Zai Lab Ltd
NASDAQ:ZLAB
Income Statement
Earnings Waterfall
Zai Lab Ltd
Income Statement
Zai Lab Ltd
| Dec-2019 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
2
|
3
|
4
|
5
|
|
| Revenue |
13
N/A
|
20
+55%
|
57
+184%
|
100
+76%
|
144
+44%
|
171
+18%
|
182
+7%
|
197
+8%
|
215
+9%
|
231
+7%
|
252
+9%
|
263
+5%
|
267
+1%
|
291
+9%
|
323
+11%
|
356
+10%
|
399
+12%
|
418
+5%
|
428
+2%
|
442
+3%
|
|
| Gross Profit | |||||||||||||||||||||
| Cost of Revenue |
(4)
|
(8)
|
(18)
|
(31)
|
(52)
|
(60)
|
(67)
|
(75)
|
(74)
|
(80)
|
(86)
|
(92)
|
(96)
|
(108)
|
(119)
|
(130)
|
(147)
|
(152)
|
(161)
|
(170)
|
|
| Gross Profit |
9
N/A
|
13
+37%
|
39
+207%
|
70
+80%
|
92
+32%
|
111
+20%
|
115
+4%
|
122
+6%
|
141
+16%
|
151
+7%
|
166
+9%
|
172
+4%
|
171
-1%
|
183
+7%
|
204
+11%
|
225
+11%
|
252
+12%
|
266
+6%
|
267
+0%
|
272
+2%
|
|
| Operating Income | |||||||||||||||||||||
| Operating Expenses |
(213)
|
(240)
|
(436)
|
(550)
|
(792)
|
(663)
|
(596)
|
(648)
|
(545)
|
(546)
|
(561)
|
(522)
|
(547)
|
(550)
|
(557)
|
(563)
|
(533)
|
(534)
|
(514)
|
(499)
|
|
| Selling, General & Administrative |
(70)
|
(36)
|
(90)
|
(149)
|
(219)
|
(240)
|
(249)
|
(257)
|
(259)
|
(264)
|
(269)
|
(271)
|
(282)
|
(288)
|
(300)
|
(299)
|
(299)
|
(293)
|
(284)
|
(287)
|
|
| Research & Development |
(142)
|
(204)
|
(346)
|
(401)
|
(573)
|
(423)
|
(347)
|
(392)
|
(286)
|
(281)
|
(292)
|
(251)
|
(266)
|
(272)
|
(257)
|
(264)
|
(235)
|
(241)
|
(230)
|
(212)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
10
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
(203)
N/A
|
(227)
-12%
|
(398)
-75%
|
(481)
-21%
|
(700)
-46%
|
(553)
+21%
|
(481)
+13%
|
(526)
-9%
|
(404)
+23%
|
(394)
+3%
|
(395)
0%
|
(350)
+11%
|
(377)
-8%
|
(367)
+2%
|
(353)
+4%
|
(338)
+4%
|
(281)
+17%
|
(268)
+5%
|
(247)
+8%
|
(227)
+8%
|
|
| Pre-Tax Income | |||||||||||||||||||||
| Interest Income Expense |
8
|
0
|
0
|
1
|
2
|
2
|
3
|
6
|
(42)
|
(23)
|
(54)
|
(44)
|
25
|
13
|
48
|
57
|
20
|
18
|
24
|
15
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
10
|
10
|
10
|
0
|
(1)
|
(1)
|
(1)
|
0
|
(0)
|
(1)
|
|
| Total Other Income |
1
|
(6)
|
1
|
(12)
|
(6)
|
(2)
|
(50)
|
(73)
|
3
|
7
|
46
|
83
|
7
|
15
|
8
|
11
|
5
|
(2)
|
10
|
6
|
|
| Pre-Tax Income |
(194)
N/A
|
(233)
-20%
|
(396)
-70%
|
(492)
-24%
|
(703)
-43%
|
(552)
+21%
|
(527)
+5%
|
(593)
-12%
|
(443)
+25%
|
(410)
+7%
|
(393)
+4%
|
(301)
+23%
|
(335)
-11%
|
(339)
-1%
|
(298)
+12%
|
(271)
+9%
|
(257)
+5%
|
(252)
+2%
|
(213)
+16%
|
(207)
+3%
|
|
| Net Income | |||||||||||||||||||||
| Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Income from Continuing Operations |
(194)
|
(233)
|
(396)
|
(492)
|
(703)
|
(552)
|
(527)
|
(593)
|
(443)
|
(410)
|
(393)
|
(301)
|
(335)
|
(339)
|
(298)
|
(271)
|
(257)
|
(252)
|
(213)
|
(207)
|
|
| Equity Earnings Affiliates |
(1)
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
(195)
N/A
|
(233)
-19%
|
(396)
-70%
|
(493)
-24%
|
(705)
-43%
|
(554)
+21%
|
(529)
+5%
|
(593)
-12%
|
(443)
+25%
|
(410)
+8%
|
(393)
+4%
|
(301)
+23%
|
(335)
-11%
|
(339)
-1%
|
(298)
+12%
|
(271)
+9%
|
(257)
+5%
|
(252)
+2%
|
(213)
+16%
|
(207)
+3%
|
|
| EPS (Diluted) |
-0.3
N/A
|
-0.26
+13%
|
-0.44
-69%
|
-0.51
-16%
|
-0.76
-49%
|
-0.59
+22%
|
-0.55
+7%
|
-0.62
-13%
|
-0.46
+26%
|
-0.43
+7%
|
-0.41
+5%
|
-0.31
+24%
|
-0.35
-13%
|
-0.35
N/A
|
-0.31
+11%
|
-0.28
+10%
|
-0.26
+7%
|
-0.25
+4%
|
-0.2
+20%
|
-0.19
+5%
|
|