Zai Lab Limited (ZLAB) quarterly income statement — complete revenue, gross profit & net income history
Zai Lab Limited (ZLAB) annual income statement — 11-year revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 108.21M | 106.31M | 99.61M | 127.6M | 116.09M | 109.98M | 106.49M | 109.07M | 102.27M | 100.5M | 87.15M | 65.83M | 69.23M | 68.86M | 62.8M | 62.6M | 57.54M | 48.18M | 46.72M | 44.17M |
| Revenue Growth % | -6.79% | -3.33% | -6.46% | 16.99% | 13.52% | 9.43% | 22.19% | 65.68% | 47.72% | 45.95% | 38.78% | 5.16% | 20.31% | 42.94% | 34.4% | 41.72% | 33.49% | 30.43% | 132.42% | 192.64% |
| Cost of Goods Sold | 51.3M | 48.16M | 38.34M | 62.33M | 46.88M | 43.22M | 38.65M | 42.09M | 36.92M | 35.23M | 33.62M | 25.24M | 25.48M | 23.76M | 21.34M | 20.92M | 20.04M | 17.41M | 69.5M | 193.79M |
| COGS % of Revenue | 47.41% | 45.3% | 38.48% | 48.85% | 40.38% | 39.3% | 36.29% | 38.59% | 36.1% | 35.06% | 38.58% | 38.34% | 36.8% | 34.51% | 33.98% | 33.42% | 34.83% | 36.13% | 148.74% | 438.73% |
| Gross Profit | 56.9M | 58.15M | 61.28M | 65.27M | 69.21M | 66.76M | 67.84M | 66.98M | 65.35M | 65.27M | 53.53M | 40.59M | 43.75M | 45.1M | 41.46M | 41.68M | 37.5M | 30.77M | -22.77M | -149.62M |
| Gross Margin % | 52.59% | 54.7% | 61.52% | 51.15% | 59.62% | 60.7% | 63.71% | 61.41% | 63.9% | 64.94% | 61.42% | 61.66% | 63.2% | 65.49% | 66.02% | 66.58% | 65.17% | 63.87% | -48.74% | -338.73% |
| Gross Profit Growth % | -17.78% | -12.89% | -9.68% | -2.56% | 5.91% | 2.28% | 26.73% | 65% | 49.37% | 44.72% | 29.11% | -2.6% | 16.68% | 46.58% | 282.06% | 127.86% | 254.92% | 126.49% | 88.09% | 30.23% |
| Operating Expenses | 119.88M | 134.64M | 130.56M | 134.67M | 118.03M | 121.65M | 124.15M | 134.87M | 133.2M | 141.34M | 123.84M | 164.57M | 127.32M | 134.6M | 110.98M | 138.97M | 166.08M | 129.49M | 56.99M | 69.58M |
| OpEx % of Revenue | 110.79% | 126.65% | 131.06% | 105.54% | 101.67% | 110.62% | 116.59% | 123.65% | 130.25% | 140.63% | 142.1% | 250% | 183.91% | 195.46% | 176.73% | 221.99% | 288.63% | 268.77% | 121.97% | 157.52% |
| Selling, General & Admin | 70.07M | 72.87M | 65.07M | 73.04M | 70.11M | 71.04M | 63.42M | 82.62M | 67.22M | 79.71M | 69.19M | 82.63M | 68.55M | 67.92M | 62.51M | 72.02M | 66.56M | 63.4M | 0 | 0 |
| SG&A % of Revenue | 64.76% | 68.55% | 65.32% | 57.24% | 60.39% | 64.59% | 59.56% | 75.75% | 65.73% | 79.31% | 79.4% | 125.51% | 99.02% | 98.63% | 99.54% | 115.05% | 115.67% | 131.6% | - | - |
| Research & Development | 49.81M | 61.77M | 65.59M | 61.63M | 47.93M | 50.61M | 60.73M | 52.25M | 65.98M | 61.63M | 54.65M | 81.95M | 58.77M | 76.68M | 48.47M | 66.95M | 99.52M | 66.08M | 53.85M | 172.09M |
