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Zai Lab Limited

$24.14 +$6.81 (+39.30%)
NASDAQ · 11 Sep 2026 20:00 UTC
Previous Close
$24.17
Day Range
$24.06$24.61
Year Range
$15.96$34.72
Market Cap
2.73B
AVG Volume
965.67K
Trailing/Forward PE
-13.86/-
PEG ratio
3.79
Dividend Yield
-
Next Earnings Date
2026-11-05
Primary Exchange
NASDAQUS
Revenue (USD)
0200M400M600M2016201720182019202020212022202320242025
ZLAB Revenue (USD) by year
PeriodRevenue (USD)
2025460.16M
2024398.99M
2023266.72M
2022215.04M
2021144.31M
202048.96M
201912.98M
2018129.45K
20170
20160
Net Income (USD)
-800M-600M-400M-200M02016201720182019202020212022202320242025
ZLAB Net Income (USD) by year
PeriodNet Income (USD)
2025-175.54M
2024-257.1M
2023-334.62M
2022-443.29M
2021-704.47M
2020-268.9M
2019-195.07M
2018-139.07M
2017-50.38M
2016-37.51M
Operating Income (USD)
-800M-600M-400M-200M02016201720182019202020212022202320242025
ZLAB Operating Income (USD) by year
PeriodOperating Income (USD)
2025-229.43M
2024-282.12M
2023-366.57M
2022-404.36M
2021-700.06M
2020-301.8M
2019-203.2M
2018-141.77M
2017-51.39M
2016-38.53M
EBITDA (USD)
-800M-600M-400M-200M02016201720182019202020212022202320242025
ZLAB EBITDA (USD) by year
PeriodEBITDA (USD)
2025-158.24M
2024-240.68M
2023-351.71M
2022-509.29M
2021-692.17M
2020-282.15M
2019-193.44M
2018-137.29M
2017-50.84M
2016-38.33M
Cash Flows (USD)
-600M-400M-200M02016201720182019202020212022202320242025
ZLAB Cash Flows (USD) by year
PeriodCash Flows (USD)
2025-160.59M
2024-276.39M
2023-206.05M
2022-392.33M
2021-568.06M
2020-226.72M
2019-205.56M
2018-44.74M
2017-31.65M
2016-34.38M
EPS (USD)
-80-60-40-2002016201720182019202020212022202320242025
ZLAB EPS (USD) by year
PeriodEPS (USD)
2025-1.61
2024-18.8
2023-34.5
2022-46.2
2021-76.3
2020-34.5
2019-30.1
2018-25.6
2017-30.8
2016-39.4
Expenses (USD)
0200M400M600MR&DSG&ACapex2016201720182019202020212022202320242025
ZLAB Expenses (USD) by year
PeriodExpenses (USD)
2025508.31M
2024594.77M
2023555.35M
2022513.08M
2021592.14M
2020344.69M
2019226.98M
2018141.96M
201758.48M
201640.75M
Cash & Debt (USD)
0500M1B1.5BCashLong Term DebtShort Term Debt2016201720182019202020212022202320242025
ZLAB Cash & Debt (USD) by year
PeriodCash & Debt (USD)
2025689.57M
2024779.67M
2023806.45M
20221.01B
20211.41B
20201.19B
2019275.93M
2018263.3M
2017229.66M
201683.95M
Debt ratios
00.511.522019202020212022202320242025
ZLAB Debt ratios by year
PeriodDebt ratios
20250.37
20240.35
20230.43
20220.59
20211.07
20201.76
20190.61
Margins
-400%-200%0%200%20182019202020212022202320242025
ZLAB Margins by year
PeriodMargins
202558.47%
202462.94%
202364.08%
