Zhihu (ZH) Other Operating Expenses (2020 - 2026)
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.
Analysis
Zhihu (ZH) Other Operating Expenses (2020 - 2026) 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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn |
| 10 | Zhihu | 220.44 Mn | -357.04 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -41.34 Bn |
| Dec 31, 2025 | -57.43 Bn |
| Sep 30, 2025 | -70.35 Bn |
| Jun 30, 2025 | -45.54 Bn |
| Mar 31, 2025 | -44.11 Bn |
| Dec 31, 2024 | -73.62 Bn |
| Sep 30, 2024 | -85.94 Mn |
| Jun 30, 2024 | -57.60 Bn |
| Mar 31, 2024 | -66.84 Mn |
| Dec 31, 2023 | 85.33 Mn |
| Sep 30, 2023 | -73.87 Mn |
| Jun 30, 2023 | -77.18 Mn |
| Mar 31, 2023 | -65.13 Mn |
| Dec 31, 2022 | -71.60 Mn |
| Sep 30, 2022 | -69.92 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 |