Symbols / ZH Stock $3.06 -2.08% Zhihu Inc.

Communication Services • Internet Content & Information • China • NYQ
ZH (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Communication Services
Industry Internet Content & Information
CEO Mr. Yuan Zhou
Exch · Country NYQ · China
Market Cap 264.30M
Enterprise Value -3.94B
Income -191.31M
Sales 2.67B
FCF (ttm) —
Book/sh 7.03
Cash/sh 55.43
Employees 1,154
Insider 10d —
IPO Mar 26, 2021
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 18.53
Forward P/E 23.33
PEG —
P/S 0.10
P/B 0.43
P/C —
EV/EBITDA 10.56
EV/Sales -1.47
Quick Ratio 3.71
Current Ratio 3.78
Debt/Eq 0.72
LT Debt/Eq —
EPS (ttm) -0.36
EPS next Y 0.13
EPS Growth —
Revenue Growth -10.70%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-08-26
Earnings (prior) 2026-03-25
ROA -4.53%
ROE -4.85%
ROIC —
Gross Margin 59.34%
Oper. Margin -9.65%
Profit Margin -7.16%
Shs Outstand 81.44M
Shs Float 30.02M
Insider Own 14.59%
Instit Own 17.27%
Short Float 2.12%
Short Ratio 6.91
Short Interest 1.29M
52W High 5.55
vs 52W High -44.95%
52W Low 2.57
vs 52W Low 18.87%
Beta 0.28
Impl. Vol. 1.59%
Rel Volume 0.30
Avg Volume 312.42K
Volume 94.57K
Target (mean) $4.56
Tgt Median $4.49
Tgt Low $3.60
Tgt High $5.70
# Analysts 7
Recom Strong_buy
Prev Close $3.12
Price $3.06
Change -2.08%
About

Zhihu Inc., together with its subsidiaries, operates an online content community in the People's Republic of China. The company offers contents in various categories, including career development, science and technology, business and finance, consumer decision-making, lifestyle, entertainment, and others. It also provides Yan Selection membership program which provides premium content items, such as fictional stories and novels, other books and magazines, live and recorded lectures, and audio books. In addition, the company offers marketing services comprising online advertising services and content-commerce solutions; and content-related services, including vocational training and other content-based offering. Further, it is involved in the provision of technology, business support, consulting, and internet services, as well as holds audio-visual permit. The company was formerly known as Zhihu Technology Limited and changed its name to Zhihu Inc. in October 2020. Zhihu Inc. was founded in 2010 and is headquartered in Beijing, the People's Republic of China.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$4.56
Mean price target
2. Current target
$3.06
Latest analyst target
3. DCF / Fair value
$4.56
Proxy: analyst mean price target (no FCF/EPS data available).
Ratings
Current target
$3.06
Low
$3.60
High
$5.70
Mean
$4.56

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2024-11-29 main Citigroup Buy → Buy $5
2024-06-13 main Citigroup Buy → Buy $5
2024-03-11 main Jefferies Buy → Buy $1
2022-12-14 init CLSA — → Outperform $2
2022-12-01 main Goldman Sachs — → Neutral $2
2022-07-05 main Goldman Sachs — → Neutral $3
2022-05-16 up JP Morgan Underweight → Neutral $2
2022-02-18 down Goldman Sachs Buy → Neutral $5
