Zhihu (ZH) Total Liabilities (2019 - 2025)
Zhihu (ZH) posted Total Liabilities of $185.5 million for Q4 2025, down 4.29% sequentially from $193.8 million in Q3 2025, and down 13.31% YoY from $214.0 million in Q4 2024.
Zhihu (ZH) Total Liabilities (2019 - 2025) Analysis & Trends
Zhihu has reported Total Liabilities for 7 years, with the latest figure at $185.5 million in Q4 2025.
- Quarterly Total Liabilities fell 13.31% year-over-year to $185.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $185.5 million (down 13.31% YoY) and the FY2025 annual result came in at $188.2 million, down 10.66% from the prior year.
- Total Liabilities fell to $185.5 million in Q4 2025 per ZH's latest filing, from $193.8 million in the prior quarter.
- Over five years, Total Liabilities peaked at $340.3 million in Q2 2022 and troughed at $185.5 million in Q4 2025.
- A 5-year average of $260.3 million and a median of $271.5 million in 2021 frame the typical range for Total Liabilities.
- The sharpest annual moves came in 2021 and 2024: Total Liabilities jumped 111.18% in 2021, then retreated 26.4% in 2024.
- Over 5 years, Total Liabilities stood at $323.3 million in 2021, then slipped by 14.67% to $275.9 million in 2022, then grew by 5.41% to $290.8 million in 2023, then declined by 26.4% to $214.0 million in 2024, then declined by 13.31% to $185.5 million in 2025.
- According to Business Quant data, Total Liabilities over the past three periods registered $185.5 million, $193.8 million, and $214.8 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 Bn | 281.50 Bn |
| 2 | Meta Platforms | 1,523.46 Bn | 1,433.20 Bn | 49.47 Bn | 188.74 Bn |
| 3 | Taboola.com | 1,141.85 Bn | 1,141.71 Bn | 139.48 Mn | 1.55 Bn |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn | 22.79 Bn |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn | 5.99 Bn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn | 950.46 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 226,055.00 |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn | 15.06 Bn |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | 350.91 Mn | |
| 10 | Zhihu | 795.74 Mn | 320.56 Mn | 49.31 Bn | 185.52 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |