Zhihu (ZHIHF) EBT (2020 - 2025)
Zhihu recorded quarterly EBT of -$31.2 billion in Q4 2025, down 387.07% quarter-over-quarter from -$6.4 billion in Q3 2025, and down 367.9% year-over-year from $11.7 billion in Q4 2024.
Zhihu's EBT history runs 6 years deep, the most recent figure standing at -$31.2 billion for Q4 2025.
- In Q4 2025, EBT fell 367.9% year-over-year to -$31.2 billion; the TTM figure through Dec 2025 stood at -$23.5 billion (down 302.42% YoY), while the FY2025 annual figure was -$24.8 million, down 1.51% from the prior year.
- EBT came in at -$31.2 billion for Q4 2025 at Zhihu, down from -$6.4 billion in the prior quarter.
- In the past five years, EBT ranged from a high of $14.1 billion in Q2 2025 to a low of -$31.2 billion in Q4 2025.
- A 5-year average of -$621.3 million and a median of -$38.2 million in 2023 frame the typical range for EBT.
- On a YoY basis, EBT climbed as much as 117150.73% in 2025 and fell as far as 453370.52% in 2025.
- Zhihu's EBT stood at -$59.7 million in 2021, then surged by 58.35% to -$24.9 million in 2022, then surged by 155.64% to $13.8 million in 2023, then jumped by 84198.55% to $11.7 billion in 2024, then sank by 367.9% to -$31.2 billion in 2025.
- According to Business Quant data, EBT over the past three periods registered -$31.2 billion, -$6.4 billion, and $14.1 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,554.43 Bn | 4,338.81 Bn | 102.29 Bn | 77.41 Bn |
| 2 | Meta Platforms | 1,602.78 Bn | 1,521.60 Bn | 46.09 Bn | 21.75 Bn |
| 3 | Spotify Technology | 119.86 Bn | 109.62 Bn | 1.75 Bn | 1.10 Bn |
| 4 | 33.71 Bn | 30.94 Bn | 511.94 Mn | 205.73 Mn | |
| 5 | Nebius | 22.38 Bn | 22.38 Bn | 295.20 Mn | 615.40 Mn |
| 6 | 12.76 Bn | 11.46 Bn | 768.96 Mn | -63.50 Mn | |
| 7 | Kanzhun | 12.59 Bn | 10.49 Bn | 255.62 Bn | 206.54 Bn |
| 8 | Snap | 9.64 Bn | 6.81 Bn | 1.29 Bn | -85.76 Mn |
| 9 | Match | 8.43 Bn | 7.41 Bn | 653.28 Mn | 200.53 Mn |
| 10 | Zhihu | - | - | 49.31 Bn | -31.23 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -31.23 Bn |
| Sep 30, 2025 | -6.41 Bn |
| Jun 30, 2025 | 14.12 Bn |
| Mar 31, 2025 | -1.42 Mn |
| Dec 31, 2024 | 11.66 Bn |
| Sep 30, 2024 | -1.41 Mn |
| Jun 30, 2024 | -12.06 Mn |
| Mar 31, 2024 | -22.78 Mn |
| Dec 31, 2023 | 13.83 Mn |
| Sep 30, 2023 | -38.19 Mn |
| Jun 30, 2023 | -38.17 Mn |
| Mar 31, 2023 | -25.36 Mn |
| Dec 31, 2022 | -24.85 Mn |
| Sep 30, 2022 | -41.46 Mn |
| Jun 30, 2022 | -71.76 Mn |
| Mar 31, 2022 | -96.52 Mn |
| Dec 31, 2021 | -59.67 Mn |
| Sep 30, 2021 | -41.83 Mn |
| Jun 30, 2021 | -49.49 Mn |
| Mar 31, 2021 | -49.48 Mn |
| Dec 31, 2020 | -13.52 Mn |
| Sep 30, 2020 | -15.85 Mn |
| Jun 30, 2020 | -16.45 Mn |
| Mar 31, 2020 | -28.75 Mn |