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Communication Services - Internet Content & Information - NYSE - CN
$ 3.58
-3.5 %
$ 327 M
Market Cap
-119.33
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one ZH stock under the worst case scenario is HIDDEN Compared to the current market price of 3.58 USD, Zhihu Inc. is HIDDEN

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one ZH stock under the base case scenario is HIDDEN Compared to the current market price of 3.58 USD, Zhihu Inc. is HIDDEN

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one ZH stock under the best case scenario is HIDDEN Compared to the current market price of 3.58 USD, Zhihu Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS
FINANCIALS
3.6 B REVENUE
-14.29%
-481 M OPERATING INCOME
55.13%
-169 M NET INCOME
79.87%
-280 M OPERATING CASH FLOW
32.57%
2.56 B INVESTING CASH FLOW
252.43%
-404 M FINANCING CASH FLOW
-10.63%
859 M REVENUE
1.68%
11.9 M OPERATING INCOME
114.07%
-10.5 M NET INCOME
87.32%
0 OPERATING CASH FLOW
0.00%
0 INVESTING CASH FLOW
0.00%
0 FINANCING CASH FLOW
0.00%
Balance Sheet Zhihu Inc.
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Current Assets 5.48 B
Cash & Short-Term Investments 4.86 B
Receivables 496 M
Other Current Assets 130 M
Non-Current Assets 248 M
Long-Term Investments 51.2 M
PP&E 15.6 M
Other Non-Current Assets 182 M
Current Liabilities 1.52 B
Accounts Payable 836 M
Short-Term Debt 17.3 M
Other Current Liabilities 672 M
Non-Current Liabilities 12.6 M
Long-Term Debt 1.82 M
Other Non-Current Liabilities 10.8 M
EFFICIENCY
Earnings Waterfall Zhihu Inc.
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Revenue 3.6 B
Cost Of Revenue 1.42 B
Gross Profit 2.18 B
Operating Expenses 2.66 B
Operating Income -481 M
Other Expenses -312 M
Net Income -169 M
RATIOS
60.60% GROSS MARGIN
60.60%
-13.37% OPERATING MARGIN
-13.37%
-4.77% NET MARGIN
-4.77%
-4.15% ROE
-4.15%
-3.00% ROA
-3.00%
-10.79% ROIC
-10.79%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Zhihu Inc.
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Net Income -169 M
Depreciation & Amortization 21.9 M
Capital Expenditures -2.73 M
Stock-Based Compensation 59.3 M
Change in Working Capital -84.5 M
Others -214 M
Free Cash Flow -283 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Zhihu Inc.
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ZH has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
5. COMPETITION
6. Ownership
Insider Ownership Zhihu Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
7. News
Zhihu: A High-Quality Company Trading At Half Its Cash Balance - With Hidden AI Upside Zhihu trades at 50% of its net cash and 65% of its net current asset value (current assets minus total liabilities), despite turning profitable and free cash flow positive. Management has moved decisively from using AI to improve operational efficiency to now launching new AI-driven products and monetization paths. If Zhihu's leadership is right about AI, the company is not just a deep value play—it could become one of the most influential internet platforms in the AI age. seekingalpha.com - 1 week ago
Zhihu: Turnaround Remains A 'Show Me' Story ZH reported better-than-expected Q1 results, but fundamentals remain weak, with declines in paid membership and key business segments. AI integration and content engagement are improving, yet competition from new AI apps threatens ZH's relevance and paid user growth. The stock trades at 50% below net cash and a 10% buyback limits the downside, but weak outlook and revenue decline cap the upside. seekingalpha.com - 1 week ago
Zhihu Inc. to Hold Annual General Meeting on June 25, 2025 BEIJING, China, May 29, 2025 (GLOBE NEWSWIRE) -- Zhihu Inc. (NYSE: ZH; HKEX: 2390) (“Zhihu” or the “Company”), a leading online content community in China, today announced that it will hold an annual general meeting of the Company's shareholders (the “AGM”) at 10:00 a.m. Beijing time on June 25, 2025 at Room Xinzhi, Floor 1, Zone C, China Industry-Academy-Research Achievement Transformation Center, No. 18A Xueqing Road, Haidian District, Beijing, China, for the purposes of considering and, if thought fit, passing each of the Proposed Resolutions as defined and set forth in the notice of the AGM (the “AGM Notice”). The AGM Notice and the form of proxy for the AGM are available on the Company's website at https://ir.zhihu.com . The board of directors of the Company fully supports the Proposed Resolutions and recommends that shareholders and holders of American depositary shares (“ADSs”) vote in favor of the Proposed Resolutions. globenewswire.com - 3 weeks ago
Chinese social media Zhihu says it is a 'more trustworthy' platform than Reddit Han Wang, CFO of Zhihu, a social and online content community in China, talks about the company's profitability, growth strategy and the push for AI integration. youtube.com - 3 weeks ago
