ZKH Group

ZKH

Market cap $392M

ZKH Group Limited (ZKH) Q1 2026 Earnings Call Transcript

ZKH Group NYSE: ZKH said its first-quarter 2026 results showed accelerating growth and improved profitability, with management pointing to stronger customer activity, efficiency gains and continued investment in artificial intelligence and fulfillment capabilities.

SHANGHAI, May 21, 2026 /PRNewswire/ -- ZKH Group Limited ("ZKH" or the "Company") (NYSE: ZKH), a leading maintenance, repair, and operations ("MRO") procurement service platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2026. First Quarter 2026 Operational and Financial Highlights  First Quarter 2025 2026 Change (in thousand RMB, except for number of customers, percentage and basis points("bps")) GMV[1] 2,171,997 2,452,783 12.9 % GMV by Platform ZKH Platform 1,966,210 2,183,957 11.1 % GBB Platform 205,787 268,826 30.6 % GMV by Business Model Product Sales (1P) 1,901,196 2,132,441 12.2 % Marketplace (3P)[2] 270,800 320,342 18.3 % Number of Customers[3] 60,102 66,742 11.0 % Net Revenues 1,935,372 2,113,819 9.2 % Gross Profit 332,118 354,027 6.6 % % of Net Revenues 17.2 % 16.7 % -41.2bps Operating Loss (80,813) (22,497) -72.2 % % of Net Revenues -4.2 % -1.1 % 311.1bps Non-GAAP EBITDA[4] (51,959) 4,237 - % of Net Revenues -2.7 % 0.2 % 288.5bps Net (Loss)/Profit (66,723) (10,103) -84.9 % % of Net Revenues -3.4 % -0.5 % 297.0bps Non-GAAP Adjusted Net (Loss)/Profit[5] (50,176) 1,690 - % of Net Revenues -2.6 % 0.1 % 267.3bps   Mr.

SHANGHAI, May 7, 2026 /PRNewswire/ -- ZKH Group Limited ("ZKH" or the "Company") (NYSE: ZKH), a leading maintenance, repair and operations ("MRO") procurement service platform in China, today announced that it will release its unaudited financial results for the first quarter 2026, on Thursday, May 21, 2026, before the open of the U.S. markets. The Company's management will hold an earnings conference call on Thursday, May 21, 2026 at 7:00 A.M.

SHANGHAI, April 24, 2026 /PRNewswire/ -- ZKH Group Limited ("ZKH" or the "Company") (NYSE: ZKH), a leading maintenance, repair and operations ("MRO") procurement service platform in China, announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the U.S. Securities and Exchange Commission ("SEC") on April 24, 2026. The annual report in electronic format is accessible on the Company's investor relations website at https://ir.zkh.com as well as on the SEC's website at www.sec.gov.

ZKH Group Limited (ZKH) Q4 2025 Earnings Call Transcript

SHANGHAI, March 19, 2026 /PRNewswire/ -- ZKH Group Limited ("ZKH" or the "Company") (NYSE: ZKH), a leading maintenance, repair, and operations ("MRO") procurement service platform in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2025. Fourth Quarter and Fiscal Year 2025 Operational and Financial Highlights Fourth Quarter Fiscal Year 2024 2025 Change 2024 2025 Change (in thousand RMB, except for number of customers, percentage and basis points("bps")) GMV [1] 2,690,311 2,918,297 8.5 % 10,479,461 10,133,428 -3.3 % GMV by Platform ZKH Platform 2,435,037 2,638,242 8.3 % 9,475,550 9,103,399 -3.9 % GBB Platform 255,274 280,055 9.7 % 1,003,911 1,030,029 2.6 % GMV by Business Model Product Sales (1P) 2,324,005 2,499,633 7.6 % 8,530,328 8,828,963 3.5 % Marketplace (3P) [2] 366,306 418,664 14.3 % 1,949,133 1,304,465 -33.1 % Number of Customers [3] 46,192 73,803 59.8 % 83,958 155,829 85.6 % Net Revenues 2,370,223 2,557,238 7.9 % 8,761,318 8,987,738 2.6 % Gross Profit 404,998 396,380 -2.1 % 1,510,471 1,475,662 -2.3 % % of Net Revenues 17.1 % 15.5 % -158.7bps 17.2 % 16.4 % -82.2bps Operating Loss (32,589) (28,229) -13.4 % (338,770) (213,337) -37.0 % % of Net Revenues -1.4 % -1.1 % 27.1bps -3.9 % -2.4 % 149.3bps Non-GAAP EBITDA [4] (13,330) 19,725 - (193,258) (79,347) -58.9 % % of Net Revenues -0.6 % 0.8 % 133.4bps -2.2 % -0.9 % 132.3bps Net (Loss)/Profit (29,102) 4,797 - (268,043) (139,742) -47.9 % % of Net Revenues -1.2 % 0.2 % 141.5bps -3.1 % -1.6 % 150.5bps Non-GAAP Adjusted Net (Loss)/Profit  [5] (15,033) 14,860 - (159,527) (85,923) -46.1 % % of Net Revenues -0.6 % 0.6 % 121.5bps -1.8 % -1.0 % 86.5bps Mr.

SHANGHAI, March 5, 2026 /PRNewswire/ -- ZKH Group Limited ("ZKH" or the "Company") (NYSE: ZKH), a leading maintenance, repair and operations ("MRO") procurement service platform in China, today announced that it will release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2025, on Thursday, March 19, 2026, before the open of the U.S. markets. The Company's management will hold an earnings conference call on Thursday, March 19, 2026 at 8:00 A.M.

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ZKH Group Limited ( ZKH ) Q3 2025 Earnings Call November 20, 2025 7:00 AM EST Company Participants Jin Li - Head of Investor Relations Long Chen - Founder, CEO & Chairman of the Board of Directors Chun Chiu Lai - Chief Financial Officer Conference Call Participants Xiaodan Zhang - China International Capital Corporation Limited, Research Division Leo Chiang - Deutsche Bank AG, Research Division Ruchen Tang Presentation Operator Ladies and gentlemen, good day, and welcome to ZKH Group Limited Third Quarter 2025 Earnings Conference Call. Today's conference is being recorded.