ZH Snapshot del titolo Prezzo, capitalizzazione di mercato, P/E, EPS, ROE, debito/capitale proprio, intervallo 52 settimane

03
Prezzo $3.39
P/E -4.1
EPS $-0.80
Ricavi $2.75B
ROE -4.9%
D/E Debito/Patrimonio 0.0
Intervallo 52 sett. $3–$5

ZH Grafico del prezzo delle azioni OHLCV giornaliero con indicatori tecnici — panoramica, zoom e personalizza la tua visualizzazione

04
intervallo
barre

La granularità delle barre si adatta al periodo selezionato — passa il mouse sul grafico per vedere apertura/massimo/minimo/chiusura di una barra.

Split azionari 1
Data ex-dividendo Split Tipo
10 Maggio 2024 1-for-6 Inverso

Informazioni su Zhihu Inc. American Depositary Shares, each representing three (3) Class A Ordinary Shares Panoramica della società da Wikipedia

05 · wikidata

Zhihu (Chinese: 知乎; pinyin: Zhīhū) is a Chinese social question and answer site and news aggregator. Originally based in Chengdu and with creators from Sichuan, the website launched on January 26, 2011. As of 2021 it has 76 million registered users. It has often been compared to Quora, though by the early 2020s it has also acquired Reddit-like features.

History

Zhihu began development in August 2010. It went through a closed beta test at the end of December 2010. The final product went online on January 26, 2011. It has reportedly received funding from Kai-Fu Lee's Innovation Works, Qiming Ventures, SAIF Partners, Tencent, and Sogou.

In October 2011, Zhihu completed its A-round of funding for US$7 million from Innovation Works and Qiming Ventures. In 2015, Zhihu completed its C-round of funding for US$55 million.

In 2017, Zhihu officially commercialized. In August 2018, Zhihu completed its E-round of funding, raising US$270 million for a total company valuation at US$2.5 billion. On August 12, 2019, Zhihu completed a subsequent F-round of funding led by Chinese short video platform Kuaishou and technology company Baidu, garnering US$450 million. As a result, Baidu mobile app searches would directly return Zhihu content.

The number of registered users on Zhihu exceeded 10 million by the end of 2013, and reached 17 million as of May 2015, with 250 million monthly page views.

On March 2, 2018, the Cyberspace Administration of China required all app stores to remove Zhihu for 7 days for the alleged presence of illegal content and insufficient monitoring. On the same day, Android app stores removed Zhihu. On the Apple App Store, Zhihu became unavailable for download.

On October 9, 2020, a video creation tool was launched on Zhihu. The tool is able to suggest images and generate voice over for text. The tool reduces the technical barrier to video creation on the platform.

In December 2021, ten of Zhihu's shareholders, including Sogou and Tencent's investment arm, sold all of their stakes (78% ownership) in Beijing Zhizhe Tianxia Technology, the parent company of Zhihu. All shares were transferred to the founder and CEO, Zhou Yuan (Chinese: 周源; pinyin: Zhōu Yuán), who owned more than 99% of the company thereafter. This occurred three days after regulatory pressures from the Beijing branch of the Cyberspace Administration of China (CAC), during which Zhihu was instructed to rectify practices that had led to unlawful release of information. Zhihu's initial public offering on the New York Stock Exchange came on March 26, 2021. Zhihu started trading on the Hong Kong Stock Exchange on April 11, 2022.

In July 2023, Zhihu no longer supported anonymous posting, although anonymous content is also under the monitoring of Zhihu. Previously published posts were not affected. In 2023, Zhuhu launched the "Yanyan Stories" stories feature, where short stories posted by Zhihu users were adapted into novels, with some of these adapted into movies and television shows. In October 2025, at the Frankfurt Book Fair in Germany, Zhihu unveiled the Yanyan Story Platform internationally. Content on the platform includes books, digital reading, audio dramas, and cultural products. Some literary works on the platform are available in multiple languages, including English, Indonesian, Spanish, Korean, Japanese, Portuguese, and Thai. At the time, over 100 works had been licensed for domestic or international publication.

