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

ZIPRECRUITER, INC. is the larger business by last-quarter revenue ($111.7M vs $92.0M, roughly 1.2× Zhihu Inc.). Zhihu Inc. runs the higher net margin — 32.7% vs -0.7%, a 33.5% gap on every dollar of revenue. Over the past eight quarters, ZIPRECRUITER, INC.'s revenue compounded faster (-4.4% CAGR vs -19.0%).

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.

ZH vs ZIP — Head-to-Head

Bigger by revenue
ZIP
ZIP
1.2× larger
ZIP
$111.7M
$92.0M
ZH
Higher net margin
ZH
ZH
33.5% more per $
ZH
32.7%
-0.7%
ZIP
Faster 2-yr revenue CAGR
ZIP
ZIP
Annualised
ZIP
-4.4%
-19.0%
ZH

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ZH
ZH
ZIP
ZIP
Revenue
$92.0M
$111.7M
Net Profit
$30.1M
$-835.0K
Gross Margin
53.6%
89.1%
Operating Margin
3.6%
Net Margin
32.7%
-0.7%
Revenue YoY
0.6%
Net Profit YoY
92.3%
EPS (diluted)
$-0.03

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
ZH
ZH
ZIP
ZIP
Q1 26
$92.0M
Q4 25
$111.7M
Q3 25
$92.6M
$115.0M
Q2 25
$100.1M
$112.2M
Q1 25
$100.6M
$110.1M
Q4 24
$111.0M
Q3 24
$120.4M
$117.1M
Q2 24
$128.5M
$123.7M
Net Profit
ZH
ZH
ZIP
ZIP
Q1 26
$30.1M
Q4 25
$-835.0K
Q3 25
$-9.8M
Q2 25
$-9.5M
Q1 25
$-12.8M
Q4 24
$-10.8M
Q3 24
$-1.3M
$-2.6M
Q2 24
$-11.1M
$7.0M
Gross Margin
ZH
ZH
ZIP
ZIP
Q1 26
53.6%
Q4 25
89.1%
Q3 25
61.3%
89.1%
Q2 25
62.5%
89.3%
Q1 25
61.8%
89.4%
Q4 24
89.6%
Q3 24
63.9%
89.4%
Q2 24
59.6%
89.5%
Operating Margin
ZH
ZH
ZIP
ZIP
Q1 26
Q4 25
3.6%
Q3 25
-15.1%
-4.4%
Q2 25
-12.7%
-5.9%
Q1 25
-10.6%
Q4 24
-3.6%
Q3 24
-10.0%
-2.8%
Q2 24
-19.7%
7.6%
Net Margin
ZH
ZH
ZIP
ZIP
Q1 26
32.7%
Q4 25
-0.7%
Q3 25
-8.5%
Q2 25
-8.5%
Q1 25
-11.7%
Q4 24
-9.7%
Q3 24
-1.1%
-2.2%
Q2 24
-8.6%
5.7%
EPS (diluted)
ZH
ZH
ZIP
ZIP
Q1 26
Q4 25
$-0.03
Q3 25
$-0.11
Q2 25
$-0.10
Q1 25
$-0.13
Q4 24
$-0.10
Q3 24
$-0.03
Q2 24
$0.07

Balance Sheet & Financial Strength

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

Metric
ZH
ZH
ZIP
ZIP
Cash + ST InvestmentsLiquidity on hand
$481.8M
$188.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$554.1M
$-77.2M
Total Assets
$742.3M
$569.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ZH
ZH
ZIP
ZIP
Q1 26
$481.8M
Q4 25
$188.0M
Q3 25
$383.5M
$211.8M
Q2 25
$446.5M
$203.5M
Q1 25
$446.5M
$221.1M
Q4 24
$218.4M
Q3 24
$458.0M
$225.6M
Q2 24
$434.7M
$271.7M
Stockholders' Equity
ZH
ZH
ZIP
ZIP
Q1 26
$554.1M
Q4 25
$-77.2M
Q3 25
$578.9M
$-76.1M
Q2 25
$587.4M
$-65.9M
Q1 25
$573.2M
$-11.3M
Q4 24
$13.4M
Q3 24
$619.2M
$13.6M
Q2 24
$605.5M
$24.4M
Total Assets
ZH
ZH
ZIP
ZIP
Q1 26
$742.3M
Q4 25
$569.7M
Q3 25
$772.8M
$573.6M
Q2 25
$802.2M
$592.4M
Q1 25
$783.1M
$629.4M
Q4 24
$664.1M
Q3 24
$856.2M
$652.0M
Q2 24
$840.5M
$665.3M

Cash Flow & Capital Efficiency

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

Metric
ZH
ZH
ZIP
ZIP
Operating Cash FlowLast quarter
$7.7M
Free Cash FlowOCF − Capex
$7.6M
FCF MarginFCF / Revenue
6.8%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ZH
ZH
ZIP
ZIP
Q1 26
Q4 25
$7.7M
Q3 25
$2.6M
Q2 25
$10.5M
Q1 25
$-9.9M
Q4 24
$12.5M
Q3 24
$9.3M
Q2 24
$21.9M
Free Cash Flow
ZH
ZH
ZIP
ZIP
Q1 26
Q4 25
$7.6M
Q3 25
$2.2M
Q2 25
$10.2M
Q1 25
$-10.2M
Q4 24
$12.0M
Q3 24
$9.2M
Q2 24
$21.7M
FCF Margin
ZH
ZH
ZIP
ZIP
Q1 26
Q4 25
6.8%
Q3 25
1.9%
Q2 25
9.1%
Q1 25
-9.3%
Q4 24
10.8%
Q3 24
7.8%
Q2 24
17.6%
Capex Intensity
ZH
ZH
ZIP
ZIP
Q1 26
Q4 25
0.1%
Q3 25
0.3%
Q2 25
0.3%
Q1 25
0.3%
Q4 24
0.4%
Q3 24
0.2%
Q2 24
0.1%
Cash Conversion
ZH
ZH
ZIP
ZIP
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
3.12×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ZH
ZH

Segment breakdown not available.

ZIP
ZIP

License$84.3M75%
Services$27.4M25%

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