Zhihu Inc. (ZH) Current Deferred Revenue (2019 - 2025)

Zhihu (ZH) has 7 years of Current Deferred Revenue data on file, last reported at $26.2 million in Q4 2025.

• Quarterly Current Deferred Revenue fell 20.01% year-over-year to $26.2 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $26.2 million (down 20.01% YoY) and the FY2025 annual result came in at $26.6 million, down 17.56% from the prior year.
• Current Deferred Revenue slipped to $26.2 million in Q4 2025 per ZH's latest filing, from $27.1 million in the prior quarter.
• The five-year high for Current Deferred Revenue was $55.0 million in Q1 2023, with the low at $26.2 million in Q4 2025.
• Average Current Deferred Revenue over 5 years is $39.3 million, with a median of $39.6 million recorded in 2021.
• Year-over-year, Current Deferred Revenue jumped 55.33% in 2021 and sank 31.86% in 2025.
• Zhihu's Current Deferred Revenue stood at $37.5 million in 2021, then jumped by 33.34% to $50.0 million in 2022, then decreased by 15.68% to $42.2 million in 2023, then declined by 22.23% to $32.8 million in 2024, then declined by 20.01% to $26.2 million in 2025.
• Business Quant data shows ZH's Current Deferred Revenue at $26.2 million in Q4 2025, $27.1 million in Q3 2025, and $28.6 million in Q2 2025.