ZKH Group Ltd income statement

In fiscal 2025, ZKH Group Ltd reported revenue of $1.25bn, up 2.7% on the year before, operating income of −$29.7m (a -2.4% margin) and net income of −$19.4m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

ZKH Group Ltd: income statement, annual
Fiscal year	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	1,187	1,238	1,232	1,218	1,251
Cost of revenue	1,025	1,042	1,027	1,008	1,045
Gross profit	161	196	205	210	205
Research and development	40	36	25	24	23
Selling and marketing	107	102	99	89	81
General and administrative	118	91	76	90	80
Operating income	−172	−102	−56	−47	−30
Interest expense	2	14	3	3	2
Income before tax	−170	−109	−43	−37	−19
Income tax	0	−0	0	0	0
Net income	−174	−110	−43	−37	−19
Diluted EPS	—	—	—	−$0.24	—
Diluted shares (average)	35m	38m	44m	164m	162m
EBITDA	−164	−91	−46	−39	−23

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from ZKH Group Ltd's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to ZKH Group Ltd.