On June 29, 2024, Zhihu launched Zhida, an AI search product.

Product

Zhihu functions similarly to Quora, to the point where it where has been describe as a "clone" of that website. Users may submit questions and answers, as well as upvote the best answer. Questions answers follow a power law distribution, with most questions receiving few answers and a small minority getting many answers. Answers to questions tend to come from a large pool of infrequently active users, rather than a small pool of highly active users.

Initially, Zhihu sought to appeal to an elite expert audience, featuring expert panels and daily and weekly newsletters. Originally user registration was primarily invitation-only, with referrals needed from a couple hundred registered users. Otherwise, new users had to apply to join by filling in a large amount of personal information and waiting for a reply. By the early 2020s, Zhihu had sought to move away from an expert answer model towards favouring mass audience participation.

Trending & live

Trending is a leaderboard where popular topics are ranked by engagement metrics, including likes, shares, and impressions. Live is where users, including individuals and organizations, can host live streams. Live streams in Zhihu can be set to unpaid or paid. In a paid live stream, participants are required to pay a fee to watch.

Zhida

Zhida is a large language model search and answer product. The meaning of its name is "direct answer" in Mandarin. It can integrate answers in content archive on platform with external links. It is intended to improve the user experience in asking, searching, generating results, and summarizing. Both service entry points and an independent domain are offered. Users can search by content or by contributor, and between brief or in-depth for the generation of answers.

Fonte: Wikipedia (Inglese), CC BY-SA 4.0 · Vedi su Wikipedia ↗

Wikidata ↗

settoreCommunication Services industriaMedia dipendenti1.149 paeseCN

Performance decennale Andamento di ricavi, utile netto, margini e EPS

06
Ricavi$2.75B
2019-12-31 → 2025-12-31
EPS$-0.80
2019-12-31 → 2025-12-31
Flusso di cassa libero$-365M
2021-12-31 → 2025-12-31
Margine netto-7.1%
2021-12-31 → 2025-12-31
Valutazione e Rapporti 07–12

Valutazione Rapporti P/E, P/S, P/B, EV/EBITDA — il titolo è costoso o economico?

Metrica Tendenza 5 anni ZH media 5 anni Mediana dei peer Verdetto
P/E -4.1media 5 anni ≈-3.7 ≈-3.7 · ·

La mediana dei peer viene calcolata su base standardizzata per metrica e potrebbe non corrispondere sempre alla base TTM/MRQ mostrata per questo titolo.

valore · ≈ media 5 anni · mediana del settore · giudizio rispetto alla mediana

Cronologia utili EPS effettivo vs stima, surprise %, tasso di superamento, data prossimi utili

14
Sorpresa media 2.7%
PeriodoRapportoEPS ActualEPS StimatoSorpresa
30 Giugno 2026 $-0.16 $-0.16 2.0%
31 Marzo 2026 $0.20 — —
31 Dicembre 2025 $-0.34 $-0.16 -108.3%
30 Settembre 2025 $-0.19 $-0.23 19.0%
30 Giugno 2025 $0.29 $-0.27 209.4%
31 Marzo 2025 $-0.34 $-0.16 -108.3%

Fondamentali Completi Tutte le metriche per anno — conto economico, stato patrimoniale, rendiconto finanziario