2021-12-30 init Jefferies — → Buy $10
2021-10-12 init China Renaissance — → Buy $13
2021-07-15 init 86 Research — → Buy $14
2021-06-02 init CICC — → Outperform —
2021-04-20 init Goldman Sachs — → Buy $16
News
RSS: Latest ZH news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
2,749.00
-23.62%
3,598.91
-14.29%
4,198.89
+16.48%
3,604.92
Operating Revenue
2,382.88
-20.81%
3,009.07
-13.52%
3,479.55
+1.28%
3,435.55
Cost Of Revenue
1,101.26
-22.34%
1,418.08
-25.48%
1,903.04
+5.91%
1,796.87
Reconciled Cost Of Revenue
1,101.26
-22.34%
1,418.08
-25.48%
1,903.04
+5.91%
1,796.87
Gross Profit
1,647.74
-24.44%
2,180.83
-5.01%
2,295.85
+26.98%
1,808.05
Operating Expense
2,028.69
-23.79%
2,661.91
-20.97%
3,368.07
-1.28%
3,411.80
Research And Development
525.00
-28.33%
732.55
-18.74%
901.45
+18.09%
763.36
Selling General And Administration
1,503.69
-22.06%
1,929.36
-21.78%
2,466.62
-6.87%
2,648.44
Selling And Marketing Expense
1,252.27
-21.69%
1,599.19
-21.92%
2,048.09
+1.07%
2,026.47
General And Administrative Expense
251.42
-23.85%
330.17
-21.11%
418.53
-32.71%
621.97
Other Gand A
251.42
-23.85%
330.17
-21.11%
418.53
-32.71%
621.97
Total Expenses
3,129.95
-23.29%
4,079.99
-22.60%
5,271.11
+1.20%
5,208.67
Operating Income
-380.94
+20.82%
-481.08
+55.13%
-1,072.22
+33.14%
-1,603.75
Total Operating Income As Reported
-507.29
-5.45%
-481.08
+55.13%
-1,072.22
+33.14%
-1,603.75
EBITDA
-356.05
+22.45%
-459.13
+56.41%
-1,053.22
+33.28%
-1,578.54
Normalized EBITDA
-461.34
+23.62%
-603.99
+44.58%
-1,089.84
+29.41%
-1,543.98
Reconciled Depreciation
24.89
+13.41%
21.95
+15.50%
19.00
-24.62%
25.21
EBIT
-380.94
+20.82%
-481.08
+55.13%
-1,072.22
+33.14%
-1,603.75
Total Unusual Items
105.29
-27.32%
144.86
+295.55%
36.62
+205.98%
-34.56
Total Unusual Items Excluding Goodwill
105.29
-27.32%
144.86
+295.55%
36.62
+205.98%
-34.56
Special Income Charges
-126.34
0.00
0.00
—
Impairment Of Capital Assets
126.34
0.00
0.00
—
Net Income
-192.90
-12.28%
-171.80
+79.64%
-843.64
+46.64%
-1,581.16
Pretax Income
-173.47
+2.74%
-178.36
+78.45%
-827.70
+47.09%
-1,564.22
Net Non Operating Interest Income Expense
71.54
-37.77%
114.96
-27.55%
158.67
+132.98%
68.10
Net Interest Income
71.54
-37.77%
114.96
-27.55%
158.67
+132.98%
68.10
Interest Income Non Operating
71.54
-37.77%
114.96
-27.55%
158.67
+132.98%
68.10
Interest Income
71.54
-37.77%
114.96
-27.55%
158.67
+132.98%
68.10
Other Income Expense
135.93
-27.61%
187.76
+118.69%
85.86
+400.49%
-28.57
Other Non Operating Income Expenses
30.64
-28.58%
42.90
-12.86%
49.24
+722.93%
5.98
Gain On Sale Of Security
231.63
+59.90%
144.86
+295.55%
36.62
+205.98%
-34.56
Tax Provision
21.69
+330.93%
-9.39
-179.37%
11.83
-16.58%
14.18
Tax Rate For Calcs
0.00
+374.81%
0.00
-78.94%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
26.32
+245.10%
7.63
-16.69%
9.16
+205.98%
-8.64
Net Income Including Noncontrolling Interests
-195.16
-15.50%
-168.97
+79.87%
-839.53
+46.81%
-1,578.40
Net Income From Continuing Operation Net Minority Interest
-192.90
-12.28%
-171.80
+79.64%
-843.64
+46.64%
-1,581.16
