Zhihu (ZH) Receivables - Net (2019 - 2025)

Zhihu has disclosed Receivables - Net across 7 years of filings, most recently posting $65.9 million for Q4 2025.

• Receivables - Net for Q4 2025 came in at $65.9 million, down 16.64% year-over-year; the trailing twelve-month figure through Dec 2025 was $65.9 million (down 16.64% YoY), and the FY2025 annual result was $51.2 million, down 11.16% from the prior year.
• Receivables - Net came in at $65.9 million for Q4 2025 at Zhihu, up from $45.8 million in the prior quarter.
• In the past five years, Receivables - Net ranged from a high of $130.1 million in Q4 2021 to a low of $45.8 million in Q3 2025.
• The 5-year median for Receivables - Net is $88.1 million (2021), against an average of $89.6 million.
• Across the five-year window, Receivables - Net surged 77.36% in 2021 and tumbled 33.09% in 2025, its largest moves.
• Zhihu's Receivables - Net stood at $130.1 million in 2021, then decreased by 9.82% to $117.3 million in 2022, then fell by 21.31% to $92.3 million in 2023, then dropped by 14.3% to $79.1 million in 2024, then decreased by 16.64% to $65.9 million in 2025.
• The last three Receivables - Net figures came in at $65.9 million (Q4 2025), $45.8 million (Q3 2025), and $49.8 million (Q2 2025), per Business Quant data.