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Zscaler

ZSNASDAQStock Fundamentals

Zscaler is a cloud-native cybersecurity company that provides a Zero Trust platform designed to securely connect users, devices, and applications in a mobile and cloud-first world. The company's architecture replaces traditional perimeter-based security like firewalls and VPNs with a policy-based exchange that verifies identity and context before granting access. Its core value proposition centers on reducing the attack surface, preventing lateral threat movement, and optimizing digital experiences for global enterprises.

Market Cap$28.1B
Revenue TTM$3.0B
Net Income TTM-$67.6M
Net Margin-2.25%
EPS TTM$-0.42
Free Cash Flow TTM$946.8M
Employees6.0K
CEOJagtar Singh Chaudhry
CountryUnited States of America
Technology
Software - Infrastructure
SegmentsSoftware - Infrastructure, Cybersecurity, Cloud Computing
Business ModelsSubscription SaaS, Cloud-native Platform, B2B
Most Recent EarningsFeb 26, 2026 · 2 months agoQ1 2026 · FQ2 FY2026
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Next EarningsMay 26, 2026 · In 6 daysAfter Market Close · Q2 2026 · FQ3 FY2026

Financials

Based on Q1 2026 · FQ2 FY2026 filing

Gross Margin76.53%
Op. Margin-4.86%
ROE-3.56%
D/E80.5%
Current Ratio1.90
Total Debt$1.8B
Cash$1.2B
CapEx TTM$167.3M

Gross Profit

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Net Income

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Operating Cash Flow

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Free Cash Flow

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EPS (Diluted)

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Business Segments

Zero Trust Everywhere

primary

The company's primary solution suite that extends Zero Trust principles across users, cloud workloads, and branch locations. It replaces legacy networking hardware with a unified architecture that secures access to the internet, SaaS, and private applications.

Products

Zscaler Internet Access (ZIA), Zscaler Private Access (ZPA), Zscaler Digital Experience (ZDX), Zero Trust SD-WAN, Zero Trust Gateway

Customers

Global 2000 Enterprises, Government Agencies, Financial Services, Healthcare Providers, Manufacturing

Data Security Everywhere

major

A comprehensive suite focused on safeguarding sensitive information throughout its lifecycle across SaaS, IaaS, and on-premises environments. It utilizes AI-powered classification and monitoring to prevent unauthorized data exfiltration.

Products

Enterprise Data Loss Prevention (DLP), Cloud Access Security Broker (CASB), Data Security Posture Management (DSPM), SaaS Security Posture Management (SSPM)

Customers

Regulated Industries, Large Enterprises, Public Sector

Security for AI

moderate

Solutions designed to secure the adoption of generative AI applications and protect private AI models. It provides visibility into AI usage, prevents data leakage to public LLMs, and secures private AI agents.

Products

Zscaler AI Guard, AI-SPM, AI Decoys for LLMs, GenAI Security

Customers

Technology Companies, Enterprise AI Developers, Modern Digital Organizations

Agentic Operations

moderate

Integrates advanced AI to empower security and IT operations teams with automated threat detection, exposure management, and predictive analytics for network performance.

Products

Unified Vulnerability Management, Asset Exposure Management, Red Canary Managed Detection and Response (MDR), Identity Protection

Customers

Security Operations Centers (SOC), IT Operations Teams, Managed Service Providers

Segment Financials

Asia Pacific — Revenue

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Reportable Segment — Revenue

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Reportable Segment — R&D

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Reportable Segment — Cost of revenue

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Business Overview

Competitive Position

A pioneer in Zero Trust architecture that leverages a massive global multi-tenant cloud to provide inline security inspection at scale.

Geographies

United States, Europe, Asia Pacific, Middle East

Customer Segments

Fortune 500, Global 2000, Federal Government, Large Enterprise

Upstream Dependencies

Public Cloud Infrastructure Providers, Standard x86 Hardware Manufacturers, Internet Interconnection Hubs, Colocation Data Center Providers

Downstream Customers

Global Enterprises, Government Agencies, Telecommunications Service Providers, System Integrators

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Zscaler FAQ

Common questions about Zscaler

Zscaler is a cloud-native cybersecurity company that provides a Zero Trust platform designed to securely connect users, devices, and applications in a mobile and cloud-first world. The company's architecture replaces traditional perimeter-based security like firewalls and VPNs with a policy-based exchange that verifies identity and context before granting access. Its core value proposition centers on reducing the attack surface, preventing lateral threat movement, and optimizing digital experiences for global enterprises.

Zscaler (ZS) has a market capitalization of $28.1B and trades on NASDAQ.

Zscaler generated $3.0B in trailing twelve-month revenue with a net loss of $67.6M, representing a net margin of -2.3%. Gross margin stands at 76.5%, with free cash flow of $946.8M. These figures are based on the Q1 2026 filing.

Zscaler's key competitors include Palo Alto Networks, Cloudflare, Fortinet, and others. These companies compete in similar markets and product categories.

Zscaler has approximately 5,962 employees.