Net Income From Continuing And Discontinued Operation
-192.90
-12.28%
-171.80
+79.64%
-843.64
+46.64%
-1,581.16
Net Income Continuous Operations
-195.16
-15.50%
-168.97
+79.87%
-839.53
+46.81%
-1,578.40
Minority Interests
2.26
+179.72%
-2.83
+31.07%
-4.11
-49.35%
-2.75
Normalized Income
-271.87
+12.03%
-309.03
+64.52%
-871.11
+43.99%
-1,555.24
Net Income Common Stockholders
-192.90
-12.28%
-171.80
+79.64%
-843.64
+46.64%
-1,581.16
Otherunder Preferred Stock Dividend
—
—
0.00
0.00
Diluted EPS
—
-1.89
+77.66%
-8.46
+45.66%
-15.57
Basic EPS
—
-1.89
+77.66%
-8.46
+45.66%
-15.57
Basic Average Shares
—
91.19
-8.55%
99.71
-1.87%
101.61
Diluted Average Shares
—
91.19
-8.55%
99.71
-1.87%
101.61
Diluted NI Availto Com Stockholders
-192.90
-12.28%
-171.80
+79.64%
-843.64
+46.64%
-1,581.16
Line Item Trend 2025-12-31 2023-12-31
Total Assets
5,190.87
-23.61%
6,795.27
Current Assets
4,732.00
-25.81%
6,377.88
Cash Cash Equivalents And Short Term Investments
4,240.09
-22.38%
5,462.93
Cash And Cash Equivalents
3,369.15
+59.93%
2,106.64
Other Short Term Investments
870.94
-74.05%
3,356.29
Receivables
412.21
-44.89%
748.04
Accounts Receivable
358.00
-46.13%
664.62
Gross Accounts Receivable
467.70
-40.60%
787.32
Allowance For Doubtful Accounts Receivable
-109.70
+10.59%
-122.70
Other Receivables
7.92
-41.69%
13.58
Taxes Receivable
14.75
-30.66%
21.27
Accrued Interest Receivable
5.98
-80.25%
30.26
Prepaid Assets
67.80
-54.82%
150.05
Restricted Cash
1.08
0.00
Other Current Assets
10.82
-35.79%
16.86
Total Non Current Assets
458.87
+9.94%
417.39
Net PPE
47.41
-7.14%
51.06
Gross PPE
87.50
+2.50%
85.36
Accumulated Depreciation
-40.09
-16.85%
-34.30
Properties
0.00
0.00
Machinery Furniture Equipment
6.92
-9.90%
7.69
Other Properties
58.45
+0.26%
58.30
Leases
22.12
+14.14%
19.38
Goodwill And Other Intangible Assets
29.59
-90.57%
313.72
Goodwill
0.00
-100.00%
191.08
Other Intangible Assets
29.59
-75.88%
122.64
Investments And Advances
368.48
+725.80%
44.62
Other Investments
158.48
—
Other Non Current Assets
13.39
+67.62%
7.99
Total Liabilities Net Minority Interest
1,315.83
-37.15%
2,093.66
Current Liabilities
1,268.41
-34.80%
1,945.49
Payables And Accrued Expenses
975.95
-36.77%
1,543.54
Payables
975.95
-36.77%
1,543.54
Accounts Payable
681.31
-34.40%
1,038.53
Other Payable
232.14
-42.25%
401.99
Pensionand Other Post Retirement Benefit Plans Current
5.97
-30.74%
8.62
Total Tax Payable
46.36
-39.78%
76.99
Current Debt And Capital Lease Obligation
56.38
+33.96%
42.09
Current Debt
35.00
—
Other Current Borrowings
35.00
—
Current Capital Lease Obligation
21.38
-49.20%
42.09
Current Deferred Liabilities
186.03
-38.72%
303.57
Current Deferred Revenue
186.03
-38.72%
303.57
Other Current Liabilities
44.09
-7.51%
47.66
Total Non Current Liabilities Net Minority Interest
47.42
-68.00%
148.17
Long Term Debt And Capital Lease Obligation
15.59
+328.12%
3.64
Long Term Capital Lease Obligation
15.59
+328.12%
3.64
Non Current Deferred Liabilities
27.17
+20.38%
22.57
Non Current Deferred Taxes Liabilities
27.17
+20.38%
22.57
Other Non Current Liabilities
4.65
-96.19%
