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

Zhihu (ZH) has 6 years of Research & Development data on file, last reported at -$17.6 billion in Q4 2025.

• Quarterly Research & Development fell 1995478.23% year-over-year to -$17.6 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$38.0 billion (down 45873.56% YoY) and the FY2025 annual result came in at $75.1 million, down 25.2% from the prior year.
• Research & Development eased to -$17.6 billion in Q4 2025 per ZH's latest filing, from $397000.0 in the prior quarter.
• The five-year high for Research & Development was $32.8 million in Q4 2023, with the low at -$20.3 billion in Q2 2025.
• Average Research & Development over 5 years is -$1.9 billion, with a median of -$27.0 million recorded in 2023.
• Year-over-year, Research & Development jumped 209.64% in 2023 and sank 1995478.23% in 2025.
• Zhihu's Research & Development stood at -$32.6 million in 2021, then grew by 8.47% to -$29.9 million in 2022, then jumped by 209.64% to $32.8 million in 2023, then sank by 102.69% to -$882000.0 in 2024, then slumped by 1995478.23% to -$17.6 billion in 2025.
• Business Quant data shows ZH's Research & Development at -$17.6 billion in Q4 2025, $397000.0 in Q3 2025, and -$20.3 billion in Q2 2025.