| R&D % of Revenue | 46.03% | 58.1% | 65.85% | 48.3% | 41.28% | 46.02% | 57.03% | 47.91% | 64.52% | 61.32% | 62.7% | 124.48% | 84.89% | 111.35% | 77.19% | 106.94% | 172.96% | 137.17% | 115.26% | 389.59% |
| Other Operating Expenses | 0 | 0 | -106K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | 0 | 0 | 0 | 0 | 1000K | -1000K |
| Operating Income | -62.98M | -76.49M | -69.28M | -69.41M | -48.82M | -54.9M | -56.31M | -67.89M | -67.85M | -76.06M | -70.31M | -123.98M | -83.57M | -89.5M | -69.52M | -97.29M | -128.58M | -98.72M | -79.76M | -219.2M |
| Operating Margin % | -58.2% | -71.95% | -69.55% | -54.39% | -42.05% | -49.91% | -52.88% | -62.25% | -66.35% | -75.68% | -80.68% | -188.34% | -120.72% | -129.97% | -110.71% | -155.42% | -223.47% | -204.91% | -170.71% | -496.24% |
| Operating Income Growth % | -29% | -39.34% | -23.03% | -2.23% | 28.05% | 27.83% | 19.91% | 45.24% | 18.81% | 15.01% | -1.13% | -27.43% | 35.01% | 9.33% | 12.84% | 55.61% | -54.54% | 42.13% | 64.88% | -130.11% |
| EBITDA | -46.43M | -72.32M | -65.33M | -65.49M | -44.92M | -51.16M | -52.85M | -64.86M | -64.98M | -73.12M | -67.3M | -121.52M | -81.65M | -87.51M | -66.86M | -95.17M | -126.36M | -96.86M | -77.75M | -217.32M |
| EBITDA Margin % | -42.91% | -68.02% | -65.59% | -51.33% | -38.69% | -46.52% | -49.63% | -59.47% | -63.54% | -72.76% | -77.22% | -184.6% | -117.95% | -127.07% | -106.48% | -152.02% | -219.6% | -201.04% | -166.4% | -492% |
| EBITDA Growth % | -3.36% | -41.35% | -23.62% | -0.97% | 30.87% | 30.04% | 21.46% | 46.63% | 20.42% | 16.44% | -0.65% | -27.69% | 35.38% | 9.65% | 14% | 56.21% | -54.91% | 42.7% | 65.54% | -131.52% |
| D&A (Non-Cash Add-back) | 0 | 4.17M | 3.94M | 3.92M | 3.9M | 3.73M | 3.46M | 3.03M | 2.87M | 2.94M | 3.01M | 2.46M | 1.92M | 2M | 2.66M | 2.13M | 2.23M | 1.86M | 2.01M | 1.88M |
| EBIT | -46.43M | -50.26M | -47.94M | -51.98M | -34.56M | -39.47M | -47.25M | -80.78M | -40.93M | -79.78M | -53.36M | -121.55M | -83.57M | -120.89M | -49.14M | -136M | -128.58M | -98.72M | -79.76M | -219.2M |
| Net Interest Income | 4.15M | 4.29M | 4.81M | 5.89M | 6.95M | 7.58M | 7.42M | 8.18M | 8.28M | 8.84M | 9.54M | 10.3M | 9.17M | 10.09M | 10.23M | 9.35M | 3.87M | 1.18M | 188K | 1.02M |
| Interest Income | 5.73M | 5.88M | 6.45M | 7.25M | 8.35M | 8.84M | 8.61M | 9.09M | 9.03M | 9.33M | 9.66M | 10.3M | 9.17M | 10.09M | 10.23M | 9.35M | 3.87M | 1.18M | 188K | 1.02M |
| Interest Expense | 1.58M | 1.59M | 1.64M | 1.36M | 1.4M | 1.26M | 1.19M | 904K | 745K | 492K | 113K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 14.97M | 24.64M | 19.7M | 16.07M | 12.86M | 14.17M | 7.87M | -13.79M | 26.18M | -4.21M | 16.84M | 28.55M | 14.42M | -31.39M | 20.38M | 35.52M | -32.61M | -39.22M | -2.63M | 7.37M |
