Zai Lab Limited (HKG:9688)
Hong Kong · Delayed Price · Currency is HKD 20.70
+0.38 (1.87%)
Aug 20, 2026, 4:09 PM HKT
Zai Lab Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | -188.21 | -175.54 | -257.1 | -334.62 | -443.29 | -704.47 |
Depreciation & Amortization | 15.93 | 15.01 | 11.86 | 9.03 | 8.23 | 6.49 |
Other Amortization | 0.09 | 0.19 | 0.7 | - | - | - |
Loss (Gain) From Sale of Assets | 0.36 | 0.54 | 0.45 | -10.25 | 0.56 | 0.03 |
Asset Writedown & Restructuring Costs | - | - | - | 0.06 | - | 62.25 |
Loss (Gain) From Sale of Investments | - | 1.91 | 6.11 | -2.79 | 8.95 | 14.62 |
Loss (Gain) on Equity Investments | - | - | - | - | 0.22 | 1.06 |
Stock-Based Compensation | 58.29 | 65.6 | 70.65 | 79.63 | 61.3 | 40.71 |
Provision & Write-off of Bad Debts | -0.01 | 0.01 | 0.01 | 0.01 | 0 | 0.01 |
Other Operating Activities | -26.53 | -3.81 | 20.85 | 21.15 | 62.63 | -3.71 |
Change in Accounts Receivable | 23.04 | -18.93 | -26.98 | -20.04 | 4.33 | -42.32 |
Change in Inventory | -46.76 | -47.03 | 3.9 | -14.91 | -15.38 | -7.17 |
Change in Accounts Payable | 16.33 | 19.93 | -2.21 | 36.8 | -53.77 | 63.52 |
Change in Unearned Revenue | 2.74 | 0.75 | 6.59 | 11.18 | -1.38 | 11.15 |
Change in Other Net Operating Assets | 16.01 | -6.08 | -49.69 | 26.57 | -0.04 | 8.61 |
Operating Cash Flow | -133.38 | -150.79 | -214.87 | -198.18 | -367.64 | -549.23 |
Operating Cash Flow Growth | - | - | - | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -6.19 | -8.1 | -5.66 | -7.21 | -24.59 | -18.3 |
Sale of Property, Plant & Equipment | 0.08 | 0.09 | 0.03 | 0.12 | - | 0 |
Sale (Purchase) of Intangibles | -22.95 | -5.32 | -55.87 | 12.61 | -0.4 | -0.65 |
Investment in Securities | -10 | 321.2 | -313.7 | -16.3 | 445 | 268.9 |
Investing Cash Flow | -39.05 | 307.87 | -375.19 | -10.78 | 420.02 | 249.96 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | 206.84 | 131.61 | - | - | - |
Total Debt Issued | 239.38 | 206.84 | 131.61 | - | - | - |
Short-Term Debt Repaid | - | -138.89 | -0.28 | - | - | - |
Total Debt Repaid | -185.99 | -138.89 | -0.28 | - | - | - |
Net Debt Issued (Repaid) | 53.38 | 67.94 | 131.32 | - | - | - |
Issuance of Common Stock | 4.01 | 13.68 | 220.55 | 2.37 | 5.87 | 826.29 |
Repurchase of Common Stock | -12.66 | -8.22 | - | -8.8 | -7.6 | -4.25 |
Other Financing Activities | -0.09 | -1.05 | -1.98 | - | - | -1.84 |
Financing Cash Flow | 44.64 | 72.35 | 349.89 | -6.43 | -1.73 | 820.2 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 3.05 | 0.48 | -0.31 | -2.62 | -6.27 | 1.12 |
Net Cash Flow | -124.74 | 229.91 | -240.48 | -218.01 | 44.37 | 522.04 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -139.57 | -158.89 | -220.53 | -205.39 | -392.23 | -567.53 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -31.04% | -34.53% | -55.27% | -77.01% | -182.40% | -393.26% |
Free Cash Flow Per Share | -1.26 | -1.45 | -2.23 | -2.13 | -4.09 | -6.10 |
Levered Free Cash Flow | -83.96 | -92.51 | -330.04 | -95.41 | -286.45 | -377.69 |
Unlevered Free Cash Flow | -80.31 | -89.45 | -329.33 | -95.41 | -286.45 | -377.69 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 5.44 | 4.88 | 2.02 | - | - | - |
Change in Working Capital | 6.69 | -54.71 | -68.39 | 39.61 | -66.25 | 33.79 |