Zai Lab Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	266.72	215.04	144.31	48.96	12.99	0.13	0	0	0
Revenue Growth (YoY)	24.03%	49.01%	194.77%	277.04%	9965.89%	-	-	-	-
Cost of Revenue	95.82	74.02	52.24	16.74	3.75	0.04	0	0	0
Gross Profit	170.9	141.02	92.07	32.22	9.24	0.09	0	0	0
Selling, General & Admin	281.61	258.97	218.83	111.31	70.21	21.58	12.05	6.38	2.76
Research & Development	265.87	286.41	573.31	222.71	142.22	120.28	39.34	32.15	13.59
Other Operating Expenses	-17.01	-3.11	10.2	-7.42	-0.94	-0.06	-0.53	0	0.04
Operating Expenses	530.47	542.27	802.34	326.61	211.49	141.8	50.86	38.53	16.39
Operating Income	-359.57	-401.24	-710.27	-294.38	-202.26	-141.71	-50.86	-38.53	-16.39
Interest Expense / Income	0	0	0	0.18	0.29	0.04	0	0	0
Other Expense / Income	-24.95	42.04	-5.79	-25.66	-7.48	-2.67	-0.48	-1.02	1.63
Pretax Income	-334.62	-443.29	-704.47	-268.91	-195.07	-139.08	-50.38	-37.51	-18.02
Net Income	-334.62	-443.29	-704.47	-268.91	-195.07	-139.08	-50.38	-37.51	-18.02
Shares Outstanding (Basic)	966	958	930	777	644	526	218	94	87
Shares Outstanding (Diluted)	966	958	930	777	644	526	218	94	87
Shares Change	0.87%	3.03%	19.73%	20.66%	22.35%	141.85%	130.46%	8.57%	-
EPS (Basic)	-3.50	-4.60	-7.60	-3.50	-3.03	-2.64	-2.32	-3.97	-2.07
EPS (Diluted)	-3.50	-4.60	-7.60	-3.50	-3.03	-2.64	-2.32	-3.97	-2.07
Free Cash Flow	-191.38	-392.23	-567.52	-226.19	-204.88	-107.55	-41.39	-34.38	-12.2
Free Cash Flow Per Share	-1.98	-4.09	-6.10	-2.91	-3.18	-2.04	-1.90	-3.64	-1.40
Gross Margin	64.08%	65.58%	63.80%	65.82%	71.13%	66.67%	-	-	-
Operating Margin	-134.81%	-186.59%	-492.17%	-601.30%	-1557.63%	-109851.94%	-	-	-
Profit Margin	-125.46%	-206.14%	-488.16%	-549.26%	-1502.28%	-107810.08%	-	-	-
Free Cash Flow Margin	-71.75%	-182.40%	-393.26%	-462.00%	-1577.84%	-83374.42%	-	-	-
EBITDA	-316.88	-426.71	-691.87	-259.77	-188.18	-137.39	-49.84	-37.31	-17.9
EBITDA Margin	-118.81%	-198.43%	-479.42%	-530.59%	-1449.22%	-106500.00%	-	-	-
Depreciation & Amortization	17.74	16.58	12.61	8.96	6.6	1.65	0.55	0.2	0.13
EBIT	-334.62	-443.29	-704.47	-268.72	-194.78	-139.04	-50.38	-37.51	-18.02
EBIT Margin	-125.46%	-206.14%	-488.16%	-548.89%	-1500.02%	-107779.07%	-	-	-

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).