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Financial Snapshot

Revenue
TTM
$453.3M
Gross Margin
TTM
60.56%
Net Income
TTM
-$178.1M
Current Assets
2026 Q1
Current Liabilities
2026 Q1
Current Ratio
2026 Q1
240.4%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
Book Value
2026 Q1
$662.0M
Cash
2026 Q1
P/E
Last 4 Quarters
N/A
Free Cash Flow
TTM
-$111.8M

Stock Price

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Market Cap: $15.36 Billion

About Zai Lab Ltd

Zai Lab Ltd (NASDAQ: ZLAB) is a biopharmaceutical company that develops and commercializes medicines focused on oncology, autoimmune, and infectious disease. The company generates revenue primarily through product sales of its approved therapies, supplemented by collaboration and licensing arrangements with global partners. Zai Lab is headquartered at 314 Main Street, Cambridge, MA, with ordinary shares listed on the Stock Exchange of Hong Kong Limited. The 10-K filed 2026-02-26 (accession 000170429226000015) covers the fiscal year ended in that period. The company operates at the intersection of global biotech partnerships and China-focused commercialization, in-licensing assets from multinational pharmaceutical companies and advancing them through regulatory approval and commercial launch in its core markets.

Revenue model
Product sales from commercialized therapies and collaboration or licensing income from partnership agreements with global biopharmaceutical companies.
Products and services
Approved and investigational therapies in oncology, autoimmune disease, and infectious disease, developed through in-licensing and internal R&D.
Customers and end markets
Patients and healthcare providers in oncology, autoimmune, and infectious disease end markets, primarily in China and select global markets.
Value-chain role
Drug developer and commercial-stage biopharmaceutical company; in-licenses assets from global partners and handles regional regulatory approval and commercialization.
Geographic exposure
Headquarters in Cambridge, MA, USA; ordinary shares listed on the Stock Exchange of Hong Kong Limited; primary commercial operations in China.

Source: SEC 10-K, filed 2026-02-26

Industry: Pharmaceutical Preparations

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