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.
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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 Bn | 493.37 Bn |
| 2 | Meta Platforms | 1,523.46 Bn | 1,433.20 Bn | 49.47 Bn | 157.84 Bn |
| 3 | Taboola.com | 1,141.85 Bn | 1,141.71 Bn | 139.48 Mn | 1.44 Bn |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn | - |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn | 3.02 Bn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn | 4.70 Bn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | -16.67 Mn |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn | 3.92 Bn |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | 3.50 Bn | |
| 10 | Zhihu | 795.74 Mn | 320.56 Mn | 49.31 Bn | -1.28 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -1.28 Bn |
| Dec 31, 2024 | 1.83 Bn |
| Dec 31, 2023 | 1.87 Bn |
| Dec 31, 2022 | -9.25 Mn |
| Dec 31, 2021 | 2.09 Bn |
| Dec 31, 2020 | -746.71 Mn |