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NASDAQ · SERVICES-COMPUTER PROGRAMMING SERVICES · LARGE CAP

Zscaler, Inc. ZS

10 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.7B
▲ 23.3% YoY
$-41.5M
$808.2M
▲ 27.2% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Zscaler operates a multi-tenant, globally distributed cloud that provides inline inspection of internet and SaaS traffic, secures access to internally managed applications, protects cloud applications, manages digital experience, and scans for exposures and misconfigurations. It has over 9,400 customers across all major geographies, including approximately 40% of the Forbes Global 2000 and over 45% of Fortune 500 companies. It had a total of 7,923 employees in locations around the world as of July 31, 2025. No end customer accounted for more than 10% of its revenue in fiscal 2025, fiscal 2024, or fiscal 2023. Approximately 49% of its revenue was from customers outside the United States for all periods presented. Its platform is organized around four core solutions: Zero Trust Everywhere, Data Security Everywhere, Security for AI, and Agentic Operations. Zscaler was incorporated in the state of Delaware in September 2007 as SafeChannel, Inc., and changed its name to Zscaler, Inc. in August 2008.

Written from the business description in Zscaler, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 11 September 2025. Every sentence was checked against that document before publication.

Growth

USD 2.7B
Revenue, FY2025 · full 10-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.7 · Net income -0.0
1.0B2.0B-0.1B-0.3B
2016201920222025
Compound annual growth
+34.8%
+44.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +44.0% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−2 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -4.8% · Net -1.6%
-10%-20%-30%
201620202025
ROE
FY2025 · ROE -2.7%
-20%-40%-60%
201620202025
Three returns, three denominators.

Each USD of equity lost 3 cents this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 808.2
300M600M
201620202025
Net buybacks $M Dividends $M
FY2021 · Dividends · · Net buybacks -18.2
-15M-30M
201620172018201920202021

Total assetsUSD 6.4B
EquityUSD 1.8B
CashUSD 2.4B
Current ratio2.01×

Equity funds 28% of total assets.

The 10-year record

10 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
ZS, 10-year financial record
Metric 2025202420232022202120202019201820172016
Revenue $B2.72.21.61.10.70.40.30.20.10.1
Operating income $B−0.1−0.1−0.2−0.3−0.2−0.1−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.1◌◌◌◌◌◌◌◌
Income tax $B0.00.00.00.00.00.00.00.00.00.0
Net income $B−0.0−0.1−0.2−0.4−0.3−0.1−0.0−0.0−0.0−0.0
Free cash flow $B0.80.60.40.30.20.00.00.0−0.0−0.0
EPS, diluted $−0.27−0.39−1.40−2.77−1.93−0.89−0.23−0.63−1.54−1.36
Dividend / sh $◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend——————————
ROE %−2.7−5.8−31.2−70.8−51.7−29.0−10.4———
Shares out B0.160.150.150.140.140.130.130.000.03◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

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Provenance

Company facts, as filed

How we verify · 0 failures in 48 reconciliationsAUDITED

Reconciled in 10 of the 10 fiscal years we could check. 20 checks were skipped: the balance sheet is not tagged before 2017. Nine checks were skipped: EPS is not tagged before 2016. Nine checks were skipped: revenue is not tagged before 2016.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Computer Programming Services
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsJuly 31
Data on record since2016

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