Zhihu Inc. Sponsored ADR ZH

3.76 0.01 0.27% as of 25 Sep
Market cap
$220.9M
P/E
0.0×

Insider Decisions

Total sells 0.00
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — 1 — — —
Insider Ownership 22.14%

Capital & Financial Ratios

Market Cap 220.93
Revenue 388.64
Net Income (43.28)
Free Cash Flow (130.85)
Net Debt (620.44)
Current Ratio 3.73
Debt/Equity 0.03
P/E ratio 0.00
P/S ratio 0.74
P/B ratio 0.52
Past 5Y EPS Growth 34.56%
This Y EPS Growth (52.96%)
Next Y EPS Growth 74.03%
Next 5Y EPS Growth 33.57%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 769 666 606 636
Receivables 94 58 51 60
Inventory — — — —
Other 3 6 4 2
898 751 677 715
2023 2024 2025 Q'26
Payables 146 114 97 103
ST’ Debt — — 5 15
Other 71 51 47 49
274 209 181 191
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — 13.66% (9.06%)
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% (12.45%)

Revenue

Mar Jun Sep Dec Year
’26 94 102 — — —
’25 101 100 93 100 393
’24 133 128 120 111 493
’23 145 144 140 163 591
’22 117 125 128 152 523
’21 73 99 128 165 464
’20 — — — — 207
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 — (17) — — —
’25 — (23) — (52) (52)
’24 — (54) — (38) (38)
’23 — (8) — (59) (59)
’22 — — — (162) (162)
’21 — — — (69) (69)
’20 — — — (37) (37)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 — (17) — — —
’25 — (23) — (52) (52)
’24 — (54) — (39) (39)
’23 — (9) — (60) (60)
’22 — — — (162) (162)
’21 — — — (70) (70)
’20 — — — (38) (38)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (0.02) (0.07) — — —
’25 (0.02) 0.12 (0.08) (0.38) (0.34)
’24 (0.24) (0.12) (0.02) 0.14 (0.26)
’23 (0.24) (0.36) (0.36) (0.18) (1.20)
’22 (0.96) (0.72) (0.42) (0.17) (2.28)
’21 (3.18) (0.48) (0.42) (0.60) (2.88)
’20 — — — — (3.64)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — — — — 28.80 5.34 3.91 2.55 3.19

Analyst estimates 2026–2028

Powerpack
Low Price
— — — — — 83.09 33.36 12.66 5.74 6.32
High Price
— — — — 1,651 2,649 2,515 2,731 1,887 1,154
Employees
— — — 0 0 0 0 0 0 0
Revenue/Emp
— — — 98 207 464 523 591 493 393
Revenue
— — — 46.58% 56.04% 52.51% 50.16% 54.68% 60.60% 59.94%
Gross Margin
— — — (146) (79) (203) (227) (117) (24) (25)
EBT
— — — (149.87%) (38.20%) (43.71%) (43.39%) (19.71%) (4.96%) (6.31%)
EBT Margin
— 0 — (146) (79) (204) (229) (118) (23) (28)
Net Income
— — — 3 3 3 4 4 3 3
Depreciation
— — — 0.17 9.52 5.80 5.14 5.93 5.41 4.91
Revenue/Sh
— — — (0.73) (3.64) (2.88) (2.28) (1.20) (0.26) (0.34)
Earnings/Sh
— — — (0.18) (1.72) (0.86) (1.59) (0.59) (0.42) (0.65)
Cash Flow/Sh
— — — 0.00 (0.01) (0.01) 0.00 (0.01) 0.00 0.00
Capex/Sh
— — — (0.18) (1.73) (0.88) (1.59) (0.60) (0.42) (0.65)
Free CF/Sh
— — — 0.81 (36.23) 13.20 8.12 6.64 6.30 6.93
Book Value/Sh
— — — 568 22 80 102 100 91 80
Shares
— — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PE Ratio
— — — 0.00 0.00 5.73 1.63 0.90 0.65 0.67
PS Ratio
— — — 0.00 0.00 2.52 1.03 0.80 0.56 0.47
PB Ratio
— — — 0.00 0.00 3.31 (0.09) (0.39) (0.68) (0.86)
EV/Sales
— — — 0.00 0.00 0.00 0.00 0.77 2.07 2.02
EV/FCF
— — — (104) (37) (69) (162) (59) (38) (52)
Op' Cash Flow
— — — (1) 0 (1) 0 (1) 0 0
Capex
— — — (104) (38) (70) (162) (60) (39) (52)
FCF
— — — 451 415 1,010 797 624 543 495
Working Cap'
— — — 4 0 6 8 — — 5
Total Debt
— — — (505) (474) (1,125) (900) (769) (666) (601)
Net Debt
— — — 462 (788) 1,057 826 662 575 554
Sh' Equity
— — — (72.83%) (31.98%) (23.55%) (18.40%) (11.50%) (2.70%) (3.61%)
ROA
— — — 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC
— — — 0.00% 26.97% (171.48%) (24.35%) (15.97%) (3.81%) (4.89%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Zhihu Inc. Sponsored ADR peers in Internet Content & Information

