Zai Lab LtdZLABEarnings & Financial Report
Nasdaq
ZLAB Q3 2025 Key Financial Metrics
Revenue
$115.4M
Gross Profit
$68.6M
Operating Profit
$-48.8M
Net Profit
$-36.0M
Gross Margin
59.5%
Operating Margin
-42.3%
Net Margin
-31.2%
YoY Growth
13.3%
EPS
$-0.03
Financial Flow
Zai Lab Ltd Q3 2025 Financial Summary
Zai Lab Ltd reported revenue of $115.4M for Q3 2025, with a net profit of $-36.0M (-31.2% margin). Cost of goods sold was $46.8M, operating expenses totaled $117.4M.
Key Financial Metrics
| Total Revenue | $115.4M |
|---|---|
| Net Profit | $-36.0M |
| Gross Margin | 59.5% |
| Operating Margin | -42.3% |
| Report Period | Q3 2025 |
Zai Lab Ltd Annual Revenue by Year
Zai Lab Ltd annual revenue history includes year-by-year totals (for example, 2024 revenue was $397.6M).
| Year | Annual Revenue |
|---|---|
| 2024 | $397.6M |
| 2023 | $266.7M |
| 2022 | $212.7M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $65.8M | $87.1M | $100.1M | $101.8M | $108.5M | $105.7M | $109.1M | $115.4M |
| YoY Growth | 6.1% | 38.8% | 45.4% | 47.1% | 64.8% | 21.2% | 9.0% | 13.3% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.04B | $988.4M | $987.4M | $985.3M | $1.19B | $1.17B | $1.16B | $1.16B |
| Liabilities | $240.2M | $226.3M | $283.2M | $317.7M | $344.9M | $362.6M | $372.4M | $399.0M |
| Equity | $796.1M | $762.2M | $704.2M | $667.7M | $840.9M | $810.8M | $791.7M | $759.9M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-14.9M | $-90.1M | $-42.2M | $-26.8M | $-55.8M | $-61.7M | $-31.0M | $-32.0M |