Zhihu (ZH) Payables (2020 - 2025)

Zhihu has disclosed Payables across 6 years of filings, most recently posting $101.0 million for Q4 2025.

• Payables for Q4 2025 came in at $101.0 million, down 13.19% year-over-year; the trailing twelve-month figure through Dec 2025 was $101.0 million (down 13.19% YoY), and the FY2025 annual result was $101.0 million, down 11.79% from the prior year.
• Payables came in at $101.0 million for Q4 2025 at Zhihu, up from $14.8 million in the prior quarter.
• In the past five years, Payables ranged from a high of $160.6 million in Q4 2021 to a low of $7.1 million in Q2 2024.
• The 5-year median for Payables is $61.8 million (2025), against an average of $71.0 million.
• Across the five-year window, Payables dropped 19.77% in 2022 and jumped 216.06% in 2025, its largest moves.
• Zhihu's Payables stood at $160.6 million in 2021, then fell by 19.77% to $128.8 million in 2022, then increased by 11.98% to $144.2 million in 2023, then slipped by 19.34% to $116.3 million in 2024, then retreated by 13.19% to $101.0 million in 2025.
• The last three Payables figures came in at $101.0 million (Q4 2025), $14.8 million (Q3 2025), and $22.5 million (Q2 2025), per Business Quant data.