Growth Metrics

Zhihu (ZHIHF) Net Income (2020 - 2025)

Zhihu recorded quarterly Net Income of -$32.3 billion in Q4 2025, down 413.55% quarter-over-quarter from -$6.3 billion in Q3 2025, and down 386.34% year-over-year from $11.3 billion in Q4 2024.

Zhihu's Net Income history runs 6 years deep, the most recent figure standing at -$32.3 billion for Q4 2025.

  • In Q4 2025, Net Income fell 386.34% year-over-year to -$32.3 billion; the TTM figure through Dec 2025 stood at -$20.5 billion (down 299.72% YoY), while the FY2025 annual figure was -$27.5 million, down 18.87% from the prior year.
  • Net Income came in at -$32.3 billion for Q4 2025 at Zhihu, down from -$6.3 billion in the prior quarter.
  • In the past five years, Net Income ranged from a high of $18.1 billion in Q2 2025 to a low of -$32.3 billion in Q4 2025.
  • A 5-year average of -$538.3 million and a median of -$39.7 million in 2022 frame the typical range for Net Income.
  • Across the five-year window, Net Income soared 77667.98% in 2024 and sank 414646.77% in 2025, its largest moves.
  • Zhihu's Net Income stood at -$59.2 million in 2021, then surged by 58.67% to -$24.5 million in 2022, then soared by 159.32% to $14.5 million in 2023, then jumped by 77667.98% to $11.3 billion in 2024, then sank by 386.34% to -$32.3 billion in 2025.
  • According to Business Quant data, Net Income over the past three periods registered -$32.3 billion, -$6.3 billion, and $18.1 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Income (Qtr)
1 Alphabet 4,554.43 Bn 4,338.81 Bn 102.29 Bn 62.58 Bn
2 Meta Platforms 1,602.78 Bn 1,521.60 Bn 46.09 Bn 26.77 Bn
3 Spotify Technology 119.86 Bn 109.62 Bn 1.75 Bn 1.10 Bn
4 Reddit 33.71 Bn 30.94 Bn 511.94 Mn 203.98 Mn
5 Nebius 22.38 Bn 22.38 Bn 295.20 Mn 621.20 Mn
6 Pinterest 12.76 Bn 11.46 Bn 768.96 Mn -73.59 Mn
7 Kanzhun 12.59 Bn 10.49 Bn 255.62 Bn 248.85 Bn
8 Snap 9.64 Bn 6.81 Bn 1.29 Bn -88.96 Mn
9 Match 8.43 Bn 7.41 Bn 653.28 Mn 166.83 Mn
10 Zhihu - - 49.31 Bn -32.32 Bn

Historic Data

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DateValue
Dec 31, 2025 -32.32 Bn
Sep 30, 2025 -6.29 Bn
Jun 30, 2025 18.12 Bn
Mar 31, 2025 -33.48 Mn
Dec 31, 2024 11.29 Bn
Sep 30, 2024 -1.52 Mn
Jun 30, 2024 -987.72 Mn
Mar 31, 2024 -22.61 Mn
Dec 31, 2023 14.51 Mn
Sep 30, 2023 -38.23 Mn
Jun 30, 2023 -37.84 Mn
Mar 31, 2023 -24.66 Mn
Dec 31, 2022 -24.47 Mn
Sep 30, 2022 -41.09 Mn
Jun 30, 2022 -70.81 Mn
Mar 31, 2022 -96.15 Mn
Dec 31, 2021 -59.20 Mn
Sep 30, 2021 -41.78 Mn
Jun 30, 2021 -49.24 Mn
Mar 31, 2021 -49.39 Mn
Dec 31, 2020 -13.44 Mn
Sep 30, 2020 -15.80 Mn
Jun 30, 2020 -16.51 Mn
Mar 31, 2020 -28.65 Mn