Zai Lab Ltd financial data

Symbol
ZLAB on Nasdaq
Location
Shanghai
Fiscal year end
31 December
Latest financial report
10-K - Q4 2025 - 26 Feb 2026

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 289% % -19%
Quick Ratio 18% % 16%
Debt-to-equity 52% % 31%
Return On Equity -23% % 34%
Return On Assets -15% % 39%
Operating Margin -50% % 29%

Shares

Label TTM Value / Value Unit Change %
Common Stock, Shares, Outstanding 1,106,389,340 shares 2.7%
Entity Public Float $3,800,000,000 USD 124%
Common Stock, Value, Issued $7,000 USD 0%
Weighted Average Number of Shares Outstanding, Basic 1,095,311,090 shares 11%
Weighted Average Number of Shares Outstanding, Diluted 1,095,311,090 shares 11%

Income Statement

Label TTM Value / Value Unit Change %
Revenues $460,156,000 USD 15%
Revenue from Contract with Customer, Excluding Assessed Tax $457,182,000 USD 15%
Cost of Revenue $108,098,000 USD 36%
Research and Development Expense $220,904,000 USD -5.8%
Operating Income (Loss) $229,434,000 USD 19%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $178,464,000 USD 31%
Income Tax Expense (Benefit) $2,927,000 USD
Net Income (Loss) Attributable to Parent $175,537,000 USD 32%
Earnings Per Share, Basic -0.16 USD/shares 38%
Earnings Per Share, Diluted -0.16 USD/shares 38%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value $679,573,000 USD 51%
Accounts Receivable, after Allowance for Credit Loss, Current $106,116,000 USD 25%
Inventory, Net $74,745,000 USD 87%
Assets, Current $1,019,286,000 USD -3%
Deferred Income Tax Assets, Net $3,390,000 USD
Property, Plant and Equipment, Net $47,389,000 USD -1.2%
Operating Lease, Right-of-Use Asset $19,152,000 USD -11%
Intangible Assets, Net (Excluding Goodwill) $76,144,000 USD 36%
Other Assets, Noncurrent $3,054,000 USD -47%
Assets $1,172,384,000 USD -1.1%
Accounts Payable, Current $141,608,000 USD 40%
Employee-related Liabilities, Current $28,485,000 USD -5.7%
Liabilities, Current $416,166,000 USD 39%
Operating Lease, Liability, Noncurrent $13,385,000 USD -2.4%
Other Liabilities, Noncurrent $0 USD -100%
Liabilities $456,884,000 USD 32%
Accumulated Other Comprehensive Income (Loss), Net of Tax $29,697,000 USD -41%
Retained Earnings (Accumulated Deficit) $2,628,620,000 USD -7.2%
Stockholders' Equity Attributable to Parent $715,500,000 USD -15%
Liabilities and Equity $1,172,384,000 USD -1.1%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities $61,699,000 USD 32%
Net Cash Provided by (Used in) Financing Activities $43,141,000 USD -9.3%
Net Cash Provided by (Used in) Investing Activities $326,133,000 USD 9807%
Common Stock, Shares Authorized 5,000,000,000 shares 0%
Common Stock, Shares, Issued 1,113,822,550 shares 2.9%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $307,595,000 USD
Interest Paid, Excluding Capitalized Interest, Operating Activities $1,101,000 USD 2347%
Deferred Tax Assets, Valuation Allowance $429,181,000 USD 8.7%
Operating Lease, Liability $19,729,000 USD -9.3%
Depreciation $9,100,000 USD 5.8%
Payments to Acquire Property, Plant, and Equipment $1,534,000 USD 57%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $196,355,000 USD 20%
Lessee, Operating Lease, Liability, to be Paid $20,439,000 USD -12%
Property, Plant and Equipment, Gross $89,552,000 USD 5.3%
Operating Lease, Liability, Current $6,344,000 USD -21%
Lessee, Operating Lease, Liability, to be Paid, Year Two $5,655,000 USD 13%
Lessee, Operating Lease, Liability, to be Paid, Year One $6,598,000 USD -23%
Operating Lease, Weighted Average Discount Rate, Percent 0.032 pure -5.9%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $710,000 USD -49%
Lessee, Operating Lease, Liability, to be Paid, Year Three $4,477,000 USD 20%
Deferred Tax Assets, Operating Loss Carryforwards $349,118,000 USD 8.7%
Unrecognized Tax Benefits $0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four $2,875,000 USD -1.1%
Amortization of Intangible Assets $5,900,000 USD 84%
Depreciation, Depletion and Amortization $3,458,000 USD 15%
Deferred Tax Assets, Net of Valuation Allowance $6,911,000 USD 83%
Share-based Payment Arrangement, Expense $65,598,000 USD -7.2%
Interest Expense $113,000 USD