ZS

Updated: Mar 12, 2026 11:30 AM

Zscaler Inc

Market Cap: $35.52B P/S: 45x Ownership — Insider: 35.5% | Institutional: 55.6% | Retail: 8.9% TECHNOLOGY SOFTWARE - INFRASTRUCTURE

Zscaler, Inc. is a leading cloud security provider headquartered in San Jose, California, specializing in secure internet access for applications and data. The company's innovative Zero Trust Exchange platform enables enterprises to migrate from traditional network security frameworks to a modern, cloud-native architecture, offering comprehensive defense against an array of cyber threats. As organizations accelerate their digital transformations, Zscaler is well-positioned to meet the growing demand for scalable and secure cloud solutions, reinforcing its pivotal role in shaping the future of cybersecurity.

Revenue

Revenue, Profit & Income — explained by Jerry the Goat Farmer
Total RevenueEvery single dollar that wanders onto Jerry's farm. Cheese sales, milk money, goat yoga memberships, and that one weird guy who pays $50 to just watch the goats. Jerry doesn't ask questions.
Gross ProfitThe money left after feeding the goats but before reality sets in. Jerry feels rich for exactly 11 minutes.
Net IncomeWhat Jerry actually gets to keep after the Jerrynment, cousin Larry, the feed store, and his ex-wife's lawyer all take their cut. This number is often... humbling.
Using alias: revenuea -> totalRevenue [annual] [income]
Using alias: profita -> grossProfit [annual] [income]
Using alias: incomea -> netIncome [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        11/11 dates (100%)
  ✅ grossProfit                         11/11 dates (100%)
  ✅ netIncome                           11/11 dates (100%)

Plot for ZS (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -2.67B                    -1.34B                     0.00B                     1.34B                     2.67B
               |                         |                         |                         |                         |

  2015-07-31 |                                                    |  0.05B
  2016-07-31 |                                                    |  0.08B
  2017-07-31 |                                                    |  0.13B
  2018-07-31 |                                                    |  0.19B
  2019-07-31 |                                                    |  0.30B
  2020-07-31 |                                                   |  0.43B
  2021-07-31 |                                                |  0.67B
  2022-07-31 |                                             |  1.09B
  2023-07-31 |                                                 |  1.62B
  2024-07-31 |                                                    |  2.17B
  2025-07-31 |                                                    | 2.67B

               |                         |                         |                         |                         |
               -2.67B                    -1.34B                     0.00B                     1.34B                     2.67B

Costs

Operating Costs — explained by Jerry the Goat Farmer
Cost of Goods & Services SoldThe unglamorous stuff: hay, feed, vet bills for when Sergio the goat eats another iPhone. These goats don't feed themselves, and they definitely don't apologize.
Selling, General & AdministrativeThe "CHEESE HAPPENS" billboard on the highway, the accountant (cousin Larry, who definitely cheated in Monopoly as a kid), office supplies, and the therapy Jerry needs after dealing with cousin Larry.
Research & DevelopmentJerry's experimental ghost pepper goat cheese that made three customers cry. Also the goat treadmill. The goats refuse to use the goat treadmill.
Using alias: rnda -> researchAndDevelopment [annual] [income]
Using alias: sgaa -> sellingGeneralAndAdministrative [annual] [income]
Using alias: cogsa -> costofGoodsAndServicesSold [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              11/11 dates (100%)
  ✅ sellingGeneralAndAdministrative     11/11 dates (100%)
  ✅ costofGoodsAndServicesSold          11/11 dates (100%)

Plot for ZS (in M)
  reports: annualReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                    168.12M                   336.24M                   504.36M                   672.49M
               |                         |                         |                         |                         |

  2015-07-31 |  15.03M
  2016-07-31 |  20.94M
  2017-07-31 |  33.56M
  2018-07-31 |  39.38M
  2019-07-31 |  61.96M
  2020-07-31 |  97.09M
  2021-07-31 |  174.65M
  2022-07-31 |  288.81M
  2023-07-31 |  362.48M
  2024-07-31 |  499.75M
  2025-07-31 |  672.49M

               |                         |                         |                         |                         |
               0.00M                    168.12M                   336.24M                   504.36M                   672.49M

Cash

Cash, Debt & Cash Flow — explained by Jerry the Goat Farmer
Cash & Short-Term InvestmentsThe coffee can buried behind the barn, $47 in a savings account, and some cryptocurrency Jerry bought drunk in 2021. He's afraid to check on it.
Short/Long-Term DebtThe barn loan that'll follow Jerry to the grave (long-term) and the $200 he owes the feed store guy who's starting to give him looks (short-term).
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Using alias: casha -> cashAndShortTermInvestments [annual] [balance]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: paychecka -> operatingCashflow [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         11/11 dates (100%)
  ⚠️  shortLongTermDebtTotal              6/11 dates (55%)
  ✅ operatingCashflow                   11/11 dates (100%)

