Zai Lab (ZLAB) Research & Development (2018 - 2026)

Zai Lab (ZLAB) posted quarterly Research & Development of $65.6 million for Q1 2026, up 8.01% year-on-year from $60.7 million in Q1 2025, and up 6.42% on a QoQ basis from $61.6 million in Q4 2025.

Zai Lab (ZLAB) Research & Development (2018 - 2026) Analysis & Trends

Zai Lab (ZLAB) has reported Research & Development for 9 consecutive years, with $65.6 million the latest figure, recorded in Q1 2026.

  • Quarterly Research & Development rose 8.01% year-over-year to $65.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $225.8 million (down 6.16% YoY) and the FY2025 annual result came in at $220.9 million, down 5.8% from the prior year.
  • Research & Development rose to $65.6 million in Q1 2026 per ZLAB's latest filing, from $61.6 million in the prior quarter.
  • Over the last five years, Research & Development for ZLAB reached as high as $99.5 million in Q3 2022 and fell as low as $47.9 million in Q3 2025.
  • A 5-year average of $63.1 million and a median of $61.6 million in 2024 frame the typical range for Research & Development.
  • The largest YoY upside for Research & Development was 80.48% in 2022 against a maximum downside of 73.58% in 2022.
  • Year by year, Research & Development stood at $66.9 million in 2022, then grew by 22.41% to $81.9 million in 2023, then slumped by 36.24% to $52.3 million in 2024, then grew by 17.95% to $61.6 million in 2025, then increased by 6.42% to $65.6 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered $65.6 million, $61.6 million, and $47.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -17.94 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 541.22 Mn
4 NuCana 279.75 Bn 279.75 Bn - -2.31 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 961.60 Mn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 1.54 Bn
7 Belite Bio 62.51 Bn 62.51 Bn - 15.66 Mn
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn 1.37 Bn
9 Revolution Medicines 37.78 Bn 37.78 Bn - 343.97 Mn
10 Zai Lab 22.02 Bn 22.02 Bn 61.30 Mn 65.59 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 65.59 Mn
Dec 31, 2025 61.63 Mn
Sep 30, 2025 47.93 Mn
Jun 30, 2025 50.61 Mn
Mar 31, 2025 60.73 Mn
Dec 31, 2024 52.25 Mn
Sep 30, 2024 65.98 Mn
Jun 30, 2024 61.63 Mn
Mar 31, 2024 54.65 Mn
Dec 31, 2023 81.95 Mn
Sep 30, 2023 58.77 Mn
Jun 30, 2023 76.68 Mn
Mar 31, 2023 48.47 Mn
Dec 31, 2022 66.95 Mn
Sep 30, 2022 99.52 Mn
Jun 30, 2022 66.08 Mn
Mar 31, 2022 53.85 Mn
Dec 31, 2021 172.09 Mn
Sep 30, 2021 55.14 Mn
Jun 30, 2021 142.22 Mn