Zhihu Inc ADR
ZHCommunication Services·Internet Content & Information·China·Micro·NYSE·Nov 11 • 2:25 PM ET
2.72+0.07 (2.83%)
2026-11-11 20:26 CET
Market cap
207.33 USD m
Revenue, TTM
378.30 USD m
Net income, TTM
-42.67 USD m
Free cash flow, TTM
- USD m
EPS diluted, TTM
-0.54
P/E
-
Price
ZH against its 20, 50 and 200-day averages2050200earnings
39.7% under the 52-week high of 4.52 on 12 Jan 2026. 52-week low 2.55 on 3 Nov 2026. Last 15 sessions, 37.6% high to low
Profile
ZH52-week range, 9% of the way up
2.554.52
Zhihu, Inc. operates as a Q&A online content community. It content fields include Internet technology, commerce, film, television, fashion and culture. The company was founded by Yuan Zhou in 2010 and is headquartered in Beijing, China.
| Employees | 1154 |
|---|---|
| IPO | Mar 26, 2021 |
| Beta | 0.29 |
| ATR, 14d | 0.18 |
| Rel volume | 0.26 |
| Short float | 1.26% |
| Insider own | 0.00% |
| Inst own | 17.52% |
Snapshot
6 groupsValuation
| Index | - |
|---|---|
| Market Cap | 213.20M |
| Enterprise Value | -392.92M |
| Income | -42.67M |
| Sales | 378.30M |
| Book/sh | 7.04 |
| Cash/sh | 8.13 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 1154 |
| IPO | Mar 26, 2021 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | 0.56 |
| P/B | 0.39 |
| P/C | 0.34 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | -1.04 |
| Quick Ratio | 3.72 |
| Current Ratio | 3.73 |
| Debt/Eq | 0.03 |
| LT Debt/Eq | 0.00 |
| Option/Short | Yes / Yes |
Earnings
| EPS (ttm) | -0.54 |
|---|---|
| EPS next Y | -0.07 |
| EPS next Q | - |
| EPS this Y | -103.09% |
| EPS next Y | 70.84% |
| EPS next 5Y | - |
| EPS past 3/5Y | 47.45% 28.76% |
| Sales past 3/5Y | -10.61% 14.31% |
| EPS Y/Y TTM | -331.94% |
| Sales Y/Y TTM | -13.39% |
| EPS Q/Q | -158.83% |
| Sales Q/Q | 2.29% |
| Earnings | Nov 24 BMO |
| EPS/Sales Surpr. | -517.80% -1.88% |
Ownership
| Insider Own | 0.00% |
|---|---|
| Insider Trans | - |
| Inst Own | 17.52% |
| Inst Trans | 0.99% |
| ROA | -5.52% |
| ROE | -7.63% |
| ROIC | -7.89% |
| Gross Margin | 57.87% |
| Oper. Margin | -14.16% |
| Profit Margin | -11.28% |
| SMA20 | -11.33% |
| SMA50 | -14.31% |
| SMA200 | -15.02% |
| Trades | - |
Technical
| Shs Outstand | 78.24M |
|---|---|
| Shs Float | 78.24M |
| Short Float | 1.26% |
| Short Ratio | 2.52 |
| Short Interest | 0.99M |
| 52W High | 4.52 -39.71% |
| 52W Low | 2.55 6.86% |
| Volatility | 5.89% 6.09% |
| ATR (14) | 0.18 |
| RSI (14) | 35.98 |
| Beta | 0.29 |
| Rel Volume | 0.26 |
| Avg Volume | 393.03K |
| Volume | 77,979 |
Performance
| Perf Week | 0.55% |
|---|---|
| Perf Month | -21.70% |
| Perf Quarter | -14.58% |
| Perf Half Y | -15.90% |
| Perf YTD | -16.92% |
| Perf Year | -35.58% |
| Perf 3Y | -55.03% |
| Perf 5Y | -95.15% |
| Perf 10Y | - |
| Recom | 1.00 |
| Target Price | 3.75 |
| Prev Close | 2.65 |
| Price | 2.72 |
| Change % | 2.83% |
Analyst ratings
latest 10 of 10| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Dec 14, 2022 | Initiated | CCLSA | Outperform | $1.50 | -45.0% |
| May 16, 2022 | Upgrade | JJP Morgan | Underweight → Neutral | $1.80 → $1.50 | -45.0% |
| Apr 11, 2022 | Resumed | GGoldman | Neutral | $4.70 | +72.5% |
| Mar 14, 2022 | Downgrade | JJP Morgan | Overweight → Underweight | $1.80 | -33.9% |
| Feb 18, 2022 | Downgrade | GGoldman | Buy → Neutral | $12.80 → $5.40 | +98.2% |
| Dec 30, 2021 | Initiated | JJefferies | Buy | $10.40 | +281.7% |