15
Conto Economico 16
Metrica Tendenza 202520242023202220212020
Revenue $2.75B$3.60B$4.20B$3.60B$2.96B$1.35B
Cost of Revenue $1.10B$1.42B$1.90B$1.80B$1.41B$594M
Gross Profit $1.65B$2.18B$2.30B$1.81B$1.55B$758M
R&D Expense $525M$733M$901M$763M$620M$330M
SG&A Expense $251M$330M$419M$622M$690M$296M
Operating Expenses $2.16B$2.66B$3.37B$3.41B$2.94B$1.36B
Operating Income $-507M$-481M$-1.07B$-1.60B$-1.39B$-603M
Other Non-op $31M$43M$49M$6M$-4M$12M
Pretax Income $-173M$-178M$-828M$-1.56B$-1.29B$-516M
Income Tax $22M$-9M$12M$14M$5M$1M
Net Income $-195M$-169M$-840M$-1.58B$-1.30B$-518M
EPS (Basic) $-0.80$-0.63$-2.82$-5.19$-6.12$-18.36
EPS (Diluted) $-0.80$-0.63$-2.82$-5.19$-6.12$-18.36
Shares (Basic) 240,043,649273,560,865299,132,894304,836,318240,174,10865,279,970
Shares (Diluted) 240,043,649273,560,865299,132,894304,836,318240,174,10865,279,970
EBITDA $-488M$-459M$-1.05B$-1.58B$-1.37B·
Stato Patrimoniale 28
Metrica Tendenza 202520242023202220212020
Cash & Equivalents $3.37B$4.00B$2.11B$4.53B$2.16B$958M
Short-term Investments $841M$539M$1.77B$787M$2.24B$1.05B
Receivables $358M$421M$665M$834M$832M$486M
Inventory $26M$31M$22M$10M$5M·
Prepaid Expense $107M$163M$232M$199M$272M$124M
Other Current Assets $11M$6M$17M$8M$3M$5M
Current Assets $4.73B$5.48B$6.38B$7.32B$8.33B$3.72B
PP&E (Net) $5M$8M$11M$7M$10M$8M
PP&E (Gross) $45M$46M$45M$38M$36M$29M
Accum. Depreciation $40M$37M$34M$31M$26M$21M
Goodwill ·$126M$191M$126M$74M·
Intangibles $30M$55M$123M$80M$68M$23M
Other Non-current Assets $13M$623.0K$8M$22M$14M$6M
Total Assets $5.19B$5.73B$6.80B$7.66B$8.81B$3.76B
Accounts Payable $681M$836M$1.04B$916M$1.03B$502M
Short-term Debt $35M·····
Current Liabilities $1.27B$1.52B$1.95B$1.82B$1.90B$1.01B
Capital Leases $16M$2M$4M$43M$82M·
Deferred Tax $27M$7M$23M$12M$14M·
Other Non-current Liabilities $5M$4M$122M$82M$73M·
Total Liabilities $1.32B$1.54B$2.09B$1.96B$2.07B$1.01B
Total Debt $35M·····
Paid-in Capital $13.18B$13.11B$13.49B$13.62B$13.35B·
Retained Earnings $-9.07B$-8.88B$-8.71B$-7.86B$-6.28B$-4.95B
Treasury Stock $275M$112M$162M$34M··
AOCI $-34M$12M$-21M$-66M$-339M$-196M
Stockholders' Equity $3.80B$4.14B$4.60B$5.65B$6.73B$-5.14B
Liabilities + Equity $5.19B$5.73B$6.80B$7.66B$8.81B$3.76B
Flusso di cassa 14
Metrica Tendenza 202520242023202220212020
D&A $19M$22M$25M$25M$21M$20M
Stock-based Comp $87M$59M$165M$374M$548M$180M
Deferred Tax $20M$-3M$-4M$-2M$-1M·
Amort. of Intangibles $15M$17M$20M$22M$16M$12M
Other Non-cash $-295M$-189M$238M$67M$290M·
Operating Cash Flow $-364M$-280M$-416M$-1.11B$-440M$-244M
CapEx $1M$3M$8M$714.0K$7M$2M
Investing Cash Flow $-116M$2.56B$-1.68B$3.49B$-3.14B$430M
Stock Repurchased $167M$401M$370M$128M··
Net Stock Activity $-167M$-401M$-370M$-128M··
Financing Cash Flow $-132M$-404M$-365M$-108M$4.88B$9M
Net Change in Cash $-630M$1.89B$-2.42B$2.37B$1.20B$57M
Taxes Paid $4M$2M$11M$17M$3M·
Free Cash Flow $-365M$-283M$-424M$-1.12B$-448M·
Redditività 8
Metrica Tendenza 202520242023202220212020
Gross Margin 59.9%60.6%54.7%50.2%52.5%·
Operating Margin -18.4%-13.4%-25.5%-44.5%-47.0%·
Net Margin -7.1%-4.7%-20.0%-43.8%-43.9%·
Pretax Margin -6.3%-5.0%-19.7%-43.4%-43.7%·
EBITDA Margin -17.8%-12.8%-24.9%-43.8%-46.3%·
ROA -3.6%-2.7%-11.6%-19.2%-20.7%·
ROE -4.9%-3.9%-16.4%-25.5%-163.8%·
ROIC -14.9%-11.0%-23.6%-28.6%-20.8%·
Liquidità e Solvibilità 3
Metrica Tendenza 202520242023202220212020
Current Ratio 3.73.63.34.04.4·
Quick Ratio 3.63.32.33.42.8·
Debt / Equity 0.0·····
Efficienza 3
Metrica Tendenza 202520242023202220212020
Asset Turnover 0.50.60.60.40.5·
Inventory Turnover 38.653.4117.0240.4··
Receivables Turnover 7.16.65.64.34.5·
Per Azione 3
Metrica Tendenza 202520242023202220212020
Revenue / Share $11.45$13.16$14.04$11.83$12.32·
Cash Flow / Share $-1.51$-1.02$-1.39$-3.66$-1.83·
EPS (TTM) $-0.80$-0.63$-2.82$-5.19$-6.12·
Valutazione (TTM) 4
Metrica Tendenza 202520242023202220212020
Revenue TTM $2.75B$3.60B$4.20B$3.60B$2.96B·
Net Income TTM $-195M$-169M$-840M$-1.58B$-1.30B·
P/E -4.1-5.6-2.0-1.5-5.4·
Earnings Yield -24.4%-17.8%-50.2%-66.5%-18.4%·

