Zai Lab Limited Unsponsored ADR

ZLAB Healthcare Biotechnology

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%
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

Zai Lab Limited Unsponsored ADR (ZLAB) Gross margin

Alert me on Gross margin

Zai Lab Limited Unsponsored ADR's gross margin over the twelve months to 30 September 2026 was 0.00%, down 58.5 percentage points from fiscal 2025 (58.5%). Over the past ten years it has ranged from 0.00% (fiscal 2017) to 71.1% (fiscal 2019); the current reading is higher than 30% of that period. That is below the Biotechnology industry median of 65.2% and below the Healthcare sector median of 53.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 58.5% (4.47)
FY2024 62.9% (1.14)
FY2023 64.1% (1.50)
FY2022 65.6% 1.78
FY2021 63.8% (2.02)
FY2020 65.8% (5.31)
FY2019 71.1% 4.46
FY2018 66.7% 66.67
FY2017 0.00% 0.00
FY2016 0.00% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 0.00% (54.70)
Jun 2026 54.7% (6.82)
Mar 2026 61.5% 10.37
Dec 2025 51.2% (8.47)
28 more quarters

Against its own ten years

Low 0.00% High 71.1%
Ten-year median 63.9%
Current reading's percentile 30

Gross margin against peers

Company Gross margin
CLDX Celldex Therapeutics, Inc. compare 100.0%
XNCR Xencor, Inc. compare 100.0%
RCUS Arcus Biosciences, Inc. compare 100.0%
NAMS NewAmsterdam Pharma Company N.V. compare 100.0%
ADMA ADMA Biologics Inc compare 68.5%
RXRX Recursion Pharmaceuticals, Inc. compare 29.2%
ZLAB Zai Lab Limited Unsponsored ADR 0.00%
PHVS Pharvaris N.V. compare 0.00%
MBX MBX Biosciences, Inc. compare —
Biotechnology industry median 65.2%
Healthcare sector median 53.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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