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Zai Lab Limited (HKG:9688)
Hong Kong flag Hong Kong · Delayed Price · Currency is HKD
14.16
-0.24 (-1.67%)
Jul 30, 2026, 2:15 PM HKT

Zai Lab Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
453.28460.16398.99266.72215.04144.31
Revenue Growth
8.36%15.33%49.59%24.03%49.01%194.77%
Gross Profit
36.7548.1716.62-94.97-145.39-481.23
Operating Income
-242.51-229.43-282.12-376.57-404.36-700.06
Net Income
-178.12-175.54-257.1-334.62-443.29-704.47
Earnings Per Share
-1.62-1.60-2.60-3.46-4.63-7.58
EPS Growth
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Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
661.32689.57779.67806.451,0081,409
Total Debt
231.91224.26153.4715.1520.3915.54
Net Cash (Debt)
429.41465.31626.2791.3988.081,394
Net Cash Growth
-23.99%-25.69%-20.87%-19.91%-29.10%19.29%
Net Cash Per Share
3.904.256.338.1910.3114.99

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-101-150.79-214.87-198.18-367.64-549.23
Capital Expenditures
-7.76-8.1-5.66-7.21-24.59-18.3
Free Cash Flow
-108.76-158.89-220.53-205.39-392.23-567.53
Free Cash Flow Growth
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Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
8.11%10.47%4.17%-35.60%-67.61%-
Operating Margin
-53.50%-49.86%-70.71%-141.19%-188.04%-485.10%
Pretax Margin
-39.62%-38.78%-64.44%-125.46%-206.14%-488.16%
Profit Margin
-39.30%-38.15%-64.44%-125.46%-206.14%-488.16%
FCF Margin
-24.00%-34.53%-55.27%-77.01%-182.40%-393.26%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PS Ratio
4.544.267.1510.0813.7041.99