Zkh (ZKH) Change in Working Capital (2022 - 2026)
Zkh (ZKH) reported Change in Working Capital of $981000.0 for Q1 2026, up 108.72% on a YoY basis from $470000.0 in Q1 2025, and down 72.26% quarter-over-quarter from $3.5 million in Q4 2025.
Zkh (ZKH) Change in Working Capital (2022 - 2026) Analysis & Trends
Zkh has reported Change in Working Capital for 5 years, with the latest figure at $981000.0 in Q1 2026.
- For the quarter ending Q1 2026, Change in Working Capital rose 108.72% year-over-year to $981000.0; the trailing twelve-month figure through Mar 2026 stood at $5.5 million (up 925.88% YoY), and the FY2025 full-year result was $5.1 million, up 40.03% from the prior year.
- Change in Working Capital for Q1 2026 stood at $981000.0, down from $3.5 million in the prior quarter.
- The five-year high for Change in Working Capital was $6.0 million in Q1 2023, with the low at -$2.8 million in Q2 2023.
- Historically, Change in Working Capital has averaged $1.4 million across 5 years, with a median of $1.1 million in 2025.
- Annual changes were most pronounced in 2024 — Change in Working Capital plunged 133.24% — and 2025, when it soared 427.1%.
- Zkh's Change in Working Capital stood at $754481.5 in 2022, then surged by 331.02% to $3.3 million in 2023, then sank by 133.24% to -$1.1 million in 2024, then soared by 427.1% to $3.5 million in 2025, then plunged by 72.26% to $981000.0 in 2026.
- The last three Change in Working Capital figures came in at $981000.0 (Q1 2026), $3.5 million (Q4 2025), and -$202000.0 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Working Capital (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | - |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | - |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | - |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | - |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | - |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | - |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | 981,000.00 |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | - |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | - |
| 10 | Chewy | 7.37 Bn | 6.85 Bn | 1.01 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 981,000.00 |
| Mar 31, 2026 | 981,000.00 |
| Dec 31, 2025 | 3.54 Mn |
| Dec 31, 2025 | 3.54 Mn |
| Sep 30, 2025 | -202,000.00 |
| Sep 30, 2025 | -202,000.00 |
| Jun 30, 2025 | 1.24 Mn |
| Jun 30, 2025 | 1.24 Mn |
| Mar 31, 2025 | 470,000.00 |
| Mar 31, 2025 | 470,000.00 |
| Dec 31, 2024 | -1.08 Mn |
| Dec 31, 2024 | -1.08 Mn |
| Sep 30, 2024 | 1.69 Mn |
| Sep 30, 2024 | 1.69 Mn |
| Jun 30, 2024 | -541,000.00 |
| Jun 30, 2024 | -541,000.00 |
| Mar 31, 2024 | 3.66 Mn |
| Mar 31, 2024 | 3.66 Mn |
| Dec 31, 2023 | 3.25 Mn |
| Dec 31, 2023 | 3.25 Mn |