All 77 Internet Content & Information stocks →

Zhihu Inc. Sponsored ADR (ZH) key facts

  • Zhihu Inc. Sponsored ADR (ZH) is an Internet Content & Information company in the Communication Services sector, traded in the US as an ADR.
  • Zhihu Inc. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was HKD 393.1 million, down 20.3% from fiscal 2024.
  • As of September 25, 2026, ZH traded at $3.76, a market capitalization of $220.9 million.
  • Return on equity was −4.89% and debt-to-equity 0.03.

Source: company filings (standardised) and stockrow calculations.

Zhihu Inc. Sponsored ADR (ZH) Latest News

News by impact score

Fine-tune

24 Sep

4

Zhihu Inc. will hold an extraordinary general meeting at 10:00 a.m. Beijing time on October 20, 2026, to approve a RMB 1.5 billion subscription of a limited partnership interest in Tianjin Lisi Xingshen Equity Investment Partnership (Limited Partnership) by a wholly owned subsidiary. The board recommends voting in favor. Record dates set: ordinary shares as of September 21, 2026 (Hong Kong time) and ADSs as of September 21, 2026 (New York time). ADS holders may instruct JPMorgan Chase Bank, N.A. to vote per the ADS voting instruction card. The circular, notice of the EGM and proxy form are available on the investor relations site. Includes standard Safe Harbor language and contact information for investor and media inquiries. A RMB 1.5 billion private-equity-like investment via a subsidiary signals a major capital allocation that could materially affect liquidity and strategic investment direction.

10 Sep

3

Zhihu signed a conditional RMB1.5 billion AI fund deal that raises questions about risk justification. Conditional RMB1.5 billion AI fund deal may moderately shift Zhihu's strategic priorities and market perception.

26 Aug

3 transcript

Zhihu Inc. Sponsored ADR (ZH) released its Q2 2026 earnings call transcript covering quarterly financial results, operational metrics, and management commentary on future outlook. Q2 2026 earnings details and guidance influence near-term investor sentiment and valuation but do not alter core business trajectory.

3 transcript

Zhihu Inc. (ZH) reported sequential revenue improvement in its Q2 2026 earnings call while advancing AI initiatives. Sequential revenue gains paired with AI progress point to moderate effects on operations and investor views.

3 transcript

Zhihu reports Q2 financial results and operational updates during earnings call. Q2 earnings details can shift near-term investor views on revenue trends and guidance.

3

Zhihu Inc. reported its unaudited second quarter 2026 financial results. Quarterly earnings data updates current performance metrics and can shift near-term investor sentiment.

3 Jun

4

Zhihu Inc posted strong Q1 2026 results fueled by AI integration and operational gains that lifted revenue and user metrics. Q1 2026 earnings beat plus AI initiatives signal material upside to revenue trajectory and investor sentiment for ZH.

3 transcript

Zhihu Inc. Sponsored ADR (ZH) issues Q1 earnings call highlights covering quarterly results and business updates. Q1 earnings updates provide financial and operational details likely to affect near-term sentiment without major strategic shifts.

3 earnings

Zhihu Inc. released unaudited first quarter 2026 financial results. Quarterly earnings results directly affect near-term stock valuation and investor sentiment for Zhihu.

25 Mar

4

Zhihu Inc. (ZH) Q4 earnings call highlights key financial results including revenue growth, user metrics, monetization progress, cost controls, and optimistic 2024 guidance amid competitive pressures. Q4 earnings highlights disclose financial performance and forward guidance, significantly influencing investor sentiment and stock trajectory.

4

Zhihu Inc. reported unaudited financial results for the fourth quarter and fiscal year 2025. Release of quarterly and annual financial results directly affects investor sentiment, stock valuation, and future performance expectations.

