7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings, in CNY as reported — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | CN¥2.7B | -CN¥195M | 59.9% | -18.5% | -5.1% | -3.8% | -CN¥365M | — | CN¥3.4B |
| 2024 | CN¥3.6B | -CN¥169M | 60.6% | -13.4% | -4.1% | -2.9% | -CN¥283M | — | CN¥4.0B |
| 2023 | CN¥4.2B | -CN¥840M | 54.7% | -25.5% | -18.3% | -12.4% | -CN¥424M | — | CN¥2.1B |
| 2022 | CN¥3.6B | -CN¥1.6B | 50.2% | -44.5% | -27.9% | -20.6% | -CN¥1.1B | — | CN¥4.5B |
| 2021 | CN¥3.0B | -CN¥1.3B | 52.5% | -47.0% | -19.3% | -14.8% | -CN¥448M | — | CN¥2.2B |
| 2020 | CN¥1.4B | -CN¥518M | 56.0% | -44.6% | 10.1% | -13.8% | -CN¥246M | — | CN¥958M |
| 2019 | CN¥671M | -CN¥1.0B | 46.6% | -157.9% | — | — | -CN¥720M | — | — |
Over the past 5 years, Zhihu Inc.'s revenue has grown 15.2% per year.
As of FY2025, Zhihu Inc. reported — of total debt against CN¥3.4B of cash.
In FY2025, gross margin was 59.9%, operating margin -18.5%, and net margin -7.1%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — its annual and interim reports, in CNY as reported (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (annual and interim filings, reported in CNY) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing.