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Zhihu (ZH) Financials

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$3.94 -0.08 (-1.87%)
Closing price 05/23/2025 03:59 PM Eastern
Extended Trading
$3.94 +0.01 (+0.15%)
As of 05/23/2025 06:38 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Zhihu

Annual Income Statements for Zhihu

This table shows Zhihu's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Net Income / (Loss) Attributable to Common Shareholders		 -24 -119 -229 -231 -184 -205
Consolidated Net Income / (Loss)		 -23 -118 -229 -204 -80 -144
Net Income / (Loss) Continuing Operations		 -23 -118 -229 -204 -80 -144
Total Pre-Tax Income 		-24 -117 -227 -203 -79 -144
Total Operating Income		 -66 -151 -233 -218 -93 -152
Total Gross Profit		 299 323 262 244 117 45
Total Revenue		 493 591 523 464 208 96
Operating Revenue		 493 591 523 464 208 96
Total Cost of Revenue		 194 268 261 221 91 51
Operating Cost of Revenue		 194 268 261 221 91 51
Total Operating Expenses		 365 474 495 462 209 197
Selling, General & Admin Expense		 45 59 90 108 46 36
Marketing Expense		 219 288 294 257 113 110
Research & Development Expense		 100 127 111 97 51 50
Total Other Income / (Expense), net		 41 34 5.73 15 13 7.80
Interest & Investment Income		 25 28 20 14 12 7.71
Other Income / (Expense), net		 17 6.22 -14 1.07 0.86 0.08
Income Tax Expense		 -1.29 1.67 2.06 0.85 0.17 0.01
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.39 0.58 0.40 0.00 0.00 -
Basic Earnings per Share		 ($0.09) ($2.82) ($5.19) ($6.12) ($18.36) ($22.99)
Weighted Average Basic Shares Outstanding		 273.56M 299.13M 304.84M 240.17M 65.28M 62.25M
Diluted Earnings per Share		 ($0.09) ($2.82) ($5.19) ($6.12) ($18.36) ($22.99)
Weighted Average Diluted Shares Outstanding		 273.56M 299.13M 304.84M 240.17M 65.28M 62.25M
Weighted Average Basic & Diluted Shares Outstanding		 261.95M 307.72M 321.20M 310.74M - -

Quarterly Income Statements for Zhihu

No quarterly income statements for Zhihu are available.

Annual Cash Flow Statements for Zhihu

This table details how cash moves in and out of Zhihu's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Net Change in Cash & Equivalents		 259 -341 343 188 8.84 27
Net Cash From Operating Activities		 -38 -59 -162 -69 -38 -103
Net Cash From Continuing Operating Activities		 -38 -59 -162 -69 -38 -103
Net Income / (Loss) Continuing Operations		 -23 -118 -229 -204 -80 -144
Consolidated Net Income / (Loss)		 -23 -118 -229 -204 -80 -144
Depreciation Expense		 3.01 3.51 3.66 3.37 3.02 2.91
Non-Cash Adjustments To Reconcile Net Income		 -12 32 48 95 21 38
Changes in Operating Assets and Liabilities, net		 -6.69 25 15 36 18 0.57
Net Cash From Investing Activities		 351 -237 506 -492 66 -302
Net Cash From Continuing Investing Activities		 351 -237 506 -492 66 -302
Purchase of Property, Plant & Equipment		 -0.37 -1.20 -0.10 -1.17 -0.30 -0.65
Acquisitions		 0.00 -9.01 -8.79 -5.21 0.00 -0.18
Purchase of Investments		 -1,252 -1,065 -1,529 -1,010 -946 -510
Divestitures		 1.67 - - - - -
Sale and/or Maturity of Investments		 1,426 927 1,725 827 1,014 327
Other Investing Activities, net		 175 -89 319 -303 -1.46 -119
Net Cash From Financing Activities		 -55 -51 -16 765 1.43 430
Net Cash From Continuing Financing Activities		 -55 -51 -16 765 1.43 430
Repayment of Debt		 -7.09 - - - - -
Repurchase of Common Equity		 -55 -52 -19 0.00 0.00 -
Issuance of Debt		 7.09 - - - - -
Issuance of Common Equity		 0.03 0.00 0.00 762 0.00 0.00
Other Financing Activities, net		 -0.46 0.64 2.84 3.60 1.43 1.64
Cash Income Taxes Paid		 0.24 1.57 2.45 0.55 - -

Quarterly Cash Flow Statements for Zhihu

No quarterly cash flow statements for Zhihu are available.