202240.54%
2021-333.47%
2020-389.09%
201971.13%
201866.33%
Return on Capital
-100%-50%0%50%100%2016201720182019202020212022202320242025
ZLAB Return on Capital by year
PeriodReturn on Capital
2025-24.53%
2024-30.57%
2023-42.03%
2022-42.4%
2021-51.05%
2020-23%
2019-66.2%
2018-55.39%
2017-21.42%
201672.77%
Shares Outstanding
050M100M150M2016201720182019202020212022202320242025
ZLAB Shares Outstanding by year
PeriodShares Outstanding
2025110.61M
2024101.75M
20239.7M
20229.6M
20219.54M
20208.75M
20196.79M
20185.8M
20173.29M
2016963.57K
Book Value Per Share (USD)
-100-500501001502016201720182019202020212022202320242025
ZLAB Book Value Per Share (USD) by year
PeriodBook Value Per Share (USD)
20256.47
20248.26
202382.04
2022108.92
2021144.58
2020133.6
201943.39
201843.27
201771.53
2016-53.5
Total Assets (USD)
0500M1B1.5B2B2016201720182019202020212022202320242025
ZLAB Total Assets (USD) by year
PeriodTotal Assets (USD)
20251.17B
20241.19B
20231.04B
20221.22B
20211.61B
20201.3B
2019355.15M
2018301.99M
2017249.63M
201688.91M
Employee Count
01K2K3K201720182019202020212022202320242025
ZLAB Employee Count by year
PeriodEmployee Count
20251.78K
20241.87K
20232.17K
20222.04K
20211.95K
20201.19K
2019692
2018309
201788
Free Cash Flow Yield
-100%-75%-50%-25%0%med -7.44%Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
ZLAB Free Cash Flow Yield by year
PeriodFree Cash Flow Yield
Sep 26-6.03%
Sep 26-5.55%
Aug 26-5.58%
Aug 26-5.59%
Aug 26-5.62%
Aug 26-6.24%
Jul 26-6.39%
Jul 26-6.07%
Jul 26-5.78%
Jul 26-5.7%
Jul 26-6.1%
Jun 26-6.48%
Jun 26-6.42%
Jun 26-6.84%
Jun 26-7.02%
May 26-6.6%
May 26-6.27%
May 26-5.67%
May 26-6.27%
May 26-6.74%
Apr 26-6.38%
Apr 26-6%
Apr 26-7.02%
Apr 26-7.11%
Mar 26-8.07%
Mar 26-8.03%
Mar 26-7.9%
Mar 26-7.43%
Feb 26-7.55%
Feb 26-9.36%
Feb 26-9.37%
Feb 26-10.42%
Jan 26-11.3%
Jan 26-10.24%
Jan 26-10.1%
Jan 26-10.12%
Jan 26-10.83%
Dec 25-10.24%
Dec 25-10.4%
Dec 25-10.56%
Dec 25-9.62%
Nov 25-9.19%
Nov 25-9.37%
Nov 25-8.63%
Nov 25-8.57%
Oct 25-7.97%
Oct 25-7.91%
Oct 25-7.36%
Oct 25-6.89%
Oct 25-6.17%
Sep 25-6.59%
Sep 25-6.38%
Sep 25-6.35%
Sep 25-6.77%
Aug 25-6.29%
Aug 25-5.94%
Aug 25-5.83%
Aug 25-5.96%
Aug 25-6%
Jul 25-5.95%
Jul 25-6.58%
Jul 25-6.75%
Jul 25-6.07%
Jun 25-6.36%
Jun 25-6.4%
Jun 25-5.39%
Jun 25-5.8%
May 25-7.33%
May 25-7.06%
May 25-7.14%
May 25-7.56%
May 25-8.71%
Apr 25-8.49%
Apr 25-9.42%
Apr 25-9.2%
Apr 25-8.55%
Mar 25-7.28%
Mar 25-7.74%
Mar 25-7.11%
Mar 25-7.46%
Feb 25-7.84%
Feb 25-66.13%
Feb 25-77.03%
Feb 25-81.14%
Jan 25-82.16%
Jan 25-85.03%
Jan 25-85.75%
Jan 25-88.29%
Jan 25-88.29%
Dec 24-83.95%
Dec 24-83.6%
Dec 24-84.84%
Dec 24-79.86%
Nov 24-77.43%