| Pretax Income | -48.01M | -51.85M | -49.58M | -53.34M | -35.96M | -40.73M | -48.44M | -81.68M | -41.67M | -80.28M | -53.47M | -95.43M | -69.15M | -120.89M | -49.14M | -61.77M | -161.19M | -137.93M | -82.39M | -211.82M |
| Pretax Margin % | -44.37% | -48.77% | -49.77% | -41.8% | -30.98% | -37.03% | -45.49% | -74.89% | -40.75% | -79.87% | -61.36% | -144.96% | -99.89% | -175.56% | -78.26% | -98.67% | -280.14% | -286.31% | -176.34% | -479.56% |
| Income Tax | -1.87M | -1.02M | 1.44M | -2.93M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 3.9% | 1.97% | -2.9% | 5.49% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -46.14M | -50.83M | -51.02M | -50.41M | -35.96M | -40.73M | -48.44M | -81.68M | -41.67M | -80.28M | -53.47M | -95.43M | -69.15M | -120.89M | -49.14M | -61.77M | -161.19M | -137.93M | -82.39M | -211.82M |
| Net Margin % | -42.64% | -47.81% | -51.22% | -39.51% | -30.98% | -37.03% | -45.49% | -74.89% | -40.75% | -79.87% | -61.36% | -144.96% | -99.89% | -175.56% | -78.26% | -98.67% | -280.14% | -286.31% | -176.34% | -479.56% |
| Net Income Growth % | -28.29% | -24.79% | -5.32% | 38.29% | 13.7% | 49.27% | 9.41% | 14.4% | 39.74% | 33.6% | -8.8% | -54.49% | 57.1% | 12.35% | 40.35% | 70.84% | -67.19% | 15.55% | 64.62% | -176.73% |
| Net Income (Continuing) | -46.14M | -50.83M | -51.02M | -50.41M | -35.96M | -40.73M | -48.44M | -81.68M | -41.67M | -80.28M | -53.47M | -95.43M | -69.15M | -120.89M | -49.14M | -61.77M | -161.19M | -137.93M | -82.39M | -211.82M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.40 | -0.50 | -0.50 | -0.46 | -0.33 | -0.37 | -0.45 | -0.80 | -4.30 | -8.20 | -5.50 | -9.80 | -7.10 | -12.50 | -5.10 | -6.40 | -16.80 | -14.40 | -8.60 | -22.20 |
| EPS Growth % | -21.21% | -35.14% | -11.11% | 42.5% | 92.33% | 95.49% | 91.82% | 91.84% | 39.44% | 34.4% | -7.84% | -53.13% | 57.74% | 13.19% | 40.7% | 71.17% | -66.34% | 18.18% | 67.42% | -155.17% |
| EPS (Basic) | -0.40 | -0.50 | -0.50 | -0.46 | -0.33 | -0.37 | -0.45 | -0.80 | -4.30 | -8.20 | -5.50 | -9.80 | -7.10 | -12.50 | -5.10 | -6.40 | -16.80 | -14.40 | -8.60 | -22.20 |
| Diluted Shares Outstanding | 112.34M | 111.7M | 110.74M | 110.61M | 110.21M | 109.19M | 108.08M | 101.75M | 9.76M | 9.76M | 9.73M | 9.7M | 9.69M | 9.65M | 9.61M | 9.6M | 9.59M | 9.58M | 9.55M | 9.54M |
| Basic Shares Outstanding | 112.34M | 111.7M | 110.74M | 110.61M | 110.21M | 109.19M | 108.08M | 101.75M | 9.76M | 9.76M | 9.73M | 9.7M | 9.69M | 9.65M | 9.61M | 9.6M | 9.59M | 9.58M | 9.55M | 9.54M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |