Zai Lab (ZLAB) Operating Expenses (2020 - 2026)

Zai Lab's (ZLAB) quarterly Operating Expenses came in at $130.7 million in Q1 2026, up 5.24% year-on-year from $124.2 million in Q1 2025, and down 2.98% quarter-over-quarter from $134.7 million in Q4 2025.

Zai Lab (ZLAB) Operating Expenses (2020 - 2026) Analysis & Trends

Zai Lab has disclosed Operating Expenses across 7 years of filings, most recently posting $130.7 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $130.7 million, up 5.24% year-over-year; the trailing twelve-month figure through Mar 2026 was $505.0 million (down 5.35% YoY), and the FY2025 annual result was $498.5 million, down 6.51% from the prior year.
  • Operating Expenses came in at $130.7 million for Q1 2026 at Zai Lab, down from $134.7 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $166.1 million in Q3 2022 to a low of $110.8 million in Q1 2022.
  • The 5-year median for Operating Expenses is $130.7 million (2026), against an average of $132.7 million.
  • Peak annual rise in Operating Expenses reached 45.5% in 2022, while the deepest fall reached 53.75% in 2022.
  • Zai Lab's Operating Expenses stood at $139.0 million in 2022, then advanced by 18.42% to $164.6 million in 2023, then fell by 18.05% to $134.9 million in 2024, then decreased by 0.15% to $134.7 million in 2025, then slipped by 2.98% to $130.7 million in 2026.
  • The last three Operating Expenses figures came in at $130.7 million (Q1 2026), $134.7 million (Q4 2025), and $118.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - 4.33 Mn
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - 32.68 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - 2.97 Mn
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -138.30 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -3.82 Mn
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - 15.76 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - 574,669.00
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 1.85 Bn
9 Abivax 91.96 Bn 91.96 Bn - -67.40 Mn
10 Zai Lab 20.15 Bn 20.05 Bn 61.30 Mn 130.66 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 130.66 Mn
Dec 31, 2025 134.67 Mn
Sep 30, 2025 118.03 Mn
Jun 30, 2025 121.65 Mn
Mar 31, 2025 124.15 Mn
Dec 31, 2024 134.87 Mn
Sep 30, 2024 133.20 Mn
Jun 30, 2024 141.34 Mn
Mar 31, 2024 123.84 Mn
Dec 31, 2023 164.57 Mn
Sep 30, 2023 127.32 Mn
Jun 30, 2023 144.60 Mn
Mar 31, 2023 110.98 Mn
Dec 31, 2022 138.97 Mn
Sep 30, 2022 166.08 Mn
Jun 30, 2022 129.49 Mn
Mar 31, 2022 110.85 Mn
Dec 31, 2021 241.66 Mn
Sep 30, 2021 114.15 Mn
Jun 30, 2021 196.64 Mn