| Oct 29, 2021 | Initiated | CCitigroup | Buy | $13 | +377.1% |
| Oct 12, 2021 | Initiated | CChina Renaissance | Buy | $13 | +377.1% |
| Apr 27, 2021 | Initiated | JJP Morgan | Overweight | $16 | +487.2% |
| Apr 20, 2021 | Initiated | GGoldman | Buy | $15.60 | +472.5% |
Peers
Mkt capHeld by
AUMNews
latest 14 of 200- Zhihu Inc. to Report Third Quarter 2026 Financial Results on November 24, 2026 (GlobeNewswire)
- Zhihu Inc. Announces Results of the Extraordinary General Meeting (GlobeNewswire)
- Zhihu Inc. to Hold Extraordinary General Meeting on October 20, 2026 (GlobeNewswire) +7.14%
- Zhihu Inc. Announces Proposed Subscription in AI-Focused Investment Fund (GlobeNewswire)
- Zhihu Inc (ZH) (Q2 2026) Earnings Call Highlights: Revenue Sequentially Improves, AI ... (GuruFocus.com)
- Zhihu Inc. Reports Unaudited Second Quarter 2026 Financial Results (GlobeNewswire)
- Zhihu Inc. to Report Second Quarter 2026 Financial Results on August 26, 2026 (GlobeNewswire)
- Zhihu Inc. Announces Results of the Annual General Meeting (GlobeNewswire)
- Zhihu Inc. to Hold Annual General Meeting on June 30, 2026 (GlobeNewswire)
- Zhihu Inc (ZH) Q1 2026 Earnings Call Highlights: Strong Start to 2026 with AI Integration and ... (GuruFocus.com)
- Zhihu Inc. Reports Unaudited First Quarter 2026 Financial Results (GlobeNewswire)
- Zhihu Inc. Announces Change of Non-Executive Director (GlobeNewswire)
- Zhihu Inc. to Report First Quarter 2026 Financial Results on June 3, 2026 (GlobeNewswire)
- Zhihu Inc. Publishes 2025 Environmental, Social and Governance Report (GlobeNewswire)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q3 | 2026-11-24 | - | -0.010 | - | - | 94.80 | 1 |
| 2026Q2 | 2026-08-26 | -0.073 | -0.012 | -0.073 | 102.69 | 104.66 | 1 |
| 2026Q1 | 2026-06-03 | -0.040 | - | -0.016 | 96.35 | 91.29 | - |
| 2025Q4 | 2026-03-25 | -0.142 | -0.011 | -0.368 | 93.36 | 91.11 | 1 |
| 2025Q3 | 2025-11-25 | -0.082 | - | -0.082 | 93.05 | 90.59 | - |
| 2025Q2 | 2025-08-27 | 0.123 | - | 0.122 | 100.22 | 101.24 | - |
| 2025Q1 | 2025-05-27 | -0.017 | -0.031 | -0.017 | 101.53 | 95.64 | 1 |
| 2024Q4 | 2025-03-26 | 0.138 | - | 0.139 | 118.39 | 113.26 | - |
| 2024Q3 | 2024-11-26 | -0.017 | - | -0.016 | 116.72 | 118.53 | - |
| 2024Q1 | 2024-06-12 | -0.081 | - | -0.244 | 132.57 | 115.69 | - |
| 2023Q4 | 2024-03-26 | -0.258 | -0.234 | -0.141 | 157.07 | 149.22 | 1 |
| 2023Q3 | 2023-11-29 | -0.398 | -0.387 | -0.388 | 144.15 | 140.06 | 1 |
| 2023Q2 | 2023-08-23 | -0.380 | -0.325 | -0.394 | 143.82 | 147.02 | 1 |
| 2023Q1 | 2023-05-24 | -0.502 | -0.358 | -0.261 | 140.98 | 140.51 | 1 |
| 2022Q4 | 2023-03-22 | -0.515 | -0.566 | -0.249 | 161.91 | 160.85 | 4 |
| 2022Q3 | 2022-11-30 | -0.410 | -0.969 | -0.432 | 127.18 | 125.32 | 5 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2020FY | -0.706 | - | -1.828 | 209.25 | - |
| 2021FY | -2.887 | -2.391 | -2.286 | 465.35 | 468.21 |
| 2022FY | -4.526 | -2.072 | -2.311 | 523.96 | 518.16 |
| 2023FY | -2.347 | -1.327 | -1.194 | 582.43 | 574.17 |
| 2024FY | -0.259 | -0.341 | -0.262 | 495.89 | 489.16 |
| 2025FY | -0.116 | -0.005 | -0.116 | 398.83 | 394.58 |
| 2026FY | - | -0.243 | - | - | 401.17 |
| 2027FY | - | -0.071 | - | - | 427 |
| 2028FY | - | 0.118 | - | - | 461.57 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q3 | S | 2026-10-02 | 1 | 0 | 0 | 96.26 | 96.26 | 96.26 |
| 2026Q3 | S | 2026-09-11 | 2 | 0 | 0 | 94.80 | 93.36 | 96.23 |
