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| Period | Revenue | YoY | Gross margin | Operating income | Net income | YoY | EPS | Op. cash flow | Capex | Free cash flow | Filed |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Q2 2026 · Jun 30 | $106.3M | −3.3% | 54.7% | −$76.5M | −$50.8M | — | -0.05 | −$63.4M | $1.3M | −$64.7M | Aug 6 |
| Q1 2026 · Mar 31 | $99.6M | −6.5% | 61.5% | −$69.4M | −$51M | — | -0.05 | −$11.9M | $1.2M | −$13.1M | Aug 6 |
| Q4 2025 · Dec 31derived | $127.6M | +17.0% | 51.2% | −$69.4M | −$50.4M | — | -0.05 | −$26M | $677K | −$26.7M | Feb 26 |
| Q3 2025 · Sep 30 | $116.1M | +13.5% | 59.7% | −$48.8M | −$36M | — | -0.03 | −$32M | $3M | −$35M | Nov 6 |
| Q2 2025 · Jun 30 | $110M | +9.4% | 60.9% | −$54.9M | −$40.7M | — | -0.04 | −$31M | $2.9M | −$33.9M | Aug 6 |
| Q1 2025 · Mar 31 | $106.5M | +22.2% | 63.9% | −$56.3M | −$48.4M | — | -0.04 | −$61.7M | $1.5M | −$63.2M | Aug 6 |
| Q4 2024 · Dec 31derived | $109.1M | +65.7% | 61.7% | −$67.9M | −$81.7M | — | -0.08 | −$55.8M | $2.6M | −$58.4M | Feb 26 |
| Q3 2024 · Sep 30 | $102.3M | +47.7% | 64.2% | −$67.9M | −$41.7M | — | -0.04 | −$26.8M | $1.3M | −$28.2M | Nov 6 |
| Q2 2024 · Jun 30 | $100.5M | — | 65.0% | −$76.1M | −$80.3M | — | -0.08 | −$42.2M | $741K | −$42.9M | Nov 6 |
| Q1 2024 · Mar 31 | $87.1M | — | 61.4% | −$70.3M | −$53.5M | — | -0.05 | −$90.1M | $974K | −$91.1M | Nov 6 |
| Q4 2023 · Dec 31derived | $65.8M | — | 61.7% | −$124M | −$95.4M | — | -0.10 | −$14.9M | $222K | −$15.1M | Feb 26 |
| Q3 2023 · Sep 30 | $69.2M | — | 63.2% | −$83.6M | −$69.2M | — | -0.07 | −$55.3M | $1.8M | −$57M | Nov 12 |
| Year | Revenue | Gross margin | Operating income | Net income | Net margin | EPS | Op. cash flow | Capex | Free cash flow | Buybacks | Dividends paid |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FY2025 · to Dec 31 | $460.2M | 58.6% | −$229.4M | −$175.5M | -38.1% | -0.16 | −$150.8M | $8.1M | −$158.9M | — | — |
| FY2024 · to Dec 31 | $399M | 63.1% | −$282.1M | −$257.1M | -64.4% | -0.26 | −$214.9M | $5.7M | −$220.5M | — | — |
| FY2023 · to Dec 31 | $266.7M | 64.1% | −$366.6M | −$334.6M | -125.5% | -0.35 | −$198.2M | $7.2M | −$205.4M | — | — |
| FY2022 · to Dec 31 | $215M | 65.6% | −$404.4M | −$443.3M | -206.1% | -0.46 | −$367.6M | $24.6M | −$392.2M | — | — |
| FY2021 · to Dec 31 | $144.3M | 63.8% | −$700.1M | −$704.5M | -488.2% | -0.76 | −$549.2M | $18.3M | −$567.5M | — | — |
| FY2020 · to Dec 31 | $49M | 65.8% | −$301.8M | −$268.9M | -549.3% | -0.35 | −$216.1M | $10.1M | −$226.2M | — | — |
Every number comes from Zai Lab Ltd's own XBRL-tagged filings with the SEC, not a data vendor. Quarters marked derived are the fiscal year minus the three reported quarters, the same way every data provider computes Q4. Restated figures replace originals as later filings arrive.