Zai Lab Limited (ZLAB) — Financial statements
Income statement, balance sheet, and cash flow for Zai Lab Limited — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 460↑15.3% | 399↑49.6% | 267↑24.0% | 215↑49.0% | 144 | |
| Cost of Revenue | 191↑29.2% | 148↑54.3% | 96↑29.4% | 74↑41.7% | 52 | |
| Gross Profit | 269↑7.1% | 251↑46.9% | 171↑21.2% | 141↑53.2% | 92 | |
| Operating Expenses | ||||||
| R&D Expenses | 221↓5.8% | 235↓11.8% | 266↓7.2% | 286↓50.0% | 573 | |
| General & Administrative Expenses | 278↓7.1% | 299↑6.1% | 282↑42.6% | 197↓9.8% | 219 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00↓100.0% | 62 | 0.00 | |
| SG&A Expenses | 278↓7.1% | 299↑6.1% | 282↑8.7% | 259↑18.3% | 219 | |
| Other Expenses | -6 | 0.00↑100.0% | -10 | 0.00 | 0.00 | |
| Operating Expenses | 493↓7.6% | 533↓0.8% | 537↓1.4% | 545↓31.2% | 792 | |
| Total Costs & Expenses | 684↑0.4% | 681↑7.5% | 633↑2.2% | 619↓26.6% | 844 | |
| Operating Results | ||||||
| Operating Income | -224↑20.8% | -282↑23.0% | -367↑9.3% | -404↑42.2% | -700 | |
| Depreciation & Amortization | 15↓26.0% | 20↑124.6% | 9↑9.7% | 8↑26.8% | 6 | |
| EBITDA | -158↑32.5% | -235↑35.8% | -365↑16.0% | -435↑36.9% | -689 | |
| EBIT | -173↑32.0% | -255↑31.9% | -374↑15.6% | -443↑36.3% | -696 | |
| Interest & Other Income | ||||||
| Net Interest Income | 28↓20.1% | 35↓12.4% | 40↑172.9% | 15↑565.8% | 2 | |
| Interest Income | 33↓10.9% | 37↓6.8% | 40↑172.9% | 15↑565.8% | 2 | |
| Interest Expense | 5↑131.1% | 2 | 0.00 | 0.00 | 0.00 | |
| Non-Operating Income | -50↓84.5% | -27↓460.4% | 8↓80.5% | 39↑1041.1% | -4 | |
| Other Income / Expenses | 45↑80.3% | 25↓21.7% | 32↑182.1% | -39↓1062.1% | -3 | |
| Income Before Tax | -178↑30.6% | -257↑23.2% | -335↑24.5% | -443↑37.0% | -703 | |
| Income Tax Expense | -3 | 0.00 | 0.00 | 0.00↓100.0% | 1 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -176↑31.7% | -257↑23.2% | -335↑24.5% | -443↑37.1% | -704 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -176↑31.7% | -257↑23.2% | -335↑24.5% | -443↑37.1% | -704 | |
| Bottom-Line Net Income | -176↑31.7% | -257↑23.2% | -335↑24.5% | -443↑37.1% | -704 | |
| EPS (Basic) | -1.60↑38.5% | -2.60↑92.5% | -34.60↑25.3% | -46.30↑38.9% | -75.80 | |
| EPS (Diluted) | -1.60↑38.5% | -2.60↑92.5% | -34.60↑25.3% | -46.30↑38.9% | -75.80 | |
| Weighted Average Shares | 110↑10.7% | 99↑923.9% | 10↑0.9% | 10↑3.0% | 9 | |
| Weighted Average Diluted Shares | 110↑10.7% | 99↑923.9% | 10↑0.9% | 10↑3.0% | 9 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.