Below are the financial statements of Zai Lab, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in thousands of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 449,667a | 790,151a |
| Restricted cash, current | 100,000a | 0a |
| Short-term investments | 330,000a | 16,300a |
| Accounts receivable (net of allowance for credit losses) | 85,178a | 59,199a |
| Notes receivable | 4,233a | 6,134a |
| Inventories, net | 39,875a | 44,827a |
| Prepayments and other current assets | 41,527a | 22,995a |
| Total current assets | 1,050,480a | 939,606a |
| Restricted cash, non-current | 1,114a | 1,113a |
| Long-term investments | 3,115a | 9,220a |
| Prepayments for equipment | 18a | 111a |
| Property and equipment, net | 47,961a | 53,734a |
| Operating lease right-of-use assets | 21,496a | 14,844a |
| Land use rights, net | 2,907a | 3,069a |
| Intangible assets, net | 56,027a | 13,389a |
| Long-term deposits | 1,284a | 1,209a |
| Value added tax recoverable | 1,351a | 0a |
| Total assets | 1,185,753a | 1,036,295a |
| Liabilities and shareholders’ equity | — | — |
| Current liabilities | — | — |
| Accounts payable | 100,906a | 112,991a |
| Current operating lease liabilities | 8,048a | 7,104a |
| Short-term debt | 131,711a | 0a |
| Other current liabilities | 58,720a | 82,972a |
| Total current liabilities | 299,385a | 203,067a |
| Deferred income | 31,433a | 28,738a |
| Non-current operating lease liabilities | 13,712a | 8,047a |
| Other non-current liabilities | 325a | 325a |
| Total liabilities | 344,855a | 240,177a |
| Shareholders’ equity | — | — |
| Ordinary shares | 7a | 6a |
| Additional paid-in capital | 3,264,295a | 2,975,302a |
| Accumulated deficit | -2,453,083a | -2,195,980a |
| Accumulated other comprehensive income | 50,515a | 37,626a |
| Treasury stock | -20,836a | -20,836a |
| Total shareholders’ equity | 840,898a | 796,118a |
| Total liabilities and shareholders’ equity | 1,185,753a | 1,036,295a |
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