Zhihu (ZH) Revenue (2020 - 2025)

Zhihu has disclosed Revenue across 6 years of filings, most recently posting $92.0 billion for Q4 2025.

• Revenue for Q4 2025 came in at $92.0 billion, down 23.07% year-over-year; the trailing twelve-month figure through Dec 2025 was $284.3 billion (up 136.89% YoY), and the FY2025 annual result was $393.1 million, down 20.27% from the prior year.
• Revenue came in at $92.0 billion for Q4 2025 at Zhihu, roughly flat from $92.1 billion in the prior quarter.
• In the past five years, Revenue ranged from a high of $119.6 billion in Q4 2024 to a low of $73.0 million in Q1 2021.
• The 5-year median for Revenue is $136.6 million (2023), against an average of $20.3 billion.
• Peak annual rise in Revenue reached 77781.2% in 2025, while the deepest fall reached 24.44% in 2025.
• Zhihu's Revenue stood at $159.9 million in 2021, then declined by 2.07% to $156.6 million in 2022, then increased by 2.36% to $160.3 million in 2023, then surged by 74508.34% to $119.6 billion in 2024, then dropped by 23.07% to $92.0 billion in 2025.
• The last three Revenue figures came in at $92.0 billion (Q4 2025), $92.1 billion (Q3 2025), and $100.1 billion (Q2 2025), per Business Quant data.