Zhihu (ZH) Operating Leases (2021 - 2025)
Zhihu (ZH) posted Operating Leases of $2.2 million for Q4 2025, down 23.11% sequentially from $2.9 million in Q3 2025, and up 766.21% YoY from $253790.3 in Q4 2024.
Zhihu (ZH) Operating Leases (2021 - 2025) Analysis & Trends
Zhihu has reported Operating Leases for 5 years, with the latest figure at $2.2 million in Q4 2025.
- Quarterly Operating Leases rose 766.21% year-over-year to $2.2 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $2.2 million (up 766.21% YoY) and the FY2025 annual result came in at $2.2 million, up 792.0% from the prior year.
- Operating Leases retreated to $2.2 million in Q4 2025 per ZH's latest filing, from $2.9 million in the prior quarter.
- Over five years, Operating Leases peaked at $12.8 million in Q4 2021 and troughed at $253790.3 in Q4 2024.
- A 5-year average of $4.9 million and a median of $4.3 million in 2025 frame the typical range for Operating Leases.
- The sharpest annual moves came in 2023 and 2025: Operating Leases sank 93.42% in 2023, then jumped 1239.65% in 2025.
- Over 5 years, Operating Leases stood at $12.8 million in 2021, then sank by 52.53% to $6.1 million in 2022, then slumped by 91.7% to $505827.9 in 2023, then slumped by 49.83% to $253790.3 in 2024, then jumped by 766.21% to $2.2 million in 2025.
- According to Business Quant data, Operating Leases over the past three periods registered $2.2 million, $2.9 million, and $3.8 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,523.46 Bn | 1,433.20 Bn | 49.47 Bn |
| 3 | Taboola.com | 1,141.85 Bn | 1,141.71 Bn | 139.48 Mn |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | |
| 10 | Zhihu | 795.74 Mn | 320.56 Mn | 49.31 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 2.20 Mn |
| Sep 30, 2025 | 2.86 Mn |
| Jun 30, 2025 | 3.82 Mn |
| Mar 31, 2025 | 4.80 Mn |
| Dec 31, 2024 | 253,790.26 |
| Sep 30, 2024 | 375,000.00 |
| Jun 30, 2024 | 285,000.00 |
| Mar 31, 2024 | 396,000.00 |
| Dec 31, 2023 | 505,827.89 |
| Sep 30, 2023 | 501,000.00 |
| Jun 30, 2023 | 2.73 Mn |
| Mar 31, 2023 | 4.90 Mn |
| Dec 31, 2022 | 6.10 Mn |
| Sep 30, 2022 | 7.61 Mn |
| Jun 30, 2022 | 9.98 Mn |
| Mar 31, 2022 | 12.66 Mn |
| Dec 31, 2021 | 12.85 Mn |
| Sep 30, 2021 | 9.66 Mn |
| Jun 30, 2021 | 8.16 Mn |
| Mar 31, 2021 | 7.50 Mn |