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ZS.NASDAQ
Zscaler
Information Technology · Systems Software

Zscaler, Inc. operates as a cloud security company worldwide.

HQ: United StatesListed: United States

Profile & Fundamentals

Zscaler: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.

Profile & Fundamentals

Zscaler Profile & Fundamentals

Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.

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Profile & Fundamentals contents

Company and Market Context

Company Profile & Ownership

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.

ZS.NASDAQ

Company profile record

Zscaler Inc

Common Stock · Information Technology · Systems Software

Official website

Company

Company / asset
Zscaler Inc
Security type
Common Stock
Sector
Information Technology
Industry
Systems Software
HQ
🇺🇸 United States
Head office
120 Holger Way, San Jose, CA, United States, 95134

Leadership & scale

Chief executive
Mr. Jagtar Singh Chaudhry
CEO year born
1959
Full-time employees
8.7K
Fiscal year end
July
IPO date
2018-03-16

Fundamentals snapshot

Updated 2026-09-28
Market Cap
USD 34.0B
P/E
--
Revenue (Q3 26)
USD 898.2M
Profit (Q3 26)
USD -3.4M
Dividend Yield
--
Revenue (FY 26)
USD 3.4B
Shares in public float
106.5M
Insider ownership
34.67%

Reporting & identifiers

Symbol
ZS.NASDAQ
Listing
🇺🇸 United States | Dividend Tax: 30%
Ticker Currency
USD
Income Statement Currency
USD
Balance Sheet Currency
USD
Cash Flow Currency
USD
EPS Currency
USD
Contract Type
SPOT
ISIN
US98980G1022
Asset ID
equity_02d1387b-9087-533d-831f-41b2b68b9a61

Ownership

Shares Outstanding

Latest: 160.2M | Max: 160.2M | Min: 103.6M

Shares Outstanding
201.9M151.4M100.9M50.5M0.00
160.2M
'17
'19
'21
'23
'25
'26

Latest reported ownership snapshot

As of Oct 1, 2026

Float Shares

66.45%

106.5M latest reported shares

Insider Ownership

34.67%

Latest reported insider stake

Short Float

0.06%

Latest reported short interest / float

Top Holders

Top 5 concentration: 16.56%
BlackRock Inc
institution
Filed 2026-03-31 • Change +737.6K (+9.42%)
5.25%(8.6M shares)
Vanguard Portfolio Management, LLC
institution
Filed 2026-03-31 • Change +5.9M (0.00%)
3.64%(5.9M shares)
Vanguard Capital Management, LLC
institution
Filed 2026-03-31 • Change +4.7M (0.00%)
2.86%(4.7M shares)
Amvescap Plc.
institution
Filed 2026-03-31 • Change -745.8K (-14.76%)
2.64%(4.3M shares)
First Trust Advisors L.P.
institution
Filed 2026-06-30 • Change +10.5K (+0.30%)
2.16%(3.5M shares)
Vanguard MStar Total Stk Mkt Idx Invest
fund
Filed 2026-08-31 • Change -3.8K (-0.11%)
2.05%(3.3M shares)
First Trust NASDAQ Cybersecurity ETF
fund
Filed 2026-08-31 • Change +4.8K (+0.16%)
1.91%(3.1M shares)
Source tablesView ownership tables

Shares Outstanding

Annual reported shares outstanding; up to 10 reporting dates.

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Shares outstanding — reported values
Reporting dateShares outstanding
2017-01-01103,626,000
2018-01-01120,587,000
2019-01-01127,548,000
2020-01-01133,452,000
2021-01-01139,296,000
2022-01-01143,476,000
2023-01-01147,625,000
2024-01-01152,557,000
2025-01-01158,596,000
2026-01-01160,219,000

Top Holders

Available reported ownership records.

Scroll the table to see every column.

Largest reported holders
HolderSharesOwnershipReported date
BlackRock Inc8,568,3175.25%2026-03-31
Vanguard Portfolio Management, LLC5,930,6353.64%2026-03-31
Vanguard Capital Management, LLC4,660,8902.86%2026-03-31
Amvescap Plc.4,306,5722.64%2026-03-31
First Trust Advisors L.P.3,529,2132.16%2026-06-30
Vanguard MStar Total Stk Mkt Idx Invest3,342,0902.05%2026-08-31
First Trust NASDAQ Cybersecurity ETF3,120,2841.91%2026-08-31
The Goldman Sachs Group Inc2,924,9391.79%2026-03-31
State Street Corp2,384,5181.46%2026-03-31
Vanguard MStar Mid Cap Index Instl2,273,6301.39%2026-08-31
FMR Inc2,190,3181.34%2026-03-31
Pictet Asset Manangement SA2,104,6211.29%2026-06-30
Geode Capital Management, LLC2,086,9101.28%2026-03-31
UBS Asset Mgmt Americas Inc1,965,1141.21%2026-03-31
T. Rowe Price Associates, Inc.1,749,2101.07%2026-03-31

