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 | 33.71 Bn | 30.94 Bn | 511.94 Mn | 3.05 Bn | |
| 5 | Nebius | 22.38 Bn | 22.38 Bn | 295.20 Mn | - |
| 6 | 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| Date | Value |
|---|---|
| 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 |