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.
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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,958.57 Bn | 2,835.58 Bn | 198.88 Bn | 183.24 Bn |
| 2 | PDD Holdings | 505.31 Bn | 445.77 Bn | 9.83 Bn | 7.89 Bn |
| 3 | Mercadolibre | 95.46 Bn | 80.27 Bn | 4.16 Bn | 6.01 Bn |
| 4 | DoorDash | 92.19 Bn | 86.84 Bn | 2.35 Bn | 2.11 Bn |
| 5 | JD.com | 87.36 Bn | 58.18 Bn | 7.66 Bn | 38.08 Bn |
| 6 | Sea | 76.47 Bn | 67.95 Bn | 3.15 Bn | 587.04 Mn |
| 7 | Ebay | 47.30 Bn | 43.99 Bn | 2.30 Bn | 832.00 Mn |
| 8 | Coupang | 29.41 Bn | 23.30 Bn | 2.49 Bn | 6.36 Bn |
| 9 | Zkh | 15.80 Bn | 15.80 Bn | 51.11 Mn | 255.12 Mn |
| 10 | Wayfair | 13.96 Bn | 12.82 Bn | 1.05 Bn | 2.47 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2023 | 285.47 Mn |
| Dec 31, 2023 | 285.47 Mn |