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Zai Lab Ltd (ZLAB)

Zai Lab Ltd brought in $449.6M of revenue over the twelve months to June 30, 2026, up 5.1% from a year earlier. It posted a net loss of $188.2M. In fiscal 2025 capital spending exceeded operating cash flow by $158.9M. At June 30, 2026 it held $607.5M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 6, 2026.

Price
$24.98
-1.19% on the day · September 25, 2026
52-week range $15.96 to $34.72
Market cap
$2.8B
Revenue (last 12 months)
$449.6M
+5.1% year on year
Net margin
-41.9%

What Zai Lab Ltd does

Zai Lab Ltd is registered with the SEC under industry code SIC 2834 (Pharmaceutical Preparations). Its shares trade on NASDAQ under the ticker ZLAB.

Revenue and profit by year

Revenue
FY18: $129K $129K FY18FY19: $13M $13M FY19FY20: $49M $49M FY20FY21: $144.3M $144.3M FY21FY22: $215M $215M FY22FY23: $266.7M $266.7M FY23FY24: $399M $399M FY24FY25: $460.2M $460.2M FY25
Net income
FY18: -$139.1M -$139.1M FY18FY19: -$195.1M -$195.1M FY19FY20: -$268.9M -$268.9M FY20FY21: -$704.5M -$704.5M FY21FY22: -$443.3M -$443.3M FY22FY23: -$334.6M -$334.6M FY23FY24: -$257.1M -$257.1M FY24FY25: -$175.5M -$175.5M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$460.2M-$229.4M-$175.5M-$0.16-$158.9M
2024$399M-$282.1M-$257.1M-$0.26-$220.5M
2023$266.7M-$366.6M-$334.6M-$0.35-$205.4M
2022$215M-$404.4M-$443.3M-$0.46-$392.2M
2021$144.3M-$700.1M-$704.5M-$0.76-$567.5M
2020$49M-$301.8M-$268.9M-$0.35-$226.2M

Latest SEC filings

What Zai Lab Ltd has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. August 6, 2026
    Quarterly report 10-Q · period to June 30, 2026
  2. August 6, 2026
  3. June 17, 2026
  4. June 11, 2026
  5. May 21, 2026
  6. May 7, 2026
    Quarterly report 10-Q · period to March 31, 2026
  7. May 7, 2026
  8. April 28, 2026
  9. April 28, 2026
  10. April 28, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on August 21, 2026. Insider transactions on SEC

All filings on SEC EDGAR

Questions about ZLAB

What does Zai Lab Ltd do?

Zai Lab Ltd is registered with the SEC under industry code SIC 2834 (Pharmaceutical Preparations). Its shares trade on NASDAQ under the ticker ZLAB.

Is Zai Lab Ltd profitable?

No. Over the twelve months to June 30, 2026 it reported a net loss of $188.2M on revenue of $449.6M.

How much revenue does Zai Lab Ltd make?

Over the twelve months to June 30, 2026 Zai Lab Ltd reported revenue of $449.6M. That is 5.1% more than a year earlier.

When did Zai Lab Ltd last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 6, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from August 21, 2026.

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Where the numbers come from

Financial figures are the values Zai Lab Ltd tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.