olivLaw · US equity research
Zhihu Inc. ZH
Services-Business Services, NEC · SIC 7389 · Vertical: Services-Business Services, NEC (SIC 7389)
Zhihu is one of the largest online user-generated content communities in China, with revenue falling year on year but a monetization model that is diversifying. The company's interest lies in the tension between shrinking revenue and investment in artificial intelligence, which it presents as a long-term opportunity. Revenue was 2.7 billion RMB in fiscal 2025.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Zhihu Inc. (ZH) stock was 2.71 USD (+6.27% on the day), with market capitalisation 159.4 m USD, beta 0.97, 52-week range 2.55–4.24 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 31.0
- weak (30–45)
- Bollinger (20, 2)
- 2.67 – 3.84
- in the lower half of the band · %B 0.03 · band width 35.8%
- SMA 50 / 200
- 3.20 / 3.23
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.15 / -0.06
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −19.6% | −1.1% | −18.5 pp | — |
| 3 months | −17.4% | −0.5% | −16.9 pp | — |
| 6 months | −17.6% | +4.4% | −22.0 pp | — |
| Year to date | −17.4% | +12.3% | −29.7 pp | — |
| 1 year | −35.6% | +13.5% | −49.2 pp | +0.9% |
| 3 years | −55.7% | +76.4% | −132.1 pp | +5.5% |
| 5 years | −94.6% | +63.7% | −158.3 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | unavailable | unavailable | 464.4 m | 522.7 m | 591.4 m | 493.0 m | 393.1 m |
| Revenue YoY | unavailable | unavailable | unavailable | +12.6% | +13.2% | −16.6% | −20.3% |
| Net income | unavailable | unavailable | -203.8 m | -228.8 m | -118.2 m | -23.1 m | -27.9 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | unavailable | -0.96 | -0.75 | -0.40 | -0.09 | -0.11 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | unavailable | unavailable | -43.9% | -43.8% | -20.0% | -4.7% | -7.1% |
| Free cash flow | unavailable | unavailable | -70.3 m | -161.8 m | -59.7 m | -38.8 m | -52.2 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 481.8 m USD
- Financial debt
- 5.0 m USD
- Net debt
- -476.8 m USD
- Equity
- 554.1 m USD
- Total assets
- 742.3 m USD
- Debt / equity
- 0.01x
- Current ratio
- 3.73x
- ROE
- -4.9%
- ROA
- -3.7%
- FCF margin
- -13.3%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|
| Revenue | 464.4 m | 522.7 m | 591.4 m | 493.0 m | 393.1 m | SEC (XBRL)· 17 Apr 2026verified |
| Cost of revenue | 220.5 m | 260.5 m | 268.0 m | 194.3 m | 157.5 m | SEC (XBRL)· 17 Apr 2026verified |
| Gross profit | 243.8 m | 262.1 m | 323.4 m | 298.8 m | 235.6 m | SEC (XBRL)· 17 Apr 2026verified |
| Research & development | 97.2 m | 110.7 m | 127.0 m | 100.4 m | 75.1 m | SEC (XBRL)· 17 Apr 2026verified |
| Operating income | -218.2 m | -232.5 m | -151.0 m | -65.9 m | -72.5 m | SEC (XBRL)· 17 Apr 2026verified |
| Depreciation & amortisation | 3.4 m | 3.7 m | 3.5 m | 3.0 m | 2.7 m | SEC (XBRL)· 17 Apr 2026verified |
| EBITDA | -214.9 m ≈ | -228.9 m ≈ | -147.5 m ≈ | -62.9 m ≈ | -69.8 m ≈ | SEC (XBRL)· 17 Apr 2026derived |
| Pre-tax income | -203.0 m | -226.8 m | -116.6 m | -24.4 m | -24.8 m | SEC (XBRL)· 17 Apr 2026verified |
| Income tax | 854.0 k | 2.1 m | 1.7 m | -1.3 m | 3.1 m | SEC (XBRL)· 17 Apr 2026verified |
| Net income | -203.8 m | -228.8 m | -118.2 m | -23.1 m | -27.9 m | SEC (XBRL)· 17 Apr 2026verified |
| Diluted EPS | -0.96 | -0.75 | -0.40 | -0.09 | -0.11 | SEC (XBRL)· 17 Apr 2026verified |
| Weighted average diluted shares | 240.2 m | 304.8 m | 299.1 m | 273.6 m | 240.0 m | SEC (XBRL)· 17 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|
