
Zscaler, Inc.
NASDAQ•ZS
CEO: Mr. Jagtar Singh Chaudhry
Sector: Technology
Industry: Software - Infrastructure
Listing Date: 2018-03-16
Zscaler, Inc. operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds. It also provides Zscaler Digital Experience that measures end-to-end user experience across business applications, as well as provides an easy-to-understand digital experience score for each user, application, and location within an enterprise. In addition, the company offers Posture Control solutions comprising cloud applications and workload data security to protect data in public cloud environments; and Cloud Infrastructure Entitlement Management that provides deep granularity into identity and privilege access management. Further, it provides Workload Segmentation solutions that secures application-to-application communications inside public clouds and data centers; and Zero Trust Device Segmentation solutions that offers agentless segmentation for enterprise IT and OT environments, as well as Zero Trust SD-WAN solutions. Its platform modules include Zscaler Central Authority, Zscaler Enforcement Node, and Zscaler Log Servers. The company serves customers in airlines and transportation, conglomerates, consumer goods and retail, financial services, healthcare, manufacturing, media and communications, public sector and education, technology, and telecommunications services industries. The company was formerly known as SafeChannel, Inc., and changed its name to Zscaler, Inc. in August 2008. Zscaler, Inc. was incorporated in 2007 and is headquartered in San Jose, California.
Contact Information
Market Cap
$37.93B
P/E (TTM)
-940.1
66.3
Dividend Yield
--
52W High
$336.99
52W Low
$164.78
52W Range
Rank59Top 76.7%
2.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024
Financial Dashboard
Q1 2026 Data
Revenue
$788.11M+25.50%
4-Quarter Trend
EPS
-$0.07-11.39%
4-Quarter Trend
FCF
$413.30M+24.74%
4-Quarter Trend
2026 Q1 Earnings Highlights
Key Highlights
Quarterly Revenue Jumps 26% Revenue reached $788.1M for the quarter, driven by 26% growth, primarily from existing customer expansion.
Strong Customer Retention Metrics Dollar-based net retention rate hit 115% for trailing twelve months, indicating strong recurring revenue expansion success.
Free Cash Flow Margin Improves Free cash flow was $413.3M, achieving a 52% margin, up from 46% reported in the prior year period.
Strategic Acquisitions Completed Closed Red Canary for $651.4M cash and SPLXAI for $40.6M cash during the reporting period.
Risk Factors
History of Operating Losses Incurred net losses in all periods; accumulated deficit stands at $1.201B as of October 31, 2025.
Intense Market Competition Risks Face intense competition requiring continuous investment to maintain platform relevance and market share against rivals.
Reliance on Third-Party Infrastructure Business relies on external data centers; disruptions from natural disasters or cyberattacks pose material operational risks.
Key Personnel Dependency Concerns Future vision heavily dependent on CEO Jay Chaudhry; loss of key employees could hinder strategic execution.
Outlook
Continued Investment in Growth Expect continued absolute dollar increases in Sales/Marketing and R&D to drive future revenue growth opportunities.
Liquidity Position Remains Strong Existing cash, equivalents, and investments totaling $3.32B sufficient for next 12 months operating needs.
Integrating Recent Business Acquisitions Focus on integrating Red Canary and SPLXAI technologies into AI Security offerings for anticipated operational synergy.
Potential NOL Utilization Limits Ability to use $1.057B U.S. federal Net Operating Loss carryforwards may be limited by ownership changes.
Peer Comparison
Revenue (TTM)
XYZ$23.97B
STX$9.56B
EA$7.29B
Gross Margin (Latest Quarter)
FICO82.3%
TEAM82.0%
FTNT81.5%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| STX | $63.52B | 37.2 | -282.7% | 59.2% |
| FTNT | $62.33B | 33.2 | 119.9% | 10.6% |
| EA | $50.76B | 57.5 | 13.7% | 12.5% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
6.7%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Mar 4, 2026
EPS:$0.89
|Revenue:-
Reports
All Years
Form 10-Q - Q1 2026
Period End: Oct 31, 2025|Filed: Nov 25, 2025|Revenue: $788.11M+25.5%|EPS: $-0.07-11.4%MissForm 10-K - FY 2025
Period End: Jul 31, 2025|Filed: Sep 11, 2025|Revenue: $2.67B+23.3%|EPS: $-0.27+30.8%MissForm 10-Q - Q3 2025
Period End: Apr 30, 2025|Filed: May 29, 2025|Revenue: $678.03M+22.6%|EPS: $-0.03-120.5%MissForm 10-Q - Q2 2025
Period End: Jan 31, 2025|Filed: Mar 10, 2025|Revenue: $647.90M+23.4%|EPS: $-0.05-73.5%MissForm 10-Q - Q1 2025
Period End: Oct 31, 2024|Filed: Dec 5, 2024|Revenue: $627.96M+26.4%|EPS: $-0.08-65.7%MissForm 10-K - FY 2024
Period End: Jul 31, 2024|Filed: Sep 12, 2024|Revenue: $2.17B+34.1%|EPS: $-0.39+72.1%MissForm 10-Q - Q3 2024
Period End: Apr 30, 2024|Filed: Jun 7, 2024|Revenue: $553.20M+32.1%|EPS: $0.13-140.6%MissForm 10-Q - Q2 2024
Period End: Jan 31, 2024|Filed: Mar 6, 2024|Revenue: $525.00M+35.4%|EPS: $-0.19-52.5%Miss