Annual Balance Sheets for Zhihu

This table presents Zhihu's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020
Total Assets		 785 957 1,110 1,382 579
Total Current Assets		 751 898 1,061 1,308 572
Cash & Equivalents		 548 297 656 339 147
Restricted Cash		 0.12 - - - -
Short-Term Investments		 74 249 114 351 161
Accounts Receivable		 63 96 125 133 77
Prepaid Expenses		 22 33 29 43 19
Other Current Assets		 44 223 138 442 168
Plant, Property, & Equipment, net		 1.16 1.53 1.06 1.55 1.25
Total Noncurrent Assets		 33 57 48 72 5.10
Long-Term Investments		 7.01 6.28 0.00 3.00 0.00
Goodwill		 17 27 18 12 0.00
Intangible Assets		 7.47 17 12 11 3.61
Other Noncurrent Operating Assets		 1.07 6.79 18 47 1.49
Total Liabilities & Shareholders' Equity		 785 957 1,110 1,382 579
Total Liabilities		 211 295 284 324 156
Total Current Liabilities		 209 274 265 298 156
Accounts Payable		 114 146 133 174 84
Current Deferred & Payable Income Tax Liabilities		 3.03 3.01 3.77 10 1.09
Current Employee Benefit Liabilities		 38 48 41 49 36
Other Current Liabilities		 54 77 87 64 35
Total Noncurrent Liabilities		 1.73 21 20 27 0.00
Noncurrent Deferred & Payable Income Tax Liabilities		 0.94 3.18 1.69 2.20 0.00
Other Noncurrent Operating Liabilities		 0.79 18 18 24 0.00
Total Equity & Noncontrolling Interests		 575 662 826 1,057 -791
Total Preferred & Common Equity		 567 648 820 1,056 -791
Total Common Equity		 567 648 820 1,056 -791
Common Stock		 1,797 1,900 1,974 2,095 0.01
Retained Earnings		 -1,216 -1,227 -1,140 -986 -761
Accumulated Other Comprehensive Income / (Loss)		 1.70 -2.89 -9.54 -53 -30
Other Equity Adjustments		 -15 -22 -4.90 0.00 -
Noncontrolling Interest		 8.16 14 5.88 1.18 0.00

Quarterly Balance Sheets for Zhihu

No quarterly balance sheets for Zhihu are available.

Annual Metrics And Ratios for Zhihu

This table displays calculated financial ratios and metrics derived from Zhihu's official financial filings.

