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ZHZhihu Inc.
$3.37$274M
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ZH logo

Zhihu Inc.

ZH
NYSE · Internet Services
$3.37
At close - Oct 23, 4:00 PM EDT - USD
Market Cap$274M
P/E-9.5x
52W High$4.52
Volume178.37K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2025Q4

Persistent Revenue Contraction Challenges Cash Position Stability

Zhihu faces a challenging outlook characterized by a 27.2% year-over-year revenue contraction as of 2025Q4, signaling significant headwinds in its core advertising and membership segments. While the company maintains a robust liquidity buffer with $3.4 billion...

GrowthContracting
ProfitabilityNegative
ValuationReview
TechnicalsNeutral
Explore valuation models
MARKET ACTION

ZH price & volume

Price trend, volume and key moving averages

Launch Terminal
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Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

4/12 Beats

EPS beat 4 of last 12 quarters

02

Valuation risk

-172% Peers

P/E is 172% below peer median

03

Market leadership

RS 63 · Avg

Average momentum (RS Rating: 63)

04

Trend Check

N/A

Trend data unavailable

Next CatalystConfirmed earnings · Dec 2

Market performance

Price History →

Trailing total returns as of 10/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
ZH+1.20%
S&P 500 (^GSPC)+11.24%
1-Year Return
ZH-21.63%
S&P 500 (^GSPC)+13.13%
3-Year Return
ZH-45.99%
S&P 500 (^GSPC)+80.03%
5-Year Return
ZH-94.05%
S&P 500 (^GSPC)+68.83%

Growth & profitability

Annual revenue & EPS trend
Revenue
$2.67B-26.7% YoY
Net income
-$188M-7.7% YoY
Free cash flow
-$424M-50.0% YoY
Operating margin
-13.9%-0.5 pts YoY
ROIC (TTM)-70.1%
Avg ROIC 5Y-
ROE (TTM)-4.6%
Piotroski Score2 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate4/12 (40%)
Revenue Beat Rate9/12 (75%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 26, 2026
-$0.07-501.4%
vs -$0.01
$102M-2.9%
vs $105M
Q3 2026
Jun 3, 2026
-$0.02
vs —
$94M+3.3%
vs $91M
Q2 2026
Mar 25, 2026
-$0.07-511.9%
vs -$0.01
$92M+0.1%
vs $92M
Q4 2025
Nov 25, 2025
-$0.03-78.0%
vs -$0.02
$93M+2.0%
vs $91M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
GlobeNewsWire·3d ago
Zhihu Inc. Announces Results of the Extraordinary General Meeting

BEIJING, Oct. 20, 2026 (GLOBE NEWSWIRE) -- Zhihu Inc. (“Zhihu” or the “Company”) (NYSE: ZH; HKEX: 2390), a leading online content community in China, today announced that the ordinary resolution relating to the Company's previously announced subscription, through a wholly owned subsidiary, for a limited partnership interest in Tianjin Lisi Xingshen Equity Investment Partnership (Limited Partnership), with a capital commitment of RMB1.5 billion, and the related transactions, as set forth in the notice of extraordinary general meeting dated September 24, 2026, has been duly passed at the extraordinary general meeting held in Beijing, China today.

Defense World·Oct 8, 2026
Analyzing 36Kr (NASDAQ:KRKR) and Zhihu (NYSE:ZH)

36Kr (NASDAQ: KRKR - Get Free Report) and Zhihu (NYSE: ZH - Get Free Report) are both small-cap communication services companies, but which is the better stock? We will compare the two companies based on the strength of their dividends, earnings, analyst recommendations, risk, profitability, valuation and institutional ownership. Valuation and Earnings This table compares 36Kr and

Defense World·Oct 6, 2026
Head to Head Review: Zhihu (NYSE:ZH) vs. Teads (NASDAQ:TEAD)

Zhihu (NYSE: ZH - Get Free Report) and Teads (NASDAQ: TEAD - Get Free Report) are both small-cap communication services companies, but which is the better business? We will contrast the two companies based on the strength of their profitability, earnings, institutional ownership, dividends, valuation, analyst recommendations and risk. Volatility and Risk Zhihu has a beta of

GlobeNewsWire·Sep 24, 2026
Zhihu Inc. to Hold Extraordinary General Meeting on October 20, 2026

BEIJING, China, Sept. 24, 2026 (GLOBE NEWSWIRE) -- Zhihu Inc. (“Zhihu” or the “Company”) (NYSE: ZH; HKEX: 2390), a leading online content community in China, today announced that it will hold an extraordinary general meeting of its shareholders (the “EGM”) at 10:00 a.m. Beijing time on October 20, 2026 at Room Xinzhi, Floor 1, Zone C, China Industry-Academy-Research Achievement Transformation Center, No. 18A Xueqing Road, Haidian District, Beijing, China.

Filtered for Zhihu Inc.More Headlines
04

Compare before deciding

Benchmark ZH against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Zhihu Inc. (ZH)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
ZH logoZHZhihu Inc.Current
$3.37$274.44M-9.47-26.73%-7.02%-4.65%—
MOMO logoMOMOHello Group Inc.
$4.50$704.46M6.49-1.85%11.04%10.14%—
JOYY logoJOYYJOYY, Inc. Sponsored ADR Class A
$83.35$4.31B2.12-5.07%-6.17%-2.55%—
DOYU logoDOYUDouYu International Holdings Limited
$3.65$110.15M-26.72-10.58%-0.89%-1.63%—
HUYA logoHUYAHUYA Inc.
$2.23$510.45M-30.946.96%-1.6%-2.29%—
BIDU logoBIDUBaidu, Inc.
$77.20$26.26B43.72-3.04%-2.9%-1.61%—

Compare ZH vs Peers

Zhihu Inc. (ZH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MOMO

Most directly comparable listed peer for ZH.

Scale Benchmark

vs BABA

Larger-name benchmark to compare ZH against a more recognizable public peer.

Peer Set

Compare Top 5

vs MOMO, JOYY, DOYU, HUYA

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ZH Frequently Asked Questions

Zhihu Inc. (ZH) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Zhihu Inc.'s revenue?

Zhihu Inc. (ZH) reported $2.69B in revenue for fiscal year 2025. This represents a 303% increase from $668.7M in 2019.

How fast is Zhihu Inc. growing?

Zhihu Inc. (ZH) saw revenue decline by 26.7% over the past year.

Is ZH profitable?

Zhihu Inc. (ZH) reported a net loss of $217.9M for fiscal year 2025.

Dividend & Returns
What is ZH's return on equity?

Zhihu Inc. (ZH) has a return on equity (ROE) of -4.6%. Negative ROE indicates the company is unprofitable.

What is Zhihu Inc.'s free cash flow?

Zhihu Inc. (ZH) had negative free cash flow of $424.4M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in ZH back in 2019?

Total return calculator · dividends reinvested · 7+ years of data

See returns →