Zai Lab (ZLAB) Operating Income (2018 - 2026)

Zai Lab (ZLAB) posted quarterly Operating Income of -$69.4 million for Q1 2026, down 23.22% year-on-year from -$90.4 million in Q1 2025, and little changed on a QoQ basis from -$69.4 million in Q4 2025.

Zai Lab (ZLAB) Operating Income (2018 - 2026) Analysis & Trends

Zai Lab (ZLAB) has reported Operating Income for 9 consecutive years, with -$69.4 million the latest figure, recorded in Q1 2026.

  • Quarterly Operating Income fell 23.22% year-over-year to -$69.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$242.5 million (up 9.55% YoY) and the FY2025 annual result came in at -$229.4 million, up 18.67% from the prior year.
  • Operating Income steadied at -$69.4 million in Q1 2026 per ZLAB's latest filing, from -$69.4 million in the prior quarter.
  • Over the last five years, Operating Income for ZLAB reached as high as -$48.8 million in Q3 2025 and fell as low as -$128.6 million in Q3 2022.
  • A 5-year average of -$79.5 million and a median of -$70.3 million in 2024 frame the typical range for Operating Income.
  • The largest YoY upside for Operating Income was 64.88% in 2022 against a maximum downside of 54.54% in 2022.
  • Year by year, Operating Income stood at -$97.3 million in 2022, then decreased by 27.43% to -$124.0 million in 2023, then jumped by 45.24% to -$67.9 million in 2024, then fell by 2.23% to -$69.4 million in 2025, then advanced by 0.03% to -$69.4 million in 2026.
  • According to Business Quant data, Operating Income over the past three periods registered -$69.4 million, -$69.4 million, and -$48.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -27.75 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 249.90 Mn
4 NuCana 279.75 Bn 279.75 Bn - -3.72 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 1.14 Bn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 642.90 Mn
7 Belite Bio 62.51 Bn 62.51 Bn - -32.68 Mn
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn 493.00 Mn
9 Revolution Medicines 37.78 Bn 37.78 Bn - -445.22 Mn
10 Zai Lab 22.02 Bn 22.02 Bn 61.30 Mn -69.39 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -69.39 Mn
Dec 31, 2025 -69.41 Mn
Sep 30, 2025 -48.82 Mn
Jun 30, 2025 -54.90 Mn
Mar 31, 2025 -56.31 Mn
Dec 31, 2024 -67.89 Mn
Sep 30, 2024 -67.85 Mn
Jun 30, 2024 -76.06 Mn
Mar 31, 2024 -70.31 Mn
Dec 31, 2023 -123.98 Mn
Sep 30, 2023 -83.57 Mn
Jun 30, 2023 -89.50 Mn
Mar 31, 2023 -69.52 Mn
Dec 31, 2022 -97.29 Mn
Sep 30, 2022 -128.58 Mn
Jun 30, 2022 -98.72 Mn
Mar 31, 2022 -79.76 Mn
Dec 31, 2021 -219.20 Mn
Sep 30, 2021 -83.21 Mn
Jun 30, 2021 -170.57 Mn