| Cash | 338.5 m | 656.2 m | 296.7 m | 547.9 m | 481.8 m | SEC (XBRL)· 17 Apr 2026verified |
| Receivables | 130.5 m | 121.0 m | 93.6 m | 57.6 m | 51.2 m | SEC (XBRL)· 17 Apr 2026verified |
| Inventories | 4.6 m | 10.3 m | 22.2 m | 31.0 m | 26.1 m | SEC (XBRL)· 17 Apr 2026verified |
| Current assets | 1.3 bn | 1.1 bn | 898.3 m | 751.4 m | 676.7 m | SEC (XBRL)· 17 Apr 2026verified |
| Property, plant & equipment, net | 1.5 m | 1.1 m | 1.5 m | 1.2 m | 765.0 k | SEC (XBRL)· 17 Apr 2026verified |
| Goodwill | 11.6 m | 18.3 m | 26.9 m | 17.3 m | — | SEC (XBRL)· 15 Apr 2025verified |
| Intangibles (excl. goodwill) | 10.7 m | 11.6 m | 17.3 m | 7.5 m | 4.2 m | SEC (XBRL)· 17 Apr 2026verified |
| Total assets | 1.4 bn | 1.1 bn | 957.1 m | 785.4 m | 742.3 m | SEC (XBRL)· 17 Apr 2026verified |
| Accounts payable | 161.1 m | 132.8 m | 146.3 m | 114.5 m | 97.4 m | SEC (XBRL)· 17 Apr 2026verified |
| Short-term debt | — | — | — | — | 5.0 m | SEC (XBRL)· 17 Apr 2026verified |
| Current liabilities | 297.8 m | 264.6 m | 274.0 m | 208.9 m | 181.4 m | SEC (XBRL)· 17 Apr 2026verified |
| Total liabilities | 324.4 m | 284.5 m | 294.9 m | 210.6 m | 188.2 m | SEC (XBRL)· 17 Apr 2026verified |
| Equity | 1.1 bn | 825.6 m | 662.2 m | 574.8 m | 554.1 m | SEC (XBRL)· 17 Apr 2026verified |
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|
| Operating cash flow | -69.1 m | -161.7 m | -58.5 m | -38.4 m | -52.0 m | SEC (XBRL)· 17 Apr 2026verified |
| Capex | 1.2 m | 104.0 k | 1.2 m | 374.0 k | 189.0 k | SEC (XBRL)· 17 Apr 2026verified |
| Free cash flow | -70.3 m ≈ | -161.8 m ≈ | -59.7 m ≈ | -38.8 m ≈ | -52.2 m ≈ | SEC (XBRL)· 17 Apr 2026derived |
| Investing cash flow | -492.2 m | 506.1 m | -236.8 m | 351.1 m | -16.6 m | SEC (XBRL)· 17 Apr 2026verified |
| Financing cash flow | 765.2 m | -15.7 m | -51.4 m | -55.3 m | -18.8 m | SEC (XBRL)· 17 Apr 2026verified |
| Share repurchases | — | 18.6 m | 52.1 m | 54.9 m | 23.9 m | SEC (XBRL)· 17 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 43.8% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 159.4 m USD
Key indicators
Coverage and freshness
Score by group
44% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · the base of the ratio is not positive
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 43.8% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | -78.8% | 0 (vs peers) | 24% |
| Net margin · Quality | -7.1% | 26 (vs peers) | 14% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -9.1% | 0 (on a fixed band) | 19% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 3.7x | 100 (on a fixed band) | 10% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -32.7% | 0 (on a fixed band) | 19% |
| Shareholder yield (distributions) · Returns | 15.0% | 100 (on a fixed band) | 14% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality10/100 · 2/3 factors with a value
- Returns· partial100/100 · 1/2 factors with a value
- Valuation· partial0/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Zhihu Inc. (ZH). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 393.1 m USD in 2025; YoY growth -20.3%; net margin -7.1%; ROE -5.0%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (score weight coverage: 43.8% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 3.7x
- Shareholder yield (distributions): 15.0%
What contradicts it
- ROIC: -78.8%
- Net margin: -7.1%
- Revenue CAGR 3Y: -9.1%
- FCF yield: -32.7%
Not assessed (insufficient data or a ratio without meaning): FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA, Payout ratio (FCF).
