Zhihu (ZHIHF) EBIAT (2020 - 2025)
Zhihu recorded quarterly EBIAT of -$30.1 billion in Q4 2025, down 361.55% quarter-over-quarter from -$6.5 billion in Q3 2025, and down 350.6% year-over-year from $12.0 billion in Q4 2024.
Zhihu's EBIAT history runs 6 years deep, the most recent figure standing at -$30.1 billion for Q4 2025.
- In Q4 2025, EBIAT fell 350.6% year-over-year to -$30.1 billion; the TTM figure through Dec 2025 stood at -$26.6 billion (down 321.44% YoY), while the FY2025 annual figure was -$27.5 million, down 18.89% from the prior year.
- EBIAT came in at -$30.1 billion for Q4 2025 at Zhihu, down from -$6.5 billion in the prior quarter.
- In the past five years, EBIAT ranged from a high of $12.0 billion in Q4 2024 to a low of -$30.1 billion in Q4 2025.
- A 5-year average of -$754.5 million and a median of -$38.3 million in 2023 frame the typical range for EBIAT.
- On a YoY basis, EBIAT climbed as much as 91318.9% in 2025 and fell as far as 521299.16% in 2025.
- Zhihu's EBIAT stood at -$60.1 million in 2021, then jumped by 58.03% to -$25.2 million in 2022, then soared by 157.54% to $14.5 million in 2023, then soared by 82722.95% to $12.0 billion in 2024, then sank by 350.6% to -$30.1 billion in 2025.
- According to Business Quant data, EBIAT over the past three periods registered -$30.1 billion, -$6.5 billion, and $10.1 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIAT (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,554.43 Bn | 4,338.81 Bn | 102.29 Bn | 62.58 Bn |
| 2 | Meta Platforms | 1,602.78 Bn | 1,521.60 Bn | 46.09 Bn | 26.77 Bn |
| 3 | Spotify Technology | 119.86 Bn | 109.62 Bn | 1.75 Bn | 844.11 Mn |
| 4 | 33.71 Bn | 30.94 Bn | 511.94 Mn | 203.98 Mn | |
| 5 | Nebius | 22.38 Bn | 22.38 Bn | 295.20 Mn | - |
| 6 | 12.76 Bn | 11.46 Bn | 768.96 Mn | -73.59 Mn | |
| 7 | Kanzhun | 12.59 Bn | 10.49 Bn | 255.62 Bn | 162.53 Bn |
| 8 | Snap | 9.64 Bn | 6.81 Bn | 1.29 Bn | -88.95 Mn |
| 9 | Match | 8.43 Bn | 7.41 Bn | 653.28 Mn | 166.84 Mn |
| 10 | Zhihu | - | - | 49.31 Bn | -30.14 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -30.14 Bn |
| Sep 30, 2025 | -6.53 Bn |
| Jun 30, 2025 | 10.12 Bn |
| Mar 31, 2025 | -1.39 Mn |
| Dec 31, 2024 | 12.03 Bn |
| Sep 30, 2024 | -1.25 Mn |
| Jun 30, 2024 | -11.09 Mn |
| Mar 31, 2024 | -22.96 Mn |
| Dec 31, 2023 | 14.52 Mn |
| Sep 30, 2023 | -38.16 Mn |
| Jun 30, 2023 | -38.49 Mn |
| Mar 31, 2023 | -26.06 Mn |
| Dec 31, 2022 | -25.24 Mn |
| Sep 30, 2022 | -41.83 Mn |
| Jun 30, 2022 | -72.71 Mn |
| Mar 31, 2022 | -96.90 Mn |
| Dec 31, 2021 | -60.15 Mn |
| Sep 30, 2021 | -41.87 Mn |
| Jun 30, 2021 | -49.73 Mn |
| Mar 31, 2021 | -49.56 Mn |
| Dec 31, 2020 | -13.59 Mn |
| Sep 30, 2020 | -15.90 Mn |
| Jun 30, 2020 | -16.39 Mn |
| Mar 31, 2020 | -28.85 Mn |