3

Zhihu Inc. achieved full-year 2025 profitability despite revenue challenges, as highlighted in its Q4 earnings call. Full-year profitability signals financial improvement amid revenue headwinds, moderately impacting investor sentiment and trajectory.

25 Nov

3 transcript

Zhihu Inc. reported challenges in revenue during its Q3 2025 earnings call, highlighting strategic initiatives aimed at addressing these issues. The company is focusing on enhancing user engagement and diversifying revenue streams to navigate the current market landscape. Despite the difficulties, management expressed optimism about future growth opportunities and ongoing investments in technology and content development. Revenue challenges and strategic initiatives may moderately influence Zhihu's financial performance and market positioning.

3

Zhihu Inc. reported its unaudited financial results for the third quarter of 2025, highlighting key metrics such as revenue, net income, and user engagement. The company showed growth in its user base and improvements in monetization strategies, reflecting a positive trend in its operational performance. Despite challenges in the competitive landscape, Zhihu's strategic initiatives appear to be yielding favorable outcomes, positioning the company for future growth. Moderate growth in user engagement and revenue indicates a positive but limited impact on overall performance.

17 Nov

3

Zhihu Inc. (NYSE:ZH) has attracted significant interest from institutional investors, who collectively hold a 24% stake in the company. This level of institutional ownership indicates a growing confidence in Zhihu's potential and may influence its market performance moving forward. The substantial institutional stake suggests a moderately noticeable influence on investor sentiment and potential market performance.

17 Oct

3

Zhihu Inc. showcased its Yanyan Story at the Frankfurt Book Fair, marking the international debut of China's short-form literature. This event highlights Zhihu's commitment to promoting Chinese literary works globally, potentially expanding its audience and influence in the international market. The international exposure at a major literary event may enhance Zhihu's brand and market presence, but the overall impact on financial performance is expected to be limited.

30 Sep

3

Zhihu Inc. has announced the resignation of its Chief Technology Officer, a significant leadership change that may impact the company's strategic direction and operations. The company has not yet disclosed details regarding the reasons for the resignation or plans for a successor, raising questions about future technology initiatives and overall management stability. Leadership changes can moderately influence company operations and strategic direction.

28 Aug

4

Zhihu Inc. reported its second quarter 2025 earnings, achieving an earnings per share (EPS) of CN¥0.90, a significant improvement compared to a loss of CN¥0.89 in the same quarter of 2024. This marks a positive turnaround for the company, indicating potential growth and recovery in its financial performance. The positive EPS indicates a significant turnaround in financial performance, likely influencing investor sentiment and future market positioning.

3 transcript

Zhihu Inc. reported challenges in revenue during its Q2 2025 earnings call, highlighting strategic initiatives aimed at navigating these difficulties. The company is focusing on enhancing user engagement and diversifying revenue streams to stabilize its financial performance. Management emphasized the importance of adapting to market conditions and leveraging technology to improve service offerings. Revenue challenges and strategic initiatives may moderately influence Zhihu's financial performance and competitive positioning.

27 Aug

3

Zhihu Inc. reported its unaudited financial results for the second quarter of 2025, highlighting key metrics such as revenue growth and user engagement. The company continues to focus on enhancing its platform and expanding its user base, reflecting a commitment to long-term growth despite market challenges. Investors are encouraged by the positive trends in user activity and monetization strategies. Revenue growth and user engagement metrics indicate a moderately noticeable influence on financial performance and market sentiment.

6 Aug

3

Zhihu Inc. is facing challenges in achieving profitability, with analysts questioning when the company will turn a profit. Despite its growth in user engagement and revenue, the company has yet to demonstrate a clear path to profitability. Investors are keenly watching for any strategic moves or changes that could signal a shift towards positive financial performance. The competitive landscape and market dynamics also play a crucial role in Zhihu's future prospects. Moderate influence is expected due to ongoing challenges in profitability and market competition.

30 Jul

3

Zhihu Inc. will report its financial results for the second quarter of 2025 on August 27, 2025. Investors and analysts are anticipating insights into the company's performance and future outlook during this earnings announcement. The upcoming financial results may influence investor sentiment and provide insights into the company's operational performance.

26 Jun

3

Zhihu Inc., a Chinese online content community, has a market cap of approximately $315.47 million and generates revenue primarily from advertising, totaling CN¥3.37 billion. Despite being unprofitable, Zhihu has reduced its losses by 26.3% annually over the past five years. Revenue declined to CN¥729.67 million in Q1 2025 from CN¥960.86 million the previous year, but net losses decreased significantly, indicating operational improvements. Analysts expect substantial stock price growth as it trades below estimated fair value, with no significant shareholder dilution observed recently. Zhihu's operational improvements and reduced losses indicate a moderately noticeable influence on its future performance.

