NYSE · ZH
Zhihu financials
$3.57−0.83%
Close Sep 30, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 |
|---|---|---|---|---|---|
| Revenue | $403.1M | $508.8M | $615.6M | $522.6M | $2.99B |
| Gross profit | $245.7M | $314.5M | $346.8M | $262.1M | $1.59B |
| Gross margin | 61.0% | 61.8% | 56.3% | 50.2% | 53.0% |
| Operating income | -$62.3M | -$50.2M | -$129.1M | -$232.5M | -$1.36B |
| Net income | -$27.6M | -$23.5M | -$119.2M | -$229.2M | -$1.47B |
| Net margin | −6.8% | −4.6% | −19.4% | −43.9% | −49.1% |
| Diluted EPS | $-0.11 | $-0.09 | $-0.40 | $-0.75 | $-36.72 |
| EBITDA | -$41.5M | -$47.2M | -$125.5M | -$228.8M | -$1.34B |
| Operating cash flow | -$52.0M | -$38.4M | -$58.7M | -$161.6M | -$440.2M |
| Free cash flow | -$52.1M | -$38.8M | -$59.9M | -$161.7M | -$447.7M |
| Diluted shares | 240.0M | 273.6M | 299.1M | 304.8M | 40.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|
| Cash & equivalents | $481.6M | $547.9M | $297.6M | $5.47B | $338.5M |
| Short-term investments | $124.5M | $117.7M | $474.1M | $787.3M | $351.4M |
| Total debt | $5.0M | $0.00 | $0.00 | $0.00 | $0.00 |
| Total assets | $741.9M | $785.4M | $960.0M | $7.66B | $1.38B |
| Total liabilities | $188.1M | $210.6M | $295.8M | $1.96B | $324.4M |
| Shareholders' equity | $553.9M | $574.8M | $664.2M | $5.69B | $1.06B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology