The ongoing buyback program is small relative to the $277M market cap and does not signal a change in fundamentals. Monitor the next 20-F or 6-K for any update on the company's financial restructuring or revenue trajectory, as the prior annual report showed a 23.6% revenue decline.
Price Chart
Executive Summary
Zhihu Inc. filed six Next Day Disclosure Returns covering daily share repurchases on the NYSE from July 16 to July 23, 2026. The company repurchased a total of 127,761 Class A ordinary shares (as ADS) on July 23 alone, bringing cumulative repurchases under the June 30, 2026 mandate to 1,962,516 shares, or 0.771% of issued shares. This is a routine administrative update with no new financial or strategic information.
Key Facts
- Repurchased 127,761 Class A ordinary shares (42,587 ADS) on July 23, 2026 at US$1.0416 per share (US$3.1249 per ADS).
- Cumulative repurchases under the June 30, 2026 mandate: 1,962,516 shares (0.771% of issued shares).
- Total authorized repurchase capacity: 25,461,758 shares.
- No change in total issued shares (250,907,515 Class A + 15,233,755 Class B) during the reporting period.
- All repurchases are for cancellation, not held as treasury shares.
Financial Impact
Approximately $133,081 spent on July 23 repurchases; cumulative buyback spend not disclosed but aggregate prices paid for each day range from ~$82,000 to ~$134,000.
Risk Factors
- Continued revenue decline and net losses as reported in the prior 20-F (April 2026).
- Buyback program may exhaust authorized capacity without material impact on share count.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 10 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001104659-26-086749 |
| Document: tm2621358d1_ex99-5.htm | 0001104659-26-086749 |
| Document: tm2621358d1_ex99-4.htm | 0001104659-26-086749 |
| Document: tm2621358d1_ex99-3.htm | 0001104659-26-086749 |
| Document: tm2621358d1_ex99-2.htm | 0001104659-26-086749 |
| Document: tm2621358d1_ex99-1.htm | 0001104659-26-086749 |
| Document: tm2621358d1_6k.htm | 0001104659-26-086749 |
| Document: 0001104659-26-086749-index-headers.html | 0001104659-26-086749 |
| Document: 0001104659-26-086749-index.html | 0001104659-26-086749 |
| Document: 0001104659-26-086749.txt | 0001104659-26-086749 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 6-K | $3.46 | awaiting T+20 | — | $3.36 (−2.89%) |
Oct 21, 2026 5d ago | 6-K | $3.39 | awaiting T+20 | — | $3.36 (−0.88%) |
Oct 20, 2026 6d ago | 6-K | $3.51 | awaiting T+20 | — | $3.36 (−4.27%) |
Oct 20, 2026 7d ago | 6-K | $3.51 | awaiting T+20 | — | $3.36 (−4.27%) |
Oct 16, 2026 10d ago | 6-K | $3.39 | awaiting T+20 | — | $3.36 (−0.88%) |
Oct 13, 2026 14d ago | 6-K | $3.48 | awaiting T+20 | — | $3.36 (−3.45%) |
Oct 5, 2026 22d ago | 6-K | $3.37 | awaiting T+20 | — | $3.36 (−0.30%) |
Sep 28, 2026 29d ago | 6-K | $3.80 $3.36 | ▼ −11.58% | ▼ −11.55% | $3.36 (−11.58%) |
Sep 24, 2026 4w ago | 6-K | $3.75 $3.39 | ▼ −9.60% | ▼ −9.18% | $3.36 (−10.40%) |
Sep 24, 2026 4w ago | Press Release | $3.75 $3.39 | ▼ −9.60% | ▼ −9.18% | $3.36 (−10.40%) |
US Market Status
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