ZKH Group Ltd (ZKH) Research & Development (2022 - 2026)

Zkh (ZKH) has reported Research & Development for 5 consecutive years, with -$4.3 million the latest figure, recorded in Q1 2026.

• Research & Development for Q1 2026 came in at -$4.3 million, up 22.07% year-over-year; the trailing twelve-month figure through Mar 2026 was -$22.0 million (up 6.39% YoY), and the FY2025 annual result was -$23.7 million, down 1.93% from the prior year.
• Research & Development was -$4.3 million for Q1 2026 at Zkh, up from -$6.3 million in the prior quarter.
• Over five years, Research & Development peaked at -$4.3 million in Q1 2026 and troughed at -$8.4 million in Q4 2022.
• Average Research & Development over 5 years is -$6.0 million, with a median of -$5.7 million recorded in 2024.
• Year-over-year, Research & Development jumped 36.31% in 2023 and fell 15.69% in 2024.
• Over 5 years, Research & Development stood at -$8.4 million in 2022, then jumped by 36.31% to -$5.3 million in 2023, then retreated by 6.53% to -$5.7 million in 2024, then slipped by 11.06% to -$6.3 million in 2025, then soared by 32.54% to -$4.3 million in 2026.
• Per Business Quant data, the three most recent Research & Development figures were -$4.3 million in Q1 2026, -$6.3 million in Q4 2025, and -$5.7 million in Q3 2025.