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Zscaler Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Zscaler holds $6.8B in total assets. Shareholders' equity is $2.2B against $1.8B in total debt. Cash and equivalents total $1.2B. The current ratio is 1.90 and debt-to-equity is 0.805. Based on the Q1 2026 filing.

Total Assets$6.8BTotal Stockholders Equity$2.2BLong Term Debt$1.6BCash And Equivalents$1.2BTotal Current Assets$4.5BTotal Current Liabilities$2.3B
Latest FilingQ1 2026
Report Date2026-02-26
Market Cap$28.1B
ROE-3.56%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$25.4M$24.6M$54.6M$46.9M$48.4M$29.0M
Accrued compensation$47.9M$39.0M$43.1M$61.4M$64.8M$50.5M
Accrued expenses$126.4M$140.4M$155.1M$181.8M$135.2M$160.5M
Accrued Manufacturing Costs$126.4M$140.4M$155.1M$181.8M$135.2M$160.5M
Accrued Progress Collections and Price Adjustments$250.6M$282.7M$307.1M$413.6M$405.1M$371.8M
Commissions and Contract Termination Costs$22.0M$21.6M$35.4M$59.4M$27.8M$34.6M
Contract liabilities$250.6M$282.7M$307.1M$413.6M$405.1M$371.8M
Accrued expenses and other current liabilities$83.4M$90.6M$84.7M$94.0M$107.5M$100.3M
Compensation and benefits$126.4M$140.4M$155.1M$181.8M$135.2M$160.5M
Deferred revenue$1.5B$1.6B$1.7B$2.1B$1.9B$2.0B
Operating lease liabilities, current$49.6M$49.9M$47.2M$52.5M$68.4M$67.6M
Total current liabilities$3.0B$3.0B$3.2B$2.4B$2.3B$2.3B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$424.6M$514.3M$615.8M$992.2M$530.5M$551.8M
Available-for-Sale Debt Securities$1.2B$1.1B$1.0B$1.2B$2.0B$2.3B
Available-for-Sale Debt Securities - Amortized Cost$1.2B$1.1B$1.0B$1.2B$2.0B$2.3B
Available-for-Sale Debt Securities - Amortized Cost (Due Within One Year)$562.7M$523.1M$482.9M—$514.1M$469.5M
Available-for-Sale Debt Securities - Unrealized Loss Position (>=12 Months)$36.5M$1.5M$0.0$0.0$17.2M$0.0
AFS and Trading Securities - Unrealized Loss Position (>=12 Months)$36.5M$1.5M$0.0$0.0$17.2M$0.0
AFS and Trading Securities - Unrealized Loss Position (<12 Months) Fair Value$440.0M$380.7M$343.7M$553.3M$546.7M$506.7M
Available-for-Sale Debt Securities - Unrealized Loss Position (<12 Months)$440.0M$380.7M$343.7M$553.3M$546.7M$506.7M
Available-for-Sale Debt Securities - Unrealized Loss Position$1.7M$1.5M$415.0K$1.0M$952.0K$642.0K
AFS and Trading Securities - Unrealized Loss Position (>=12 Months) Fair Value$36.5M$1.5M$0.0$0.0$17.2M$0.0
AFS and Trading Securities - Unrealized Loss Position Fair Value$476.4M$382.2M$343.7M$553.3M$563.9M$506.7M
AFS and Trading Securities - Unrealized Loss Position (<12 Months) Fair Value$440.0M$380.7M$343.7M$553.3M$546.7M$506.7M
Capitalized Contract Costs, Current$152.5M$156.1M$165.8M$180.8M$182.6M$188.7M
Cash and cash equivalents$1.6B$1.8B$2.0B$2.4B$1.3B$1.2B
Cash, Cash Equivalents, and Marketable Securities$476.4M$382.2M$343.7M$553.3M$563.9M$506.7M
Deferred costs$152.5M$156.1M$165.8M$180.8M$182.6M$188.7M
Debt securities - current$1.2B$1.1B$1.0B$1.2B$2.0B$2.3B
Accrued investment income$12.6M$13.0M$14.6M$17.9M$24.8M$23.7M
Trading assets$562.9M$523.6M$483.4M—$515.1M$470.7M
Prepaid expenses and other current assets$108.8M$114.6M$128.3M$148.9M$171.6M$197.5M
Total current assets$3.4B$3.7B$3.9B$4.9B$4.2B$4.5B
Trading Securities in Marketable Securities$10.3M$10.6M$10.6M$10.6M$10.6M$12.6M

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$2.6B$2.8B$3.0B$3.0B$3.2B$3.4B
AFS and Trading Securities - Unrealized Loss Position (>=12 Months) Accumulated Loss$54.0K$2.0K$0.0$0.0$7.0K$0.0
Accumulated other comprehensive income (loss)-$4.5M-$22.3M$16.2M$8.1M$7.9M$15.2M
Common stock1B1B1B1B1B1B
Common Stock Par Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00
Common Stock Shares Issued153.4M154.7M155.7M158.3M159.5M160.6M
