Company Analysis

Zai Lab Limited (ZLAB)

Nasdaq: ZLAB · Pharmaceutical Preparations · Shanghai · filing with the SEC since 2017
Grade6.0
◀ Past 7.1● Present 6.2▶ Future 4.6
1 est.
The companyfiscal 2025, as filed
Revenue$457M+15.0%
Net income-$176M+31.7%
Earnings per share$-0.16+38.5%
Operating cash flow-$151M+29.8%
Cash$680M+51.1%
Debtn/a
Shareholders’ equity$716M-14.9%
Shares, diluted1.10B+10.7%
Return on equity-24.5%
The recordfrom its filings
Filings in 2026107
Newest filingNov 9 · D
Annual reportFeb 26, 2026
Quarterly reportNov 5, 2026
Next report due10-K by Mar 1
Insider sales, 12 months$11.1M
Insider buys, 12 months$100,000
Patents granted2
Filer categoryLarge accelerated filer
Trailing twelve months to Sep 2026Revenue $436MNet income -$198MCash from operations -$159Mthe four newest filed quarters added
Left: the newest annual report, with the change on the year before. Right: counted from the company's own filings with the SEC.
Revenue and net income by fiscal yearRevenueNet income
16171819202122232425
As filed, in USD. Nothing here is a forecast.

The company now

Zai Lab agreed on 22 October 2026 to place 11,340,000 American depositary shares (ADSs, the form in which its ordinary shares trade in the United States) with investors, for gross proceeds of about $250 million 23. The company said the money mainly supports the global development of zocilurtatug pelitecan (zoci), its antibody-drug conjugate aimed at a protein called DLL3 3. TCGX led the round 3.

The same week, on 23 October, the company shared the first global data for zoci with atezolizumab as first treatment for extensive-stage small cell lung cancer 4. Among 33 patients on the 1.6 mg/kg dose, the confirmed response rate was 81.8 percent 4. The company said a global Phase 3 study of that approach is expected to start by the end of 2026 4.

The latest quarterly results on file, for the second quarter of 2026, show total revenue of $106.3 million against $110.0 million a year earlier 1. Net loss was $50.8 million 1.

Cash, short-term investments and current restricted cash totaled $717.5 million at 30 June 2026 1. Zai Lab set 5 November 2026 for its third quarter results 13.

As of Nov 4, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.

News

Nov 5, 2026 · SEC EDGAR · Form 10-Q
Quarterly report
Open the filing on sec.gov
Nov 5, 2026 · SEC EDGAR · Form 8-K
Results released
Open the filing on sec.gov
Oct 23, 2026 · SEC EDGAR · Form 8-K
Current report
Open the filing on sec.gov
Oct 5, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
Aug 21, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
Aug 18, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
Aug 13, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
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SI Assistanton ZLAB · research, not advice