ZLAB
Zai Lab Ltd
NASDAQ: ZLAB · HEALTHCARE · BIOTECHNOLOGY
$20.75
-6.28% today
Updated 2026-04-29
Market cap
$2.33B
P/E ratio
—
P/S ratio
5.07x
EPS (TTM)
$-1.60
Dividend yield
—
52W range
$16 – $44
Volume
0.8M
Zai Lab Ltd (ZLAB) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 | $129452.00 | $12.98M | $48.96M | $144.31M | $215.04M | $266.72M | $398.99M | $460.16M |
| Revenue growth (YoY) | — | — | — | — | +9930.6% | +277.0% | +194.8% | +49.0% | +24.0% | +49.6% | +15.3% |
| Cost of revenue | $0.00 | $0.00 | $0.00 | $43590.00 | $3.75M | $239.45M | $52.24M | $74.02M | $95.82M | $147.86M | $190.52M |
| Gross profit | $0.00 | $0.00 | $0.00 | $85862.00 | $9.24M | $-190.49M | $92.07M | $141.02M | $170.90M | $251.13M | $269.64M |
| Gross margin | — | — | — | 66.3% | 71.1% | -389.1% | 63.8% | 65.6% | 64.1% | 62.9% | 58.6% |
| R&D | $13.59M | $32.15M | $39.34M | $120.28M | $142.22M | $222.71M | $573.31M | $286.41M | $265.87M | $234.50M | $220.90M |
| SG&A | $2.76M | $6.38M | $12.05M | $21.58M | $70.21M | $111.31M | $218.83M | $197.46M | $281.61M | $298.74M | $277.61M |
| Operating income | $-16.35M | $-38.53M | $-51.39M | $-141.77M | $-203.20M | $-301.80M | $-700.06M | $-404.36M | $-366.57M | $-282.12M | $-229.43M |
| Operating margin | — | — | — | -109514.0% | -1564.9% | -616.4% | -485.1% | -188.0% | -137.4% | -70.7% | -49.9% |
| EBITDA | $-16.22M | $-38.33M | $-50.84M | $-138.45M | $-199.43M | $-297.16M | $-689.46M | $-434.84M | $-365.11M | $-234.57M | $-158.25M |
| EBITDA margin | — | — | — | -106949.8% | -1535.9% | -607.0% | -477.8% | -202.2% | -136.9% | -58.8% | -34.4% |
| EBIT | $-16.35M | $-38.53M | $-51.39M | $-140.10M | $-203.20M | $-301.80M | $-695.95M | $-443.06M | $-374.14M | $-254.85M | $-173.25M |
| Interest expense | $1.67M | $1.02M | $1.26M | $39672.00 | $293000.00 | $181000.00 | $3.35M | $14.58M | $14.58M | $2.25M | $5.21M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-18.02M | $-37.51M | $-50.38M | $-139.07M | $-183.37M | $-268.90M | $-704.47M | $-443.29M | $-334.62M | $-257.10M | $-175.54M |
| Net income growth (YoY) | — | -108.1% | -34.3% | -176.0% | -31.8% | -46.6% | -162.0% | +37.1% | +24.5% | +23.2% | +31.7% |
| Profit margin | — | — | — | -107433.6% | -1412.2% | -549.3% | -488.2% | -206.1% | -125.5% | -64.4% | -38.1% |