Zai Lab Financial Statements
NASDAQ: ZLABHealth CareBiotechnology: Pharmaceutical PreparationsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Zai Lab revenue and earnings
In fiscal 2025, Zai Lab generated $460.2 million in revenue, up 15.3% from fiscal 2024, its 7th consecutive year of revenue growth. Zai Lab reported a net loss of $175.5 million, compared with a loss of $257.1 million a year earlier. Gross margin was 58.6% (down from 63.1%) and operating margin -49.9%.
Diluted earnings per share came in at -$0.16. Over the last 5 fiscal years, ZLAB's revenue has grown at a 56.5% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Zai Lab income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 460.16M | 398.99M | 266.72M | 215.04M | 144.31M | 48.96M | 12.98M | 129.00K | — | — |
| Revenue growth (YoY) | +15.33% | +49.59% | +24.03% | +49.01% | +194.77% | +277.04% | +9965.89% | — | — | — |
| Cost of Revenue | 190.52M | 147.12M | 95.82M | 74.02M | 52.24M | 16.74M | 3.75M | 43.00K | — | — |
| Gross Profit | 269.64M | 251.87M | 170.90M | 141.02M | 92.07M | 32.22M | 9.24M | 85.86K | — | — |
| Operating Expenses | 499.07M | 533.99M | 537.48M | 545.38M | 792.14M | 334.02M | 212.43M | 141.85M | — | — |
| Research & Development | 220.90M | 234.50M | 265.87M | 286.41M | 573.31M | 222.71M | 142.22M | 120.28M | 39.34M | 32.15M |
| Selling, General & Admin | 277.61M | 298.74M | 281.61M | 258.97M | 218.83M | 111.31M | 70.21M | 21.58M | 12.05M | 6.38M |
| Operating Income | -229.43M | -282.12M | -366.57M | -404.36M | -700.06M | -301.80M | -203.20M | -141.77M | -51.39M | -38.53M |
| Interest Expense | 5.21M | 2.25M | 0 | 0 | 0 | 181.00K | 293.00K | 40.00K | — | — |
| Other Income (Expense) | 3.54M | 5.30M | 7.01M | 3.11M | -10.20M | 7.42M | 938.00K | 59.00K | 530.00K | 2.53M |
| Pretax Income | -178.46M | -257.10M | -334.62M | -443.29M | -704.47M | -268.90M | -195.07M | -139.07M | -50.38M | -37.51M |
| Income Tax | -2.93M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net Income | -175.54M | -257.10M | -334.62M | -443.29M | -704.47M | -268.90M | -195.07M | -139.07M | -50.38M | -37.51M |
| Net Income growth (YoY) | — | — | — | — | — | — | — | — | — | — |
| EPS (Basic) | -0.16 | -0.26 | -0.35 | -0.46 | -0.76 | -0.35 | -3.03 | -2.64 | -2.32 | -3.97 |
| EPS (Diluted) | -0.16 | -0.26 | -0.35 | -0.46 | -0.76 | -0.35 | -3.03 | -2.64 | -2.32 | -3.97 |
| Shares Outstanding (Basic) | 1.10B | 989.48M | 966.39M | 958.07M | 929.92M | 776.68M | 64.37M | 52.61M | 21.75M | 9.44M |
| Shares Outstanding (Diluted) | 1.10B | 989.48M | 966.39M | 958.07M | 929.92M | 776.68M | 64.37M | 52.61M | 21.75M | 9.44M |
| EBITDA | -214.42M | -270.26M | -357.54M | -396.13M | -693.58M | -297.16M | -199.43M | -140.12M | -50.84M | -38.33M |
| Gross Margin | 58.60% | 63.13% | 64.08% | 65.58% | 63.80% | 65.82% | 71.13% | 66.56% | — | — |
| Operating Margin | -49.86% | -70.71% | -137.44% | -188.04% | -485.10% | -616.45% | -1564.85% | -109897.67% | — | — |
| Net Margin | -38.15% | -64.44% | -125.46% | -206.14% | -488.16% | -549.26% | -1502.28% | -107810.08% | — | — |
This table shows 10 annual periods of Zai Lab's income statement, from FY 2025 back to FY 2016, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow ZLAB's reporting calendar. What is a income statement?