← Zai Lab Ltd
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net loss | ($37.5m) | ($50.4m) | ($139.1m) | ($195.1m) | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Parent | ($37.5m) |
($50.4m)
-34.31%
|
($139.1m)
-176.03%
|
($195.1m)
-40.26%
|
($268.9m)
-37.85%
|
($704.5m)
-161.98%
|
($443.3m)
+37.08%
|
($334.6m)
+24.51%
|
($257.1m)
+23.17%
|
($175.5m)
+31.73%
|
— | |
| Depreciation, Depletion and Amortization | — | — | — | $3.8m | $4.6m | $6.5m | $8.2m | $9.0m | $11.9m | $15.0m | $15.9m | |
| Depreciation | $198k | $546k | $1.6m | $3.4m | $1.6m | $6.0m | $7.7m | $8.4m | $8.6m | $9.1m | $15.9m | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | — | — | — | $700k | $194k | — | |
| Amortization of Intangible Assets | $781 | $2k | $15k | $305k | $307k | $493k | $500k | $700k | $3.2m | $5.9m | — | |
| Depreciation and amortization expenses | — | $548k | $1.6m | $3.8m | — | — | — | — | — | — | $15.9m | |
| Amortization of deferred income | — | ($78k) | ($312k) | ($312k) | — | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Noncash Expense | $4.9m | $9.9m | $12.2m | $20.3m | $24.8m | $40.7m | $61.3m | $79.6m | $70.7m | $65.6m | $58.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | $8.8m | $0 | $8.2m | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | $61.3m | $79.6m | $70.7m | $65.6m | $58.3m | |
| Share-based compensation | $4.9m | $9.9m | $12.2m | $20.3m | — | — | — | — | — | — | $58.3m | |
| Income (Loss) from Equity Method Investments | — | ($250k) | ($587k) | — | ($1.1m) | ($1.1m) | ($221k) | $0 | $0 | — | — | |
| Other Nonoperating Income (Expense) | — | — | — | $938k | $29.1m | ($5.5m) | $3.1m | $7.0m | $5.3m | $3.5m | — | |
| Share of loss from equity method investment | $35.1m | $250k | $587k | $752k | — | — | — | — | — | — | — | |
| Purchase of equity method investment | — | ($1.9m) | ($2.1m) | — | — | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | — | — | $90k | $3.7m | $1.4m | $42.3m | ($4.3m) | $20.0m | $27.0m | $18.9m | $26.3m | |
| Accounts receivable | — | — | ($90k) | ($3.7m) | — | — | — | — | — | — | $26.3m | |
| Increase (Decrease) in Inventories | — | — | $4k | $6.0m | $7.2m | $7.2m | $15.4m | $14.9m | ($3.9m) | $47.0m | ($46.8m) | |
| Inventory Write-down | — | — | $0 | $0 | $29k | $1.4m | $477k | $973k | $815k | $12.3m | — | |
| Inventories | — | — | ($4k) | ($6.0m) | — | — | — | — | — | — | ($46.8m) | |
| Increase (Decrease) in Accounts Payable | ($930k) | $8.4m | $28.5m | ($14.8m) | $40.0m | $63.5m | ($53.8m) | $36.8m | ($2.2m) | $19.9m | $16.3m | |
| Prepayments and other current assets | ($75k) | ($811k) | ($4.8m) | ($1.1m) | — | — | — | — | — | — | — | |
| Other current liabilities | — | $1.9m | $7.1m | $9.1m | — | — | — | — | — | — | ($7k) | |
| Net Cash Provided by (Used in) Operating Activities | ($32.2m) |
($32.4m)
-0.65%
|
($97.5m)
-201.35%
|
($191.0m)
-95.83%
|
($216.1m)
-13.11%
|
($549.2m)
-154.21%
|
($367.6m)
+33.06%
|
($198.2m)
+46.09%
|
($214.9m)
-8.42%
|
($150.8m)
+29.82%
|
($133.4m)
+11.54%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $2.2m | $9.1m | $10.0m | $6.0m | $10.1m | $18.3m | $24.6m | $7.2m | $5.7m | $8.1m | ($29.1m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | ($13k) | ($704) | ($15k) | $21k | ($29k) | ($560k) | ($159k) | ($453k) | ($542k) | ($45.6m) | |
