ZSCALER, INC. financials
Source: EDGAR filings · Built 2026-06-04T02:32:12Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 808.20M | 635.26M | 365.15M | 252.62M | 153.88M | 36.24M |
| Working Capital | 2.46B | 283.73M | 1.35B | 1.12B | 1.13B | 1.16B |
| Net Debt | -592.45M | -185.12M | -51.66M | 32.51M | 688.71M | 763.39M |
| Gross Margin | 76.87% | 77.99% | 77.56% | 77.79% | 77.67% | 77.80% |
| Operating Margin | -4.81% | -5.60% | -14.51% | -30.01% | -30.87% | -26.42% |
| Net Margin | -1.55% | -2.66% | -12.51% | -35.77% | -38.93% | -26.69% |
| Return on Equity (ROE) | -2.31% | -4.53% | -27.90% | -68.08% | -49.54% | -23.74% |
| Return on Assets (ROA) | -0.65% | -1.23% | -5.61% | -13.78% | -11.61% | -6.28% |
| Current Ratio | 2.01× | 1.09× | 1.88× | 1.99× | 2.57× | 3.73× |
| Debt-to-Equity | 1.00× | 0.97× | 1.67× | 1.82× | 1.82× | 1.87× |
| Effective Tax Rate | -126.77% | -97.43% | -10.83% | -1.73% | -1.89% | -2.12% |
| Cash Conversion Ratio | -23.45× | -13.51× | -2.29× | -0.82× | -0.77× | -0.69× |
| Accruals Ratio | -0.16× | -0.18× | -0.18× | -0.25× | -0.21× | -0.11× |
| SBC % of Revenue | 24.74% | 24.34% | 27.51% | 37.54% | 38.41% | 28.15% |
| CapEx Coverage | 5.92× | 5.39× | 4.76× | 4.65× | 4.19× | 1.84× |
| Free Cash Flow Per Share | $5.23 | $4.25 | $2.52 | $1.79 | $1.13 | $0.28 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 2.67B | 2.17B | 1.62B | 1.09B | 673.10M | 431.27M |
| Cost of Revenue | 618.18M | 477.13M | 362.83M | 242.28M | 150.32M | 95.73M |
| Gross Profit | 2.05B | 1.69B | 1.25B | 848.66M | 522.78M | 335.54M |
| Research and Development Expense | 672.49M | 499.83M | 350.79M | 289.14M | 174.65M | 97.88M |
| Operating Expenses | 2.18B | 1.81B | 1.49B | 1.18B | 730.60M | 449.49M |
| Operating Income (Loss) | -128.46M | -121.48M | -234.62M | -327.43M | -207.81M | -113.96M |
| Income Tax Expense (Benefit) | 23.19M | 28.48M | 19.77M | 6.65M | 4.85M | 2.39M |
| Net Income (Loss) Attributable to Parent | -41.48M | -57.71M | -202.34M | -390.28M | -262.03M | -115.12M |
| Earnings Per Share, Basic | $-0.27 | $-0.39 | $-1.40 | $-2.77 | $-1.93 | $-0.89 |
| Weighted Average Number of Shares Outstanding, Basic | 154.40M | 149.59M | 144.94M | 140.90M | 135.65M | 129.32M |
| Earnings Per Share, Diluted | $-0.27 | $-0.39 | $-1.40 | $-2.77 | $-1.93 | $-0.89 |
| Weighted Average Number of Shares Outstanding, Diluted | 154.40M | 149.59M | 144.94M | 140.90M | 135.65M | 129.32M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 2.39B | 1.42B | 1.26B | 1.01B | 275.90M | 141.85M |
| Assets, Current | 4.89B | 3.40B | 2.89B | 2.26B | 1.85B | 1.58B |
| Assets | 6.42B | 4.70B | 3.61B | 2.83B | 2.26B | 1.83B |
| Long-term Debt | — | 1.14B | 1.13B | 968.67M | 913.54M | 861.62M |
| Liabilities, Current | 2.43B | 3.11B | 1.54B | 1.13B | 720.21M | 423.90M |
| Liabilities | 4.62B | 3.43B | 2.88B | 2.26B | 1.73B | 1.35B |
| Stockholders' Equity Attributable to Parent | 1.80B | 1.27B | 725.11M | 573.30M | 528.89M | 484.83M |
| Common Stock, Shares, Outstanding | 158.30M | 152.49M | 147.17M | 143.04M | 138.66M | 132.82M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 972.45M | 779.85M | 462.34M | 321.91M | 202.04M | 79.32M |
| Payments to Acquire Property, Plant, and Equipment | 164.25M | 144.59M | 97.20M | 69.30M | 48.16M | 43.07M |
| Net Cash Provided by (Used in) Investing Activities | -427.02M | -683.18M | -259.34M | 374.06M | -109.67M | -1.04B |
| Payments for Repurchase of Common Stock | — | — | — | — | 0 | 0 |
| Net Cash Provided by (Used in) Financing Activities | 420.51M | 64.21M | 45.99M | 41.34M | 41.67M | 1.02B |
Derived Metrics