Earnings, Profitability & Valuation

Earnings, Profitability & Valuation

Earnings & Revenue

Earnings and Revenue Trajectory

AI Review

The latest financial performance shows a business growing reliably on the surface while masking key accounting divisions underneath. In fiscal 2026, revenue increased 25.4% to $3.35 billion, supported by strong enterprise customer adoption across the Zero Trust Exchange. Billings and contract obligations expanded to $7.4 billion, confirming healthy corporate demand for cloud-based security. However, headline results reveal a sharp split between reported cash and true net income. While the company generated $852 million in headline free cash flow, it recorded a GAAP operating loss of $133 million due to substantial research overhead and sales costs. Operating cash is heavily flattered by customers paying multi-year contracts upfront, meaning true bottom-line profitability remains negative until overhead costs moderate.

Revenue, Net Income, and Free Cash Flow

Latest: USD 3.4B | Max: USD 3.4B | Min: USD -390.3M

RevenueFree Cash FlowNet Income
USD 4.3BUSD 3.0BUSD 1.7BUSD 451.9MUSD 0.00USD -839.4M
3.4B
852.4M
-63.2M
'17
'19
'21
'23
'25
'26

Valuation

P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.

Latest: --

No history available.

Profitability & Margins

Margins and Operating Efficiency

AI Review

Gross profit margins remained exceptionally sturdy at 76.8% in fiscal 2026, matching prior-year levels. This pricing stability proves that enterprise clients willingly pay premium rates for mission-critical traffic inspection, despite rising energy and bandwidth fees across global data networks. The core subscription engine remains fundamentally lucrative. In contrast, true operating margins remain slightly negative at -4.0%, held back by extensive sales commissions and employee stock compensation. A massive gap separates reported GAAP losses from the company's 23% adjusted operating margin. For shareholders to enjoy lasting investment returns, operational efficiency must turn those adjusted accounting numbers into genuine, positive GAAP net profits.

Profitability Margins

Latest: 76.8% | Max: 80.2% | Min: -38.9%

Gross MarginOperating MarginNet Margin
111.1%70.0%29.0%0.0%-12.1%-53.2%
76.8%
-4.0%
-1.9%
'17
'19
'21
'23
'25
'26

Latest Profitability Ratios as of 2026-07-31

Gross Margin

76.8%

Gross profit / revenue

Operating Margin

-4.0%

Operating income / revenue

Net Margin

-1.9%

Net income / revenue

FCF Margin

25.4%

Free cash flow / revenue

Source tablesView earnings, profitability & valuation tables

Revenue, Net Income, and Free Cash Flow

Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.

Scroll the table to see every column.

Annual earnings and cash flow
Period endRevenue (USD)Net income (USD)Free cash flow (USD)
2017-07-31125,717,000-35,460,000-14,193,000
2018-07-31190,174,000-33,646,0002,137,000
2019-07-31302,836,000-28,655,00027,865,000
2020-07-31431,269,000-115,116,00027,508,000
2021-07-31673,100,000-262,029,000143,743,000
2022-07-311,090,946,000-390,278,000231,332,000
2023-07-311,616,952,000-202,335,000333,619,000
2024-07-312,167,771,000-57,706,000584,950,000
2025-07-312,673,115,000-41,478,000726,693,000
2026-07-313,352,523,000-63,179,000852,350,000

Published P/E Ratio

Published valuation snapshots retain each observation's earnings basis.

No reported records are available in this preview.

Profitability Margins

Matching annual reporting dates. Values are percentages.

Scroll the table to see every column.

Annual profitability margins
Period endGross margin (%)Operating margin (%)Net margin (%)Free cash flow margin (%)
2017-07-3178.15-27.9-28.21-11.29
2018-07-3180.08-13.98-17.691.12
2019-07-3180.17-7.34-9.469.2
2020-07-3177.49-21.99-26.696.38
2021-07-3177.62-30.81-38.9321.36
2022-07-3177.7-30.01-35.7721.2
2023-07-3177.58-13.32-12.5120.63
2024-07-3177.87-5.71-2.6626.98
2025-07-3176.87-4.81-1.5527.19
2026-07-3176.8-3.98-1.8825.42

Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.

Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.

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