Wednesday 7 October 2026 Export all ZS data to Excel Powerpack

Zscaler, Inc.

Zscaler, Inc.’s revenue for fiscal 2026 (year ended July 2026) was $3.4 billion, up 25.4% from fiscal 2025. Revenue growth for ten consecutive years, operating cash flow growth for ten.

212.25 10.45 +5.18%

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Market cap: $33.4B
P/E: 0.0×
Dividend yield: —
F-score: 3/9
Altman Z: 3.22
Beneish M: −2.70
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 15.21

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	7	1	—	3	—	—	8	2	1	9	—

Insider Ownership 34.00%

Capital & Financial Ratios $m

Market Cap 33,350.00

Revenue 3,352.52

Net Income (63.18)

Free Cash Flow 779.14

Net Debt (1,777.80)

Current Ratio 1.70

Debt/Equity 0.65

P/E ratio 0.00

P/S ratio 10.14

P/B ratio 13.09

Past 5Y EPS Growth —

This Y EPS Growth 15.91%

Next Y EPS Growth 14.74%

Next 5Y EPS Growth 15.55%

Scores & Valuation vs History

F-score 3/9 Altman Z 3.22 Beneish M −2.70 Dividend safety n/a

P/S against its own 10 years 8.35%

10-year low 10-year high

P/B against its own 10 years 13.91%

10-year low 10-year high

EV/Sales against its own 10 years 8.72%

10-year low 10-year high

EV/FCF against its own 10 years 11.86%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	2026
Cash	2,100	2,410	3,572	3,474
Receivables	583	737	992	1,149
Inventory	—	—	—	—
Other	—	—	—	—
	2,890	3,397	4,894	5,031

	2023	2024	2025	2026
Payables	18	23	47	48
ST’ Debt	34	1,142	—	—
Other	—	1,142	—	—
	1,536	3,113	2,430	2,961

Compound Annual Growth %

	10y	5y	3y
Sales	45.23%	37.87%	27.51%
Cash Flow	0.00%	41.09%	34.69%
Earnings	0.00%	0.00%	0.00%
Book Value	44.24%	37.49%	53.02%

Revenue $m

	Oct	Jan	Apr	Jul	Year
’26	—	—	—	—	—
’26	788	816	850	898	3,353
’25	628	648	678	719	2,673
’24	497	525	553	593	2,168
’23	356	388	419	455	1,617
’22	231	256	287	318	1,091
’21	143	157	176	197	673

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Oct	Jan	Apr	Jul	Year
’26	—	—	—	—	—
’26	448	204	198	279	1,130
’25	331	179	211	251	972
’24	261	142	173	204	780
’23	128	89	108	136	462
’22	93	48	77	103	322
’21	54	30	73	45	202

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Oct	Jan	Apr	Jul	Year
’26	—	—	—	—	—
’26	413	169	136	61	779
’25	292	143	119	172	727
’24	225	101	123	136	585
’23	96	63	74	101	334
’22	83	29	44	75	231
’21	42	18	56	28	144

Fiscal quarters ending in the months shown.

EPS $

	Oct	Jan	Apr	Jul	Year
’26	—	—	—	—	—
’26	(0.07)	(0.21)	(0.09)	(0.02)	(0.39)
’25	(0.08)	(0.05)	(0.03)	(0.11)	(0.27)
’24	(0.23)	(0.19)	0.12	(0.10)	(0.39)
’23	(0.48)	(0.40)	(0.32)	(0.21)	(1.40)
’22	(0.65)	(0.71)	(0.72)	(0.69)	(2.77)
’21	(0.41)	(0.50)	(0.43)	(0.59)	(1.93)

