Zai Lab Limited (ZLAB) Revenue History
Annual and quarterly revenue from 2015 to present
ZLAB Revenue Over Time (2015–2025)
ZLAB Revenue Growth History
7 of 7 years with positive growth- FY2015 revenue growth
- N/A
- FY2016 revenue growth
- N/A
- FY2017 revenue growth
- N/A
- FY2018 revenue growth
- N/A
- FY2019 revenue growth
- +9930.6%
- FY2020 revenue growth
- +277.0%
- FY2021 revenue growth
- +194.8%
- FY2022 revenue growth
- +49.0%
- FY2023 revenue growth
- +24.0%
- FY2024 revenue growth
- +49.6%
- FY2025 revenue growth
- +15.3%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $99.6M | -6.5% |
| Q4 2025 | $127.6M | +17.0% |
| Q3 2025 | $116.1M | +13.5% |
| Q2 2025 | $110.0M | +9.4% |
| Q1 2025 | $106.5M | +22.2% |
| Q4 2024 | $109.1M | +65.7% |
| Q3 2024 | $102.3M | +47.7% |
| Q2 2024 | $100.5M | +45.9% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
ZLAB's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
ZLAB Revenue Analysis (2015–2025)
Current Revenue & Growth
As of June 21, 2026, Zai Lab Limited (ZLAB) generated trailing twelve-month (TTM) revenue of $453.3 million, reflecting moderate decline in growth of -6.5% year-over-year. The most recent quarter (Q1 2026) recorded $99.6 million in revenue, down 21.9% sequentially.
Historical Growth Trajectory
ZLAB's 5-year compound annual growth rate (CAGR) stands at +56.5%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +28.9% is below the 5-year average, signalling a growth deceleration in recent years. Zai Lab Limited's highest annual revenue of $460.2 million was recorded in 2025, an all-time high.
Revenue by Segment
ZLAB's revenue is primarily driven by Zejula (57%), Nuzyra (18%), and Optune (14%). With over half of revenue concentrated in Zejula, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Healthcare sector peers — including LEGN (+56.4% YoY), ZYME (-13.0% YoY), and CAN (+96.8% YoY) — ZLAB has underperformed the peer group in revenue growth. Compare ZLAB vs LEGN →
ZLAB Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ZLABCurrent | $453M | -6.5% | +56.5% | -48.6% | |
 LEGN | $1.0B | +56.4% | +68.8% | -13.3% | |
 ZYME | $106M | -13.0% | +22.2% | -87.3% | |
 CAN | $530M | +96.8% | +50.5% | -21.2% | |
 RCUS | $247M | +67.4% | +25.9% | -156.3% |
ZLAB Historical Revenue Data (2015–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $460.2M | +15.3% | $269.1M | 58.5% | $-223,572,000 | -48.6% |
| 2024 | $399.0M | +49.6% | $251.1M | 62.9% | $-282,117,000 | -70.7% |
| 2023 | $266.7M | +24.0% | $170.9M | 64.1% | $-366,573,000 | -137.4% |
| 2022 | $215.0M | +49.0% | $141.0M | 65.6% | $-404,357,000 | -188.0% |
| 2021 | $144.3M | +194.8% | $92.1M | 63.8% | $-700,064,000 | -485.1% |
| 2020 | $49.0M | +277.0% | $-190,489,000 | -389.1% | $-301,801,000 | -616.4% |
| 2019 | $13.0M | +9930.6% | $9.2M | 71.1% | $-203,195,939 | -1564.9% |
| 2018 | $129K | - | $86K | 66.3% | $-141,768,082 | -109514.0% |
| 2017 | $0 | - | $0 | - | $-51,391,036 | - |
| 2016 | $0 | - | $0 | - | $-38,529,301 | - |
| 2015 | $0 | - | $0 | - | $-16,349,437 | - |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
11+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
ZLAB — Frequently Asked Questions
Quick answers to the most common questions about buying ZLAB stock.
Is ZLAB's revenue growth accelerating or slowing?
ZLAB revenue is declining -6.5% year-over-year. TTM revenue fell to $453M, contrasting with the 5-year CAGR of +56.5%. The reversal reflects either macro headwinds or company-specific challenges.
What is ZLAB's revenue history from 2015 to 2026?
Zai Lab Limited (ZLAB) revenue history spans 2015 to 2026. TTM revenue as of 2026 is $453M, growing at -6.5% YoY. The 5-year CAGR is +56.5%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is ZLAB's long-term revenue growth rate (CAGR)?
Zai Lab Limited's 5-year revenue CAGR of +56.5% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -6.5% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for ZLAB.
Why does ZLAB's quarterly revenue fluctuate?
ZLAB quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Zai Lab Limited's revenue data from 2015 to 2026 shows full historical quarterly detail on this page.
How is ZLAB's revenue distributed by segment?
ZLAB reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does ZLAB's revenue compare to industry peers?
Zai Lab Limited (ZLAB) with TTM revenue of $453M and -6.5% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.