Filing Flows › Zai Lab (ZLAB) › Q2 2026
Zai Lab (ZLAB) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Zai Lab (ZLAB) reported revenue of $106M for the second quarter 2026 (Q2 2026), -3% from a year earlier and +7% from the quarter before. Operating margin was -71.9%, net loss $50.8M (47.8% of revenue).
Zai Lab, Q2 2026: revenue $106M (-3% year over year), operating margin -71.9%, net loss $50.8M, operating cash flow −$63.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $106M | +7% | -3% |
| Operating profit | −$76.5M | — | — |
| Net earnings | −$50.8M | — | — |
| Operating cash flow | −$63.4M | — | — |
What changed
Revenue was $106.3M in Q2 2026, down 3% year over year and up 7% from the previous quarter. ZEJULA was the largest line at 30% of revenue. ZEJULA lost $9.0M year over year (down 22%), 244% of the total change.
Operating costs exceeded revenue by $76.5M, an operating margin of -71.9%. Total costs grew 11% against a revenue fall of 3%. The fastest-growing cost line was Research & development (+22%). The quarter ended with a net loss of $50.8M, narrower than the previous quarter's $51.0M loss. Non-operating items added $24.6M, -48% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$63.4M. Non-cash charges added back $4.2M of depreciation and amortization and $11.9M of share-based compensation. Working capital and other items used $28.7M. Capital expenditures of $1.3M exceeded it, leaving free cash flow of −$64.7M.
Questions
What was Zai Lab's revenue in the second quarter 2026?
Zai Lab (ZLAB) reported revenue of $106M for the second quarter 2026 (Q2 2026), -3% from a year earlier and +7% from the quarter before.
Was Zai Lab profitable in the second quarter 2026?
Operating loss was $76.5M (-71.9% of revenue) and net loss $50.8M.
Source: Zai Lab 10-Q on SEC EDGAR.