Zhihu Inc. Files Its 2025 Annual Report on Form 20-F

Rhea-AI Summary

Zhihu (NYSE: ZH) filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the SEC on April 17, 2026.

The annual report is available on the company investor relations website and hard copies of audited consolidated financial statements are available free upon request to investor relations in Beijing.

News Market Reaction – ZH

+3.53%

1 alert

+3.53% Session close to close

$347.22M Market Cap

0.1x Rel. Volume

In the Apr 17 session, ZH gained 3.53%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement formalizes Zhihu’s 2025 results via its annual report on Form 20-F for the year en...

Analysis

This announcement formalizes Zhihu’s 2025 results via its annual report on Form 20-F for the year ended December 31, 2025. Investors may compare the audited report with prior unaudited releases to track trends in revenue, profitability, and cash. Recent history, including the Q3 and FY2025 updates, showed sensitivity to financial details, so attention may remain on future earnings, margins, and any strategic disclosures within the filing.

Key Figures

Form type: Form 20-F Fiscal year end: December 31, 2025 Publication date: April 17, 2026

3 metrics

Form type Form 20-F Annual report filing with SEC

Fiscal year end December 31, 2025 Period covered by 2025 annual report

Publication date April 17, 2026 Date Form 20-F was filed

Historical Context

4 past events · Latest: Mar 25 (Negative)

Pattern 4 events

Date	Event	Sentiment	24h Move	Catalyst
Mar 25	FY 2025 earnings	Negative	-6.3%	Unaudited FY2025 results showed revenue decline and continued net loss.
Mar 02	Earnings date set	Neutral	-1.2%	Announcement of date and call details for Q4 and FY2025 results.
Nov 25	Q3 2025 earnings	Negative	-7.7%	Q3 2025 results highlighted revenue decline and wider reported net loss.
Oct 30	Earnings call notice	Neutral	+0.0%	Scheduling of Q3 2025 results release and conference call logistics.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent earnings and related communications often saw negative price reactions, especially around detailed financial disclosures.

Recent Company History

Over the last few quarters, Zhihu’s key news flow centered on earnings. On Nov 25, 2025, Q3 2025 results with lower revenue and wider reported net loss were followed by a -7.71% move. Earnings and earnings-date updates on Oct 30, 2025 and Mar 2, 2026 had flat to mildly negative reactions. Full-year 2025 unaudited results on Mar 25, 2026, including reduced revenue and a net loss, preceded a -6.29% move. Against this backdrop, today’s Form 20-F filing formalizes prior disclosures rather than adding new financial surprises.

Key Terms

form 20-f, ads

2 terms

form 20-f regulatory

"announced that it filed its annual report on Form 20-F for the fiscal year"

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

ads financial

"to its shareholders and ADS holders upon request."

Ads are paid promotional messages a company places across media — online, on TV, in print, or on social platforms — to attract customers, explain products, or shape public perception. For investors, ads matter because they drive sales growth, affect how much a company must spend to win customers, and influence brand strength and long-term value. Ads can also create regulatory or reputational risk if claims are misleading, which can affect profits and stock price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BEIJING, China, April 17, 2026 (GLOBE NEWSWIRE) -- Zhihu Inc. (“Zhihu” or the “Company”) (NYSE: ZH; HKEX: 2390), a leading online content community in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the Securities and Exchange Commission on April 17, 2026. The annual report can be accessed on the Company’s investor relations website at https://ir.zhihu.com.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations, Zhihu Inc., 18 Xueqing Road, Haidian District, Beijing 100083, People’s Republic of China.

About Zhihu Inc.

Zhihu Inc. (NYSE: ZH; HKEX: 2390) is a leading online content community where people come to find solutions, make decisions, seek inspiration, and have fun. Since the initial launch in 2010, Zhihu has grown into the largest Q&A-inspired online content community in China. For more information, please visit https://ir.zhihu.com.

For investor and media inquiries, please contact:

Zhihu Inc.
Email: ir@zhihu.com 

Christensen Advisory
Roger Hu
Tel: +86-10-5900-1548
Email: zhihu@christensencomms.com

FAQ

What did Zhihu (ZH) file on April 17, 2026?

Zhihu filed its annual report on Form 20-F for the fiscal year ended December 31, 2025. According to Zhihu, the filing was submitted to the SEC on April 17, 2026 and reflects the company's audited consolidated financial statements.

Where can investors access Zhihu's 2025 Form 20-F for ZH?

Investors can access the 2025 Form 20-F on the company's investor relations website. According to Zhihu, the full annual report is posted at the investor relations site and can be downloaded directly from that page.

Can Zhihu shareholders request a hard copy of the 2025 annual report for ZH?

Yes. Zhihu will provide a hard copy of the annual report containing audited consolidated financial statements free of charge. According to Zhihu, requests should be directed to Investor Relations at the Beijing address provided.

Which fiscal year does Zhihu's April 17, 2026 Form 20-F cover for ZH?

The Form 20-F covers the fiscal year ended December 31, 2025. According to Zhihu, the filing submitted on April 17, 2026 documents the company's audited consolidated financial results for that fiscal year.

Does Zhihu (ZH) list where to send requests for the annual report hard copy?

Yes. Zhihu provided a physical mailing address for hard copy requests to Investor Relations in Beijing. According to Zhihu, shareholders and ADS holders may use the supplied address to request free copies.

Is Zhihu (ZH) listed on exchanges other than the NYSE in this filing notice?

Yes. Zhihu noted listings on both the NYSE and Hong Kong Exchange under the symbols ZH and 2390. According to Zhihu, the filing identifies the company as listed on NYSE and HKEX.