ZKH Group Ltd (ZKH) Operating Expenses (2022 - 2026)

Zkh (ZKH) has reported Operating Expenses for 5 consecutive years, with -$23.3 million the latest figure, recorded in Q1 2026.

• Operating Expenses for Q1 2026 came in at -$23.3 million, up 7.56% year-over-year; the trailing twelve-month figure through Mar 2026 was -$101.7 million (up 7.6% YoY), and the FY2025 annual result was $29.9 million, down 16.13% from the prior year.
• Operating Expenses was -$23.3 million for Q1 2026 at Zkh, up from -$26.3 million in the prior quarter.
• Over five years, Operating Expenses peaked at -$20.6 million in Q4 2023 and troughed at -$31.5 million in Q3 2024.
• Average Operating Expenses over 5 years is -$26.4 million, with a median of -$26.2 million recorded in 2024.
• Year-over-year, Operating Expenses gained 27.69% in 2023 and retreated 27.15% in 2024.
• Over 5 years, Operating Expenses stood at -$28.5 million in 2022, then increased by 27.69% to -$20.6 million in 2023, then declined by 27.15% to -$26.2 million in 2024, then slipped by 0.58% to -$26.3 million in 2025, then increased by 11.52% to -$23.3 million in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were -$23.3 million in Q1 2026, -$26.3 million in Q4 2025, and -$26.0 million in Q3 2025.