Zhihu (ZHIHF) EBITDA (2020 - 2025)

Zhihu's EBITDA history runs 6 years deep, the most recent figure standing at -$37.7 billion for Q4 2025.

• In Q4 2025, EBITDA fell 2384.11% year-over-year to -$37.7 billion; the TTM figure through Dec 2025 stood at -$64.4 billion (up 99.45% YoY), while the FY2025 annual figure was -$6.1 million, up 90.72% from the prior year.
• EBITDA came in at -$37.7 billion for Q4 2025 at Zhihu, down from -$13.9 billion in the prior quarter.
• In the past five years, EBITDA ranged from a high of $1.7 billion in Q4 2024 to a low of -$11766.6 billion in Q3 2024.
• A 5-year average of -$591.5 billion and a median of -$49.0 million in 2021 frame the typical range for EBITDA.
• On a YoY basis, EBITDA climbed as much as 6482.98% in 2024 and fell as far as 24520698.42% in 2024.
• Zhihu's EBITDA stood at -$58.9 million in 2021, then soared by 48.35% to -$30.4 million in 2022, then jumped by 182.51% to $25.1 million in 2023, then jumped by 6482.98% to $1.7 billion in 2024, then slumped by 2384.11% to -$37.7 billion in 2025.
• According to Business Quant data, EBITDA over the past three periods registered -$37.7 billion, -$13.9 billion, and -$12.7 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison