Zscaler, Inc. ZS NDXR3KAITECH
Company Overview
Zscaler, Inc. operates as a cloud security company worldwide. The company offers cyberthreat protection products, including Zero Trust SASE, a solution that securely connects workforces, AI agents, workloads, and IoT/OT devices to cloud apps and AI services; Zscaler Internet Access, which provides advanced threat protection, sandbox, and zero trust firewall; Zscaler Private Access solution that includes cyberthreat and data protection, application discovery, secure application access, application segmentation, application protection, and reduced attack surface; Zero Trust Browser, a solution that secures browser-based access to business applications for the extended workforce, including third parties and partners; Zscaler Digital Experience, a solution that monitors end-user experience and helps organizations identify and resolve performance issues across their digital environment; Zero Trust Branch; and Zero Trust Cloud solutions. It also provides Security for AI solution to secure AI adoption across the full AI ecosystem; data security services, including AI-powered data classification and contextual insights, data loss prevention, Saas security, and data security posture management solution. In addition, the company offers Agentic Security Operations solution that enables enterprises to reduce cyber risk by using AI-powered automation; exposure management platform; deception; managed detection and response; agentic security operations center; and threat hunting solutions. It serves automotive, airlines and transportation, conglomerates, consumer goods and retail, energy, financial services, healthcare, insurance, 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.
Why Investors Should Care
Revenue has grown at a 55.0% CAGR over the past five years.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Jul 2025 Revenue of $2.67B (+23.3% YoY); net profit $-41.48M.
- Trailing 12 Months Year-on-year growth — revenue +24.9%.
- 5-Year Trend Long-term compounding — revenue CAGR 55.0%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 54.98% |
| 1 Year: | 24.90% |
Stock Price Performance
| 1 Year: | -8.14% |
| 6 Months: | +88.30% |
| 3 Months: | +73.22% |
| 1 Month: | +18.87% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
Zero Trust + AI risk classification; Avalor acquisition.
- AI-powered zero-trust security Zscaler uses AI/ML across its zero-trust cloud to detect threats and prevent data loss, analysing a massive daily traffic dataset.
- AI data-protection & segmentation AI improves data classification, segmentation and threat correlation across its platform.
- Securing AI usage New products give enterprises visibility and control over employee AI/app usage.
- Zero-trust security leader with a large traffic-data advantage for AI detection (~25% growth).
- Cloud-native platform with strong free cash flow despite thin GAAP margins.
- Securing-AI-usage products add a new growth vector.
- Competition (Microsoft, Palo Alto) and valuation are key risks.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 55.0% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ZS Zscaler, Inc. NDXR3KAITECH | 255.15 | -654.23 | $41.60B | 0.00% | -3.19% | -2.87% | 54.98% | - |
| 2 | NVDA NVIDIA Corporation NDXSPXR3KAITECH | 210.96 | 26.64 | $5.09T | 0.46% | 74.66% | 117.21% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPXR3KTECH | 347.72 | 39.88 | $5.07T | 0.32% | 68.72% | 148.75% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXR3KAITECH | 524.51 | 29.19 | $3.89T | 0.79% | 26.33% | 34.04% | 9.93% | 11.90% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AITECH | 418.51 | 31.19 | $2.17T | 0.95% | 30.20% | 39.97% | 18.94% | 19.57% |
| 6 | AVGO Broadcom Inc. NDXSPXR3KAITECH | 321.68 | 41.08 | $1.54T | 0.72% | 16.70% | 44.25% | 17.04% | 54.08% |
| 7 | MU Micron Technology, Inc. NDXSPXR3KAITECH | 877.55 | 19.82 | $991.10B | 0.05% | 13.69% | 66.64% | 13.68% | 26.02% |
| 8 | AMD Advanced Micro Devices, Inc. NDXSPXR3KAITECH | 516.79 | 131.83 | $843.65B | 0.00% | 5.47% | 10.20% | 11.81% | 66.28% |
| 9 | ASML ASML Holding N.V. NDXAITECH | 1,571.80 | 51.02 | $603.73B | 0.50% | 42.97% | 53.94% | 15.55% | 19.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Apr 2017 | Oct 2017 | Jan 2018 | Apr 2018 | Oct 2018 | Jan 2019 | Apr 2019 | Oct 2019 | Jan 2020 | Apr 2020 | Oct 2020 | Jan 2021 | Apr 2021 | Oct 2021 | Jan 2022 | Apr 2022 | Oct 2022 | Jan 2023 | Apr 2023 | Oct 2023 | Jan 2024 | Apr 2024 | Oct 2024 | Jan 2025 | Apr 2025 | Jul 2025 | Oct 2025 | Jan 2026 | Apr 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 32.96M | 39.86M | 44.98M | 49.16M | 63.30M | 74.30M | 79.13M | 93.59M | 101.27M | 110.52M | 142.58M | 157.04M | 176.40M | 230.52M | 255.56M | 286.81M | 355.55M | 387.60M | 418.80M | 496.70M | 525.00M | 553.20M | 627.96M | - | 678.03M | 719.23M | 788.11M | 815.75M | 850.48M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 155.98M | 172.24M | 184.75M | 191.26M | 192.65M |
