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Side-by-side financial comparison of Hippo Holdings Inc. (HIPO) and Zhihu Inc. (ZH). Click either name above to swap in a different company.

Hippo Holdings Inc. is the larger business by last-quarter revenue ($120.4M vs $92.0M, roughly 1.3× Zhihu Inc.). Zhihu Inc. runs the higher net margin — 32.7% vs 5.0%, a 27.7% gap on every dollar of revenue. Over the past eight quarters, Hippo Holdings Inc.'s revenue compounded faster (18.9% CAGR vs -19.0%).

Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.

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.

HIPO vs ZH — Head-to-Head

Bigger by revenue
HIPO
HIPO
1.3× larger
HIPO
$120.4M
$92.0M
ZH
Higher net margin
ZH
ZH
27.7% more per $
ZH
32.7%
5.0%
HIPO
Faster 2-yr revenue CAGR
HIPO
HIPO
Annualised
HIPO
18.9%
-19.0%
ZH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HIPO
HIPO
ZH
ZH
Revenue
$120.4M
$92.0M
Net Profit
$6.0M
$30.1M
Gross Margin
53.6%
Operating Margin
5.6%
Net Margin
5.0%
32.7%
Revenue YoY
18.2%
Net Profit YoY
-86.4%
EPS (diluted)
$0.31

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
HIPO
HIPO
ZH
ZH
Q1 26
$92.0M
Q4 25
$120.4M
Q3 25
$120.6M
$92.6M
Q2 25
$117.3M
$100.1M
Q1 25
$110.3M
$100.6M
Q4 24
$101.9M
Q3 24
$95.5M
$120.4M
Q2 24
$89.6M
$128.5M
Net Profit
HIPO
HIPO
ZH
ZH
Q1 26
$30.1M
Q4 25
$6.0M
Q3 25
$98.1M
Q2 25
$1.3M
Q1 25
$-47.7M
Q4 24
$44.2M
Q3 24
$-8.5M
$-1.3M
Q2 24
$-40.5M
$-11.1M
Gross Margin
HIPO
HIPO
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
HIPO
HIPO
ZH
ZH
Q1 26
Q4 25
5.6%
Q3 25
81.3%
-15.1%
Q2 25
3.4%
-12.7%
Q1 25
-41.3%
Q4 24
46.3%
Q3 24
-5.4%
-10.0%
Q2 24
-40.7%
-19.7%
Net Margin
HIPO
HIPO
ZH
ZH
Q1 26
32.7%
Q4 25
5.0%
Q3 25
81.3%
Q2 25
1.1%
Q1 25
-43.2%
Q4 24
43.4%
Q3 24
-8.9%
-1.1%
Q2 24
-45.2%
-8.6%
EPS (diluted)
HIPO
HIPO
ZH
ZH
Q1 26
Q4 25
$0.31
Q3 25
$3.77
Q2 25
$0.05
Q1 25
$-1.91
Q4 24
$1.81
Q3 24
$-0.34
Q2 24
$-1.64

Balance Sheet & Financial Strength

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

Metric
HIPO
HIPO
ZH
ZH
Cash + ST InvestmentsLiquidity on hand
$218.3M
$481.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$436.1M
$554.1M
Total Assets
$1.9B
$742.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIPO
HIPO
ZH
ZH
Q1 26
$481.8M
Q4 25
$218.3M
Q3 25
$247.7M
$383.5M
Q2 25
$198.9M
$446.5M
Q1 25
$140.9M
$446.5M
Q4 24
$197.6M
Q3 24
$191.2M
$458.0M
Q2 24
$175.9M
$434.7M
Stockholders' Equity
HIPO
HIPO
ZH
ZH
Q1 26
$554.1M
Q4 25
$436.1M
Q3 25
$421.5M
$578.9M
Q2 25
$332.5M
$587.4M
Q1 25
$322.8M
$573.2M
Q4 24
$362.1M
Q3 24
$326.4M
$619.2M
Q2 24
$322.6M
$605.5M
Total Assets
HIPO
HIPO
ZH
ZH
Q1 26
$742.3M
Q4 25
$1.9B
Q3 25
$1.9B
$772.8M
Q2 25
$1.7B
$802.2M
Q1 25
$1.5B
$783.1M
Q4 24
$1.5B
Q3 24
$1.5B
$856.2M
Q2 24
$1.5B
$840.5M

Cash Flow & Capital Efficiency

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

Metric
HIPO
HIPO
ZH
ZH
Operating Cash FlowLast quarter
$9.2M
Free Cash FlowOCF − Capex
$9.1M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.53×
TTM Free Cash FlowTrailing 4 quarters
$14.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIPO
HIPO
ZH
ZH
Q1 26
Q4 25
$9.2M
Q3 25
$16.9M
Q2 25
$24.7M
Q1 25
$-35.6M
Q4 24
$47.5M
Q3 24
$46.8M
Q2 24
$-10.6M
Free Cash Flow
HIPO
HIPO
ZH
ZH
Q1 26
Q4 25
$9.1M
Q3 25
$16.8M
Q2 25
$24.6M
Q1 25
$-35.7M
Q4 24
$47.2M
Q3 24
Q2 24
$-10.7M
FCF Margin
HIPO
HIPO
ZH
ZH
Q1 26
Q4 25
7.6%
Q3 25
13.9%
Q2 25
21.0%
Q1 25
-32.4%
Q4 24
46.3%
Q3 24
Q2 24
-11.9%
Capex Intensity
HIPO
HIPO
ZH
ZH
Q1 26
Q4 25
0.1%
Q3 25
0.1%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.3%
Q3 24
0.0%
Q2 24
0.1%
Cash Conversion
HIPO
HIPO
ZH
ZH
Q1 26
Q4 25
1.53×
Q3 25
0.17×
Q2 25
19.00×
Q1 25
Q4 24
1.07×
Q3 24
Q2 24

Financial Flow Comparison

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

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