Nov 24-84.52%
Nov 24-82.55%
Nov 24-73.07%
Nov 24-73.45%
Oct 24-69.12%
Oct 24-81.39%
Price to Sales
02.557.51012.5med 5Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
ZLAB Price to Sales by year
PeriodPrice to Sales
Sep 266
Sep 266.52
Aug 266.48
Aug 266.46
Aug 266.43
Aug 265.79
Jul 264.46
Jul 264.7
Jul 264.93
Jul 265.01
Jul 264.67
Jun 264.4
Jun 264.44
Jun 264.17
Jun 264.06
May 264.32
May 264.55
May 265.03
May 264.54
May 265.18
Apr 265.47
Apr 265.81
Apr 264.97
Apr 264.91
Mar 264.33
Mar 264.35
Mar 264.42
Mar 264.7
Feb 264.62
Feb 265
Feb 265
Feb 264.49
Jan 264.14
Jan 264.57
Jan 264.64
Jan 264.63
Jan 264.32
Dec 254.57
Dec 254.5
Dec 254.43
Dec 254.87
Nov 255.09
Nov 255
Nov 255.43
Nov 255.47
Oct 256.67
Oct 256.72
Oct 257.22
Oct 257.72
Oct 258.61
Sep 258.07
Sep 258.33
Sep 258.37
Sep 257.85
Aug 258.45
Aug 258.94
Aug 259.12
Aug 258.92
Aug 259.51
Jul 259.6
Jul 258.67
Jul 258.46
Jul 259.4
Jun 258.98
Jun 258.93
Jun 2510.59
Jun 259.85
May 257.79
May 258.09
May 257.99
May 257.55
May 257.95
Apr 258.16
Apr 257.35
Apr 257.53
Apr 258.1
Mar 259.51
Mar 258.95
Mar 259.74
Mar 259.29
Feb 258.83
Feb 250.93
Feb 250.8
Feb 250.76
Jan 250.75
Jan 250.72
Jan 250.71
Jan 250.69
Jan 250.69
Dec 240.73
Dec 240.73
Dec 240.72
Dec 240.77
Nov 240.79
Nov 240.73
Nov 240.74
Nov 240.93
Nov 240.92
Oct 240.98
Oct 240.83
Price to Book
0246med 3.2Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
ZLAB Price to Book by year
PeriodPrice to Book
Sep 264.44
Sep 264.83
Aug 264.8
Aug 264.79
Aug 264.77
Aug 264.29
Jul 263.06
Jul 263.22
Jul 263.38
Jul 263.43
Jul 263.2
Jun 263.01
Jun 263.04
Jun 262.86
Jun 262.78
May 262.96
May 263.11
May 263.44
May 263.11
May 263.33
Apr 263.52
Apr 263.74
Apr 263.2
Apr 263.16
Mar 262.78
Mar 262.8
Mar 262.84
Mar 263.02
Feb 262.97
Feb 262.91
Feb 262.9
Feb 262.61
Jan 262.41
Jan 262.66
Jan 262.69
Jan 262.69
Jan 262.51
Dec 252.66
Dec 252.62
Dec 252.58
Dec 252.83
Nov 252.96
Nov 252.9
Nov 253.15
Nov 253.18
Oct 253.6
Oct 253.63
Oct 253.9
Oct 254.17
Oct 254.65
Sep 254.36
Sep 254.5
Sep 254.52
Sep 254.24
Aug 254.57
Aug 254.83
Aug 254.93
Aug 254.82
Aug 254.91
Jul 254.96
Jul 254.48
Jul 254.36
Jul 254.85
Jun 254.63
Jun 254.61
Jun 255.47
Jun 255.08
May 254.02
May 254.18
May 254.12
May 253.9
May 253.77
Apr 253.87
Apr 253.49
Apr 253.57
Apr 253.84
Mar 254.51
Mar 254.25
Mar 254.62
Mar 254.41
Feb 254.19
Feb 250.49
Feb 250.42
Feb 250.4
Jan 250.4
Jan 250.38
Jan 250.38
Jan 250.37
Jan 250.37
Dec 240.39
Dec 240.39
Dec 240.38
Dec 240.41
Nov 240.42
Nov 240.39
Nov 240.4
Nov 240.42
Nov 240.42
Oct 240.45
Oct 240.38
Zai Lab Limited
ZLAB
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News: ZLAB