| Gross Profit | 25.97M | 31.59M | 36.30M | 39.74M | 51.20M | 59.03M | 64.17M | 74.03M | 81.03M | 85.94M | 110.85M | 122.91M | 137.43M | 178.35M | 197.78M | 222.78M | 278.85M | 299.99M | 322.95M | 385.31M | 407.80M | 434.87M | 486.49M | - | 522.06M | 546.99M | 603.36M | 624.49M | 657.82M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 547.47M | 577.91M | 639.72M | 676.26M | 687.46M |
| Operating Income | -7.56M | -11.28M | -6.40M | -9.02M | -8.66M | -5.18M | -13.54M | -18.27M | -30.28M | -20.51M | -42.67M | -53.90M | -43.85M | -74.37M | -83.93M | -86.60M | -69.09M | -65.24M | -55.75M | -46.06M | -45.46M | -3.01M | -30.67M | - | -25.41M | -30.93M | -36.36M | -51.77M | -29.64M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 38.97M | 30.22M | 35.04M | 26.94M | 49.79M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.97M | -2.22M | 2.13M | 2.18M | 2.70M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.56M | -1.90M | -8.37M | -21.30M | -2.37M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.69M | 15.68M | 3.24M | 13.01M | 11.51M |
| Net Income | -7.56M | -11.40M | -6.51M | -8.77M | -7.59M | -3.56M | -12.24M | -17.08M | -29.15M | -19.34M | -55.01M | -67.54M | -58.46M | -90.80M | -100.42M | -101.41M | -68.16M | -57.45M | -46.05M | -33.48M | -28.47M | 19.12M | -12.05M | - | -4.12M | -17.58M | -11.62M | -34.31M | -13.88M |
| Diluted EPS | - | - | - | - | - | - | - | - | - | - | -0.41 | -0.50 | -0.43 | -0.65 | -0.71 | -0.72 | -0.48 | -0.40 | -0.32 | -0.23 | -0.19 | 0.12 | -0.08 | - | -0.03 | -0.11 | -0.07 | -0.21 | -0.09 |
| R&D Expense | 7.78M | 8.81M | 9.18M | 9.91M | 13.19M | 15.07M | 16.50M | 20.27M | 20.71M | 24.12M | 35.77M | 41.75M | 40.95M | 65.22M | 69.19M | 76.58M | 74.95M | 85.77M | 92.64M | 113.54M | 122.18M | 124.96M | 154.25M | 170.86M | 169.76M | - | 200.50M | 229.14M | 232.28M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Jul 2016 | Jul 2017 | Jul 2018 | Jul 2019 | Jul 2020 | Jul 2021 | Jul 2022 | Jul 2023 | Jul 2024 | Jul 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 80.33M | 125.72M | 190.17M | 302.84M | 431.27M | - | 1.09B | 1.62B | 2.17B | 2.67B |
| Cost of Revenue | - | - | - | - | - | - | 242.28M | 362.83M | 477.13M | 618.18M |
| Gross Profit | 60.20M | 98.25M | 152.30M | 243.17M | 335.54M | - | 848.66M | 1.25B | 1.69B | 2.05B |
| Operating Expenses | - | - | - | - | - | - | 1.18B | 1.49B | 1.81B | 2.18B |
| Operating Income | -26.84M | -35.07M | -34.62M | -35.31M | -113.96M | - | -327.43M | -234.62M | -121.48M | -127.14M |
| EBITDA | - | - | - | - | - | - | -277.58M | -109.21M | 64.83M | 108.12M |
| Interest Expense | - | - | - | - | - | - | 56.58M | 6.54M | 13.13M | 5.23M |
| Pretax Income | - | - | - | - | - | - | -383.63M | -182.56M | -29.23M | -18.29M |
| Tax Provision | - | - | - | - | - | - | 6.65M | 19.77M | 28.48M | 23.19M |
| Net Income | -27.44M | -35.46M | -33.65M | -28.66M | -115.12M | - | -390.28M | -202.34M | -57.71M | -41.48M |
| Diluted EPS | - | - | - | -0.23 | -0.89 | - | -2.77 | -1.40 | -0.39 | -0.27 |
| R&D Expense | 20.94M | 33.56M | 39.38M | 61.97M | 97.88M | 174.65M | 289.14M | 350.79M | 499.83M | 672.49M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Jul 2015 | Jul 2016 | Jul 2017 | Jul 2018 | Jul 2019 | Jul 2020 | Jul 2021 | Jul 2022 | Jul 2023 | Jul 2024 | Jul 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 182.90M | 447.78M | 604.16M | 1.83B | - | 2.83B | 3.61B | 4.70B | 6.42B |
| Current Assets | - | - | - | - | - | - | - | 2.26B | 2.89B | 3.40B | 4.89B |
| Cash & Equivalents | 83.84M | 92.84M | 87.98M | 135.58M | 78.48M | 141.85M | - | 1.01B | 1.26B | 1.42B | 2.39B |
| Inventory | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | 399.75M | 582.64M | 736.53M | 992.18M |
| Total Liabilities | - | - | 133.07M | 207.54M | 295.60M | 1.35B | - | 2.26B | 2.88B | 3.43B | 4.62B |
| Current Liabilities | - | - | 120.46M | 182.83M | 261.95M | 423.90M | - | 1.13B | 1.54B | 3.11B | 2.43B |
| Long Term Debt | - | - | - | - | - | 861.62M | 913.54M | 968.67M | 1.13B | - | 1.70B |
| Total Debt | - | - | - | - | - | - | - | 1.05B | 1.21B | 1.24B | 1.80B |
| Total Equity | -95.33M | -124.74M | -151.14M | 240.24M | 308.56M | 484.83M | - | 573.30M | 725.11M | 1.27B | 1.80B |
| Shares Outstanding | - | - | - | - | - | - | - | 143.04M | 147.17M | 152.49M | 158.30M |
Cash Flows (Annual)
Figures in USD.
