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Z

ZKH Group Limited ZKH · USD

Industrials · US listing · 🇺🇸 United States

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1.34

+2.29%

Close of 9 Nov 2026, in USD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2025

Revenue

$8.76bn

FY2020FY2025

Net income

−$268.0m

FY2020FY2025

Free cash flow

$146.0m

FY2020FY2025

Shareholders' equity

$3.10bn

FY2020FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020
Revenue$8.76bn$8.72bn$8.72bn$8.32bn$7.65bn$4.69bn
Gross profit$1.51bn$1.45bn$1.45bn$1.32bn$1.04bn$680.3m
Research and development$169.5m$175.9m$175.9m$240.5m$256.4m$149.6m
Operating income$338.8m−$398.7m−$398.7m−$637.4m−$1.11bn−$399.8m
Net income−$268.0m−$304.3m−$964.4m−$735.7m−$1.12bn−$401.7m
Diluted earnings per share-1.65-1.86-206.16-4.91-7.70-3.03

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020
Total assets$6.61bn$7.39bn$7.39bn$6.81bn$5.94bn$5.57bn
Cash and short-term investments$1.97bn$1.96bn$1.96bn$1.95bn$538.0m$2.03bn
Total liabilities$3.51bn$4.18bn$4.18bn$10.88bn$8.71bn$2.32bn
Debt$443.3m$723.3m$684.4m$356.5m$394.5m$172.1m
Shareholders' equity$3.10bn$3.21bn$3.21bn−$4.07bn−$2.77bn$3.24bn
Shares outstanding162m163m5m150m146m133m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020
Cash from operations$229.1m−$567.9m−$567.9m−$504.2m−$1.38bn$31.8m
Capital spending−$83.0m−$55.6m−$55.6m−$50.1m−$158.1m−$62.9m
Free cash flow$146.0m−$623.5m−$623.5m−$554.3m−$1.54bn−$31.1m

Latest quarters

By quarter end

Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024Jun 2024
Revenue$2.11bn$2.52bn$2.33bn$2.17bn$1.94bn$2.37bn$2.28bn$2.25bn
Gross profit$354.0m$390.9m$390.2m$357.0m$332.1m$405.0m$388.4m$383.0m
Operating income−$22.5m−$27.8m−$32.3m−$72.0m−$80.8m−$32.6m−$105.4m−$71.2m
Net income−$10.1m$4.7m−$24.3m−$53.5m−$66.7m−$29.1m−$81.8m−$66.3m
Diluted earnings per share-0.060.03-0.15-0.33-0.41-0.18-0.50-0.41
Cash from operations—————$229.0m——
Capital spending—————−$83.0m——
Free cash flow—————$146.0m——
Total assets$6.26bn$6.53bn$6.39bn$6.26bn$6.12bn$6.61bn$6.74bn$7.00bn
Cash and short-term investments$1.78bn$1.92bn$1.82bn$1.75bn$1.68bn$1.97bn$1.99bn$1.89bn
Debt$322.0m$335.3m$388.4m$433.1m$274.6m$432.3m$603.2m$697.8m
Shareholders' equity$2.91bn$2.94bn$2.96bn$2.99bn$3.04bn$3.10bn$3.08bn$3.20bn

Growth per year

Compound annual rate

3 years5 years10 years
Revenue1.8%13.3%—
Net income-28.6%-7.8%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin16.9%16.6%15.9%—
Operating margin-0.3%-3.2%-5.6%—
Net margin-3.3%-6.6%-8.1%—

Valuation history

At each fiscal year end

FY2025FY2024FY2023
Price to earnings-2.2-1.9-0.1
Price to sales0.10.10.0

Share price return

Finished calendar years

202520242023
Return-9%-77%0%

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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