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Side-by-side financial comparison of VINCE HOLDING CORP. (VNCE) 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 $85.1M, roughly 1.1× VINCE HOLDING CORP.). Zhihu Inc. runs the higher net margin — 32.7% vs 3.2%, a 29.5% gap on every dollar of revenue. Over the past eight quarters, VINCE HOLDING CORP.'s revenue compounded faster (6.3% CAGR vs -19.0%).

VINCE. is a contemporary clothing fashion brand founded in 2002. In 2023 Authentic Brands Group purchased its intellectual property in a $76.5 million deal.

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.

VNCE vs ZH — Head-to-Head

Bigger by revenue
ZH
ZH
1.1× larger
ZH
$92.0M
$85.1M
VNCE
Higher net margin
ZH
ZH
29.5% more per $
ZH
32.7%
3.2%
VNCE
Faster 2-yr revenue CAGR
VNCE
VNCE
Annualised
VNCE
6.3%
-19.0%
ZH

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
VNCE
VNCE
ZH
ZH
Revenue
$85.1M
$92.0M
Net Profit
$2.7M
$30.1M
Gross Margin
49.2%
53.6%
Operating Margin
6.4%
Net Margin
3.2%
32.7%
Revenue YoY
6.2%
Net Profit YoY
-37.3%
EPS (diluted)
$0.21

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
VNCE
VNCE
ZH
ZH
Q1 26
$92.0M
Q4 25
$85.1M
Q3 25
$73.2M
$92.6M
Q2 25
$57.9M
$100.1M
Q1 25
$80.0M
$100.6M
Q4 24
$80.2M
Q3 24
$74.2M
$120.4M
Q2 24
$59.2M
$128.5M
Net Profit
VNCE
VNCE
ZH
ZH
Q1 26
$30.1M
Q4 25
$2.7M
Q3 25
$12.1M
Q2 25
$-4.8M
Q1 25
$-28.3M
Q4 24
$4.3M
Q3 24
$569.0K
$-1.3M
Q2 24
$4.4M
$-11.1M
Gross Margin
VNCE
VNCE
ZH
ZH
Q1 26
53.6%
Q4 25
49.2%
Q3 25
50.4%
61.3%
Q2 25
50.3%
62.5%
Q1 25
50.1%
61.8%
Q4 24
50.0%
Q3 24
47.4%
63.9%
Q2 24
50.6%
59.6%
Operating Margin
VNCE
VNCE
ZH
ZH
Q1 26
Q4 25
6.4%
Q3 25
15.2%
-15.1%
Q2 25
-7.7%
-12.7%
Q1 25
-37.1%
Q4 24
7.2%
Q3 24
1.5%
-10.0%
Q2 24
9.5%
-19.7%
Net Margin
VNCE
VNCE
ZH
ZH
Q1 26
32.7%
Q4 25
3.2%
Q3 25
16.5%
Q2 25
-8.3%
Q1 25
-35.5%
Q4 24
5.4%
Q3 24
0.8%
-1.1%
Q2 24
7.4%
-8.6%
EPS (diluted)
VNCE
VNCE
ZH
ZH
Q1 26
Q4 25
$0.21
Q3 25
$0.93
Q2 25
$-0.37
Q1 25
$-2.25
Q4 24
$0.34
Q3 24
$0.05
Q2 24
$0.35

Balance Sheet & Financial Strength

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

Metric
VNCE
VNCE
ZH
ZH
Cash + ST InvestmentsLiquidity on hand
$1.1M
$481.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$53.4M
$554.1M
Total Assets
$246.0M
$742.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VNCE
VNCE
ZH
ZH
Q1 26
$481.8M
Q4 25
$1.1M
Q3 25
$777.0K
$383.5M
Q2 25
$2.6M
$446.5M
Q1 25
$607.0K
$446.5M
Q4 24
$892.0K
Q3 24
$711.0K
$458.0M
Q2 24
$739.0K
$434.7M
Stockholders' Equity
VNCE
VNCE
ZH
ZH
Q1 26
$554.1M
Q4 25
$53.4M
Q3 25
$49.3M
$578.9M
Q2 25
$37.2M
$587.4M
Q1 25
$41.8M
$573.2M
Q4 24
$57.1M
Q3 24
$52.4M
$619.2M
Q2 24
$51.7M
$605.5M
Total Assets
VNCE
VNCE
ZH
ZH
Q1 26
$742.3M
Q4 25
$246.0M
Q3 25
$239.0M
$772.8M
Q2 25
$218.0M
$802.2M
Q1 25
$222.7M
$783.1M
Q4 24
$254.7M
Q3 24
$253.6M
$856.2M
Q2 24
$223.1M
$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
VNCE
VNCE
ZH
ZH
Operating Cash FlowLast quarter
$-5.1M
Free Cash FlowOCF − Capex
$-5.7M
FCF MarginFCF / Revenue
-6.7%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
-1.86×
TTM Free Cash FlowTrailing 4 quarters
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VNCE
VNCE
ZH
ZH
Q1 26
Q4 25
$-5.1M
Q3 25
$4.2M
Q2 25
$-11.8M
Q1 25
$22.7M
Q4 24
$6.4M
Q3 24
$-3.2M
Q2 24
$-3.9M
Free Cash Flow
VNCE
VNCE
ZH
ZH
Q1 26
Q4 25
$-5.7M
Q3 25
$2.1M
Q2 25
$-13.2M
Q1 25
$21.2M
Q4 24
$5.1M
Q3 24
$-3.9M
Q2 24
$-4.6M
FCF Margin
VNCE
VNCE
ZH
ZH
Q1 26
Q4 25
-6.7%
Q3 25
2.9%
Q2 25
-22.9%
Q1 25
26.5%
Q4 24
6.4%
Q3 24
-5.2%
Q2 24
-7.8%
Capex Intensity
VNCE
VNCE
ZH
ZH
Q1 26
Q4 25
0.7%
Q3 25
2.9%
Q2 25
2.5%
Q1 25
1.9%
Q4 24
1.6%
Q3 24
0.9%
Q2 24
1.3%
Cash Conversion
VNCE
VNCE
ZH
ZH
Q1 26
Q4 25
-1.86×
Q3 25
0.35×
Q2 25
Q1 25
Q4 24
1.48×
Q3 24
-5.61×
Q2 24
-0.89×

Financial Flow Comparison

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

Revenue Breakdown by Segment

VNCE
VNCE

Vince Wholesale$52.0M61%
Vince Direct To Consumer$33.1M39%

ZH
ZH

Segment breakdown not available.

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