ZS
Zscaler Inc
NASDAQ: ZS · TECHNOLOGY · SOFTWARE - INFRASTRUCTURE
$130.68
-3.01% today
Updated 2026-04-30
Market cap
$21.66B
P/E ratio
—
P/S ratio
7.22x
EPS (TTM)
$-0.43
Dividend yield
—
52W range
$115 – $337
Volume
3.1M
Zscaler Inc (ZS) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $53.71M | $80.33M | $125.72M | $190.17M | $302.84M | $431.27M | $673.10M | $1.09B | $1.62B | $2.17B | $2.67B |
| Revenue growth (YoY) | — | +49.6% | +56.5% | +51.3% | +59.2% | +42.4% | +56.1% | +62.1% | +48.2% | +34.1% | +23.3% |
| Cost of revenue | $14.43M | $20.13M | $27.47M | $37.88M | $60.06M | $97.09M | $150.64M | $243.32M | $362.48M | $479.66M | $618.18M |
| Gross profit | $39.28M | $60.20M | $98.25M | $152.30M | $242.77M | $334.18M | $522.46M | $847.63M | $1.25B | $1.69B | $2.05B |
| Gross margin | 73.1% | 74.9% | 78.1% | 80.1% | 80.2% | 77.5% | 77.6% | 77.7% | 77.6% | 77.9% | 76.9% |
| R&D | $15.03M | $20.94M | $33.56M | $39.38M | $61.96M | $96.60M | $174.65M | $288.81M | $347.52M | $499.75M | $672.49M |
| SG&A | $4.47M | $9.40M | $20.52M | $31.14M | $46.60M | $73.63M | $96.53M | $151.74M | $177.54M | $212.05M | $251.75M |
| Operating income | $-12.42M | $-26.84M | $-35.07M | $-26.59M | $-22.23M | $-94.85M | $-207.40M | $-327.43M | $-215.44M | $-123.88M | $-128.46M |
| Operating margin | -23.1% | -33.4% | -27.9% | -14.0% | -7.3% | -22.0% | -30.8% | -30.0% | -13.3% | -5.7% | -4.8% |
| EBITDA | $-9.74M | $-22.10M | $-27.74M | $-11.14M | $2.04M | $-48.11M | $-105.80M | $-183.43M | $-76.72M | $64.79M | $112.41M |
| EBITDA margin | -18.1% | -27.5% | -22.1% | -5.9% | 0.7% | -11.2% | -15.7% | -16.8% | -4.7% | 3.0% | 4.2% |
| EBIT | $-12.60M | $-26.97M | $-34.58M | $-32.31M | $-27.91M | $-107.70M | $-203.81M | $-327.05M | $-175.75M | $-16.14M | $-8.77M |
| Interest expense | $181000.00 | $127000.00 | $490000.00 | $2.31M | $7.40M | $5.03M | $53.36M | $56.58M | $6.82M | $13.09M | $9.52M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-12.83M | $-27.44M | $-35.46M | $-33.65M | $-28.66M | $-115.12M | $-262.03M | $-390.28M | $-202.34M | $-57.71M | $-41.48M |
| Net income growth (YoY) | — | -113.8% | -29.2% | +5.1% | +14.8% | -301.7% | -127.6% | -48.9% | +48.2% | +71.5% | +28.1% |
| Profit margin | -23.9% | -34.2% | -28.2% | -17.7% | -9.5% | -26.7% | -38.9% | -35.8% | -12.5% | -2.7% | -1.6% |