Balance Sheet
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Zhihu (ZH) Accumulated Expenses (2019 - 2025)

Zhihu's Accumulated Expenses history spans 7 years, with the latest figure at $26.5 million for Q4 2025.

  • On a quarterly basis, Accumulated Expenses fell 30.82% to $26.5 million in Q4 2025 year-over-year; TTM through Dec 2025 was $26.5 million, a 30.82% decrease, with the full-year FY2025 number at $26.9 million, down 28.7% from a year prior.
  • Accumulated Expenses hit $26.5 million in Q4 2025 for Zhihu, up from $22.4 million in the prior quarter.
  • Over the last five years, Accumulated Expenses for ZH hit a ceiling of $50.0 million in Q1 2022 and a floor of $22.4 million in Q3 2025.
  • Historically, Accumulated Expenses has averaged $37.5 million across 5 years, with a median of $38.4 million in 2021.
  • Biggest five-year swings in Accumulated Expenses: surged 40.24% in 2021 and later plummeted 30.82% in 2025.
  • Tracing ZH's Accumulated Expenses over 5 years: stood at $49.1 million in 2021, then fell by 18.74% to $39.9 million in 2022, then rose by 19.19% to $47.5 million in 2023, then fell by 19.35% to $38.3 million in 2024, then plummeted by 30.82% to $26.5 million in 2025.
  • Business Quant data shows Accumulated Expenses for ZH at $26.5 million in Q4 2025, $22.4 million in Q3 2025, and $23.3 million in Q2 2025.