Jun 2026 (Q2 FY26) — Aug 26, 2026
Zhihu Q2 FY26 — AI Integration and Core Business Stabilization
Read the full callZhihu (ZH) earnings
- Jun 2026 (Q2 FY26)
- Dec 2025
Zhihu earnings: last reported Wed, 26 Aug 2026, for the quarter ended Jun 2026.
Price
$3.44 +1.47% · +$0.05
Performance −19.1% 1Y
1Y: $4.25 on 17 Oct 2025 → $3.44. High $4.44 (3 Nov 2025), low $2.56 (3 Sept 2026).
- Previous close
- $3.39
- 52-week range
- $2.56 – $4.44
- One year
- −21.10%
Overview
- Symbol
- ZH
- Sector
- Industrials
- Industry
- Services-Business Services, NEC
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) — Jun 3, 2026
Zhihu Q1 FY26 — Return to non-GAAP profit as IP operations drive sequential revenue growth
Read the full callEvery analysed call
Zhihu earnings calls (ZH)
Financials
What the filings say
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Reserves | — | -757 | -986 | -1,140 | -1,227 | -1,216 | -1,297 |
| Total liabilities | — | 155 | 324 | 284 | 295 | 211 | 188 |
| Fixed assets | — | 1 | 2 | 1 | 2 | 1 | 1 |
| Investments | — | 160 | 351 | 114 | 249 | 74 | 120 |
| Total assets | — | 575 | 1,382 | 1,110 | 957 | 785 | 742 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -103 | -37 | -69 | -162 | -59 | -38 | -52 |
| Cash from investing | -302 | 66 | -492 | 506 | -237 | 351 | -17 |
| Cash from financing | 431 | 1 | 765 | -16 | -51 | -55 | -19 |
| Net cash flow | 27 | 9 | 188 | 343 | -341 | 259 | -90 |
| Capital expenditure | -1 | -0 | -1 | -0 | -1 | -0 | -0 |
| Free cash flow | -103 | -38 | -70 | -162 | -60 | -39 | -52 |
ZH operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Paid subscribers | 13.1MAverage monthly subscribing members reached 13.1 million, up 7.9% sequentially with structural optimization.Source: earnings call transcript | 13.11MAverage monthly subscriber numbers were 13.11 million, broadly stable while member ARPU also remains stable.Source: earnings call transcript | +0.1% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
6 filings between Apr 17, 2026 and Jul 28, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$1.0K
1 sale by 1 insider
Compensation
not trading decisions- 3
- Award — granted as compensation
Also filed: 2 other filings.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Cheng Li-Lan | — | $1.0K | Jun 5, 2026 |
Latest filings (6)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jul 28, 2026 | Zhou Yuan Chief Executive Officer | Other | 371,436 | $0 |
| Jul 28, 2026 | Zhou Yuan Chief Executive Officer | Other | 371,436 | $0 |
| Jun 5, 2026 | Cheng Li-Lan Director | Sale | 360 | $1.0K |
| May 27, 2026 | Cheng Li-Lan Director | Award | 33,867 | $339 |
| May 27, 2026 | Ni Hope Director | Award | 33,867 | $339 |
| Apr 17, 2026 | Wang Han Chief Financial Officer | Award | 330,000 | $3.3K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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