| 2026Q3 | S | 2026-08-26 | 1 | 0 | 0 | 93.17 | 93.17 | 93.17 |
| 2026Q3 | S | 2026-06-24 | 1 | 0 | 0 | 92.21 | 92.21 | 92.21 |
| 2026Q3 | E | 2026-08-26 | 1 | 0 | 0 | -0.01 | -0.01 | -0.01 |
| 2026Q3 | E | 2026-06-24 | 1 | 0 | 0 | -0.01 | -0.01 | -0.01 |
| 2026Q2 | S | 2026-08-26 | 1 | 0 | 0 | 102.69 | 102.69 | 102.69 |
| 2026Q2 | S | 2026-06-24 | 2 | 0 | 0 | 104.66 | 104.11 | 105.2 |
| 2026Q2 | S | 2026-06-03 | 1 | 0 | 0 | 104.55 | 104.55 | 104.55 |
| 2026Q2 | R | 2026-08-26 | 1 | 0 | 0 | -0.07 | -0.07 | -0.07 |
| 2026Q2 | E | 2026-08-26 | 1 | 0 | 0 | -0.07 | -0.07 | -0.07 |
| 2026Q2 | E | 2026-06-24 | 1 | 0 | 0 | -0.01 | -0.01 | -0.01 |
| 2026Q1 | S | 2026-03-27 | 2 | 0 | 0 | 91.29 | 90.72 | 91.86 |
| 2026Q1 | S | 2026-03-26 | 1 | 0 | 0 | 91.99 | 91.99 | 91.99 |
Estimate history
| EPS, annual | -2.181 | -1.828 | -2.286 | -2.311 | -1.194 | -0.262 | -0.335 | -0.5367 | |
|---|---|---|---|---|---|---|---|---|---|
| Period | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | |
| EPS, quarterly | -0.119 | -0.016 | 0.139 | -0.017 | 0.122 | -0.082 | -0.368 | -0.016 | -0.072 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
| Sales, annual | 97.037 | 195.907 | 458.856 | 535.354 | 592.642 | 500.069 | 382.42 | 378.3 | |
| Period | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | |
| Sales, quarterly | 128.942 | 117.893 | 119.515 | 100.274 | 99.11 | 92.061 | 90.758 | 94.099 | 101.384 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
| Shares, annual | 88.55 | 88.55 | 93.279 | 98.94 | 95.785 | 78.848 | 74.228 | 71.652 | |
| Period | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | MRQ | |
| Shares, quarterly | 90.175 | 90.758 | 78.848 | 78.848 | 76.832 | 79.016 | 74.228 | 76.03 | 71.652 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 378.30 | 382.42 | 500.07 | 592.64 | 535.35 | 458.86 | 195.91 | 97.04 |
| Cost of Goods Sold Incl. D&A | 159.40 | 153.20 | 197.04 | 268.60 | 266.85 | 217.92 | 86.12 | 51.84 |
| Gross Profit | 218.91 | 229.22 | 303.03 | 324.04 | 268.51 | 240.94 | 109.79 | 45.19 |
| Selling, General and Administrative Excl. Other | 272.48 | 282.22 | 369.87 | 475.38 | 506.67 | 456.57 | 197.14 | 198.38 |
| Research and Development | 65.19 | 73.03 | 101.79 | 127.23 | 113.36 | 96.07 | 47.78 | 50.80 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -53.58 | -52.99 | -66.85 | -151.34 | -238.17 | -215.64 | -87.35 | -153.18 |
| Interest Expense | - | - | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 |
| Unusual Expense | 17.82 | 17.58 | -10.89 | 0.73 | 26.24 | -4.32 | 9.97 | -1.03 |
| Net Income Before Taxes | -44.20 | -24.13 | -24.78 | -116.82 | -232.30 | -200.55 | -74.83 | -145.33 |
| Income Taxes | -1.22 | 3.02 | -1.30 | 1.67 | 2.11 | 0.84 | 0.16 | 0.01 |
| Consolidated Net Income | -42.98 | -27.15 | -23.48 | -118.49 | -234.40 | -201.40 | -74.98 | -145.33 |
| Net Income From Continuing Operations | -42.67 | -26.83 | -23.87 | -119.07 | -234.81 | -201.40 | -74.98 | -145.33 |
| Net Income | -42.67 | -26.83 | -23.87 | -119.07 | -234.81 | -227.85 | -173.61 | -207.10 |
| EPS (Recurring) | -0.39 | -0.18 | -0.35 | -1.19 | -2.13 | -2.32 | -1.75 | -2.19 |
| EPS (Basic, Before Extraordinaries) | -0.54 | -0.34 | -0.26 | -1.19 | -2.31 | -2.29 | -1.83 | -2.18 |
| EPS (Diluted) | -0.54 | -0.34 | -0.26 | -1.19 | -2.31 | -2.29 | -1.83 | -2.18 |
| EBITDA | -51.46 | -50.35 | -63.80 | -147.82 | -234.42 | -212.31 | -84.51 | -150.26 |