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	—	24.76	38.03	35.00	157.03	105.74	84.93	153.45	164.78	114.63	Analyst estimates 2027–2029 Powerpack
	High	—	48.24	89.54	212.59	376.11	323.55	227.29	259.61	336.99	231.48
People
People	Employees	950	1,050	1,480	2,020	3,153	4,975	5,962	7,348	7,923	8,700
	Revenue/emp, $m	0.13	0.18	0.20	0.21	0.21	0.22	0.27	0.30	0.34	0.39
Income, $m
Income, $m	Revenue	126	190	303	431	673	1,091	1,617	2,168	2,673	3,353
	Gross margin, %	78.15	80.08	80.30	77.80	77.67	77.79	77.56	77.99	76.87	76.80
	EBT	(35)	(32)	(28)	(113)	(257)	(384)	(183)	(29)	(18)	(17)
	EBT margin, %	(27.51)	(16.99)	(9.22)	(26.14)	(38.21)	(35.16)	(11.29)	(1.35)	(0.68)	(0.51)
	Net income	(35)	(34)	(29)	(115)	(262)	(390)	(202)	(58)	(41)	(63)
	Depreciation	15	21	30	51	129	199	169	215	292	404
Per share, $
Per share, $	Revenue	4.30	2.98	2.45	3.33	4.96	7.74	11.16	14.49	17.31	20.92
	Earnings	(1.21)	(0.63)	(0.23)	(0.89)	(1.93)	(2.77)	(1.40)	(0.39)	(0.27)	(0.39)
	Cash flow	(0.21)	0.27	0.47	0.61	1.49	2.28	3.19	5.21	6.30	7.05
	Capex	(0.28)	(0.24)	(0.24)	(0.40)	(0.43)	(0.64)	(0.89)	(1.30)	(1.59)	(2.19)
	Free cash flow	(0.49)	0.03	0.23	0.21	1.06	1.64	2.30	3.91	4.71	4.86
	Book value	1.71	3.76	2.50	3.75	3.90	4.07	5.00	8.52	11.65	16.22
	Shares, m	29	64	124	129	136	141	145	150	154	160
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	0.00	11.86	34.38	38.94	48.18	19.82	14.38	12.38	16.49	7.23
	P/B	0.00	9.39	33.75	34.64	61.31	37.72	32.06	21.06	24.51	9.32
	EV/Sales	0.00	10.29	33.18	37.79	47.33	19.15	13.80	12.32	16.22	7.04
	EV/FCF	(34.15)	915.82	360.61	626.23	223.94	90.89	67.18	45.76	59.80	30.34
Cash, $m
Cash, $m	Operating cash flow	(6)	17	58	79	202	322	462	780	972	1,130
	Capex	(8)	(15)	(30)	(52)	(58)	(91)	(129)	(195)	(246)	(351)
	Free cash flow	(14)	2	28	28	144	231	334	585	727	779
Balance, $m
Balance, $m	Working capital	22	204	234	1,158	1,128	1,122	1,354	284	2,465	2,070
	Total debt	—	—	—	878	934	995	1,168	1,142	1,701	1,696
	Net debt	(88)	(299)	(365)	(493)	(569)	(737)	(932)	(1,267)	(1,872)	(1,778)
	Shareholders’ equity	50	240	309	485	529	573	725	1,274	1,799	2,598
Returns, %
Returns, %	ROA	(26.77)	(12.68)	(5.45)	(9.44)	(12.81)	(15.33)	(6.28)	(1.39)	(0.75)	(0.88)
	ROIC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	(1,129.31)	0.00	(10.15)
	ROE	32.64	(89.74)	(10.44)	(29.02)	(51.70)	(70.82)	(31.17)	(5.77)	(2.70)	(2.87)

Negative figures in brackets.

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Zscaler, Inc. (ZS) key facts

Zscaler, Inc. (ZS) is a Software Infrastructure company in the Technology sector, listed on Nasdaq.
Zscaler, Inc.’s revenue for fiscal 2026 (year ended July 2026) was $3.4 billion, up 25.4% from fiscal 2025.
As of October 6, 2026, ZS traded at $212.25, a market capitalization of $33.4 billion.
Return on equity was −2.87% and debt-to-equity 0.65.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 3.22 (safe zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.