| Concept | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 772.90M | 617.29M | 430.97M | 190.56M | 617.64M | 478.73M |
| Working Capital | 2.15B | 2.11B | 1.90B | 2.46B | 747.00M | 616.34M |
| Net Debt | 879.07M | 661.64M | 495.85M | -592.45M | -762.08M | -520.16M |
| Gross Margin | 77.35% | 76.55% | 76.56% | 76.05% | 77.00% | 77.08% |
| Operating Margin | -3.49% | -6.35% | -4.61% | -4.48% | -3.75% | -6.20% |
| Net Margin | -1.63% | -4.21% | -1.47% | -2.44% | -0.61% | -1.19% |
| Return on Equity (ROE) | -0.59% | -1.56% | -0.59% | -0.98% | -0.23% | -0.48% |
| Return on Assets (ROA) | -0.20% | -0.51% | -0.18% | -0.27% | -0.08% | -0.15% |
| Current Ratio | 1.86× | 1.90× | 1.82× | 2.01× | 1.24× | 1.20× |
| Debt-to-Equity | 0.79× | 0.85× | 0.93× | 1.00× | 0.68× | 0.77× |
| Effective Tax Rate | -485.53% | -61.10% | -38.70% | -823.70% | 190.40% | 53.29% |
| Cash Conversion Ratio | -61.25× | -19.01× | -38.59× | -14.26× | -174.99× | -66.13× |
| Accruals Ratio | -0.12× | -0.10× | -0.07× | -0.04× | -0.14× | -0.10× |
| SBC % of Revenue | 71.76% | 49.67% | 23.93% | 24.01% | 72.08% | 50.83% |
| CapEx Coverage | 10.98× | 18.60× | 25.90× | 4.17× | 6.93× | 15.94× |
| Free Cash Flow Per Share | $4.81 | $3.87 | $2.72 | $1.23 | $3.99 | $3.12 |
Valuation Metrics
Income Statement
| Concept | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 850.48M | 815.75M | 788.11M | 719.23M | 678.03M | 647.90M |
| Cost of Revenue | 192.65M | 191.26M | 184.75M | 172.24M | 155.98M | 148.50M |
| Gross Profit | 657.82M | 624.49M | 603.36M | 546.99M | 522.06M | 499.40M |
| Research and Development Expense | 232.28M | 229.14M | 200.50M | 177.61M | 169.76M | 170.86M |
| Operating Expenses | 687.46M | 676.26M | 639.72M | 579.23M | 547.47M | 539.54M |
| Operating Income (Loss) | -29.64M | -51.77M | -36.36M | -32.24M | -25.41M | -40.14M |
| Income Tax Expense (Benefit) | 11.51M | 13.01M | 3.24M | 15.68M | 8.69M | -8.81M |
| Net Income (Loss) Attributable to Parent | -13.88M | -34.31M | -11.62M | -17.58M | -4.13M | -7.72M |
| Earnings Per Share, Basic | $-0.09 | $-0.21 | $-0.07 | $-0.11 | $-0.03 | $-0.05 |
| Weighted Average Number of Shares Outstanding, Basic | 160.74M | 159.68M | 158.60M | 154.40M | 154.91M | 153.67M |
| Earnings Per Share, Diluted | $-0.09 | $-0.21 | $-0.07 | $-0.11 | $-0.03 | $-0.05 |
| Weighted Average Number of Shares Outstanding, Diluted | 160.74M | 159.68M | 158.60M | 154.40M | 154.91M | 153.67M |
Balance Sheet
| Concept | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 982.11M | 1.20B | 1.34B | 2.39B | 1.99B | 1.76B |
| Assets, Current | 4.65B | 4.45B | 4.21B | 4.89B | 3.92B | 3.67B |
| Assets | 7.10B | 6.75B | 6.50B | 6.42B | 5.34B | 5.01B |
| Long-term Debt | — | — | — | — | 1.15B | 1.15B |
| Liabilities, Current | 2.50B | 2.34B | 2.31B | 2.43B | 3.17B | 3.05B |
| Liabilities | 4.73B | 4.56B | 4.52B | 4.62B | 3.53B | 3.40B |
| Stockholders' Equity Attributable to Parent | 2.37B | 2.20B | 1.98B | 1.80B | 1.80B | 1.61B |
| Common Stock, Shares, Outstanding | 161.71M | 160.57M | 159.47M | 158.30M | 155.70M | 154.72M |
Cash Flow Statement
| Concept | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 850.37M | 652.35M | 448.28M | 250.60M | 721.85M | 510.77M |
| Payments to Acquire Property, Plant, and Equipment | 77.47M | 35.07M | 17.31M | 60.05M | 104.21M | 32.04M |
| Net Cash Provided by (Used in) Investing Activities | -2.28B | -1.86B | -1.50B | -247.58M | -179.44M | -201.14M |
| Net Cash Provided by (Used in) Financing Activities | 24.50M | 24.50M | 3.10M | 395.11M | 25.40M | 25.80M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (ZS CIK 0001713683),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.