Zkh ZKH
NYSE ZKH
$2.93 +0.01 (+0.51%)
As of: Sep 1, 2026 · 2:05 PM EDT

Zkh (ZKH) Research & Development (2022 - 2026)

Zkh's (ZKH) quarterly Research & Development came in at -$4.3 million in Q1 2026, up 22.07% YoY from -$3.5 million in Q1 2025, and up 32.54% on a QoQ basis from -$6.3 million in Q4 2025.

Analysis

Zkh (ZKH) Research & Development (2022 - 2026) Analysis & Trends

Zkh (ZKH) has 5 years of Research & Development data on file, last reported at -$4.3 million in Q1 2026.

  • Quarterly Research & Development rose 22.07% year-over-year to -$4.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$22.0 million (up 6.39% YoY) and the FY2025 annual result came in at -$23.7 million, down 1.93% from the prior year.
  • Research & Development rose to -$4.3 million in Q1 2026, from -$6.3 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of -$4.3 million in Q1 2026 to a low of -$8.4 million in Q4 2022.
  • A 5-year average of -$6.0 million and a median of -$5.7 million in 2024 frame the typical range for Research & Development.
  • Annual changes were most pronounced in 2023 — Research & Development surged 36.31% — and 2024, when it dropped 15.69%.
  • Tracing ZKH's Research & Development over 5 years: stood at -$8.4 million in 2022, then jumped by 36.31% to -$5.3 million in 2023, then dropped by 6.53% to -$5.7 million in 2024, then fell by 11.06% to -$6.3 million in 2025, then soared by 32.54% to -$4.3 million in 2026.
  • The last three Research & Development figures came in at -$4.3 million (Q1 2026), -$6.3 million (Q4 2025), and -$5.7 million (Q3 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Amazon Com 2,746.20 Bn 2,623.21 Bn 198.88 Bn 62.73 Bn
2 PDD Holdings 116.28 Bn -48,010.13 Bn 9.45 Bn -673.00 Mn
3 DoorDash 98.95 Bn 93.61 Bn 2.35 Bn 821.00 Mn
4 Mercadolibre 98.90 Bn 83.71 Bn 4.16 Bn 1.13 Bn
5 Sea 67.51 Bn 59.11 Bn 3.55 Bn -1.66 Bn
6 Ebay 46.90 Bn 43.59 Bn 2.30 Bn 697.00 Mn
7 JD.com 39.64 Bn 7.09 Bn 16.50 Bn -2.09 Bn
8 Coupang 28.35 Bn 22.24 Bn 2.49 Bn -
9 Wayfair 12.44 Bn 11.30 Bn 1.05 Bn -
10 Zkh 556.29 Mn 316.23 Mn 63.09 Mn -5.18 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -5.18 Mn
Mar 31, 2026 -4.25 Mn
Dec 31, 2025 -6.31 Mn
Sep 30, 2025 -5.67 Mn
Jun 30, 2025 -5.79 Mn
Mar 31, 2025 -5.46 Mn
Dec 31, 2024 -5.68 Mn
Sep 30, 2024 -7.09 Mn
Jun 30, 2024 -5.29 Mn
Mar 31, 2024 -5.52 Mn
Dec 31, 2023 -5.33 Mn
Sep 30, 2023 -6.13 Mn
Jun 30, 2023 -6.56 Mn
Mar 31, 2023 -6.98 Mn
Dec 31, 2022 -8.37 Mn