Zscaler, Inc. (ZS)
Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014Q4-CY2013
Balance Sheet Date2025-Oct-312025-Jul-312025-Apr-302025-Jan-312024-Oct-312024-Jul-312024-Apr-302024-Jan-312023-Oct-312023-Jul-312023-Apr-302023-Jan-312022-Oct-312022-Jul-312022-Apr-302022-Jan-312021-Oct-312021-Jul-312021-Apr-302021-Jan-312020-Oct-312020-Jul-312020-Apr-302020-Jan-312019-Oct-312019-Jul-312019-Apr-302019-Jan-312018-Oct-312018-Jul-312018-Apr-30
Fiscal PeriodQ1-FY2026Q4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018
Total Revenue788,112,000$719,226,000$678,034,000$647,900,000$627,955,000$592,868,000$553,201,000$524,999,000$496,703,000$455,006,000$418,800,000$387,598,000$355,548,000$318,059,000$286,807,000$255,563,000$230,517,000$197,074,000$176,404,000$157,044,000$142,578,000$125,887,000$110,524,000$101,268,000$93,590,000$86,108,000$79,128,000$74,302,000$63,298,000$56,174,000$49,163,000$44,976,000$39,861,000$36,544,000$32,964,000$
QoQ%9.58%6.08%4.65%3.18%5.92%7.17%5.37%5.70%9.16%8.65%8.05%9.01%11.79%10.90%12.23%10.87%16.97%11.72%12.33%10.15%13.26%13.90%9.14%8.20%8.69%8.82%6.50%17.38%12.68%14.26%9.31%12.83%9.08%10.86%
YoY%25.51%21.31%22.57%23.41%26.43%30.30%32.09%35.45%39.70%43.06%46.02%51.66%54.24%61.39%62.59%62.73%61.68%56.55%59.61%55.08%52.34%46.20%39.68%36.29%47.86%53.29%60.95%65.20%58.80%53.72%49.14%
Cost Of Revenue184,753,000$172,240,000$155,978,000$148,498,000$141,462,000$130,205,000$118,331,000$117,199,000$111,394,000$102,682,000$95,849,000$87,604,000$76,697,000$68,308,000$64,022,000$57,783,000$52,169,000$45,478,000$38,977,000$34,135,000$31,727,000$31,358,000$24,579,000$20,238,000$19,558,000$17,339,000$14,960,000$15,271,000$12,099,000$11,501,000$9,424,000$8,679,000$8,271,000$8,034,000$6,997,000$
Gross Profit603,359,000$546,986,000$522,056,000$499,402,000$486,493,000$462,663,000$434,870,000$407,800,000$385,309,000$352,324,000$322,951,000$299,994,000$278,851,000$249,751,000$222,785,000$197,780,000$178,348,000$151,596,000$137,427,000$122,909,000$110,851,000$94,529,000$85,945,000$81,030,000$74,032,000$68,769,000$64,168,000$59,031,000$51,199,000$44,673,000$39,739,000$36,297,000$31,590,000$28,510,000$25,967,000$
Gross Margin76.56%76.05%77.00%77.08%77.47%78.04%78.61%77.68%77.57%77.43%77.11%77.40%78.43%78.52%77.68%77.39%77.37%76.92%77.91%78.26%77.75%75.09%77.76%80.02%79.10%79.86%81.09%79.45%80.89%79.53%80.83%80.70%79.25%78.02%78.77%
Operating Expenses639,721,000$579,228,000$547,467,000$539,542,000$517,160,000$489,613,000$437,883,000$453,257,000$431,366,000$396,876,000$378,697,000$365,232,000$347,938,000$332,280,000$309,382,000$281,712,000$252,719,000$218,993,000$181,277,000$176,807,000$153,518,000$139,416,000$106,459,000$111,310,000$92,307,000$76,700,000$77,705,000$64,213,000$59,862,000$52,597,000$48,763,000$42,696,000$42,867,000$41,564,000$33,528,000$
Operating Income(36,362,000$)(32,242,000$)(25,411,000$)(40,140,000$)(30,667,000$)(26,950,000$)(3,013,000$)(45,457,000$)(46,057,000$)(44,552,000$)(55,746,000$)(65,238,000$)(69,087,000$)(82,529,000$)(86,597,000$)(83,932,000$)(74,371,000$)(67,397,000$)(43,850,000$)(53,898,000$)(42,667,000$)(44,887,000$)(20,514,000$)(30,280,000$)(18,275,000$)(7,931,000$)(13,537,000$)(5,182,000$)(8,663,000$)(7,924,000$)(9,024,000$)(6,399,000$)(11,277,000$)(13,054,000$)(7,561,000$)
