Zhihu Inc. (ZHIHF) Gross margin 2021–2025
Zhihu Inc. (ZHIHF) gross margin by fiscal year — reported gross profit divided by reported revenue.
59.9%FY2025 · since FY2021: 52.5% → 59.9%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 59.9% | -0.7 pp |
| FY2024 | 60.6% | +5.9 pp |
| FY2023 | 54.7% | +4.5 pp |
| FY2022 | 50.2% | -2.4 pp |
| FY2021 | 52.5% | — |
Gross margin = reported gross profit ÷ reported revenue for the same fiscal year.
Source: SEC XBRL filings · For reference only · Not investment advice
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