Zhihu (ZH) Revenue (2020 - 2026)

Zhihu has reported Revenue for 6 years, with the latest figure at $92.0 billion in Q4 2025.

• Quarterly Revenue fell 23.07% year-over-year to $92.0 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $284.3 billion (up 136.89% YoY) and the FY2025 annual result came in at $393.1 million, down 20.27% from the prior year.
• Revenue steadied at $92.0 billion in Q4 2025 per ZH's latest filing, from $92.1 billion in the prior quarter.
• Over five years, Revenue peaked at $119.6 billion in Q4 2024 and troughed at $73.0 million in Q1 2021.
• A 5-year average of $20.3 billion and a median of $136.6 million in 2023 frame the typical range for Revenue.
• The widest YoY moves for Revenue: up 77781.2% in 2025, down 24.44% in 2025.
• Over 5 years, Revenue stood at $159.9 million in 2021, then retreated by 2.07% to $156.6 million in 2022, then gained by 2.36% to $160.3 million in 2023, then jumped by 74508.34% to $119.6 billion in 2024, then fell by 23.07% to $92.0 billion in 2025.
• According to Business Quant data, Revenue over the past three periods registered $92.0 billion, $92.1 billion, and $100.1 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.