R&D expense · 2021–2025

Zhihu R&D expense

$75.1M−25.2% · FY2025

Zhihu (ZH) reported $75.1M in R&D expense for fiscal 2025, −25.2% year on year.

$97.2M2021$111M2022$127M2023$100M2024$75.1M2025
Zhihu — R&D expense, 2021–2025
Fiscal yearR&D expenseChangeFiling
FY20252025-12-31$75.1M−25.2%Open →
FY20242024-12-31$100M−21.0%Open →
FY20232023-12-31$127M+14.7%Open →
FY20222022-12-31$111M+13.8%Open →
FY20212021-12-31$97.2M—Open →

R&D expense — Research and development expense is what the company charged to R&D in the income statement for the year. Most companies report no R&D at all — the line is absent rather than zero — so this ranking covers the roughly 40% of filers that do.

Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2021–2025 compound annual growth −6.3%

R&D expense at companies of similar size

Full ranking by R&D expense →

Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=Zhihu R&D expense |url=https://companiesranked.com/en/company/zhihu/research-and-development-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). Zhihu R&D expense. CompaniesRanked. https://companiesranked.com/en/company/zhihu/research-and-development-expense

BibTeX

@misc{companiesranked-en-company-zhihu-research-and-development-expense-2026,
  author       = {{CompaniesRanked}},
  title        = {{Zhihu R\&D expense}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/company/zhihu/research-and-development-expense}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The filing itself

The numbers above are read from this document: 20-F · 0001104659-26-044557 · April 17, 2026

{{cite web |title=Zhihu R&D expense — 20-F (0001104659-26-044557) |url=https://www.sec.gov/Archives/edgar/data/1835724/000110465926044557/zh-20251231x20f.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-04-17}}

The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.

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