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    Z

    Zai Lab Ltd (ZLAB)

    Official site

    HEALTHCARE • BIOTECHNOLOGY • NASDAQ

    $23.51
    +1.01 (+4.49%)

    Market Cap: $2.53B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    54%(19/35)
    Avg Surprise
    -0.63%
    Streak
    1 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$-0.56
    Range$-0.67 - $-0.49
    6 analysts
    EPS RevisionsNo revisions (7d)
    2
    3
    30d
    EPS Estimate DriftChange to current
    90d ago$-0.53-7.1%
    60d ago$-0.53-7.1%
    30d ago$-0.54-5.4%
    7d ago$-0.58+2.1%
    Current$-0.56
    Revenue Consensus
    $109M
    Range$105M - $112M
    6 analysts
    Period ending Dec 31, 2026
    EPS Consensus$-0.42
    Range$-0.98 - $0.17
    10 analysts
    Revenue Consensus
    $121M
    Range$95M - $173M
    14 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    -$-0.42---
    Sep 26EST
    -$-0.56---
    Jun 26
    Reported Aug 6
    $-0.46$-0.66+30.30%Beat-24.3%
    Mar 26
    Reported May 7
    $-0.46$-0.29-58.13%Miss-2.2%
    Dec 25
    Reported Feb 26
    $-0.46$-0.44-4.55%Miss+42.5%
    Sep 25
    Reported Nov 6
    $-0.33$-0.29-13.79%Miss+21.4%
    Jun 25
    Reported Aug 7
    $-0.37$-0.37+0.00%Beat+54.9%
    Mar 25
    Reported May 8
    $-0.45$-0.55+18.18%Beat+10.0%
    Dec 24
    Reported Feb 27
    $-0.80$-0.63-26.32%Miss+18.4%
    Sep 24
    Reported Nov 12
    $-0.42$-0.78+46.15%Beat+40.8%
    Jun 24
    Reported Aug 6
    $-0.82$-0.73-12.33%Miss+34.4%
    Mar 24
    Reported May 8
    $-0.50$-0.92+45.65%Beat+2.0%
    Dec 23
    Reported Feb 27
    $-0.98$-0.87-12.64%Miss-50.8%
    Sep 23
    Reported Nov 7
    $-0.71$-1.03+31.07%Beat+57.7%
    Jun 23
    Reported Aug 7
    $-1.25$-0.81-54.32%Miss+13.2%
    Mar 23
    Reported May 9
    $-0.51$-0.97+47.42%Beat+40.7%
    Dec 22
    Reported Feb 28
    $-0.65$-1.11+41.44%Beat+70.0%
    Sep 22
    Reported Nov 9
    $-1.68$-1.25-34.40%Miss-66.3%
    Jun 22
    Reported Aug 9
    $-1.44$-1.07-34.58%Miss+18.2%
    Mar 22
    Reported May 10
    $-0.86$-1.23+30.08%Beat+67.4%
    Dec 21
    Reported Mar 1
    $-2.17$-1.33-63.16%Miss-445.0%
    Sep 21
    Reported Nov 9
    $-1.01$-1.27+20.47%Beat-153.6%
    Jun 21
    Reported Aug 9
    $-1.76$-1.39-26.62%Miss-162.7%
    Mar 21
    Reported May 10
    $-2.64$-2.30-14.78%Miss-166.7%
    Dec 20
    Reported Mar 1
    $-0.40N/A+59.78%Beat+41.4%
    Sep 20
    Reported Dec 2
    $-0.40$-0.40+0.45%Beat+33.1%
    Jun 20
    Reported Aug 13
    $-0.67$-0.99+32.32%Beat-55.8%
    Mar 20
    Reported Jun 3
    $-0.99$-0.99+0.01%Beat-47.4%
    Dec 19
    Reported Jan 21
    $-0.68$-0.60-13.33%Miss+0.0%
    Sep 19
    Reported Nov 27
    $-0.60$-0.60+0.78%Beat-80.4%
    Jun 19
    Reported Sep 3
    $-0.43$-0.67+35.82%Beat-65.4%
    Mar 19
    Reported May 29
    $-0.67$-0.44-52.66%Miss-168.7%
    Dec 18
    Reported Mar 7
    $-0.68$-0.45-51.11%Miss+82.8%
    Sep 18
    Reported Nov 28
    $-0.33$-0.40+17.50%Beat-57.1%
    Jun 18
    Reported Aug 30
    $-0.26$-0.38+31.58%Beat+65.1%
    Mar 18
    Reported May 2
    $-0.25$-0.17-47.06%Miss+97.8%
    Dec 17
    Reported Dec 31
    $-3.95$0.00N/ABeat-419.6%
    Sep 17
    Reported Nov 15
    $-0.21$-0.23+8.70%Beat-
    Jun 17
    Reported Sep 21
    $-0.74N/AN/ABeat-
    Mar 17
    Reported Mar 31
    $-11.49N/AN/ABeat-
    Dec 16
    Reported Mar 30
    $-0.76$0.00N/AMiss-

    Key Metrics

    Valuation
    P/E Ratio-13.75EV/EBITDAN/A
    Price/FCF-16.16xFCF Yield-6.19%
    Profitability
    Profit Margin-41.90%Operating Margin-72.00%
    ROE-26.90%ROIC-21.57%
    Financial Health
    Debt/Equity0.39xInterest Coverage-30.87x
    Current Ratio2.13xQuick Ratio1.92x
    Trading Statistics
    Beta0.72Avg Volume800.39K
    52-Week High$29.7752-Week Low$15.96