| Non-Operating Income (Expense) | 27.19 | 46.44 | 31.17 | 35.24 | 32.11 | 10.76 | 22.49 | 6.83 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 11.49 | 9.11 | 6.18 | 17.43 | 26.74 | 63.78 | 19.57 | 19.50 |
| Price To Sales Ratio | 0.64 | 0.69 | 0.65 | 0.95 | 1.48 | 7.22 | - | - |
| Gross Margin | 57.87 | 59.94 | 60.60 | 54.68 | 50.16 | 52.51 | 56.04 | 46.57 |
| Operating Margin | -14.16 | -13.86 | -13.37 | -25.54 | -44.49 | -46.99 | -44.59 | -157.86 |
| Net Margin | -11.28 | -7.02 | -4.77 | -20.09 | -43.86 | -49.66 | -88.62 | -213.42 |
| Shares Outstanding | 71.65 | 74.23 | 78.85 | 95.79 | 98.94 | 93.28 | 88.55 | 88.55 |
| Market Capitalization | 207.33 | 207.33 | 290.88 | 551.81 | 797.11 | 3,100.58 | 2,970.93 | - |
Income statement, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 | 2024Q3 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 101.38 | 94.10 | 90.76 | 92.06 | 99.11 | 100.27 | 119.51 | 117.89 |
| Cost of Goods Sold Incl. D&A | 43.59 | 38.02 | 42.13 | 35.67 | 37.15 | 38.28 | 44.31 | 42.54 |
| Gross Profit | 57.80 | 56.08 | 48.63 | 56.39 | 61.96 | 61.99 | 75.21 | 75.36 |
| Selling, General and Administrative Excl. Other | 68.95 | 65.16 | 68.03 | 70.34 | 74.54 | 69.22 | 73.55 | 87.12 |
| Research and Development | 15.96 | 15.90 | 17.36 | 15.98 | 20.14 | 19.50 | 20.39 | 25.01 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -11.15 | -9.08 | -19.40 | -13.95 | -12.58 | -7.23 | 1.65 | -11.77 |
| Interest Expense | 0.00 | 0.00 | - | - | 0.00 | - | 0.00 | - |
| Unusual Expense | 0.00 | 0.00 | 17.82 | 0.00 | 0.00 | 0.00 | -4.27 | -0.96 |
| Net Income Before Taxes | -5.99 | -1.00 | -30.80 | -6.41 | 13.99 | -1.42 | 11.65 | -1.38 |
| Income Taxes | -0.49 | 0.23 | -1.07 | 0.12 | 3.96 | -0.03 | -0.37 | -0.13 |
| Consolidated Net Income | -5.49 | -1.23 | -29.73 | -6.53 | 10.02 | -1.39 | 12.02 | -1.25 |
| Net Income From Continuing Operations | -5.50 | -1.23 | -29.42 | -6.52 | 10.02 | -1.39 | 12.00 | -1.46 |
| Net Income | -5.50 | -1.23 | -29.42 | -6.52 | 10.02 | -1.39 | 12.00 | -1.46 |
| EPS (Recurring) | -0.07 | -0.02 | -0.21 | -0.08 | 0.12 | -0.02 | 0.10 | -0.02 |
| EPS (Basic, Before Extraordinaries) | -0.07 | -0.02 | -0.37 | -0.08 | 0.12 | -0.02 | 0.14 | -0.02 |
| EPS (Diluted) | -0.07 | -0.02 | -0.37 | -0.08 | 0.12 | -0.02 | 0.14 | -0.02 |
| EBITDA | -10.76 | -8.69 | -18.72 | -13.28 | -11.92 | -6.58 | - | - |
| Non-Operating Income (Expense) | 5.17 | 8.08 | 6.41 | 7.53 | 26.57 | 5.81 | 5.73 | 9.42 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 2.84 | 2.63 | 3.63 | 2.39 | 1.66 | 1.46 | 0.81 | -0.73 |
| Price To Earnings Ratio | - | - | 19.81 | 21.81 | - | - | - | - |
| Price To Sales Ratio | 0.64 | 0.58 | 0.69 | 0.98 | 0.75 | 0.75 | 0.61 | 0.66 |
| Gross Margin | 57.01 | 59.60 | 53.58 | 61.26 | 62.52 | 61.82 | 62.93 | 63.92 |
| Operating Margin | -11.00 | -9.65 | -21.37 | -15.15 | -12.69 | -7.21 | 1.38 | -9.98 |
| Net Margin | -5.42 | -1.31 | -32.42 | -7.08 | 10.11 | -1.38 | 10.04 | -1.24 |
| Shares Outstanding | 71.65 | 76.03 | 74.23 | 79.02 | 76.83 | 78.85 | 78.85 | 90.76 |
| Market Capitalization | 207.33 | 224.40 | 259.17 | 404.20 | 317.30 | 354.59 | 290.88 | 356.22 |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY |
|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 606.91 | 665.68 | 770.27 | 900.72 | 1,131.63 | 473.52 | 508.72 |
| Short Term Receivables | 58.99 | 67.98 | 105.47 | 131.27 | 155.17 | 83.63 | 47.26 |
