Zhihu (ZHIHF) Payables (2019 - 2025)

Zhihu's Payables history runs 7 years deep, the most recent figure standing at $101.0 million for Q4 2025.

• In Q4 2025, Payables fell 13.19% year-over-year to $101.0 million; the TTM figure through Dec 2025 stood at $101.0 million (down 13.19% YoY), while the FY2025 annual figure was $101.0 million, down 11.79% from the prior year.
• Payables came in at $101.0 million for Q4 2025 at Zhihu, down from $110.9 million in the prior quarter.
• In the past five years, Payables ranged from a high of $184.0 million in Q2 2022 to a low of $101.0 million in Q4 2025.
• A 5-year average of $134.2 million and a median of $130.8 million in 2023 frame the typical range for Payables.
• Across the five-year window, Payables surged 112.03% in 2021 and fell 22.66% in 2025, its largest moves.
• Zhihu's Payables stood at $160.6 million in 2021, then retreated by 19.77% to $128.8 million in 2022, then rose by 11.98% to $144.2 million in 2023, then dropped by 19.34% to $116.3 million in 2024, then decreased by 13.19% to $101.0 million in 2025.
• According to Business Quant data, Payables over the past three periods registered $101.0 million, $110.9 million, and $128.1 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

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