Revenue
2021
2022
2023
2024
2025
Zhihu Inc. (ZH)
Price$3.60Cached quote
Net income
2021
2022
2023
2024
2025
Free cash flow
2021
2022
2023
2024
2025
Total cash / debt
CashTotal debt
2020
2021
2022
2023
2024
2025
Financial statements
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $393.1M | $493.0M | $591.4M | $522.7M | $464.4M | — | — |
| Gross profit | $235.6M | $298.8M | $323.4M | $262.1M | $243.8M | — | — |
| Gross margin | 59.94% | 60.60% | 54.68% | 50.16% | 52.51% | — | — |
| Research & development | $75.1M | $100.4M | $127.0M | $110.7M | $97.2M | — | — |
| Operating expenses | $308.2M | $364.7M | $474.4M | $494.7M | $462.1M | — | — |
| Operating income | −$72.5M | −$65.9M | −$151.0M | −$232.5M | −$218.2M | — | — |
| Operating margin | −18.45% | −13.37% | −25.54% | −44.49% | −46.99% | — | — |
| EBITDA | −$69.8M | −$62.9M | −$147.5M | −$228.9M | −$214.9M | — | — |
| EBITDA margin | −17.76% | −12.76% | −24.94% | −43.79% | −46.27% | — | — |
| Net income | −$27.9M | −$23.1M | −$118.2M | −$228.8M | −$203.8M | — | — |
| Net profit margin | −7.10% | −4.70% | −19.99% | −43.78% | −43.89% | — | — |
| Basic EPSper basic share | -$0.11 | -$0.09 | -$0.40 | -$0.75 | -$0.96 | — | — |
| Diluted EPSper diluted share | -$0.11 | -$0.09 | -$0.40 | -$0.75 | -$0.96 | — | — |
Owners
Reported shareholders
Reported holdings Number of shares
View holders
| Holder | Shares held |
|---|---|
FIL Ltd | 3.64M |
ACADIAN ASSET MANAGEMENT LLC | 2.95M |
GOLDMAN SACHS GROUP INC | 577.57K |
First Beijing Investment Ltd | 551.05K |
E Fund Management (Hong Kong) Co., Ltd. | 508.02K |
E Fund Management Co., Ltd. | 508.02K |
Dodge & Cox | 501.09K |
STATE STREET CORP | 469.16K |
UBS Group AG | 454.89K |
Maven Securities LTD | 400.39K |
MORGAN STANLEY | 232.94K |
Oasis Management Co Ltd. | 225K |
Harvest Fund Management Co., Ltd | 210K |
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 168.26K |
JANE STREET GROUP, LLC | 148.15K |
XTX Topco Ltd | 133.21K |
CITADEL ADVISORS LLC | 111.82K |
JPMORGAN CHASE & CO | 104.57K |
SEI INVESTMENTS CO | 103.61K |
TWO SIGMA INVESTMENTS, LP | 99.46K |
Bars compare reported share counts. A matching total for this share class and reporting period is unavailable, so percentages are not shown.
Source: SEC Form 13F ↗Updated Sep 29, 2026 · Quarterly data
Insider buys & sells
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Jun 5, 2026Form 4 | Cheng Li-LanDirector | SellClass A ordinary shares | 360 | $2.85 | $1.0K | 33.5K |