121.96
Preferred Securities Outside Stock Equity
—
—
Stockholders Equity
3,804.14
-17.30%
4,599.81
Common Stock Equity
3,804.14
-17.30%
4,599.81
Capital Stock
0.21
-14.11%
0.24
Common Stock
0.21
-14.11%
0.24
Share Issued
269.86
-11.67%
305.50
Ordinary Shares Number
269.86
-11.67%
305.50
Treasury Shares Number
0.00
0.00
Additional Paid In Capital
13,183.04
-2.26%
13,487.37
Retained Earnings
-9,071.02
-4.17%
-8,708.29
Gains Losses Not Affecting Retained Earnings
-33.03
-84.82%
-17.87
Treasury Stock
275.06
+70.17%
161.64
Minority Interest
70.91
-30.35%
101.80
Other Equity Adjustments
-33.03
-84.82%
-17.87
Total Equity Gross Minority Interest
3,875.04
-17.58%
4,701.61
Total Capitalization
3,804.14
-17.30%
4,599.81
Working Capital
3,463.59
-21.86%
4,432.39
Invested Capital
3,839.14
-16.54%
4,599.81
Total Debt
71.97
+57.39%
45.73
Capital Lease Obligations
36.97
-19.15%
45.73
Net Tangible Assets
3,774.55
-11.93%
4,286.09
Tangible Book Value
3,774.55
-11.93%
4,286.09
Available For Sale Securities
210.00
—
Duefrom Related Parties Current
25.57
+39.58%
18.32
Dueto Related Parties Current
16.14
-38.02%
26.03
Investmentin Financial Assets
210.00
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-415.53
-48.30%
-280.19
+22.94%
-363.61
+67.39%
-1,114.95
Cash Flow From Continuing Operating Activities
-415.53
-48.30%
-280.19
+22.94%
-363.61
+67.39%
-1,114.95
Net Income From Continuing Operations
-839.53
-396.86%
-168.97
+13.42%
-195.16
+87.64%
-1,578.40
Depreciation Amortization Depletion
24.89
+13.41%
21.95
+15.50%
19.00
-24.62%
25.21
Depreciation And Amortization
24.89
+13.41%
21.95
+15.50%
19.00
-24.62%
25.21
Stock Based Compensation
164.66
+177.84%
59.26
-32.10%
87.28
-76.66%
373.89
Provisionand Write Offof Assets
29.92
-18.56%
36.73
+237.08%
-26.80
-177.77%
34.46
Asset Impairment Charge
0.00
0.00
-100.00%
136.80
+554.75%
20.89
Deferred Tax
-3.81
-25.82%
-3.02
-114.87%
20.34
+947.67%
-2.40
Deferred Income Tax
-3.81
-25.82%
-3.02
-114.87%
20.34
+947.67%
-2.40
Operating Gains Losses
-37.11
+41.33%
-63.26
+72.63%
-231.11
-634.61%
-31.46
Gain Loss On Investment Securities
-37.51
+35.68%
-58.32
+74.72%
-230.72
-631.58%
-31.54
Unrealized Gain Loss On Investment Securities
5.17
+106.59%
-78.41
0.00
-100.00%
176.69
Net Foreign Currency Exchange Gain Loss
—
—
—
—
Gain Loss On Sale Of PPE
0.40
+6800.00%
-0.01
+98.47%
-0.39
-609.09%
0.08
Change In Working Capital
240.28
+384.44%
-84.48
+51.44%
-173.97
-29.99%
-133.83
Change In Receivables
64.41
-69.07%
208.24
+131.18%
90.08
+167.81%
-132.84
Changes In Account Receivables
64.41
-69.07%
208.24
+131.18%
90.08
+167.81%
-132.84
Change In Prepaid Assets
-41.72
-165.94%
63.28
+34.14%
47.17
-45.86%
87.13
Change In Payables And Accrued Expense
272.42
+209.93%
-247.81
-0.19%
-247.35
-165.23%
-93.26
Change In Payable
272.42
+209.93%
-247.81
-0.19%
-247.35
-165.23%
-93.26
Change In Account Payable
220.24
+220.11%
-183.37
-18.81%
-154.34
-872.51%
-15.87
Change In Other Working Capital
-79.62
+23.91%
-104.63
-393.82%
-21.19
-263.84%
12.93
Change In Other Current Assets
72.97
