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Zhihu Inc.

Data quality: 100%
Also listed as ZHIHF NYSE
ZH
NYSE Services Business Services
$3.53
▲ $0.13 (3.68%)
6 months return
Momentum
Neutral
ROE
-3.81%

Growth

Revenue Growth (5Y)
N/A
Revenue (1Y)-16.63%
Earnings (1Y)N/A
FCF Growth (3Y)N/A

Quality

Return on Equity
-3.81%
Above sector avg (-15.97%)
ROIC-8.27%
Net Margin-4.70%
Op. Margin-13.37%

Safety

Debt / Equity
N/A
Current Ratio3.60
Interest CoverageN/A

Valuation

PE (TTM|NTM|2027)
-12.44 | 2.34 | 2.38
Below sector avg (-1.17)
P/B Ratio0.51
EV/EBITDAN/A
Dividend YieldN/A

Quick Summary

Key Takeaways

Short bullets derived from reported financials—not the AI summary above.

Negative free cash flow of -38.76 M
Capital efficient — spends only 0.08% of revenue on capex

Price History

Financial Trends

Analyst Price Target

7 analysts
Buy
+29.8%
upside to target
Current
$3.53
Consensus Target
$4.58
$3.14
Low
$6.02
High
Forecast
Forward P/E
2.34
Forward EPS
$1.37
EPS Growth (est.)
+88.3%
Est. Revenue
2.57 B

Earnings Surprises

EPS
Reported Estimate Forecast
Next: Q1 2026 · Rev Est: 627.00 M
Q22025 Q32025 Q42025 Q1 '26
Reported $1.12 -$0.26 -$0.47
Estimate -$0.08
Surprise -493.16%

Growth

Rev 5Y: N/A · Earnings 1Y: N/A
Revenue Growth (1Y) -16.63% Revenue Growth (3Y) -2.87%
Earnings Growth (1Y) N/A Earnings Growth (3Y) N/A
Revenue Growth (5Y) N/A Earnings Growth (5Y) N/A

Profitability

ROE: -3.81% · Net Margin: -4.70%
Revenue (TTM) 493.05 M Net Income (TTM) -23.15 M
ROE -3.81% ROA -2.66%
Gross Margin 60.60% Operating Margin -13.37%
Net Margin -4.70% Free Cash Flow (TTM) -38.76 M
ROIC -8.27% FCF Growth (3Y) N/A

Safety

D/E: N/A · Current: 3.60
Debt / Equity N/A Current Ratio 3.60
Interest Coverage N/A Asset Turnover 0.57
Working Capital 542.52 M Tangible Book Value 541.87 M

Dividends

Yield: N/A · Payout: N/A
Dividend Yield N/A Payout Ratio N/A
Dividend Growth (3Y) N/A Dividend Growth (5Y) N/A
Consecutive Div Years N/A

Valuation

P/E: -12.44 · EV/EBITDA: N/A
P/E Ratio -12.44 Forward P/E 2.34
P/B Ratio 0.51 P/S Ratio 0.58
PEG Ratio N/A Forward PEG 0.03
EV/EBITDA N/A Fwd EV/EBITDA N/A
Forward P/S 0.11 Fwd Earnings Yield 42.74%
FCF Yield -13.46%
Market Cap 288.00 M Enterprise Value -259.89 M

Per Share

EPS: -0.09 · FCF/Share: -0.44
EPS (Diluted TTM) -0.09 Revenue / Share 5.58
FCF / Share -0.44 OCF / Share -0.43
EPS CAGR (1Y) N/A EPS CAGR (5Y) N/A
EPS CAGR (10Y) N/A

Efficiency

FCF Conv: 167.43% · CapEx/Rev: 0.08%
CapEx / Revenue 0.08% FCF Conversion 167.43%
SBC-Adj. FCF -46.88 M Growth Momentum N/A

Income Statement

Annual, most recent first
Metric FY2024 FY2023 FY2022 FY2021
Revenue 493.05 M 591.40 M 522.66 M 464.38 M
Net Income -23.15 M -118.25 M -228.85 M -203.82 M
EPS (Diluted) -0.09 -0.40 -0.75 -0.96
Gross Profit 298.77 M 323.36 M 262.14 M 243.84 M
Operating Income -65.91 M -151.02 M -232.52 M -218.23 M
EBITDA
R&D Expenses 100.36 M 126.97 M 110.68 M 97.23 M
SG&A Expenses
D&A 3.01 M 3.51 M 3.66 M 3.37 M
Interest Expense
Income Tax -1.29 M 1.67 M 2.06 M 854,000.0

Balance Sheet

Annual, most recent first
Metric FY2024 FY2023 FY2022 FY2021
Total Assets 785.41 M 957.09 M 1.11 B 1.38 B
Total Liabilities 210.60 M 294.89 M 284.46 M 324.36 M
Shareholders' Equity 566.65 M 647.87 M 819.71 M 1.06 B
Total Debt
Cash & Equivalents 547.88 M 296.71 M 656.19 M 338.51 M
Current Assets 751.39 M 898.31 M 1.06 B 1.31 B
Current Liabilities 208.88 M 274.02 M 264.58 M 297.79 M

Peer Comparison

vs Services sector median (615 peers)
Metric Stock Sector Median
P/E -12.4 -1.2
P/B 0.5 1.4
ROE % -3.8 -16.0
Net Margin % -4.7 -18.7
Rev Growth 5Y % 4.0
D/E 0.4

ETFs Holding This Stock

JAMFX JAMFX
2.57% weight
JSIGX JSIGX
2.15% weight
JSCGX JSCGX
2.15% weight
JMIGX JMIGX
2.14% weight
JMCGX JMCGX
2.14% weight
MSMLX MSMLX
1.81% weight
MEMS logo MEMS Matthews Emerging Markets Discovery Active ETF MEMS
1.65% weight
MASGX MASGX
1.40% weight
MISFX MISFX
1.40% weight
EMSF logo EMSF Matthews Emerging Markets Sustainable Future Active ETF EMSF
0.79% weight