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 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.