| Inventories | 3.74 | 4.24 | 3.13 | 1.49 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 7.51 | 13.50 | 20.41 | 19.48 | 20.86 | 11.70 | 4.19 |
| Total Current Assets | 677.15 | 751.40 | 899.28 | 1,052.95 | 1,307.66 | 568.85 | 560.17 |
| Net Property, Plant & Equipment | 6.78 | 2.14 | 7.20 | 15.45 | 21.40 | 1.73 | 5.82 |
| Total Investments and Advances | 52.73 | 7.01 | 6.29 | 0.00 | 28.01 | 0.00 | 0.00 |
| Intangible Assets | 3.91 | 22.99 | 39.72 | 25.63 | 17.83 | 3.59 | 5.02 |
| Other Assets | 2.24 | 1.88 | 5.64 | 7.31 | 6.67 | 0.99 | 0.99 |
| Total Assets | 742.81 | 785.42 | 958.13 | 1,101.35 | 1,381.56 | 575.16 | 571.99 |
| Short Term Debt Incl. Current Port. of LT Debt | 8.07 | 2.37 | 5.93 | 7.65 | 6.36 | 0.44 | 3.27 |
| Accounts Payable | 97.49 | 114.49 | 146.43 | 131.78 | 161.07 | 76.74 | 41.21 |
| Income Tax Payable | 2.33 | 3.03 | 3.02 | 3.74 | 10.38 | 1.08 | 1.01 |
| Other Current Liabilities | 73.62 | 88.99 | 118.93 | 119.33 | 119.95 | 76.88 | 64.06 |
| Total Current Liabilities | 181.51 | 208.88 | 274.31 | 262.50 | 297.76 | 155.14 | 109.54 |
| Long Term Debt | 2.23 | 0.25 | 0.51 | 6.24 | 12.89 | 0.00 | 0.42 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liabilities | 3.89 | 0.94 | 3.18 | 1.67 | 2.20 | - | - |
| Other Liabilities | 0.67 | 0.54 | 17.20 | 11.81 | 11.48 | 0.00 | 0.00 |
| Total Liabilities | 188.29 | 210.61 | 295.21 | 282.23 | 324.32 | 155.14 | 109.96 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,206.67 | 1,035.16 |
| Common Equity | 544.37 | 566.65 | 648.57 | 813.28 | 1,056.06 | -786.64 | -573.13 |
| Total Shareholders Equity | 544.37 | 566.65 | 648.57 | 813.28 | 1,056.06 | 420.02 | 462.03 |
| Accumulated Minority Interest | 10.15 | 8.16 | 14.35 | 5.84 | 1.18 | 0.00 | 0.00 |
| Total Equity | 554.52 | 574.81 | 662.93 | 819.12 | 1,057.24 | 420.02 | 462.03 |
| Total Liabilities & Stockholders Equity | 742.81 | 785.42 | 958.13 | 1,101.35 | 1,381.56 | 575.16 | 571.99 |
| Book Value Per Share | 6.86 | 6.75 | 6.37 | 7.73 | 10.59 | -8.28 | -6.04 |
| Tangible Book Value Per Share | 7.28 | 6.90 | 6.36 | 7.96 | 11.13 | -8.92 | -6.53 |
| Full-Time Employees | 1,154 | 1,887 | 2,731 | 2,515 | 2,649 | 1,651 | - |
| Price to Book Ratio | 0.38 | 0.56 | 0.88 | 1.02 | 3.14 | 2.94 | - |
| Return on Assets | -3.51 | -2.74 | -11.56 | -18.91 | -20.59 | -13.07 | - |
| Return on Equity | -4.83 | -3.93 | -16.29 | -25.12 | -27.29 | -17.00 | - |
| Return on Invested Capital | -4.91 | -4.21 | -18.34 | -28.65 | -18.84 | -17.85 | -31.43 |
| Quick Ratio | 3.71 | 3.58 | 3.27 | 4.01 | 4.39 | 3.67 | 5.11 |
| Current Ratio | 3.73 | 3.60 | 3.28 | 4.01 | 4.39 | 3.67 | 5.11 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY |
|---|---|---|---|---|---|---|---|---|
| Net Income | - | -27.15 | -23.48 | -118.49 | -234.40 | -201.40 | -74.98 | -145.33 |
| Depreciation | - | 2.64 | 3.05 | 3.51 | 3.74 | 3.33 | 2.84 | 2.93 |
| Deferred Taxes & Investment Tax Credit | - | 2.83 | -0.42 | -0.54 | -0.36 | -0.17 | 0.00 | 0.00 |
| Other Funds (Non Cash) | - | -4.70 | -6.35 | 22.95 | 85.31 | 84.80 | 38.19 | 26.49 |
| Funds from Operations | - | -26.38 | -27.19 | -92.56 | -145.70 | -113.44 | -33.95 | -115.91 |
| Extraordinary Item | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | - | -24.20 | -11.74 | 33.91 | -19.87 | 45.18 | -1.46 | 12.36 |
| Income Taxes Payable | - | -0.81 | 0.13 | -0.66 | -6.07 | 9.15 | 0.00 | 0.34 |
