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Zscaler

ZS

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.

Market cap
$23.79B-48.4%
Revenue$3.2B+24.6%
Net income-$77.4M-99.6%
Free cash flow$963.5M+24.8%
EPS (diluted)-$0.48-84.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Sep 1, 2026 (in 2 months)
Revenue estimate$877.0M
EPS estimate$1.09

Financials

Q3 2026

Income statement

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Revenue$850.5M+25.4%
Gross profit$657.8M+26.0%
Operating income-$29.6M-16.6%
Net income-$13.9M-237%
EPS (diluted)-$0.09-200%

Balance sheet

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Cash & equivalents$982.1M-50.7%
Total debt$1.7B+40.9%
Total equity$2.4B+31.1%
Total assets$7.1B+32.9%

Cash flow

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Operating cash flow$198.0M-6.2%
CapEx$42.4M-41.2%
Free cash flow$155.6M+12.0%

Valuation & ratios

Valuation

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Market cap$23.79B-48.4%
Enterprise value$24.54B-49.2%
P/S7.5×-11.8×

Profitability

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Gross margin76.7%-0.7pp
Operating margin-4.7%-0.1pp
Net margin-2.4%+3.7pp
FCF margin30.4%+0.1pp

Returns & leverage

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Return on equity-3.7%+2.3pp
Debt / equity0.7×+0.1×
Current ratio1.9×+0.6×

Segments

By geography

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Europe, Middle East and Africa$236.4M+16.4%
Asia Pacific$132.1M+23.0%
Other$29.4M+19.3%

By segment

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Reportable Segment$850.5M+25.4%

Competitors

Profile

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.

Competitive position

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

GeographiesUnited States, Europe, Asia Pacific, Middle East
Customer segmentsFortune 500, Global 2000, Federal Government, Large Enterprise
Business modelSubscription SaaS, Cloud-native Platform, B2B
SuppliersPublic Cloud Infrastructure Providers, Standard x86 Hardware Manufacturers, Internet Interconnection Hubs, Colocation Data Center Providers
CustomersGlobal Enterprises, Government Agencies, Telecommunications Service Providers, System Integrators
Listed2018
Employees6.0K
CEOJagtar Singh Chaudhry
FilingsSEC EDGAR

Questions, answered.

What is Zscaler's market cap?
Zscaler (ZS) has a market capitalization of $23.8B and trades on NASDAQ.
What is Zscaler's revenue and profitability?
Zscaler generated $3.2B in trailing twelve-month revenue with a net loss of $77.4M, representing a net margin of -2.4%. Gross margin stands at 76.7%, with free cash flow of $963.5M. These figures are based on the Q2 2026 filing.
Who are Zscaler's competitors?
Zscaler's key competitors include Palo Alto Networks, Cisco Systems, Cloudflare, and others. These companies compete in similar markets and product categories.
Who does Zscaler partner with?
Zscaler's notable partners include Microsoft, Amazon, Google, and others.
What subsidiaries does Zscaler have?
Zscaler's subsidiaries include Red Canary, Inc..
Where is Zscaler headquartered?
Zscaler is headquartered in United States of America and employs approximately 5,962 people. It has been publicly traded since 2018.