Zhihu (ZH) Payables (2019 - 2025)
Zhihu (ZH) posted Payables of $101.0 million for Q4 2025, down 8.97% sequentially from $110.9 million in Q3 2025, and down 13.19% YoY from $116.3 million in Q4 2024.
Zhihu (ZH) Payables (2019 - 2025) Analysis & Trends
Zhihu has reported Payables for 7 years, with the latest figure at $101.0 million in Q4 2025.
- Quarterly Payables fell 13.19% year-over-year to $101.0 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $101.0 million (down 13.19% YoY) and the FY2025 annual result came in at $101.0 million, down 13.19% from the prior year.
- Payables retreated to $101.0 million in Q4 2025 per ZH's latest filing, from $110.9 million in the prior quarter.
- Over five years, Payables peaked at $184.0 million in Q2 2022 and troughed at $91.8 million in Q1 2021.
- A 5-year average of $132.4 million and a median of $130.3 million in 2022 frame the typical range for Payables.
- The sharpest annual moves came in 2021 and 2025: Payables soared 112.03% in 2021, then retreated 22.66% in 2025.
- Over 5 years, Payables stood at $160.6 million in 2021, then decreased by 19.77% to $128.8 million in 2022, then gained by 11.98% to $144.2 million in 2023, then declined by 19.34% to $116.3 million in 2024, then slipped by 13.19% to $101.0 million in 2025.
- According to Business Quant data, Payables over the past three periods registered $101.0 million, $110.9 million, and $126.9 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 Bn | 20.26 Bn |
| 2 | Meta Platforms | 1,523.46 Bn | 1,433.20 Bn | 49.47 Bn | 15.89 Bn |
| 3 | Taboola.com | 1,141.85 Bn | 1,141.71 Bn | 139.48 Mn | 275.95 Mn |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn | 6.27 Bn |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn | 1.48 Bn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn | 109.04 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 66,341.00 |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn | 621.70 Mn |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | 89.14 Mn | |
| 10 | Zhihu | 795.74 Mn | 320.56 Mn | 49.31 Bn | 100.99 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 100.99 Mn |
| Sep 30, 2025 | 110.94 Mn |
| Jun 30, 2025 | 126.88 Mn |
| Mar 31, 2025 | 109.68 Mn |
| Dec 31, 2024 | 116.34 Mn |
| Sep 30, 2024 | 131.90 Mn |
| Jun 30, 2024 | 132.79 Mn |
| Mar 31, 2024 | 141.82 Mn |
| Dec 31, 2023 | 144.24 Mn |
| Sep 30, 2023 | 130.77 Mn |
| Jun 30, 2023 | 156.76 Mn |
| Mar 31, 2023 | 146.39 Mn |
| Dec 31, 2022 | 128.81 Mn |
| Sep 30, 2022 | 129.75 Mn |
| Jun 30, 2022 | 183.98 Mn |
| Mar 31, 2022 | 161.22 Mn |
| Dec 31, 2021 | 160.56 Mn |
| Sep 30, 2021 | 125.35 Mn |
| Jun 30, 2021 | 116.85 Mn |
| Mar 31, 2021 | 91.79 Mn |