Zhihu Income Statement (2019-2025) | ZH

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1Y 3Y 5Y 7Y 10Y All

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Income Statement	Dec2019	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025
Revenue & cost
Revenue		0.19B	0.38B	0.52B	0.48B	0.64B	0.82B	1.02B	0.74B	0.84B	0.91B	1.11B	0.99B	1.04B	1.02B	1.14B	0.96B	132.73B	0.12B	0.10B	100.38B	100.08B
Cost of Revenue		0.11B	0.16B	0.19B	0.21B	0.26B	0.40B	0.54B	0.41B	0.44B	0.47B	0.49B	0.48B	0.48B	0.47B	0.47B	0.42B	57.66B	0.04B	0.06B	38.32B	37.51B
Gross Profit		0.08B	0.22B	0.33B	0.27B	0.38B	0.42B	0.48B	0.34B	0.40B	0.44B	0.63B	0.51B	0.56B	0.55B	0.67B	0.54B	75.07B	0.08B	0.07B	62.06B	62.56B
Operating items
Research & Development		-0.09B	-0.08B	-0.08B	-0.11B	-0.12B	-0.18B	-0.21B	-0.17B	-0.22B	-0.16B	-0.21B	-0.18B	-0.24B	-0.25B	-0.23B	-0.20B	-27.26B	-0.03B	0.18B	-19.52B	-20.34B
Selling, General & Administrative		-0.08B	-0.05B	-0.11B	-0.16B	-0.16B	-0.19B	-0.18B	-0.31B	-0.10B	-0.08B	-0.12B	-0.10B	-0.11B	-0.11B	-0.09B	-0.09B	-12.84B	-0.01B	0.08B	-5.67B	-9.39B
Other Operating Expenses		-0.13B	-0.22B	-0.24B	-0.35B	-0.44B	-0.37B	-0.47B	-0.51B	-0.53B	-0.48B	-0.51B	-0.45B	-0.54B	-0.53B	-0.53B	-0.48B	-66.02B	-0.06B	0.40B	-44.11B	-45.54B
Operating Expenses		-0.29B	-0.35B	-0.44B	-0.62B	-0.73B	-0.75B	-0.86B	-0.98B	-0.86B	-0.72B	-0.84B	-0.73B	-0.89B	-0.90B	-0.85B	-0.77B	-106.12B	-0.09B	0.67B	-69.29B	-75.27B
Operating Income		-0.21B	-0.13B	-0.10B	-0.34B	-0.35B	-0.32B	-0.38B	-0.65B	-0.46B	-0.28B	1.15B	-0.22B	0.14B	-0.35B	0.74B	1.31B	-31.05B	-0.01B	0.00B	-7.24B	-0.01B	-0.01B
EBIT		-0.21B	-0.13B	-0.10B	-0.34B	-0.35B	-0.32B	-0.38B	-0.65B	-0.46B	-0.28B	1.15B	-0.22B	0.14B	-0.35B	0.74B	1.31B	-31.05B	-0.01B	0.00B	-7.24B	-0.01B	-0.01B
Non-operating items
Non Operating Investment Income		-0.00B	-0.04B	-0.05B			0.01B	0.01B	0.01B	-0.10B	-0.08B	-0.00B	-0.00B	-0.01B	-0.01B	0.01B	0.01B	1.30B	0.00B
Interest & Investment Income		0.02B	0.01B	0.01B	0.01B	0.01B	0.02B	0.02B	0.02B	0.02B	0.02B	0.01B	0.01B	0.01B	0.01B	0.01B	0.02B	2.33B	0.00B	0.00B	2.66B	19.66B
Other Non Operating Income		-0.02B	0.04B	0.04B	-0.00B	0.01B	0.01B	-0.03B	-0.00B	0.05B	0.03B	-0.00B	-0.01B	0.01B	-0.00B	-0.00B	0.00B	0.02B	-0.00B	0.01B	-0.01B	-0.01B
Non Operating Income	0.00B	0.01B	0.02B	0.00B	0.01B	0.03B	0.03B	0.04B	0.04B	0.04B	0.04B	0.05B	0.04B	0.04B	0.03B	-0.10B	0.04B	4.86B	0.00B	-0.01B	2.79B	4.19B
Net income details