| Cash from Operating Activities | - | -50.58 | -38.93 | -58.65 | -165.58 | -68.26 | -35.41 | -103.55 |
| Capital Expenditures | - | -0.20 | -0.38 | -1.25 | -0.11 | -1.15 | -0.28 | -0.83 |
| Net Assets From Acquisitions | - | 0.00 | -0.63 | -8.98 | -9.00 | -5.14 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | - | 0.07 | 1.72 | 0.00 | 0.02 | 0.00 | 0.00 | 0.03 |
| Purchase or Sale of Investments | - | -16.04 | 354.76 | -227.05 | 549.01 | -485.53 | 62.60 | -303.47 |
| Purchase of Investments | - | -1,971.36 | -1,363.00 | -1,445.42 | -2,096.61 | -1,765.19 | -1,228.85 | -682.10 |
| Sale Or Maturity of Investments | - | 1,955.32 | 1,717.77 | 1,218.37 | 2,645.61 | 1,279.66 | 1,291.45 | 378.64 |
| Other Uses | - | 0.00 | 0.00 | 0.00 | -21.56 | 0.00 | 0.00 | 0.00 |
| Other Sources | - | 0.00 | 0.00 | 0.00 | 0.00 | 5.50 | 0.00 | 0.00 |
| Cash from Investing Activities | - | -16.18 | 355.48 | -237.28 | 518.36 | -486.33 | 62.32 | -304.27 |
| Cash Dividends Paid | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Dividends (Cash Flow) | - | 0.00 | 0.00 | 0.00 | 0.00 | - | - | - |
| Change in Capital Stock | - | -23.18 | -55.52 | -51.52 | -16.09 | 756.08 | 1.35 | 433.81 |
| Repurchase of Common Pref Stock | - | -23.24 | -55.68 | -52.16 | -19.00 | 0.00 | 0.00 | -3.60 |
| Sale of Common Pref Stock | - | 0.06 | 0.16 | 0.64 | 2.91 | 756.08 | 1.35 | 437.42 |
| Proceedsfrom Stock Options | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 435.76 |
| Issuance or Reduction of Debt, Net | - | 4.87 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Long Term Debt | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance of Long Term Debt | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Financing Active Other Cash Flow | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Financing Activities Uses | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | - | -18.31 | -55.52 | -51.52 | -16.09 | 756.08 | 1.35 | 433.81 |
| Exchange Rate Effect | - | -2.54 | 2.06 | 6.00 | 15.08 | -15.53 | -19.92 | 1.08 |
| Net Change in Cash | - | -87.62 | 263.09 | -341.45 | 351.77 | 185.96 | 8.33 | 27.07 |
| Free Cash Flow | - | -50.77 | -39.31 | -59.85 | -165.68 | -69.41 | -35.69 | -104.21 |
Balance sheet, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 635.75 | 619.60 | 606.91 | 614.34 | 643.48 | 628.33 |
| Short Term Receivables | 69.38 | 60.39 | 58.99 | 49.18 | 58.02 | 65.05 |
| Inventories | 3.65 | 0.00 | 3.74 | 0.00 | 3.93 | 0.00 |
| Other Current Assets | 5.90 | 14.49 | 7.51 | 20.91 | 9.93 | 18.57 |
| Total Current Assets | 714.67 | 694.47 | 677.15 | 684.44 | 715.35 | 711.95 |
| Net Property, Plant & Equipment | 4.54 | 5.25 | 6.78 | 7.35 | 8.85 | 10.24 |
| Total Investments and Advances | 20.30 | 35.27 | 52.73 | 56.23 | 52.39 | 35.88 |
| Intangible Assets | 3.53 | 4.04 | 3.91 | 23.89 | 22.95 | 24.46 |
| Other Assets | 1.71 | 2.01 | 2.24 | 0.93 | 2.44 | 1.16 |
| Total Assets | 744.77 | 741.03 | 742.81 | 772.84 | 801.97 | 783.69 |
| Short Term Debt Incl. Current Port. of LT Debt | 17.97 | 2.62 | 8.07 | 18.31 | 28.22 | 12.87 |
| Accounts Payable | 103.48 | 98.26 | 97.49 | 96.13 | 105.56 | 102.06 |
| Income Tax Payable | 4.28 | 5.35 | 2.33 | 2.17 | 2.66 | 2.44 |
| Other Current Liabilities | 65.64 | 77.29 | 73.62 | 68.94 | 69.16 | 86.55 |
| Total Current Liabilities | 191.38 | 183.52 | 181.51 | 185.55 | 205.61 | 203.93 |
