2022, then jumped by 161.19% to $15.2 million in 2023, then jumped by 74121.46% to $11.3 billion in 2024, then sank by 386.33% to -$32.3 billion in 2025.
- According to Business Quant data, Net Income over the past three periods registered -$32.3 billion, -$6.3 billion, and $18.0 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,171.60 Bn | 3,742.56 Bn | 73.85 Bn | 112.19 Bn |
| 2 | Meta Platforms | 1,531.80 Bn | 1,441.54 Bn | 49.47 Bn | 15.85 Bn |
| 3 | Taboola.com | 1,144.63 Bn | 1,144.50 Bn | 139.48 Mn | 4.32 Mn |
| 4 | Baidu | 288.94 Bn | 284.45 Bn | 1.88 Mn | 475.12 Mn |
| 5 | Spotify Technology | 103.19 Bn | 92.95 Bn | 1.75 Bn | 844.11 Mn |
| 6 | Joyy | 77.45 Bn | 76.56 Bn | 205.64 Mn | -168.19 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 80,765.00 |
| 8 | Nebius | 49.58 Bn | 39.95 Bn | 295.20 Mn | 2.11 |
| 9 | 30.21 Bn | 27.43 Bn | 734.60 Mn | 252.85 Mn | |
| 10 | Zhihu | 793.34 Mn | 318.16 Mn | 49.31 Bn | -32.32 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -32.32 Bn |
| Sep 30, 2025 | -6.29 Bn |
| Jun 30, 2025 | 17.95 Bn |
| Mar 31, 2025 | -33.44 Mn |
| Dec 31, 2024 | 11.29 Bn |
| Sep 30, 2024 | -1.52 Mn |
| Jun 30, 2024 | -986.75 Mn |
| Mar 31, 2024 | -22.78 Mn |
| Dec 31, 2023 | 15.21 Mn |
| Sep 30, 2023 | -38.19 Mn |
| Jun 30, 2023 | -38.53 Mn |
| Mar 31, 2023 | -24.75 Mn |
| Dec 31, 2022 | -24.85 Mn |
| Sep 30, 2022 | -41.47 Mn |
| Jun 30, 2022 | -71.92 Mn |
| Mar 31, 2022 | -96.03 Mn |
| Dec 31, 2021 | -59.20 Mn |
| Sep 30, 2021 | -41.78 Mn |
| Jun 30, 2021 | -49.49 Mn |
| Mar 31, 2021 | -49.48 Mn |