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How Zai Lab (ZLAB) makes money

Zai Lab (ZLAB) made $108M of revenue in the third quarter 2026 (Q3 2026), -7% from a year earlier. ZEJULA brought in $32.3M (30%); VYVGART / VYVGART Hytrulo brought in $24.1M (22%); NUZYRA brought in $21.1M (19%).

Drawing the Sankey…

Zai Lab revenue by segment, Q3 2026Zai Lab revenue by segment, Q3 2026ZEJULA$32.3MVYVGART / VYVGART Hytrulo$24.1MNUZYRA$21.1MQINLOCK$8.8MXACDURO$8.4MOPTUNE$7.8MAUGTYRO$2.8MKarXT$2.0MOther revenues$856K
Zai Lab: revenue by line, Q1 2025 to Q3 2026Zai Lab: revenue by line, Q1 2025 to Q3 2026ZEJULAVYVGART / VYVGART Hyt…NUZYRAOPTUNEQINLOCKXACDUROAUGTYROOther revenuesZEJULA: $32.3M latest$32.3MVYVGART / VYVGART Hytrulo: $24.1M latest$24.1MNUZYRA: $21.1M latest$21.1MOPTUNE: $7.8M latestQINLOCK: $8.8M latestXACDURO: $8.4M latestAUGTYRO: $2.8M latestOther revenues: $856K latestQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
ZEJULA went from 47% of revenue in Q1 2025 to 30% in Q3 2026, the largest shift in the mix.
Zai Lab revenue by quarterZai Lab revenue by quarter$106MQ1 2025$110MQ2 2025$116MQ3 2025$128MQ4 2025$99.6MQ1 2026$106MQ2 2026$108MQ3 2026

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
ZEJULA$32.3M29.8%+0.6%-24%
VYVGART / VYVGART Hytrulo$24.1M22.2%+0.9%-13%
NUZYRA$21.1M19.5%+23%+37%
QINLOCK$8.8M8.2%-8%-0.8%
XACDURO$8.4M7.8%+6%+31%
OPTUNE$7.8M7.2%-36%-38%
AUGTYRO$2.8M2.6%+28%+68%
KarXT$2.0M1.9%+265%—
Other revenues$856K0.8%+13%+4%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$108M100.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$108M-7%
Q2 2026$106M-3%
Q1 2026$99.6M-6%
Q4 2025$128M+17%
Q3 2025$116M+14%
Q2 2025$110M+9%
Q1 2025$106M+22%

From Zai Lab's 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Zai Lab make money?

Zai Lab (ZLAB) made $108M of revenue in the third quarter 2026 (Q3 2026), -7% from a year earlier. ZEJULA brought in $32.3M (30%); VYVGART / VYVGART Hytrulo brought in $24.1M (22%); NUZYRA brought in $21.1M (19%).

What is Zai Lab's biggest business?

ZEJULA: $32.3M in the third quarter 2026, 30% of revenue, -24% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.