EBT		-0.20B	-0.11B	-0.09B	-0.32B	-0.32B	-0.27B	-0.38B	-0.61B	-0.48B	-0.29B	-0.18B	-0.17B	-0.28B	-0.28B	-0.10B	-0.16B	-22.73B	-0.00B	0.01B	-1.42B	14.12B	-0.01B
Tax Provisions		-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.01B	-0.00B	-0.00B	-0.00B	-0.00B		-0.00B	-0.00B	-0.18B	0.00B	0.00B	0.03B	0.03B
Profit After Tax		-0.20B	-0.11B	-0.09B	-0.32B	-0.32B	-0.27B	-0.38B	-0.61B	-0.49B	-0.30B	1.17B	-0.18B	0.12B	-0.28B	0.62B	-0.16B	-22.90B	-0.00B	0.01B	-1.39B	10.12B	-0.01B
Income from Non-Controlling Interests											-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	0.00B	0.13B	-0.00B	0.00B	0.00B	0.00B
Income from Continuing Operations		-0.20B	-0.11B	-0.09B	-0.32B	-0.32B	-0.27B	-0.38B	-0.61B	-0.47B	-0.29B	-0.17B	-0.17B	-0.28B	-0.28B	-0.09B	-0.16B	-22.55B	-0.00B	0.01B	-1.45B	14.09B	-0.01B
Consolidated Net Income		-0.20B	-0.11B	-0.09B	-0.32B	-0.32B	-0.27B	-0.38B	-0.61B	-0.47B	-0.29B	-0.17B	-0.17B	-0.28B	-0.28B	-0.09B	-0.16B	-22.55B	-0.00B	0.01B	-1.45B	14.09B	-0.01B
Income towards Parent Company		-0.20B	-0.11B	-0.09B	-0.32B	-0.32B	-0.27B	-0.38B	-0.61B	-0.47B	-0.29B	-0.17B	-0.17B	-0.28B	-0.28B	-0.09B	-0.16B	-22.55B	-0.00B	0.01B	-1.45B	14.09B	-0.01B
Preferred Dividend Payments		-0.17B	-0.17B	-0.17B	-0.17B			0.20B
Net Income towards Common Stockholders		-0.37B	-0.28B	-0.26B	-0.50B	-0.32B	-0.27B	-0.38B	-0.61B	-0.49B	-0.30B	-0.18B	-0.18B	-0.28B	-0.28B	-0.10B	-0.16B	-22.77B	-0.00B	0.01B	-1.39B	10.12B	-0.01B
Additional items
EPS (Basic)				-0.93	-1.77	-1.09	-0.92	-1.30	-2.07	-1.62	-0.94	-0.59	-0.57	-0.92	-0.92	-0.36	-0.57	-80.88	-0.01	0.05	-5.42	41.38	-0.06
EPS (Weighted Average and Diluted)		-5.65	-4.30	-26.38	-6.93	-1.09	-0.91	-10.20	-2.04		-0.98	-4.19	-0.59	-0.92	-0.92	-2.50	-0.59	-587.89		0.35	-41.28	295.90
Shares Outstanding (Weighted Average)				0.28B	0.28B	0.29B	0.29B	0.30B	0.30B	0.30B	0.32B	0.31B	0.32B	0.30B	0.30B	0.29B	0.29B	0.28B	0.28B	0.26B	0.26B	0.24B	0.24B
Shares Outstanding (Diluted Average)	0.01B	0.06B	0.07B	0.01B	0.07B	0.29B	0.30B	0.04B	0.30B		0.31B	0.04B	0.31B	0.30B	0.30B	0.04B	0.28B	0.04B		0.04B	0.03B	0.03B
EBITDA		-0.21B	-0.13B	-0.10B	-0.34B	-0.35B	-0.32B	-0.38B	-0.65B	-0.46B	-0.28B	1.15B	-0.22B	0.14B	-0.35B	0.74B	1.31B	-31.05B	-0.01B	0.00B	-7.24B	-0.01B	-0.01B
Tax Rate		0.35%	0.31%	0.54%	0.17%	0.49%	0.11%	0.79%	0.39%	1.33%	0.90%	1.56%	2.77%	0.12%		5.02%	0.78%	0.78%		16.33%		0.23%

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Zhihu Income Statement (2019-2025) | ZH

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