Zai Lab Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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 & Equivalents	651.32	679.57	449.67	790.15	1,008	964.1
Short-Term Investments	10	10	330	16.3	-	445
Cash & Short-Term Investments	661.32	689.57	779.67	806.45	1,008	1,409
Cash Growth	-12.67%	-11.55%	-3.32%	-20.03%	-28.43%	18.73%
Accounts Receivable	54.07	106.12	85.18	59.2	39.96	47.47
Other Receivables	7.93	12.17	4.23	6.13	8.61	7.34
Total Trade Receivables	62	118.29	89.41	65.33	48.57	54.81
Inventory	85.96	74.75	39.88	44.83	31.62	18.95
Other Current Assets	135.45	136.68	141.53	23	35.67	18.02
Total Current Assets	944.73	1,019	1,050	939.61	1,124	1,501
Net Property, Plant & Equipment	64.65	66.54	69.46	68.58	77.38	57.29
Other Intangible Assets	78.63	79	58.93	16.46	8.4	9.66
Long-Term Investments	-	-	-	9.22	6.43	15.61
Other Long-Term Assets	7.73	7.56	6.88	2.43	3.6	26.52
Total Assets	1,096	1,172	1,186	1,036	1,220	1,610
Accounts Payable	126.17	141.61	100.91	112.99	65.97	126.16
Short-Term Debt	213.82	204.53	131.71	-	-	-
Current Portion of Leases	5.98	6.34	8.05	7.1	7.05	5.93
Other Current Liabilities	47.01	63.68	58.72	82.97	66.82	60.81
Total Current Liabilities	392.98	416.17	299.39	203.07	139.84	192.9
Long-Term Leases	12.11	13.39	13.71	8.05	13.34	9.61
Other Long-Term Liabilities	28.67	27.33	31.76	29.06	21.36	27.49
Total Long-Term Liabilities	40.77	40.72	45.47	37.11	34.7	37.1
Total Liabilities	433.76	456.88	344.86	240.18	174.55	230
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01
Treasury Stock	-31.32	-29.05	-20.84	-20.84	-11.86	-4.28
Additional Paid-in Capital	3,358	3,343	3,264	2,975	2,893	2,826
Accumulated Other Comprehensive Income	15.11	29.7	50.52	37.63	25.69	-23.65
Retained Earnings	-2,680	-2,629	-2,453	-2,196	-1,861	-1,418
Shareholders' Equity	661.98	715.5	840.9	796.12	1,046	1,380
Total Liabilities & Equity	1,096	1,172	1,186	1,036	1,220	1,610
Total Debt	231.91	224.26	153.47	15.15	20.39	15.54
Net Cash (Debt)	429.41	465.31	626.2	791.3	988.08	1,394
Net Cash Growth	-7.72%	-25.69%	-20.87%	-19.91%	-29.10%	19.29%
Net Cash Per Share	3.90	4.25	6.33	8.19	10.31	14.99
Book Value	661.98	715.5	840.9	796.12	1,046	1,380
Book Value Per Share	6.01	6.53	8.50	8.24	10.91	14.84
Tangible Book Value	583.35	636.5	781.96	779.66	1,037	1,370
Tangible Book Value Per Share	5.29	5.81	7.90	8.07	10.83	14.74

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q