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Zai Lab Limited

HKD 19.04 +$5.46 (+40.21%)

HKSE · 15 Sep 2026 08:08 UTC

Previous Close

HKD 18.96

Day Range

HKD 18.87HKD 19.34

Year Range

HKD 12.31HKD 27.28

Market Cap

21.5B

AVG Volume

10.35M

Trailing/Forward PE

-13.93/-

PEG ratio

3.8

Dividend Yield

Next Earnings Date

2026-11-10

Primary Exchange

Hong Kong Stock Exchange

Revenue (USD)

9688.HK Revenue (USD) by quarter
Period	Revenue (USD)
26 Q2	106.31M
26 Q1	99.31M
25 Q4	127.48M
25 Q3	116.09M
25 Q2	109.98M
25 Q1	106.49M
24 Q4	109.07M
24 Q3	102.27M
24 Q2	100.5M
24 Q1	87.15M

Net Income (USD)

9688.HK Net Income (USD) by quarter
Period	Net Income (USD)
26 Q2	-50.83M
26 Q1	-50.86M
25 Q4	-50.36M
25 Q3	-35.96M
25 Q2	-40.73M
25 Q1	-48.44M
24 Q4	-81.68M
24 Q3	-41.67M
24 Q2	-80.28M
24 Q1	-53.47M

Operating Income (USD)

9688.HK Operating Income (USD) by quarter
Period	Operating Income (USD)
26 Q2	-76.49M
26 Q1	-69.18M
25 Q4	-69.34M
25 Q3	-48.82M
25 Q2	-54.9M
25 Q1	-56.31M
24 Q4	-67.89M
24 Q3	-67.85M
24 Q2	-76.06M
24 Q1	-70.31M

EBITDA (USD)

9688.HK EBITDA (USD) by quarter
Period	EBITDA (USD)
26 Q2	-46.09M
26 Q1	-63.48M
25 Q4	-63.85M
25 Q3	-30.66M
25 Q2	-35.73M
25 Q1	-43.79M
24 Q4	-77.75M
24 Q3	-38.05M
24 Q2	-76.84M
24 Q1	-50.35M

Cash Flows (USD)

9688.HK Cash Flows (USD) by quarter
Period	Cash Flows (USD)
26 Q2	-64.87M
26 Q1	-15.33M
25 Q4	-18.42M
25 Q3	-36.13M
25 Q2	-35.2M
25 Q1	-65.57M
24 Q4	-73.52M
24 Q3	-56.71M
24 Q2	-43.05M
24 Q1	-103.11M

EPS (USD)

9688.HK EPS (USD) by quarter
Period	EPS (USD)
26 Q2	-0.05
26 Q1	-0.05
25 Q4	-0.04
25 Q3	-0.03
25 Q2	-0.04
25 Q1	-0.04
24 Q4	-0.08
24 Q3	-0.43
24 Q2	-0.82
24 Q1	-0.55

Expenses (USD)

9688.HK Expenses (USD) by quarter
Period	Expenses (USD)
26 Q2	136.1M
26 Q1	131.46M
25 Q4	135.23M
25 Q3	122.12M
25 Q2	125.83M
25 Q1	128.02M
24 Q4	152.62M
24 Q3	163.09M
24 Q2	142.21M
24 Q1	136.85M

Cash & Debt (USD)

9688.HK Cash & Debt (USD) by quarter
Period	Cash & Debt (USD)
26 Q2	617.52M
26 Q1	761.63M
25 Q4	789.47M
25 Q3	717.15M
25 Q2	732.16M
25 Q1	757.26M
24 Q4	779.67M
24 Q3	616.09M
24 Q2	630.05M
24 Q1	650.78M

Debt ratios

9688.HK Debt ratios by quarter
Period	Debt ratios
26 Q2	1.78
26 Q1	2.73
25 Q4	3.17
25 Q3	2.65
25 Q2	2.77
25 Q1	2.39
24 Q4	2.58
24 Q3	1.72
24 Q2	1.67
24 Q1	1.59

Margins

9688.HK Margins by quarter
Period	Margins
26 Q2	54.7%
26 Q1	61.52%
25 Q4	51.15%
25 Q3	59.62%
25 Q2	60.7%
25 Q1	63.71%
24 Q4	61.41%
24 Q3	63.9%
24 Q2	64.94%
24 Q1	61.42%

Return on Capital

9688.HK Return on Capital by quarter
Period	Return on Capital
26 Q2	-8.37%
26 Q1	-7.68%
25 Q4	-7.04%
25 Q3	-4.73%
25 Q2	-5.14%
25 Q1	-5.97%
24 Q4	-9.71%
24 Q3	-6.24%
24 Q2	-11.4%
24 Q1	-7.02%

