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Zscaler ZS · USD

Information Technology · Software · US listing · 🇺🇸 United States

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199.04

+0.70%

Close of 9 Nov 2026, in USD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2026

Revenue

$3.35bn

FY2017FY2026

Net income

−$63.2m

FY2017FY2026

Free cash flow

$852.4m

FY2017FY2026

Shareholders' equity

$2.60bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue$3.35bn$2.67bn$2.17bn$1.62bn$1.09bn$673.1m$431.3m$302.8m$190.2m$125.7m
Gross profit$2.57bn$2.05bn$1.69bn$1.25bn$847.6m$522.5m$334.2m$242.8m$152.3m$98.2m
Research and development$903.4m$672.5m$499.7m$347.5m$288.8m$174.7m$96.6m$62.0m$39.4m$33.6m
Operating income−$133.3m−$128.5m−$123.9m−$215.4m−$331.6m−$206.6m−$94.9m−$22.2m−$26.6m−$35.1m
Net income−$63.2m−$41.5m−$57.7m−$202.3m−$390.3m−$262.0m−$115.1m−$28.7m−$33.6m−$35.5m
Diluted earnings per share-0.39-0.26-0.38-1.37-2.72-1.88-0.86-0.22-0.28-0.34

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets$7.87bn$6.42bn$4.70bn$3.61bn$2.83bn$2.26bn$1.83bn$604.2m$447.8m$182.9m
Cash and short-term investments$3.47bn$3.57bn$2.41bn$2.10bn$1.73bn$1.50bn$1.37bn$364.6m$298.5m$88.0m
Total liabilities$5.27bn$4.62bn$3.43bn$2.88bn$2.26bn$1.73bn$1.35bn$295.6m$207.5m$133.1m
Debt$1.76bn$1.70bn$1.14bn$1.13bn$968.7m$913.5m$861.6m———
Shareholders' equity$2.60bn$1.80bn$1.27bn$725.1m$573.3m$528.9m$484.8m$308.6m$240.2m$49.8m
Shares outstanding160m159m153m148m143m139m133m128m121m104m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations$1.13bn$972.5m$779.8m$462.3m$321.9m$202.0m$79.3m$58.0m$17.3m−$6.0m
Capital spending−$277.3m−$245.8m−$194.9m−$128.7m−$90.6m−$58.3m−$51.8m−$30.2m−$15.2m−$8.2m
Free cash flow$852.4m$726.7m$585.0m$333.6m$231.3m$143.7m$27.5m$27.9m$2.1m−$14.2m
Dividends paid——————−$1.02bn———

Latest quarters

By quarter end

Jul 2026Apr 2026Jan 2026Oct 2025Jul 2025Apr 2025Jan 2025Oct 2024
Revenue$898.2m$850.5m$815.8m$788.1m$719.2m$678.0m$647.9m$628.0m
Gross profit$689.2m$657.8m$624.5m$603.4m$547.6m$522.2m$499.5m$485.7m
Operating income−$15.5m−$29.6m−$51.8m−$36.4m−$32.2m−$22.4m−$37.0m−$31.9m
Net income−$3.4m−$13.9m−$34.3m−$11.6m−$17.6m−$4.1m−$7.7m−$12.1m
Diluted earnings per share-0.02-0.09-0.21-0.07-0.11-0.03-0.05-0.08
Cash from operations$279.0m$198.0m$204.0m$448.0m$250.0m$211.0m$179.0m$331.0m
Capital spending−$215.0m−$62.0m−$34.0m−$34.0m−$78.0m−$91.0m−$36.0m−$39.0m
Free cash flow$64.0m$136.0m$170.0m$414.0m$172.0m$120.0m$143.0m$292.0m
Total assets$7.87bn$7.10bn$6.75bn$6.50bn$6.42bn$5.34bn$5.01bn$4.71bn
Cash and short-term investments$3.47bn$3.54bn$3.51bn$3.32bn$3.57bn$3.01bn$2.88bn$2.71bn
Debt$1.76bn$1.77bn$1.77bn$1.77bn$1.75bn$1.20bn$1.20bn$1.20bn
Shareholders' equity$2.60bn$2.37bn$2.20bn$1.98bn$1.80bn$1.80bn$1.61bn$1.43bn

Financial ratios

Data as of 23 Sept 2026

FY2026FY2025FY2024FY2023FY2022FY2021
Gross margin76.8%76.9%77.9%77.6%77.7%77.6%
Operating margin-4.0%-4.8%-5.7%-13.3%-30.4%-30.7%
Net margin-1.9%-1.6%-2.7%-12.5%-35.8%-38.9%
Return on equity-2.4%-2.3%-4.5%-27.9%-68.1%-49.5%
Return on assets-0.8%-0.6%-1.2%-5.6%-13.8%-11.6%
Free cash flow yield4.2%3.7%3.0%1.9%1.4%0.9%
Revenue growth25.4%23.3%34.1%48.2%62.1%56.1%
Earnings growth52.3%-28.1%-71.5%-48.2%48.9%127.6%
Current ratio1.70x2.01x1.09x1.88x1.99x2.57x
Debt to equity0.68x0.97x0.94x1.61x1.74x1.76x
Equity ratio33.0%28.0%27.1%20.1%20.2%23.4%
Interest coverage-11.30x-13.49x-9.46x-31.59x-5.86x-3.87x
R&D as a share of sales26.9%25.2%23.1%21.5%26.5%25.9%
Buybacks as a share of market value-1.0%-4.0%-3.3%-2.9%-3.0%-4.4%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue27.5%37.9%45.2%
Operating income-14.8%-8.4%17.4%
Net income-32.2%-24.8%8.7%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin76.8%77.2%77.3%77.4%
Operating margin-4.3%-6.1%-9.8%-10.6%
Net margin-1.7%-3.7%-8.8%-9.9%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Price to earnings-569.2-860.0-476.9-161.7-41.1-170.8-231.5-207.0-140.5
Price to sales10.713.312.720.214.766.561.819.624.9

Market value over time

29 Mar 2018 to 22 Sept 2026, in USD

$870.2m$33.67bn

Share price return

Finished calendar years

20252024202320222021202020192018
Return24%-17%100%-63%53%306%32%13%

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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