Zhihu (ZHIHF) Receivables - Net (2019 - 2025)

Zhihu's Receivables - Net history runs 7 years deep, the most recent figure standing at $50.5 million for Q4 2025.

• In Q4 2025, Receivables - Net fell 13.8% year-over-year to $50.5 million; the TTM figure through Dec 2025 stood at $50.5 million (down 13.8% YoY), while the FY2025 annual figure was $51.2 million, down 11.16% from the prior year.
• Receivables - Net came in at $50.5 million for Q4 2025 at Zhihu, up from $45.8 million in the prior quarter.
• In the past five years, Receivables - Net ranged from a high of $139.2 million in Q4 2021 to a low of $45.8 million in Q3 2025.
• A 5-year average of $89.8 million and a median of $88.1 million in 2021 frame the typical range for Receivables - Net.
• Across the five-year window, Receivables - Net jumped 89.85% in 2021 and plunged 46.45% in 2024, its largest moves.
• Zhihu's Receivables - Net stood at $139.2 million in 2021, then fell by 6.38% to $130.4 million in 2022, then retreated by 16.12% to $109.3 million in 2023, then slumped by 46.45% to $58.6 million in 2024, then retreated by 13.8% to $50.5 million in 2025.
• According to Business Quant data, Receivables - Net over the past three periods registered $50.5 million, $45.8 million, and $49.8 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

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