ZLAB — Stock Film
STOCK FILMSCENE 1/11ZLAB · $26.01
Stock Expert AI presents
ZLAB
Zai Lab Limited
~4 min film100% real numbers0 jargon
WHAT DOES THIS COMPANY DO?
Zai Lab Limited. A quick introduction.

On the stock market since 2017, it operates in the world of health and science. It has 1,784 employees. Now — the numbers.

on the stock market since 2017
1,784 employees
$2.3B market value
Revenue last year:
$0
The loss that same year:
$0
For every $1 it earns, the company spends $1.4.

The company is still in the product-building phase: its spending runs above its sales. That only changes once the product starts selling at scale.

WHERE DOES THE MONEY COME FROM?
57%Zejula
Zejula 57%Nuzyra 18%Optune 14%Qinlock 11%Product and Service, Other <1%
57% of all revenue comes from a single line: Zejula.

That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.

THE SALES TREND
Sales are growing, year after year.

Average growth of 34% a year over the last 4 years. Red columns mark years that ended in a loss.

$144.3M
2021
$215M
2022
$266.7M
2023
$399M
2024
$460.2M
2025
In the vault right now:
$0
DEBT: $224.3M
At this pace, that money lasts about 3.9 years.

Before the clock runs out, either sales must climb sharply or new money must come in. For now, time is on the company’s side.

THE COUNCIL REVIEW
9

angles, checked one by one.

The 6 that stand out are on screen; the rest came back neutral.

The council scores out of 10; report-card grades are out of 100.

STRENGTHS
A strong cash pile8/10
Heavy investment in the future10/10
Few are betting against it10/10
WEAK SPOTS
Executives aren’t buying3/10
The stock has lost its spark3/10
Costs eat into the margin4/10
WORTH WATCHING

Executive Buying: The trades send no strong signal of confidence.

THE FIVE-YEAR JOURNEY
A long and steep decline.

An investor who bought at the very peak is down 83% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.

1
THE BRIGHT SIDE · 1/3
Sales keep climbing

Over the last 3 years, sales grew about 29% a year on average.

2
THE BRIGHT SIDE · 2/3
The product is selling

Sales run at $460.2M a year. A small number, but proof the product has real buyers.

3
THE BRIGHT SIDE · 3/3
Strong cash, light debt

There is $689.6M in the vault; even if every debt were paid off, $465.3M would remain.

1
THE RISKS · 1/3
Small sales, big loss

A loss of $175.5M against $460.2M in annual sales.

2
THE RISKS · 2/3
Executives aren’t buying

No clear buy-side message is coming from the executive floor. Council score: 3/10.

3
THE RISKS · 3/3
The stock has lost its spark

Since the drop from its peak, buyer appetite hasn’t come back. Council score: 3/10.

FINALE · THE GRADE
C
0 / 100 · MoonshotScore

On our five-subject report card, ZLAB sits in the middle of the class: some subjects shine, others don’t. The grade moves as the numbers move.

The takeaway: ZLAB is a high-risk stock — not yet profitable, and its future rides on its product catching on.

What would you like to do next?
Open the stock page →
This was a film — not investment advice.
Data: FMP & company filings
Aug 22, 2026 · stockexpertai.com · Stock Film