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Zhihu Inc is predominantly engaged in the operation of one online content community and monetizes through paid membership services, advertising services, content-commerce solutions services, and vocational training in China. It generates revenues from Advertising services, Paid membership services, Content-commerce solutions, and Others. It derives all its revenues within China.
2011
1.9K+
LTM Revenue $463M
LTM EBITDA -$47.2M
-$271M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Zhihu has a last 12-month revenue (LTM) of $463M and a last 12-month EBITDA of -$47.2M.
In the most recent fiscal year, Zhihu achieved revenue of $459M and an EBITDA of -$58.6M.
Zhihu expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Zhihu valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $463M | XXX | $459M | XXX | XXX | XXX |
| Gross Profit | $281M | XXX | $278M | XXX | XXX | XXX |
| Gross Margin | 61% | XXX | 61% | XXX | XXX | XXX |
| EBITDA | -$47.2M | XXX | -$58.6M | XXX | XXX | XXX |
| EBITDA Margin | -10% | XXX | -13% | XXX | XXX | XXX |
| EBIT | -$56.1M | XXX | -$61.4M | XXX | XXX | XXX |
| EBIT Margin | -12% | XXX | -13% | XXX | XXX | XXX |
| Net Profit | -$22.5M | XXX | -$21.9M | XXX | XXX | XXX |
| Net Margin | -5% | XXX | -5% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, Zhihu's stock price is HKD 10 (or $1).
Zhihu has current market cap of HKD 2.7B (or $343M), and EV of -HKD 2.1B (or -$271M).
See Zhihu trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| -$271M | $343M | XXX | XXX | XXX | XXX | $-0.06 |
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Start Free TrialAs of May 30, 2025, Zhihu has market cap of $343M and EV of -$271M.
Zhihu's trades at -0.6x EV/Revenue multiple, and 4.6x EV/EBITDA.
Equity research analysts estimate Zhihu's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Zhihu has a P/E ratio of -15.2x.
See valuation multiples for Zhihu and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $343M | XXX | $343M | XXX | XXX | XXX |
| EV (current) | -$271M | XXX | -$271M | XXX | XXX | XXX |
| EV/Revenue | -0.6x | XXX | -0.6x | XXX | XXX | XXX |
| EV/EBITDA | 5.7x | XXX | 4.6x | XXX | XXX | XXX |
| EV/EBIT | 4.8x | XXX | 4.4x | XXX | XXX | XXX |
| EV/Gross Profit | -1.0x | XXX | n/a | XXX | XXX | XXX |
| P/E | -15.2x | XXX | -15.6x | XXX | XXX | XXX |
| EV/FCF | 2.1x | XXX | 7.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialZhihu's last 12 month revenue growth is -8%
Zhihu's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.2M for the same period.
Zhihu's rule of 40 is -33% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Zhihu's rule of X is -29% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Zhihu and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | -8% | XXX | n/a | XXX | XXX | XXX |
| EBITDA Margin | -10% | XXX | -13% | XXX | XXX | XXX |
| EBITDA Growth | -48% | XXX | -48% | XXX | XXX | XXX |
| Rule of 40 | -33% | XXX | -20% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | -29% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 44% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 20% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 74% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Mixed Martial Arts Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Gumtree Australia | XXX | XXX | XXX | XXX | XXX | XXX |
| Gumtree Australia | XXX | XXX | XXX | XXX | XXX | XXX |
| Stock3 | XXX | XXX | XXX | XXX | XXX | XXX |
| Meb Corporation | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Zhihu acquired XXX companies to date.
Last acquisition by Zhihu was XXXXXXXX, XXXXX XXXXX XXXXXX . Zhihu acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Zhihu founded? | Zhihu was founded in 2011. |
| Where is Zhihu headquartered? | Zhihu is headquartered in Hong Kong. |
| How many employees does Zhihu have? | As of today, Zhihu has 1.9K+ employees. |
| Who is the CEO of Zhihu? | Zhihu's CEO is Mr. Yuan Johannes Zhou. |
| Is Zhihu publicy listed? | Yes, Zhihu is a public company listed on HKG. |
| What is the stock symbol of Zhihu? | Zhihu trades under 02390 ticker. |
| When did Zhihu go public? | Zhihu went public in 2022. |
| Who are competitors of Zhihu? | Similar companies to Zhihu include e.g. Mixed Martial Arts Group, Gumtree Australia, Gumtree Australia, Stock3. |
| What is the current market cap of Zhihu? | Zhihu's current market cap is $343M |
| What is the current revenue of Zhihu? | Zhihu's last 12 months revenue is $463M. |
| What is the current revenue growth of Zhihu? | Zhihu revenue growth (NTM/LTM) is -8%. |
| What is the current EV/Revenue multiple of Zhihu? | Current revenue multiple of Zhihu is -0.6x. |
| Is Zhihu profitable? | Yes, Zhihu is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Zhihu? | Zhihu's last 12 months EBITDA is -$47.2M. |
| What is Zhihu's EBITDA margin? | Zhihu's last 12 months EBITDA margin is -10%. |
| What is the current EV/EBITDA multiple of Zhihu? | Current EBITDA multiple of Zhihu is 5.7x. |
| What is the current FCF of Zhihu? | Zhihu's last 12 months FCF is -$132M. |
| What is Zhihu's FCF margin? | Zhihu's last 12 months FCF margin is -28%. |
| What is the current EV/FCF multiple of Zhihu? | Current FCF multiple of Zhihu is 2.1x. |
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