
Zscaler, Inc.
ZSNASDAQTechnologySoftware - Infrastructure
Previous close
$181.75
+$6.795 · +3.88%
ZS company overview
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AI-powered factor overview
GoAI score
Hold
Wait — insufficient conviction to act
Valuation
79
Undervalued
Momentum
32
Weakening
Sentiment
49
Mixed
Risk resilience
39
High Risk
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Company profile
Company websiteGlobally recognized, Zscaler, Inc. functions as a leading provider of cloud-based security solutions. Its core offerings include Zscaler Internet Access (ZIA), which ensures secure connectivity for a diverse range of entities – including users, servers, operational technology (OT), and IoT devices – when accessing external resources like software-as-a-service (SaaS) applications and general internet destinations. Complementing this, the Zscaler Private Access (ZPA) solution facilitates secure entry to internal applications residing in private or public clouds and traditional data centers. Zscaler also delivers Zscaler Digital Experience (ZDX), a tool that assesses the complete user journey across various business applications. ZDX then generates a clear, digestible digital experience score for individual users, specific applications, and different locations within an organization. Furthermore, the company's portfolio extends to advanced workload segmentation solutions. This category includes Zscaler Cloud Security Posture Management (CSPM), designed to identify and correct application misconfigurations across SaaS, IaaS, and PaaS environments, thereby minimizing risk and upholding compliance standards. Another key offering is Zscaler Cloud Workload Segmentation, specifically engineered to fortify application-to-application communication within public clouds and data centers. Its objective is to thwart lateral threat propagation, safeguard applications from compromise, and ultimately mitigate the potential for data breaches. The underlying platform is built upon integral components such as the Zscaler Central Authority, Zscaler Enforcement Nodes, and Zscaler Log Servers. Serving a diverse global clientele, Zscaler caters to numerous sectors including aviation and transportation, conglomerates, consumer goods and retail, financial services, healthcare, manufacturing, media and communications, public sector and education, as well as technology and telecommunications. Founded in 2007, the company initially operated as SafeChannel, Inc., before rebranding to Zscaler, Inc. in August 2008. Its corporate headquarters are located in San Jose, California.
- Industry
- Software - Infrastructure
- Sector
- Technology
- Headquarters
- US
- CEO
- Jagtar Singh Chaudhry
- Listed since
- Mar 16, 2018
- Employees
- 7,923
Market position
Day range
Current $181.75
52-week range
Current $181.75
- Open
- $175.23
- Previous close
- $174.95
- Volume
- 1.69M
- 0.44× average
- Average volume
- 3.82M
- Average daily volume
- Market cap
- 29.39B USD
- Beta
- 0.92
- Market reference 1
- 50-day average
- $150.77
- +20.55% above average
- 200-day average
- $179.44
- +1.29% above average
Financials
Financial snapshot
Latest / TTMValuation & yield
- Enterprise value
- 43.5B USD
- P/E (TTM)
- -378.64×
- P/B (TTM)
- 12.34×
- P/S (TTM)
- 9.26×
- EV / EBITDA
- 386.96×
- Earnings yield
- -0.09%
- Free cash flow yield
- 1.65%
- Dividend yield
- 0.00%
Profitability & efficiency
- Gross margin
- 76.67%
- Operating margin
- -4.73%
- Net margin
- -2.44%
- Return on equity
- -2.31%
- Return on assets
- -0.65%
- Return on invested capital
- -3.18%
Financial health
- Debt / equity
- 0.79×
- Current ratio
- 2.01×
- Altman Z-score
- 4.28
- Piotroski F-score
- 4 of 9
Financial statements
Margin trends
Profitability as a percentage of reported revenue.