Shares Outstanding

9688.HK Shares Outstanding by quarter
Period	Shares Outstanding
26 Q2	1.12B
26 Q1	1.11B
25 Q4	1.11B
25 Q3	1.1B
25 Q2	1.09B
25 Q1	1.08B
24 Q4	1.03B
24 Q3	97.59M
24 Q2	97.59M
24 Q1	97.31M

Book Value Per Share (USD)

9688.HK Book Value Per Share (USD) by quarter
Period	Book Value Per Share (USD)
26 Q2	0.54
26 Q1	0.6
25 Q4	0.65
25 Q3	0.69
25 Q2	0.73
25 Q1	0.75
24 Q4	0.82
24 Q3	6.84
24 Q2	7.22
24 Q1	7.83

Total Assets (USD)

9688.HK Total Assets (USD) by quarter
Period	Total Assets (USD)
26 Q2	1.07B
26 Q1	1.1B
25 Q4	1.17B
25 Q3	1.16B
25 Q2	1.16B
25 Q1	1.17B
24 Q4	1.19B
24 Q3	985.35M
24 Q2	987.37M
24 Q1	988.44M

Free Cash Flow Yield

9688.HK Free Cash Flow Yield by quarter
Period	Free Cash Flow Yield
Sep 26	-3.92%
Sep 26	-3.93%
Sep 26	-3.58%
Aug 26	-3.6%
Aug 26	-3.66%
Aug 26	-3.7%
Aug 26	-4.33%
Jul 26	-5.2%
Jul 26	-4.84%
Jul 26	-4.8%
Jul 26	-4.71%
Jul 26	-4.97%
Jun 26	-7.92%
Jun 26	-7.66%
Jun 26	-8.35%
Jun 26	-8.73%
May 26	-7.91%
May 26	-7.49%
May 26	-6.83%
May 26	-7.28%
Apr 26	-6.68%
Apr 26	-6.25%
Apr 26	-6.02%
Apr 26	-6.77%
Apr 26	-6.97%
Mar 26	-10.59%
Mar 26	-10.52%
Mar 26	-10.45%
Mar 26	-9.65%
Feb 26	-9.92%
Feb 26	-9.71%
Feb 26	-9.57%
Feb 26	-11.01%
Jan 26	-11.36%
Jan 26	-10.43%
Jan 26	-10.2%
Jan 26	-10.26%
Jan 26	-10.95%
Dec 25	-10.25%
Dec 25	-10.73%
Dec 25	-10.39%
Dec 25	-9.52%
Nov 25	-9.4%
Nov 25	-9.68%
Nov 25	-8.67%
Nov 25	-8.6%
Oct 25	-8.18%
Oct 25	-7.92%
Oct 25	-7.46%
Oct 25	-6.49%
Oct 25	-6.15%
Sep 25	-7.07%
Sep 25	-6.77%
Sep 25	-6.6%
Sep 25	-7.13%
Aug 25	-6.72%
Aug 25	-6.44%
Aug 25	-6.23%
Aug 25	-6.38%
Aug 25	-6%
Jul 25	-5.94%
Jul 25	-6.38%
Jul 25	-6.62%
Jul 25	-6.1%
Jun 25	-7.65%
Jun 25	-7.63%
Jun 25	-6.37%
Jun 25	-7.12%
May 25	-8.77%
May 25	-8.4%
May 25	-9.16%
May 25	-8.87%
May 25	-8.28%
Apr 25	-8.14%
Apr 25	-9.16%
Apr 25	-9.4%
Apr 25	-7.27%
Mar 25	-56.48%
Mar 25	-62.74%
Mar 25	-59.62%
Mar 25	-62.27%
Feb 25	-65.5%
Feb 25	-65.18%
Feb 25	-74.83%
Feb 25	-80.6%
Jan 25	-83.49%
Jan 25	-84.87%
Jan 25	-85.49%
Jan 25	-92.19%
Jan 25	-90.74%
Dec 24	-84.94%
Dec 24	-84.69%
Dec 24	-84.89%
Dec 24	-80.05%
Nov 24	-77.77%
Nov 24	-88.38%
Nov 24	-81.23%
Nov 24	-71.05%
Nov 24	-74.25%
Oct 24	-67.96%

