Zhihu (ZHIHF) Enterprise Value (2019 - 2025)
Zhihu recorded quarterly Enterprise Value of -$465.2 million in Q4 2025, up 12.27% quarter-over-quarter from -$530.3 million in Q3 2025, and up 25.39% year-over-year from -$371.0 million in Q4 2024.
Zhihu's Enterprise Value history runs 7 years deep, the most recent figure standing at -$465.2 million for Q4 2025.
- In Q4 2025, Enterprise Value rose 25.39% year-over-year to -$465.2 million; the TTM figure through Dec 2025 stood at -$465.2 million (up 25.39% YoY), while the FY2025 annual figure was -$465.0 million, up 13.86% from the prior year.
- Enterprise Value came in at -$465.2 million for Q4 2025 at Zhihu, up from -$530.3 million in the prior quarter.
- In the past five years, Enterprise Value ranged from a high of -$278.4 million in Q4 2023 to a low of -$1.1 billion in Q1 2021.
- A 5-year average of -$626.0 million and a median of -$615.6 million in 2021 frame the typical range for Enterprise Value.
- Across the five-year window, Enterprise Value plunged 127.05% in 2021 and surged 62.44% in 2023, its largest moves.
- Zhihu's Enterprise Value stood at -$686.5 million in 2021, then dropped by 7.98% to -$741.3 million in 2022, then surged by 62.44% to -$278.4 million in 2023, then sank by 123.91% to -$623.5 million in 2024, then advanced by 25.39% to -$465.2 million in 2025.
- According to Business Quant data, Enterprise Value over the past three periods registered -$465.2 million, -$530.3 million, and -$559.8 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,554.43 Bn | 4,338.81 Bn | 102.29 Bn | -215.62 Bn |
| 2 | Meta Platforms | 1,602.78 Bn | 1,521.60 Bn | 46.09 Bn | -81.18 Bn |
| 3 | Spotify Technology | 119.86 Bn | 109.62 Bn | 1.75 Bn | -10.24 Bn |
| 4 | 33.71 Bn | 30.94 Bn | 511.94 Mn | -2.77 Bn | |
| 5 | Nebius | 22.38 Bn | 22.38 Bn | 295.20 Mn | -9.30 Bn |
| 6 | 12.76 Bn | 11.46 Bn | 768.96 Mn | -1.30 Bn | |
| 7 | Kanzhun | 12.59 Bn | 10.49 Bn | 255.62 Bn | -2.10 Bn |
| 8 | Snap | 9.64 Bn | 6.81 Bn | 1.29 Bn | -2.82 Bn |
| 9 | Match | 8.43 Bn | 7.41 Bn | 653.28 Mn | -1.02 Bn |
| 10 | Zhihu | - | - | 49.31 Bn | -465.18 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -465.18 Mn |
| Sep 30, 2025 | -530.25 Mn |
| Jun 30, 2025 | -559.82 Mn |
| Mar 31, 2025 | -574.64 Mn |
| Dec 31, 2024 | -623.46 Mn |
| Sep 30, 2024 | -558.55 Mn |
| Jun 30, 2024 | -523.68 Mn |
| Mar 31, 2024 | -507.35 Mn |
| Dec 31, 2023 | -278.45 Mn |
| Sep 30, 2023 | -617.68 Mn |
| Jun 30, 2023 | -701.94 Mn |
| Mar 31, 2023 | -802.86 Mn |
| Dec 31, 2022 | -741.34 Mn |
| Sep 30, 2022 | -773.87 Mn |
| Jun 30, 2022 | -733.60 Mn |
| Mar 31, 2022 | -806.41 Mn |
| Dec 31, 2021 | -686.52 Mn |
| Sep 30, 2021 | -613.47 Mn |
| Jun 30, 2021 | -340.59 Mn |
| Mar 31, 2021 | -1.08 Bn |
| Dec 31, 2020 | -302.36 Mn |
| Dec 31, 2019 | -339.45 Mn |