Plot for ZS (in B)
  reports: annualReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -2.39B                    -1.19B                     0.00B                     1.19B                     2.39B
               |                         |                         |                         |                         |

  2015-07-31 |                                                    |  0.08B ⊗
  2016-07-31 |                                                    |  0.09B ⊗
  2017-07-31 |                                                    |  0.09B ⊗
  2018-07-31 |                                                     |  0.14B ⊗
  2019-07-31 |                                                     |  0.08B ⊗
  2020-07-31 |                                                     |  0.91B
  2021-07-31 |                                                     |  0.96B
  2022-07-31 |                                                     |  1.05B
  2023-07-31 |                                                     |  1.26B
  2024-07-31 |                                                     |  1.42B
  2025-07-31 |                                                     | 2.39B

               |                         |                         |                         |                         |
               -2.39B                    -1.19B                     0.00B                     1.19B                     2.39B

FCF

Free Cash Flow — explained by Jerry the Goat Farmer
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Capital ExpendituresBig, expensive purchases Jerry justifies at 2am: the industrial milking machine, new fencing, and a hot tub "for the goats" that somehow only Jerry uses.
Using alias: paychecka -> operatingCashflow [annual] [cashflow]
Using alias: capexa -> capitalExpenditures [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   11/11 dates (100%)
  ✅ capitalExpenditures                 11/11 dates (100%)

Plot for ZS (in M)
  reports: annualReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -972.45M                  -486.23M                    0.00M                    486.23M                   972.45M
               |                         |                         |                         |                         |

  2015-07-31 |                                                    |  6.71M
  2016-07-31 |                                                    |  -11.92M
  2017-07-31 |                                                    |  8.17M
  2018-07-31 |                                                     |  17.31M
  2019-07-31 |                                                     |  58.03M
  2020-07-31 |                                                     |  79.32M
  2021-07-31 |                                                     |  202.04M
  2022-07-31 |                                                     |  321.91M
  2023-07-31 |                                                     |  462.34M
  2024-07-31 |                                                     |  779.85M
  2025-07-31 |                                                     | 972.45M

               |                         |                         |                         |                         |
               -972.45M                  -486.23M                    0.00M                    486.23M                   972.45M

Assets

Assets, Liabilities & Equity — explained by Jerry the Goat Farmer
🐐 Assets = Liabilities + Equity

Translation: What Jerry owns = What Jerry owes + What's actually Jerry's

Or as Jerry mutters every April during tax season:
"Everything I have equals everything I owe plus whatever scraps are left for me, a humble goat man just trying to make cheese in this cruel world."
Total AssetsEverything Jerry owns: 12 acres of land, a barn that's "rustic" (rotting), 47 goats, Sergio (appraised at $800, priceless to Jerry), the cheese cave, and a 2004 Ford F-150 held together by duct tape and prayer.
Total LiabilitiesEverything Jerry owes: bank loans, the feed store tab, back taxes, and a moral debt to his neighbor for "borrowing" that tractor in 2019. They both know he's not returning it.
Total Shareholder EquityIf Jerry sold absolutely everything, paid off every debt, and finally returned that tractor... this is what he'd have left. His actual net worth. Some days it's a retirement fund. Other days it's "enough for a bus ticket and a fresh start."
Using alias: assetsa -> totalAssets [annual] [balance]
Using alias: liabila -> totalLiabilities [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         11/11 dates (100%)
  ✅ totalLiabilities                    11/11 dates (100%)
  ✅ totalShareholderEquity              11/11 dates (100%)

Plot for ZS (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00B                     1.60B                     3.21B                     4.81B                     6.42B
               |                         |                         |                         |                         |

  2015-07-31 |  0.13B
  2016-07-31 |  0.15B
  2017-07-31 |  0.18B
  2018-07-31 |  0.45B
  2019-07-31 |  0.60B
  2020-07-31 |  1.83B
  2021-07-31 |  2.26B
  2022-07-31 |  2.83B
  2023-07-31 |  3.61B
  2024-07-31 |  4.70B
  2025-07-31 |  6.42B

               |                         |                         |                         |                         |
               0.00B                     1.60B                     3.21B                     4.81B                     6.42B

Buffet

Using alias: incomea -> netIncome [annual] [income]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           11/11 dates (100%)
  ⚠️  shortLongTermDebtTotal              6/11 dates (55%)
  ✅ totalShareholderEquity              11/11 dates (100%)

Plot for ZS (in B)
  reports: annualReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -1.80B                    -0.90B                     0.00B                     0.90B                     1.80B
               |                         |                         |                         |                         |

