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Zai Lab Limited, a biopharmaceutical company, focuses on discovering, developing, and commercializing products that address medical conditions in the areas of oncology, immunology, neuroscience, and infectious diseases. Its commercial products include Zejula, an orally administered poly (ADP-ribose) polymerase 1/2 inhibitor for treating ovarian cancer; VYVGART, a human IgG1 antibody fragment for generalized myasthenia gravis and chronic inflammatory demyelinating polyneuropathy; NUZYRA for community-acquired bacterial pneumonia and acute bacterial skin and skin structure infections; Optune for glioblastoma multiforme; Qinlock for gastrointestinal stromal tumors; Xacduro for treating hospital-acquired and ventilator-associated bacterial pneumonia caused by a cinetobacter baumannii-calcoaceticus complex; and Augtyro for the treatment of ROS proto-oncogene 1 and non-small cell lung cancer. The company has a strategic collaboration with Tesaro, Inc., NovoCure Ltd., Deciphera Pharmaceuticals, LLC, Paratek Bermuda Ltd., argent BV, Turning Point Therapeutics, Inc., Entasis Therapeutics Holdings Inc., Karuna Therapeutics, Inc., Pfizer Inc., Amgen Inc., and with Boehringer Ingelheim GmbH. The company was incorporated in 2013 and is based in Pudong, China.
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| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -178.46M | -257.10M | -334.62M | -443.06M | -703.41M |
| Net income | -175.54M | -257.10M | -334.62M | -481.99M | -692.44M |
| Selling general administrative | 277.61M | 298.74M | 281.61M | 258.97M | 218.83M |
| Gross profit | 269.07M | 251.13M | 170.90M | 141.02M | 92.07M |
| Reconciled depreciation | 15.01M | 11.86M | 8.70M | 8.23M | 6.49M |
| Ebit | -173.25M | -254.85M | -374.14M | -404.36M | -700.06M |
| Ebitda | -158.25M | -234.57M | -365.11M | -386.66M | -703.41M |
| Depreciation and amortization | 15.01M | 20.27M | 9.03M | 17.70M | -3.35M |
| Operating income | -223.57M | -282.12M | -366.57M | -404.36M | -700.06M |
| Other operating expenses | 683.73M | 681.11M | 633.29M | 619.40M | 844.38M |
| Interest expense | 5.21M | 2.25M | 14.58M | 14.58M | 3.35M |
| Tax provision | -2.93M | 0.00M | 0.00M | 0.00M | 0.00M |
| Interest income | 33.05M | 37.10M | 38.84M | 14.58M | 2.19M |
| Net interest income | 27.84M | 34.85M | 38.84M | 14.58M | 2.19M |
| Income tax expense | -2.93M | - | 38.93M | 38.93M | -10.97M |
| Total revenue | 460.16M | 398.99M | 266.72M | 215.04M | 144.31M |
| Total operating expenses | 492.65M | 533.25M | 537.48M | 545.38M | 792.14M |
| Cost of revenue | 191.08M | 147.86M | 95.82M | 74.02M | 52.24M |
| Total other income expense net | 45.11M | 25.01M | 31.95M | -38.71M | -3.35M |
| Net income from continuing ops | -175.54M | -257.10M | -300.96M | -443.29M | -704.47M |
| Net income applicable to common shares | - | - | - | -443.29M | -704.47M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 1172.38M | 1185.75M | 1036.30M | 1220.14M | 1609.96M |
| Intangible assets | 76.14M | 58.93M | 16.46M | 8.40M | 9.66M |
| Other current assets | 148.85M | 141.53M | 23.00M | 35.67M | 18.02M |
