Zai Lab Ltd.

Zai Lab Ltd.

17.84
HKD
-1.94
(-9.81%)
-1.33EPS
16.23BMarket Cap
Nov 05Next Earn
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
- -
0.02
0.06
0.16
0.22
0.28
0.4
0.42
0.41
Basic EPS, GAAP
-0.04
-0.08
-0.23
-0.26
-0.3
-0.35
-0.76
-0.46
-0.35
-0.26
-0.16
-0.17
Free Cash Flow per Basic Share
-0.02
-0.07
-0.19
-0.2
-0.32
-0.29
-0.61
-0.41
-0.21
-0.28
-0.15
-0.15
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-0.02
-0.06
4.71
4.3
4.31
1.33
1.45
1.09
0.82
0.78
0.65
0.54
Tangible Book Value per Share
-0.02
-0.06
4.71
4.3
4.18
1.32
1.43
1.08
0.8
0.73
0.58
0.46
Basic Weighted Avg Shares
493
493
218
526
644
777
930
958
966
989
1,095
1,108
Sales/Revenue/Turnover
- -
- -
- -
- -
13
49
144
215
267
399
460
450
Operating Margin (%)
- -
- -
- -
-109,897.67
-1,564.85
-616.45
-482.25
-182.7
-140.27
-68.66
-48.59
-58.27
Depreciation Expense
- -
- -
1
2
4
5
6
8
9
12
15
16
Net Income, GAAP
-18
-38
-50
-139
-195
-269
-704
-443
-335
-257
-176
-188
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
- -
- -
-107,810.08
-1,502.28
-549.26
-488.16
-206.14
-125.46
-64.44
-38.15
-41.86
Working Capital
9
79
219
220
246
1,118
1,308
984
737
751
603
485
LT Debt
- -
- -
- -
- -
11
13
10
13
8
14
13
11
Total Equity
-18
-52
235
251
295
1,169
1,380
1,046
796
841
716
607
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
-57.2
-71.49
-36.74
-55.27
-36.55
-36.34
-31.41
-22.56
-26.91

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
211
220
243
LT Borrowings
- -
- -
- -
LT Finance Leases
13
12
11
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,106
1,110
1,122
Market Capitalization
1,941
1,940
2,070

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,019
945
914
Cash, Cash Equivalents & STI
690
661
618
Accounts Receivable, Net
106
54
70
Inventories
75
86
91
Total Current Liabilities
416
393
429
Payables & Accruals
198
167
183
ST Debt
211
220
243
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-9.39%
-7.87%
-14.91%
Free Cash Flow
52.89%
13.1%
-40.59%
Net Income, GAAP
44.21%
9.1%
-31.73%
Sales/Revenue/Turnover
- -
66.55%
15.33%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
87
101
102
109
399
2025
106
110
116
128
460
2026
100
106
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.05
-0.08
-0.04
-0.08
-0.26
2025
-0.04
-0.04
-0.03
-0.05
-0.16
2026
-0.05
-0.05
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Ying Du
Full Time Employees
1,784
Sector
Health technology
Industry
Biotechnology
Address
Jinchuang Plaza Shanghai SH China 201210
IPO Date
Sep 28, 2020
Business
Zai Lab Limited (9688.HK; ZLAB) is an innovation-driven, commercial-stage global biopharmaceutical company that discovers, develops, manufactures, and commercializes transformative therapies addressing unmet medical needs in oncology, immunology, neuroscience, and infectious diseases; its core approved products in Greater China include Zejula (niraparib, PARP inhibitor for ovarian, fallopian tube, and primary peritoneal cancer maintenance), VYVGART and VYVGART Hytrulo (efgartigimod alfa-fc and subcutaneous formulation, FcRn inhibitors for generalized myasthenia gravis and chronic inflammatory demyelinating polyneuropathy), NUZYRA (omadacycline, antibiotic for infectious diseases), Optune (tumor treating fields device for glioblastoma and first-line pancreatic cancer), QINLOCK (ripretinib, kinase inhibitor for gastrointestinal stromal tumors), Adcetris (brentuximab vedotin, CD30-targeted antibody-drug conjugate for relapsed/refractory Hodgkin lymphoma and systemic anaplastic large cell lymphoma), Nuzhaura, and eight marketed products overall supported by specialized commercial teams in oncology, autoimmune, and neurology franchises. Founded in 2014 by Dr. Samantha Du and headquartered in Shanghai, China (4560 Jinke Road, Pudong) with additional key sites in Cambridge, Massachusetts, USA, and manufacturing facilities in Suzhou for small-molecule oral solids (20 million capsules/50 million tablets capacity) and biologics pilots, the company operates primarily in Greater China with global R&D, clinical development, regulatory, and partnering capabilities spanning the US, Europe, and Asia; it maintains an internal discovery platform in Shanghai and San Francisco Bay Area for small molecules, biologics, and human transgenic mouse antibodies in oncology and immunology, complemented by in-house clinical operations (over 80% medically trained staff), pharmacovigilance, and strategic academic collaborations. Recent developments include presentation of first/best-in-class data for zocilurtatug pelitecan (zoci, DLL3-targeted ADC, formerly ZL-1310) at the 2025 Triple Meeting supporting global Phase 3 initiation in second-line+ extensive-stage small cell lung cancer, alongside first-line combination data readouts in 1H2026 and novel combo Phase 1 in 2026; initiation of global Phase 1 for ZL-1503 (IL-13/IL-31 bispecific antibody for atopic dermatitis) and planned IND for ZL-6201 (LRRC15 ADC for solid tumors) by end-2025; upcoming NMPA submissions for tumor treating fields in first-line pancreatic cancer and efgartigimod prefilled syringe in gMG/CIDP in 4Q2025; progression of partnered programs such as argenx's povetacicept (APRIL/BAFF dual inhibitor) in IgA nephropathy with Vertex interim Phase 3 analysis and potential US accelerated approval, VRDN-003 subcutaneous anti-IGF-1R for thyroid eye disease with Greater China registrational start in 4Q2025 and global topline data in 1Q/2Q2026, and topline thyroid eye disease data from argenx's UplighTED studies in 2H2026; achievement of Q3 2025 total revenue of $116 million (13% YoY growth) driven by product sales including Zejula (+54% YoY), VYVGART (+2% YoY), and NUZYRA amid robust pipeline expansion and 2024 full-year revenue growth to $264-399 million from key brands like Nuzhaura ($94.7 million, +136% YoY), QINLOCK ($85.4 million, +23% YoY), and Optune ($56.3 million, +12% YoY).

