Saturday 17 October 2026
Export ZH’s income statement to Excel — free account
Zhihu Inc. Sponsored ADR
ZH Communication Services Internet Content & Information
Zhihu Inc. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $393.1 million, down 20.3% from fiscal 2024. In the quarter to June 2026, revenue grew 1.63%, EPS fell 153.9%, free cash flow grew 68.1% and total debt rose 99.5%, each against the same quarter a year earlier.
3.35
0.15
−4.29%
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| Dec '17 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
— | — | — | 5 | 3 | 6 | 5 | 3 |
P/E ratio |
— | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Altman Z-Score |
— | — | — | 4.62 | 0.88 | 0.23 | (0.07) | (0.60) |
P/S ratio |
— | 0.00 | 0.00 | 5.73 | 1.63 | 0.90 | 0.65 | 0.67 |
Altman Z″-Score (non-manufacturers) |
— | 2.74 | (1.25) | 4.83 | 3.00 | 1.40 | 1.78 | 1.12 |
P/FCF ratio |
— | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Beneish M-Score |
— | — | (2.32) | 0.06 | (2.90) | (2.85) | (2.92) | (1.94) |
P/Operating CF |
— | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
P/B ratio |
— | 0.00 | 0.00 | 2.52 | 1.03 | 0.80 | 0.56 | 0.47 |
Price to Tangible BV |
— | 0.00 | 0.00 | 2.57 | 1.07 | 0.86 | 0.59 | 0.48 |
EV/Sales |
— | 0.00 | 0.00 | 3.31 | (0.09) | (0.39) | (0.68) | (0.86) |
EV/EBITDA |
— | 0.00 | 0.00 | 0.00 | 0.20 | 1.53 | 5.09 | 4.67 |
EV/Operating CF |
— | 0.00 | 0.00 | 0.00 | 0.00 | 0.78 | 2.11 | 2.03 |
EV/FCF |
— | 0.00 | 0.00 | 0.00 | 0.00 | 0.77 | 2.07 | 2.02 |
Quick Ratio |
— | 5.07 | 3.53 | 4.24 | 3.89 | 3.15 | 3.46 | 3.63 |
Current Ratio |
— | 5.11 | 3.67 | 4.39 | 4.01 | 3.28 | 3.60 | 3.73 |
Net Debt/EBITDA |
— | 3.34 | 5.30 | 5.24 | 3.93 | 5.22 | 10.58 | 8.61 |
Debt/Assets |
0.00% | 0.63% | 0.07% | 0.46% | 0.69% | 0.00% | 0.00% | 0.67% |
Debt/Equity |
— | 0.01 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 |
Asset Turnover |
— | 0.34 | 0.36 | 0.47 | 0.42 | 0.57 | 0.57 | 0.51 |
Operating CF/Net income |
— | 0.50 | 0.20 | 0.30 | 0.71 | 0.49 | 1.63 | 1.89 |
Capex/Depreciation |
— | 0.00 | (0.10) | (0.35) | (0.02) | (0.36) | (0.12) | (0.05) |
Interest Coverage |
— | (39.34) | — | — | — | — | — | — |
| — | 0.00% | 26.97% | (171.48%) | (24.35%) | (15.97%) | (3.81%) | (4.89%) | |
| — | (72.83%) | (31.98%) | (23.55%) | (18.40%) | (11.50%) | (2.70%) | (3.61%) | |
ROIC |
— | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Return on Tangible Assets |
— | (45.64%) | (44.16%) | (22.80%) | (28.74%) | (18.99%) | (4.33%) | (5.56%) |
Average Days of Receivables |
— | 176.74 | 131.20 | 102.57 | 84.47 | 57.77 | 42.66 | 47.53 |
Research and Development Expense of Revenue |
— | 52.37% | 24.39% | 20.94% | 21.18% | 21.47% | 20.35% | 19.10% |