Common Stock Shares Outstanding$46.6M$8.7M$10.6M$11.9M$14.8M$118.0K
Convertible Preferred Stock Authorized Shares200M200M200M200M200M200M
Convertible Preferred Stock Issued Shares000000
Convertible Preferred Stock Outstanding Shares000000
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March&#160;31, 2026 and December&#160;31, 2025, respectively$153.0K$155.0K$156.0K$159.0K$159.0K$161.0K
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$0.0$0.0$0.0$0.0$0.0$0.0
Investments - Gross Unrealized Losses$476.4M$382.2M$343.7M$553.3M$563.9M$506.7M
Number of Exercisable Options283K66K62K47K38K44K
Preferred stock$0.0$0.0$0.0$0.0$0.0$0.0
Preferred Stock Par Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00
Retained earnings-$1.2B-$1.2B-$1.2B-$1.2B-$1.2B-$1.2B
Share-Based Payment Award Options Outstanding - Number366K181K171K177K151K151K
Total liabilities and stockholders' equity$4.7B$5.0B$5.3B$6.4B$6.5B$6.8B
Total stockholders' equity$1.4B$1.6B$1.8B$1.8B$2.0B$2.2B
Unrealized Gains on Investments$2.3M$2.1M$3.5M$1.9M$5.1M$6.1M
Unrealized Losses on Investments (Before Tax)$1.7M$1.5M$415.0K$1.0M$952.0K$642.0K
Weighted Average Exercise Price of Outstanding Options$55.46$154.95$163.80$220.95$232.74$232.74

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capitalized Contract Costs, Net$439.1M$440.4M$463.9M$509.5M$505.1M$519.3M
Deferred Tax Assets and Other Non-Current Assets$58.8M$77.1M$86.7M$98.7M$95.1M$94.7M
Equity method investments$10.3M$10.6M$10.6M$10.6M$10.6M$12.6M
Equity Securities Without Readily Determinable Fair Value - Cumulative Downward Adjustments$10.3M$10.6M$10.6M$10.6M$10.6M$12.6M
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)$7.2M$7.3M$7.3M—$28.2M$27.5M
Finite Lived Intangible Assets - Gross$109.6M$109.9M$109.9M$109.9M$286.5M$275.7M
Goodwill$417.0M$417.7M$417.7M$417.7M$994.5M$1.0B
Intangible assets, net$59.6M$55.7M$51.4M$47.3M$215.3M$193.4M
Investments - Amortized Cost Basis$10.3M$10.6M$10.6M$10.6M$10.6M$12.6M
Net Investment in Lease$84.1M$83.7M$71.4M$89.8M$127.5M$138.3M
Deferred costs$286.7M$284.3M$298.1M$328.7M$322.6M$330.6M
Intangible assets &#8212; net$59.6M$55.7M$51.4M$47.3M$215.3M$193.4M
Operating lease right-of-use assets$84.1M$83.7M$71.4M$89.8M$127.5M$138.3M
Other non-current assets$58.8M$77.1M$86.7M$98.7M$95.1M$94.7M
Property, plant and equipment at cost$683.7M$725.5M$835.0M$915.2M$952.3M$995.7M
Operating lease right-of-use assets$84.1M$83.7M$71.4M$89.8M$127.5M$138.3M
Operating Lease Right-of-Use Assets in Other Assets$84.1M$83.7M$71.4M$89.8M$127.5M$138.3M
Other non-current assets$286.7M$284.3M$298.1M$328.7M$322.6M$330.6M
Accumulated depreciation$274.7M$303.2M$336.1M$371.8M$410.0M$451.1M
Property and equipment, net$409.0M$422.3M$498.9M$543.4M$542.3M$544.6M
Software and Technology Licenses, Net$58.8M$77.1M$86.7M$98.7M$95.1M$94.7M
Total assets$4.7B$5.0B$5.3B$6.4B$6.5B$6.8B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contract Liabilities, Non-Current$250.6M$282.7M$307.1M$413.6M$405.1M$371.8M
Convertible Debt (Non-Current)———$1.7B$1.7B$1.7B
Hedged Liability - Fair Value Hedge-$1.5M-$790.0K-$406.0K—-$2.9M-$2.1M
Long-term debt$1.1B$1.1B$1.1B$1.7B$1.8B$1.6B
Deferred revenue, net of current portion$250.6M$282.7M$307.1M$413.6M$405.1M$371.8M
Operating lease liabilities, non-current$41.9M$40.9M$32.7M$43.4M$65.8M$94.1M
Other non-current liabilities$24.3M$26.1M$26.5M$33.3M$44.3M$48.3M
Total liabilities$3.3B$3.4B$3.5B$4.6B$4.5B$4.6B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cumulative Cost Basis$683.7M$725.5M$835.0M$915.2M$952.3M$995.7M
Deferred Revenue Timing Percentage49.0%49.0%48.0%—47.0%47.0%
Accrued bonuses$33.4M$68.1M$41.3M$51.6M$18.7M$61.8M
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax$1.7M$1.5M$415.0K$1.0M$952.0K$642.0K