Metric 2024 2023 2022 2021 2020 2019
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Growth Metrics		 - - - - - -
Revenue Growth		 -16.63% 13.15% 12.55% 123.29% 116.03% 0.00%
EBITDA Growth		 67.17% 41.91% -13.76% -140.62% 40.36% 0.00%
EBIT Growth		 65.88% 41.35% -13.68% -136.39% 39.51% 0.00%
NOPAT Growth		 56.36% 35.05% -6.55% -135.35% 38.98% 0.00%
Net Income Growth		 80.42% 48.33% -12.28% -156.05% 44.79% 0.00%
EPS Growth		 78.27% 45.66% 15.20% 66.67% 20.14% 0.00%
Operating Cash Flow Growth		 34.41% 63.80% -134.00% -83.76% 63.41% 0.00%
Free Cash Flow Firm Growth		 173.46% -209.56% 136.33% -124.84% 0.00% 0.00%
Invested Capital Growth		 -149.15% 98.93% -84.84% 218.86% 0.00% 0.00%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - -
Gross Margin		 60.60% 54.68% 50.16% 52.51% 56.04% 46.57%
EBITDA Margin		 -9.36% -23.89% -46.53% -46.04% -42.72% -154.75%
Operating Margin		 -13.37% -25.54% -44.49% -46.99% -44.59% -157.86%
EBIT Margin		 -9.97% -24.48% -47.23% -46.76% -44.17% -157.77%
Profit (Net Income) Margin		 -4.70% -19.99% -43.78% -43.89% -38.27% -149.77%
Tax Burden Percent		 94.73% 101.43% 100.91% 100.42% 100.21% 100.00%
Interest Burden Percent		 49.71% 80.51% 91.87% 93.46% 86.47% 94.92%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -165.04% -127.98% -77.57% -63.82% -113.59% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 -168.94% -126.09% -68.54% -53.62% -104.05% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 161.30% 112.09% 53.26% 36.28% 75.91% 0.00%
Return on Equity (ROE)		 -3.74% -15.90% -24.31% -27.55% -37.68% 0.00%
Cash Return on Invested Capital (CROIC)		 0.00% -194.18% 69.76% -168.33% -313.59% 0.00%
Operating Return on Assets (OROA)		 -5.64% -14.01% -19.81% -22.16% -15.88% 0.00%
Return on Assets (ROA)		 -2.66% -11.44% -18.37% -20.80% -13.76% 0.00%
Return on Common Equity (ROCE)		 -3.67% -15.68% -24.22% -4.93% 70.57% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 -4.09% -18.25% -27.92% -19.30% 10.06% 0.00%
Net Operating Profit after Tax (NOPAT)		 -46 -106 -163 -153 -65 -106
NOPAT Margin		 -9.36% -17.88% -31.14% -32.90% -31.21% -110.50%
Net Nonoperating Expense Percent (NNEP)		 3.89% -1.89% -9.03% -10.20% -9.54% 0.00%
Return On Investment Capital (ROIC_SIMPLE)		 -8.03% - - - - -
Cost of Revenue to Revenue		 39.40% 45.32% 49.84% 47.49% 43.96% 53.43%
SG&A Expenses to Revenue		 9.17% 9.97% 17.25% 23.33% 21.90% 37.77%
R&D to Revenue		 20.35% 21.47% 21.18% 20.94% 24.39% 52.35%
Operating Expenses to Revenue		 73.96% 80.21% 94.64% 99.50% 100.63% 204.43%
Earnings before Interest and Taxes (EBIT)		 -49 -145 -247 -217 -92 -152
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -46 -141 -243 -214 -89 -149
Valuation Ratios		 - - - - - -
Price to Book Value (P/BV)		 0.32 0.46 0.49 1.73 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.34 0.50 0.51 1.77 0.00 0.00
Price to Revenue (P/Rev)		 0.37 0.51 0.77 3.94 2.51 5.43
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 3.12 12.50 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 2.45 6.87 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.95 -0.89 -0.78 -0.68 -0.73 0.00
Leverage Ratio		 1.41 1.39 1.32 1.32 1.37 0.00
Compound Leverage Factor		 0.70 1.12 1.22 1.24 1.18 0.00
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 1.42% 2.17% 0.71% 0.11% 287.28% 0.00%
Common Equity to Total Capital		 98.58% 97.83% 99.29% 99.89% -187.28% 0.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 -0.40 -0.28 0.01 3.08 0.87 0.00
Noncontrolling Interest Sharing Ratio		 1.82% 1.36% 0.37% 82.10% 287.28% 0.00%
Liquidity Ratios		 - - - - - -
Current Ratio		 3.60 3.28 4.01 4.39 3.67 0.00
Quick Ratio		 3.28 2.34 3.38 2.76 2.47 0.00
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 118 -160 146 -403 -179 0.00
Operating Cash Flow to CapEx		 -10,259.44% -4,894.89% -156,156.43% -5,917.13% -12,579.56% -16,452.57%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - -
Asset Turnover		 0.57 0.57 0.42 0.47 0.36 0.00
Accounts Receivable Turnover		 6.18 5.36 4.05 4.42 2.71 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 366.42 457.56 401.28 332.34 166.83 0.00
Accounts Payable Turnover		 1.49 1.92 1.70 1.71 1.09 0.00
Days Sales Outstanding (DSO)		 59.04 68.12 90.05 82.62 134.94 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 244.96 190.03 215.08 213.88 336.40 0.00
Cash Conversion Cycle (CCC)		 -185.91 -121.91 -125.02 -131.26 -201.47 0.00
Capital & Investment Metrics		 - - - - - -
Invested Capital		 -54 110 55 364 114 0.00
Invested Capital Turnover		 17.64 7.16 2.49 1.94 3.64 0.00
Increase / (Decrease) in Invested Capital		 -164 55 -309 250 114 0.00
Enterprise Value (EV)		 -439 -237 -360 1,136 1,428 0.00
Market Capitalization		 182 301 404 1,828 523 523
Book Value per Share		 $1.84 $2.02 $2.64 $4.40 ($12.12) $0.00
Tangible Book Value per Share		 $1.76 $1.88 $2.54 $4.30 ($12.18) $0.00
Total Capital		 575 662 826 1,057 422 0.00
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -629 -552 -770 -693 -308 0.00
Capital Expenditures (CapEx)		 0.37 1.20 0.10 1.17 0.30 0.62
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -79 78 26 320 108 0.00
Debt-free Net Working Capital (DFNWC)		 543 624 797 1,010 416 0.00
Net Working Capital (NWC)		 543 624 797 1,010 416 0.00
Net Nonoperating Expense (NNE)		 -23 13 66 51 15 38
Net Nonoperating Obligations (NNO)		 -629 -552 -770 -693 -308 0.00
Total Depreciation and Amortization (D&A)		 3.01 3.51 3.66 3.37 3.02 2.91
Debt-free, Cash-free Net Working Capital to Revenue		 -16.09% 13.24% 5.04% 68.92% 51.90% 0.00%
Debt-free Net Working Capital to Revenue		 110.03% 105.56% 152.43% 217.50% 200.09% 0.00%
Net Working Capital to Revenue		 110.03% 105.56% 152.43% 217.50% 200.09% 0.00%
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 ($0.09) ($16.92) ($31.14) ($36.72) $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 273.56M 49.86M 50.81M 40.03M 0.00 0.00
Adjusted Diluted Earnings per Share		 ($0.09) ($16.92) ($31.14) ($36.72) $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 273.56M 49.86M 50.81M 40.03M 0.00 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 261.95M 51.29M 53.53M 51.79M 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 -46 -106 -163 -153 -65 -106
Normalized NOPAT Margin		 -9.36% -17.88% -31.14% -32.90% -31.21% -110.50%
Pre Tax Income Margin		 -4.96% -19.71% -43.39% -43.71% -38.19% -149.76%
Debt Service Ratios		 - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -237.15% -44.02% -8.11% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Zhihu

