Zhihu (ZHIHF) Cost of Revenue (2020 - 2025)

Zhihu's Cost of Revenue history runs 6 years deep, the most recent figure standing at $0.04 for Q4 2025.

• In Q4 2025, Cost of Revenue fell 100.0% year-over-year to $0.04; the TTM figure through Dec 2025 stood at $73.2 billion (up 47689.0% YoY), while the FY2025 annual figure was $179.1 million, down 18.26% from the prior year.
• Cost of Revenue came in at $0.04 for Q4 2025 at Zhihu, down from $35.7 billion in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $37.5 billion in Q2 2025 to a low of $0.04 in Q4 2025.
• A 5-year average of $3.7 billion and a median of $64.6 million in 2022 frame the typical range for Cost of Revenue.
• On a YoY basis, Cost of Revenue climbed as much as 81999.9% in 2025 and fell as far as 100.0% in 2025.
• Zhihu's Cost of Revenue stood at $84.6 million in 2021, then dropped by 19.36% to $68.3 million in 2022, then decreased by 4.0% to $65.5 million in 2023, then sank by 99.93% to $44346.7 in 2024, then tumbled by 100.0% to $0.04 in 2025.
• According to Business Quant data, Cost of Revenue over the past three periods registered $0.04, $35.7 billion, and $37.5 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.

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