Versus the vertical median
Services-Business Services, NEC (SIC 7389) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| UBERUber Technologies, Inc. | 142.7 bn | 41.3 | 12.4% | 6.1% | +18.3% | −20% / +24% |
| MELIMercadoLibre, Inc. | 88.2 bn | 47.3 | 27.5% | 5.3% | +39.1% | −16% / +7% |
| EBAYeBay Inc. | 54.9 bn | 27.2 | 46.6% | 16.9% | +7.9% | +51% / +205% |
| PYPLPayPal Holdings, Inc. | 50.0 bn | 11.5 | 23.8% | 13.8% | +4.3% | −4% / +4% |
| MSCIMsci Inc. | 48.2 bn | 35.7 | — | 40.3% | +9.7% | +20% / +29% |
| FISVFiserv, Inc. | 33.0 bn | — | -17.0% | -18.9% | +3.6% | +1% / −52% |
| CPAYCorpay, Inc | 27.5 bn | 25.4 | 30.5% | 22.7% | +13.9% | +42% / +74% |
| GPNGlobal Payments Inc. | 25.4 bn | — | -4.1% | -9.1% | −0.4% | +27% / −17% |
| BRBroadridge Financial Solutions, Inc. | 21.4 bn | 20.9 | 40.2% | 13.9% | +8.5% | −17% / −2% |
| RBARB Global, Inc | 17.6 bn | 39.9 | 8.8% | 10.0% | +7.2% | −3% / +49% |
| FISFidelity National Information Services, Inc. | 15.3 bn | 4.4 | 23.0% | 26.8% | +5.4% | −55% / −49% |
| FICOFair Isaac Corp | 15.1 bn | 20.3 | — | 34.1% | +15.9% | −61% / −36% |
| AKAMAkamai Technologies, Inc | 12.3 bn | 30.9 | 8.9% | 9.5% | +5.4% | −4% / −26% |
| ETSYEtsy, Inc | 8.3 bn | 11.4 | — | 32.8% | +2.7% | +77% / +27% |
| RELYRemitly Global, Inc. | 5.8 bn | 16.4 | 35.9% | 19.1% | +29.4% | +100% / +26% |
| SEZLSezzle Inc. | 4.6 bn | 30.0 | 88.9% | 30.4% | +66.1% | +121% / +8,110% |
| TICTIC Solutions, Inc. | 2.3 bn | — | -7.1% | -5.6% | unavailable | +10% / unavailable |
| ACVACopart Inc | 1.8 bn | — | -15.1% | -7.9% | +19.2% | +16% / −21% |
| LQDTLiquidity Services, Inc | 1.5 bn | 45.8 | 15.0% | 6.8% | +31.2% | +56% / +144% |
| QNSTQuinStreet, Inc. | 1.1 bn | 13.8 | 28.6% | 6.3% | +18.3% | +38% / +54% |
| CTEVClaritev Corporation | 367.3 m | — | — | -28.5% | +3.7% | −60% / −58% |
| FVRRFiverr International Ltd. | 314.4 m | 15.6 | 5.4% | 4.9% | +10.1% | −58% / −67% |
| POWWOutdoor Holding Company | 278.4 m | 70.8 | 2.8% | 12.1% | +3.5% | +30% / +18% |
| ZHZhihu Inc. | 159.4 m | — | -5.0% | -7.1% | −20.3% | −36% / −56% |
| RGPResources Connection, Inc. | 93.7 m | — | -25.1% | -10.7% | −18.0% | −44% / −80% |
1- and 3-year price returns: for ZH from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 17 Apr 2026; since then the company filed 6-K (02 Nov 2026), 6-K (26 Oct 2026), 6-K (21 Oct 2026), 6-K (20 Oct 2026), 6-K (16 Oct 2026).
In brief
Zhihu is one of the largest online user-generated content communities in China, with revenue falling year on year but a monetization model that is diversifying. The company's interest lies in the tension between shrinking revenue and investment in artificial intelligence, which it presents as a long-term opportunity. Revenue was 2.7 billion RMB in fiscal 2025 1.
SWOT
Strengths
- A large community with content spanning over a thousand verticals and an extensive creator base that is hard to reproduce quickly.
- A multi-channel monetization model, from advertising to subscriptions and vocational training.
- Proprietary algorithms for assessing content quality and creator expertise.
Weaknesses
- Revenue has declined in recent years, with a net loss in 2025.
- The average number of subscribing members has fallen, which signals difficulty retaining paying users.
- Selling and marketing expenses remain large relative to revenue.
Opportunities
- Licensing verified content to AI companies could open a new revenue line.
- Growth in AI-assisted search could increase time spent on the platform.
- The company describes monetization as still at an early stage, leaving room for new channels.
Threats
- Competition from content platforms and AI tools could divert user attention.
- Chinese regulation of online content could change operating conditions.
- An advertising market sensitive to the economy could limit a recovery in marketing revenue.
Risks
- Declining revenuehigh
Revenue has fallen each year from 2023 to 2025, and if the trend continues, pressure on financial results could grow.
- Net losshigh
The company reported a net loss in 2025, and without improved margins its internal funding capacity could come under pressure.
- Content regulationmedium
As a content platform in China, the company is exposed to regulatory changes that could affect moderation, recommendations and monetization.
