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 2023	FY 2022	FY 2021
Period Ending	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 & Equivalents	779.57	549.67	790.15	1,008	964.1
Short-Term Investments	10	330	16.3	-	445
Cash & Short-Term Investments	789.57	879.67	806.45	1,008	1,409
Cash Growth	-10.24%	9.08%	-20.03%	-28.43%	-
Accounts Receivable	106.12	85.18	59.2	39.96	47.47
Other Receivables	12.17	4.23	6.13	8.61	7.34
Total Trade Receivables	118.29	89.41	65.33	48.57	54.81
Inventory	74.75	39.88	44.83	31.62	18.95
Other Current Assets	36.68	41.53	23	35.67	18.02
Total Current Assets	1,019	1,050	939.61	1,124	1,501
Net Property, Plant & Equipment	66.54	69.46	68.58	77.38	57.29
Other Intangible Assets	79	58.93	16.46	8.4	9.66
Long-Term Investments	-	3.12	9.22	6.43	15.61
Other Long-Term Assets	7.56	3.77	2.43	3.6	26.52
Total Assets	1,172	1,186	1,036	1,220	1,610
Accounts Payable	141.61	100.91	112.99	65.97	126.16
Short-Term Debt	204.53	131.71	-	-	-
Current Portion of Leases	6.34	8.05	7.1	7.05	5.93
Other Current Liabilities	63.68	58.72	82.97	66.82	60.81
Total Current Liabilities	416.17	299.39	203.07	139.84	192.9
Long-Term Leases	13.39	13.71	8.05	13.34	9.61
Other Long-Term Liabilities	27.33	31.76	29.06	21.36	27.49
Total Long-Term Liabilities	40.72	45.47	37.11	34.7	37.1
Total Liabilities	456.88	344.86	240.18	174.55	230
Common Stock	0.01	0.01	0.01	0.01	0.01
Treasury Stock	-29.05	-20.84	-20.84	-11.86	-4.28
Additional Paid-in Capital	3,343	3,264	2,975	2,893	2,826
Accumulated Other Comprehensive Income	29.7	50.52	37.63	25.69	-23.65
Retained Earnings	-2,629	-2,453	-2,196	-1,861	-1,418
Shareholders' Equity	715.5	840.9	796.12	1,046	1,380
Total Liabilities & Equity	1,172	1,186	1,036	1,220	1,610
Total Debt	224.26	153.47	15.15	20.39	15.54
Net Cash (Debt)	565.31	726.2	791.3	988.08	1,394
Net Cash Growth	-22.15%	-8.23%	-19.91%	-29.10%	-
Net Cash Per Share	5.16	7.34	8.19	10.31	14.99
Book Value	715.5	840.9	796.12	1,046	1,380
Book Value Per Share	6.53	8.50	8.24	10.91	14.84
Tangible Book Value	636.5	781.96	779.66	1,037	1,370
Tangible Book Value Per Share	5.81	7.90	8.07	10.83	14.74

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q