Zhihu (ZH) Liabilities and Shareholders Equity (2019 - 2026)
Zhihu (ZH) posted Liabilities and Shareholders Equity of $731.9 million for Q4 2025, down 5.29% sequentially from $772.8 million in Q3 2025, and down 8.3% YoY from $798.1 million in Q4 2024.
Analysis
Zhihu (ZH) Liabilities and Shareholders Equity (2019 - 2026) Analysis & Trends
Zhihu has reported Liabilities and Shareholders Equity for 7 years, with the latest figure at $731.9 million in Q4 2025.
- Quarterly Liabilities and Shareholders Equity fell 8.3% year-over-year to $731.9 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $3.1 billion (down 8.87% YoY) and the FY2025 annual result came in at $731.9 million, down 8.3% from the prior year.
- Liabilities and Shareholders Equity slipped to $731.9 million in Q4 2025 per ZH's latest filing, from $772.8 million in the prior quarter.
- Over five years, Liabilities and Shareholders Equity peaked at $1.4 billion in Q4 2021 and troughed at $731.9 million in Q4 2025.
- A 5-year average of $1.0 billion and a median of $1.0 billion in 2023 frame the typical range for Liabilities and Shareholders Equity.
- The sharpest annual moves came in 2021 and 2022: Liabilities and Shareholders Equity soared 142.65% in 2021, then declined 21.83% in 2022.
- Over 5 years, Liabilities and Shareholders Equity stood at $1.4 billion in 2021, then slipped by 21.83% to $1.1 billion in 2022, then dropped by 12.33% to $943.8 million in 2023, then retreated by 15.43% to $798.1 million in 2024, then declined by 8.3% to $731.9 million in 2025.
- According to Business Quant data, Liabilities and Shareholders Equity over the past three periods registered $731.9 million, $772.8 million, and $794.5 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Liabilities and Shareholders Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 921.98 Bn |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 449.96 Bn |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 15.98 Bn |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | 27.96 Bn |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 3.64 Bn | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | 6.24 Bn |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | 17.17 Bn |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | 4.76 Bn | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 4.03 Bn |
| 10 | Zhihu | 220.44 Mn | -357.04 Mn | - | 742.16 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 742.16 Mn |
| Mar 31, 2026 | 742.13 Mn |
| Dec 31, 2025 | 731.87 Mn |
| Sep 30, 2025 | 772.78 Mn |
| Jun 30, 2025 | 802.19 Mn |
| Mar 31, 2025 | 781.80 Mn |
| Dec 31, 2024 | 798.12 Mn |
| Sep 30, 2024 | 838.38 Mn |
| Jun 30, 2024 | 843.77 Mn |
| Mar 31, 2024 | 913.95 Mn |
| Dec 31, 2023 | 943.78 Mn |
| Sep 30, 2023 | 974.41 Mn |
| Jun 30, 2023 | 1.09 Bn |
| Mar 31, 2023 | 1.11 Bn |
| Dec 31, 2022 | 1.08 Bn |
| Sep 30, 2022 | 1.17 Bn |
| Jun 30, 2022 | 1.27 Bn |
| Mar 31, 2022 | 1.32 Bn |
| Dec 31, 2021 | 1.38 Bn |
| Sep 30, 2021 | 1.36 Bn |