Welcome to our dedicated page for Zhihu SEC filings (Ticker: ZH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Zhihu Inc. filings document the reporting obligations of a foreign private issuer with ADSs listed on the NYSE and Class A ordinary shares listed on the Hong Kong Stock Exchange. Its Form 20-F and related 6-K submissions cover audited consolidated financial statements, annual reporting, ESG materials and current reports for its China-based online content community.
The filing record also includes Hong Kong monthly returns and next day disclosure returns for movements in securities, share repurchases and cancellations, treasury-share status, public-float confirmations, and changes involving WVR ordinary shares. Governance-related filings address annual general meeting record dates, shareholder voting eligibility and the company’s dual-class share structure.
Zhihu Inc. director Chen Qu has filed an initial Form 3, which is a required statement of beneficial ownership for insiders. This filing does not list any share transactions or current holdings, and serves mainly to register Chen Qu’s status as a reporting person at the company.
Chen Derek reported acquisition or exercise transactions in this Form 4 filing.
Zhihu Inc. director Derek Chen reported a grant of 135,468 restricted share units (RSUs) linked to Class A Ordinary Shares. The RSUs were granted on June 3, 2026, with 25% vesting on each of the first four anniversaries of the grant date, as long as he continues serving on the Board. Each RSU represents a contingent right to receive one Class A Ordinary Share, and following this grant Chen holds 135,468 RSUs directly.
Zhihu Inc. director Hope Ni reported the vesting of 33,867 restricted share units, each converting into one Class A ordinary share. These RSUs are part of a 135,468-unit board grant that vests in four equal annual installments, contingent on continued board service. Following this compensation-related vesting, Ni directly holds 43,867 Class A shares and 101,601 remaining restricted share units, with no open-market purchases or sales reported in this filing.
Zhihu Inc. director Cheng Li-Lan reported routine equity compensation activity involving Class A ordinary shares. On May 27, 2026, 33,867 restricted share units (RSUs) vested from an original grant of 135,468 RSUs, with 25% scheduled to vest on each of four anniversaries, subject to continued board service.
Each RSU represents the right to receive one Class A ordinary share, so the vesting delivered 33,867 shares at a nominal price of $0.01 per share. After these transactions, Cheng held 33,867 Class A ordinary shares directly, along with 101,601 RSUs remaining from the grant.
On June 5, 2026, Cheng sold 360 Class A ordinary shares at $2.85 per share. A footnote explains this small sale was made solely to cover administrative costs and fees related to the RSU vesting, and was not tax related. Following the sale, Cheng directly held 33,507 Class A ordinary shares.
Zhihu Inc. has called its annual general meeting for June 30, 2026 in Beijing. Shareholders will vote on a 20% general mandate to issue additional Class A ordinary shares and an associated 10% extension linked to any repurchases. They will also consider a 10% share and ADS Repurchase Mandate, re-election of three directors, re-appointment of PricewaterhouseCoopers firms as auditors with estimated RMB9.2 million in 2026 audit fees, and amendments to the 2022 Share Incentive Plan. The revised plan would allow new awards over up to 10% of shares in issue and set a 0.2% sublimit for service providers, while existing unvested awards and trustee-held shares continue under defined voting and clawback rules.
Zhihu Inc. reported first quarter 2026 results showing lower revenue but improved profitability on an adjusted basis. Total revenues were RMB651.6 million (US$94.5 million), down from RMB729.7 million a year earlier, as marketing services, paid content and IP operations, and other revenues all declined year over year.
Despite this, cost controls helped support margins. Gross margin was 59.6%, compared with 61.8% in the prior-year quarter, while total operating expenses fell 10.4% to RMB451.2 million. Net loss narrowed to RMB8.5 million (US$1.2 million), and adjusted non-GAAP net income rose to RMB17.2 million (US$2.5 million), a 147.2% increase, reflecting better earnings quality.
Zhihu ended March 31, 2026 with RMB4,490.3 million (US$651.0 million) in cash, term deposits, restricted cash and short-term investments, slightly above the December 2025 level. The company continued its share repurchase programs, having bought back an aggregate 34.8 million Class A ordinary shares for US$70.7 million to date, including 3.7 million shares for US$4.2 million during the quarter. Separately, the board announced the resignation of non-executive director Bing Yu and the appointment of Qu Chen as a non-executive director effective June 3, 2026.
Zhihu Inc. reported first quarter 2026 results showing lower revenue but improved profitability on an adjusted basis. Total revenues were RMB651.6 million (US$94.5 million), down from RMB729.7 million a year earlier, as marketing services, paid content and IP operations, and other revenues all declined year over year.
Despite this, cost controls helped support margins. Gross margin was 59.6%, compared with 61.8% in the prior-year quarter, while total operating expenses fell 10.4% to RMB451.2 million. Net loss narrowed to RMB8.5 million (US$1.2 million), and adjusted non-GAAP net income rose to RMB17.2 million (US$2.5 million), a 147.2% increase, reflecting better earnings quality.
Zhihu ended March 31, 2026 with RMB4,490.3 million (US$651.0 million) in cash, term deposits, restricted cash and short-term investments, slightly above the December 2025 level. The company continued its share repurchase programs, having bought back an aggregate 34.8 million Class A ordinary shares for US$70.7 million to date, including 3.7 million shares for US$4.2 million during the quarter. Separately, the board announced the resignation of non-executive director Bing Yu and the appointment of Qu Chen as a non-executive director effective June 3, 2026.
Zhihu Inc. has scheduled a board meeting for June 3, 2026 to review and approve its unaudited financial results for the three months ended March 31, 2026 and their publication. Management will also host an earnings conference call on June 3, 2026 at 7:00 A.M. U.S. Eastern Time, which is 7:00 P.M. Beijing/Hong Kong Time, with participants required to pre-register online to receive dial-in details.
Zhihu Inc. has set the record dates that determine which shareholders can vote at and attend its forthcoming annual general meeting. Holders of Class A and Class B ordinary shares on the Hong Kong and Cayman share registers at the close of business on May 22, 2026, Hong Kong time, will be eligible, subject to transfer documents being lodged by the specified deadlines.
Holders of American depositary shares (ADSs), each representing three Class A ordinary shares, as of the close of business on May 22, 2026, New York time, may attend the meeting but cannot vote directly. Instead, they may instruct JPMorgan Chase Bank, N.A., as depositary, on how to vote the underlying Class A shares.