Quick Answer
Zai Lab Ltd reported Total Revenue of $460.16 million for fiscal year 2025.
Zai Lab Ltd — Key Financials by Year
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Total Revenue | $460.16M +15.3% |
$398.99M +49.6% |
$266.72M +24.0% |
$215.04M +49.0% |
$144.31M +194.8% |
$48.96M +277.0% |
| Revenue (ASC 606) | $457.18M +15.0% |
$397.61M +49.1% |
$266.72M +25.4% |
$212.67M +47.6% |
$144.10M +194.3% |
$48.96M +277.0% |
| Net Income | -$175.54M +31.7% |
-$257.10M +23.2% |
-$334.62M +24.5% |
-$443.29M +37.1% |
-$704.47M -162.0% |
-$268.90M -37.8% |
| Diluted EPS | -$0.16 +38.5% |
-$0.26 +25.7% |
-$0.35 +23.9% |
-$0.46 +39.5% |
-$0.76 -117.1% |
-$0.35 |
| Total Assets | $1.17B -1.1% |
$1.19B +14.4% |
$1.04B -15.1% |
$1.22B -24.2% |
$1.61B +24.1% |
$1.30B +265.4% |
| Cash and Equivalents | $679.57M +51.1% |
$449.67M -43.1% |
$790.15M -21.6% |
$1.01B +4.6% |
$964.10M +118.1% |
$442.12M +482.3% |
| Stockholders Equity | $715.50M -14.9% |
$840.90M +5.6% |
$796.12M -23.9% |
$1.05B -24.2% |
$1.38B +18.0% |
$1.17B +296.8% |
| R&D Expense | $220.90M -5.8% |
$234.50M -11.8% |
$265.87M -7.2% |
$286.41M -50.0% |
$573.31M +157.4% |
$222.71M +56.6% |
| Operating Income | -$229.43M +18.7% |
-$282.12M +23.0% |
-$366.57M +9.3% |
-$404.36M +42.2% |
-$700.06M -132.0% |
-$301.80M -48.5% |
| Gross Profit | — | — | — | — | — | — |
| Shares Outstanding | 1.11B +2.7% |
1.08B +10.8% |
972.24M +1.3% |
960.22M +0.5% |
954.98M +987.5% |
87.81M +28.7% |
Most Recent Quarter
| Metric | Quarter Ending | Value | YoY | QoQ |
|---|---|---|---|---|
| Total Revenue | September 30, 2025 | $116.09M | +13.5% | +5.6% |
| Revenue (ASC 606) | September 30, 2025 | $115.36M | +13.3% | +5.8% |
| Net Income | September 30, 2025 | -$35.96M | +13.7% | +11.7% |
| Diluted EPS | September 30, 2025 | -$0.03 | +25.0% | +25.0% |
| Total Assets | September 30, 2025 | $1.16B | +17.6% | -0.4% |
| Cash and Equivalents | September 30, 2025 | $717.15M | +16.4% | -2.0% |
| Stockholders Equity | September 30, 2025 | $759.95M | +13.8% | -4.0% |
| R&D Expense | September 30, 2025 | $47.93M | -27.4% | -5.3% |
| Operating Income | September 30, 2025 | -$48.82M | +28.0% | +11.1% |
| Shares Outstanding | September 30, 2025 | 1.11B | +12.3% | +0.6% |
- Zai Lab Ltd reported Total Revenue of $460.16 million for fiscal year 2025.
- Zai Lab Ltd showed an increase of +15.3% in Total Revenue compared to the prior fiscal year.
- Zai Lab Ltd reported Revenue (ASC 606) of $457.18 million for fiscal year 2025.
- Zai Lab Ltd showed an increase of +15.0% in Revenue (ASC 606) compared to the prior fiscal year.
- Zai Lab Ltd reported Net Income of -$175.54 million for fiscal year 2025.
- Zai Lab Ltd showed an increase of +31.7% in Net Income compared to the prior fiscal year.
- Zai Lab Ltd reported Diluted EPS of $0.16 per share (loss) for fiscal year 2025.
- Zai Lab Ltd showed an increase of +38.5% in Diluted EPS compared to the prior fiscal year.
- Zai Lab Ltd reported Total Assets of $1.17 billion for fiscal year 2025.
- Zai Lab Ltd showed a decrease of -1.1% in Total Assets compared to the prior fiscal year.
- Zai Lab Ltd reported Cash and Equivalents of $679.57 million for fiscal year 2025.
- Zai Lab Ltd showed an increase of +51.1% in Cash and Equivalents compared to the prior fiscal year.
- Zai Lab Ltd reported Stockholders Equity of $715.50 million for fiscal year 2025.
- Zai Lab Ltd showed a decrease of -14.9% in Stockholders Equity compared to the prior fiscal year.
- Zai Lab Ltd reported R&D Expense of $220.90 million for fiscal year 2025.
- Zai Lab Ltd showed a decrease of -5.8% in R&D Expense compared to the prior fiscal year.
- Zai Lab Ltd reported Operating Income of -$229.43 million for fiscal year 2025.
- Zai Lab Ltd showed an increase of +18.7% in Operating Income compared to the prior fiscal year.
- Zai Lab Ltd reported Gross Profit of $85.9 thousand for fiscal year 2018.
- Zai Lab Ltd reported Shares Outstanding of 1.11 billion shares for fiscal year 2025.
- Zai Lab Ltd showed an increase of +2.7% in Shares Outstanding compared to the prior fiscal year.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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