Z.ai shares surge 8% after releasing new AI model running only on Chinese chips

cnbc.com · 26 Aug 2026

Z.ai shares surge 8% after releasing new AI model running only on Chinese chips

Z.ai's shares rose after the company launched a new AI model that it claimed runs only on Chinese chips. It's the latest indication of China's efforts to ramp up homegrown computing capability.

Zai Lab: Revenue Growth And Zoci's Upside Optionality

seekingalpha.com · 19 Aug 2026

Zai Lab: Revenue Growth And Zoci's Upside Optionality

ZLAB has grown from a Greater China licensing platform into a dual-engine biopharma. They have a growing proprietary global pipeline with KarXT and TIVDAK. And management expects product sales to stabilize during 2H2026. Zoci's SCLC and NEC activity looks promising, while their other partnered combo therapies could expand their indications across other treatments.

Zai Lab and argenx Announce Positive Topline Results from Phase 3 ALKIVIA Trial of Efgartigimod in Autoimmune Myositis

businesswire.com · 17 Aug 2026

Zai Lab and argenx Announce Positive Topline Results from Phase 3 ALKIVIA Trial of Efgartigimod in Autoimmune Myositis

SHANGHAI & CAMBRIDGE, Mass. & AMSTERDAM--(BUSINESS WIRE)--Zai Lab Limited (NASDAQ: ZLAB; HKEX: 9688) and argenx (Euronext & NASDAQ: ARGX), today announced positive topline results from the ALKIVIA Phase 3 study evaluating VYVGART® Hytrulo (efgartigimod alfa and hyaluronidase-qvfc) in adults with autoimmune myositis. Study met its primary endpoint (p=0.0011) In the combined immune-mediated necrotizing myopathy (IMNM) and dermatomyositis (DM) population, patients treated with efgartigimod dem.

Zai Lab Q2 Earnings Call Highlights

marketbeat.com · 7 Aug 2026

Zai Lab Q2 Earnings Call Highlights

Zai Lab NASDAQ: ZLAB said its second-quarter net product revenue rose 11% sequentially to $105.8 million as the company continued to invest in a pipeline it expects to support a transition into a global biopharmaceutical business.

Zai Lab Limited (ZLAB) Q2 2026 Earnings Call Transcript

seekingalpha.com · 6 Aug 2026

Zai Lab Limited (ZLAB) Q2 2026 Earnings Call Transcript

Zai Lab Limited (ZLAB) Q2 2026 Earnings Call Transcript

Here's What Key Metrics Tell Us About Zai Lab Limited (ZLAB) Q2 Earnings

zacks.com · 6 Aug 2026

Here's What Key Metrics Tell Us About Zai Lab Limited (ZLAB) Q2 Earnings

The headline numbers for Zai Lab Limited (ZLAB) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Zai Lab Announces Second Quarter 2026 Financial Results and Recent Corporate Updates

businesswire.com · 6 Aug 2026

Zai Lab Announces Second Quarter 2026 Financial Results and Recent Corporate Updates

SHANGHAI & CAMBRIDGE, Mass.--(BUSINESS WIRE)--Zai Lab Limited (NASDAQ: ZLAB; HKEX: 9688) today announced financial results for the second quarter of 2026, along with recent product highlights and corporate updates. “Zai Lab is entering an exciting new chapter in our evolution,” said Dr. Samantha Du, Founder, Chairperson and Chief Executive Officer of Zai Lab. “Over the past several years, we have evolved from bringing innovative medicines to patients in China to becoming a global biopharmaceuti.

Zai Lab Limited Unsponsored ADR (NASDAQ:ZLAB) Receives Average Rating of “Moderate Buy” from Analysts

defenseworld.net · 4 Aug 2026

Zai Lab Limited Unsponsored ADR (NASDAQ:ZLAB) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Zai Lab Limited Unsponsored ADR (NASDAQ: ZLAB - Get Free Report) have earned an average rating of "Moderate Buy" from the seven brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have assigned a buy recommendation and

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