Zhihu Inc（ZH）财务数据ZHZhihu Inc

Evaluating the bottom line, Zhihu Inc maintains a gross margin of 59.60%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at -9.65%, while the net margin is -1.31%. These profitability ratios, combined with a Return on Equity (ROE) of -4.87%, provide a clear picture of how effectively ZH converts its operational activities into shareholder value.

In the context of the broader market, ZH competes directly with industry leaders such as OMDA and WBTN. With a market capitalization of $264.85M, it holds a significant position in the sector. When comparing efficiency, ZH's gross margin of 59.60% stands against OMDA's 70.20% and WBTN's 26.04%. Such benchmarking helps identify whether Zhihu Inc is trading at a premium or discount relative to its financial performance.

Zhihu's total revenue for Q2 2026 was RMB 690 million, down 3.7% year-over-year, and the net income has been negative in several quarters, indicating ongoing financial struggles. The gross margin is currently at 59.60%, which is lower than previous quarters, reflecting profitability challenges.