Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Consolidated Net IncomeCost of RevenueEBITEBITDAEBTEPS (Basic)EPS (Weighted Average and Diluted)Gross ProfitIncome from Continuing OperationsIncome from Non-Controlling InterestsIncome towards Parent CompanyInterest & Investment IncomeNet Income - MinorityNet Income towards Common StockholdersNon Operating IncomeOperating ExpensesOperating IncomeOther Non Operating IncomeOther Operating ExpensesProfit After TaxResearch & DevelopmentRevenueSelling, General & AdministrativeShares OutstandingShares Outstanding (Diluted Average)Shares Outstanding (Weighted Average)Tax ProvisionsTax RateTax Rate
Others
Ratios

Zhihu (ZH) Research & Development (2020 - 2025)

Zhihu's Research & Development history spans 6 years, with the latest figure at -$17.6 billion for Q4 2025.

  • On a quarterly basis, Research & Development fell 1995478.23% to -$17.6 billion in Q4 2025 year-over-year; TTM through Dec 2025 was -$38.0 billion, a 45873.56% decrease, with the full-year FY2025 number at $75.1 million, down 25.2% from a year prior.
  • Research & Development hit -$17.6 billion in Q4 2025 for Zhihu, down from $397000.0 in the prior quarter.
  • Over the last five years, Research & Development for ZH hit a ceiling of $32.8 million in Q4 2023 and a floor of -$20.3 billion in Q2 2025.
  • Historically, Research & Development has averaged -$1.9 billion across 5 years, with a median of -$27.0 million in 2023.
  • Biggest five-year swings in Research & Development: surged 209.64% in 2023 and later plummeted 1995478.23% in 2025.
  • Tracing ZH's Research & Development over 5 years: stood at -$32.6 million in 2021, then increased by 8.47% to -$29.9 million in 2022, then surged by 209.64% to $32.8 million in 2023, then plummeted by 102.69% to -$882000.0 in 2024, then plummeted by 1995478.23% to -$17.6 billion in 2025.
  • Business Quant data shows Research & Development for ZH at -$17.6 billion in Q4 2025, $397000.0 in Q3 2025, and -$20.3 billion in Q2 2025.