Zhihu (ZH) Payables (2019 - 2026)

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.