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

Baozun (BZUN) has reported Research & Development for 13 consecutive years, with -$18.1 million the latest figure, recorded in 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 came in at -$18.1 million for Q1 2026 at Baozun, 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.
• Average Research & Development over 5 years is -$17.3 million, with a median of -$16.7 million recorded in 2023.
• Across the five-year window, Research & Development grew 21.86% in 2022 and dropped 21.96% in 2023, its largest moves.
• Year by year, Research & Development stood at -$16.3 million in 2022, then decreased by 21.96% to -$19.8 million in 2023, then fell by 1.28% to -$20.1 million in 2024, then grew by 16.75% to -$16.7 million in 2025, then declined by 8.21% to -$18.1 million in 2026.
• According to Business Quant data, Research & Development over the past three periods registered -$18.1 million, -$16.7 million, and -$16.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.