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$24.43
    SMA 20$25.15
    SMA 50$25.28
    SMA 200$20.70
    EMA 10$24.21
    EMA 20$24.69
    EMA 50$24.29
    EMA 200$22.82

    MACD

    Line: -0.39Signal: -0.06Hist: -0.34

    ADX

    ADX: 15.0+DI: 31.2-DI: 34.7

    Aroon & PSAR

    Aroon Up24.0
    Aroon Down96.0
    PSAR$26.27

    Bollinger Bands

    Upper Band$27.36
    Lower Band$22.94
    %B Position1755%(Upper)
    Band Width0.13

    RSI (14-Day)

    Neutral
    42.2

    Momentum Oscillators

    Stoch %K14.9
    Stoch %D17.9
    Williams %R-71.0
    ROC (10d)-7.8%
    Momentum-1.99
    CCI (20d)-134.2
    MFI (14d)56.7

    Volatility Measures

    ATR (14d)$1.17(5.0%)
    StdDev (20d)1.10
    Hist Vol47.2%(High)

    Volume Flow

    VWAP$23.46
    OBV-21.5M
    AD Line-4.0M
    CMF (20d)-0.155

    Volume Metrics

    Avg Vol (20d)788.9K
    Vol Ratio1.0x
    VWMA (20d)$25.19

    Pivot Points

    R3$23.51
    R2$23.15
    R1$22.83
    Pivot Point$22.47
    S1$22.15
    S2$21.79
    S3$21.47

    Advanced Oscillators

    TSI-9.76
    Ultimate Osc45.2
    KST-39.15

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$106.31M$99.61M$127.60M$116.09M$109.98M$106.49M$109.07M$102.27M$100.50M$87.15M$65.83M$69.23M
    Cost of Revenue$48.16M$38.34M$62.33M$46.88M$43.22M$38.65M$42.09M$36.92M$35.23M$33.62M$25.24M$25.48M
    Gross Profit$58.15M$61.28M$65.27M$69.21M$66.76M$67.84M$66.98M$65.35M$65.27M$53.53M$40.59M$43.75M
    Operating Expenses$134.64M$130.56M$134.67M$118.03M$121.65M$124.15M$134.87M$133.20M$141.34M$123.84M$164.57M$127.32M
    R&D$61.77M$65.59M$61.63M$47.93M$50.61M$60.73M$52.25M$65.98M$61.63M$54.65M$81.95M$58.77M
    SG&A$72.87M$65.07M$73.04M$41.32M$42.68M$63.42M$82.62M$67.22M$79.71M$69.19M$82.63M$68.55M
    Operating Income$-76,489,000$-69,279,000$-69,406,000$-48,822,000$-54,895,000$-56,311,000$-67,891,000$-67,853,000$-76,064,000$-70,309,000$-123,981,000$-83,570,000
    Interest Income$5.88M$6.45M$7.25M$8.35M$8.84M$8.61M$9.09M$9.03M$9.33M$9.66M$10.30M$9.17M
    Interest Expense$1.59M$1.64M$1.36M$1.40M$1.26M$1.19M$904,000$745,000$492,000$113,000$20.38M$0
    Income Before Tax$-51,847,000$-49,576,000$-53,336,000$-35,963,000$-40,727,000$-48,438,000$-81,684,000$-41,671,000$-80,277,000$-53,471,000$-95,429,000$-69,152,000
    Income Tax Expense$-1,022,000$1.44M$-2,927,000$0$0$0$0$0$0$9.47M$-21,769,000$-9,172,000
    Net Income$-50,825,000$-51,016,000$-50,409,000$-35,963,000$-40,727,000$-48,438,000$-81,684,000$-41,671,000$-80,277,000$-53,471,000$-95,429,000$-69,152,000
    EBITDA$-46,087,000$-43,995,000$-48,059,000$-30,662,000$-35,730,000$-43,793,000$-77,748,000$-38,055,000$-76,844,000$-50,346,000$-119,089,000$-67,234,000
    EBIT$-50,260,000$-47,939,000$-51,975,000$-34,563,000$-39,465,000$-47,251,000$-80,780,000$-40,926,000$-79,785,000$-53,358,000$-121,548,000$-69,152,000
    * Some calculated fields are derived from available data when not provided by source

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    ZLAB Valuation and Fair Value

    P/E
    -13.7x
    P/FCF
    -16.2x
    P/B
    4.3x
    See GNG's fair value

    ZLAB Profitability: Margins, ROIC and FCF

    Gross margin
    56.5%
    Operating margin
    -72.0%
    Net margin
    -41.9%
    ROIC
    -21.6%
    ROE
    -26.9%
    FCF margin
    -36.1%
    FCF yield
    -6.2%

    ZLAB Analyst Ratings

    Consensus
    Buy
    Analysts
    12
    Strong Buy
    2
    Buy
    9
    Hold
    1
    Sell
    0
    Strong Sell
    0

    ZLAB Bull Case vs Bear Case

    Bull case

    • 91.7% of ZLAB's analyst ratings are Buy or Strong Buy.

    Bear case

    • ZLAB has a -41.9% net profit margin.
    • ZLAB beat EPS estimates in 37.5% of its last 8 reported quarters.
    • ZLAB's quarterly revenue changed -3.3% year over year.

    ZLAB Earnings: Beat Rate and Next Report

    Beat rate
    3 of 8 quarters (37.5%)
    Average surprise
    -1.0%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $-0.56
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    2 up, 3 down

    Frequently Asked Questions About ZLAB

    Does ZLAB pay dividends?

    Zai Lab Ltd (ZLAB) does not currently pay a regular dividend.

    What is ZLAB's market cap?

    Zai Lab Ltd (ZLAB) has a market capitalization of $2.53B with a current stock price of $23.51.

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