Gross Unrealized Gains$2.3M$2.1M$3.5M$1.9M$5.1M$6.1M
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One$562.7M$523.1M$482.9M—$514.1M$469.5M
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One$562.9M$523.6M$483.4M—$515.1M$470.7M
Capitalized Contract Cost, Net$439.1M$440.4M$463.9M$509.5M$505.1M$519.3M
Cash Equivalents And Available-For-Sale Securities, At Cost$2.6B$2.8B$2.9B$2.7B$3.2B$3.4B
Cash Equivalents And Short-Term Investments, Estimated Fair Value$2.6B$2.8B$2.9B$2.7B$3.2B$3.4B
Cash Equivalents And Short-Term Investments, Gross Unrealized Losses$1.7M$1.5M$444.0K$1.0M$952.0K$642.0K
Cash Equivalents And Short-Term Investments, Gross Unrealized Gains$2.3M$2.1M$3.5M$1.9M$5.1M$6.1M
Unrealized Gains$8.0K$35.0K$0.0$0.0$0.0$0.0
Cash Equivalents, Gross Unrealized Losses$19.0K$1.0K$29.0K$0.0$0.0$0.0
Common stock, par value (in dollars per share)$0.0$0.0$0.0$0.0$0.0$0.0
Common stock, shares authorized (in shares)$1.0B$1.0B$1.0B$1.0B$1.0B$1.0B
Common stock, shares issued (in shares)$153.4M$154.7M$155.7M$158.3M$159.5M$160.6M
Common Stock, Shares, Outstanding$153.4M$154.7M$155.7M$158.3M$159.5M$160.6M
Contract with Customer, Liability$1.8B$1.9B$2.0B$2.5B$2.4B$2.4B
Long-term debt, net———$1.7B$1.7B$1.7B
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, after Allowance for Credit Loss$1.2B$1.1B$1.0B$1.2B$2.0B$2.3B
Due between one to three years$590.9M$598.1M$528.7M—$1.5B$1.6B
Asset-backed securities—————$185.8M
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss$54.0K$2.0K$0.0$0.0$7.0K$0.0
Less than 12 months$440.0M$380.7M$343.7M$553.3M$546.7M$506.7M
12 months or more$36.5M$1.5M$0.0$0.0$17.2M$0.0
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss$1.7M$1.5M$415.0K$1.0M$945.0K$642.0K
Due between one to three years$591.3M$598.2M$531.3M—$1.5B$1.7B
Asset-backed securities—————$186.0M
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss$1.7M$1.5M$415.0K$1.0M$952.0K$642.0K
Debt Securities, Available-for-Sale, Unrealized Loss Position$476.4M$382.2M$343.7M$553.3M$563.9M$506.7M
Trading securities, cost$10.3M$10.6M$10.6M$10.6M$10.6M$12.6M
Thereafter—$24.0K$25.0K—$28.2M$28.2M
Finite-Lived Intangible Assets, Accumulated Amortization$50.0M$54.3M$58.5M$62.6M$71.2M$82.3M
2028$12.9M$13.0M$13.0M—$42.1M$39.3M
2030$7.2M$7.3M$7.3M—$28.2M$27.5M
Remainder of 2026$12.5M$8.3M$4.1M—$34.9M$21.7M
2027$15.8M$15.8M$15.8M—$43.9M$41.1M
2029$11.1M$11.2M$11.2M—$37.9M$35.4M
Gross Carrying Amount$109.6M$109.9M$109.9M$109.9M$286.5M$275.7M
Interest receivable on interest rate and cross currency swaps$12.6M$13.0M$14.6M$17.9M$24.8M$23.7M
Fair value of long-term debt$1.5B$1.6B$1.7B$1.7B$1.8B$1.6B
Preferred Stock, Par or Stated Value Per Share$0.0$0.0$0.0$0.0$0.0$0.0
Preferred Stock, Shares Authorized$200.0M$200.0M$200.0M$200.0M$200.0M$200.0M
Preferred Stock, Shares Issued$0.0$0.0$0.0$0.0$0.0$0.0
Preferred Stock, Shares Outstanding$0.0$0.0$0.0$0.0$0.0$0.0
Property and equipment not placed in service———$163.5M$121.4M$101.9M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied$4.4B$4.6B$5.0B—$5.9B$6.1B
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number$283.0K$66.0K$62.0K$47.0K$38.0K$44.0K
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number$366.0K$181.0K$171.0K$177.0K$151.0K$151.0K
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price$55.5$155.0$163.8$221.0$232.7$232.7
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value$46.6M$8.7M$10.6M$11.9M$14.8M$118.0K
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price$19.1$94.2$116.9$172.7$200.3$200.5
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value$45.7M$7.1M$6.8M$5.3M$4.9M$73.0K
Remainder of Fiscal Year 2024$12.5M$8.3M$4.1M—$34.9M$21.7M
Remainder of Fiscal Year 2025$12.5M$8.3M$4.1M—$34.9M$21.7M