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

Zkh (ZKH) has 4 years of Research & Development data on file, last reported at -$6.3 million in Q4 2025.

• For the quarter ending Q4 2025, Research & Development fell 11.06% year-over-year to -$6.3 million; the trailing twelve-month figure through Dec 2025 stood at -$23.2 million (up 1.51% YoY), and the FY2025 full-year result was -$23.7 million, down 1.93% from the prior year.
• Research & Development for Q4 2025 stood at -$6.3 million, down from -$5.7 million in the prior quarter.
• Across five years, Research & Development topped out at -$5.3 million in Q2 2024 and bottomed at -$8.4 million in Q4 2022.
• The 4-year median for Research & Development is -$5.8 million (2025), against an average of -$6.2 million.
• The widest annual swing landed in 2023, when Research & Development surged 36.31%; it then dropped 15.69% in 2024.
• A 4-year view of Research & Development shows it stood at -$8.4 million in 2022, then surged by 36.31% to -$5.3 million in 2023, then declined by 6.53% to -$5.7 million in 2024, then retreated by 11.06% to -$6.3 million in 2025.
• The last three Research & Development figures came in at -$6.3 million (Q4 2025), -$5.7 million (Q3 2025), and -$5.8 million (Q2 2025), per Business Quant data.

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