Zhihu (ZH) Non Operating Income (2020 - 2025)

Zhihu's (ZH) quarterly Non Operating Income came in at -$356.0 million in Q4 2025, down 2362.99% year-on-year from $15.7 million in Q4 2024, and down 551.66% quarter-over-quarter from -$54.6 million in Q3 2025.

Zhihu (ZH) Non Operating Income (2020 - 2025) Analysis & Trends

Zhihu has disclosed Non Operating Income across 6 years of filings, most recently posting -$356.0 million for Q4 2025.

  • Non Operating Income for Q4 2025 came in at -$356.0 million, down 2362.99% year-over-year; the trailing twelve-month figure through Dec 2025 was $3.9 billion (up 17996.49% YoY), and the FY2025 annual result was $4.4 million, down 25.45% from the prior year.
  • Non Operating Income came in at -$356.0 million for Q4 2025 at Zhihu, down from -$54.6 million in the prior quarter.
  • In the past five years, Non Operating Income ranged from a high of $4.3 billion in Q2 2025 to a low of -$356.0 million in Q4 2025.
  • The 5-year median for Non Operating Income is $639272.1 (2022), against an average of $198.1 million.
  • Peak annual rise in Non Operating Income reached 197894.53% in 2025, while the deepest fall reached 2362.99% in 2025.
  • Zhihu's Non Operating Income stood at -$2.0 million in 2021, then jumped by 142.16% to $857544.3 in 2022, then surged by 146.87% to $2.1 million in 2023, then surged by 643.1% to $15.7 million in 2024, then tumbled by 2362.99% to -$356.0 million in 2025.
  • The last three Non Operating Income figures came in at -$356.0 million (Q4 2025), -$54.6 million (Q3 2025), and $4.3 billion (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Non Op. Inc. (Qtr)
1 Nebius 1,913,603.98 Bn 1,913,603.98 Bn 295.20 Mn 19.90 Mn
2 Alphabet 4,425.33 Bn 4,209.71 Bn 102.29 Bn 37.72 Bn
3 Meta Platforms 1,502.66 Bn 1,421.48 Bn 46.09 Bn -1.12 Bn
4 Spotify Technology 119.69 Bn 109.44 Bn 1.75 Bn 259.91 Mn
5 Reddit 33.22 Bn 30.45 Bn 511.94 Mn 22.82 Mn
6 Pinterest 13.64 Bn 12.34 Bn 768.96 Mn -994,000.00
7 Kanzhun 13.02 Bn 10.92 Bn 255.62 Bn 2.81 Bn
8 Snap 9.72 Bn 6.90 Bn 1.29 Bn -1.01 Mn
9 Zillow 8.26 Bn 7.48 Bn 519.00 Mn -
10 Zhihu 105.93 Mn -359.25 Mn 49.31 Bn -356.00 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -356.00 Mn
Sep 30, 2025 -54.63 Mn
Jun 30, 2025 4.34 Bn
Mar 31, 2025 331,000.00
Dec 31, 2024 15.73 Mn
Sep 30, 2024 3.39 Mn
Jun 30, 2024 2.19 Mn
Mar 31, 2024 421,000.00
Dec 31, 2023 2.12 Mn
Sep 30, 2023 3.73 Mn
Jun 30, 2023 89,000.00
Mar 31, 2023 922,000.00
Dec 31, 2022 857,544.27
Sep 30, 2022 -428,000.00
Jun 30, 2022 149,000.00
Mar 31, 2022 304,000.00
Dec 31, 2021 -2.03 Mn
Sep 30, 2021 1.19 Mn
Jun 30, 2021 -786,000.00
Mar 31, 2021 917,000.00