| Total liab | 456.88M | 344.86M | 240.18M | 174.54M | 230.00M |
| Total stockholder equity | 715.50M | 840.90M | 796.12M | 1045.60M | 1379.96M |
| Other current liab | 63.68M | 53.57M | 54.23M | 45.46M | 33.33M |
| Common stock | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M |
| Capital stock | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M |
| Retained earnings | -2628.62M | -2453.08M | -2195.98M | -1861.36M | -1418.07M |
| Other liab | - | - | - | 21.36M | 27.49M |
| Other assets | - | - | - | 3.60M | 26.52M |
| Cash | 679.57M | 449.67M | 790.15M | 1008.47M | 964.10M |
| Total current liabilities | 416.17M | 299.38M | 203.07M | 139.84M | 192.90M |
| Current deferred revenue | 27.33M | 31.43M | 28.74M | 21.36M | 27.49M |
| Net debt | -455.31M | -296.20M | -775.00M | -988.08M | -948.56M |
| Short term debt | 210.87M | 139.76M | 7.10M | 7.05M | 5.93M |
| Short long term debt | 204.53M | 131.71M | - | - | - |
| Short long term debt total | 224.26M | 153.47M | 15.15M | 20.39M | 15.54M |
| Other stockholder equity | 3314.42M | 3243.46M | 2954.47M | 2881.26M | 2821.67M |
| Property plant equipment | - | - | - | 77.38M | 57.29M |
| Total current assets | 1019.29M | 1050.48M | 939.61M | 1124.34M | 1500.88M |
| Long term investments | - | 3.12M | 9.22M | 6.43M | 15.61M |
| Net tangible assets | - | - | - | 1037.19M | 1370.30M |
| Short term investments | 10.00M | 330.00M | 16.30M | 0.00M | 445.00M |
| Net receivables | 106.12M | 89.41M | 65.33M | 48.57M | 54.81M |
| Inventory | 74.75M | 39.88M | 44.83M | 31.62M | 18.95M |
| Accounts payable | 141.61M | 100.91M | 112.99M | 65.97M | 126.16M |
| Accumulated other comprehensive income | 29.70M | 50.52M | 37.63M | 25.68M | -23.64M |
| Non currrent assets other | 7.02M | 3.75M | 4.28M | 2.20M | 0.80M |
| Non current assets total | 153.10M | 135.27M | 96.69M | 95.80M | 109.08M |
| Capital lease obligations | 19.73M | 21.76M | 15.15M | 20.39M | 15.54M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 321.20M | -375.19M | -29.61M | 420.02M | 268.90M |
| Change to liabilities | - | - | - | -55.15M | 74.67M |
| Total cashflows from investing activities | 307.87M | -375.19M | -10.78M | 420.02M | 249.96M |
| Net borrowings | 67.94M | 131.32M | 0.00M | - | - |
| Total cash from financing activities | 72.35M | 349.89M | -6.43M | -1.73M | 820.20M |
| Change to operating activities | - | - | - | -0.04M | -2.07M |
| Net income | -175.54M | -257.10M | -334.62M | -443.29M | -704.47M |
| Change in cash | 229.91M | -240.48M | -218.01M | 44.37M | 522.04M |
| Begin period cash flow | 550.78M | 791.26M | 1009.27M | 964.90M | 442.86M |
| End period cash flow | 780.69M | 550.78M | 791.26M | 1009.27M | 964.90M |
| Total cash from operating activities | -150.79M | -214.87M | -198.18M | -367.64M | -549.23M |
| Issuance of capital stock | 0.00M | 217.35M | 0.00M | 0.00M | 818.88M |
| Depreciation | 15.01M | 11.86M | 9.03M | 8.23M | 6.49M |
| Other cashflows from investing activities | -5.24M | -55.86M | 12.74M | - | - |
| Change to inventory | -47.03M | 3.90M | -14.91M | -15.38M | -7.17M |
| Change to account receivables | -29.98M | -26.58M | -17.69M | 4.33M | -42.32M |
