Zhihu Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $393.1M | $493.0M | $591.4M | $522.7M | $464.4M |
| Cost of Revenue | $157.5M | $194.3M | $268.0M | $260.5M | $220.5M |
| Gross Profit | $235.6M | $298.8M | $323.4M | $262.1M | $243.8M |
| Gross Margin | 59.9% | 60.6% | 54.7% | 50.2% | 52.5% |
| Operating Expenses | |||||
| Research & Development | $75.1M | $100.4M | $127.0M | $110.7M | $97.2M |
| SG&A Expense | $36.0M | $45.2M | $58.9M | $90.2M | $108.3M |
| Operating Income | $-72.5M | $-65.9M | $-151.0M | $-232.5M | $-218.2M |
| Operating Margin | -18.5% | -13.4% | -25.5% | -44.5% | -47.0% |
| Interest Expense | — | — | — | — | — |
| Pretax Income | $-24.8M | $-24.4M | $-116.6M | $-226.8M | $-203.0M |
| Income Tax Expense | $3.1M | $-1.3M | $1.7M | $2.1M | $854.0K |
| Net Income | $-27.9M | $-23.1M | $-118.2M | $-228.8M | $-203.8M |
| Net Margin | -7.1% | -4.7% | -20.0% | -43.8% | -43.9% |
| EPS (Basic) | $-0.11 | $-0.09 | $-0.40 | $-0.75 | $-0.96 |
| EPS (Diluted) | $-0.11 | $-0.09 | $-0.40 | $-0.75 | $-0.96 |
| Shares Outstanding (Basic) | 240.0M | 273.6M | 299.1M | 304.8M | 240.2M |
| Shares Outstanding (Diluted) | 240.0M | 273.6M | 299.1M | 304.8M | 240.2M |
| Dividends Per Share | — | — | — | — | — |