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Zhihu Inc. (ZH) stock

ZHNYSEServices-Business Services, NECFiscal year ends December 31Also trades as ZHIHF
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 17, 2026Score 2/30
$2.72+0.07 (+2.64%)

Close on Nov 11, 2026Market cap $244.68MP/E –Yield –

Zhihu Inc. saw revenue fall 23.6% to CN¥2.75B over fiscal 2025. Free cash flow was -CN¥364.92M. At the latest close the market valued the company at CN¥1.63B.

Revenue
CN¥2.75B
-23.6% vs. a year earlier
Operating income
-CN¥507.29M
FY2025
Free cash flow
-CN¥364.92M
FY2025
EPS, diluted
-0.80 CNY
FY2025

Key statistics

Valuation at the latest close; fundamentals over fiscal 2025, balances at Dec 31, 2025

Valuation

Market cap
CN¥1.63B
P/E ratio
–
Price to sales
0.59
Price to book
0.43
Dividend yield
–
Free cash flow yield
-22.34%

Fundamentals

Revenue
CN¥2.75B
EPS, diluted
-0.80 CNY
Free cash flow
-CN¥364.92M

Trading

Previous close
$2.65
Open
$2.67
Day's range
$2.65 – $2.75
Volume
116,039
Average volume (20 days)
273,028
Beta (5 years)
1.15
RSI (14 days)
35.7
Volatility (1 year)
47.2%
Relative volume
0.35×
WACC
10.5%

Market cap history

Month-end market cap since 2021, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.

PeriodZHS&P 500DifferenceZH per yearS&P 500 per year
1 month-21.6%-2.4%−19.2 pts
3 months-17.6%-1.2%−16.4 pts
Year to date-17.1%+12.3%−29.4 pts
1 year-35.7%+12.4%−48.1 pts
3 years-55.1%+78.8%−133.9 pts-23.4%+21.4%
5 years-95.2%+75.2%−170.3 pts-45.4%+11.9%

Eight years at a glance

Fiscal years 2018 to 2025, CNY

Revenue

CN¥2.75B-23.6% YoY

Gross profit

CN¥1.65B-24.4% YoY

Operating income

-CN¥507.29M

Net income

–

EPS, diluted

-0.80 CNY

Free cash flow

-CN¥364.92M
Reported period

Press releases

Releases Zhihu filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Zhihu

Services-Business Services, NEC

Zhihu Inc. operates an online content community in China centered on question-and-answer exchanges and user-generated knowledge. The company organizes its business into marketing services, paid memberships, and other services. Its marketing offerings provide merchants and brand advertisers with launch-screen ads, feed advertisements, and integrated content-commerce solutions. Through its Yan Selection membership and Yanyan Story application, Zhihu supplies paying subscribers with premium reading materials, fictional stories, lectures, and audiobooks. In addition, the platform offers vocational training programs, intellectual property licensing, and e-commerce product recommendation services to its user base.

Company profile, executives and history

Zhihu stock: common questions

What is Zhihu's stock price?

ZH closed at $2.72 on Nov 11, 2026, up 2.64% on the day.

What is Zhihu's market cap?

Zhihu was worth $244.68M at the close on Nov 11, 2026: the share price times the diluted shares outstanding.

What is ZH's P/E ratio?

Zhihu lost money over fiscal 2025 (diluted EPS -0.80 CNY), so it has no meaningful P/E ratio.

How much revenue does Zhihu make?

Zhihu reported revenue of CN¥2.75B for fiscal 2025, down 23.6% from a year earlier.

Does Zhihu pay a dividend?

No. Zhihu has not paid a cash dividend over the last twelve months.

How has ZH stock performed over the past year?

Including dividends, ZH returned -35.7% over the past year, against +12.4% for the S&P 500.

Who are Zhihu's competitors?

Companies most similar to Zhihu by business, industry and size include QH, ETSY, KRKR, ADV, GETYQ.

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