Filing Flows › Zai Lab (ZLAB) › Q3 2026
Zai Lab (ZLAB) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Zai Lab (ZLAB) reported revenue of $108M for the third quarter 2026 (Q3 2026), -7% from a year earlier and +2% from the quarter before. Operating margin was -58.2%, net loss $46.1M (42.6% of revenue).
Zai Lab, Q3 2026: revenue $108M (-7% year over year), operating margin -58.2%, net loss $46.1M, operating cash flow −$57.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $108M | +2% | -7% |
| Operating profit | −$63.0M | — | — |
| Net earnings | −$46.1M | — | — |
| Operating cash flow | −$57.9M | — | — |
What changed
Revenue was $108.2M in Q3 2026, down 7% year over year and up 2% from the previous quarter. ZEJULA was the largest line at 30% of revenue. ZEJULA lost $10.1M year over year (down 24%), 129% of the total change.
Operating costs exceeded revenue by $63.0M, an operating margin of -58.2%. Total costs grew 4% against a revenue fall of 7%. The quarter ended with a net loss of $46.1M, narrower than the previous quarter's $50.8M loss. Non-operating items added $15.0M, -31% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$57.9M. Non-cash charges added back $4.4M of depreciation and amortization and $11.0M of share-based compensation. Working capital and other items used $27.1M. Capital expenditures of $947K exceeded it, leaving free cash flow of −$58.8M.
Questions
What was Zai Lab's revenue in the third quarter 2026?
Zai Lab (ZLAB) reported revenue of $108M for the third quarter 2026 (Q3 2026), -7% from a year earlier and +2% from the quarter before.
Was Zai Lab profitable in the third quarter 2026?
Operating loss was $63.0M (-58.2% of revenue) and net loss $46.1M.
Source: Zai Lab 10-Q on SEC EDGAR.