Income trends
Revenue
Operating income
Net income
| Metric (USD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 2.67B USD | 2.17B USD | 1.62B USD | 1.09B USD | 673.1M USD |
| Cost of goods sold | 618.18M USD | 479.66M USD | 362.48M USD | 243.32M USD | 150.64M USD |
| Gross profit | 2.05B USD | 1.69B USD | 1.25B USD | 847.63M USD | 522.46M USD |
| Research and development | 672.49M USD | 499.75M USD | 347.52M USD | 288.81M USD | 174.65M USD |
| Selling, general, and administrative | 1.51B USD | 1.31B USD | 1.12B USD | 886.25M USD | 555.2M USD |
| Operating expenses | 2.18B USD | 1.81B USD | 1.47B USD | 1.18B USD | 729.85M USD |
| Interest income | 125.36M USD | 109.13M USD | 60.46M USD | 4.59M USD | 2.81M USD |
| Interest expense | 9.52M USD | 13.09M USD | 6.82M USD | 56.58M USD | 53.36M USD |
| Depreciation and amortization | 121.18M USD | 80.93M USD | 99.03M USD | 143.62M USD | 98.01M USD |
| Operating income | −128.46M USD | −123.88M USD | −215.44M USD | −327.43M USD | −207.4M USD |
| Net income | −41.48M USD | −57.71M USD | −202.34M USD | −390.28M USD | −262.03M USD |
Company facts updated Aug 24, 2026.
Earnings
- EPS beat rate
- 100%
- 11 beats, 0 misses, 0 met estimates
- Average EPS surprise
- +19.77%
- 11 comparable reports
- Latest EPS result
- 1.08
- Estimate 1.01 · Beat by 6.93%
EPS: actual versus estimate
Recent quarterly results
Revenue: actual versus estimate
Recent quarterly results
Analyst ratings
Third-party consensus; not a GoAI recommendation.
Analyst price target
Average target
$191.76
5.51% upsideRating distribution
53 ratingsRecent analyst actions
ZS news
ZS peers
ETFs holding ZS
Funds reporting this stock among their holdings, ordered by reported position size.
First Trust Nasdaq Cybersecurity ETFCIBR539.12M3.63%15.09B USD0.58%$94.85+1.50%
Vanguard Morningstar Total Stock Market ETFVTI505.9M0.02%2.3T USD0.03%$378.24+0.44%
Vanguard Morningstar Mid-Cap ETFVO343.96M0.15%224.7B USD0.03%$82.97+0.53%
Vanguard Morningstar Growth ETFVUG244.59M0.07%372B USD0.03%$87.50+0.38%
Vanguard Extended Market ETFVXF179.24M0.19%93.7B USD0.05%$245.53+0.82%
Vanguard Information Technology ETFVGT147.19M0.09%160.2B USD0.09%$118.42+0.05%
Amplify Cybersecurity ETFHACK139.99M4.88%2.86B USD0.60%$111.62+1.69%
Vanguard Morningstar Mid-Cap Growth ETFVOT121.61M0.36%33.5B USD0.05%$305.46+0.79%
First Trust Nasdaq Cybersecurity ETFCIBR- Market value
- 539.12M
- Weight
- 3.63%
- AUM
- 15.09B USD
- Expense ratio
- 0.58%
- Price / 1D
- $94.85+1.50%
Vanguard Morningstar Total Stock Market ETFVTI- Market value
- 505.9M
- Weight
- 0.02%
- AUM
- 2.3T USD
- Expense ratio
- 0.03%
- Price / 1D
- $378.24+0.44%
Vanguard Morningstar Mid-Cap ETFVO- Market value
- 343.96M
- Weight
- 0.15%
- AUM
- 224.7B USD
- Expense ratio
- 0.03%
- Price / 1D
- $82.97+0.53%
Vanguard Morningstar Growth ETFVUG- Market value
- 244.59M
- Weight
- 0.07%
- AUM
- 372B USD
- Expense ratio
- 0.03%
- Price / 1D
- $87.50+0.38%
Vanguard Extended Market ETFVXF- Market value
- 179.24M
- Weight
- 0.19%
- AUM
- 93.7B USD
- Expense ratio
- 0.05%
- Price / 1D
- $245.53+0.82%
Vanguard Information Technology ETFVGT- Market value
- 147.19M
- Weight
- 0.09%
- AUM
- 160.2B USD
- Expense ratio
- 0.09%
- Price / 1D
- $118.42+0.05%
Amplify Cybersecurity ETFHACK- Market value
- 139.99M
- Weight
- 4.88%
- AUM
- 2.86B USD
- Expense ratio
- 0.60%
- Price / 1D
- $111.62+1.69%
Vanguard Morningstar Mid-Cap Growth ETFVOT- Market value
- 121.61M
- Weight
- 0.36%
- AUM
- 33.5B USD
- Expense ratio
- 0.05%
- Price / 1D
- $305.46+0.79%
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