5 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $9.0B | -$140M | 16.4% | -2.4% | -$44M | $285M | $1.0B |
| 2024 | $8.8B | -$268M | 17.2% | -3.9% | $150M | $351M | $1.4B |
| 2023 | $8.7B | -$304M | 16.7% | -4.6% | -$618M | $585M | $1.1B |
| 2022 | $8.3B | -$736M | 15.8% | -8.2% | -$541M | — | $2.0B |
| 2021 | $7.7B | -$1.1B | 13.6% | -14.5% | -$1.5B | — | — |
How the market has priced ZKH against its own fundamentals since 2023-12 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 4 years, ZKH Group Ltd's revenue has grown 4.1% per year. These are computed facts, not advice.
As of FY2025, ZKH Group Ltd reported $285M of total debt against $1.0B of cash; operating income covered interest expense -18.8×.
In FY2025, gross margin was 16.4%, operating margin -2.4%, and net margin -1.6%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.