Zhihu Inc. (ZH) Q1 2025 Earnings Call Transcript Zhihu Inc. (NYSE:ZH ) Q1 2025 Earnings Conference Call May 27, 2025 8:00 AM ET Company Participants Yolanda Liu - Director of IR Wang Han - CFO Zhou Yuan - Founder, Chairman and CEO Conference Call Participants Xueqing Zhang - CICC Lincoln Kong - Goldman Sachs Thomas Chong - Jefferies Vicky Wei - Citi Operator Ladies and gentlemen, thank you for standing by, and welcome to the Zhihu Inc. First Quarter 2025 Financial Results Conference call. At this time, all participants are in a listen-only mode. seekingalpha.com - 3 weeks ago
Zhihu Inc. Reports Unaudited First Quarter 2025 Financial Results BEIJING, China, May 27, 2025 (GLOBE NEWSWIRE) -- Zhihu Inc. (“Zhihu” or the “Company”) (NYSE: ZH; HKEX: 2390), a leading online content community in China, today announced its unaudited financial results for the quarter ended March 31, 2025. globenewswire.com - 3 weeks ago
Zhihu Inc. to Report First Quarter 2025 Financial Results on May 27, 2025 BEIJING, May 13, 2025 (GLOBE NEWSWIRE) -- Zhihu Inc. ("Zhihu" or the "Company") (NYSE: ZH; HKEX: 2390), a leading online content community in China, today announced that it will report its unaudited financial results for the quarter ended March 31, 2025 before the U.S. market opens on May 27, 2025. globenewswire.com - 1 month ago
Zhihu Inc. Files Its 2024 Annual Report on Form 20-F BEIJING, April 15, 2025 (GLOBE NEWSWIRE) -- Zhihu Inc. (“Zhihu” or the “Company”) (NYSE: ZH; HKEX: 2390), a leading online content community in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission on April 15, 2025. The annual report can be accessed on the Company's investor relations website at https://ir.zhihu.com. globenewswire.com - 2 months ago
Zhihu Integrates AI Platform With DeepSeek, Posts First-Ever Profit The company, sometimes called the Quora of China, is banking on growth from a new AI tool to improve expert-supplied answers to user questions benzinga.com - 2 months ago
Zhihu: Turning Bullish On Bottom-Line Beat And New AI Tool (Rating Upgrade) I have a Buy rating awarded to Zhihu, as the stock is inexpensive with potential catalysts. The continued narrowing of losses and the growing popularity of the new AI search add-on Zhida can act as valuation re-rating drivers. ZH is currently trading at less than 1 times forward revenue, which is way below its all-time historical P/S average of 2.6x. seekingalpha.com - 2 months ago
Zhihu Inc. (ZH) Q4 2024 Earnings Call Transcript Zhihu Inc. (NYSE:ZH ) Q4 2024 Earnings Conference Call March 26, 2025 7:00 AM ET Company Participants Yolanda Liu - Director, Investor Relations Zhou Yuan - Founder, Chairman & Chief Executive Officer Wang Han - Chief Financial Officer Conference Call Participants Xueqing Zhang - CICC Thomas Chong - Jefferies Daisy Chen - Haitong International Vicky Wei - Citi Operator Ladies and gentlemen, thank you for standing by, and welcome to the Zhihu Inc. Fourth Quarter and Full Year 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode. seekingalpha.com - 2 months ago
Zhihu Inc. Reports Unaudited Fourth Quarter and Fiscal Year 2024 Financial Results BEIJING , March 26, 2025 /PRNewswire/ -- Zhihu Inc. ("Zhihu" or the "Company") (NYSE: ZH; HKEX: 2390), a leading online content community in China, today announced its unaudited financial results for the quarter and fiscal year ended December 31, 2024. Fourth Quarter 2024 Highlights Total revenues were RMB859.2 million (US$117.7 million) in the fourth quarter of 2024, compared with RMB1,138.3 million in the same period of 2023. prnewswire.com - 2 months ago
8. Profile Summary

Zhihu Inc. ZH

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COUNTRY CN
INDUSTRY Internet Content & Information
MARKET CAP $ 327 M
Dividend Yield 0.00%
Description Zhihu Inc. operates an online content community in the People's Republic of China. Its community allows people to seek inspiration, find solutions, make decisions, and have fun. The company also offers technology, business support, and consulting services; information transmission, software, and information technology services; information and marketing services; vocational training; and internet services, as well as holds audio-visual permit. The company was founded in 2010 and is headquartered in Beijing, the People's Republic of China.
Contact A5 Xueyuan Road, Beijing, 100083 https://ir.zhihu.com
IPO Date March 26, 2021
Employees 1887
Officers Mr. Yuan Zhou Founder, Chairman & Chief Executive Officer Mr. Dachuan Sha Chief Investment Officer Mr. Bin Sun Chief Technology Officer Ms. Yee Wa Lau Company Secretary Mr. Han Wang Chief Financial Officer