Zhihu (ADR) (ZH)
Hosts a China-focused content community monetized through memberships, marketing, and content-related services.
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Runs a China-focused online content community where creators and users exchange knowledge, experience, and insights. Revenue comes from paid membership, marketing services, IP operations, and selected content-related services.
Built around an online Q&A-origin community, the platform lets creators and users exchange knowledge, experience, and insights across content verticals and formats. Its monetization spans paid membership, marketing services, IP operations, and selected content-related services. Premium offerings include Yanyan Story, audiobooks, and audio dramas; marketing services serve advertisers seeking its professional user base and trusted-content environment.
Substantially all revenue and long-lived assets are in China, making the company's operating base geographically concentrated. Founder Yuan Zhou remains chairman and CEO. Operations and the ADS are shaped by the evolving interpretation and enforcement of PRC laws and regulations.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $645.2M · Total debt $19.0M · Total assets $755.9M · Shareholders' equity $547.9M
- Revenue
- $102.9M
- Operating income
- −$11.3M
- Net income
- −$5.6M
Reported in CNY, converted at the latest exchange rate
No dividends on record.
| Institutions | ≥ 15.87% | 12.84M ADS | |
|---|---|---|---|
| 46 holders · as of Jun 30, 2026 | |||
| Insiders | 102.75% | 83.09M ADS | |
| 6 holders · as of Jul 30, 2026 | |||
| Adds to | 118.62% | ||
80.87M ADS (1 ADS = 1 ordinary shares) as of Aug 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
Institutional filings for 2390 (46% of the company) are not on file here, so the institutional figure is a floor.
These groups come from separate filings that can overlap, so they add to 118.62%; nothing is left for Other.
This company has 3 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Yuan ZhouInsiderdirector, officer: Chief Executive Officer | 91.15% | 21.99M A ordinary · 14.86M B ordinary | filed Jul 30, 2026 |
Han WangInsiderofficer: Chief Financial Officer | 7.00% | 2.83M A ordinary | filed Apr 21, 2026 |
FIL LtdInstitution | 4.50% | 3.64M A ADS | as of Jun 30, 2026 |
Dahai LiInsiderdirector | 4.38% | 1.77M A ordinary | filed Mar 18, 2026 |
Acadian Asset Management LLCInstitution | 3.64% | 2.95M A ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 5, 2026 | Li-Lan Cheng | director | −360 | $2.85 |
- Bilibili (ADR)
Video-community rival in creator content, memberships, live streams, and ads
- Weibo (ADR)
Public social-content and advertiser competitor
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Zhihu (ADR) | $3.53 | +2.17% | $279.0M | — | — | 0.7 | +1.5% |
| Bilibili (ADR) | $15.18 | +0.03% | $6.37B | 30.1 | 18.2 | 1.4 | +14.1% |
| Weibo (ADR) | $6.72 | −0.30% | $1.61B | 5.7 | 5.6 | 0.9 | +2.0% |
| Median | 17.9 | 11.9 | 1.1 | +8.1% |