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

Zai Lab (ZLAB) reported Operating Expenses of $130.7 million for Q1 2026, up 5.24% on a YoY basis from $124.2 million in Q1 2025, and down 2.98% sequentially from $134.7 million in Q4 2025.

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

Zai Lab (ZLAB) has 7 years of Operating Expenses data on file, last reported at $130.7 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 5.24% year-over-year to $130.7 million; the trailing twelve-month figure through Mar 2026 stood at $505.0 million (down 5.35% YoY), and the FY2025 full-year result was $498.5 million, down 6.51% from the prior year.
  • Operating Expenses retreated to $130.7 million in Q1 2026, 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.
  • A 5-year average of $132.7 million and a median of $130.7 million in 2026 frame the typical range for Operating Expenses.
  • Peak annual rise in Operating Expenses reached 45.5% in 2022, while the deepest fall reached 53.75% in 2022.
  • Tracing ZLAB's Operating Expenses over 5 years: stood at $139.0 million in 2022, then gained by 18.42% to $164.6 million in 2023, then declined by 18.05% to $134.9 million in 2024, then retreated by 0.15% to $134.7 million in 2025, then decreased by 2.98% to $130.7 million in 2026.
  • Business Quant data shows ZLAB's Operating Expenses at $130.7 million in Q1 2026, $134.7 million in Q4 2025, and $118.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -28.01 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 15.76 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 1.10 Bn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 1.85 Bn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 2.96 Bn
7 Belite Bio 61.40 Bn 61.40 Bn - 32.68 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn -919.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - 445.22 Mn
10 Zai Lab 21.37 Bn 21.37 Bn -34.26 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