Company News

  • Zai Lab to Announce Third Quarter 2026 Financial Results and Recent Corporate Updates on November 5, 2026

  • Zai Lab Limited Unsponsored ADR (ZLAB) – What Are Brokerages Thinking About This Stock?

  • Zai Lab to Present Data From First Clinical Trial Evaluating ZL-1503, an IL-13/IL-31Rα Bispecific Antibody, for Atopic Diseases

  • Janux Therapeutics (NASDAQ:JANX) and Zai Lab (NASDAQ:ZLAB) Head-To-Head Survey

  • Analyzing Zai Lab (NASDAQ:ZLAB) and Cytokinetics (NASDAQ:CYTK)

  • Zai Lab (NASDAQ:ZLAB) Shares Climb 3.8% – Here’s Why

  • Zai Lab to Present First Global Data from Clinical Trial Evaluating Zocilurtatug Pelitecan (Zoci) As First-Line Treatment for Extensive-Stage Small Cell Lung Cancer (ES-SCLC)

  • Bristol Myers Squibb vs. Pfizer: Which Healthcare Stock Is a Better Buy in 2026?

  • Z.ai shares surge 8% after releasing new AI model running only on Chinese chips

  • Zai Lab: Revenue Growth And Zoci's Upside Optionality

  • Zai Lab and argenx Announce Positive Topline Results from Phase 3 ALKIVIA Trial of Efgartigimod in Autoimmune Myositis

  • Zai Lab Q2 Earnings Call Highlights

  • Zai Lab Limited (ZLAB) Q2 2026 Earnings Call Transcript

  • Here's What Key Metrics Tell Us About Zai Lab Limited (ZLAB) Q2 Earnings

  • Zai Lab Announces Second Quarter 2026 Financial Results and Recent Corporate Updates

  • Zai Lab Limited Unsponsored ADR (NASDAQ:ZLAB) Receives Average Rating of “Moderate Buy” from Analysts

  • U.S. FDA Grants Orphan Drug Designation to Zai Lab's DLL3-Targeting ADC Zocilurtatug Pelitecan (Zoci) for the Treatment of Neuroendocrine Carcinomas (NECs)

  • Viridian Therapeutics (NASDAQ:VRDN) and Zai Lab (NASDAQ:ZLAB) Financial Review

  • Zai Lab to Announce Second Quarter 2026 Financial Results and Recent Corporate Updates on August 6, 2026

  • Zai Lab Receives EMA Orphan Drug Designation for Zocilurtatug Pelitecan (Zoci) in Pulmonary Neuroendocrine Carcinomas