ZLABZai Lab Limited

$26.04

Is it safe?

Can ZLAB take a bad year?

Zai Lab Limited holds $447M more cash than debt, and is burning $27M a quarter, about 6.1 years of cover.

$447M

Net cash

Net debt / EBITDA
net cash

Net debt / EBITDA · no net borrowings to measure against earnings

Cash runway
5+ years

Cash runway · burning $27M a quarter at the current rate

Annualised volatility
61%

Annualised volatility · three times the market's own swing

Details
Total debtQ1 2026
$214M
Cash and short-term investments
$661M
Net cash
$447M
EBITDA, trailing twelve months
−$230M
Operating profit, trailing twelve months
−$243M
Debt / equity
0.32×
Annualised volatilitytwo years of daily moves
61%
Worst drawdown on file
−93%
Below its 52-week high
−27%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.