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ZKH Group Limited Announces First Quarter 2026 Unaudited Financial Results

$ZKHPress releaseMay 21, 2026, 6:00 AM ETRead the release

ZKH Group reported Q1 2026 revenue of $306.4 million, up 9.2% year-over-year, driven by 12.9% GMV growth to $2.45 billion. The company achieved its first non-GAAP profitable quarter, turning a $50.2 million loss into a $1.7 million profit, while GAAP operating loss narrowed by 72% to $3.3 million.

Key figures

Revenue
306439000
Revenue Yoy
9.2%
Gmv
2452783000
Gmv yoy
12.9%
Net loss
1465000
Gross margin
16.7%
Gross profit
51300000
Operating loss
3262000
Net loss margin
0.5%
Non gaap ebitda
614000
Repurchase value
4760000
Shares repurchased
1480000
Cash and equivalents
266100000
Non gaap adjusted eps
0.002
Operating loss margin
1.1%
Non gaap ebitda margin
0.2%
Non gaap adjusted net profit
244000
Non gaap adjusted net profit margin
0.1%

AI analysis

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