| Purchases of short-term investments | — | — | ($200.3m) | ($277.6m) | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($2.7m) | ($10.4m) | ($212.6m) | ($14.9m) | ($554.8m) | $250.0m | $420.0m | ($10.8m) | ($375.2m) | $307.9m | ($39.0m) | |
| Cash flows from financing activities: | ||||||||||||
| Proceed from short-term borrowings | — | — | $3.6m | $7.3m | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | — | — | — | — | — | — | — | — | $217.3m | $0 | $0 | |
| Net Cash Provided by (Used in) Financing Activities | $106.2m |
$187.9m
+76.89%
|
$144.1m
-23.27%
|
$219.3m
+52.14%
|
$1.1b
+416.38%
|
$820.2m
-27.57%
|
($1.7m)
-100.21%
|
($6.4m)
-271.85%
|
$349.9m
+5538.97%
|
$72.4m
-79.32%
|
$44.6m
-38.30%
|
|
| Net increase (decrease) in cash, cash equivalents and restricted cash | — | $145.7m | ($166.7m) | $13.5m | — | — | — | — | — | — | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $13.5m | $366.4m | $522.0m | $44.4m | ($218.0m) | ($240.5m) | $229.9m | $705.6m | |
| Cash, cash equivalents and restricted cash - beginning of the year | — | $229.7m | $63.0m | $76.4m | — | — | — | — | — | — | — | |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | — | $652k | ($763k) | $91k | — | — | — | — | — | — | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | — | $66k | $196k | $1.1m | $6.7m | $7.4m | $5.9m | $2.4m | $3.2m | $13.7m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $36k | $288k | $189k | $0 | $0 | — | $2.0m | $4.9m | — | |
| Additional Financial Items | ||||||||||||
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | — | — | ($9.0m) | $2.8m | ($6.1m) | ($1.9m) | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | — | — | ($56.4m) | ($14.8m) | ($15.1m) | $19.6m | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | — | — | — | — | — | ($56.4m) | ($14.8m) | ($15.1m) | $19.6m | — | |
| Gain (Loss) on Disposition of Intangible Assets | — | — | — | — | — | — | — | $10.0m | $0 | $0 | — | |
| General and Administrative Expense | $6.4m | $12.0m | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | — | $0 | $0 | $0 | — | — | $0 | $0 | $0 | ($2.9m) | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | — | $5.2m | — | |
| Investment Income, Interest | $403k | $527k | $3.3m | $8.2m | $5.1m | $2.2m | $14.6m | $39.8m | $37.1m | $33.0m | — | |
| Operating Lease, Expense | $286k | $917k | $1.5m | — | — | — | — | — | — | — | — | |
| Change in fair value of warrants | $1.9m | ($200k) | — | — | — | — | — | — | — | — | — | |
| Long term deposits | ($268k) | ($39k) | ($250k) | $180k | — | — | — | — | — | — | — | |
| Value added tax recoverable | ($1.4m) | ($3.7m) | ($3.0m) | ($5.7m) | — | — | — | — | — | — | — | |
| Deferred income | $717k | $1.6m | ($18k) | $1.1m | — | — | — | — | — | — | — | |
| Purchase of intangible assets | ($6k) | ($15k) | ($103k) | ($1.4m) | — | — | — | — | — | — | — | |
| Proceed from issuance of convertible preferred shares, net of issuance cost | $106.2m | $29.1m | — | — | — | — | — | — | — | — | — | |
| Proceeds from exercises of stock options | — | $66k | $196k | $1.1m | — | — | — | — | — | — | — | |
| Proceeds from issuance of ordinary shares upon public offerings | — | $160.4m | $141.0m | $216.2m | — | — | — | — | — | — | — | |
| Payment of public offering costs | — | ($2.7m) | ($692k) | ($854k) | — | — | — | — | — | — | — | |
| Cash and cash equivalents | $83.9m | $229.7m | $63.0m | $75.9m | — | — | — | — | — | — | $833.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.