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Zscaler ZS Q4 2025 Annual earnings

Reported September 2, 2025 · After market close

Revenue estimate$706.9M
EPS estimate$0.80

Next report

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

Financials

Q4 2025

Income statement

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Revenue$719.2M+21.3%
Gross profit$547.0M+18.2%
Operating income-$32.2M-19.6%
Net income-$17.6M-18.1%
EPS (diluted)-$0.11-10.0%

Balance sheet

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Cash & equivalents$2.4B+67.9%
Total debt$1.8B+44.0%
Total equity$1.8B+41.2%
Total assets$6.4B+36.4%

Cash flow

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Operating cash flow$250.6M+23.1%
CapEx$60.0M+21.6%
Free cash flow$190.6M+23.6%

Valuation & ratios

Valuation

as of 07/31/25
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Market cap$44.46B+64.9%
Enterprise value$43.85B+63.8%
P/S16.6×+4.2×

Profitability

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Gross margin76.9%-1.1pp
Operating margin-4.8%-0.6pp
Net margin-1.6%-0.5pp
FCF margin30.2%+0.9pp

Returns & leverage

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Return on equity-2.7%-0.9pp
Debt / equity0.0×
Current ratio+0.9×

Segments

By geography

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Europe, Middle East and Africa$210.8M+16.9%
Asia Pacific$114.3M+27.1%
Other$25.5M+22.7%

By segment

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Reportable Segment$719.2M+32.7%

Versus estimates

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Questions, answered.

When did Zscaler report Q4 2025 earnings?
Zscaler (ZS) reported Q4 2025 earnings on September 2, 2025 after market close.
What were Zscaler's Q4 2025 revenue and EPS?
Zscaler reported revenue of $719.2M and diluted EPS of $0.89 for Q4 2025.
Did Zscaler beat estimates in Q4 2025?
Revenue beat the consensus estimate of $706.9M by $12.3M. EPS beat the consensus estimate of $0.80 by $0.09.
How did Zscaler's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 21.3% from $592.9M a year earlier and diluted EPS grew 1.1% from $0.88.
Where can I find Zscaler's Q4 2025 SEC filings?
You can read the 10-K periodic report (0001713683-25-000158) directly on SEC EDGAR. The filing index links above go to sec.gov.