| Sale purchase of stock | - | - | -8.80M | - | - |
| Other cashflows from financing activities | -9.27M | 1.22M | -6.43M | -7.60M | 1.33M |
| Change to netincome | - | - | - | 133.66M | 125.64M |
| Capital expenditures | 13.42M | 61.52M | 8.49M | 24.98M | 18.95M |
| Change in working capital | -54.71M | -68.39M | 39.61M | -66.25M | 23.11M |
| Stock based compensation | 65.60M | 70.65M | 79.63M | 61.30M | 40.71M |
| Other non cash items | -1.15M | 28.12M | 8.17M | 72.36M | 67.85M |
| Free cash flow | -164.21M | -276.39M | -206.67M | -392.63M | -568.18M |
Sector: Healthcare Industry: Biotechnology
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| ZLAB Zai Lab Ltd |
0.88 4.01% |
22.84 | - | - | 6.24 | 4.55 | 5.23 | -2.35 |
| NVO Novo Nordisk A/S |
1.99 4.95% |
42.18 | 41.58 | 31.15 | 2.13 | 32.99 | 2.11 | 4.70 |
| VRTX Vertex Pharmaceuticals Inc |
18.28 3.44% |
549.04 | 30.22 | 24.27 | 10.36 | 6.50 | 9.99 | 24.66 |
| REGN Regeneron Pharmaceuticals Inc |
-41.91 4.31% |
931.45 | 29.07 | 20.12 | 7.57 | 3.82 | 6.95 | 19.42 |
| ARGNF argenx SE |
- -% |
900.30 | 45.77 | 31.25 | 13.84 | 7.12 | 11.38 | 36.06 |
Zai Lab Limited, a biopharmaceutical company, focuses on discovering, developing, and commercializing products that address medical conditions in the areas of oncology, immunology, neuroscience, and infectious diseases. Its commercial products include Zejula, an orally administered poly (ADP-ribose) polymerase 1/2 inhibitor for treating ovarian cancer; VYVGART, a human IgG1 antibody fragment for generalized myasthenia gravis and chronic inflammatory demyelinating polyneuropathy; NUZYRA for community-acquired bacterial pneumonia and acute bacterial skin and skin structure infections; Optune for glioblastoma multiforme; Qinlock for gastrointestinal stromal tumors; Xacduro for treating hospital-acquired and ventilator-associated bacterial pneumonia caused by a cinetobacter baumannii-calcoaceticus complex; and Augtyro for the treatment of ROS proto-oncogene 1 and non-small cell lung cancer. The company has a strategic collaboration with Tesaro, Inc., NovoCure Ltd., Deciphera Pharmaceuticals, LLC, Paratek Bermuda Ltd., argent BV, Turning Point Therapeutics, Inc., Entasis Therapeutics Holdings Inc., Karuna Therapeutics, Inc., Pfizer Inc., Amgen Inc., and with Boehringer Ingelheim GmbH. The company was incorporated in 2013 and is based in Pudong, China.
| Name | Title | Year Born |
|---|---|---|
| Dr. Ying Du Ph.D. | Founder, Chairperson & CEO | 1966 |
| Mr. Ki Chul Cho | Chief Financial Officer | 1978 |
| Mr. Frazor Titus Edmondson III | Chief Legal Officer & Corp. Sec. | 1966 |
| Dr. Harald Reinhart M.D. | Pres and Head of Global Devel. for Neuroscience, Autoimmune & Infectious Diseases | 1952 |
| Mr. Joshua L. Smiley | Chief Operating Officer | 1970 |
| Dr. Peter Huang Ph.D. | Chief Scientific Officer | NA |
| Ms. Ann E. Beasley J.D. | Chief Compliance Officer | NA |
| Dr. Ning Xu M.D. | Exec. VP & Head of Clinical Operations | 1965 |
| Dr. Jonathan J. Wang M.B.A., MBA, Ph.D. | Chief Bus. Officer | 1982 |
| Dr. James Yan DABT, M.D., Ph.D. | Chief Operating Officer of R&D | 1964 |
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