Price to Sales

9688.HK Price to Sales by quarter
Period	Price to Sales
Sep 26	5.91
Sep 26	5.91
Sep 26	6.48
Aug 26	6.45
Aug 26	6.34
Aug 26	6.26
Aug 26	5.36
Jul 26	4.46
Jul 26	4.8
Jul 26	4.84
Jul 26	4.93
Jul 26	4.66
Jun 26	4.27
Jun 26	4.41
Jun 26	4.04
Jun 26	3.87
May 26	4.27
May 26	4.51
May 26	4.94
May 26	4.63
Apr 26	5.06
Apr 26	5.4
Apr 26	5.61
Apr 26	4.99
Apr 26	4.84
Mar 26	4.5
Mar 26	4.53
Mar 26	4.56
Mar 26	4.94
Feb 26	4.8
Feb 26	4.91
Feb 26	4.98
Feb 26	4.33
Jan 26	4.19
Jan 26	4.57
Jan 26	4.67
Jan 26	4.65
Jan 26	4.35
Dec 25	4.65
Dec 25	4.44
Dec 25	4.58
Dec 25	5
Nov 25	5.07
Nov 25	4.92
Nov 25	5.49
Nov 25	5.54
Oct 25	6.6
Oct 25	6.81
Oct 25	7.24
Oct 25	8.33
Oct 25	8.78
Sep 25	8.08
Sep 25	8.43
Sep 25	8.65
Sep 25	8.01
Aug 25	8.49
Aug 25	8.86
Aug 25	9.16
Aug 25	8.95
Aug 25	9.51
Jul 25	9.61
Jul 25	8.96
Jul 25	8.62
Jul 25	9.37
Jun 25	9.05
Jun 25	9.08
Jun 25	10.87
Jun 25	9.73
May 25	7.9
May 25	8.25
May 25	7.56
May 25	7.81
May 25	8.37
Apr 25	8.51
Apr 25	7.56
Apr 25	7.37
Apr 25	9.53
Mar 25	1.09
Mar 25	0.98
Mar 25	1.03
Mar 25	0.99
Feb 25	0.94
Feb 25	0.94
Feb 25	0.82
Feb 25	0.76
Jan 25	0.74
Jan 25	0.72
Jan 25	0.72
Jan 25	0.67
Jan 25	0.68
Dec 24	0.8
Dec 24	0.8
Dec 24	0.8
Dec 24	0.85
Nov 24	0.87
Nov 24	0.77
Nov 24	0.84
Nov 24	0.96
Nov 24	0.91
Oct 24	1

Price to Book

9688.HK Price to Book by quarter
Period	Price to Book
Sep 26	4.04
Sep 26	4.04
Sep 26	4.43
Aug 26	4.41
Aug 26	4.34
Aug 26	4.28
Aug 26	3.67
Jul 26	3.05
Jul 26	3.28
Jul 26	3.31
Jul 26	3.37
Jul 26	3.19
Jun 26	2.74
Jun 26	2.83
Jun 26	2.6
Jun 26	2.49
May 26	2.74
May 26	2.9
May 26	3.18
May 26	2.98
Apr 26	3.25
Apr 26	3.48
Apr 26	3.61
Apr 26	3.21
Apr 26	3.11
Mar 26	2.61
Mar 26	2.63
Mar 26	2.65
Mar 26	2.87
Feb 26	2.79
Feb 26	2.85
Feb 26	2.89
Feb 26	2.52
Jan 26	2.44
Jan 26	2.65
Jan 26	2.71
Jan 26	2.7
Jan 26	2.53
Dec 25	2.7
Dec 25	2.58
Dec 25	2.66
Dec 25	2.91
Nov 25	2.95
Nov 25	2.86
Nov 25	3.19
Nov 25	3.22
Oct 25	3.57
Oct 25	3.68
Oct 25	3.91
Oct 25	4.5
Oct 25	4.74
Sep 25	4.17
Sep 25	4.35
Sep 25	4.46
Sep 25	4.13
Aug 25	4.38
Aug 25	4.57
Aug 25	4.73
Aug 25	4.62
Aug 25	4.91
Jul 25	4.96
Jul 25	4.62
Jul 25	4.45
Jul 25	4.83
Jun 25	4.29
Jun 25	4.31
Jun 25	5.16
Jun 25	4.61
May 25	3.75
May 25	3.91
May 25	3.59
May 25	3.71
May 25	3.97
Apr 25	4.04
Apr 25	3.59
Apr 25	3.5
Apr 25	4.52
Mar 25	0.58
Mar 25	0.52
Mar 25	0.55
Mar 25	0.53
Feb 25	0.5
Feb 25	0.5
Feb 25	0.44
Feb 25	0.41
Jan 25	0.39
Jan 25	0.39
Jan 25	0.38
Jan 25	0.36
Jan 25	0.36
Dec 24	0.37
Dec 24	0.37
Dec 24	0.37
Dec 24	0.39
Nov 24	0.4
Nov 24	0.35
Nov 24	0.38
Nov 24	0.44
Nov 24	0.42
Oct 24	0.46

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Zai Lab Limited

Video analysis: 9688.HK

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