| Long Term Debt | 0.77 | 1.35 | 2.23 | 2.86 | 3.82 | 4.80 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liabilities | 0.90 | 0.90 | 3.89 | 4.90 | 4.85 | 0.86 |
| Other Liabilities | 0.93 | 0.86 | 0.67 | 0.55 | 0.50 | 0.53 |
| Total Liabilities | 193.98 | 186.64 | 188.29 | 193.86 | 214.78 | 210.12 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 539.90 | 543.64 | 544.37 | 569.20 | 577.94 | 564.89 |
| Total Shareholders Equity | 539.90 | 543.64 | 544.37 | 569.20 | 577.94 | 564.89 |
| Accumulated Minority Interest | 10.89 | 10.75 | 10.15 | 9.79 | 9.26 | 8.68 |
| Total Equity | 550.78 | 554.40 | 554.52 | 578.98 | 587.20 | 573.57 |
| Total Liabilities & Stockholders Equity | 744.77 | 741.03 | 742.81 | 772.84 | 801.97 | 783.69 |
| Book Value Per Share | 7.04 | 6.70 | 6.86 | 6.76 | 7.05 | 6.73 |
| Tangible Book Value Per Share | 7.49 | 7.10 | 7.28 | 6.90 | 7.22 | 6.85 |
| Full-Time Employees | 1,149 | - | 1,154 | - | 1,484 | - |
| Price to Book Ratio | 0.38 | 0.42 | 0.48 | 0.75 | 0.59 | 0.67 |
| Return on Assets | -5.52 | -3.56 | -3.57 | 1.73 | 2.33 | -0.27 |
| Return on Equity | -7.63 | -4.90 | -4.92 | 2.39 | 3.27 | -0.39 |
| Return on Invested Capital | -1.02 | -0.23 | -5.38 | -1.14 | 1.72 | -0.24 |
| Quick Ratio | 3.72 | 3.78 | 3.71 | 3.69 | 3.46 | 3.49 |
| Current Ratio | 3.73 | 3.78 | 3.73 | 3.69 | 3.48 | 3.49 |
Cash flow, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|
Revenue breakdown
| Advertising | 2024: 173.53M 2025: 117.43M |
|---|---|
| Membership | 2024: 245.17M 2025: 214.14M |
| Service, Other | 2024: 82.07M 2025: 50.94M |
| China | 2024: 500.78M 2025: 382.51M |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 1.26% | 1.0M | 78.2M | 379.17K |
| 2026-10-15 | 1.31% | 1.0M | 78.2M | 363.37K |
| 2026-09-30 | 1.36% | 0.8M | 59.6M | 341.85K |
| 2026-09-15 | 1.88% | 1.1M | 59.6M | 245.35K |
| 2026-08-31 | 1.81% | 1.1M | 59.6M | 210.92K |
| 2026-08-14 | 1.70% | 1.0M | 59.6M | 192.20K |
| 2026-07-31 | 1.22% | 0.7M | 59.6M | 198.46K |
| 2026-07-15 | 1.67% | 1.0M | 61.6M | 221.80K |
| 2026-06-30 | 1.90% | 1.2M | 61.6M | 279.07K |
| 2026-06-15 | 1.98% | 1.2M | 61.6M | 375.77K |
| 2026-05-29 | 2.09% | 1.3M | 61.6M | 392.65K |
| 2026-05-15 | 1.87% | 1.4M | 74.9M | 402.22K |
| 2026-04-30 | 2.09% | 1.6M | 74.9M | 435.93K |
| 2026-04-15 | 1.73% | 1.3M | 76.0M | 426.38K |
| 2026-03-31 | 1.35% | 1.1M | 79.0M | 425.99K |
| 2026-03-13 | 1.43% | 1.1M | 79.0M | 338.14K |
| 2026-02-27 | 1.19% | 0.9M | 79.0M | 333.72K |
| 2026-02-13 | 1.02% | 0.8M | 79.0M | 334.31K |
| 2026-01-30 | 0.87% | 0.7M | 79.0M | 292.97K |
| 2026-01-15 | 0.89% | 0.7M | 79.0M | 275.39K |
Option chain
expiry 2026-11-20| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| call | 2.50 | 0.15 | 0.45 | 0.73 | 2.019 | 187 | 0.00 | 0.670 | -0.016 | 0.002 |
| call | 5.00 | 0.00 | 0.70 | 0.10 | 5.656 | 20.00 | 0.00 | 0.403 | -0.052 | 0.002 |
| call | 7.50 | 0.00 | 0.70 | 0.00 | 7.120 | 0.00 | 0.00 | 0.362 | -0.064 | 0.002 |
| put | 2.50 | 0.00 | 0.20 | 0.10 | 1.841 | 2.00 | 0.00 | -0.330 | -0.016 | 0.002 |
| put | 5.00 | 1.95 | 2.60 | 1.55 | 4.876 | 10.00 | 0.00 | -0.597 | -0.052 | 0.002 |
| put | 7.50 | 4.30 | 5.30 | 0.00 | 7.599 | 0.00 | 0.00 | -0.638 | -0.063 | 0.002 |
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-09 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-11-09 | SEC |
| 2026-11-02 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-11-02 | SEC |
| 2026-10-26 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-10-26 | SEC |
