Zkh (ZKH) EBITDA (2022 - 2026)
Zkh (ZKH) reported EBITDA of -$5.8 million for Q1 2026, up 39.18% on a YoY basis from -$4.2 million in Q1 2025, and down 163.39% quarter-over-quarter from -$2.2 million in Q4 2025.
Zkh (ZKH) EBITDA (2022 - 2026) Analysis & Trends
Zkh has reported EBITDA for 5 years, with the latest figure at -$5.8 million in Q1 2026.
- For the quarter ending Q1 2026, EBITDA rose 39.18% year-over-year to -$5.8 million; the trailing twelve-month figure through Mar 2026 stood at -$21.6 million (up 8.91% YoY), and the FY2025 full-year result was -$26.0 million, up 20.31% from the prior year.
- EBITDA for Q1 2026 stood at -$5.8 million, down from -$2.2 million in the prior quarter.
- The five-year high for EBITDA was $13.6 million in Q4 2023, with the low at -$30.1 million in Q2 2023.
- Historically, EBITDA has averaged -$8.1 million across 5 years, with a median of -$8.9 million in 2025.
- Annual changes were most pronounced in 2023 — EBITDA surged 190.78% — and 2025, when it sank 171.96%.
- Zkh's EBITDA stood at -$15.0 million in 2022, then soared by 190.78% to $13.6 million in 2023, then tumbled by 77.37% to $3.1 million in 2024, then plunged by 171.96% to -$2.2 million in 2025, then plunged by 163.39% to -$5.8 million in 2026.
- The last three EBITDA figures came in at -$5.8 million (Q1 2026), -$2.2 million (Q4 2025), and -$5.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | 23.85 Bn |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | 611.00 Mn |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | 194.00 Mn |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | 3.96 Bn |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | 611.00 Mn |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | -242.00 Mn |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | -5.83 Mn |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | -11.00 Mn |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | 182.00 Mn |
| 10 | Chewy | 7.37 Bn | 6.85 Bn | 1.01 Bn | 94.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -5.83 Mn |
| Dec 31, 2025 | -2.22 Mn |
| Sep 30, 2025 | -5.41 Mn |
| Jun 30, 2025 | -8.11 Mn |
| Mar 31, 2025 | -9.59 Mn |
| Dec 31, 2024 | 3.08 Mn |
| Sep 30, 2024 | -6.79 Mn |
| Jun 30, 2024 | -10.38 Mn |
| Mar 31, 2024 | -13.06 Mn |
| Dec 31, 2023 | 13.60 Mn |
| Sep 30, 2023 | -12.04 Mn |
| Jun 30, 2023 | -30.12 Mn |
| Mar 31, 2023 | -11.21 Mn |
| Dec 31, 2022 | -14.99 Mn |