Zhihu (ZHIHF) Receivables (2019 - 2025)

Zhihu's Receivables history runs 7 years deep, the most recent figure standing at $51.3 million for Q4 2025.

• In Q4 2025, Receivables fell 17.03% year-over-year to $51.3 million; the TTM figure through Dec 2025 stood at $51.3 million (down 17.03% YoY), while the FY2025 annual figure was $51.3 million, down 18.96% from the prior year.
• Receivables came in at $51.3 million for Q4 2025 at Zhihu, up from $45.8 million in the prior quarter.
• In the past five years, Receivables ranged from a high of $193.3 million in Q4 2021 to a low of $45.8 million in Q3 2025.
• A 5-year average of $93.0 million and a median of $88.1 million in 2021 frame the typical range for Receivables.
• Across the five-year window, Receivables surged 156.31% in 2021 and slumped 45.53% in 2024, its largest moves.
• Zhihu's Receivables stood at $193.3 million in 2021, then plunged by 30.77% to $133.8 million in 2022, then fell by 15.16% to $113.5 million in 2023, then slumped by 45.53% to $61.8 million in 2024, then fell by 17.03% to $51.3 million in 2025.
• According to Business Quant data, Receivables over the past three periods registered $51.3 million, $45.8 million, and $49.8 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

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