Company: ZLAB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038548
Chunk: 34

Company: Zai Lab Ltd
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 Net loss— — — (80,277)— — — (80,277)Foreign currency translation— — — — 3,605 — — 3,605 Balance at June 30, 2024986,310,340 6 3,011,964 (2,329,728)42,773 (4,912,200)(20,836)704,179 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. “0” in above table means less than 1,000 dollars. 

6

Zai Lab Limited 

Unaudited Condensed Consolidated Statements of Cash Flows 

(in thousands of $) 

Six Months EndedJune 30,20252024Cash flows from operating activitiesNet loss(89,165)(133,748)Adjustments to reconcile net loss to net cash used in operating activities:  Allowance for credit losses1 3 Inventory write-down294 756 Depreciation and amortization expenses7,193 5,953 Amortization of deferred income(2,661)(1,679)Share-based compensation32,773 36,618 Loss from fair value changes of equity investment with readily determinable fair value1,912 5,147 Losses on disposal of property and equipment211 450 Noncash lease expenses5,377 4,141 Debt issuance costs104 700 Foreign currency remeasurement impact(3,488)6,176 Changes in operating assets and liabilities:  Accounts receivable(2,945)(10,842)Notes receivable(6,611)(2,013)Inventories(22,096)2,037 Prepayments and other current assets854 2,612 Other non-current assets51 (232)Accounts payable6,474 (6,117)Other current liabilities(15,948)(35,607)Operating lease liabilities(5,418)(5,086)Deferred income365 (1,548)Net cash used in operating activities(92,723)(132,279)Cash flows from investing activities  Proceeds from maturity of short-term investment330,000 16,300 Proceeds from the sale of equity investment1,203 — Purchases of property and equipment(4,419)(1,715)Proceeds from the sale of property and equipment48