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Side-by-side financial comparison of AlTi Global, Inc. (ALTI) and Zhihu Inc. (ZH). Click either name above to swap in a different company.

Zhihu Inc. is the larger business by last-quarter revenue ($92.0M vs $86.6M, roughly 1.1× AlTi Global, Inc.). Zhihu Inc. runs the higher net margin — 32.7% vs -15.1%, a 47.9% gap on every dollar of revenue. Over the past eight quarters, AlTi Global, Inc.'s revenue compounded faster (30.6% CAGR vs -19.0%).

Cristal Global is the world's second-largest producer of titanium dioxide and a leading producer of titanium chemicals. It was formed when The National Titanium Dioxide Company Ltd. combined with Millennium Chemicals. The headquarters are in Jeddah, Saudi Arabia. It is a significant shareholder in Bemax, the world’s 5th largest TiO2 feedstock producer.

Zhihu is a Chinese social question and answer site and news aggregator. Originally based in Chengdu and with creators from Sichuan, China, the website launched on January 26, 2011. The number of registered users on Zhihu exceeded 10 million by the end of 2013, and reached 17 million as of May 2015, with 250 million monthly page views.

ALTI vs ZH — Head-to-Head

Bigger by revenue
ZH
ZH
1.1× larger
ZH
$92.0M
$86.6M
ALTI
Higher net margin
ZH
ZH
47.9% more per $
ZH
32.7%
-15.1%
ALTI
Faster 2-yr revenue CAGR
ALTI
ALTI
Annualised
ALTI
30.6%
-19.0%
ZH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ALTI
ALTI
ZH
ZH
Revenue
$86.6M
$92.0M
Net Profit
$-13.1M
$30.1M
Gross Margin
53.6%
Operating Margin
-2.1%
Net Margin
-15.1%
32.7%
Revenue YoY
87.0%
Net Profit YoY
75.6%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALTI
ALTI
ZH
ZH
Q1 26
$92.0M
Q4 25
$86.6M
Q3 25
$57.2M
$92.6M
Q2 25
$53.1M
$100.1M
Q1 25
$58.0M
$100.6M
Q4 24
$46.3M
Q3 24
$51.8M
$120.4M
Q2 24
$49.5M
$128.5M
Net Profit
ALTI
ALTI
ZH
ZH
Q1 26
$30.1M
Q4 25
$-13.1M
Q3 25
$-84.1M
Q2 25
$-24.4M
Q1 25
$1.9M
Q4 24
$-53.8M
Q3 24
$-72.5M
$-1.3M
Q2 24
$-6.4M
$-11.1M
Gross Margin
ALTI
ALTI
ZH
ZH
Q1 26
53.6%
Q4 25
Q3 25
61.3%
Q2 25
62.5%
Q1 25
61.8%
Q4 24
Q3 24
63.9%
Q2 24
59.6%
Operating Margin
ALTI
ALTI
ZH
ZH
Q1 26
Q4 25
-2.1%
Q3 25
-49.8%
-15.1%
Q2 25
-56.7%
-12.7%
Q1 25
-23.3%
Q4 24
-42.7%
Q3 24
-18.4%
-10.0%
Q2 24
-30.2%
-19.7%
Net Margin
ALTI
ALTI
ZH
ZH
Q1 26
32.7%
Q4 25
-15.1%
Q3 25
-147.0%
Q2 25
-45.9%
Q1 25
3.3%
Q4 24
-116.1%
Q3 24
-140.0%
-1.1%
Q2 24
-12.9%
-8.6%
EPS (diluted)
ALTI
ALTI
ZH
ZH
Q1 26
Q4 25
Q3 25
Q2 25
$-0.33
Q1 25
$-0.04
Q4 24
$-0.71
Q3 24
$-0.88
Q2 24
$-0.18

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALTI
ALTI
ZH
ZH
Cash + ST InvestmentsLiquidity on hand
$41.2M
$481.8M
Total DebtLower is stronger
$883.0K
Stockholders' EquityBook value
$600.1M
$554.1M
Total Assets
$1.2B
$742.3M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALTI
ALTI
ZH
ZH
Q1 26
$481.8M
Q4 25
$41.2M
Q3 25
$35.8M
$383.5M
Q2 25
$42.4M
$446.5M
Q1 25
$52.8M
$446.5M
Q4 24
$64.4M
Q3 24
$220.6M
$458.0M
Q2 24
$60.0M
$434.7M
Total Debt
ALTI
ALTI
ZH
ZH
Q1 26
Q4 25
$883.0K
Q3 25
$586.0K
Q2 25
$673.0K
Q1 25
Q4 24
$0
Q3 24
$128.4M
Q2 24
$164.0M
Stockholders' Equity
ALTI
ALTI
ZH
ZH
Q1 26
$554.1M
Q4 25
$600.1M
Q3 25
$607.2M
$578.9M
Q2 25
$685.4M
$587.4M
Q1 25
$665.2M
$573.2M
Q4 24
$658.4M
Q3 24
$707.0M
$619.2M
Q2 24
$540.2M
$605.5M
Total Assets
ALTI
ALTI
ZH
ZH
Q1 26
$742.3M
Q4 25
$1.2B
Q3 25
$1.2B
$772.8M
Q2 25
$1.2B
$802.2M
Q1 25
$1.2B
$783.1M
Q4 24
$1.3B
Q3 24
$1.4B
$856.2M
Q2 24
$1.3B
$840.5M
Debt / Equity
ALTI
ALTI
ZH
ZH
Q1 26
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
Q4 24
0.00×
Q3 24
0.18×
Q2 24
0.30×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALTI
ALTI
ZH
ZH
Operating Cash FlowLast quarter
$-51.4M
Free Cash FlowOCF − Capex
$-52.2M
FCF MarginFCF / Revenue
-60.3%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALTI
ALTI
ZH
ZH
Q1 26
Q4 25
$-51.4M
Q3 25
$-53.5M
Q2 25
$-19.9M
Q1 25
$-30.2M
Q4 24
$-50.7M
Q3 24
$-4.9M
Q2 24
$-30.2M
Free Cash Flow
ALTI
ALTI
ZH
ZH
Q1 26
Q4 25
$-52.2M
Q3 25
Q2 25
$-20.0M
Q1 25
$-31.0M
Q4 24
$-58.2M
Q3 24
$-9.4M
Q2 24
$-31.2M
FCF Margin
ALTI
ALTI
ZH
ZH
Q1 26
Q4 25
-60.3%
Q3 25
Q2 25
-37.6%
Q1 25
-53.4%
Q4 24
-125.7%
Q3 24
-18.2%
Q2 24
-63.2%
Capex Intensity
ALTI
ALTI
ZH
ZH
Q1 26
Q4 25
0.9%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
1.3%
Q4 24
16.3%
Q3 24
8.7%
Q2 24
2.2%
Cash Conversion
ALTI
ALTI
ZH
ZH
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
-15.80×
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALTI
ALTI

Management Advisory Fees$51.1M59%
Other$32.7M38%
Distributions From Investments$2.9M3%

ZH
ZH

Segment breakdown not available.

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