Zkh (ZKH) Cost of Revenue (2022 - 2026)
Zkh's (ZKH) quarterly Cost of Revenue came in at $255.1 million in Q1 2026, up 15.47% YoY from $220.9 million in Q1 2025, and down 17.44% on a QoQ basis from $309.0 million in Q4 2025.
Analysis
Zkh (ZKH) Cost of Revenue (2022 - 2026) Analysis & Trends
Zkh (ZKH) has 5 years of Cost of Revenue data on file, last reported at $255.1 million in Q1 2026.
- Quarterly Cost of Revenue rose 15.47% year-over-year to $255.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.1 billion (up 7.11% YoY) and the FY2025 annual result came in at $1.1 billion, up 8.14% from the prior year.
- Cost of Revenue slipped to $255.1 million in Q1 2026, from $309.0 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $309.0 million in Q4 2025 to a low of $211.4 million in Q1 2024.
- A 5-year average of $258.1 million and a median of $259.5 million in 2023 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2024 — Cost of Revenue fell 10.06% — and 2026, when it rose 15.47%.
- Tracing ZKH's Cost of Revenue over 5 years: stood at $264.8 million in 2022, then increased by 7.8% to $285.5 million in 2023, then declined by 5.69% to $269.2 million in 2024, then advanced by 14.77% to $309.0 million in 2025, then slipped by 17.44% to $255.1 million in 2026.
- The last three Cost of Revenue figures came in at $255.1 million (Q1 2026), $309.0 million (Q4 2025), and $272.3 million (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,745.83 Bn | 2,622.84 Bn | 198.88 Bn | 183.24 Bn |
| 2 | PDD Holdings | 116.28 Bn | -48,010.13 Bn | 9.45 Bn | 7.08 Bn |
| 3 | DoorDash | 98.99 Bn | 93.65 Bn | 2.35 Bn | 2.11 Bn |
| 4 | Mercadolibre | 98.82 Bn | 83.62 Bn | 4.16 Bn | 6.01 Bn |
| 5 | Sea | 67.42 Bn | 59.02 Bn | 3.55 Bn | 622.96 Mn |
| 6 | Ebay | 46.87 Bn | 43.56 Bn | 2.30 Bn | 832.00 Mn |
| 7 | JD.com | 39.64 Bn | 7.09 Bn | 16.50 Bn | 81.03 Bn |
| 8 | Coupang | 28.32 Bn | 22.21 Bn | 2.49 Bn | 6.36 Bn |
| 9 | Wayfair | 12.41 Bn | 11.27 Bn | 1.05 Bn | 2.47 Bn |
| 10 | Zkh | 556.29 Mn | 316.23 Mn | 63.09 Mn | 296.85 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 296.85 Mn |
| Jun 30, 2026 | 296.85 Mn |
| Mar 31, 2026 | 255.12 Mn |
| Mar 31, 2026 | 255.12 Mn |
| Dec 31, 2025 | 309.00 Mn |
| Dec 31, 2025 | 309.00 Mn |
| Sep 30, 2025 | 272.25 Mn |
| Sep 30, 2025 | 272.25 Mn |
| Jun 30, 2025 | 252.64 Mn |
| Jun 30, 2025 | 252.64 Mn |
| Mar 31, 2025 | 220.93 Mn |
| Mar 31, 2025 | 220.93 Mn |
| Dec 31, 2024 | 269.24 Mn |
| Dec 31, 2024 | 269.24 Mn |
| Sep 30, 2024 | 269.65 Mn |
| Sep 30, 2024 | 269.65 Mn |
| Jun 30, 2024 | 256.91 Mn |
| Jun 30, 2024 | 256.91 Mn |
| Mar 31, 2024 | 211.40 Mn |
| Mar 31, 2024 | 211.40 Mn |