Baozun (BZUN) Research & Development (2014 - 2026)

Baozun's Research & Development history runs 13 years deep, the most recent figure standing at -$18.1 million for Q1 2026.

• In Q1 2026, Research & Development fell 12.92% year-over-year to -$18.1 million; the TTM figure through Mar 2026 stood at -$67.0 million (up 9.49% YoY), while the FY2025 annual figure was $66.2 million, down 12.14% from the prior year.
• Research & Development was -$18.1 million for Q1 2026 at Baozun, down from -$16.7 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of -$13.8 million in Q3 2022 to a low of -$20.1 million in Q4 2024.
• Historically, Research & Development has averaged -$17.3 million across 5 years, with a median of -$16.7 million in 2023.
• The sharpest annual moves came in 2022 and 2023: Research & Development gained 21.86% in 2022, then retreated 21.96% in 2023.
• A 5-year view of Research & Development shows it stood at -$16.3 million in 2022, then declined by 21.96% to -$19.8 million in 2023, then slipped by 1.28% to -$20.1 million in 2024, then gained by 16.75% to -$16.7 million in 2025, then decreased by 8.21% to -$18.1 million in 2026.
• The last three Research & Development figures came in at -$18.1 million (Q1 2026), -$16.7 million (Q4 2025), and -$16.2 million (Q3 2025), per Business Quant data.