- Contractual control structuremedium
Several operating entities are controlled through contractual arrangements, which creates legal risk if authorities challenge these structures.
- Dependence on creator contentlow
Most content is user-generated, so if creators reduce their contributions, the value of the community could decline.
Investment thesis
What would need to be true (bull case)
- If advertising and subscription revenue stabilize and AI-assisted search lifts engagement, the company could gradually regain growth.
- Licensing verified content to AI developers could add a new line less sensitive to the advertising cycle.
- Higher payouts to creators and stronger community engagement could reinforce the content network over the long term.
What would break the thesis
- If revenue decline continues, the company could remain loss-making and under pressure on its balance sheet.
- If the number of subscribing members does not recover, subscription revenue could stay below expectations.
- If generative AI outside the platform answers users' questions directly, the community could lose traffic.
What to watch
- Trend in marketing revenue and the number of subscribing membersQ1 2027
- Company guidance on user acquisition spending and profitability2027
- Contribution of other services revenue, including vocational training2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 17 Apr 2026; since then the company filed 6-K (02 Nov 2026), 6-K (26 Oct 2026), 6-K (21 Oct 2026), 6-K (20 Oct 2026), 6-K (16 Oct 2026).
The business
The legal structure includes a Cayman Islands holding company, a Hong Kong intermediate holding company and China-based entities, some controlled through contractual arrangements. The company has been listed on the New York Stock Exchange under the ticker ZH since March 2021 and on the Hong Kong Stock Exchange since April 2022 1. Its principal executive offices are in Beijing 1.
The user base is young and largely female, which matters for advertising aimed at younger audiences. The company says that after streamlining user acquisition spending, its monthly active user base remained stable in 2025 while engagement improved 1.
Market context
Zhihu operates in China's online content market and in the question-and-answer and community segment, where it competes for user attention and advertising budgets. The company describes monetization in this market as still at an early stage, with considerable potential for growth across several channels 1. The exact size of the market is not stated in the official source.
Demand for artificial intelligence training data creates interest in verified human-generated content, which the company regards as an advantage of its community 1. On the other hand, advertising and digital consumption spending in China is sensitive to the economic cycle, and the source provides no data on that cycle.
Trends
- AI-assisted searchtailwind
Growth in AI-assisted search and recommendations could increase platform usage if users find better answers. The company says use of Zhihu Zhida increased in 2025 1.
- Demand for verified human contenttailwind
AI companies need authentic human-generated content, and Zhihu's community of professionals and experts could become a monetizable source if this demand turns into contracts 1.
- Declining advertising revenueheadwind
Marketing revenue has fallen consistently, and if the trend continues, the company's room for growth could remain limited 1.
- Fewer subscribing membersmixed
The decline in the average number of subscribing members suggests that attracting paying users remains a challenge, although the company says engagement has increased 1.
Competitive position
The stated competitive advantage rests on the TopicRank algorithm, the creator community and AI-powered search, which are hard for newcomers to replicate, but the source does not assess its position relative to rivals 1.
- Other Chinese content and online community platforms
The source does not name competitors; the company describes itself as a leader in a category of content communities where competition comes from other content and community platforms in China.
- Video and article content platforms
The source mentions video, article and live formats as part of the offering, which means competition with platforms that dominate these formats.
- Online learning and vocational training providers
Vocational training is one of the company's revenue lines, so it competes with online course providers targeting the same users.
- AI search tool providers
AI-assisted search is both a feature and a risk, because users can find answers in AI products outside the community.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Zhihu (ZH) Signed a Conditional RMB1.5 Billion AI Fund Deal. Can It Justify the Risk?Yahoo Finance — News · 10 Sept 2026 · EN
- Zhihu (ZH) Q2 2026 Earnings Call TranscriptYahoo Finance — News · 27 Aug 2026 · EN
- Zhihu Q2 Earnings Call HighlightsYahoo Finance — News · 26 Aug 2026 · EN
The latest news item in our archive is from 10 Sept 2026; the newest SEC filing is from 02 Nov 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report (foreign issuer)02 Nov 2026
- Current report (foreign issuer)26 Oct 2026
- Current report (foreign issuer)21 Oct 2026
- Current report (foreign issuer)20 Oct 2026
- Current report (foreign issuer)20 Oct 2026
- Current report (foreign issuer)16 Oct 2026
- Current report (foreign issuer)13 Oct 2026
- Current report (foreign issuer)05 Oct 2026
- Current report (foreign issuer)28 Sept 2026
- Current report (foreign issuer)24 Sept 2026
Sources
- [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / Zhihu Inc. · 17 Apr 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.