No quarterly metrics and ratios for Zhihu are available.

Frequently Asked Questions About Zhihu's Financials

When does Zhihu's financial year end?

According to the most recent income statement we have on file, Zhihu's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Zhihu's net income changed over the last 5 years?

Zhihu's net income appears to be on a downward trend, with a most recent value of -$23.15 million in 2024, falling from -$144.18 million in 2019. The previous period was -$118.25 million in 2023. Check out Zhihu's forecast to explore projected trends and price targets.

What is Zhihu's operating income?
Zhihu's total operating income in 2024 was -$65.91 million, based on the following breakdown:
  • Total Gross Profit: $298.77 million
  • Total Operating Expenses: $364.68 million
How has Zhihu revenue changed over the last 5 years?

Over the last 5 years, Zhihu's total revenue changed from $96.27 million in 2019 to $493.05 million in 2024, a change of 412.2%.

How much debt does Zhihu have?

Zhihu's total liabilities were at $210.60 million at the end of 2024, a 28.6% decrease from 2023, and a 35.0% increase since 2020.

How much cash does Zhihu have?

In the past 4 years, Zhihu's cash and equivalents has ranged from $147.32 million in 2020 to $656.19 million in 2022, and is currently $547.88 million as of their latest financial filing in 2024.

How has Zhihu's book value per share changed over the last 5 years?

Over the last 5 years, Zhihu's book value per share changed from 0.00 in 2019 to 1.84 in 2024, a change of 184.1%.


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This page (NYSE:ZH) was last updated on 5/25/2025 by MarketBeat.com Staff
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