Selling, General and Administrative Expense of Revenue |
— | 152.11% | 76.24% | 78.57% | 73.47% | 58.74% | 53.61% | 54.70% |
Intangible Assets out of Total Assets |
0.00 | 0.01 | 0.01 | 0.02 | 0.03 | 0.05 | 0.03 | 0.01 |
Share Based Compensation of Revenue |
— | 0.00% | 13.32% | 18.53% | 10.37% | 3.92% | 1.65% | 3.17% |
Graham Net Nets |
— | 0.00 | 0.00 | 0.37 | 0.91 | 1.14 | 1.68 | 1.86 |
Graham Number |
— | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
— | (14.08%) | (14.08%) | (14.08%) | (26.96%) | (21.38%) | (6.78%) | (10.67%) |
Free Cash Flow Yield |
— | 0.00% | 0.00% | 0.00% | 0.00% | (56.55%) | (50.09%) | (63.95%) |
Revenue per Share |
— | 0.17 | 9.52 | 5.80 | 5.14 | 5.93 | 5.41 | 4.91 |
Operating CF per Share |
— | (0.18) | (1.72) | (0.86) | (1.59) | (0.59) | (0.42) | (0.65) |
Capex per Share |
— | 0.00 | (0.01) | (0.01) | 0.00 | (0.01) | 0.00 | 0.00 |
Free Cash Flow per Share |
— | (0.18) | (1.73) | (0.88) | (1.59) | (0.60) | (0.42) | (0.65) |
Cash per Share |
— | 0.90 | 21.81 | 14.13 | 8.93 | 7.72 | 7.30 | 7.58 |
Shareholders Equity per Share |
— | 0.81 | (36.23) | 13.20 | 8.12 | 6.64 | 6.30 | 6.93 |
Interest Debt per Share |
— | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
— | 0.81 | (36.23) | 13.20 | 8.12 | 6.64 | 6.30 | 6.93 |
Free Cash Flow |
— | (104.15) | (37.76) | (70.25) | (161.74) | (59.77) | (38.75) | (52.13) |
Working Capital |
— | 450.71 | 414.65 | 1,010.02 | 796.69 | 624.29 | 542.52 | 495.29 |
Capital Expenditures |
— | (0.84) | (0.30) | (1.17) | (0.09) | (1.25) | (0.37) | (0.14) |
Net Current Asset Value |
— | 450.32 | (794.75) | 983.45 | 776.81 | 603.42 | 540.79 | 488.51 |
EV/EBIT |
— | 0.00 | 0.00 | 0.00 | 0.20 | 1.53 | 5.09 | 4.67 |
Capex to Sales |
— | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Operating Income |
— | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||
Depreciation/Fixed assets |
— | 0.51 | 2.42 | 2.17 | 3.46 | 2.29 | 2.59 | 3.55 |
Cash ROIC |
— | (10.69%) | 12.05% | (3.20%) | (9.29%) | (4.18%) | (3.12%) | (4.47%) |
Accounts Receivable Turnover |
— | 0.00 | 3.40 | 4.53 | 4.16 | 5.51 | 6.52 | 7.22 |
Accounts Payable Turnover |
— | 0.00 | 1.54 | 1.85 | 1.77 | 1.92 | 1.49 | 1.49 |
Inventory Turnover |
— | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
— | 288.58 | 308.17 | 266.60 | 186.09 | 199.19 | 215.10 | 225.81 |
Days of Inventory on Hand |
— | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
— | — | 60.87 | 102.50 | 125.73 | 107.28 | 75.62 | 54.41 |
Average Payables |
— | — | 59.06 | 119.00 | 146.96 | 139.55 | 130.38 | 105.96 |
Average Assets |
— | 286.07 | 574.31 | 979.09 | 1,245.89 | 1,033.57 | 871.25 | 763.85 |
Average Common Equity |
— | — | (680.86) | 134.47 | 941.48 | 743.90 | 618.51 | 564.47 |
Columns are period end dates