Company Analysis

Zhihu Inc. (ZH)

NYSE: ZH · Services-Business Services, NEC · Beijing, CN · filing with the SEC since 2021
Grade4.9
◀ Past 6.4● Present 4.5▶ Future 4.3
2 est.

Income statement, as filed

In thousands of Chinese yuan (CNY), as filed; per-share figures in Chinese yuan; share counts. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019
Report filedApr 17, 2026Apr 15, 2025Apr 26, 2024Apr 28, 2023Apr 8, 2022··
Revenue2,749,0043,598,9054,198,8893,604,9192,959,3241,352,196670,511
Cost of revenue1,101,2591,418,0761,903,0411,796,8671,405,423594,399358,241
Gross profit1,647,7452,180,8292,295,8481,808,0521,553,901757,797312,270
Research and development524,996732,553901,452763,362619,585329,763351,012
Sales and marketing1,252,2741,599,1862,048,0902,026,4681,634,733734,753766,465
General and administrative251,419330,173418,531621,973690,292296,162253,268
Total operating expenses2,155,0332,661,9123,368,0733,411,8032,944,6101,360,6781,370,745
Operating income-507,288-481,083-1,072,225-1,603,751-1,390,709-602,881-1,058,475
Interest and investment income72,70060,50041,700r70,400r59,17756,08725,035
Other income (expense), net30,64142,90249,2365,983-4,39111,7282,675
Income before income taxes-173,474-178,358-827,696-1,564,220-1,293,437-516,470-1,004,180
Income tax expense21,687-9,39111,83214,1835,4431,08040
Net income including non-controlling interests-195,161-168,967-839,528-1,578,403-1,298,880-517,550-1,004,220
Net income to non-controlling interests-2,2602,8354,1132,754···
Net income····-1,298,880-517,550-1,004,220
Net income to common shareholders-192,901-171,802-843,641-1,581,157-1,469,465-1,198,284-1,431,001
Earnings per share, basic-0.80-0.63-2.82-5.19-6.12-18.36-22.99
Earnings per share, diluted-0.80-0.63-2.82-5.19-6.12-18.36-22.99
Weighted average shares, basic240,043,649273,560,865299,132,894304,836,318240,174,10865,279,97062,249,946
Weighted average shares, diluted240,043,649273,560,865299,132,894304,836,318240,174,10865,279,97062,249,946
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue
Gross profit revenue less the cost of what it soldus-gaap:GrossProfit
Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense
Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense
General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense
Total operating expenses the running costs togetherus-gaap:OperatingExpenses
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeNet
Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss
Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
SI Assistanton ZH · research, not advice