  2015-07-31 |                                                    |  0.06B ⊗
  2016-07-31 |                                                    |  0.07B ⊗
  2017-07-31 |                                                    |  0.05B ⊗
  2018-07-31 |                                                    |  0.24B ⊗
  2019-07-31 |                                                    |  0.31B ⊗
  2020-07-31 |                                                  |  0.91B
  2021-07-31 |                                             |  0.96B
  2022-07-31 |                                          |  1.05B
  2023-07-31 |                                               |  1.21B
  2024-07-31 |                                                   |  1.27B
  2025-07-31 |                                                    | 1.80B

               |                         |                         |                         |                         |
               -1.80B                    -0.90B                     0.00B                     0.90B                     1.80B

Revenue-q

Using alias: revenue -> totalRevenue [quarterly] [income]
Using alias: profit -> grossProfit [quarterly] [income]
Using alias: income -> netIncome [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        25/25 dates (100%)
  ✅ grossProfit                         25/25 dates (100%)
  ✅ netIncome                           25/25 dates (100%)

Plot for ZS (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -788.11M                  -394.06M                    0.00M                    394.06M                   788.11M
               |                         |                         |                         |                         |

  2019-10-31 |                                                    |  93.59M
  2020-01-31 |                                                   |  101.27M
  2020-04-30 |                                                    |  110.52M
  2020-07-31 |                                                  |  125.89M
  2020-10-31 |                                                 |  142.58M
  2021-01-31 |                                                 |  157.04M
  2021-04-30 |                                                 |  176.40M
  2021-07-31 |                                                |  197.07M
  2021-10-31 |                                               |  230.52M
  2022-01-31 |                                              |  255.56M
  2022-04-30 |                                              |  286.81M
  2022-07-31 |                                               |  318.06M
  2022-10-31 |                                                 |  355.55M
  2023-01-31 |                                                 |  387.60M
  2023-04-30 |                                                  |  418.80M
  2023-07-31 |                                                   |  455.01M
  2023-10-31 |                                                   |  496.70M
  2024-01-31 |                                                   |  525.00M
  2024-04-30 |                                                     |  553.20M
  2024-07-31 |                                                    |  592.87M
  2024-10-31 |                                                    |  627.96M
  2025-01-31 |                                                    |  647.90M
  2025-04-30 |                                                    |  678.03M
  2025-07-31 |                                                    |  719.23M
  2025-10-31 |                                                    | 788.11M

               |                         |                         |                         |                         |
               -788.11M                  -394.06M                    0.00M                    394.06M                   788.11M

Costs-q

Using alias: rnd -> researchAndDevelopment [quarterly] [income]
Using alias: sga -> sellingGeneralAndAdministrative [quarterly] [income]
Using alias: cogs -> costofGoodsAndServicesSold [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              25/25 dates (100%)
  ✅ sellingGeneralAndAdministrative     25/25 dates (100%)
  ✅ costofGoodsAndServicesSold          25/25 dates (100%)

Plot for ZS (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                    50.12M                    100.25M                   150.37M                   200.50M
               |                         |                         |                         |                         |

  2019-10-31 |  20.13M
  2020-01-31 |  28.98M
  2020-04-30 |  24.87M
  2020-07-31 |  32.78M
  2020-10-31 |  35.77M
  2021-01-31 |  41.75M
  2021-04-30 |  40.95M
  2021-07-31 |  56.18M
  2021-10-31 |  65.22M
  2022-01-31 |  69.14M
  2022-04-30 |  76.50M
  2022-07-31 |  77.95M
  2022-10-31 |  76.60M
  2023-01-31 |  87.27M
  2023-04-30 |  95.88M
  2023-07-31 |  102.72M
  2023-10-31 |  113.54M
  2024-01-31 |  122.16M
  2024-04-30 |  125.02M
  2024-07-31 |  139.03M
  2024-10-31 |  154.28M
  2025-01-31 |  170.51M
  2025-04-30 |  169.29M
  2025-07-31 |  177.61M
  2025-10-31 |  200.50M

               |                         |                         |                         |                         |
               0.00M                    50.12M                    100.25M                   150.37M                   200.50M

Cash-q

Using alias: cash -> cashAndShortTermInvestments [quarterly] [balance]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ operatingCashflow                   25/25 dates (100%)

Plot for ZS (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               0.00B                     0.60B                     1.19B                     1.79B                     2.39B
               |                         |                         |                         |                         |

  2019-10-31 |  0.07B
  2020-01-31 |  0.08B
  2020-04-30 |  0.12B
  2020-07-31 |  0.91B
  2020-10-31 |  0.93B
  2021-01-31 |  0.94B
  2021-04-30 |  0.96B
  2021-07-31 |  0.96B
  2021-10-31 |  0.98B
  2022-01-31 |  0.99B
  2022-04-30 |  1.01B
  2022-07-31 |  1.05B
  2022-10-31 |  1.22B
  2023-01-31 |  1.26B
  2023-04-30 |  1.28B
  2023-07-31 |  1.26B
  2023-10-31 |  1.36B
  2024-01-31 |  1.44B
  2024-04-30 |  1.26B
  2024-07-31 |  1.42B
  2024-10-31 |  1.55B
  2025-01-31 |  1.76B
  2025-04-30 |  1.99B
  2025-07-31 |  2.39B
  2025-10-31 |  1.83B

               |                         |                         |                         |                         |
               0.00B                     0.60B                     1.19B                     1.79B                     2.39B

