Zhihu (ZH) Receivables - Net (2019 - 2025)
Zhihu (ZH) posted Receivables - Net of $50.5 million for Q4 2025, up 10.13% sequentially from $45.8 million in Q3 2025, and down 36.19% YoY from $79.1 million in Q4 2024.
Zhihu (ZH) Receivables - Net (2019 - 2025) Analysis & Trends
Zhihu has reported Receivables - Net for 7 years, with the latest figure at $50.5 million in Q4 2025.
- Quarterly Receivables - Net fell 36.19% year-over-year to $50.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $50.5 million (down 36.19% YoY) and the FY2025 annual result came in at $51.2 million, down 11.16% from the prior year.
- Receivables - Net advanced to $50.5 million in Q4 2025 per ZH's latest filing, from $45.8 million in the prior quarter.
- Over five years, Receivables - Net peaked at $139.2 million in Q4 2021 and troughed at $45.8 million in Q3 2025.
- A 5-year average of $90.1 million and a median of $88.1 million in 2021 frame the typical range for Receivables - Net.
- The sharpest annual moves came in 2021 and 2025: Receivables - Net surged 89.85% in 2021, then slumped 36.19% in 2025.
- Over 5 years, Receivables - Net stood at $139.2 million in 2021, then declined by 15.76% to $117.3 million in 2022, then retreated by 6.78% to $109.3 million in 2023, then slipped by 27.66% to $79.1 million in 2024, then plunged by 36.19% to $50.5 million in 2025.
- According to Business Quant data, Receivables - Net over the past three periods registered $50.5 million, $45.8 million, and $49.8 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,523.46 Bn | 1,433.20 Bn | 49.47 Bn |
| 3 | Taboola.com | 1,141.85 Bn | 1,141.71 Bn | 139.48 Mn |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | |
| 10 | Zhihu | 795.74 Mn | 320.56 Mn | 49.31 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 50.48 Mn |
| Dec 31, 2025 | 50.48 Mn |
| Sep 30, 2025 | 45.83 Mn |
| Sep 30, 2025 | 45.83 Mn |
| Jun 30, 2025 | 49.79 Mn |
| Jun 30, 2025 | 49.79 Mn |
| Mar 31, 2025 | 59.15 Mn |
| Mar 31, 2025 | 59.15 Mn |
| Dec 31, 2024 | 79.10 Mn |
| Dec 31, 2024 | 79.10 Mn |
| Sep 30, 2024 | 63.45 Mn |
| Sep 30, 2024 | 63.45 Mn |
| Jun 30, 2024 | 73.33 Mn |
| Jun 30, 2024 | 73.33 Mn |
| Mar 31, 2024 | 88.39 Mn |
| Mar 31, 2024 | 88.39 Mn |
| Dec 31, 2023 | 109.35 Mn |
| Dec 31, 2023 | 109.35 Mn |
| Sep 30, 2023 | 85.56 Mn |
| Sep 30, 2023 | 85.56 Mn |