Zscaler, Inc. (ZS)
Technology · Software - Infrastructure · NasdaqGS
Zscaler, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $80.33M | $125.72M | $190.17M | $302.84M | $431.27M | $673.10M | $1.09B | $1.62B | $2.17B | $2.67B |
| Gross profit | $60.20M | $98.25M | $152.30M | $243.17M | $335.54M | $522.78M | $848.66M | $1.25B | $1.69B | $2.05B |
| Net income | $-27.44M | $-35.46M | $-33.65M | $-28.66M | $-115.12M | $-262.03M | $-390.28M | $-202.34M | $-57.71M | $-41.48M |
| Net margin | -34.2% | -28.2% | -17.7% | -9.5% | -26.7% | -38.9% | -35.8% | -12.5% | -2.7% | -1.6% |
Source: Zscaler, Inc. SEC filings (10-K).
What growth is priced into ZS stock?
At today's market cap of $19.82B, Zscaler, Inc. is priced for free-cash-flow growth of about 11.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $726.69M from the FY ending 2025-07-31). For comparison, free cash flow actually grew 82.1%/yr over the last five fiscal years and revenue 44%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 10 years of Zscaler, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeZscaler, Inc. financial history by metric
About Zscaler, Inc.
Zscaler, Inc. operates as a cloud security company worldwide. The company offers cyberthreat protection products, including Zscaler Internet Access, which provides threat protection, cloud sandbox, and cloud browser isolation; Zscaler Private Access solution that includes cyberthreat and data protection, application discovery, secure application access, application segmentation, application protection, reduced attack surface, and browser isolation; Zero Trust Firewall; Cloud Sandbox; and Zero Trust Browser. It also provides data security products, such as web and email DLP, endpoint DLP, BYOD security, multi-mode CASB, unified SaaS security, DSPM, AI-SPM, public gen AI security, and Microsoft Copilot data protection; Zero Trust Cloud solution. In addition, the company offers Zero Trust Branch comprising Zero Trust SD-WAN; IoT/OT segmentation; privileged remote access; Zscaler Cellular; and 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. Further, it provides security operations products, including data fabric for security; asset exposure management; Risk360; unified vulnerability management; deception; managed detection and response; and managed threat hunting. Additionally, the company offers Zero Trust Gateway, a fully managed Zscaler service. It serves the 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.
Zscaler, Inc. — frequently asked questions
What is Zscaler, Inc.'s revenue?
Zscaler, Inc. (ZS) reported revenue of $2.67B for fiscal year 2025, up 23.3% from the prior year, according to its SEC filings.
Is Zscaler, Inc. profitable?
No — ZS reported a net loss of $-41.48M in fiscal 2025.
What is ZS's P/E ratio?
Zscaler, Inc. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Zscaler, Inc. growing?
ZS's revenue grew at roughly 44.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Zscaler, Inc. have?
As of fiscal year 2025, ZS carried roughly $1.70B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Zscaler, Inc.'s gross margin?
ZS's gross margin was 76.9% in fiscal 2025 — gross profit of $2.05B on revenue of $2.67B.
What is Zscaler, Inc.'s market cap?
Zscaler, Inc. (ZS) has a market capitalization of about $19.82B, based on the latest data in our nightly-refreshed cache.
When does Zscaler, Inc.'s fiscal year end?
ZS's fiscal year ends in July. Its most recent annual filing covers the fiscal year ending 2025-07-31.
What growth is priced into ZS stock?
At today's market cap of $19.82B, Zscaler, Inc. is priced for free-cash-flow growth of about 11.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $726.69M from the FY ending 2025-07-31). For comparison, free cash flow actually grew 82.1%/yr over the last five fiscal years and revenue 44%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Zscaler, Inc.'s official SEC filings (10-K and 10-Q), covering 10 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.