# Zhihu Inc. (ZH)

> Communication Services · CN · Reports in CNY

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/ZH/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2026 | ¥ 1.34B | ¥ -45.77M | ¥ 0 | ¥ 127.22M | ¥ 3.66B |
| 2025 | ¥ 2.73B | ¥ -190.70M | ¥ -424.40M | ¥ 72.02M | ¥ 3.81B |
| 2024 | ¥ 3.62B | ¥ -172.32M | ¥ 0 | ¥ 19.13M | ¥ 4.14B |
| 2023 | ¥ 4.25B | ¥ -858.45M | ¥ 109.00M | ¥ 45.73M | ¥ 4.60B |
| 2022 | ¥ 3.62B | ¥ -1.60B | ¥ 129.20M | ¥ 96.56M | ¥ 5.65B |
| 2021 | ¥ 3.02B | ¥ -1.33B | ¥ 0 | ¥ 40.53M | ¥ 6.74B |
| 2020 | ¥ 1.39B | ¥ -535.16M | ¥ 53.66M | ¥ 2.89M | ¥ 2.75B |
| 2019 | ¥ 227.52M | ¥ -245.92M | ¥ -200.70M | ¥ 25.64M | ¥ 3.22B |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 0.03 |
| Liabilities / Eq | 0.36 |
| Current Ratio | 3.73 |

## Other views

- [Metrics](https://sponda.capital/en/ZH.md)
- [Charts](https://sponda.capital/en/ZH/charts.md)
- [Compare](https://sponda.capital/en/ZH/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-29.