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NYSE · Internet Content & Information · USD

Zhihu Inc. (ZH) Stock Analysis

Zhihu Inc. (ZH) is a Internet Content & Information stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

ZH

$3.46

−$0.05 (−1.42%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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ZH Key Statistics

As of Oct 21, 2026
Trading
Open
$3.50
Previous Close
$3.51
Day's Range
3.37–3.49
52-Week Range
2.56–4.52
Volume
289.55K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.22
Valuation
Market Cap
$290.06M
P/E Ratio
unprofitable
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
62.58
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
0.11
EPS (ttm)Profit attributable to each share over the last twelve months.
−0.54
Financials (FY)
Revenue (FY)
$2.75B−23.62%
Net Income (FY)
−$192.90M
Profit marginThe share of revenue left as profit after all costs and taxes.
−11.39%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
78.88M
1-Year Return
−20.09%
Dividend and dates
Earnings Date
November 24, 2026estimated
Avg Volume
366.45K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, ZH closed at $3.46, −20.09% over 1 year.

Zhihu Inc. (ZH) has a market capitalization of $290.06M.

In fiscal 2025, ZH reported revenue of $2.75B.

ZH Stock Return by Calendar Year

Zhihu Inc. (ZH) return since Mar 2021: what $10,000 became

1 year
$10,000 $7,991
−20.09%
5 years
$10,000 $563
−94.37%
Since Mar 2021
$10,000 $678
−93.22%

If you had invested $10,000 in Zhihu Inc. (ZH) at the close on March 26, 2021, the earliest close on record here, it would have been worth $678 at the close on October 21, 2026: −93.22% in total, −38.30% a year, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+5.49%
2025−7.34%
2024−36.97%
2023−28.00%
2022−76.53%
2021 (partial year)−34.82%

As of October 21, 2026.

ZH Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$2.75B−$192.90M−7.0%
2024$3.60B−$171.80M−4.8%
2023$4.20B−$843.64M−20.1%
2022$3.60B−$1.58B−43.9%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$2.75B$1.65B−$380.94M−$192.90M−7.0%
2024$3.60B$2.18B−$481.08M−$171.80M−4.8%
2023$4.20B$2.30B−$1.07B−$843.64M−20.1%
2022$3.60B$1.81B−$1.60B−$1.58B−43.9%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

ZH Valuation vs Internet Content & Information Median

Median of 71 stocks
MetricZHInternet Content & Information medianvs median
P/S ratio0.110.790.1x the median
Profit margin−11.39%−0.03%11.4 pts below

Medians across 71 Internet Content & Information stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 8 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values Zhihu Inc. (ZH) at $290.06M. It is classified in the Internet Content & Information industry, within the Communication Services sector. Headcount on file is 1,149.

The most recent close on file for ZH is $3.46, dated October 21, 2026. That is −$0.05 (−1.42%) against the previous close. Over the past 52 weeks the price has ranged from $2.56 to $4.52. The latest close sits 35.16% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $2.75B. That is −23.62% against the prior fiscal year, when revenue was $3.60B. The same year closed with a net loss of $192.90M. The reported profit margin is −11.39%. That is 11.4 percentage points below the Internet Content & Information median of −0.03%. Earnings per share on a trailing basis come to −0.54.

Across the 4 fiscal years on file, revenue moves from $3.60B in 2022 to $2.75B in 2025. Of those 4 years, 0 report positive net income.

Valuation Assessment

The record shows negative trailing earnings, so no price-to-earnings ratio is published. On forward earnings the ratio is 62.58. The price-to-sales ratio is 0.11. On price-to-sales that is 0.1 times the Internet Content & Information median of 0.79. The medians here are taken across 71 Internet Content & Information companies that report the metric.

Over the trailing twelve months the total return is −20.09%. Measured over 5 years, that is −43.76% a year compounded. Beta against the wider market is reported at 0.22. Annualized volatility over the trailing 5 years is 85.31%.

Growth & Income

No dividend is on file for ZH.

Across the complete calendar years on file, 2025 returned −7.34% and 2022 returned −76.53%. Of the 4 complete calendar years on file, 0 finished higher. So far in 2026 the total return is +5.49%.

Peer Comparison

Zhihu Inc. (ZH) operates in the Internet Content & Information industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Zhihu Inc. ZH $290.06M —
Alphabet Inc. GOOGL $4.09T 16.8
Meta Platforms, Inc. META $1.78T 26.3
Spotify Technology S.A. SPOT $108.00B 30.2

The Internet Content & Information industry average P/E ratio is 12.3x. Zhihu Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Zhihu Inc.

Zhihu Inc., together with its subsidiaries, operates an online content community in the People's Republic of China. The company offers contents in various categories, including career development, science and technology, business and finance, consumer decision-making, lifestyle, entertainment, and others. It also provides Yan Selection membership program which provides premium content items, such as fictional stories and novels, other books and magazines, live and recorded lectures, and audio books. In addition, the company offers marketing services comprising online advertising services and content-commerce solutions; and content-related services, including vocational training and other content-based offering. Further, it is involved in the provision of technology, business support, consulting, and internet services, as well as holds audio-visual permit. The company was formerly known as Zhihu Technology Limited and changed its name to Zhihu Inc. in October 2020. Zhihu Inc. was founded in 2010 and is headquartered in Beijing, the People's Republic of China.

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