Quarterly ResultJun 3, 2026, 09:27 AM
Zhihu Q1 Revenue Declines, Net Loss Narrows; Board Changes Announced
AI Summary
Zhihu Inc. announced its unaudited first quarter 2026 financial results, reporting a decrease in total revenues to RMB651.6 million (US$94.5 million) compared to the prior year, but a significant 15.6% narrowing of net loss to RMB8.5 million (US$1.2 million). The company saw a substantial 147.2% increase in adjusted net income (non-GAAP) to RMB17.2 million (US$2.5 million). In addition to the financial results, Zhihu Inc. also announced a change in its board of directors, with the resignation of non-executive Director Mr. Bing Yu and the appointment of Mr. Qu Chen as a non-executive Director, both effective June 3, 2026.
Key Highlights
- Zhihu Inc. reported Q1 2026 total revenues of RMB651.6 million (US$94.5 million), a decrease from RMB729.7 million in Q1 2025.
- Net loss for Q1 2026 was RMB8.5 million (US$1.2 million), narrowing by 15.6% year-over-year.
- Adjusted net income (non-GAAP) increased by 147.2% to RMB17.2 million (US$2.5 million) in Q1 2026.
- Average monthly subscribing members were 13.1 million in Q1 2026.
- Gross margin was 59.6% in Q1 2026, down from 61.8% in Q1 2025.
- Total operating expenses decreased by 10.4% year-over-year to RMB451.2 million (US$65.4 million).
- Mr. Bing Yu resigned as a non-executive Director, effective June 3, 2026.
- Mr. Qu Chen was appointed as a non-executive Director, effective June 3, 2026.
Price Impact
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