Company: ZLAB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038548
Chunk: 87

Company: Zai Lab Ltd
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 87
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52024$%RevenuesProduct revenue, net109,085 100,106 8,979 9 %214,735 187,255 27,480 15 %Collaboration revenue892 398 494 124 %1,729 398 1,331 334 %Total revenues109,977 100,504 9,473 9 %216,464 187,653 28,811 15 %ExpensesCost of product revenue(43,003)(35,148)(7,855)22 %(81,455)(68,767)(12,688)18 %Cost of collaboration revenue(217)(85)(132)155 %(412)(85)(327)385 %Research and development(50,614)(61,625)11,011 (18)%(111,343)(116,270)4,927 (4)%Selling, general, and administrative(71,038)(79,710)8,672 (11)%(134,460)(148,904)14,444 (10)%Loss from operations(54,895)(76,064)21,169 (28)%(111,206)(146,373)35,167 (24)%Interest income8,843 9,330 (487)(5)%17,449 18,988 (1,539)(8)%Interest expenses(1,262)(492)(770)157 %(2,449)(605)(1,844)305 %Foreign currency gains (losses)2,837 (4,108)6,945 (169)%3,488 (6,176)9,664 (156)%Other income (expense), net3,750 (8,943)12,693 (142)%3,553 418 3,135 750 %Loss before income tax (40,727)(80,277)39,550 (49)%(89,165)(133,748)44,583 (33)%Income tax expense— — — — %— — — — %Net loss(40,727)(80,277)39,550 (49)%(89,165)(133,748)44,583 (33)%

Revenues

Product Revenue, Net

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

Three