NASDAQ$ZLAB

Zai Lab Limited-ADR · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Zai Lab reported Q1 2025, revenue of $71.1M, net loss of $48.4M, diluted EPS of $-0.49.

For Q1 2025, Zai Lab reported revenue of $71.1M, a net loss of $48.4M, diluted EPS was $-0.49. Management discusses operating trends, capital, and sector risks in the quarterly filing.

  • Q1 2025 revenue $71.1M.
  • Net loss $48.4M.
  • Diluted EPS $-0.49.

Headline financials

Total Revenue

$106M

Previous: $87.1M+22.2%
EPS (adj)

-$0.49

Previous: -$0.05-880.0%
Capital Expenditures

-$1.53M

Previous: -$974K-57.5%
Net Income

-$48.4M

Previous: -$53.5M+9.4%
Operating Income

-$56.3M

Previous: -$70.3M+19.9%

Revenue & EPS history

Zai Lab · Revenue · Quarterly

$106M

Q1 2025+22.2%vs Q1 2024
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Zai Lab · $52M total across 3 segments · Q3 2023

  • ZEJULA
    $41.6M+6.1%
  • NUZYRA
    $5.5M+266.7%
  • VYVGART franchise
    $4.9M

Forward guidance

Life-sciences filers emphasize pipeline milestones, regulatory paths, and cash runway; product revenue is limited or emerging.

Tailwinds

  • Pipeline progress and partnership optionality.
  • Cash balances funding operations into upcoming catalysts.
  • Commercial launches where approved.

Headwinds

  • Trial failure or regulatory delay risk.
  • Dilution from equity raises.
  • Reimbursement and competitive pressure.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-0.1%

Avg return

Earnings day

+0.3%

Avg return

5 days after

-0.5%

Avg return

30 days after

45%

13 / 29 earnings

Positive

+26.0%

Q1 2024

Best reaction

-11.2%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.9%-7.0%-20.9%
Q4 2025+1.7%-8.6%-7.2%
Q3 2025-6.4%-11.3%-21.4%
Q1 2025+2.5%+0.9%+34.4%
Q4 2024-2.0%-3.1%+6.3%
Q3 2024-3.7%-13.0%-14.1%
Q2 2024-5.6%-7.8%+11.3%
Q1 2024+26.0%+29.0%+19.9%
Q4 2023-0.9%+0.5%-23.7%
Q3 2023+7.4%+0.9%-1.5%
Q2 2023-11.2%-5.4%+3.5%
Q1 2023+1.4%-9.3%-24.2%
Q4 2022-0.6%+7.3%-10.5%
Q3 2022+1.9%+23.9%+18.7%
Q2 2022-5.0%-6.2%-8.0%
Q1 2022-2.1%+30.0%+5.6%
Q4 2021-4.0%-26.0%-19.6%
Q3 2021+0.7%-2.3%-22.3%
Q2 2021+0.6%+0.9%+0.4%
Q1 2021-5.1%-3.3%+8.3%
Q4 2020+0.3%-7.0%-9.6%
Q4 2019-1.4%-2.7%+17.0%
Q1 2020-8.7%+3.1%+18.3%
Q2 2019+4.3%+4.1%-4.0%
Q1 2019+3.7%+6.7%-9.7%
Q4 2018+10.4%+10.4%+1.6%
Q3 2018+6.7%+13.6%+13.1%
Q4 2017-5.3%-8.8%+22.8%
Q3 2017-2.2%-0.6%+0.3%
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016

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