Zhihu (ZH) Receivables (2019 - 2026)

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.