Zkh (ZKH) Operating Expenses (2022 - 2026)

Zkh has reported Operating Expenses for 5 years, with the latest figure at -$23.3 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 7.56% year-over-year to -$23.3 million; the trailing twelve-month figure through Mar 2026 stood at -$101.7 million (up 8.07% YoY), and the FY2025 full-year result was $29.9 million, down 16.13% from the prior year.
• Operating Expenses for Q1 2026 stood at -$23.3 million, up from -$26.3 million in the prior quarter.
• The five-year high for Operating Expenses was -$20.6 million in Q4 2023, with the low at -$32.1 million in Q3 2024.
• Historically, Operating Expenses has averaged -$26.4 million across 5 years, with a median of -$26.2 million in 2024.
• Annual changes were most pronounced in 2023 — Operating Expenses increased 27.69% — and 2024, when it declined 27.15%.
• Zkh's Operating Expenses stood at -$28.5 million in 2022, then advanced by 27.69% to -$20.6 million in 2023, then decreased by 27.15% to -$26.2 million in 2024, then fell by 0.58% to -$26.3 million in 2025, then advanced by 11.52% to -$23.3 million in 2026.
• The last three Operating Expenses figures came in at -$23.3 million (Q1 2026), -$26.3 million (Q4 2025), and -$26.0 million (Q3 2025), per Business Quant data.