Zhihu (ZH) Total Liabilities (2019 - 2025)

Zhihu's (ZH) quarterly Total Liabilities came in at $185.5 million in Q4 2025, down 13.31% year-on-year from $214.0 million in Q4 2024, and down 4.29% quarter-over-quarter from $193.8 million in Q3 2025.

Zhihu (ZH) Total Liabilities (2019 - 2025) Analysis & Trends

Zhihu has disclosed Total Liabilities across 7 years of filings, most recently posting $185.5 million for Q4 2025.

  • Total Liabilities for Q4 2025 came in at $185.5 million, down 13.31% year-over-year; the trailing twelve-month figure through Dec 2025 was $185.5 million (down 13.31% YoY), and the FY2025 annual result was $188.2 million, down 10.66% from the prior year.
  • Total Liabilities came in at $185.5 million for Q4 2025 at Zhihu, down from $193.8 million in the prior quarter.
  • In the past five years, Total Liabilities ranged from a high of $340.3 million in Q2 2022 to a low of $185.5 million in Q4 2025.
  • The 5-year median for Total Liabilities is $271.5 million (2021), against an average of $260.3 million.
  • Across the five-year window, Total Liabilities surged 111.18% in 2021 and declined 26.4% in 2024, its largest moves.
  • Zhihu's Total Liabilities stood at $323.3 million in 2021, then retreated by 14.67% to $275.9 million in 2022, then advanced by 5.41% to $290.8 million in 2023, then slipped by 26.4% to $214.0 million in 2024, then slipped by 13.31% to $185.5 million in 2025.
  • The last three Total Liabilities figures came in at $185.5 million (Q4 2025), $193.8 million (Q3 2025), and $214.8 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Liabilities (Qtr)
1 Nebius 1,913,603.98 Bn 1,913,603.98 Bn 295.20 Mn 15.06 Bn
2 Alphabet 4,425.33 Bn 4,209.71 Bn 102.29 Bn 225.17 Bn
3 Meta Platforms 1,502.66 Bn 1,421.48 Bn 46.09 Bn 151.57 Bn
4 Spotify Technology 119.69 Bn 109.44 Bn 1.75 Bn 5.99 Bn
5 Reddit 33.22 Bn 30.45 Bn 511.94 Mn 304.57 Mn
6 Pinterest 13.64 Bn 12.34 Bn 768.96 Mn 1.79 Bn
7 Kanzhun 13.02 Bn 10.92 Bn 255.62 Bn 738.28 Mn
8 Snap 9.72 Bn 6.90 Bn 1.29 Bn 5.42 Bn
9 Zillow 8.26 Bn 7.48 Bn 519.00 Mn 818.00 Mn
10 Zhihu 105.93 Mn -359.25 Mn 49.31 Bn 185.52 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 185.52 Mn
Sep 30, 2025 193.84 Mn
Jun 30, 2025 214.83 Mn
Mar 31, 2025 209.97 Mn
Dec 31, 2024 214.01 Mn
Sep 30, 2024 237.05 Mn
Jun 30, 2024 235.03 Mn
Mar 31, 2024 280.85 Mn
Dec 31, 2023 290.78 Mn
Sep 30, 2023 283.22 Mn
Jun 30, 2023 315.55 Mn
Mar 31, 2023 302.15 Mn
Dec 31, 2022 275.86 Mn
Sep 30, 2022 289.91 Mn
Jun 30, 2022 340.33 Mn
Mar 31, 2022 322.39 Mn
Dec 31, 2021 323.30 Mn
Sep 30, 2021 267.20 Mn
Jun 30, 2021 228.59 Mn
Mar 31, 2021 195.86 Mn