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