ZAI LAB LIMITED
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-50.8M | $-51.0M | $-36.0M | $-40.7M | $-48.4M | $-41.7M | $-80.3M | $-53.5M |
| Depreciation & Amortization | — | $3.9M | — | — | $3.5M | — | — | $3.0M |
| Depreciation | $2.4M | $2.3M | $2.4M | $2.3M | $2.0M | $2.1M | $2.2M | $2.2M |
| Amortization | $1.8M | $1.6M | $1.5M | $1.5M | $1.5M | $700.0K | $800.0K | $700.0K |
| Stock-Based Compensation | — | $13.5M | — | — | $15.8M | — | — | $18.0M |
| Net Cash from Operating Activities | $-63.4M | $-11.9M | $-32.0M | $-31.0M | $-61.7M | $-26.8M | $-42.2M | $-90.1M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.3M | $1.2M | $3.0M | $2.9M | $1.5M | $1.3M | $741.0K | $974.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | $-22.3M | — | — | $326.1M | — | — | $3.3M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | — | $5.6M | — | — | $43.1M | — | — | $47.5M |
| Net Change in Cash | — | $-28.3M | — | — | $307.6M | — | — | $-39.4M |
| Free Cash Flow | $-64.7M | $-13.1M | $-35.0M | $-33.9M | $-63.2M | $-28.2M | $-42.9M | $-91.1M |