Zai Lab Limited financials
$25.93+0.93%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $106.3M | $99.6M | $127.6M | $116.1M | $110.0M | $106.5M | $109.1M | $102.3M | $100.5M | $87.1M | $65.8M | $69.2M |
| Gross profit | $58.1M | $61.3M | $65.3M | $69.2M | $67.0M | $67.8M | $67.0M | $65.3M | $65.3M | $53.5M | $40.6M | $43.7M |
| Gross margin | 54.7% | 61.5% | 51.2% | 59.6% | 60.9% | 63.7% | 61.4% | 63.9% | 64.9% | 61.4% | 61.7% | 63.2% |
| Operating income | -$76.5M | -$69.4M | -$69.4M | -$48.8M | -$54.9M | -$56.3M | -$67.9M | -$67.9M | -$76.1M | -$70.3M | -$124.0M | -$83.6M |
| Net income | -$50.8M | -$51.0M | -$50.4M | -$36.0M | -$40.7M | -$48.4M | -$81.7M | -$41.7M | -$80.3M | -$53.5M | -$95.4M | -$69.2M |
| Net margin | −47.8% | −51.2% | −39.5% | −31.0% | −37.0% | −45.5% | −74.9% | −40.7% | −79.9% | −61.4% | −145.0% | −99.9% |
| Diluted EPS | $-0.05 | $-0.05 | $-0.05 | $-0.03 | $-0.04 | $-0.04 | $-0.08 | $-0.04 | $-0.08 | $-0.05 | $-0.10 | $-0.07 |
| EBITDA | -$72.3M | -$65.4M | -$65.5M | -$44.9M | -$51.2M | -$52.9M | -$64.9M | -$65.0M | -$73.1M | -$67.3M | -$124.0M | -$82.5M |
| Operating cash flow | -$63.4M | -$11.9M | -$26.0M | -$32.0M | -$31.0M | -$61.7M | -$55.8M | -$26.8M | -$42.2M | -$90.1M | -$14.9M | -$55.3M |
| Free cash flow | -$64.7M | -$13.1M | -$26.7M | -$35.0M | -$33.9M | -$63.2M | -$58.4M | -$28.2M | -$42.9M | -$91.1M | -$15.1M | -$57.0M |
| Diluted shares | 1,117.0M | 1,107.4M | 1,106.4M | 1,102.1M | 1,091.9M | 1,080.8M | 1,027.1M | 981.7M | 975.9M | 973.1M | 970.5M | 968.8M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $607.5M | $651.3M | $679.6M | $717.2M | $732.2M | $757.3M |
| Short-term investments | $10.0M | $10.0M | $10.0M | $0.00 | $0.00 | $0.00 |
| Total debt | $238.1M | $213.8M | $204.5M | $203.0M | $174.5M | $173.4M |
| Total assets | $1.07B | $1.10B | $1.17B | $1.16B | $1.16B | $1.17B |
| Total liabilities | $467.8M | $433.8M | $456.9M | $399.0M | $372.4M | $362.6M |
| Shareholders' equity | $607.0M | $662.0M | $715.5M | $759.9M | $791.7M | $810.8M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology