Equity
Number of Exercisable Options
Zscaler Number of Exercisable Options increased by 15.8% to 44K in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 33.3%, from 66K to 44K. Over 5 years (FY 2020 to FY 2025), Number of Exercisable Options shows a downward trend with a -55.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementBalance Sheet Statement
SectionEquity
CategoryCapital Allocation
SignalLower is better
VolatilityModerate
First reportedQ4 2017
Last reportedQ4 2025
How to read this metric
A high number indicates significant potential for future share issuance and dilution as employees exercise their vested options.
Detailed definition
This metric counts the number of share-based payment options that have vested and are currently available for employees...
Peer comparison
Standard disclosure in equity compensation footnotes for all public companies.
Metric ID:
options_exercisable_numberHistorical Data
20 periods
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | 2.1M | 1.8M | 1.6M | 1.5M | 1.5M | 1.5M | 1.4M | 1.4M | 1.3M | 1.2M | 1.1M | 749K | 444K | 367K | 283K | 66K | 62K | 47K | 38K | 44K |
| QoQ Change | — | -14.3% | -7.9% | -5.6% | -0.4% | -2.5% | -4.0% | -4.6% | -5.5% | -6.9% | -12.0% | -29.7% | -40.7% | -17.3% | -22.9% | -76.7% | -6.1% | -24.2% | -19.1% | +15.8% |
| YoY Change | — | — | — | — | -25.8% | -15.5% | -11.9% | -11.0% | -15.5% | -19.4% | -26.1% | -45.5% | -65.8% | -69.7% | -73.4% | -91.2% | -86.0% | -87.2% | -86.6% | -33.3% |
Range38K – 2.1M
CAGR-55.6%
Avg YoY Growth-47.8%
Median YoY Growth-39.4%
Number of Exercisable Options at Other Companies
Frequently Asked Questions
- What is Zscaler's number of exercisable options?
- Zscaler (ZS) reported number of exercisable options of 44K in Q4 2025.
- How has Zscaler's number of exercisable options changed year-over-year?
- Zscaler's number of exercisable options decreased by 33.3% year-over-year, from 66K to 44K.
- What is the long-term trend for Zscaler's number of exercisable options?
- Over 5 years (2020 to 2025), Zscaler's number of exercisable options has grown at a -55.0% compound annual growth rate (CAGR), from 2.5M to 47K.
- What does number of exercisable options mean?
- The number of employee stock options that are currently eligible to be converted into shares.