ZKH (ZKH)

$2.03 -1.46% on the day Market cap $323M 52-week range $1.92 to $3.90 Prices as of Oct 11, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

ZKH's free cash flow was negative in fiscal 2025, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

F

Five factors scored 1 to 9 from ZKH's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Profitability1
Growth3
Financial health4
Cash efficiency0

Results from SEC filings

Fiscal years, from ZKH's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.

Fiscal year20212022202320242025
Revenue$7.7B$8.3B$8.7B$8.8B$9.0B
Net income-$1.1B-$736M-$304M-$268M-$140M
Free cash flow-$1.5B-$541M-$618M$150M-$44M
EPS (diluted)-$1.20-$0.94-$0.63-$0.05-$0.02
Operating margin-14.5%-8.2%-4.6%-3.9%-2.4%

Where the revenue comes from

Revenue by products, fiscal 2025. Every breakdown, year by year.

Net product revenues$8.8B98%
Net service revenues$171M2%
Other revenues$50M1%

Superinvestors who own ZKH

From each investor's latest 13F filing (what a 13F shows).

None of the superinvestors we track held ZKH in their latest 13F.

Insider buying

Open-market purchases by ZKH's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of ZKH in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are ZKH insiders buying the stock?

No open-market insider purchases of ZKH in the last 12 months, according to SEC Form 4 filings.

Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.