Zai Lab Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2022	FY 2018	FY 2017
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '22 Dec 31, 2022	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017
Cash & Equivalents	679.57	449.67	1,008	62.95	229.66
Short-Term Investments	10	330	-	200.35	-
Cash & Short-Term Investments	689.57	779.67	1,008	263.3	229.66
Cash Growth	-11.55%	-22.69%	283.01%	14.65%	-
Accounts Receivable	106.12	85.18	39.96	0.09	-
Other Receivables	12.17	4.23	8.61	-	-
Total Trade Receivables	118.29	89.41	48.57	0.09	-
Inventory	74.75	39.88	31.62	0	-
Other Current Assets	136.68	141.53	35.67	5.75	0.95
Total Current Assets	1,019	1,050	1,124	269.15	230.61
Net Property, Plant & Equipment	66.54	69.46	77.38	20.49	11.85
Other Intangible Assets	79	58.93	8.4	0.32	0.02
Long-Term Investments	-	-	6.43	3.15	1.65
Other Long-Term Assets	7.56	6.88	3.6	8.88	5.5
Total Assets	1,172	1,186	1,220	301.99	249.63
Accounts Payable	141.61	100.91	65.97	37.43	3.1
Short-Term Debt	204.53	131.71	-	3.64	8.97
Current Portion of Leases	6.34	8.05	7.05	-	-
Other Current Liabilities	63.68	58.72	66.82	7.77	-
Total Current Liabilities	416.17	299.39	139.84	48.84	12.07
Long-Term Leases	13.39	13.71	13.34	-	-
Other Long-Term Liabilities	27.33	31.76	21.36	2.06	2.39
Total Long-Term Liabilities	40.72	45.47	34.7	2.06	2.39
Total Liabilities	456.88	344.86	174.55	50.91	14.46
Common Stock	0.01	0.01	0.01	0	0
Treasury Stock	-29.05	-20.84	-11.86	-	-
Additional Paid-in Capital	3,343	3,264	2,893	498.04	345.27
Accumulated Other Comprehensive Income	29.7	50.52	25.69	2.66	0.45
Retained Earnings	-2,629	-2,453	-1,861	-249.63	-110.55
Shareholders' Equity	715.5	840.9	1,046	251.08	235.17
Total Liabilities & Equity	1,172	1,186	1,220	301.99	249.63
Total Debt	224.26	153.47	20.39	3.64	8.97
Net Cash (Debt)	465.31	626.2	988.08	259.66	220.69
Net Cash Growth	-25.69%	-36.63%	280.53%	17.66%	-
Net Cash Per Share	4.25	6.33	10.20	37.02	101.45
Book Value	715.5	840.9	1,046	251.08	235.17
Book Value Per Share	6.53	8.50	10.79	35.80	108.11
Tangible Book Value	636.5	781.96	1,037	250.76	235.15
Tangible Book Value Per Share	5.81	7.90	10.70	35.75	108.10

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.