Quarterly ResultJun 3, 2026, 05:12 AM
Zhihu Q1 Adjusted Net Income +147.2% to $2.5M
AI Summary
Zhihu Inc. announced its unaudited financial results for Q1 2026, reporting a significant 147.2% year-over-year increase in adjusted net income (non-GAAP) to RMB17.2 million ($2.5 million), marking a strong sequential return to profitability. Despite total revenues decreasing to RMB651.6 million ($94.5 million) from RMB729.7 million in Q1 2025, the company narrowed its net loss by 15.6% to RMB8.5 million ($1.2 million). This was supported by a 10.4% reduction in total operating expenses and improved technological efficiency. The company continues to focus on high-quality growth, AI integration, and operational profitability, including ongoing share repurchases.
Key Highlights
- Adjusted net income (non-GAAP) increased 147.2% to RMB17.2 million ($2.5 million) YoY.
- Total revenues decreased to RMB651.6 million ($94.5 million) from RMB729.7 million YoY.
- Net loss narrowed 15.6% to RMB8.5 million ($1.2 million) YoY.
- Gross margin was 59.6%, compared to 61.8% in Q1 2025.
- Total operating expenses decreased 10.4% to RMB451.2 million ($65.4 million) YoY.
- Average monthly subscribing members were 13.1 million in Q1 2026.
- Repurchased 3.7 million Class A ordinary shares for $4.2 million in Q1 2026.
- Cash and cash equivalents, term deposits, restricted cash and short-term investments totaled RMB4,490.3 million ($651.0 million).
Price Impact
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