Company: ZLAB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001704292-25-000024
Chunk: 6

Company: Zai Lab Ltd
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 6
---
24$%RevenuesProduct revenue, net115,361 101,847 13,514 13 %330,095 289,102 40,993 14 %Collaboration revenue734 418 316 76 %2,464 816 1,648 202 %Total revenues116,095 102,265 13,830 14 %332,559 289,918 42,641 15 %ExpensesCost of product revenue(46,764)(36,569)(10,195)28 %(128,219)(105,336)(22,883)22 %Cost of collaboration revenue(119)(348)229 (66)%(531)(433)(98)23 %Research and development(47,928)(65,982)18,054 (27)%(159,271)(182,252)22,981 (13)%Selling, general, and administrative(70,106)(67,219)(2,887)4 %(204,566)(216,123)11,557 (5)%Loss from operations(48,822)(67,853)19,031 (28)%(160,028)(214,226)54,198 (25)%Interest income8,345 9,029 (684)(8)%25,794 28,017 (2,223)(8)%Interest expenses(1,400)(745)(655)88 %(3,848)(1,350)(2,498)185 %Foreign currency gains 6,422 14,457 (8,035)(56)%9,909 8,281 1,628 20 %Other income (expense), net(508)3,441 (3,949)(115)%3,045 3,859 (814)(21)%Loss before income tax (35,963)(41,671)5,708 (14)%(125,128)(175,419)50,291 (29)%Income tax expense— — — — %— — — — %Net loss(35,963)(41,671)5,708 (14)%(125,128)(175,419)50,291 (29)%

Revenues

Product Revenue, Net

The following table presents net revenue by commercial program ($ in thousands):

Three Months Ended September 30,