Periodo più recente a sinistra · valori nulli mostrati come ·

Bilanci Conto economico, stato patrimoniale, flusso di cassa — annuale, ultimi 5 anni

16
Metrica 2025-12-312024-12-312023-12-312022-12-312021-12-31
Ricavi $2.75B $3.60B $4.20B $3.60B $2.96B
Margine Lordo % 59.9% 60.6% 54.7% 50.2% 52.5%
Margine Operativo % -18.4% -13.4% -25.5% -44.5% -47.0%
Utile netto $-195M $-169M $-840M $-1.58B $-1.30B
EPS Diluito $-0.80 $-0.63 $-2.82 $-5.19 $-6.12

Proprietari istituzionali (13F) 51 filer · $36.6M totale · Aggiornato al 30 Giugno 2026

17

Istituzioni che segnalano il possesso di questo titolo nel loro Modulo SEC 13F trimestrale. Solo posizioni lunghe; un singolo depositante può apparire due volte per diverse gambe di opzioni. Grandi posizioni put/call contrapposte riflettono tipicamente market-making o inventario coperto, non convinzione direzionale.

Detentori 51
Valore detenuto $36.6M
Nuove posizioni 3
Posizioni chiuse 4
Attività istituzionale — Q2 2026 vs trimestre precedente
Nuove posizioni Posizioni chiuse Aumentato Diminuito Variazione netta delle azioni
3 (-5 vs trimestre precedente) 4 (-6 vs trimestre precedente) 13 (-6 vs trimestre precedente) 18 (+5 vs trimestre precedente) +625K

Confrontato con Q1 2026. Le dichiarazioni SEC Form 13F sono dovute entro 45 giorni dalla fine del trimestre più un breve margine per i dichiaranti in ritardo — i trimestri ancora all'interno di questa finestra vengono saltati a favore della coppia più recente completamente riportata.