| 2026-10-21 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-10-21 | SEC |
| 2026-10-20 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-10-20 | SEC |
| 2026-10-20 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-10-20 | SEC |
| 2026-10-16 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-10-16 | SEC |
| 2026-10-13 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-10-13 | SEC |
| 2026-10-05 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-10-05 | SEC |
| 2026-09-28 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-09-28 | SEC |
| 2026-09-24 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-09-24 | SEC |
| 2026-09-21 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-09-21 | SEC |
| 2026-09-14 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-09-14 | SEC |
| 2026-09-08 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-09-08 | SEC |
| 2026-09-08 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-09-08 | SEC |
| 2026-08-31 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-08-31 | SEC |
| 2026-08-26 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-08-26 | SEC |
| 2026-08-24 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-08-24 | SEC |
| 2026-08-17 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-08-17 | SEC |
| 2026-08-10 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-08-10 | SEC |
| 2026-08-06 | SCHEDULE 13G/A | SEC | ||
| 2026-08-03 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-08-03 | SEC |
| 2026-07-30 | 4 | Statement of changes in beneficial ownership of securities | 2026-07-28 | SEC |
| 2026-07-27 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-07-27 | SEC |
| 2026-07-20 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-07-20 | SEC |
| 2026-07-15 | S-8 POS | Post-effective amendment to a S-8 registration statement | SEC | |
| 2026-07-13 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-07-13 | SEC |
| 2026-07-06 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-07-06 | SEC |
| 2026-07-01 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-07-01 | SEC |
| 2026-06-29 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-06-29 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 0 | 0 | 0 | 0 |
| 2026-08 | 0 | 0 | 0 | 0 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 0 | 0 | 0 | 0 |
| 2026-02 | 0 | 0 | 0 | 0 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 0 | 0 | 0 | 0 |
| 2025-11 | 0 | 0 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| FIL Ltd | 6.77% |
| ACADIAN ASSET MANAGEMENT LLC | 4.99% |
| GOLDMAN SACHS GROUP INC | 0.94% |
| First Beijing Investment Ltd | 0.89% |
| E Fund Management | 0.82% |
| E Fund Management Co., Ltd. | 0.82% |
| DODGE & COX | 0.81% |
| STATE STREET CORP | 0.76% |
| Maven Securities LTD | 0.65% |
| MORGAN STANLEY | 0.38% |
Funds
| Fund | % owned |
|---|---|
| Dodge & Cox Emerging Markets Stock Fund | 0.79% |
| Jacob Internet Fund | 0.43% |
| Jacob Discovery Fund | 0.21% |
| State Street(R) SPDR(R) Portfolio Emerging Markets ETF | 0.13% |
| Avantis Emerging Markets Equity ETF | 0.13% |
| SIIT WORLD EQUITY EX-US FUND | 0.12% |
| Jacob Small Cap Growth Fund | 0.09% |
| Columbia Greater China Fund | 0.08% |
| VOYA MULTI-MANAGER INTERNATIONAL SMALL CAP FUND | 0.06% |
| Harbor International Core Fund | 0.05% |
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