Friday 6 November 2026 Export ZLAB’s income statement to Excel — free account

Zai Lab Limited Unsponsored ADR

Zai Lab Limited Unsponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $460.2 million, up 15.3% from fiscal 2024.

Revenue: −6.79%
EPS: −24.3%
Free cash flow: −95.5%
Total debt: +24.3%

Quarter to September 2026, against a year earlier

24.91 2.31 +10.22%

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Market cap: $2.6B
P/E: 0.0×
Fwd P/E: −10.0×
Dividend yield: —
F-score: 4/9
Altman Z: −0.24
Beneish M: −2.35
Dividend safety: n/a

Overview

Zai Lab Limited Unsponsored ADR (ZLAB) Debt to equity

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Zai Lab Limited Unsponsored ADR's debt to equity at the end of the quarter to 30 September 2026 was 0.4×, up 0.2× from fiscal 2025 (0.3×). Over the past ten years it has ranged from 0.0× (fiscal 2023) to 0.3× (fiscal 2025) — the current reading is the highest in ten years. That is above the Biotechnology industry median of 0.0× and above the Healthcare sector median of 0.0×.

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<iframe src="https://stockrow.com/embed/ZLAB/debt-to-equity" width="100%" height="360" style="border:0" loading="lazy" title="Zai Lab Limited Unsponsored ADR debt to equity, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/ZLAB/metrics/debt-to-equity">Zai Lab Limited Unsponsored ADR (ZLAB) debt to equity — stockrow.com</a></p>

Period	Debt to equity	Change
FY2025	0.3×	82.57%
FY2024	0.2×	—
FY2023	0.0×	—
FY2022	0.0×	55.81%
FY2021	0.0×	(2.27%)
FY2020	0.0×	(79.91%)
FY2019	0.0×	51.03%
FY2018	0.0×	—
FY2017	0.0×	—
FY2016	0.0×	—

Period	Debt to equity	Change
Sep 2026	0.4×	14.23%
Jun 2026	0.4×	21.42%
Mar 2026	0.3×	12.98%
Dec 2025	0.3×	7.00%
32 more quarters	Free account

Against its own ten years

Low 0.0× High 0.3×

Ten-year median 0.0×

Current reading's percentile 100

Company	Debt to equity
NAMS NewAmsterdam Pharma Company N.V. compare	0.0×
MBX MBX Biosciences, Inc. compare	0.0×
ADMA ADMA Biologics Inc compare	0.0×
XNCR Xencor, Inc. compare	0.0×
RXRX Recursion Pharmaceuticals, Inc. compare	0.0×
PHVS Pharvaris N.V. compare	0.0×
CLDX Celldex Therapeutics, Inc. compare	0.0×
RCUS Arcus Biosciences, Inc. compare	0.3×
ZLAB Zai Lab Limited Unsponsored ADR	0.4×
Biotechnology industry median	0.0×
Healthcare sector median	0.0×
Market median	0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

Zai Lab Limited Unsponsored ADR (ZLAB) Debt to equity

Debt to equity, annual

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Quarterly newest first

Against its own ten years

Debt to equity against peers

What Debt to equity is

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Debt to equity, annual

Annual newest first

Quarterly newest first

Against its own ten years

Debt to equity against peers

What Debt to equity is

More on ZLAB

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