Zhihu (ZH) Retained Earnings (2020 - 2025)
Zhihu (ZH) posted Retained Earnings of -$1.3 billion for Q4 2025, down 170.06% sequentially from $1.8 billion in Q4 2024, and down 170.06% YoY from $1.8 billion in Q4 2024.
Analysis
Zhihu (ZH) Retained Earnings (2020 - 2025) Analysis & Trends
Zhihu has reported Retained Earnings for 6 years, with the latest figure at -$1.3 billion in Q4 2025.
- Quarterly Retained Earnings fell 170.06% year-over-year to -$1.3 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$1.3 billion (down 170.06% YoY) and the FY2025 annual result came in at -$1.3 billion, down 76582.31% from the prior year.
- Retained Earnings fell to -$1.3 billion in Q4 2025 per ZH's latest filing, from $1.8 billion in the prior quarter.
- Over five years, Retained Earnings peaked at $2.1 billion in Q4 2021 and troughed at -$1.3 billion in Q4 2025.
- A 5-year average of $899.7 million and a median of $1.8 billion in 2024 frame the typical range for Retained Earnings.
- The sharpest annual moves came in 2023 and 2025: Retained Earnings surged 20344.8% in 2023, then sank 170.06% in 2025.
- Over 5 years, Retained Earnings stood at $2.1 billion in 2021, then sank by 100.44% to -$9.3 million in 2022, then soared by 20344.8% to $1.9 billion in 2023, then decreased by 2.55% to $1.8 billion in 2024, then tumbled by 170.06% to -$1.3 billion in 2025.
- According to Business Quant data, Retained Earnings over the past three periods registered -$1.3 billion, $1.8 billion, and $1.9 billion for Q4 2025, Q4 2024, and Q4 2023 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 493.37 Bn |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 157.84 Bn |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 7.70 Bn |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | 3.73 Bn |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 3.50 Bn | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | - |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | 5.15 Bn |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | 2.89 Bn | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | -5.63 Bn |
| 10 | Zhihu | 220.44 Mn | -357.04 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 1.86 Bn |
| Dec 31, 2024 | 1.83 Bn |
| Dec 31, 2023 | 1.87 Bn |
| Dec 31, 2022 | 1.91 Bn |
| Dec 31, 2021 | 2.09 Bn |
| Dec 31, 2020 | -746.71 Mn |