Zai Lab (ZLAB) Gross Margin (2020 - 2026)
Zai Lab's (ZLAB) quarterly Gross Margin came in at 61.54% in Q1 2026, down 1517.0% year-on-year from 4.34% in Q1 2025, and down 60.97% quarter-over-quarter from 157.65% in Q4 2025.
Zai Lab (ZLAB) Gross Margin (2020 - 2026) Analysis & Trends
Zai Lab has disclosed Gross Margin across 7 years of filings, most recently posting 61.54% for Q1 2026.
- Gross Margin for Q1 2026 came in at 61.54%, down 1517.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 4895.3% (up 469629.0% YoY), and the FY2025 annual result was 6250.67%, up 415776.0% from the prior year.
- Gross Margin came in at 61.54% for Q1 2026 at Zai Lab, down from 157.65% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 252.58% in Q4 2023 to a low of 8687.0% in Q2 2024.
- The 5-year median for Gross Margin is 71.61% (2022), against an average of 525.74%.
- Across the five-year window, Gross Margin tumbled 10160 bps in 2024 and soared 878680 bps in 2025, its largest moves.
- Zai Lab's Gross Margin stood at 66.27% in 2022, then jumped by 281 bps to 252.58% in 2023, then plunged by 40 bps to 150.99% in 2024, then advanced by 4 bps to 157.65% in 2025, then tumbled by 61 bps to 61.54% in 2026.
- The last three Gross Margin figures came in at 61.54% (Q1 2026), 157.65% (Q4 2025), and 99.9% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 925,601.88 Bn | 925,601.85 Bn | - | - |
| 2 | Belite Bio | 58,560.00 Bn | 58,560.00 Bn | - | - |
| 3 | Quantum Biopharma | 17,284.41 Bn | 17,284.40 Bn | - | - |
| 4 | Legend Biotech | 2,809.00 Bn | 2,808.71 Bn | 242.10 Mn | 79.04% |
| 5 | Evaxion A | 1,334.43 Bn | 1,334.42 Bn | - | - |
| 6 | Akari Therapeutics | 1,312.27 Bn | 1,312.26 Bn | - | - |
| 7 | Psyence Biomedical | 212.16 Bn | 212.16 Bn | - | - |
| 8 | Vertex Pharmaceuticals | 114.83 Bn | 107.58 Bn | 2.59 Bn | 86.85% |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | - |
| 10 | Zai Lab | 20.15 Bn | 20.05 Bn | 61.30 Mn | 61.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 61.54% |
| Dec 31, 2025 | 157.65% |
| Sep 30, 2025 | 99.90% |
| Jun 30, 2025 | 99.80% |
| Mar 31, 2025 | 76.70% |
| Dec 31, 2024 | 150.99% |
| Sep 30, 2024 | 99.66% |
| Jun 30, 2024 | -8,687.00% |
| Dec 31, 2023 | 252.58% |
| Mar 31, 2023 | 66.02% |
| Dec 31, 2022 | 66.27% |
| Sep 30, 2022 | 65.17% |
| Jun 30, 2022 | 63.87% |
| Mar 31, 2022 | 66.52% |
| Dec 31, 2021 | 50.63% |
| Mar 31, 2021 | 62.67% |
| Dec 31, 2020 | 54.80% |
| Sep 30, 2020 | 66.32% |
| Jun 30, 2020 | 73.66% |
| Mar 31, 2020 | 74.64% |