ZKH Group Ltd (ZKH) Cost of Revenue (2022 - 2026)

Zkh (ZKH) has reported Cost of Revenue for 5 consecutive years, with $20.0 million the latest figure, recorded in Q1 2026.

• Cost of Revenue for Q1 2026 came in at $20.0 million, up 5.82% year-over-year; the trailing twelve-month figure through Mar 2026 was $83.2 million (down 2.48% YoY), and the FY2025 annual result was $83.7 million, down 4.81% from the prior year.
• Cost of Revenue was $20.0 million for Q1 2026 at Zkh, down from $21.9 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $26.3 million in Q1 2023 and troughed at $18.9 million in Q1 2025.
• Average Cost of Revenue over 5 years is $22.4 million, with a median of $22.3 million recorded in 2024.
• Year-over-year, Cost of Revenue declined 17.04% in 2025 and climbed 5.82% in 2026.
• Over 5 years, Cost of Revenue stood at $23.2 million in 2022, then climbed by 3.38% to $23.9 million in 2023, then declined by 13.3% to $20.8 million in 2024, then climbed by 5.34% to $21.9 million in 2025, then decreased by 8.77% to $20.0 million in 2026.
• Per Business Quant data, the three most recent Cost of Revenue figures were $20.0 million in Q1 2026, $21.9 million in Q4 2025, and $20.5 million in Q3 2025.