Zhihu (ZH) Shares Outstanding (Diluted Average) (2019 - 2025)

Zhihu has disclosed Shares Outstanding (Diluted Average) across 7 years of filings, most recently posting $33.8 million for Q4 2025.

• Shares Outstanding (Diluted Average) for Q4 2025 came in at $33.8 million, down 11.13% year-over-year; the trailing twelve-month figure through Dec 2025 was $33.8 million (down 11.13% YoY), and the FY2025 annual result was $33.8 million, down 11.13% from the prior year.
• Shares Outstanding (Diluted Average) came in at $33.8 million for Q4 2025 at Zhihu, up from $33.5 million in the prior quarter.
• In the past five years, Shares Outstanding (Diluted Average) ranged from a high of $247.3 million in Q2 2025 to a low of $11.0 million in Q1 2021.
• The 5-year median for Shares Outstanding (Diluted Average) is $41.7 million (2023), against an average of $49.8 million.
• Peak annual rise in Shares Outstanding (Diluted Average) reached 538.54% in 2025, while the deepest fall reached 14.57% in 2025.
• Zhihu's Shares Outstanding (Diluted Average) stood at $37.6 million in 2021, then grew by 14.1% to $42.9 million in 2022, then dropped by 3.07% to $41.5 million in 2023, then dropped by 8.33% to $38.1 million in 2024, then fell by 11.13% to $33.8 million in 2025.
• The last three Shares Outstanding (Diluted Average) figures came in at $33.8 million (Q4 2025), $33.5 million (Q3 2025), and $247.3 million (Q2 2025), per Business Quant data.