FCF-q

Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]
Using alias: capex -> capitalExpenditures [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   25/25 dates (100%)
  ✅ capitalExpenditures                 25/25 dates (100%)

Plot for ZS (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               0.00M                    112.07M                   224.14M                   336.21M                   448.28M
               |                         |                         |                         |                         |

  2019-10-31 |  21.43M
  2020-01-31 |  7.36M
  2020-04-30 |  20.82M
  2020-07-31 |  31.64M
  2020-10-31 |  53.53M
  2021-01-31 |  30.40M
  2021-04-30 |  73.37M
  2021-07-31 |  44.74M
  2021-10-31 |  93.27M
  2022-01-31 |  48.26M
  2022-04-30 |  77.24M
  2022-07-31 |  103.14M
  2022-10-31 |  128.46M
  2023-01-31 |  89.48M
  2023-04-30 |  108.47M
  2023-07-31 |  135.94M
  2023-10-31 |  260.81M
  2024-01-31 |  142.07M
  2024-04-30 |  173.41M
  2024-07-31 |  203.56M
  2024-10-31 |  331.33M
  2025-01-31 |  179.43M
  2025-04-30 |  211.08M
  2025-07-31 |  250.60M
  2025-10-31 |  448.28M

               |                         |                         |                         |                         |
               0.00M                    112.07M                   224.14M                   336.21M                   448.28M

Assets-q

Using alias: assets -> totalAssets [quarterly] [balance]
Using alias: liabil -> totalLiabilities [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         25/25 dates (100%)
  ✅ totalLiabilities                    25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for ZS (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00B                     1.63B                     3.25B                     4.88B                     6.50B
               |                         |                         |                         |                         |

  2019-10-31 |  0.64B
  2020-01-31 |  0.68B
  2020-04-30 |  0.74B
  2020-07-31 |  1.83B
  2020-10-31 |  1.85B
  2021-01-31 |  1.97B
  2021-04-30 |  2.06B
  2021-07-31 |  2.26B
  2021-10-31 |  2.27B
  2022-01-31 |  2.42B
  2022-04-30 |  2.52B
  2022-07-31 |  2.83B
  2022-10-31 |  2.84B
  2023-01-31 |  3.04B
  2023-04-30 |  3.20B
  2023-07-31 |  3.61B
  2023-10-31 |  3.64B
  2024-01-31 |  3.93B
  2024-04-30 |  4.20B
  2024-07-31 |  4.70B
  2024-10-31 |  4.71B
  2025-01-31 |  5.01B
  2025-04-30 |  5.34B
  2025-07-31 |  6.42B
  2025-10-31 |  6.50B

               |                         |                         |                         |                         |
               0.00B                     1.63B                     3.25B                     4.88B                     6.50B

Buffet-q

Using alias: income -> netIncome [quarterly] [income]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for ZS (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -1.98B                    -0.99B                     0.00B                     0.99B                     1.98B
               |                         |                         |                         |                         |

  2019-10-31 |                                                    |  0.31B
  2020-01-31 |                                                    |  0.32B
  2020-04-30 |                                                    |  0.33B
  2020-07-31 |                                                    |  0.91B
  2020-10-31 |                                                    |  0.93B
  2021-01-31 |                                                   |  0.94B
  2021-04-30 |                                                   |  0.96B
  2021-07-31 |                                                   |  0.96B
  2021-10-31 |                                                   |  0.98B
  2022-01-31 |                                                  |  0.99B
  2022-04-30 |                                                  |  1.01B
  2022-07-31 |                                                  |  1.05B
  2022-10-31 |                                                   |  1.22B
  2023-01-31 |                                                   |  1.22B
  2023-04-30 |                                                    |  1.21B
  2023-07-31 |                                                    |  1.21B
  2023-10-31 |                                                    |  1.22B
  2024-01-31 |                                                    |  1.23B
  2024-04-30 |                                                     |  1.24B
  2024-07-31 |                                                    |  1.27B
  2024-10-31 |                                                    |  1.43B
  2025-01-31 |                                                    |  1.61B
  2025-04-30 |                                                    |  1.80B
  2025-07-31 |                                                    |  1.80B
  2025-10-31 |                                                    | 1.98B

               |                         |                         |                         |                         |
               -1.98B                    -0.99B                     0.00B                     0.99B                     1.98B

Price History

Volume

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