Zhihu (ZHIHF) Intangibles (2020 - 2025)

Zhihu's Intangibles history runs 6 years deep, the most recent figure standing at $21.9 million for Q4 2025.

• In Q4 2025, Intangibles rose 188.54% year-over-year to $21.9 million; the TTM figure through Dec 2025 stood at $21.9 million (up 188.54% YoY), while the FY2025 annual figure was $4.2 million, down 43.37% from the prior year.
• Intangibles came in at $21.9 million for Q4 2025 at Zhihu, up from $6.1 million in the prior quarter.
• In the past five years, Intangibles ranged from a high of $29.8 million in Q4 2023 to a low of $2.8 million in Q2 2021.
• A 5-year average of $11.3 million and a median of $9.6 million in 2021 frame the typical range for Intangibles.
• Across the five-year window, Intangibles jumped 215.6% in 2022 and tumbled 74.5% in 2024, its largest moves.
• Zhihu's Intangibles stood at $10.7 million in 2021, then grew by 5.59% to $11.3 million in 2022, then soared by 163.92% to $29.8 million in 2023, then sank by 74.5% to $7.6 million in 2024, then soared by 188.54% to $21.9 million in 2025.
• According to Business Quant data, Intangibles over the past three periods registered $21.9 million, $6.1 million, and $6.6 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

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