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Zai Lab Limited (HKG:9688)
Hong Kong flag Hong Kong · Delayed Price · Currency is HKD
21.48
+0.52 (2.48%)
Nov 10, 2026, 4:08 PM HKT

Zai Lab Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
441.73460.16398.99266.72215.04144.31
Revenue Growth
0.02%15.33%49.59%24.03%49.01%194.77%
Gross Profit
2.7948.1716.62-94.97-145.39-481.23
Operating Income
-278.26-229.43-282.12-376.57-404.36-700.06
Net Income
-198.39-175.54-257.1-334.62-443.29-704.47
Earnings Per Share
-0.18-0.16-0.26-0.35-0.46-0.76
EPS Growth
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Cash & Debt
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
559.66689.57779.67806.451,0081,409
Total Debt
267.45224.26153.4715.1520.3915.54
Net Cash (Debt)
292.21465.31626.2791.3988.081,394
Net Cash Growth
-41.30%-25.69%-20.87%-19.91%-29.10%19.29%
Net Cash Per Share
0.260.420.630.821.031.50

Cash Flow & CapEx
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-159.21-150.79-214.87-198.18-367.64-549.23
Capital Expenditures
-4.13-8.1-5.66-7.21-24.59-18.3
Free Cash Flow
-163.34-158.89-220.53-205.39-392.23-567.53
Free Cash Flow Growth
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Margins
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
0.63%10.47%4.17%-35.60%-67.61%-
Operating Margin
-62.99%-49.86%-70.71%-141.19%-188.04%-485.10%
Pretax Margin
-45.90%-38.78%-64.44%-125.46%-206.14%-488.16%
Profit Margin
-44.91%-38.15%-64.44%-125.46%-206.14%-488.16%
FCF Margin
-36.98%-34.53%-55.27%-77.01%-182.40%-393.26%

Valuation
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PS Ratio
6.834.267.1510.0813.7041.99