Zai Lab Limited (ZLAB)

Zai Lab Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	732.16	449.67	790.15	1,008	964.1	442.12
Short-Term Investments	-	330	16.3	-	445	744.68
Cash & Short-Term Investments	732.16	779.67	806.45	1,008	1,409	1,187
Cash Growth	16.21%	-3.32%	-20.03%	-28.43%	18.73%	330.10%
Receivables	99.34	89.41	65.33	48.57	54.81	5.17
Inventory	61.7	39.88	44.83	31.62	18.95	13.14
Restricted Cash	100.11	100	-	-	-	-
Other Current Assets	40.75	41.53	23	35.67	18.02	10.94
Total Current Assets	1,034	1,050	939.61	1,124	1,501	1,216
Property, Plant & Equipment	66.95	69.46	68.58	77.38	57.29	46.86
Long-Term Investments	-	3.12	9.22	6.43	15.61	1.28
Other Intangible Assets	59.38	58.93	16.46	8.4	9.66	9.44
Other Long-Term Assets	3.71	3.77	2.43	3.6	26.52	24.02
Total Assets	1,164	1,186	1,036	1,220	1,610	1,298
Accounts Payable	107.36	100.91	112.99	65.97	126.16	62.64
Accrued Expenses	31.99	46.77	58.16	44.21	45.01	23.89
Short-Term Debt	174.51	131.71	-	-	-	-
Current Portion of Leases	5.58	8.05	7.1	7.05	5.93	5.21
Current Income Taxes Payable	4.76	5.15	16.99	13.28	8.82	0.95
Other Current Liabilities	7.3	6.8	7.83	9.32	6.99	5.36
Total Current Liabilities	331.5	299.39	203.07	139.84	192.9	98.04
Long-Term Leases	11.31	13.71	8.05	13.34	9.61	13.39
Long-Term Unearned Revenue	29.23	31.43	28.74	21.36	27.49	16.86
Other Long-Term Liabilities	0.33	0.33	0.33	-	-	-
Total Liabilities	372.37	344.86	240.18	174.55	230	128.29
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	3,308	3,264	2,975	2,893	2,826	1,897
Retained Earnings	-2,542	-2,453	-2,196	-1,861	-1,418	-713.6
Treasury Stock	-20.86	-20.84	-20.84	-11.86	-4.28	-
Comprehensive Income & Other	46.35	50.52	37.63	25.69	-23.65	-14.52
Total Common Equity	791.74	840.9	796.12	1,046	1,380	1,169
Shareholders' Equity	791.74	840.9	796.12	1,046	1,380	1,169
Total Liabilities & Equity	1,164	1,186	1,036	1,220	1,610	1,298
Total Debt	191.4	153.47	15.15	20.39	15.54	18.6
Net Cash (Debt)	540.76	626.2	791.3	988.08	1,394	1,168
Net Cash Growth	-1.03%	-20.87%	-19.91%	-29.10%	19.29%	359.64%
Net Cash Per Share	5.17	6.33	8.19	10.31	14.99	15.04
Filing Date Shares Outstanding	109.96	107.58	98.72	96.02	96.41	88.59
Total Common Shares Outstanding	109.91	107.77	97.22	96.02	95.5	87.81
Working Capital	702.56	751.1	736.54	984.49	1,308	1,118
Book Value Per Share	7.20	7.80	8.19	10.89	14.45	13.32
Tangible Book Value	732.36	781.96	779.66	1,037	1,370	1,160
Tangible Book Value Per Share	6.66	7.26	8.02	10.80	14.35	13.21
Machinery	48.73	48.65	48.23	44.38	37.76	27.35
Construction In Progress	1.24	25.13	24.27	24.25	11.33	2.42
Leasehold Improvements	14.56	11.31	11.37	11.3	10.43	9.64

Updated Aug 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q