Growth Metrics

Zhihu (ZHIHF) Equity Average (2021 - 2025)

Zhihu recorded quarterly Equity Average of $562.6 million in Q4 2025, down 3.52% quarter-over-quarter from $583.1 million in Q3 2025, and down 6.48% year-over-year from $601.6 million in Q4 2024.

Zhihu's Equity Average history runs 5 years deep, the most recent figure standing at $562.6 million for Q4 2025.

  • In Q4 2025, Equity Average fell 6.48% year-over-year to $562.6 million; the TTM figure through Dec 2025 stood at $562.6 million (down 6.48% YoY), while the FY2025 annual figure was $555.3 million, down 8.55% from the prior year.
  • Equity Average came in at $562.6 million for Q4 2025 at Zhihu, down from $583.1 million in the prior quarter.
  • In the past five years, Equity Average ranged from a high of $1.1 billion in Q2 2021 to a low of $177.6 million in Q1 2021.
  • A 5-year average of $742.8 million and a median of $689.0 million in 2023 frame the typical range for Equity Average.
  • On a YoY basis, Equity Average climbed as much as 479.23% in 2022 and fell as far as 23.8% in 2022.
  • Zhihu's Equity Average stood at $1.1 billion in 2021, then retreated by 23.8% to $816.3 million in 2022, then decreased by 18.17% to $667.9 million in 2023, then retreated by 9.92% to $601.6 million in 2024, then fell by 6.48% to $562.6 million in 2025.
  • According to Business Quant data, Equity Average over the past three periods registered $562.6 million, $583.1 million, and $580.3 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Avg. (Qtr)
1 Alphabet 4,554.43 Bn 4,338.81 Bn 102.29 Bn 447.01 Bn
2 Meta Platforms 1,602.78 Bn 1,521.60 Bn 46.09 Bn 230.46 Bn
3 Spotify Technology 119.86 Bn 109.62 Bn 1.75 Bn 9.54 Bn
4 Reddit 33.71 Bn 30.94 Bn 511.94 Mn 3.05 Bn
5 Nebius 22.38 Bn 22.38 Bn 295.20 Mn -
6 Pinterest 12.76 Bn 11.46 Bn 768.96 Mn 3.80 Bn
7 Kanzhun 12.59 Bn 10.49 Bn 255.62 Bn -
8 Snap 9.64 Bn 6.81 Bn 1.29 Bn 2.18 Bn
9 Match 8.43 Bn 7.41 Bn 653.28 Mn -235.76 Mn
10 Zhihu - - 49.31 Bn 562.65 Mn

Historic Data

Download Data 🔒
DateValue
Dec 31, 2025 562.65 Mn
Sep 30, 2025 583.15 Mn
Jun 30, 2025 580.26 Mn
Mar 31, 2025 578.64 Mn
Dec 31, 2024 601.64 Mn
Sep 30, 2024 612.33 Mn
Jun 30, 2024 614.89 Mn
Mar 31, 2024 638.64 Mn
Dec 31, 2023 667.91 Mn
Sep 30, 2023 710.00 Mn
Jun 30, 2023 771.35 Mn
Mar 31, 2023 803.08 Mn
Dec 31, 2022 816.25 Mn
Sep 30, 2022 870.21 Mn
Jun 30, 2022 956.01 Mn
Mar 31, 2022 1.03 Bn
Dec 31, 2021 1.07 Bn
Sep 30, 2021 1.10 Bn
Jun 30, 2021 1.12 Bn
Mar 31, 2021 177.60 Mn