Zkh (ZKH) Operating Expenses (2022 - 2026)

Zkh (ZKH) has 4 years of Operating Expenses data on file, last reported at -$26.3 million in Q4 2025.

• For the quarter ending Q4 2025, Operating Expenses fell 0.58% year-over-year to -$26.3 million; the trailing twelve-month figure through Dec 2025 stood at -$103.6 million (up 8.71% YoY), and the FY2025 full-year result was $29.9 million, down 16.13% from the prior year.
• Operating Expenses for Q4 2025 stood at -$26.3 million, down from -$26.0 million in the prior quarter.
• Across five years, Operating Expenses topped out at -$20.6 million in Q4 2023 and bottomed at -$32.1 million in Q3 2024.
• The 4-year median for Operating Expenses is -$26.3 million (2025), against an average of -$26.7 million.
• The widest annual swing landed in 2023, when Operating Expenses increased 27.69%; it then declined 27.15% in 2024.
• A 4-year view of Operating Expenses shows it stood at -$28.5 million in 2022, then climbed by 27.69% to -$20.6 million in 2023, then slipped by 27.15% to -$26.2 million in 2024, then retreated by 0.58% to -$26.3 million in 2025.
• The last three Operating Expenses figures came in at -$26.3 million (Q4 2025), -$26.0 million (Q3 2025), and -$26.1 million (Q2 2025), per Business Quant data.

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