Zhihu (ZH) Receivables (2019 - 2025)
Zhihu (ZH) posted Receivables of $51.3 million for Q4 2025, up 4.35% sequentially from $49.2 million in Q3 2025, and down 37.71% YoY from $82.4 million in Q4 2024.
Zhihu (ZH) Receivables (2019 - 2025) Analysis & Trends
Zhihu has reported Receivables for 7 years, with the latest figure at $51.3 million in Q4 2025.
- Quarterly Receivables fell 37.71% year-over-year to $51.3 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $51.3 million (down 37.71% YoY) and the FY2025 annual result came in at $66.8 million, down 18.94% from the prior year.
- Receivables advanced to $51.3 million in Q4 2025 per ZH's latest filing, from $49.2 million in the prior quarter.
- Over five years, Receivables peaked at $142.1 million in Q4 2021 and troughed at $49.2 million in Q3 2025.
- A 5-year average of $94.0 million and a median of $93.1 million in 2021 frame the typical range for Receivables.
- The sharpest annual moves came in 2021 and 2025: Receivables surged 88.36% in 2021, then tumbled 37.71% in 2025.
- Over 5 years, Receivables stood at $142.1 million in 2021, then dropped by 14.99% to $120.8 million in 2022, then decreased by 5.99% to $113.5 million in 2023, then decreased by 27.44% to $82.4 million in 2024, then sank by 37.71% to $51.3 million in 2025.
- According to Business Quant data, Receivables over the past three periods registered $51.3 million, $49.2 million, and $52.2 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 Bn | 69.18 Bn |
| 2 | Meta Platforms | 1,523.46 Bn | 1,433.20 Bn | 49.47 Bn | 21.75 Bn |
| 3 | Taboola.com | 1,141.85 Bn | 1,141.71 Bn | 139.48 Mn | 316.74 Mn |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn | 2.05 Bn |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn | 799.62 Mn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn | 287.16 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 996,938.00 |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn | 0.90 |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | 650.10 Mn | |
| 10 | Zhihu | 795.74 Mn | 320.56 Mn | 49.31 Bn | 66.78 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 51.32 Mn |
| Sep 30, 2025 | 49.18 Mn |
| Jun 30, 2025 | 52.20 Mn |
| Mar 31, 2025 | 65.01 Mn |
| Dec 31, 2024 | 82.39 Mn |
| Sep 30, 2024 | 68.90 Mn |
| Jun 30, 2024 | 79.01 Mn |
| Mar 31, 2024 | 92.73 Mn |
| Dec 31, 2023 | 113.55 Mn |
| Sep 30, 2023 | 87.32 Mn |
| Jun 30, 2023 | 104.96 Mn |
| Mar 31, 2023 | 113.65 Mn |
| Dec 31, 2022 | 120.79 Mn |
| Sep 30, 2022 | 108.64 Mn |
| Jun 30, 2022 | 132.15 Mn |
| Mar 31, 2022 | 134.01 Mn |
| Dec 31, 2021 | 142.08 Mn |
| Sep 30, 2021 | 111.40 Mn |
| Jun 30, 2021 | 93.38 Mn |
| Mar 31, 2021 | 77.08 Mn |