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10-K

Annual Report

Zai Lab Ltd ZLAB

0001704292-26-000015

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Filed
Feb 26, 2026 12:00 AM ET
Period of report

On SEC.gov

Financials in this filing

Metric Period Value
Shares Diluted FY 2025 · Dec 31, 2025 1.1B sh
Shares Diluted FY 2025 · Dec 31, 2024 989.48M sh
Shares Diluted FY 2025 · Dec 31, 2023 966.39M sh
Capex FY 2025 · Dec 31, 2025 $8.1M
Capex FY 2025 · Dec 31, 2024 $5.66M
Capex FY 2025 · Dec 31, 2023 $7.21M
Operating Cash Flow FY 2025 · Dec 31, 2025 −$150.79M
Operating Cash Flow FY 2025 · Dec 31, 2024 −$214.87M
Operating Cash Flow FY 2025 · Dec 31, 2023 −$198.18M
Short Term Debt FY 2025 · Dec 31, 2025 $204.53M
Short Term Debt FY 2025 · Dec 31, 2024 $131.71M
Short Term Investments FY 2025 · Dec 31, 2025 $10M
Short Term Investments FY 2025 · Dec 31, 2024 $330M
Cash And Equivalents FY 2025 · Dec 31, 2025 $679.57M
Cash And Equivalents FY 2025 · Dec 31, 2024 $449.67M
Stockholders Equity FY 2025 · Dec 31, 2025 $715.5M
Stockholders Equity FY 2025 · Dec 31, 2024 $840.9M
Stockholders Equity FY 2025 · Dec 31, 2023 $796.12M
Stockholders Equity FY 2025 · Dec 31, 2022 $1.05B
Current Liabilities FY 2025 · Dec 31, 2025 $416.17M
Current Liabilities FY 2025 · Dec 31, 2024 $299.39M
Total Liabilities FY 2025 · Dec 31, 2025 $456.88M
Total Liabilities FY 2025 · Dec 31, 2024 $344.86M
Current Assets FY 2025 · Dec 31, 2025 $1.02B
Current Assets FY 2025 · Dec 31, 2024 $1.05B
Total Assets FY 2025 · Dec 31, 2025 $1.17B
Total Assets FY 2025 · Dec 31, 2024 $1.19B
Eps Diluted FY 2025 · Dec 31, 2025 −$0.16
Eps Diluted FY 2025 · Dec 31, 2024 −$0.26
Eps Diluted FY 2025 · Dec 31, 2023 −$0.35
Eps Basic FY 2025 · Dec 31, 2025 −$0.16
Eps Basic FY 2025 · Dec 31, 2024 −$0.26
Eps Basic FY 2025 · Dec 31, 2023 −$0.35
Sga Expense FY 2025 · Dec 31, 2025 $277.61M
Sga Expense FY 2025 · Dec 31, 2024 $298.74M
Sga Expense FY 2025 · Dec 31, 2023 $281.61M
Rd Expense FY 2025 · Dec 31, 2025 $220.9M
Rd Expense FY 2025 · Dec 31, 2024 $234.5M
Rd Expense FY 2025 · Dec 31, 2023 $265.87M
Net Income FY 2025 · Dec 31, 2025 −$175.54M
Net Income FY 2025 · Dec 31, 2024 −$257.1M
Net Income FY 2025 · Dec 31, 2023 −$334.62M
Operating Income FY 2025 · Dec 31, 2025 −$229.43M
Operating Income FY 2025 · Dec 31, 2024 −$282.12M
Operating Income FY 2025 · Dec 31, 2023 −$366.57M
Revenue FY 2025 · Dec 31, 2025 $457.18M
Revenue FY 2025 · Dec 31, 2024 $397.61M
Revenue FY 2025 · Dec 31, 2023 $266.72M