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
DateValue
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