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 | 33.22 Bn | 30.45 Bn | 511.94 Mn | 304.57 Mn | |
| 6 | 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| 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 |