Financial Snapshot

Revenue
$355.7M
TTM
Gross Margin
63.09%
TTM
Net Earnings
-$270.8M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
300.56%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$667.7M
Q3 2024
Cash
Q3 2024
P/E
-57.54
Nov 14, 2024 EST
Free Cash Flow
-$149.9M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $266.7M $215.0M $144.3M $49.00M $13.00M $100.0K $0.00
YoY Change 24.03% 49.02% 194.49% 276.92% 12900.0%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $266.7M $215.0M $144.3M $49.00M $13.00M $100.0K $0.00
Cost Of Revenue $95.82M $74.02M $52.20M $16.70M $3.700M $0.00
Gross Profit $170.9M $141.0M $92.10M $32.20M $9.200M $100.0K
Gross Profit Margin 64.08% 65.58% 63.83% 65.71% 70.77% 100.0%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017
Selling, General & Admin $281.6M $259.0M $218.8M $111.3M $70.20M $21.60M $12.00M
YoY Change 8.74% 18.36% 96.59% 58.55% 225.0% 80.0% 87.5%
% of Gross Profit 164.78% 183.64% 237.57% 345.65% 763.04% 21600.0%
Research & Development $265.9M $286.4M $573.3M $222.7M $142.2M $120.3M $39.30M
YoY Change -7.17% -50.04% 157.43% 56.61% 18.2% 206.11% 22.43%
% of Gross Profit 155.57% 203.09% 622.48% 691.61% 1545.65% 120300.0%
Depreciation & Amortization $9.029M $8.227M $6.490M $4.640M $3.770M $1.650M $550.0K
YoY Change 9.75% 26.76% 39.87% 23.08% 128.48% 200.0% 175.0%
% of Gross Profit 5.28% 5.83% 7.05% 14.41% 40.98% 1650.0%
Operating Expenses $547.5M $545.4M $792.2M $334.1M $212.5M $141.9M $51.40M
YoY Change 0.38% -31.16% 137.11% 57.22% 49.75% 176.07% 33.51%
Operating Profit -$366.6M -$404.4M -$700.1M -$301.9M -$203.3M -$141.8M
YoY Change -9.34% -42.24% 131.9% 48.5% 43.37%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017
Interest Expense $24.95M $0.00 $2.200M $4.900M $7.900M $3.200M $700.0K
YoY Change -100.0% -55.1% -37.97% 146.88% 357.14% -146.67%
% of Operating Profit
Other Income/Expense, Net $7.006M $3.113M -$5.500M $29.10M $900.0K $100.0K $500.0K
YoY Change 125.06% -156.6% -118.9% 3133.33% 800.0% -80.0% -80.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017
Pretax Income -$334.6M -$443.3M -$703.4M -$267.8M -$194.3M -$138.5M -$50.10M
YoY Change -24.51% -36.98% 162.66% 37.83% 40.29% 176.45% 33.6%
Income Tax $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$334.6M -$443.3M -$704.5M -$268.9M -$195.1M -$139.1M -$50.40M
YoY Change -24.51% -37.08% 161.99% 37.83% 40.26% 175.99% 34.4%
Net Earnings / Revenue -125.46% -206.14% -488.22% -548.78% -1500.77% -139100.0%
Basic Earnings Per Share -$0.35 -$0.46 -$0.76 -$0.35
Diluted Earnings Per Share -$0.35 -$0.46 -$757.6K -$346.2K -$303.1K -$264.4K -$99.68K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017
Cash & Short-Term Investments $806.5M $1.008B $1.409B $1.187B $275.9M $263.3M $229.7M
YoY Change -20.03% -28.43% 18.73% 330.16% 4.79% 14.63%
Cash & Equivalents $1.100M $1.047M $300.6M $800.0K $800.0K $26.20M $25.70M
Short-Term Investments $16.30M $0.00 $445.0M $744.7M $200.0M $200.4M
Other Short-Term Assets $23.00M $35.67M $18.00M $10.90M $6.700M $5.700M $1.000M
YoY Change -35.54% 98.19% 65.14% 62.69% 17.54% 470.0%
Inventory $44.83M $31.62M $19.00M $13.10M $6.000M $0.00
Prepaid Expenses
Receivables $59.20M $39.96M $47.50M $5.200M $3.800M $100.0K
Other Receivables $6.134M $8.608M $7.300M $0.00 $0.00 $0.00
Total Short-Term Assets $939.6M $1.124B $1.501B $1.216B $292.5M $269.1M $230.6M
YoY Change -16.43% -25.09% 23.43% 315.73% 8.7% 16.7%
Property, Plant & Equipment $68.58M $77.38M $57.30M $46.90M $36.40M $20.50M $11.90M
YoY Change -11.37% 35.03% 22.17% 28.85% 77.56% 72.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $9.220M $6.431M $15.60M $1.300M $2.400M $3.100M $1.700M
YoY Change 43.37% -58.78% 1100.0% -45.83% -22.58% 82.35%
Other Assets $2.433M $3.595M $2.700M $1.900M $1.300M $800.0K $400.0K
YoY Change -32.32% 33.15% 42.11% 46.15% 62.5% 100.0%
Total Long-Term Assets $96.69M $95.80M $109.1M $81.60M $62.70M $32.90M $19.00M
YoY Change 0.92% -12.19% 33.7% 30.14% 90.58% 73.16%
Total Assets $1.036B $1.220B $1.610B $1.298B $355.2M $302.0M $249.6M
YoY Change
Accounts Payable $113.0M $65.97M $126.2M $62.60M $22.70M $37.40M $9.000M
YoY Change 71.27% -47.72% 101.6% 175.77% -39.3% 315.56%
Accrued Expenses $40.82M $38.74M $31.60M $18.90M $13.90M $3.700M $1.600M
YoY Change 5.36% 22.59% 67.2% 35.97% 275.68% 131.25%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $6.500M $3.600M $0.00
YoY Change -100.0% 80.56%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $203.1M $139.8M $192.9M $98.00M $46.60M $48.80M $12.10M
YoY Change 45.21% -27.51% 96.84% 110.3% -4.51% 303.31%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $37.11M $34.70M $37.10M $30.30M $13.90M $2.100M $2.400M
YoY Change 6.94% -6.46% 22.44% 117.99% 561.9% -12.5%
Total Long-Term Liabilities $37.11M $34.70M $37.10M $30.30M $13.90M $2.100M $2.400M
YoY Change 6.94% -6.46% 22.44% 117.99% 561.9% -12.5%
Total Liabilities $240.2M $174.5M $230.0M $128.3M $60.50M $50.90M $14.50M
YoY Change 37.6% -24.11% 79.27% 112.07% 18.86% 251.03%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017
Basic Shares Outstanding 966.4M shares 958.1M shares 929.9M shares 776.7M shares
Diluted Shares Outstanding 966.4M shares 958.1M shares 929.9M shares 776.7M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $15.584 Billion

About

Zai Lab Ltd. is a biopharmaceutical company, which engages in the developing and commercializing therapies that address medical conditions with unmet needs in oncology, autoimmune disorders, infectious diseases, and neuroscience. The company is headquartered in Shanghai, Shanghai. The company went IPO on 2020-09-28. The firm is focused on discovering or licensing, developing and commercializing proprietary therapeutics that address areas of large unmet medical need in the China market, including oncology, autoimmune and infectious diseases fields. The firm has a broad pipeline of proprietary drug candidates that range from discovery stage to late-stage clinical programs. These include Niraparib (ZL-2306), ZL-2103, ZL-1101 and others.

Industry: Pharmaceutical Preparations Peers: