Zhihu (ZHIHF) Operating Leases (2021 - 2025)

Zhihu's Operating Leases history runs 5 years deep, the most recent figure standing at $2.2 million for Q4 2025.

• In Q4 2025, Operating Leases rose 766.21% year-over-year to $2.2 million; the TTM figure through Dec 2025 stood at $2.2 million (up 766.21% YoY), while the FY2025 annual figure was $2.2 million, up 792.0% from the prior year.
• Operating Leases came in at $2.2 million for Q4 2025 at Zhihu, down from $2.9 million in the prior quarter.
• In the past five years, Operating Leases ranged from a high of $12.8 million in Q4 2021 to a low of $253790.3 in Q4 2024.
• A 5-year average of $4.9 million and a median of $4.3 million in 2025 frame the typical range for Operating Leases.
• Across the five-year window, Operating Leases plunged 93.42% in 2023 and soared 1239.65% in 2025, its largest moves.
• Zhihu's Operating Leases stood at $12.8 million in 2021, then plunged by 52.53% to $6.1 million in 2022, then sank by 91.7% to $505827.9 in 2023, then sank by 49.83% to $253790.3 in 2024, then soared by 766.21% to $2.2 million in 2025.
• According to Business Quant data, Operating Leases over the past three periods registered $2.2 million, $2.9 million, and $3.8 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

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