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Zscaler, Inc. ZS Q1 2026 earnings

Reported November 25, 2025 · After market close

Revenue$788.1MBeat by $14.8M
EPS$0.96Beat by $0.10
Revenue estimate$773.3M
EPS estimate$0.86

Next report

Nov 24, 2026 (in a month)
Revenue estimate$937.7M
EPS estimate$1.16

Financials

Q1 2026

Income statement

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Revenue$788.1M+25.5%
Gross profit$603.4M+24.0%
Operating income-$36.4M-18.6%
Net income-$11.6M+3.6%
EPS (diluted)-$0.07+12.5%

Balance sheet

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Cash & equivalents$1.3B-13.9%
Total debt$1.9B+54.5%
Total equity$2.0B+38.8%
Total assets$6.5B+38.1%

Cash flow

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Operating cash flow$448.3M+35.3%
CapEx$17.3M+1.7%
Free cash flow$431.0M+37.1%

Valuation & ratios

Valuation

as of 10/31/25
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Market cap$52.42B+91.4%
Enterprise value$52.99B+95.7%
P/S18.5×+6.6×

Profitability

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Gross margin76.7%-1.3pp
Operating margin-4.7%+0.1pp
Net margin-1.4%-0.1pp
FCF margin32.6%+1.4pp

Returns & leverage

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Return on equity-2.4%-0.5pp
Debt / equity1×+0.1×
Current ratio1.8×+0.7×

Segments

By geography

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Europe, Middle East and Africa$212.3M+14.1%
Asia Pacific$120.5M+21.2%
Other$28.2M+21.6%

By segment

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Reportable Segment$788.1M+25.5%

FAQ

When did Zscaler, Inc. report Q1 2026 earnings?
Zscaler, Inc. (ZS) reported Q1 2026 earnings on November 25, 2025 after market close.
What were Zscaler, Inc.'s Q1 2026 revenue and EPS?
Zscaler, Inc. reported revenue of $788.1M and eps of $0.96 for Q1 2026.
Did Zscaler, Inc. beat estimates in Q1 2026?
Revenue beat the consensus estimate of $773.3M by $14.8M. EPS beat the consensus estimate of $0.86 by $0.10.
How did Zscaler, Inc.'s Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 25.5% from $628.0M a year earlier and eps grew 24.7% from $0.77.
Where can I find Zscaler, Inc.'s Q1 2026 SEC filings?
You can read the 8-K earnings release (0001713683-25-000203) and the 10-Q periodic report (0001713683-25-000205) directly on SEC EDGAR. The filing index links above go to sec.gov.