30 May

3

Zhihu Inc. (NYSE:ZH) shares fell 3.7% to US$3.86 following quarterly results that slightly exceeded analyst expectations, with revenues at CN¥730m, beating forecasts by 3.9%. Analysts predict revenues will decline to CN¥3.04b in 2025, a 9.8% drop, with per-share losses expected to reach CN¥1.73. Despite no major changes to revenue estimates, sentiment improved as loss estimates were reduced. The consensus price target remains at US$5.75, with a narrow range of analyst estimates between US$4.80 and US$6.60. Revenue is forecasted to decline annually by 13%, contrasting with a 3.1% growth over the past three years, while the industry is expected to grow by 10%. Long-term prospects are deemed more relevant than next year's earnings. Analysts expect a moderate decline in revenue and increased losses, which may affect financial performance but not fundamentally alter the company's trajectory.

28 May

4

Zhihu Inc. reported its Q1 2025 earnings, highlighting strategic shifts and the integration of AI technologies into its operations. The company is focusing on enhancing user engagement and monetization strategies while navigating a competitive landscape. Management emphasized the importance of adapting to market changes and leveraging AI to improve content delivery and user experience. Future initiatives aim to strengthen Zhihu's position in the knowledge-sharing sector. Strategic shifts and AI integration are likely to significantly impact Zhihu's competitive positioning and market performance.

27 May

4

Zhihu Inc. is positioned for growth due to its expanding user base and enhanced monetization strategies. The company has reported increased engagement on its platform, which is expected to drive revenue growth. Additionally, Zhihu is focusing on diversifying its content offerings and improving user experience, which could further strengthen its market position. Analysts are optimistic about the company's future prospects, citing its unique value proposition in the knowledge-sharing sector. Zhihu's strategic initiatives and user engagement improvements are likely to significantly impact its market performance and growth trajectory.

4

Zhihu Inc. reported its unaudited financial results for Q1 2025, with total revenues of RMB729.7 million, down from RMB960.9 million in Q1 2024. Gross margin improved to 61.8%, while net loss narrowed significantly to RMB10.1 million. Adjusted net income reached RMB6.9 million, marking the first non-GAAP net income in a first quarter since the IPO. The company highlighted operational efficiency and AI integration as key factors in its performance. Zhihu also announced a new share repurchase program, aiming to buy back up to 10% of its shares by June 2026. The significant improvement in financial performance and the introduction of a new share repurchase program indicate a strategic shift that could positively influence investor sentiment and market positioning.

3

Zhihu Inc. announced the appointment of Dr. Li-Lan Cheng as an independent director, effective May 27, 2025, following the resignation of Mr. Hanhui Sam Sun. Dr. Cheng will chair the audit committee and serve on several other committees. He has extensive experience in finance and corporate governance, previously holding key positions at E-House and other companies. The board expressed gratitude to Mr. Sun for his service and welcomed Dr. Cheng's expertise. The appointment of a new independent director with significant financial expertise may moderately influence Zhihu's governance and strategic direction.

29 Apr

3

Zhihu Inc. Sponsored ADR (ZH) is highlighted as one of three promising penny stocks with market capitalizations exceeding $100 million. The article emphasizes the potential for growth in the company's user engagement and revenue generation, suggesting that it may be an attractive investment opportunity for those looking at lower-priced stocks with significant upside potential. Zhihu's growth potential and user engagement improvements may moderately influence its financial performance and market positioning.

17 Apr

3

Zhihu Inc. (NYSE:ZH) reported a revenue of CN¥3.60 billion for FY 2024, a 14% decline from FY 2023, but narrowed its net loss to CN¥171.8 million, improving loss per share to CN¥1.88. Revenue exceeded analyst estimates by 1.4%, and EPS surpassed expectations by 40%. The primary revenue source was advertising, while sales and marketing costs accounted for 60% of total expenses. Non-operating gains of CN¥309.3 million contributed positively to earnings. Revenue is projected to grow at 1.1% annually over the next three years, lagging behind the 10% growth forecast for the Interactive Media and Services industry in the US. Zhihu's shares have risen 2.5% over the past week, but a warning sign regarding risks has been identified. Earnings performance and revenue forecasts indicate moderate influence on financial performance and market sentiment.

stockrow.com/ZH · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com