Istituzione Valore Azioni % di 13F tracciati Tipo
FIL Ltd $11.464.069 3.639.387 31,29% Azioni
VANGUARD GROUP INC $5.916.150 1.803.704 16,15% Azioni
GOLDMAN SACHS GROUP INC $1.807.803 577.573 4,93% Azioni
First Beijing Investment Ltd $1.724.780 551.048 4,71% Azioni
E Fund Management (Hong Kong) Co., Ltd. $1.590.099 508.019 4,34% Azioni
E Fund Management Co., Ltd. $1.590.099 508.019 4,34% Azioni
Dodge & Cox $1.568.418 501.092 4,28% Azioni
STATE STREET CORP $1.468.455 469.155 4,01% Azioni
UBS Group AG $1.423.812 454.892 3,89% Azioni
Maven Securities LTD $1.253.211 400.387 3,42% Azioni
MORGAN STANLEY $729.096 232.938 1,99% Azioni
Oasis Management Co Ltd. $704.250 225.000 1,92% Azioni
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $526.641 168.256 1,44% Azioni
JANE STREET GROUP, LLC $463.710 148.150 1,27% Azioni
XTX Topco Ltd $416.947 133.210 1,14% Azioni
CITADEL ADVISORS LLC $349.984 111.816 0,96% Azioni
JPMORGAN CHASE & CO $327.289 104.565 0,89% Azioni
SEI INVESTMENTS CO $324.290 103.607 0,89% Azioni
TWO SIGMA INVESTMENTS, LP $311.304 99.458 0,85% Azioni
Russell Investments Group, Ltd. $300.270 95.933 0,82% Azioni
BNP PARIBAS FINANCIAL MARKETS $300.089 95.875 0,82% Azioni
AMERICAN CENTURY COMPANIES INC $260.094 83.097 0,71% Azioni
Cubist Systematic Strategies, LLC $242.386 47.808 0,66% Azioni
NEW YORK STATE COMMON RETIREMENT FUND $214.843 68.640 0,59% Azioni
MILLENNIUM MANAGEMENT LLC $203.040 64.869 0,55% Azioni
AMERIPRISE FINANCIAL INC $198.101 63.291 0,54% Azioni
Qube Research & Technologies Ltd $139.961 44.716 0,38% Azioni
DIVERSIFIED TRUST CO $138.295 44.184 0,38% Azioni
SUSQUEHANNA INTERNATIONAL GROUP, LLP $127.704 40.800 0,35% Opzione Call
MARSHALL WACE, LLP $111.898 35.750 0,31% Azioni
NOMURA HOLDINGS INC $86.901 27.764 0,24% Azioni
Invesco Ltd. $83.533 26.688 0,23% Azioni
WOLVERINE TRADING, LLC $60.088 11.600 0,16% Opzione Call
TWO SIGMA ADVISERS, LP $51.335 15.651 0,14% Azioni
Police & Firemen's Retirement System of New Jersey $49.335 15.762 0,13% Azioni
SUSQUEHANNA INTERNATIONAL GROUP, LLP $36.524 11.669 0,10% Azioni
Point72 Asia (Singapore) Pte. Ltd. $19.708 3.887 0,05% Azioni
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO $10.595 3.385 0,03% Azioni
Tower Research Capital LLC (TRC) $9.979 3.188 0,03% Azioni
ACADIAN ASSET MANAGEMENT LLC $9.196 2.946.610 0,03% Azioni
Oakum Bay Capital LLC $6.890 2.426 0,02% Azioni
RHUMBLINE ADVISERS $5.407 1.727 0,01% Azioni
ROYAL BANK OF CANADA $3.000 843 0,01% Azioni
CITIGROUP INC $1.340 428 0,00% Azioni
Harvest Fund Management Co., Ltd $659 210.000 0,00% Azioni
PNC Financial Services Group, Inc. $451 144 0,00% Azioni
SBI Securities Co., Ltd. $329 105 0,00% Azioni
Caitong International Asset Management Co., Ltd $47 15 0,00% Azioni
SIMPLEX TRADING, LLC $21 7 0,00% Azioni
BlackRock, Inc. $6 2 0,00% Azioni

