Zai Lab Limited ZLAB NASDAQ

Zai Lab Limited (ZLAB) generated $-150.79M in operating cash flow for fiscal year 2025. After capital expenditures of $8.1M, free cash flow was $-158.89M.

Free cash flow margin was -34.5% of revenue. Cash conversion ratio was 0.86x, suggesting some earnings are non-cash.

Criteria supported by this page:

• HEALTH (67/100, Partial) — cash generation is adequate but may not fully cover debt in stressed conditions
• MOAT (55/100, Partial) — cash flow generation is present but not at levels indicating a wide moat
• INCOME (10/100) — Cash conversion ratio was 0.86x suggests some earnings are non-cash items

Overall SharesGrow Score: 61/100 with 3/7 criteria passed.