Company: ZLAB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001704292-25-000024
Chunk: 87

Company: Zai Lab Ltd
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 87
---
 Maker (the “CODM”) is the Chief Executive Officer, who assesses performance and allocates resources based on significant expenses and net income on a consolidated basis. The significant expenses that are regularly provided to the CODM include those amounts that are also reported on the consolidated statement of operations as well as below additional disaggregated measures. The CODM also reviews cash position (which are cash and cash equivalents, current restricted cash, and short-term investments) that are also reported on the consolidated balance sheets when making operating decisions. In accordance with ASC 280, the Company has only one reportable segment.The following tables present disaggregated expenses that are regularly provided to the CODM:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Personnel compensation and related costs21,539 23,405 68,067 82,622 Licensing fees— 22,634 19,997 22,634 CROs/CMOs/Investigators expenses18,707 13,004 48,472 57,213 Other costs7,682 6,939 22,735 19,783 Total research and development expenses47,928 65,982 159,271 182,252 

16

Zai Lab Limited Notes to the unaudited condensed consolidated financial statements 

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Clinical programs18,179 23,060 63,236 63,196 Pre-Clinical programs1,982 14,461 10,365 19,649 Unallocated research and development expenses27,767 28,461 85,670 99,407 Total research and development expenses47,928 65,982 159,271 182,252 Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Personnel compensation and related costs41,320 39,984 124,642 134,157 Other costs28,786 27,235 79,924 81,966 Total selling, general, and administrative expenses70,106 67,219 204,566 216,123 

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Selling and marketing expenses47,179 43,473 135,882 140,342 General and administrative expenses22,927