Zhihu Inc. (ZH) Q4 and Full-Year 2025 Earnings Overview

Zhihu Inc. (NYSE: ZH) Earnings Report HighlightsZhihu Inc. reported fourth-quarter and full-year 2025 results on March 25, 2026. For the fourth quarter, total revenues were RMB643.5 million (US$92.0 million), down from RMB859.2 million in the same period of 2024. Gross margin declined to 53.6% from 62.9% a year earlier, reflecting weaker profitability.The company posted a net loss of RMB210.8 million (US$30.1 million), compared with net income of RMB86.4 million in the prior-year quarter. Adjusted net loss ...