Zhihu (ZH) Operating Leases (2021 - 2025)

Zhihu has disclosed Operating Leases across 5 years of filings, most recently posting $2.2 million for Q4 2025.

• Operating Leases for Q4 2025 came in at $2.2 million, up 766.21% year-over-year; the trailing twelve-month figure through Dec 2025 was $2.2 million (up 766.21% YoY), and the FY2025 annual result was $2.2 million, up 792.0% from the prior year.
• Operating Leases came in at $2.2 million for Q4 2025 at Zhihu, down from $2.9 million in the prior quarter.
• In the past five years, Operating Leases ranged from a high of $12.8 million in Q4 2021 to a low of $253790.3 in Q4 2024.
• The 5-year median for Operating Leases is $4.3 million (2025), against an average of $4.9 million.
• Across the five-year window, Operating Leases sank 93.42% in 2023 and surged 1239.65% in 2025, its largest moves.
• Zhihu's 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 surged by 766.21% to $2.2 million in 2025.
• The last three Operating Leases figures came in at $2.2 million (Q4 2025), $2.9 million (Q3 2025), and $3.8 million (Q2 2025), per Business Quant data.