Baozun (BZUN) Research & Development (2014 - 2026)
Baozun (BZUN) posted quarterly Research & Development of -$18.1 million for Q1 2026, down 12.92% year-over-year from -$20.8 million in Q1 2025, and down 8.21% quarter-over-quarter from -$16.7 million in Q4 2025.
Baozun (BZUN) Research & Development (2014 - 2026) Analysis & Trends
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 for Q1 2026 stood at -$18.1 million, down from -$16.7 million in the prior quarter.
- The five-year high for Research & Development was -$13.8 million in Q3 2022, with the low at -$20.1 million in Q4 2024.
- The 5-year median for Research & Development is -$16.7 million (2023), against an average of -$17.3 million.
- The sharpest annual moves came in 2022 and 2023: Research & Development rose 21.86% in 2022, then fell 21.96% in 2023.
- Baozun's Research & Development stood at -$16.3 million in 2022, then dropped by 21.96% to -$19.8 million in 2023, then decreased by 1.28% to -$20.1 million in 2024, then rose by 16.75% to -$16.7 million in 2025, then retreated by 8.21% to -$18.1 million in 2026.
- Business Quant data shows BZUN's Research & Development at -$18.1 million in Q1 2026, -$16.7 million in Q4 2025, and -$16.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,931.81 Bn | 2,808.82 Bn | 198.88 Bn | 62.73 Bn |
| 2 | PDD Holdings | 507.01 Bn | 447.47 Bn | 9.83 Bn | -714.26 Mn |
| 3 | Mercadolibre | 98.28 Bn | 83.09 Bn | 4.16 Bn | 1.13 Bn |
| 4 | DoorDash | 92.43 Bn | 87.08 Bn | 2.35 Bn | 821.00 Mn |
| 5 | JD.com | 87.46 Bn | 58.28 Bn | 7.66 Bn | -995.00 Mn |
| 6 | Sea | 77.90 Bn | 69.38 Bn | 3.15 Bn | -1.41 Bn |
| 7 | Ebay | 47.21 Bn | 43.91 Bn | 2.30 Bn | 697.00 Mn |
| 8 | Coupang | 29.73 Bn | 23.62 Bn | 2.49 Bn | - |
| 9 | Zkh | 16.37 Bn | 16.37 Bn | 51.11 Mn | -4.25 Mn |
| 10 | Baozun | 509.00 Mn | 90.81 Mn | 243.45 Mn | -18.09 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -18.09 Mn |
| Dec 31, 2025 | -16.72 Mn |
| Sep 30, 2025 | -16.18 Mn |
| Jun 30, 2025 | -16.01 Mn |
| Mar 31, 2025 | -16.02 Mn |
| Dec 31, 2024 | -20.08 Mn |
| Sep 30, 2024 | -20.05 Mn |
| Jun 30, 2024 | -17.86 Mn |
| Mar 31, 2024 | -18.45 Mn |
| Dec 31, 2023 | -19.83 Mn |
| Sep 30, 2023 | -16.50 Mn |
| Jun 30, 2023 | -17.81 Mn |
| Mar 31, 2023 | -16.73 Mn |
| Dec 31, 2022 | -16.26 Mn |
| Sep 30, 2022 | -13.82 Mn |
| Jun 30, 2022 | -16.76 Mn |
| Mar 31, 2022 | -16.61 Mn |
| Dec 31, 2021 | -19.78 Mn |
| Sep 30, 2021 | -17.68 Mn |
| Jun 30, 2021 | -17.88 Mn |