Operating Margin(4.61%)(4.48%)(3.75%)(6.20%)(4.88%)(4.55%)(.55%)(8.66%)(9.27%)(9.79%)(13.31%)(16.83%)(19.43%)(25.95%)(30.19%)(32.84%)(32.26%)(34.20%)(24.86%)(34.32%)(29.93%)(35.66%)(18.56%)(29.90%)(19.53%)(9.21%)(17.11%)(6.97%)(13.69%)(14.11%)(18.36%)(14.23%)(28.29%)(35.72%)(22.94%)
Interest Income33,154,000$33,175,000$31,263,000$30,878,000$30,048,000$27,233,000$27,570,000$28,385,000$25,942,000$21,351,000$18,577,000$12,669,000$7,865,000$2,607,000$949,000$557,000$473,000$524,000$593,000$755,000$940,000$1,072,000$1,528,000$1,855,000$2,022,000$
Interest Expenses2,764,000$3,605,000$3,159,000$2,494,000$1,383,000$1,333,000$1,331,000$14,458,000$14,246,000$14,040,000$13,835,000$13,634,000$13,436,000$13,245,000$13,049,000$5,025,000$0$0$0$0$0$0$0$0$0$0$0$
Income Before Tax(8,374,000$)(1,903,000$)4,563,000$(16,537,000$)(4,414,000$)(5,104,000$)20,866,000$(20,505,000$)(24,486,000$)(26,026,000$)(39,361,000$)(53,761,000$)(63,416,000$)(95,154,000$)(101,895,000$)(98,259,000$)(88,322,000$)(80,178,000$)(56,622,000$)(65,870,000$)(54,508,000$)(49,092,000$)(18,916,000$)(28,438,000$)(16,282,000$)(6,043,000$)(11,600,000$)(3,008,000$)(7,261,000$)(6,628,000$)(8,414,000$)(6,158,000$)(11,109,000$)(12,943,000$)(7,378,000$)
Tax Expenses3,241,000$15,675,000$8,688,000$(8,813,000$)7,637,000$9,774,000$1,742,000$7,964,000$8,997,000$4,648,000$6,685,000$3,692,000$4,746,000$2,498,000$(490,000$)2,161,000$2,479,000$845,000$1,837,000$1,671,000$498,000$457,000$421,000$716,000$794,000$(767,000$)636,000$547,000$327,000$334,000$357,000$357,000$289,000$326,000$184,000$
Net Income(11,615,000$)(17,578,000$)(4,125,000$)(7,724,000$)(12,051,000$)(14,878,000$)19,124,000$(28,469,000$)(33,483,000$)(30,674,000$)(46,046,000$)(57,453,000$)(68,162,000$)(97,652,000$)(101,405,000$)(100,420,000$)(90,801,000$)(81,023,000$)(58,459,000$)(67,541,000$)(55,006,000$)(49,549,000$)(19,337,000$)(29,154,000$)(17,076,000$)(5,276,000$)(12,236,000$)(3,555,000$)(7,588,000$)(6,962,000$)(8,771,000$)(6,515,000$)(11,398,000$)(13,269,000$)(7,562,000$)
Profit Margin(1.47%)(2.44%)(.61%)(1.19%)(1.92%)(2.51%)3.46%(5.42%)(6.74%)(6.74%)(11.00%)(14.82%)(19.17%)(30.70%)(35.36%)(39.29%)(39.39%)(41.11%)(33.14%)(43.01%)(38.58%)(39.36%)(17.50%)(28.79%)(18.25%)(6.13%)(15.46%)(4.79%)(11.99%)(12.39%)(17.84%)(14.49%)(28.59%)(36.31%)(22.94%)
TTM(1.45%)(1.55%)(1.52%)(.64%)(1.58%)(2.66%)(3.62%)(7.32%)(9.54%)(12.51%)(18.20%)(24.09%)(30.23%)(35.77%)(38.52%)(38.47%)(39.13%)(38.93%)(38.30%)(35.71%)(31.87%)(26.69%)(18.10%)(17.70%)(11.45%)(9.46%)(11.12%)(11.06%)(13.97%)(17.69%)(23.43%)(25.10%)
Earnings to Minority0$1,223,000$2,579,000$2,530,000$2,482,000$2,355,000$
Earnings to Common Shareholders(11,615,000$)(17,578,000$)(4,125,000$)(7,724,000$)(12,051,000$)(14,878,000$)19,124,000$(28,469,000$)(33,483,000$)(30,674,000$)(46,046,000$)(57,453,000$)(68,162,000$)(97,652,000$)(101,405,000$)(100,420,000$)(90,801,000$)(81,023,000$)(58,459,000$)(67,541,000$)(55,006,000$)(49,549,000$)(19,337,000$)(29,154,000$)(17,076,000$)(5,276,000$)(12,236,000$)(3,555,000$)(7,588,000$)(6,962,000$)(9,994,000$)(9,094,000$)(13,928,000$)(15,751,000$)(9,917,000$)
