Zhihu (ZH) Other Operating Expenses (2020 - 2025)

Zhihu (ZH) posted Other Operating Expenses of -$39.4 billion for Q4 2025, up 44.05% sequentially from -$70.3 billion in Q3 2025, and up 46.54% YoY from -$26.9 billion in Q4 2024.

Zhihu (ZH) Other Operating Expenses (2020 - 2025) Analysis & Trends

Zhihu has reported Other Operating Expenses for 6 years, with the latest figure at -$39.4 billion in Q4 2025.

  • Quarterly Other Operating Expenses rose 46.54% year-over-year to -$39.4 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$184.3 billion (down 149.63% YoY) and the FY2025 annual result came in at $18.0 billion, up 7988.67% from the prior year.
  • Other Operating Expenses improved to -$39.4 billion in Q4 2025 per ZH's latest filing, from -$70.3 billion in the prior quarter.
  • Over five years, Other Operating Expenses peaked at $85.3 million in Q4 2023 and troughed at -$74.5 billion in Q2 2025.
  • A 5-year average of -$12.9 billion and a median of -$72.4 million in 2022 frame the typical range for Other Operating Expenses.
  • The sharpest annual moves came in 2023 and 2025: Other Operating Expenses surged 219.18% in 2023, then sank 129819.66% in 2025.
  • Over 5 years, Other Operating Expenses stood at -$73.8 million in 2021, then grew by 2.96% to -$71.6 million in 2022, then soared by 219.18% to $85.3 million in 2023, then slumped by 86369.83% to -$73.6 billion in 2024, then soared by 46.54% to -$39.4 billion in 2025.
  • According to Business Quant data, Other Operating Expenses over the past three periods registered -$39.4 billion, -$70.3 billion, and -$74.5 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Alphabet 4,228.49 Bn 3,799.45 Bn 73.85 Bn
2 Meta Platforms 1,535.92 Bn 1,445.66 Bn 49.47 Bn
3 Taboola.com 1,134.89 Bn 1,134.76 Bn 139.48 Mn
4 Baidu 289.51 Bn 285.02 Bn 1.88 Mn
5 Spotify Technology 102.68 Bn 92.45 Bn 1.75 Bn
6 Joyy 77.91 Bn 77.02 Bn 205.64 Mn
7 BILI Social International 60.58 Bn 60.58 Bn 405,933.00
8 Nebius 49.37 Bn 39.74 Bn 295.20 Mn
9 Reddit 30.48 Bn 27.69 Bn 734.60 Mn
10 Zhihu 792.14 Mn 316.96 Mn 49.31 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 -39.36 Bn
Sep 30, 2025 -70.35 Bn
Jun 30, 2025 -74.55 Bn
Mar 31, 2025 -44.18 Mn
Dec 31, 2024 -73.62 Bn
Sep 30, 2024 -85.94 Mn
Jun 30, 2024 -57.38 Mn
Mar 31, 2024 -66.20 Mn
Dec 31, 2023 85.33 Mn
Sep 30, 2023 -73.24 Mn
Jun 30, 2023 -74.55 Mn
Mar 31, 2023 -65.13 Mn
Dec 31, 2022 -71.60 Mn
Sep 30, 2022 -67.24 Mn
Jun 30, 2022 -80.73 Mn
Mar 31, 2022 -79.82 Mn
Dec 31, 2021 -73.78 Mn
Sep 30, 2021 -58.15 Mn
Jun 30, 2021 -68.65 Mn
Mar 31, 2021 -52.91 Mn