+120.28%
33.13
+180.07%
-41.37
-254.52%
26.77
Change In Other Current Liabilities
-48.17
-31.33%
-36.68
-2708.58%
-1.31
+96.22%
-34.57
Investing Cash Flow
-1,681.14
-165.60%
2,562.62
+2303.44%
-116.30
-103.33%
3,490.47
Cash Flow From Continuing Investing Activities
-1,681.14
-165.60%
2,562.62
+2303.44%
-116.30
-103.33%
3,490.47
Net PPE Purchase And Sale
-8.49
-214.13%
-2.70
-218.87%
-0.85
-43.49%
-0.59
Purchase Of PPE
-8.49
-211.02%
-2.73
-107.05%
-1.32
-84.73%
-0.71
Sale Of PPE
—
0.03
-94.27%
0.47
+282.93%
0.12
Capital Expenditure
-8.88
-224.97%
-2.73
-87.57%
-1.46
-103.92%
-0.71
Net Investment Purchase And Sale
-1,608.67
-163.01%
2,553.16
+2314.06%
-115.32
-103.25%
3,551.67
Purchase Of Investment
-10,240.85
-4.40%
-9,809.28
+30.78%
-14,171.03
+0.65%
-14,263.14
Sale Of Investment
8,632.17
-30.17%
12,362.44
-12.05%
14,055.71
-21.10%
17,814.81
Net Business Purchase And Sale
-63.59
-622.94%
12.16
0.00
+100.00%
-60.61
Purchase Of Business
-63.59
0.00
0.00
+100.00%
-60.61
Gain Loss On Sale Of Business
0.00
+100.00%
-4.93
0.00
0.00
Net Intangibles Purchase And Sale
-0.38
0.00
+100.00%
-0.14
0.00
Purchase Of Intangibles
-0.38
0.00
+100.00%
-0.14
0.00
Financing Cash Flow
-365.06
+9.61%
-403.86
-206.82%
-131.63
-21.49%
-108.35
Cash Flow From Continuing Financing Activities
-365.06
+9.61%
-403.86
-206.82%
-131.63
-21.49%
-108.35
Net Issuance Payments Of Debt
0.00
0.00
-100.00%
35.00
0.00
Issuance Of Debt
0.00
-100.00%
51.77
-73.62%
196.29
0.00
Repayment Of Debt
0.00
+100.00%
-51.77
+67.90%
-161.29
0.00
Short Term Debt Issuance
0.00
-100.00%
51.77
-73.62%
196.29
0.00
Short Term Debt Payments
0.00
+100.00%
-51.77
+67.90%
-161.29
0.00
Net Short Term Debt Issuance
0.00
0.00
-100.00%
35.00
0.00
Net Common Stock Issuance
-369.57
+7.77%
-400.71
-139.86%
-167.06
-30.55%
-127.96
Common Stock Payments
-369.57
+7.77%
-400.71
-139.86%
-167.06
-30.55%
-127.96
Repurchase Of Capital Stock
-369.57
+7.77%
-400.71
-139.86%
-167.06
-30.55%
-127.96
Proceeds From Stock Option Exercised
4.51
+289.72%
1.16
+168.68%
0.43
-97.80%
19.61
Net Other Financing Charges
—
-4.31
—
—
Changes In Cash
-2,461.72
-231.04%
1,878.57
+407.19%
-611.53
-126.97%
2,267.16
Effect Of Exchange Rate Changes
42.51
+186.24%
14.85
+181.18%
-18.29
-118.02%
101.53
Beginning Cash Position
4,525.85
+114.84%
2,106.64
-47.33%
4,000.06
+85.43%
2,157.16
End Cash Position
2,106.64
-47.33%
4,000.06
+18.69%
3,370.23
-25.53%
4,525.85
Free Cash Flow
-424.40
-50.01%
-282.92
+22.50%
-365.06
+67.28%
-1,115.67
Interest Paid Supplemental Data
0.00
0.00
-100.00%
1.44
—
Income Tax Paid Supplemental Data
11.14
+524.96%
1.78
-53.31%
3.82
-77.43%
16.92
Change In Income Tax Payable
-4.69
-591.31%
0.95
+116.48%
-5.80
+85.81%
-40.85
Change In Tax Payable
-4.69
-591.31%
0.95
+116.48%
-5.80
+85.81%
-40.85
Common Stock Issuance
—
—
0.00
0.00
Issuance Of Capital Stock
—
—
0.00
0.00
Net Preferred Stock Issuance
—
—
—
—
Preferred Stock Issuance
—
—
—
—
Sale Of Business
0.00
-100.00%
12.16
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
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