QoQ%33.92%(326.13%)46.60%35.91%19.00%(177.80%)167.18%14.98%(9.16%)33.38%19.85%15.71%30.20%3.70%(.98%)(10.59%)(12.07%)(38.60%)13.45%(22.79%)(11.01%)(156.24%)33.67%(70.73%)(223.65%)56.88%(244.19%)53.15%(8.99%)30.34%(9.90%)34.71%11.57%(58.83%)
YoY%3.62%(18.15%)(121.57%)72.87%64.01%51.50%141.53%50.45%50.88%68.59%54.59%42.79%24.93%(20.52%)(73.46%)(48.68%)(65.08%)(63.52%)(202.32%)(131.67%)(222.13%)(839.14%)(58.03%)(720.08%)(125.04%)24.22%(22.43%)60.91%45.52%55.80%(.78%)
Earnings Per Share, Basic(0.07$)(0.11$)(0.03$)(0.05$)(0.08$)(0.10$)0.13$(0.19$)(0.23$)(0.21$)(0.32$)(0.40$)(0.48$)(0.69$)(0.72$)(0.71$)(0.65$)(0.59$)(0.43$)(0.50$)(0.41$)(0.38$)(0.15$)(0.23$)(0.13$)(0.04$)(0.10$)(0.03$)(0.06$)(0.06$)(0.14$)(0.29$)(0.45$)(0.34$)
Earnings Per Share, Diluted(0.07$)(0.11$)(0.03$)(0.05$)(0.08$)(0.10$)0.12$(0.19$)(0.23$)(0.21$)(0.32$)(0.40$)(0.48$)(0.69$)(0.72$)(0.71$)(0.65$)(0.59$)(0.43$)(0.50$)(0.41$)(0.38$)(0.15$)(0.23$)(0.13$)(0.04$)(0.10$)(0.03$)(0.06$)(0.06$)(0.14$)(0.29$)(0.45$)(0.34$)
Unlevered FCF Per Share, Basic2.72$1.22$0.90$1.07$2.06$1.02$0.92$0.75$1.57$0.74$0.57$0.49$0.72$0.58$0.35$0.24$0.62$0.22$0.43$0.15$0.33$0.10$0.09$0.00$0.09$0.07$0.04$0.10$0.05$0.10$(0.13$)(0.27$)
Unlevered FCF Per Share, Diluted2.72$1.22$0.90$1.07$2.06$1.04$0.89$0.75$1.57$0.74$0.57$0.49$0.72$0.58$0.35$0.24$0.62$0.22$0.43$0.15$0.33$0.10$0.09$0.00$0.09$0.07$0.04$0.10$0.05$0.10$(0.13$)(0.27$)
Average Shares, Basic158,596,000156,478,000154,909,000153,672,000152,557,000151,478,000150,290,000148,951,000147,625,000146,427,000145,354,000144,511,000143,476,000142,347,000141,422,000140,515,000139,296,000137,755,000136,385,000135,024,000133,452,000131,654,000129,682,000128,408,000127,548,000126,264,000124,672,000122,741,000120,587,000119,479,00073,818,00031,434,00030,793,00029,583,000
Average Shares, Diluted158,596,000156,478,000154,909,000153,672,000152,557,000147,687,000154,081,000148,951,000147,625,000146,427,000145,354,000144,511,000143,476,000142,347,000141,422,000140,515,000139,296,000137,755,000136,385,000135,024,000133,452,000131,654,000129,682,000128,408,000127,548,000126,264,000124,672,000122,741,000120,587,000119,479,00073,818,00031,434,00030,793,00029,583,000
EBIT(8,374,000$)(1,903,000$)4,563,000$(16,537,000$)(4,414,000$)(5,104,000$)23,630,000$(16,900,000$)(21,327,000$)(23,532,000$)(37,978,000$)(52,428,000$)(62,085,000$)(80,696,000$)(87,649,000$)(84,219,000$)(74,487,000$)(66,544,000$)(43,186,000$)(52,625,000$)(41,459,000$)(49,092,000$)(18,916,000$)(28,438,000$)(16,282,000$)(6,043,000$)(11,600,000$)(3,008,000$)(7,261,000$)(6,628,000$)(8,414,000$)(6,158,000$)(11,109,000$)(12,943,000$)(7,378,000$)
EBITDA(8,374,000$)(1,903,000$)4,563,000$(16,537,000$)(4,414,000$)(5,104,000$)23,630,000$(16,900,000$)(21,327,000$)(23,532,000$)(37,978,000$)(52,428,000$)(62,085,000$)(80,696,000$)(87,649,000$)(84,219,000$)(74,487,000$)(66,544,000$)(43,186,000$)(52,625,000$)(41,459,000$)(49,092,000$)(18,916,000$)(28,438,000$)(16,282,000$)(6,043,000$)(11,600,000$)(3,008,000$)(7,261,000$)(6,628,000$)(6,514,000$)(6,158,000$)(11,109,000$)(12,943,000$)(5,678,000$)