Mostra tutti i 51 proprietari istituzionali →

Attivisti e proprietari del 5%+ 4 partecipazioni

18

Investitori che hanno depositato SEC Schedule 13D — proprietà effettiva superiore al 5% con l'intento di influenzare l'emittente (partecipazioni attiviste, campagne per il consiglio di amministrazione, M&A). Ogni riga mostra lo stato più recente noto della posizione di quel depositante.

Depositante Depositato Partecipazione Stato Scopo Deposito
Plus Channel Limited, Kastle Limited ×6 depositi 29 Dicembre 2025 10,00% Modifica · SEC
MO Holding Ltd, Yuan Zhou ×2 depositi 13 Novembre 2024 · Deposito iniziale Investimento passivo SEC
AI Knowledge LLC, Access Industries Management, LLC, Len Blavatnik ×3 depositi 13 Novembre 2024 · Deposito iniziale · SEC
Tencent Holdings Limited, Huang River Investment Limited ×3 depositi 12 Novembre 2024 · Deposito iniziale · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Insider aziendali 5 insider · 2 dirigenti · 4 direttori

19
Insider Ruolo Ultima attività Azioni possedute Acquisti 12m Vendite 12m Netto 12m
Yuan Zhou Chief Executive Officer 28 Luglio 2026 J 14.862.319 0 0 $0
Han Wang Chief Financial Officer 17 Aprile 2026 A 2.830.000 0 0 $0
Derek Chen Direttore 05 Giugno 2026 A · 0 0 $0
Li-Lan Cheng Direttore 27 Maggio 2026 M 33.507 0 1 $-1.026
Hope Ni Direttore 27 Maggio 2026 M 43.867 0 0 $0

Insider dai depositi SEC Modulo 3/4/5; netto = solo acquisti/vendite di mercato

Proprietà ETF Posseduto da 1 ETF

20

Il peso riflette solo le partecipazioni azionarie dirette (N-PORT); fondi a leva o basati su derivati possono detenere ulteriore esposizione swap non mostrata.

Fondo Peso Unità Aggiornato al Fonte
PGJ · Invesco Exchange-Traded Fund Trust 0,11% 25.995 SH 02 Ottobre 2026 Giornaliero

ZH Consenso degli analisti Opinioni degli analisti, sia rialziste che ribassiste, target price a 12 mesi, potenziale di rialzo

21
rating · 9 analisti COMPRA
Target mediano $3.79 +11,7%
2 22,2% Acquisto forte
5 55,6% Compra
2 22,2% Mantieni
0 0,0% Vendi
0 0,0% Vendita forte

Target Price a 12 Mesi

6 analisti · 2026-09-30

Target medio $4.09 +20,8%

← Sotto tutti i target Prezzo attuale $3.39
Basso$3.61 Media$4.09 Alto$5.76

Confronto Peer (GICS sub-settore industriale) Metriche chiave rispetto ai pari del settore

22

Base FY, prezzi alla chiusura dell'ultimo anno fiscale di ciascuna società.

Ticker Capitalizzazione di Mercato P/E Rev YoY Margine Netto ROE Margine lordo
ZH · -4.1 · -7.1% -4.9% 59.9%
BILI · 9.0 · 3.9% 8.0% 36.6%
ATHM $10.31B 7.6 · 443.2% 6.1% 1433.9%

Ultime notizie Notizie recenti che menzionano questa società

23

Le Mie Metriche La tua watchlist personale — righe selezionate da Fondamentali Completi

26

Scegli le metriche che contano per te: fai clic sul + accanto a qualsiasi riga in Fondamentali Completi sopra.

La tua selezione è salvata e ti segue su tutti i ticker.

Fonte: SEC 20-F depositato Apr 17, 2026