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Zai Lab Limited (ZLAB)
NASDAQ: ZLAB · Real-Time Price · USD
18.49
+0.31 (1.71%)
At close: Aug 4, 2026, 4:00 PM EDT
18.55
+0.06 (0.30%)
After-hours: Aug 4, 2026, 7:50 PM EDT

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
262.51269.08251.13170.9141.0292.07
Operating Income
-242.51-229.43-282.12-366.57-404.36-700.06
Net Income
-178.12-175.54-257.1-334.62-443.29-704.47
Earnings Per Share
-1.70-1.60-2.60-3.50-4.60-7.60
EPS Growth
------

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
57.91%58.47%62.94%64.08%65.58%63.80%
Operating Margin
-53.50%-49.86%-70.71%-137.44%-188.04%-485.10%
Pretax Margin
-39.62%-38.78%-64.44%-125.46%-206.04%-487.43%
Profit Margin
-39.94%-38.15%-64.44%-125.46%-206.04%-487.43%
FCF Margin
-23.99%-34.53%-55.27%-77.01%-182.40%-393.26%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PS Ratio
4.584.247.079.9613.7141.59