| Metric | Jul 2016 | Jul 2017 | Jul 2018 | Jul 2019 | Jul 2020 | Jul 2021 | Jul 2022 | Jul 2023 | Jul 2024 | Jul 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -11.92M | -6.02M | 17.31M | 58.03M | 79.32M | - | 321.91M | 462.34M | 779.85M | 972.45M |
| Investing Cash Flow | -6.65M | -8.17M | -178.10M | -162.07M | -1.04B | - | 374.06M | -259.34M | -683.18M | -427.02M |
| Financing Cash Flow | 27.56M | 9.50M | 208.40M | 46.38M | 1.02B | - | 41.34M | 45.99M | 64.21M | 420.51M |
| Capital Expenditure | -5.40M | -7.78M | -13.40M | -25.52M | -43.07M | - | -90.58M | -128.72M | -194.90M | -245.76M |
| Free Cash Flow | -17.32M | -13.80M | 3.91M | 32.51M | 36.24M | - | 231.33M | 333.62M | 584.95M | 726.69M |
| Net Change in Cash | - | - | - | - | - | - | 737.31M | 249.00M | 160.87M | 965.94M |
| Share Buybacks | 0 | 0 | 3.81M | 22.00K | 0 | 0 | - | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Jul 2016 | Jul 2017 | Jul 2018 | Jul 2019 | Jul 2020 | Jul 2021 | Jul 2022 | Jul 2023 | Jul 2024 | Jul 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | 74.9% | 78.1% | 80.1% | 80.3% | 77.8% | - | 77.8% | 77.6% | 78.0% | 76.9% |
| Operating Margin % | -33.4% | -27.9% | -18.2% | -11.7% | -26.4% | - | -30.0% | -14.5% | -5.6% | -4.8% |
| Net Margin % | -34.2% | -28.2% | -17.7% | -9.5% | -26.7% | - | -35.8% | -12.5% | -2.7% | -1.6% |
| ROE % | 22.0% | 23.5% | -14.0% | -9.3% | -23.7% | - | -68.1% | -27.9% | -4.5% | -2.3% |
| ROCE % | - | -56.2% | -13.1% | -10.3% | -8.1% | - | -19.3% | -11.3% | -7.6% | -3.2% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 6.07% | 9.89M | $2.31B |
| 2 | Vanguard Portfolio Management LLC | 3.80% | 6.20M | $1.45B |
| 3 | Vanguard Capital Management LLC | 2.90% | 4.72M | $1.10B |
| 4 | First Trust Advisors LP | 2.16% | 3.53M | $824.88M |
| 5 | Goldman Sachs Group Inc | 1.94% | 3.16M | $738.95M |
| 6 | State Street Corporation | 1.53% | 2.49M | $582.85M |
| 7 | Pictet Asset Management Holding SA | 1.29% | 2.10M | $491.91M |
| 8 | Geode Capital Management, LLC | 1.28% | 2.09M | $488.66M |
| 9 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 1.06% | 1.73M | $404.63M |
| 10 | Victory Capital Management Inc. | 1.03% | 1.68M | $391.50M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for ZS
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ZS — Frequently Asked Questions
What is the current share price of Zscaler, Inc. (ZS)?
As of 2026-10-23 16:27 PDT, Zscaler, Inc. (ZS) trades at $255.15 on NasdaqGS. Its 52-week range is $118.05 to $336.27.
What is the market capitalisation of ZS?
Zscaler, Inc. (ZS) has a market capitalisation of $41.60B on NasdaqGS.
What is the P/E ratio of ZS?
ZS trades at a trailing price-to-earnings (P/E) ratio of -654.23. The industry average P/E is 30.29. Its price-to-book (P/B) ratio is 12.38.
What is the return on equity (ROE) of ZS?
ZS has a return on equity (ROE) of -2.87%. Its return on capital employed (ROCE) is -3.19%.
Is ZS a good stock to buy?
This page provides a data-driven analysis of Zscaler, Inc. (ZS), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.