Zhihu Inc risk profile
64 Stretched several inputs deteriorating together
Measured 20 October 2026 from ZH's filed statements. Recomputed nightly.
64 (Stretched), driven by Cash conversion at 100, over 5 weighted categories on the SOFTWARE profile.
What is measured
| Mechanism | Reading | Band | Direction | Driver |
|---|---|---|---|---|
| Market expectation | 52 | Elevated | Volatile | One-year price volatility — 45.3% |
| Operating pressure | 23 | Normal | Worsening | Costs outgrowing revenue — +0.3 percentage points |
| Cash conversion | 100 | Acute | Worsening | Capital spending against operating cash — -0.02x |
| Leverage and coverage | 4 | Contained | Stable | Current ratio — 3.73x |
| Competitive position | 73 | Stretched | Stable | Operating-margin gap against peers — -20.2 percentage points |
| Concentration | Reads identified supplier spend, customers above the 10% disclosure threshold and revenue by region. No reading is stored for this company. | |||
These are descriptive readings of disclosed mechanisms, not investment advice, and not a prediction. A band says where a measured input sits, never what to do about it or what happens next.